sellers: Sellers, Yes the raise in FHA mortgage insurance can effect you
- 02/04/13 09:19 PM
While home purchasers are worried about the increase in their monthly payment. Sellers to should be concerned about their bottom line. With the tremendous lack of inventory why wait till spring when the buyers payments will be higher. You have a strong advantage by listing while the inventory is low and buyers are hungry. But, how does this effect the seller? How much the purchasers is qualifying for. This will change the price point they are searching. Based on their debt to income, how much they qualify for will decrease, because of the increase in payment. It can dynamically change the … (0 comments)
sellers: Seller or Buyer responsible for well/septic/termite inspections?
- 01/22/13 09:08 PM
With buyer representation it is our job as the Realtor to not only negotiate the best offer for our clients on a home purchase, but, to protect them and their interests. Buyers have a choice within the contract: Have purchaser or seller responsible for these additional inspections. Of course buyers are responsible for the home and radon inspection, but what about well, septic and termite? Most purchasers first thought is "Why should I pay for those, it's not my house, it's the sellers responsibility." Yes, but what companies are they hiring are hired and represent the seller. If their is a … (60 comments)
sellers: Septic inspections, who should be responsible? Buyer or Seller?
- 01/08/13 09:25 PM
In one week I have learned more than my fair share about failed septic systems. Buyers, you have choice on a contract when a home has well and septic. You can choose to order and pay for the inspection or you can ask the seller to order and pay for the inspection. We experience that most buyers would like to put that fee on the seller, understandable, because it is pricey. For a proper septic inspection you are looking at $600-800 Let's think beyond the inspection costs and determine who works for who? If the buyer orders and pays they are protecting … (4 comments)
sellers: Sellers, disclosing previous insurance claims....or not...
- 01/07/13 09:03 PM
A week away from settlement and my buyer is rejected by not one, but three different insurance companies, because there had been one claim with 0 payout and two other claims that paid out within the last fice years on the home he is purchasing. To sweeten the story, this is a short sale, written approval received and all the inspections have been completed. AND they have been pre-occupying! Now what? The phone call time invested on this deal has now dramatically escalated trying to keep everyone calm. Well come to find out, if you call your insurance company and ask … (6 comments)
sellers: Sellers, the importance of understanding the appraisal process
- 12/16/12 09:37 PM
I hear it all the time, But my home has several upgrades and updates, vaulted ceilings, hardwood floors, granite, new appliances... the list goes on. What does this all really mean with the sale price and the ability to get a contract? To put it plain and simple all of those upgrades add the desirability. Yes, it adds value your home, because you will receive an offer much quicker than the another home that does not have the upgrades and is in comparison. It enables you to have more negotiating power, that is where your value comes in. The reality in our … (89 comments)
sellers: Sellers, when not to hold out for a better offer
- 12/09/12 09:13 PM
List price is agreed upon, estimated sellers settlement statement sheet is filled out with three different scenarios. Home is listed. Immediate showings, at least eight the first week. Feedback? Home is to big, rooms are to small, needs shutters, doesn't like the flooring. doesn't like split foyers (why did they look at it then) Priced great. Showings continue, up to over at least 15, market days are 16 with three showings on this particular day. A full price offer comes in(Yeah), asking for seller to pay closing costs. Buyer is willing to pay all inspection costs.(termite,septic) and home inspection for informational … (84 comments)
sellers: Buyers hurry, this could be your last chance for home ownership!
- 11/06/12 09:14 PM
According the Mayan calender the world is ending Dec 21!* Buyers, there is still time to claim the title of "homeowner", BUT time is running out. With the estimated time being 30 days for a closing, you must have a contract on a home by no later than next week! You can't afford to have a delayed settlement! Get pre approved today and hurry. Sellers want the title of "debt free" this can be a win win for everyone! I have included my amazing team in the links above that will make all your wishes and dreams come true, Hurry before it is too late!
While home purchasers are worried about the increase in their monthly payment.
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