Buyers and sellers ask why do we have to do the final walk before closing? The fact is it can be waived in writing by the buyer but I don't think a buyer would want to do that if he understands why it is so important. This is the final chance for the buyer to view the home before going to the closing table.
At this time the buyer can give it a good look to see if all is in order and the repairs that were requested are done correctly. Then there will be … (11 comments)
buyers: How Long from Contract to Closing in Clarksville TN?
- 08/11/18 06:30 PM
Will It Be Quick or Get Hung Up? It can be very quick to get to closing if there are no contingencies on the sale. The buyer should always take the time to get a home inspection even if the seller is not going to do any repairs.
It can be slow. Financing takes time and can take up to 6 weeks. Cash transactions can close in just a few days if the title exam comes back clean. In Clarksville TN many of our financed homes can close in 30 days or under. The lender has to stay on top of the loan processing … (7 comments)
Buyers want to know the next steps after the seller has accepted the offer. New buyers especially need to know what to expect. They have no idea and don't want to ask dumb questions.
If buying using cash and no financing, the period from contract to closing could be very short, just a few days. If financing is needed, it may take several weeks. The sales contract serves as a roadmap to the closing with the steps spelled out.
All sales need a home inspection regardless if the buyer is getting a loan or not. Don't cut corners and eliminate this step. if getting financing the … (7 comments)
Almost 2000 REALTORS® participated in a survey asking about the effect of staging home on buyers. This survey was conducted by NAR and produced some very interesting results.
Buyers' agents said that 77% of buyers found it easier to visualize a staged home. 49% of these agents said that staged homes had an effect on the way the buyers viewed the homes.
The most important room to be staged according to the survey was the living room followed by the master bedroom and then the kitchen.
The agents said that buyers tend to overlook other property faults … (39 comments)
There are 2 distinct home markets in Clarksville TN. The new home market has been strong for years and represents 25-35% of all home sales in Clarksville, TN. Buyers like new homes because they get homes packed with amenities but they get all the new home warranties and systems coverages. The resale market must be competive in pricing and value or the homes will sit on the market longer and ultimately sell at lesser prices.
In a sale, most closing costs belong to the buyer however it has been tradition and custom for builders in Clarksville … (6 comments)
buyers: What Will the Seller Fix on the Home Inspection Report?
- 09/20/17 10:50 AM
Repairs May Be Yours to Make on the Home Inspection Report, Mr. Buyer Buyers in this changing market need to know that the playing field has changed. Sellers are not nearly as quick to agree to do repairs so if the buyer really wants the house, you must be prepared to pay for repairs yourself. If the issue is major the seller may give a repair allowance or dollar adjustment but then again, he may not. You need to understand what the purpose of the home inspection is when you buy a home in Clarksville TN. The real estate contractwe use in Tennessee has … (10 comments)
If you look back at the market numbers 18 months ago you would see that we were in a buyer's market. The something changed and the inventory started to be sucked up.
Clarksville TN's market was slow to follow the trends that ignited the markets across the country. We had a stabilizing force with the military population that has kept the market much more stable without the wild multiple offers frenzy that has taken place in so many place. But that is beginning to change.
At the beginning of 2016, the inventory of homes exceeded 2100. The … (22 comments)
Buyers and sellers ask why a final walk through is necessary to do before the closing. As agents we take it for granted that everyone understands the purpose and will want to take advantage of this final check.
What is the purpose of the final walk through? The main purpose is to make sure that all contract conditions relating to repairs have been completed and the house has not been damaged in any way by the seller on the move out or items of damage concealed from previous viewings.
It's not that we don't trust the seller to … (36 comments)
buyers: What It Means When the Lender Says the Buyer's Clean
- 05/13/17 06:50 AM
What It Means When the Lender Says the Buyer's Clean This has nothing to do with the personal hygiene of the buyer. Though it is always pleasant to work with someone that takes care in their personal appearance. Recently a lender talked to one on my prospects to render an opinion as to whether he could buy a house. There are several things the lender does before a verdict is given. The lender has a counseling session asking about assets, credit history, job history and runs a credit report. When the credit report comes back the lender is looking for red flags like low … (35 comments)
buyers: Do You Prepare the Seller Someone Might Use the Bathroom?
- 03/16/17 05:27 PM
I just read a post by Scott Godzyk about a sale almost not happening because the seller freaked out when the buyer used his toilet. We agents know that life happens. Buyers and their children and even agents have strong calls of nature when out for period of times looking at homes. This brings up an important point, d0 you let your sellers know that this is a possibility that someone might use the bathroom?
We all have had occasions while showing homes that the little ones just have to go. The parents look over to the agent and ask if it alright to … (54 comments)
The answer to both of these questions is no. On the other hand it is preferred if the buyer can choose the lot in person, experience the neighborhood and be able to make all selections in person. A buyer wanting to move forward needs to have financing in place and be ready to make some quick decisions which could mean there is not time to come to town.
We live in a digital age therefore if allowances can be made to accommodate the buyer that cannot come to town. … (26 comments)
It's Valentine's Day Week and there is talk about what to get that special someone. What comes to mind are those special home buyers and the attributes that make them so endearing and enjoyable to work with. We that are in the real estate business love what we do and love seeing the smiles of a buyer when they find the right home. We love seeing their dreams realized and love to share their excitement. Buying a home is a wonderful gift anytime of the year but what a great gift at Valentines Day. We love it when … (51 comments)
Doing a final walk through before the closing offers protection for the buyer, seller and agents involved in the transaction. Many buyers ask if they really have to do one. The answer of course is no, but why would a buyer want to give away their last chance to check out the property before title passes?
An opportunity to check on repairs and left behind items- Unfortunately, not all houses are ready when the final walk through time comes. Sellers fail to do the requirements as stated in the contract. Sellers leave behind unwanted items and some … (31 comments)
buyers: Do the Buyer and Seller Have to Attend the Closing?
- 01/04/17 03:15 PM
Is it a must that the buyer and seller physically attend a real estate closing? Most of the title and real estate closing companies in Clarksville, TN can complete a closing without the physical presence of either party. We deal with relocation buyers and sellers that have already left the area. One thing they don't want to do is to incur the extra expense to travel back to Clarksville just to close on the house. They will do it if they have to but it is no longer necessary and closing documents can be signed and notarized almost anywhere and in all parts of the … (53 comments)
It has been 36 years ago but I remember it like yesterday. I was newly licensed and was in my second week of being in the real estate business. It was a cold day and early winter weather was setting it. The wind was howling and precipitation was heading our way.
I was snug and warm inside my new real estate office. This was a branch office and only a half dozen agents worked there so floor time was going to be plentiful. It was my first time as duty agent. The duty agent answered phones and … (32 comments)
Don't worry that now that school is back in session buyers are no longer buying. That is not the case. Buyers continue to buy all year long in Clarksville, TN. There are some very good reasons that now is the time to sell your home and can even be the best time to sell of any time of the year.
1. Buyers that looked earlier this year and got discouraged are back looking. Don't you want them looking at your house? 2. Much of the inventory over the summer has been absorbed. Putting your home … (17 comments)
Most homes are bought on emotions and buyers just know it is the right home for them. But what if there are two or three homes that seem to meet the buyers criteria and it's hard to decide? There are some steps to help make the decision between houses.
Being able to visualize living in a home and imagining day to day living experiences helps make it real and separates the ONE from the rest. Discovering the emotional pleasures the home can give, takes some reflection and soul searching.
Assuming the finances are right, the buyer can find out if … (13 comments)
Stigmatized properties are a sticky wicket for agents. Stigmatized properties are generally thought to be homes where a murder or suicide took place. It can also mean a home where spirits (ghosts) are suspected to reside. Some people wouldn't live in one of these stigmatized houses on a bet. Others think the property values will be forever affected and stay clear.
Of course if state law requires you to disclose, you disclose. In Tennessee, stigmatized properties do not have to be disclosed by the seller or the agents. TN Law says … (51 comments)
When getting your Clarksville TN home ready for market, keep one thing in mind, buyers want your home move in ready and don't want the hassle of fix up. Leaving it for the buyer to do a little fix up will cost you big time.
Your competition in Clarksville is new construction and these homes smell new, feel new and have all the new features. Your home needs to compete well and that means do your repairs and make sure there is a fresh coat of paint on the walls and trim. This will keep more … (38 comments)
buyers: How to Get on the Road to Buying a New Home
- 07/04/16 11:52 PM
Take a Step to Buying Your Clarksville TN Home Interest rates are incredibly low and summer is in full swing. If you have been thinking about buying a home in Clarksville TN starting now could save you money. Selecting a buyer's agent is your first important decision in the home buying process. In Clarksville TN the agent to contact is Debbie Reynolds. Once you have your agent working for you the rest all will fall into place. With 36 years of real estate experience, I can guide you down the road to home ownership. Home buying can be fun and not scary or stressful. Being informed and … (13 comments)
Debbie Reynolds, Broker, AHWD, CRS, Green, GRI, MPI, SFR (931)320-6730
Specializing in new construction and luxury properties in the Clarksville TN and Montgomery County TN.
The Final Walk-Through Is The Buyer's Right Under TN Law
;)
;)
;)
