contract: When Do I Sign? - 09/19/08 04:33 PM
In the Northern Illinois area, our typical real estate contract has a five (5) day attorney review contingency paragraph.
After both parties have signed the real estate contract, each side has five (5) business days from the date of acceptance for their real estate attorney to review and approve of … (0 comments)
contract: How Low Can You Go? - 08/08/08 04:58 PM
In our current real estate market in the Northern Illinois area, there are a lot of homes to choose from.
I still see the occasional multiple offer situation. But today's home buyer typically has more time now, to negotiate an offer on a home of interest.
As your buyer's … (0 comments)
contract: Home Warranty of America - 06/27/08 03:52 PM
As your buyer's agent, we will ask for a home warranty to be included in the sales contract, to be paid for by the seller. This is a negotiating point, which the seller may or may not be agreeable to.
Some sellers have already included a home warranty in the … (0 comments)
contract: Tested and Approved - 06/17/08 07:54 PM
Private Well and Septic - How do you know if it's okay?
Chances are good, if you are searching for a home in a more rural or unincorporated area, the home could have a private well and septic system.
In the Northern Illinois area, the real estate contract used … (0 comments)
contract: Risk Factor - 05/21/08 08:33 PM
When you make an offer on a home - do you need to worry about the appraisal?
If you are buying a home and getting a mortgage, an appraisal is part of the mortgage approval.
A common concern for buyers is that they do not "overpay" for a home. … (0 comments)
contract: Set in Stone - 05/01/08 07:24 PM
The closing date - is this date something I can count on?
In the Northern Illinois area, the date that is agreed to (in writing in the real estate contract) is pretty much the closing date that you can plan on.
I say "pretty much" because occasionally things … (0 comments)
contract: Little Details in the Big Picture - 04/28/08 04:00 PM
You've decided on a home! Your offer has been accepted!
Those are the big details in buying a home. But there are still some smaller details that you need to take care.
Often times buyers forget about these things and the results range from inconvenience to not being … (0 comments)
contract: Who's In Control? - 04/16/08 06:57 PM
In our current "Buyer's Market" - does one party have more power, the buyer or the seller?
There are many more sellers than buyers at this moment, so you might expect that the buyers have all the control.
To a certain extent that may be true. Sellers need … (0 comments)
contract: When Is The House Really Sold? - 04/14/08 07:47 PM
Buyers and sellers will ask me, "When is the house really sold?"
That answer would be at the closing, after all the papers have been signed, the money has been transferred and the keys are handed over to the new owner.
As we go through the sales process … (0 comments)
contract: What's It Worth To You? - 04/04/08 06:02 PM
Deciding what you'll pay for a home.
Ideally, when you have found a home that would like to buy, your feelings will be somewhere between "I love this house and will pay anything" and "I really don't care if they accept my offer".
I say this because my goal is … (0 comments)
contract: Free With Purchase: What Stays with the Home? - 03/24/08 09:05 PM
Free With Purchase: What Stays with the Home? Part of the negotiating in buying a home, includes what is staying with the home and what is going. These details need to be specifically written into and included in the purchase contract. As your buyer's agent, we will go through these details … (0 comments)
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In the Northern Illinois area, our typical real estate contract has a five (5) day attorney review contingency paragraph.
