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Can You Handle The Truth?
Did you know about the P.E.A.R (Plumbing, Electric, A/C, Roof) rule?
Its very simple, if any part of the P.E.A.R. has a problem, then financing will be a problem. Keep in mind that the “P” stands for anything water or plumbing related, including the “P” in pool (go ahead and giggle). All of it has to be in working condition in order to be financeable.
Ok, so we don't need Jack Nicholson yelling at us about handling the truth, as in A Few Good Men. But, we do need a reality check before setting out to buy or sell a home.
Keep in mind that real estate is a sales industry. Gimmicky advertising, flashy photos, and fast talkin’ sales agents often come with the business. You have to be able to sift through all the hype to understand the reality of a listing.
Not All Sellers Are Serious About Selling
Just because a property is listed on the market, does not mean that it is actually available. A listing report with little or no description, or with poor or very few photos is usually a good indication that the seller is not serious about selling the home, or more likely that they ... more
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