contract: What Are Contingencies In A Home Purchase Contract? - 02/13/19 05:02 PM

Contingeny:  a future event or circumstance which is possible but cannot be predicted with certainty
 
If you're working with an agent in the Cincinnati/Dayton Ohio area, we work with a common MLS approved contract.  It's developed by real estate attorneys and includes pages and pages of details that covers the normal process of buying a home.
And part of that normal process of buying for a home?  The provision for contingencies.
There are many things that SHOULD happen from first offer to sitting at the closing table and finalizing a home's purchase, but not everything happens as it should 100% of the time.
And considering … (3 comments)

contract: Lexington Run Patio Home Under Contract! - 01/30/19 05:59 PM
Once again we have helped a Cincinnati patio home buyer find the right match!  As of Monday morning, a Batavia Township patio home in the Twin Spires at Lexington Run community is under contract!
Our out of state buyer first contacted us late last year and we reviewed her needs and budget and targeted a few communities as potential fits.  We toured those communities with her family during some visits but held off making a commitment until she finished relocating to the area.  Once back in town a couple of afternoons checking out the available inventory and a 2nd look on the … (2 comments)

contract: Can An Ohio Home Seller Quit A Purchase Contract? - 07/12/17 04:01 PM

A seller places their home on the market.  They hire an agent to help them price and market the home and find them a suitable buyer.  Showings commence.
You'd think all this means they WANT to sell their home, right?
But sometimes there's some hesitancy involved.  Perhaps a messy divorce and there's an order to sell the home.
Or the home is just getting to be TOO much after the death of a spouse and ALL those memories are hard to leave, but staying isn't viable either.
So at some point a buyer comes along and loves the home, submits an offer and their agent … (4 comments)

contract: FAQ: What Are Home Purchase Contract Contingencies? - 06/15/17 07:14 PM

If you're buying or selling a home in the Cincinnati Ohio area, chances are the purchase offer will be written on a Cincinnati Area Board of Realtors standard contract.   It's written originally by real estate attorneys and there are blank spots for your agent to fill in key terms such as:
Offer price
Closing dates
Time frames
Contingencies
Now contingencies in the purchase contract fall into two categories:
Those built into the contract are standard language and cover critical aspects such as financing, inspection, appraisal & HOA review.
It's also possible to write in additional contingencies, but they need to be carefully constructed to be very clear (and … (2 comments)

contract: Another Cincinnati New Construction Patio Home Buyer Under Contract! - 03/25/16 06:38 AM

Another Cincinnati New Construction Patio Home Buyer Under Contract!
Sometimes when searching for a home, the path can have a few curves and bends.  That's been the case for our buyers when we started working with them last fall meeting with Inverness about building in the Walden Ponds golf community in Fairfield Township.  There were three lots left to finish the community and only one that would fit the plan they wanted.  Unfortunately another buyer claimed the lot before a final decision was made, so we shifted gears.
Our buyers investigated Drees townhomes in northern Kentucky so we arranged for another agent in … (3 comments)

contract: Shaker Run Lebanon Ohio Home Buyer Under Contract - 03/17/16 06:57 AM
Shaker Run Lebanon Ohio Home Buyer Under Contract
Shaker Run is a Lebanon area golf course community that we just keep coming back to!  We've completed patio home buys, regular home buys and shown quite a few of Ironwood at Shaker Run condos too!
Last night we added another buyer to our Shaker Run history with an accepted contract on a beautiful home on the golf course in the newest part of Shaker Run! 

Our buyers loved what the home offered, only 3 years old and very well maintained, 4 bedrooms, 2.5 baths, an unfinished basement, a HUGE master suite, and … (3 comments)

contract: Another Buyer Under Contract In Mason's Beacon Hill Townhomes! - 06/27/15 07:53 AM
Another Buyer Under Contract In Mason's Beacon Hill Townhomes!

Our buyer is under contract on a great resale townhome in Mason's Beacon Hill!  While Beacon Hill isn't a patio home community, it DOES fit well with a low maintenance lifestyle and that meant a lot for our buyer.  Add in that Beacon Hill is just a short distance from plenty of dining and shopping thanks to the adjacent Deerfield Towne Center lifestyle complex, and if you're a movie fan Regal Cinema 16 is just across the street!  For an enjoyable lifestyle Beacon Hill is tough to beat!
And our buyer's choice of … (7 comments)

contract: Can We Close On The Home Earlier or Later Than The Contract Date? - 06/04/15 09:50 AM
Can We Close On The Home Earlier or Later Than The Contract Date?
There are two key dates in a home purchase contract that buyers and sellers care about most:  Closing date and Occupancy date.
The first is the date the paperwork is signed off and home ownership is transferred.  In Ohio, that typically means buyers and sellers meet at a closing table, the title company's rep is there to direct the sign offs of all the paperwork and the agents are there to provide support to their clients.
Occupancy date is the date that possession is given to the buyers.  Most often, … (12 comments)

contract: What Happens After I Write An Offer To Purchase A Home? - 04/02/15 02:12 AM
What Happens After I Write An Offer To Purchase A Home?
So we've found the right home for you.  We write an offer, write an earnest money check, and as your buyer's agent I've got everything I need from you to submit your offer.  What's next?
First, I'm contacting the listing agent to let them know an offer is coming.  Fact is I've probably already contacted the listing agent to find out if there are offer terms that are important to the seller (besides price).  Maybe they need more (or less) time to closing, or want a few days after closing … (12 comments)

contract: 9 Tips To Help Your Mason Ohio Home Purchase Offer Succeed - 06/25/14 11:56 PM
9 Tips To Help Your Mason Ohio Home Purchase Offer Succeed
You've found THE ONE.  That Mason home that you want to call HOME for the next chapter of your life.  What's next?  What can you do to improve the chances of your offer being accepted?
Don't delay writing the offer.  When I'm working with buyers, I've got access to a contract.  We can fill it out ASAP.  But thinking about it overnight opens the door for other offers to appear and complicate your chances, or even worse, for another offer to be ACCEPTED while you're still thinking about it. Be … (12 comments)

contract: All Contract Terms Are Negotiable Until Final Signatures - 04/03/14 11:05 PM
All Contract Terms Are Negotiable Until Final Signatures
For the most part, there are only a few key items that Warren County home buyers and sellers tend to worry about when negotiating a home:
Price, price, price being the first few!
Closing date and occupancy dates can be another.
And personal property conveying is also another component of the deal that can cause some conflict.
Rarely does a purchase offer come back just signed as ACCEPTED.  Most likely, there will be a counter from the sellers changing a few items.  And MOST likely the buyers response will only involve changes to … (25 comments)

contract: Guaranteed Recipe for an Offer - 07/22/10 02:11 PM
Start with 10 listings available on the market, none priced more than 50% of the area average and none overpriced. Mix in extensive Internet marketing and a pinch of Active Rain blogging. Allow to sit, mix additional marketing as opportunities become available.
Bring to simmer.
Freshen marketing photos as seasons change. Provide feedback to clients and regular market updates. Respond promptly to all agent inquiries. Respond rapidly to all consumer inquires. Mix periodically to bring listings additional focus as needed. Leave town to attend brother-in-law's wedding or vacation with limited Internet and fax capabilities! Almost guaranteed to bring an offer!  Works … (13 comments)

 
Liz and Bill Spear,  RE/MAX Elite Warren County OH (Cincinnati/Dayton) (RE/MAX Elite 513.520.5305 www.LizTour.com) Ambassador large

Liz and Bill Spear

RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Mason, OH

More about me…

RE/MAX Elite 513.520.5305 www.LizTour.com

Address: 5720 Gateway Blvd, Suite 203, Mason, OH, 45040

Mobile: 513-520-5305

Email Me

REALTORS(R) serving Warren County Ohio and surrounding areas. Observing and reporting on real estate and related topics to help your quality of life! And if you're asking where is Warren County Ohio? We fill the space between Cincinnati and Dayton. Perfect for enjoying the bigger cities without living in them. Places like Mason, Lebanon, Springboro, Waynesville, Franklin and more. Plus lots of rural properties available too. We work with both residential home buyers and sellers.


Listings

Links

Archives

RSS 2.0 Feed for this blog