buyer agent: Seller Carry Part II, Think Outside the Box
- 11/16/22 05:22 AM
Last week I wrote a blog regarding the case of seller carry in a down market. This blog is about the creative terms that many agents miss. When you think of a seller carry, most will think that it relates to a seller that owns their property outright. That is not always the case and the option to have a seller carry with a mortgage in place is also a possible scenario. This is referred to as a wrap. A wrap can be risky for a seller in case the lender decides to call the loan based off of the Acceleration … (1 comments)
buyer agent: Properly Walking a Property with a Buyer
- 11/11/22 09:49 AM
As a broker and engineer, I tend to walk a property quite differently than most agents. One of my key focal points to understanding how well a property will be a match for a buyer is the knowledge of quality of workmanship and general cost to repair. If you can walk into a property, identify major upgrades and know the value or cost to repair, this helps with establishing value with the buyer. Essentially the value of upgrades or cost to repair can be a basis to determining a good baseline for an offer. It can also provide a way to … (6 comments)
buyer agent: Prepping Property Showings for a Buyer
- 11/10/22 04:53 PM
There are many ways to prepare showings for a buyer. Today most buyers have already researched the properties they want to see from a common site online. Assuming you have a list of properties and the buyer is prequalified to view what was selected. WARNING: Never take a buyer out unless you have a prequalified buyer and you have spoken to their lender. I know that sounds obvious but still to this day I get agent calls complaining about a buyer that an agent swore was qualified but they had not received their prequal before showing multiple places. Newbies, just don't … (1 comments)
Last week I wrote a blog regarding the case of seller carry in a down market. This blog is about the creative terms that many agents miss. When you think of a seller carry, most will think that it relates to a seller that owns their property outright. That is not always the case and the option to have a seller carry with a mortgage in place is also a possible scenario. This is referred to as a wrap. A wrap can be risky for a seller in case the lender decides to call the loan based off of the Acceleration … (1 comments)
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