When home ownership remains out of reach for a segment of the population for whatever reason, some people look for the convenient scape-goat in a brisk market.
Usually, that is the real estate agent professional because we are at the forefront, in the public eye, when representing home buyers and sellers in a sales transaction.
Veteran real estate agents know that property sellers determine the list price after Realtor's relay market value to them. Most sellers and builders are the ones jacking up the price, not to mention, cash buyers offering well over … (22 comments)
Some clients will forgo the pre-closing inspection, thinking that everything remains the same when first viewing the property. That may not necessarily be so. Any number of things can/will happen during the process.
Photo of condo units splitting apart due to erosion of the soil on the hillside. I could fit in between the breach.
A walk-through is part of the Real Estate Purchase Contract but not a requirement on the buyer's part but I strongly request doing so for the following reasons:
Hidden defects: A home that is fully-furnished may hide defects that an inspector misses due to furniture placement, large rugs or over stuffed … (16 comments)
Knowing when to remain quiet is a necessary art in business settings. Most clients wish to be heard above all else in order to accomplish their real estate goals. Agents understand that submitting an offer on a home sooner than later may clinch the deal or another buyer may swoop in, capturing the intended target first.
Indulging a swooping flight with the high rise in humility. ~Wanda Kubat-Nerdin
As an experiment on Facebook, I made an I Boated sticker, attached it to a new photo, then published it see if people really were paying attention. Only a few people that Liked it noticed it did not say I Voted.
It was Just for FUN but reminds me of how some of the details in a Real Estate Purchase Contract get skimmed over until an issue arises and then clients question whether they were privvy to the information within.
Read the contract together line by line, word for word so everyone is on board to the terms and conditions that are agreed upon. Invite questions … (16 comments)
A refusal to allow early occupancy, turned into an endless, streaming rant on the other side. Sad that someone would feel entitled to throw a tantrum simply because they were told NO.
Too many things can go wrong and the liability lies on the homeowner's shoulders for any number of situations, such as: fire accidental falls evicting occupants if loan goes south theft of personal items once they move in property damage due to negligence, etc. Nowhere in the contract does it say that a homeowner is required to open their doors to EO before the transaction closes … (14 comments)
Being an agent, means being tested. Clients want to know that they are valued and will be treated with the utmost care as they plan to either sell a home or purchase a primary or second home. Some of the most challenging transactions have been the most rewarding in my career. A most memorable one started out on shaky ground due to a less than favorable past experience with an agent.
Letting me know when first meeting, that he did not like 'you people' made me more determined to win him over. Though I knew it would not be an easy task, every … (14 comments)
While there is no secret formula to successfully selling a home, these guidelines may help streamline the listing process to get a home SOLD!
After all, that is the goal, right?
1. Before listing, homeowners need to be sure all mortgage commitments can be met for the duration. There is nothing worse than after signing documents, investing the time, effort and expense of photography, fliers and open houses, to discover a potential financial crisis.
2. Rather than wait until an accepted offer, get an independent professional opinion. That allows making repairs prior to putting the home on the market or reducing the … (10 comments)
A potential buyer just asked this question, so I referred back to a post that was written several years ago. It explains the process of submitting a contingent offer succinctly. Of course, every market and situation is different but past experience simply speaks.
Contingency sale offer or not? That is the question.
Your buyer client wishes to submit a contingency offer on a property. Do you simply follow directions or do you make other suggestions?
In my opinion, writing a contingency sale offer takes the ability to negotiate away from the purchaser. And unless the buyer … (8 comments)
After sending an addendum early in the morning on behalf of the buyers, the listing agent's assistant said she'd get it over to the sellers immediately. The Due Diligence deadline was quickly approaching.
She calls back awhile later to report that in order to save time, she wanted to verbally explain the sellers response. She refused to put it in writing and continued on. I phone the buyers with results.
After putting much thought into the response, the buyers agreed to the sellers terms. The agent's assistant then said, "What about this...and that...?" At that point, I was finished verbally bantering with her and hung … (11 comments)
A buyer's agent and listing agent know full well their responsibilities when it comes to a real estate sales transaction. Here is my take on the process.
A buyer's agent guides and assists clients through the process and must have a vast knowledge of neighborhoods, price trends, zoning, real estate law and negotiation, including: Targeting wants and needs Setting appointments for showings Negotiating price, time-lines and inclusions Staying in communication with lender (if getting a mortgage) Writing an offer based on terms and conditions Ensuring the inspection is completed and delivered Meeting all deadlines, taking care of impediments along the way A listing agent represents … (6 comments)
See Dick run to his office and submit an offer on an exceptional, well-priced home in a great location with endless amenities and upgrades! He is trying to beat Jane and any other agents who may be writing one as well on the property.
The sellers are looking for a full-price offer and to them, cash really doesn't matter in this transaction because the home is well worth the listed price. Several showings per day proves that point.
Dick says his buyer has cash and can close quick but his comps aren't coming anywhere close to list price. Jane's client will require a mortgage. She has done her 'home' … (8 comments)
Southern Utah has over 300 days of sunshine per year while offering mild winter temperatures for outdoor activities every day! Add that to the picturesque canyons, red rock cliffs, sandstone bluffs, clean air plus small town atmosphere and you are Home, Sweet Home! Come and experience Southern Utah for yourself!
I cover the following areas:
- St. George
- Hurricane
- Washington City
- Santa Clara
- Ivins
- Central
- New Harmony
- Pine Valley
- Toquerville
- Veyo
- Central
Follow @soutah
Hurry, buy it before a Realtor jacks up the price!
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