Buying/Selling A Home – Don’t Give Up More Than You Have To!

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Real Estate Broker/Owner with Kolsky Realty & Management 01311273
https://activerain.com/droplet/56Gb

 

Buying/Selling A Home – Don’t Give Up More Than You Have To!

 

 

 

*Whether you’re on the buying side “or” selling side of the transaction – you never want to give up more than you have to.

 

After your intense search for the for the perfect home, it finally happens. You finally get your offer accepted, and you strike a deal on the perfect home. Of course, it wasn’t easy as it most likely took some intense negotiations and you probably had to beat out other hopeful buyers. But you finally did it, and you and the seller have come to terms.

 

But not so fast – get ready for round two. Just when you thought negotiations were over, it is time for another round of negotiations. Most buyers quickly find out that after signing the purchase contract and putting your money into escrow – negotiations are not finished quite yet.

 

Here are a few things buyers and sellers should be prepared for when it comes to buying “or” selling a home.

 

One of the first things after the purchase contract is signed – the buyer schedules a home inspection as per the purchase contract. And depending on the outcome of the home inspection – buyers may ask for repairs or credits from the seller.

 

The property inspection is an essential part of the home buying process. Property inspections can bring to light things and problems about the property that the buyer couldn’t possibly have known about as they signed on the dotted line. Only after the inspection, the buyer will know whether or not they want to move forward as agreed in the purchase contract “or” if they need to sit down with the seller to re-negotiate the deal.

 

One way for a seller to avoid such negotiations – sellers should consider having a property inspection before listing and provide the inspection report to all potential buyers. Sellers should keep in mind that the goal is to avoid negotiations once under contract because they usually don’t favor the seller.

 

By providing a home inspection report to all buyers, the seller can address all potential issues before the buyer and seller sign the purchase contract. The goal is for the buyer to come up with their best offer up front as they understand what they’re buying. And the goal is for the seller to avoid any and all negotiations once the purchase contract is signed by both parties.

 

Dave Matthews Band - So Much to Say

 

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Rainmaker
1,737,467
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Hi Jon - in our area sellers typically get the home and pest inspection up front; potential buyers read them and know what's what. Saves a lot of grief down the road.

Aug 23, 2017 12:06 PM #1
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John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

Love the solution Jon - seller getting the home inspection in advance can save a lot of post-contract drama

Aug 23, 2017 12:13 PM #2
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Anna Banana Kruchten CRB, CRS 602-380-4886
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana!

Jon our sellers typically do have their 'own' pre-insection report so they can take care what needs to be handled but that  report is never given to buyers. We used to do that many years ago but that got stopped dead in it's tracks by some crazy lawsuit.  Buyer must order their own inspection once under contract.

Aug 23, 2017 02:57 PM #3
Rainmaker
220,636
Janice Zaltman Realtor, LEED AP
United Realty Group - Boca Raton, FL

Hi Jon Kolsky Totally agree with you and sometimes get sellers who don't want to do it and it ends up costing them much more than the initial home inspection. The key, I found, is finding a thorough home inspector you trust. Are you there for the sellers pre-home inspection?

Aug 23, 2017 05:50 PM #4
Rainmaker
2,475,160
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Ah yes, it's all about those dreaded contingencies.  I like your title, "Don't give up more than you have to."

Aug 23, 2017 08:02 PM #5
Rainmaker
2,475,160
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

CONGRATULATIONS Jon, on having this blog FEATURED in the Old Farts Club group!    

Aug 23, 2017 08:03 PM #6
Rainmaker
1,284,171
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Lottie Kendall ~ it sure does! The sellers that think ahead and provide home and pest reports leave room for little to no haggling after the purchase contract is signed

 

Aug 24, 2017 10:09 AM #7
Rainmaker
1,284,171
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

John Meussner ~ you know it! I agree 110%

Anna Banana Kruchten,CRS,CRB,GRI ~ that's too bad because ( you are right) getting the reports in advance help sellers do what needs to be corrected before selling

Aug 24, 2017 10:12 AM #8
Rainmaker
1,284,171
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Janice Hope Zaltman LEED AP ~ yes.... I always like to be present for the inspections

 

Aug 24, 2017 10:14 AM #9
Rainmaker
1,284,171
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Myrl Jeffcoat ~ this helps the deal go smoother during the escrow period... And THANK YOU! Love being featured in OFC

Aug 24, 2017 10:16 AM #10
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Jon Kolsky

Licensed California Real Estate Broker
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