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Are You Guilty of Costing Your Sellers More???

By
Real Estate Agent with Key Realty, LTD

Just a friendly reminder....if you're representing a seller, be sure you question them carefully in the beginning.  -

ASK if their current on their payments.  If they're not, this may mean more time and energy on everyone's part to look into possible short sales, etc.  Until you ask about their payments and situation, for all you know they could be heading for bankruptcy, foreclosure, etc.  Knowing what their situation is, can help you determine the best route and person for the job.

Be sure to check into cost savings for the Seller.  ASK if they have their title policy if they've owned the home less than 10 years.  This could mean a small re-issue credit to them.  

Also, if your title company is able to, you might even look into any possible mortgage escrow refund may be due back the seller.  Sometimes the sellers forget all about this (however large or small it may be).

If you can negotiate a higher deductible home warranty, which typically means lower cost for your seller, go for it.  The seller can pay for the basic plan and the Buyer might pay for the extras if they want them.

I mention all of this, because none of us want to go to closing and have our client question "Why we didn't tell them they could get a re-issue credit", or "Why didn't you get me a less expensive home warranty?", etc.  However small the credit or cost savings to us, it may seem HUGE to the seller.   

Be their advocate and then their Realtor for life.