Best Times to Buy or Sell A Home

Best Times to Buy or Sell a Home

What the general public doesn’t know about real estate is that the media can present a skewed view of what is actually happening in the local market. I utilize hyper-local information to help guide people about the best times to buy or sell a home.

I currently have a couple who aren’t sure if now is the right time for them to move into a larger house. They’re getting married, and they are stuffed into 986 square feet with a large dog. The more we discuss, the more they realize it’s the right time for them. The new year is here, and rates remain steady.

I’m a good referral for your friends who are expecting a new baby and live in an apartment. They want more bedrooms and a yard to play in. You want to be able to visit them and actually sit down. Let them know you’d be happy to introduce us if they want to move before the baby comes.

Buying a Home? The Due Diligence Period in Real Estate

The Due Diligence Period in a Real Estate Contract

Many home buyers are unfamiliar with the term Due Diligence when they set out to buy a home. What is the Due Diligence period in a real estate contract? It’s the negotiated amount of time for buyers to do inspections, quotes, etc. to make sure they want to buy the house. Typically lasting 10 -14 days, it allows the Buyer to Cancel with NO PENALTY and get the return of their earnest money. Can the Seller cancel during that time as well? NO!

My client Alice was under contract on an older home. It had foundation issues, and she decided not to proceed. Because we terminated the contract within the Due Diligence period, her earnest money was returned to her in full, no penalties.

I’m a good referral for your friend Sam who’s been burned in a real estate purchase before. Let him know you know an experienced agent that will protect his money and his time.

Do You Have a Home-Selling To-Do List?

home-selling to-do list

I study the market daily to see where it’s headed. I call daily to find buyers for my listings and homes for my buyers. When I work with sellers, I always advise them on how to make their home as attractive as possible by following a home-selling to-do list.

Recently I met with Sharon, who wanted to move back home where her family was. The home is in a nice, popular neighborhood. The condition, not quite as attractive. You see, Sharon had fallen on hard times and was barely keeping her head above water. I helped Sharon on what items she needed to repair, replace, or clean thoroughly, as well as how she could make her home look it’s best without breaking Sharon’s budget. A to-do list solved the problem. With the help of trusted vendors and a little elbow grease, Sharon is good to go.

The next time your friend, Dave says he doesn’t know how much his home is worth, hand him my card and tell him you’ve got his back.

Who Gets Money at a Real Estate Closing?

Who gets money at a real estate closing?

Who loves money? Everyone! Who gets money at a real estate closing? Maybe everyone!

My clients Sarah and Terri were buying a home together. Mom Sarah was putting in the most money, and Terri would also live there and help with bills. Here we were at the closing table. The sellers of the home got the most money; they sold their house. The attorney and realtors got paid, as did the lender. Sarah and Terri wired too much for the down payment and closing costs. They got a little bit of money, as well as a new home. There is nothing better than leaving a closing with everyone happy and wishing each other well.

I’m a good referral for your coworker Ed who wants to sell but doesn’t know where to start. Let him know you know a great agent to guide him smoothly through the sale.

What You Need to Know About Due Diligence

What You Need to Know About Due Diligence

When you buy a home, there may be phrases or terms that you may not know. Today we’re going to talk about the due diligence period. Due diligence is a term every buyer needs to understand before signing a contract.

Due diligence is the negotiated amount of time at the beginning of a sales contract that allows the buyer to walk away for no reason at all. It is intended to do inspections, an appraisal, etc. If the buyer terminates during that period, their earnest money is always returned to them. Typically, due diligence is 10 – 14 days, or as low as seven or even zero in a competitive situation. It’s best to take the due diligence period and its requirements very seriously. Make sure you hire a strong agent who will protect your money during due diligence.

I’m a good referral for your brother, who really wants to be in Florida. Tell him an introduction to Renee will get him on his way.

The Kitchen is the Heart of a Home

The Kitchen is the Heart of a Home

The kitchen is the heart of a home, and the state of your kitchen can make the difference between a quick sale or having your home remain on the market for months. To enlarge the appearance of your kitchen, make the counters as empty as possible because you want to highlight how much counter space you have in your kitchen.

Tip: Expand your counter space by removing small appliances.

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