What is a Due Diligence Period?

What is a Due Diligence Period

What is a due diligence period in a real estate contract? It’s the negotiated period 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 the return of their earnest money. Can the Seller cancel during that time as well? NO!

My client Amy was under contract on an older home. It had foundation issues, and she decided not to proceed with the purchase of the house. Because we terminated the contract within the due diligence period, her earnest money was returned to her in full, with 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.

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.

Don’t Let Your Dream Home Become a Nightmare

Don't let your dream home become a nightmare

Don’t Let Your Dream Home Become a Nightmare

My client Amy recently went under contract on her dream home. Everything was fine until it wasn’t. The appraisal on the house she was buying came in $20,000 BELOW the contracted price. How could that be? The appraisal is a critical part of the purchase contract. The lender wants to make sure they are not lending money on a house that isn’t worth the sales price, and the seller ALWAYS wants the appraised value to be ABOVE the contract price. This step is another part of the contract process. The buyer and seller negotiate to a number that all parties agree to after the appraisal. If not, the contract ends, and the buyer’s earnest money is refunded. In Amy’s case, we were able to dispute the value, and all ended well.

The next time you hear someone swapping real estate horror stories, let them know Renee can keep their dream from becoming a nightmare.

Prepare Your House and Make it Sell Fast

Prepare your house and make it sell fast

What is one of the best ways to prepare your house and make it sell fast?  When getting your home ready to sell, the objective is to help prospective buyers visualize the space as their own. Start by removing any personal photos and decorate using neutral colors.

Tip: Depersonalize bedrooms and decorate in a neutral scheme.

#reneepruittsells #reneepruittrealtor #sellingtips #atlanta #realestate #atlantarealestateagent

Things to Consider as Your Children Leave the Nest

things to consider as your children leave the nest

Things to Consider as Your Children Leave the Nest

It’s only natural to start thinking about downsizing your home as your kids begin lives outside of the house. Whether you’re thinking about moving to a townhome in the city or a bungalow on the lake, here are a few things to consider as your children leave the nest.

  1. Think about the Big Picture: You want to downsize now, but what about after the kids are out of college and starting their own family? Do you want to have space for them to stay with you? Think about more than the next 5 years, if space is large enough, but not too large, and if the house is physically manageable enough for you both.
  2. Are you ready emotionally? Did your children learn to walk in this home? Did you have a wedding in the backyard? Are you REALLY ready to leave? Think through this as selling a home of many years and many memories are quite emotional.

Whatever you decide, hire a licensed, experienced REALTOR. No one will be better qualified to guide you through the process of downsizing after so many years.

Get the Most House for the Money

get the most home for the money

Your Realtor should study the market daily to help you get the most house for the money.

As a Realtor, I’m asked every day, “How’s the market?” to which I always answer “It’s unbelievable!” Seriously, everyone wants to know about the market whether they’re moving or not. I use information about the market to help current and prospective clients every day.

Last week, I had a client who was wavering about whether to buy or not. I showed her how with the possibility of increasing interest rates, her ability to afford a home was declining. So now was the best time for her to get the most house for the money she had available.

I’m a good referral for your friend’s son who is tired of paying high rent and wants to own for less than the price he pays to rent. Or your other friend who would like to start adding some investment property to his portfolio. Let me guide your referrals through the ever-changing market.

Get Your Home Ready to Sell with Budget-Friendly Updates

It’s important to get your home ready to sell with budget-friendly updates.

Summer is here, and so is the hot housing market. 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.

I spent last Sunday with Steve and Karen. We’re going to list their house, but it’s a tad outdated. We started looking at what we could update for the least amount of money. A big choice? Light fixtures and faucets. You can get new light fixtures and faucets for well under $100 each. Dirty white ceiling fan? A new one can be $59! Do you have brass everywhere? Replace with chrome or brushed nickel for almost pennies! New fixtures quickly and inexpensively update a home.

A great referral for me is someone wanting to sell and unsure what updates to put in place for the highest return. A quick intro to me, and soon you’ll have one happy friend.

What to do 8 Weeks from Moving Day

Moving to a new home can quickly turn from exciting to overwhelming.  Follow this advice on what to do 8 weeks from moving day.

8 Weeks from Moving Day:

  • Research Moving Companies or Truck Rentals: Gather quotes and references from multiple companies, including storage units if needed.
  • Start a Moving Binder: Include paperwork, receipts, and inventory lists related to the move. This will be very helpful at tax time.
  • Take Inventory: Make a list of what is in each room of your home. Decide what to keep, donate, or sell before the big day.

With these simple steps, you’ll be well on your way to having a successful and stress-free move.

Sell Your Home for the Most Profit and Least Hassle

With so many homes on the market today,  first impressions are the key to sell your home for the most profit and the least hassle.

Summer is upon us and with it the peak selling season.  I study the market daily and call daily to find buyers for my listings and sellers for my buyers.

My clients Kelly and Jim own an investment property that tenants just vacated.  We met at the house to see the shape it was in before listing it for sale.  What a mess!  The outside made the house look abandoned. Overgrown grass, bushes, trees, you name it!  Weeds everywhere, too!  I suggested they get everything trimmed way back, which makes the house look younger.  I also have sellers stand on the curb and pretend they’re buying: what would they want to see as a Buyer?

The next time you hear, “I just can’t keep up with my house anymore” let them know you know a local expert that can help them sell for the most profit and least hassle.

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