Verification of Property Condition

It’s one of the last steps in purchasing a home and an important one — Verification of Property Condition. Don’t skip or waive this opportunity to see the condition of your soon-to-be home prior to the close of escrow. #realestate #whosnext

 

 

Buyer’s Inspections – Part of the process!

What’s an Escalation Clause?

ContractLaw

Beyond what it is, should you use it in your offer to purchase a home?  As a REALTOR representing a Buyer, we can get pretty excited about the opportunity to utilize this tactic. Also known as a “Sharp Bid”, an escalation clause is used in the circumstance where multiple offers are highly likely.  This likelihood is usually generated when you see a Listing that states something to the effect of, “All offers to be reviewed on Monday at 5pm” or the property has been priced below market. The intent of this competitive bidding strategy is usurp all other offers by offering a $dollar amount (usually $100 to $1000) above the next highest offer received by the Listing Agent with a cap “not to exceed $dollar amount.”  I usually recommend that we request proof of the highest bid.

If you’d like to learn more, please don’t hesitate to reach out.

Achieve Morning Person Status!

Ever wish you could become one of those rare morning people? The ones that wake with a start, feeling refreshed and energized. The ones that get in that morning workout or wrap up some work before many of us even hit the snooze button for the first time. Here are five tips to help you achieve that early bird status!

  1. Create a morning schedule. Physically write down the things you’d like to complete in the morning and set a time for each. Then stick with it. Once you force yourself out of bed early one or two weeks consistently, you’ll find it gets easier and easier to do.
  2. Let the light in. Whether natural or artificial, light tells your brain its time to get up and get going. If your room lacks large windows where you can open the blinds up, consider investing in a timed lamp or alarm clock with a light.
  3. Prep and eat breakfast. Although there are many of us who chose the skip breakfast, it is key to perking up your energy in the morning. Try prepping protein-focused meals the night before or grab a yogurt or fruit and try to consume it right after you wake.
  4. Get your body moving. Whether it’s a short walk around your neighborhood or a rigorous 5:30 am spin class, getting your blood pumping will help wake up your body and has a ton of other benefits, like stress and anxiety reduction.
  5. Feed your mind. Stimulate your brain and do something you enjoy first thing in the morning. Try reading a favorite book, catching up on the news, doing daily meditation, or setting intentions.

Negotiations That Will Kill A Sale

Negotiation is a subtle art in real estate, but skilled negotiators can usually find some common ground that satisfies all parties. On the other hand, using the wrong negotiation tactics can sink a deal pretty quickly. Here are some negotiation tactics buyers (and real estate professionals) should avoid:

  1. Lowball offers: Going far below market value when you make an offer damages your credibility as a buyer and can be insulting to the seller. The seller has a range in mind that they’ll accept, and if you’re not even approaching the low end of that range, they won’t even consider the offer.
  2. Incremental negotiations: Don’t continue to go back to the seller with small increases in your offer ($1,000 or less). The constant back-and-forth can grow tiresome and lead the seller to consider other opportunities.
  3. “Take it or leave it”: Try not to draw a line in the sand with your initial offer. The seller can get defensive and consider other offers if you immediately show that you’re unwilling to budge. Even if it’s true, don’t make a show of it.
  4. Nitpicking after inspection: Obviously if inspection reveals a major issue, it should be factored into the final sale price. But insisting on a lower price for every minor repair can put negotiations in a stalemate.
  5. Asking for more, more, more: Some buyers will request that the sellers throw in add-ons like furniture or appliances that weren’t included in the listing. Try to avoid giving the seller a reason to build up resentment and think that you’re being greedy.