When the seller needs additional time after close and plan post-close occupancy, buyers may wish to consider some ramifications. Will this effect your financing? How about insurance issues? Who will cover costs? … repairs? … substantial losses? Definitions: Use and Occupancy Agreement – Seller to Remain: Principle residence – form/agreement, general in nature. License for … More Buyers beware: Seller occupancy after closing
Short sale? – buyers beware!! Meet & Discuss Further <|> Share Your Wish List easy, quick, predictable, a sure possibility of condition of property or title history, etc. NOT In fact, here are some excerpts from a disclosure for buyers. I think it says it best: ‘…. If you will be frustrated beyond the savings … More ‘Short Sale’
Investing in property ? Like Chip & Joanna Gaines of Fixer Upper, I recommend you seek wise counsel ‘and all these things shall be added unto you’ says Biblical scripture. When there is more that 1 person as part of the buyer / seller / ownership package, I take just as seriously the ‘non-financial aspects’ … More Like Chip & Joanna Gaines of Fixer Upper, remember to seek wise counsel.
Those flipping TV shows can’t be wrong, can they ? Oh my. If only customer/clients realized they are buying a house, not a candy bar. (photos of actual house shown to client). “If it was that easy…” right ? Here’s some of the better article excerpts I’ve found. Property taxes, utility bills and assessments are … More Real estate auctions, can you trust them
I recommend this lab to test for heavy metals & other water contaminants. … More Water Test in Michigan
Here it is, want Property Info and you want it now ? Take a photo on your iPhone and thats it ! What school goes with that house? What are prices like in this neighborhood? How much are taxes on this home? ALL of these questions can be answered with the click of your camera. … More Quickest way to get house information
Per Inman News article Zillow, and other third-party real estate search sites like Trulia, have made a big push to get data feeds directly from brokers and MLSs because, without a direct feed, the portals face accuracy and timeliness issues with the listing data they get from a variety of sources. A recent study by … More Zillow, Trulia are not Realtors
ALTA Title Policies Exactly which defects are covered under the insurance depends on the type of insurance policy. A standard coverage policy normally insures the title as it is known from the public records. It also insures against such hidden defects as forged documents, conveyance by incompetent grantors, incorrect marital statements, and improperly delivered deeds. … More Why use an ALTA
……If you think rapidly rising home prices is a good trend, you might want to think again. ………….Institutional buyers are beating owner-occupied traditional home buyers to the market. With gigantic hoards of cash at their disposal they are buying distressed properties, mostly those in foreclosure or through lender facilitated short sales, one at a time … More Institutional buyers are buying distressed properties,…gigantic hoards
Did you know that March is the #1 month for buyers activity ? June is the #1 for sellers listing…what does this tell you ? The prudent seller may wish to clean house a couple months sooner to get top dollar. Example of some of the deals out there. http://www.realtor.com/realestateandhomes-detail/4751-Fiddle-Ave_Waterford_MI_48328_M30850-62286?source=web X
Due diligence is the name of the game when buying a home online. Craigslist & eBay … all chances to be scammed. Advice boils down to research. Research the house, find out who has the title, confirm the square footage and lot measurements, find out if that lot can be built on or subdivided. The … More DIY Buyers….Due diligence
After you read the below article I posted in 2012, jump on forward to this: Investing: then and now March 29, 2018 … so said Time mag back in July 2011. Click the photo to check their logic. I wouldn’t have called out the buyers quite so quick, but now I’m bullish on buying. Why … More Real Estate May Be The Buying Opportunity of the Decade
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There are some good articles and checklists on why owning a home, moving, or large home vs a smaller one is more expensive. Based on many factors I typically discuss w/ a buyer/seller up front, I agree on most points – based on planned usage, time you plan to stay there and many other factors. … More Moving up: Whats that big dream house cost in time and money ?
Before I rehabbed my first investment property back in my college days, I read and reread 2 books by the investing couple Sam and Mary Weir, e.g.: How We Made A Million Dollars Recycling Great Old Houses. I remember taking a trip east to look up these addresses and see if it was all real … More Better than “house hunters”
I tend to look at properties from a “multi-use” perspective. I might say to a prospective buyer client “will you ever work from home ?…have customers stop by ?…. want rent out part for future/retirement income stream ?… have retired parent(s) live with you ?… have a business & residence at the same location ? … More Adaptive reuse / flexible use
When I first started investing in home This Old House was popular, oil was going to run out, and Mother Earth News was all the rage. How I Made a Million Dollar Recycling Great Old Homes was my favorite book, so much so I actually took a trip the east coast to drive by most … More Hidden Problems in Older Properties
Today I learned something no so surprising. CEO of ForSalebyOwner.com, Colby Sambrotto sold his home using a Realtor! said the article title. He’d used his FSBO site for 6 months, then listed the property and sold it in weeks, …. for thousands more than he’d been asking no less. Why is this NOT surprising to … More For Sale By Owner com Founder used an agent
Its not the same as going to a garage sale – here, you want more than just the “garage” ! Yes you need qualification to buy, but as a buyer, you also want a mapped out strategy and the tools in hand to execute it. When we submit an offer, well typically be ready to … More 5 things needed to make an offer
In case you wondered. I’m thinking I’ve counted well over 100 on most. more ps: 33 Steps REALTORs® do to complete a Purchase .