Finding a real estate agent who is capable of representing your best interests might take meeting a few. Be patient, and look for these traits when interviewing agents: Experience. Experience is a must. Trusting a major purchase to someone who has experience handling all the different situations that can crop up in a real estate […]
Tag Archives: buying a house
Does the seller have to accept a full price offer?
Let’s say a buyer submits a full price offer on a property, along with a solid pre-approval letter, and a strong earnest money deposit. The seller declines the offer. Can they do that? <Insert proper disclaimer that I am not an attorney, this is not legal advice, and you should contact an attorney for counsel […]
Oakland County Spring Market Stats
It is spring in Oakland County! Well, almost. We’re going on listing appointments like crazy, and sellers from Ferndale to Shelby are getting their homes to sell. Time for Spring Market Stats! Because of our seasonal climate here in Oakland County, a substantial portion of our annual sales happen from February through June. There is […]
5 Tips to Writing a Strong Offer
In a market with a shortage of inventory, winning the offer takes craft and strategy. Here are five tips to help you write a strong offer. 1. Get a pre-approval letter from a reputable lender with as few conditions as possible. Sometimes I get a “pre-approval” letter from a buyer with so many conditions, it […]
What Happens to the Earnest Money Deposit?
The Earnest Money Deposit or EMD is a Buyer’s deposit on a home indicating that they are “earnest” in their intent to buy a property. The deposit is the Buyer’s guarantee that they will close on the home, and if they default, they are willing to forfeit the deposit as damages. The terms of the […]
Deadly Second Opinions
I see it happen all the time. After trudging through, both online and in person, the multitude of homes for sale, our Buyer has finally found a good house. They are ecstatic. They have walked, measured and completed their due diligence and are ready to make an offer! Not so fast…before they do, they want […]
6 Things Buyers Should Do Before Pulling the Trigger
It is one of the worst things that can happen to you, as a buyer. You are “just looking.” You do not expect to find it because you have been looking online for months and nothing. Then, out of the blue, behind door number 3…it’s the ONE. It is nearly perfect in every way. You […]
The Walk Through:What Is It & Why Should I Care?
Every purchase agreement my team writes has a provision that gives the buyer the right to “walk through” the property within 48 hours of closing and/or possession. The point is to make sure the property is in substantially the same condition as the date of the offer, excepting normal wear and tear. The items negotiated […]