All posts categorized under ‘For Home Buyers’

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Open House Philosophy

Posted on August 8th, 2010 by Richard. Categories: For Home Buyers, For Home Sellers, Real Estate Perspective.

To me it feels something like the opening line for the long-running show Meet The Press on NBC, but adapted to my own reality. “If it’s Sunday, it’s an Open House”. More times than not, you’ll find me for a few hours on Sunday afternoon hosting an Open House somewhere, and today is no exception. Usually I decide about a week in advance if and where I’d like to have an

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Back-up Offer

Posted on July 30th, 2010 by Richard. Categories: For Home Buyers, For Home Sellers.

An agent showed a home that I have listed to their customers a week ago that since has an accepted offer on it from another Realtor. The agent who called saw the home now had a sale pending but wanted to know if the Seller would consider taking a back-up offer. The current offer was a good one or the Seller wouldn’t have accepted it, but you never know 100% for sure that any sale will work, so it’s usually

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Opening Doors

Posted on May 27th, 2010 by Richard. Categories: For Home Buyers, For Home Sellers, Real Estate Perspective.

Later today, a customer will be closing on the sale of their home. So this is on my mind right now. They call it a final closing because all facets of the transaction come together and the transfer of title and sale is completed. But if you see the faces of the Buyer and Seller, and get a sense of what is really going on, the true impact of this event is anything

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Tax Incentive Flurry

Posted on April 8th, 2010 by Richard. Categories: Financing, For Home Buyers, For Home Sellers.

The deadline in order to be eligible for the tax incentives from the Federal Government for home buyers is really causing some excitement in the marketplace right now. As most people know by now, first-time home buyers can receive up to $8,000, and seasoned home owners up to $6,500 as a tax credit if they close on a home they are purchasing before June 30 this year. The frenzy though is being caused by

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Short Sales

Posted on February 27th, 2010 by Richard. Categories: For Home Buyers, For Home Sellers.

Everyone has probably heard the term “Short Sale” in the last few years. You’d think that those kind of sales are commonplace, but that type of transaction is probably one of the toughest deals to put together if you want to buy or sell a home. Unlike a REO or bank owned property which is a property that has actually gone through foreclosure with the bank emerging as the actual

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First-time Home Buyer Mistakes

Posted on February 2nd, 2010 by Richard. Categories: For Home Buyers.

I saw a list recently on a National Association of Realtors website stating what real estate experts consider to be the most common mistakes that first-time home buyers make. According to this list they are: (1) They don’t act quickly enough to make a decision and someone else buys the house. (2) They don’t do enough to make their offer look appealing to a seller. (3) They don’t think about resale before they buy. (4)

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Earnest Money

Posted on December 8th, 2009 by Richard. Categories: For Home Buyers, For Home Sellers.

When an offer is made by a Buyer on a property, it may take a counter offer or two or more sometimes before the Buyer and Seller agree on all terms of the Purchase Agreement. But upon acceptance, the Buyer must deliver an earnest money check from them immediately, usually by their agent, made payable to the Broker who has the home listed. The purpose of earnest money is just what the name