A post settlement occupancy agreement happens when sellers and buyers agree to allow the seller to stay in the house after settlement. This can happen for a variety of reasons. Sometimes, sellers need to stay in a home to finish out the school year. Other times...
Buying Basics
Is that Condo a Good Investment?
A condominium can be an excellent first home purchase. Condos tend to be smaller and less expensive than a single-family home. Buying a condo can be a good way to start building equity in a home. So what do you need to know? What is a condominium? A condominium...
What Does ‘Completely Remodeled’ Mean? 6 Things to Look For
There's an expectation when you see the phrase "completely remodeled" in a home listed for sale. 'Remodel', according to the Merriam-Webster Dictionary means "to change the structure, shape, or appearance of something". When the phrase "completely remodeled" is...
What Security Features Should House Hunters Look For?
When on the hunt for your dream home, there are a few security features you should pay attention to. We've outlined the key points below: What should a house hunter know about locks? I took this picture in a condo building. It was the kind of building with one hall...
Friends don’t let friends hire dual/designated agents
When a real estate brokerage serves both the buyer and the seller, what can go wrong? The seller's agent, who must get the best price for the seller, is the same company that must get the best price for the buyer. Legally and structurally, companies are run by a...
Being a Fussy Hotel Guest Made Me a Better Buyer’s Agent
I look forward to two nights and three days on the Cape - mid-week - every July. I get time off in the winter, so these summer days off are rare and special. This year, I had a lousy time. When I deconstructed what bothered me most, it made me a better buyer's agent....
Illinois First-Time Home Buyer Grants & Loans
Regardless of real estate market conditions, first-time home buyers need to know what loan programs and grants are available to help as they begin the home buying process. If you do your homework, there are many programs and grants available to first time homebuyers...
Yes, you need a home inspection.
Avoiding a Big Mistake and Still Being A Competitive Buyer One really big mistake the house hunters are being talked into is waiving your home inspection. Why do you need an inspection? If you hire an experienced exclusive buyer's agent, you have the backing of...
Don’t Waive Mortgage Contingency
1. Most of the time, if you have a documented pre-approval, you will get your mortgage, so a mortgage contingency is not really necessary, right? Wrong. It is only unnecessary if: You can afford to lose 5-10 percent of your purchase price. The mortgage contingency...
What is the Best Offer?
What is the Best Offer? Whose interests are being served by rushing offers and accepting offers that close the fastest? Some of the time, the seller wants and needs a quick closing. Some of the time, the seller's agent is advising their client to take the easy deal,...
Consider the not so Perfect House – Buyer Strategies for Challenging Times
Consider the not so perfect house; why prioritizing the location, lot size, and lay of the land before considering the interior features of the home is so important in this market. These are challenging times for home buyers. Housing inventory is at record low levels....
Seasons of Real Estate
Not every year is the same, but there's a pattern. First, though, I want to remind you that it takes about five weeks to close on a house, once you have an accepted offer. Here, I am talking about when you get your offer accepted, not when you close. So, for example,...