Wednesday, March 7, 2018

Five (5) Parts to an Offer 2018
How to Secure the House that You Want for the
“Best Possible Price & Terms!”
***The Market is Changing to Favor Sellers!***

 In my opinion there are Five (5) Parts to every Offer:

1.    The Offering Price (plus Closing Costs)
a.    This is first and foremost, but by no means the only part
b.    Closing Costs are typically 2-3%
2.    Earnest Money Deposit (EMD) we recommend 2-3%
a.    You will submit a copy of the EMD Check with the offer, so please bring your check book!
b.    The EMD is your money and it can be part of your Down Payment
3.    Lender Letter or Proof of Assets   ***Buyer Love Letter***
a.    The Lender Letter should reflect the Offering Price
b.    All Cash Offers will need a Proof of Assets Letter from the Bank
4.    Contingencies Typically there are Three (3) ***Except Multiple Offers***
a.    Home/Radon Inspection Contingency 7-10 days
b.    Financing Contingency 21-28 days depends on your Lender
c.    Appraisal Contingency 21-28 days again depends on your Lender. If the house does Not Appraise, Three outcomes can occur:
                                         i.    The Buyer can add the extra cash above the appraised value
                                        ii.    The Seller can lower the price to meet the appraised value
                                       iii.    The Buyer and Seller can negotiate a price in the middle
(If all parties cannot agree then the property goes back on the market. Seller is now looking for a new buyer and the buyer is looking for a new property)
5.    Settlement Date shorter is usually better (trade time for money)
a.    Buyer wants to know "When do I get the house?"
b.    Seller wants to know "When do I get the money?"

The highest price may not always win the sale of the home. It depends on all 5 parts of the offer. I work with Buyers to build the strongest possible offer and with Sellers to evaluate offers on their asset.

I am a Professional Realtor Assisting Buyers and Sellers in their transactions to secure the “Best Possible Price &Terms!”

Please let me know if you have any questions or concerns.

Thank you and I look forward to working with you.


Tuesday, March 6, 2018

What it's like to live in...Any Town?
I like to get up early in the morning and walk my dogs first thing. They like it too. You know, I used to think (before I owned a dog or 2) that it was such a PIA (Pain in the A**) to own a dog. You know, you have to walk them all the time. But guess what I discovered? Instead of HAVING to walk them I learned that you GET to walk them 2 X a day (or more). That means...every day...rain or shine...summer or winter...cold or hot...every day. Now I believe dogs are a gift from God because they force you to experience the outside world, Mother Nature in all her Glory, on the same walk...every day, day after day, winter, spring, summer & fall. You GET to enjoy the seasons and LEARN the differences...day after day...rain or shine...year after year!
Sleinte!