Agent-to-Agent Closing Courtesy While the Seller is busy passing house keys, garage door openers, etc. to the Buyer at closing, guess what the Buyer’s agent often gives the listing agent (representing the Seller)? No, the correct answer isn’t, “a flask of whiskey”. Rather, it’s the listing agent’s lockbox. As a courtesy, Buyers’ agents will often...Read More
In a business where guaranties should be viewed skeptically, how can you know for sure that the Buyer’s final walk-thru inspection will be uneventful? Answer: they waive it. 🙂 At least in my experience, it’s a (very) rare occurrence. But, it’s usually associated with one (or more) of the following three factors: 1) the home is...Read More
Worst-Case Scenario Don’t feel too sorry for homeowners: in today’s Seller’s market, they’re calling the shots (and getting top dollar). But, if you want to see Sellers in a more sympathetic light, consider this: selling a home now can involve not one inspection, but — including required re-inspections — eight to ten(!) separate visits, depending on the Buyer’s financing;...Read More
Moot Unless Something’s Happened to the Home It’s not what I recommend to my Buyer clients, but there are plenty of Buyers who put off doing their walk-thru inspection until just before closing. Like, on the way. At least in theory, the Owner has an ongoing duty to update their Seller’s Disclosure up to and...Read More
Agent-to-Agent Closing Courtesy While the Seller is busy passing house keys, garage door openers, etc. to the Buyer at closing, the Buyer’s agent often is transferring something to the listing agent, representing the Seller: the listing agent’s lockbox (no, the correct answer isn’t, “a flask of whiskey”). As a courtesy, Buyers’ agents will often ask...Read More
Location of Closing I paid for that mike! –Ronald Reagan, 1984 Presidential debate You’d think that the home seller — who’s invariably footing most of the closing bill, starting with the Realtors’ commissions — would get to choose where to hold the closing. But by convention, it’s the Buyer’s call. Why’s that? I’d guess it’s...Read More
