Bluffing — or Not — About a Backup Buyer True or false: if a home Seller receives and accepts a more attractive backup offer from another Buyer (“Buyer #2”), they’ll tell Buyer #1 about it. Answer: false (usually). 2+ Birds in Hand In my experience, when the Seller has a more attractive backup offer already in hand,...Read More
Nightmare Inspection Addendum: ‘Seller to Tighten Doorknobs, Dust Counters, etc.’ To the, oh, I dunno, 37 reasons why Buyers shouldn’t nitpick on the Inspection (it can cost them the deal, it jeopardizes Sellers’ good will (and assistance) post-closing, the scope of the inspection is supposed to be limited to material items, etc., etc.), add reason #38: anything on the Buyer’s list...Read More
Or . . . Maybe They Already Did(??)* How unusual is it for the Buyer to skip a home inspection? After a decade selling homes, I was just involved with my first deal — as a listing agent representing the Seller — where the Buyer waived the Inspection Addendum. For a home that was not in multiple offers. Extenuating...Read More
From “3-1-1” to “5-2-1” The primary reason Buyers have a finite amount of time to do their home inspection is because Sellers want to know where they stand. So, if the Buyer and Seller can’t agree on resolving any issues that come up, the Seller wants to be able to go back on the market, with...Read More
First-Time Buyers’ Handbook Your Realtor just called to tell you that the Seller accepted your counter-offer, signifying that you have a deal. Who do you call first? A. Your best friend. B. Your parents. C. Your lender. D. The list of home inspectors your agent gave you. Answer: D. And yes, that’s the correct answer even...Read More
