In-bounds or Out? Test your real estate (and social) IQ, and see if you know which subjects are in-bounds ” and out-of-bounds ” for home Buyers and Sellers to discuss at closing: A. The home’s selling price. B. Any walk-thru inspection issues. C. The Buyer’s plans to remodel ” or raze(!) ” the home post-closing. D....Read More
Test your real estate (and social) IQ, and see if you know which subjects are in-bounds — and out-of-bounds — for home Buyers and Sellers to discuss at closing: A. The home’s selling price. B. Any walk-thru inspection issues. C. The Buyer’s plans to remodel — or raze(!) — the home post-closing. D. Who the Seller uses...Read More
No Standard Terms In theory, “rent-to-own” is a tailor-made strategy for today’s housing market, where lots of would-be Buyers have good cash flow but lousy credit, and lots of Sellers are, well, eager to sell. In practice, however, I’ve seen relatively few of these deals. My guess is that the following factors are responsible: –Although it’s...Read More
As part of an offer I presented the other night, I included the world’s smallest earnest money check. Not the amount — there’s not much chance of consummating a deal when the Buyer’s earnest money is infinitesimal. Rather, the check I delivered was literally tiny. My client didn’t haven’t their checkbook with them when we...Read More
