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seller’s market

Home Finance 101: The Case for Buying Non-Contingent vs. Contingent (if you can)

Avoiding the “Contingency Premium” “We may be small, but we’re slow.” —Cal Tech football team slogan. If you were a home seller, how much extra would you want in order to assume the risk that your Buyer could successfully sell their current home in a timely fashion ” the standard Contingency is 60-90 days ”...
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Home Finance 101: The Case for Buying Non-Contingent vs. Contingent (if you can)

Avoiding the “Contingency Premium” “We may be small, but we’re slow.” –Cal Tech football team slogan. If you were a home seller, how much extra would you want in order to assume the risk that your Buyer could successfully sell their current home in a timely fashion — the standard Contingency is 60-90 days —...
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Just One Home Inspection in Today’s Housing Market? Try 4 (or 8, or 9!!)

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;...
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Why Contingent Offers Are More Palatable to Sellers in Today’s Housing Market

Will the Backup House Sell in Time? In addition to the usual contingencies for Inspection and Financing, the Buyer making a Contingent offer for a house is adding a third, big one:  that’ll they’ll be able to sell their current home — what Realtors call “the backup house” — within 60-90 days. In turn, the salability of...
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Cautionary Tale For Would-Be Home Sellers

Now, THAT’s a Deal! “An overpriced “For Sale” home depreciates in value faster than an appreciating housing market rises.” —Ross Kaplan, first law of real estate; “Market Appreciation vs. Home Depreciation” (10/23/2013) Here’s a news flash for at least some prospective home Sellers:  even in a Seller’s market like today’s, not everything sells right away,...
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When is a Deal Officially a Deal?

Real Estate Legal Trivia That question is HUGE in residential real estate, for a number of reasons. The three biggest: One. The “Final Acceptance Date” — when the deal’s officially a deal — starts the clock running on the Buyer’s Inspection Contingency (Buyers typically have 3-5 business days to inspect, once the ink on the deal is...
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