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4 Common Closing Surprises


Being surprised at the closing table is something you should always try to avoid. Today we’ll go over four common things to look for.

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When you get to the closing table, the last thing you want is to be caught off guard. Today I’ll be discussing four potential surprises to look out for when closing.

1. The walkthrough. The final walkthrough is the last time you’ll see the home before you own it. For this reason, it’s incredibly important to ensure that any repairs you had done are completed and that the home is in the same condition as it was when you agreed upon it.
2. Make sure nothing is missing. Everything you saw when you first arrived should still be on the property. Before you close, go through the property to ensure that any agreed-upon items are where they were left.

The last thing you want is to be caught off guard. 
3. Lending. Issues with lending can arise at the last minute. To make sure that this doesn’t happen, make sure that you are well aware of what is happening every step of the way. Check periodically with your lender to make sure things are still on the right track.
4. The title. Just like with lending, there can also be some sudden issues with the title, as well. Make sure that you are on the lookout for any liens that show up at the last minute.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Why You Shouldn't Stay in Your Home During Showings


If you’re selling your home, should you leave the property during showings? For a few different reasons, the answer is always yes.

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If your home is being shown to buyers, should you stay inside the house during the showing? This is a tricky question that I get often from clients who are selling their property.

The answer is simple, though: no.

You should always leave the property during the showing. Doing this will let the buyers spend time walking around the home. Ideally, a buyer should be able to envision their life there.

If the seller is there during this process, buyers could feel uncomfortable and will likely spend less time on the property.


The more a buyer likes the home, the more time they will spend on the property.

In my experience, the more a buyer likes the home, the more time they will spend on the property. Inadvertently rushing them during a showing could lead to a missed opportunity.

Ultimately, it’s important that buyers are able to spend time in the home without the pressure of knowing the seller is present.

If a buyer is able to spend time on the property with their family and envision their lives there, they just may fall in love with it and decide it is the best fit for them.

So, if you want more information or have any other questions, feel free to give me a call or send me an email. I look forward to hearing from you soon.
 

A Guide to Dealing With Multiple Offers on Your Home


If you’re a buyer, you want to receive multiple offers. Here’s what your next steps should be if you do get more than one.

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If you’re receiving multiple offers on your home or you anticipate receiving them, listen up. 

First of all, congratulations. This is exactly where you want to be as a seller. However, you still need to sift through each offer and determine which is best.

It’s not always the offer with the highest price. We have to take a look at the net price as well. If an offer is higher in price but has a lot of concessions, it won’t net you the most amount of money possible.


Price isn’t the only thing to look at.


It’s important to look at how the buyer is funding their purchase. Is it a cash offer? If not, they will have financing. What kind of financing is it? What kind of down payment are they offering up?

Other things you want to look at include the length of the inspection period, concessions like a home warranty, and the proposed closing date.

From there, we want to talk to each buyer’s lender to make sure they are ready to move forward with the transaction if chosen. In this market, it’s very common for buyers to offer more than the purchase price, knowing full well that the home won’t appraise and they will have an opportunity to renegotiate. 

If you have any questions for us or are dealing with multiple offers yourself, give us a call or send us an email. We look forward to hearing from you.