Understanding the Selling Process/Feeling a Bit More Comfortable… In my many years of real estate sales, I can honestly say that I’ve never heard a home seller exclaim that they enjoyed the process of marketing their home. It is a disruptive process to normal home life, with outsiders making judgments about good taste or…… Continue Reading
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The Importance Of A Carefully Chosen Price…
If we take a particular home that has just been listed for sale and introduce the property to a buyer relocating from, say, Chicago and to a second buyer from Mason City, Iowa, it is possible that one may see the home as a bargain and the other substantially overpriced. The “Bargain Buyer” in…… Continue Reading
Create A Positive Showing – You Get Only One Chance!
When agents tour your home with clients or preview by themselves, you only get one chance to make a good impression, so you want to make that visit count. Admittedly, even if your home is priced right and shows like a million dollars, the layout and/or amenities, and/or location may not fit certain buyers, and…… Continue Reading
We’ve Received An Offer On Our Home – Now What…?
INTRODUCTION: For home sellers, this message from their agent is welcome, at least most of the time. Nowadays, most offers to purchase are sent to me, your agent, via e-mail attachment and would need to contain an acceptable mortgage pre-approval letter for the buyer, a properly completed and signed purchase agreement, and, though not absolutely…… Continue Reading
Qualities of a Good Lender…
In a general sort of way, mortgages can be considered commodities having many of the boiler plate provisions the same across the board (the only exceptions, of course are the terms on the mortgage note and provisions contained in portfolio loans that are retained by lenders and not sold in the secondary market). To the…… Continue Reading
Cash From Seller at Closing???
At a real estate closing, both the buyer and the seller have costs associated with their respective sides of the transaction. In recent years the trend has been for buyers to ask sellers to contribute funds to help the former cover most or all of their closing costs and/or prepaid expenses – there is even…… Continue Reading
Radon Mitigation
Radon is an important issue here in Minnesota as I mentioned in my blog on the subject:http://johnchrisney.com/?p=742 The cost to install a radon mitigation system ranges between $500 to $2,000 , depending upon the home’s configuration, with a generalized average in my experience of around $1,400 or so. You can view a typical installation by…… Continue Reading
Radon Inspection
Over the last several years radon has become a well known and well publicized real estate related issue. As a result of this trend, testing for radon in homes has become a much more prevalent occurrence. You can include a provision for this test as a part of your overall home inspection. Some home inspectors…… Continue Reading
Fixed or Adjustable Rate Mortgage?
THE FEAR FACTOR… The housing meltdown of a few years ago was accompanied by horror story news headlines about “Unqualified Buyers”, “Risky Mortgage Products”, “Unprincipled Mortgage Bankers and/or Real Estate Agents”, “Disastrous Loan Products”, and the like. There was a certain amount of truth in all of these stories, and legislative steps were subsequently taken…… Continue Reading
What is Arbitration?
YOU DIDN’T TELL US…! WE DIDN’T KNOW…! WHAT ARE YOU GOING TO DO ABOUT…? The seller disclosure document stated that they never had water in the basement, yet after the first modest spring rain you found several puddles around the laundry tub; the seller stated that there were never any sort of infestations, yet…… Continue Reading