COUNTER OFFER
A prospective buyer has made an offer for less than your asking price. You would sell for less than your original asking price but not as low as the current offer to buy. Now is the time for a counter offer.
As with an offer, the best way to make a counter offer is in writing, setting out exactly what your new terms are. Nothing of significance should be left out. This means in addition to the new
COMPANY AND MOVING EXPENSES
If you accept a new job or transfer to a new location, most companies, large and small, will pay your basic moving costs. Big companies generally have formal policies on what’s covered. Smaller companies will usually pay IF ASKED.
You have your best shot at full reimbursement if you talk about this problem before taking the job. The more eager the company is to have you, the more it will be willing
CHECKING AT DIFFERENT HOURS
The location of a home is a prime factor in any buying decision. If you’ve got your eye on a certain one, you’ve probably seen it many times. However, with an investment of that size, there are many things that should be checked and rechecked.
What time of day or night did you visit your prospective home? Was it always at about the same hour — at, say, 3pm? If that’s the case, we suggest that you mak
BEST AND WORST SCENARIOS
All lenders must now meet disclosure requirements for adjustable rate mortgages (ARMS). Among these are: An historical example of how the requested loan would have worked during the last 15 years; how to convert that example to the buyer’s own situation, and a worst-case illustration of how the loan could perform if rates go up through the roof.
The disclosure shows the consumer how to convert the
BE AWARE OF EASEMENTS
An easement is any right, privilege or benefit that one enjoys in the land of another. Examples are common driveways, overhead utility wires, and underground drainage lines installed and maintained by the town public works or water department. It may be a right- of-way granted through a neighbor’s property for a specific number of years. In general, an easement is the right of a person to use someone e
A REALTOR’S MANY HATS
The average person may wonder why real estate negotiations can be so intricate. The first reason that comes to mind is the matter of money. When one is dealing in six figure amounts, it’s not like going out to purchase clothing or an appliance.
Other reasons concern the various and differing areas involved. Realtors need a working knowledge in a wide range of subjects in order to serve their clients.
A FANTASTIC INVESTMENT
The best investment you can make is the roof over your head. Not only does Uncle Sam subsidize your investment with fantastic tax breaks, but you can invariably count on a gratifying profit when it comes time to sell. In recent years, some of those gains have been spectacular.
How does the government subsidize the home buyer? First, you might be able to get a federally backed mortgage through ‘the
1ST OFFER OFTEN BEST OFFER
Suppose you receive an excellent offer to buy your home just one week after it has been placed on the market. Because you know an under priced house sells quickly, you may be skeptical of a good offer which comes in promptly. It is human nature to argue that “If I received such a good offer after only one week, what would I get by waiting a while longer?” Maybe never another offer as good.
A true
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