|
|
Debt Settlement -- Why The Critics Are Wrong
After October 17, 2005, a lot of people are going to become interested in debt settlement as an alternative to bankruptcy. That's the date the new bankruptcy law goes into effect, and it means a rude awakening for many consumers seeking a fresh...
Negotiation Tips For Newbies.
Experienced negotiators are a hard thing to find these days. Although it’s not easy to become a professional negotiator since it requires knowledge and experience, anyone can be a better negotiator in every field of our lives. Some rules must be...
Selling Your Home – What Can Go Wrong With Pricing and Loans
So, you’re selling your home (house, townhouse, condo, apartment, land, lot, farm, ranch, etc.), what can go wrong? The sad fact is that a lot of things can go wrong. However, don’t despair, there are almost as many solutions as problems. In this...
The importance of WTO
The WTO was established in 1995 as a result of the Uruguay Round of multilateral trade negotiations (1986-1994). It is an international organization that sets global rules of trade between nations. The core of the WTO system, referred to as the...
Why You Need a Realtor to Sell your Home
Why you Need a Realtor to Sell Your Home
As you consider selling your home, you might be thinking "Why do
I need a Realtor, what value does a Sellers Agent provide to
me?"
Here are five areas where a licensed Realtor can help...
|
|
|
|
|
|
|
|
Home Inspections - Before Signing the Contract
Home Inspections - Resale Homes
The purchase of a home is for most people, the single largest
financial transaction they will make in their lifetime. When
purchasing a resale home, the home inspection process is vitally
important. Done thoroughly, it will identify items typically
deemed cosmetic, minor issues and potentially major problems
that should be considered before going forward with a purchase.
First and foremost, the time to fully consider home inspection
on a resale home purchase is before signing a sales and purchase
contract for the home. Whether using a licensed realtor or
purchasing directly from an owner, a written contract is
normally required. Within the contract, there is usually a
section specifically devoted to home inspection, financial
limits established in either absolute dollar terms or as a
percentage of purchase price. While printed and seemingly fixed,
they are subject to negotiation via an amendment to the
contract. They are meant to protect both the buyer and seller.
The buyer wishes to protect themselves from costly repairs and
the seller wishes to protect themselves from buyers requesting
repairs or replacements without regard to cost.
Once you have found the home of your dreams and before sitting
down to write a contract, do your own personal inspection
preferably with the help of your realtor and without the owner
present if possible. Set aside 30 to 60 minutes to walk through
the house and bring a notepad. Inspecting a vacant house is far
easier and quicker than a fully furnished home crammed with
belongings.
What to look for? Firstly bring your critical eye and if not
part of your nature, try to arrange someone to accompany you
that do have an eye for quality and faults. First time home
buyers are typically at a disadvantage as they just don't know
where to even start or may minimize the magnitude of home
construction problems. Prideful, they may not want to ask their
parents for help or anyone else. However putting pride aside may
help avoid a very costly mistake downstream!
The kitchen...check for leaks under the sink; look at the
caulking around the sink and back splash; check all cabinet
doors and drawers for alignment/damage; open the dishwasher and
check for leaks and general condition; open the refrigerator and
check for general condition; check kitchen windows for fogging
and check window screens for tears or misalignment; check
flooring for broken tiles and/or cracked vinyl.
The bathrooms...check for leaks under sinks; check for caulking
around sink and back splash; check the shower/tub tile grouting
for cracks and broken tiles; check floor for cracked tiles or
lifted vinyl; check exhaust fans for excessive noise;
Other rooms...check the condition of the carpeting or flooring
looking for stains and/or damage; check for windows for fogging
and screens needing repair/replacement; check the walls for nail
pops and/or damage. Check the condition of fireplaces and wood
stoves.
Heating/Air Conditioning...check the vents in each room for any
condensation stains, check the general
condition and age of the
furnace or heat pump equipment inside and outside units; check
the general condition and age of the hot water heater.
Exterior...check the age and general condition of the roof tiles
or shingles looking for damage or material breakdown; check the
condition of eaves and overhangs; check the condition of rain
spouts and gutters; check the condition of exterior walls for
cracks in stucco, damage to vinyl siding or siding
irregularities; check for any broken windows or screen damage;
check sliding glass doors and screens for damage; check
condition of driveway for cracks; check condition of sidewalks
for cracks;
Landscape...check general condition of lawn/sod; check for
presence of lawn irrigation system; check trees for general
health; check fencing for needed repairs; check for any drainage
problems; check for overgrown landscaping; tree overhangs etc.
Having done your "homework" now what? Armed with your notes, you
can sit down with your realtor and consider your cursory
findings and make a determination of the severity of what has
been found and approximate the cost to repair and/or replace
deficient items. While the homebuyer may lack experience to make
an estimate, when working with a seasoned realtor, they will or
will know where to go to get the answer.
The next step will be to divide your list into cosmetic and low
cost to repair items generally under $200; more costly
repairs/replacements generally over $500 and major
repairs/replacements generally over $1,000. With these
estimates, you can now consider what you want the seller to
repair and/or replace and place an amount into the contract for
repairs/replacement. Within an addendum, you can specify items
to be repaired/replaced both within the estimate and/or as part
of the purchase price.
Your realtor can now incorporate the repair items/costs into the
contract to be presented to the seller to accept, counter-offer
or decline. The contract should already have a home inspection
clause with provisions for a professional home inspection and
causes of action depending on the home inspection report. The
contract should also incorporate a clause that allows for
voiding the contract if the home inspection findings are
unacceptable to the buyer or the seller is unwilling or unable
to make necessary repairs or replacements. Once a contract is
accepted, then obtaining a home inspection by a reputable
inspector or Professional Engineer is the next step. Once the
report is received from the Home Inspector, findings will be
provided to the seller along with a written request for items
requiring repairs/replacement. Remember, at this stage, the
outcome will be determined by the wording and provisions already
incorporated in the contract.
About the author:
Carol Lorenc & Richard Lorenc (http://www.homeinstaugustine.com)
sell condos and single-family homes for Watson Realty Corp., and
live in St. Augustine, Florida. The Lorenc's have lived and
worked around the world in Asia, Europe and Latin America and
specialize in working with foreign real estate buyers.
|
|
|
|
|
Negotiation - Wikipedia, the free encyclopedia |
The first step in negotiation is to determine whether the situation is in fact a negotiation ... The book's approach, referred to as Principled Negotiation, ... |
en.wikipedia.org |
  |
Negotiation Seminars Negotiation Training Negotiations Consultants ... |
Negotiation and alternative dispute resolution seminars, negotiation training and video presentations with available keynote speakers. |
www.negotiation.com |
  |
Program on Negotiation at Harvard Law School |
Negotiation training, research, and publications from the world's foremost authority on negotiation and dispute resolution. |
www.pon.harvard.edu |
  |
PON: Harvard Negotiations Project |
Please visit the Harvard Negotiation Project website for complete information and ... The Harvard Negotiation Project's mission is to improve the theory, ... |
www.pon.harvard.edu |
  |
The Negotiation Skills Company, Inc. |
www.negotiationskills.com/ - 3k - Cached - Similar pages |
|
  |
Global Trade Negotiations Home Page |
The Global Trade Negotiations Home Page at the Center for International Development at Harvard University - a centralized information resource on global ... |
www.cid.harvard.edu |
  |
Principled Negotiation |
Principled negotiation is the name given to the interest-based approach to negotiation set out in the best-known conflict resolution book, Getting to Yes, ... |
www.colorado.edu |
  |
Salary Negotiation and Job Offer Tutorial |
Job-seekers: Learn the basics (and advanced techniques) of the art and strategy of salary negotiation (getting the salary you want) in this tutorial. |
www.quintcareers.com |
  |
Salary Negotiation and Job Offer Tutorial -- Map of the Tutorial |
Site map to an expert (and free) tutorial on the art and strategy of salary and job offer negotiation. A guide to assist every job-seeker with salaries. |
www.quintcareers.com |
  |
Win-Win Negotiation - How to reach a fair compromise - Negotiating ... |
This article and free worksheet help you negotiate fair compromises with people whose goodwill you need. It highlights the importance of good negotiation ... |
www.mindtools.com |
  |
negotiation journal |
www.springerlink.com/link.asp?id=102591 - Similar pages |
|
  |
Apache Content Negotiation |
Apache's support for content negotiation has been updated to meet the ... Apache 1.2 supports 'server driven' content negotiation, as defined in the ... |
httpd.apache.org |
  |
JobStar--Salary Negotiation Strategies |
JobStar is a public library sponsored guide to information for the job search. Sections useful for California are: 1500 job hotlines, calendar of job and ... |
jobstar.org |
  |
Eric C. Gould's Negotiation Site |
Subscribe to newsletter with negotiating tips and techniques. |
www.batna.com |
  |
free negotiation training for sales, debt, contract, salary ... |
Free negotiation skills training for sales, contracts, debt, salary and contracts, negotiating with creditors, negotiation skills and techniques, ... |
www.businessballs.com |
  |
Monster.com: The Negotiation Coach |
Salary Negotiation Advice from HR Managers · Negotiating Your Future Salary Today · Overlooking Their Interests -- A Big Mistake in Salary Negotiations ... |
midcareer.monster.com |
  |
Negotiation Articles |
Negotiation articles for the busy entrepreneur written by a diverse group of experts, speakers, professionals, consultants, and marketing companies. |
www.pertinent.com |
  |
CareerJournal | Negotiating Tips - Salary Negotiation Tips ... |
Salary Negotiation Tips - When it's time to negotiate salary changes, trust Career Journal to give you the best and most current career salary information. |
www.careerjournal.com |
  |
PON Clearinghouse |
Welcome to the Program on Negotiation Clearinghouse, a resource center for people interested in learning and teaching about negotiation and alternative ... |
www.pon.org |
  |
:: Negotiations Affairs Department :: |
Information on the issues, history, developments and positions regarding Palestinian-Israeli peace negotiations. |
www.nad-plo.org |
  |
|