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California Real Estate: "Bubble" or the World's Greatest Bargain?
A day doesn't pass when a self-anointed talking head doesn't make solemn noises of "California Real Estate bubble".
I'm a hands on Realtor in Pleasanton, California, San Ramon, and Danville. We are the epicenter of paradise, 20 minutes east...
How To Decide On Upgrades To Make Before You Sell Your Home
Making decisions about improvements to your home is pretty simple if those improvements are meant to improve the quality of life for yourself and your family. You simply invest your money in those things that will mean the most to you. However,...
Part II: Home Buyer Terms and Definitions
Balloon - A loan which has a series of monthly payments (often for 5 years or less) with the remaining balance due in a large lump sum payment at the end.
Binder - A receipt for a deposit paid to secure the right to purchase a home at...
Real Estate: Financial Considerations $$$
Raw land as opposed to improved property is much more difficult to finance through traditional lenders. The main reasons are that it generates very little income, development costs can be expensive, there are no buildings or improvements that...
Why Good Houses Don't Sell?
When a house doesn't sell as quickly as expected, it's easy (for the owner anyway) to lay the blame on a soft real estate market, or a lousy selling season. After all, neither of those things are the seller’s faults, nor under the seller's control....
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Home Sellers: A Warning About Attachments
Before you list you home for sale, determine what you don't want to leave behind.
Our friends sold their home for full price and moved out a few days before closing.
The next day they received an angry call from the selling agent telling them that they had to bring a mirror back before the sale would close. When the home buyers did their final walk through, they refused to make their down payment because a large mirror had been taken down.
This mirror, an antique family heirloom, was never considered by the sellers as part of the sale. The seller refused to give her grandmother's mirror back.
However, their sales contract, a standard Home Purchase Contract with Terms and Conditions, included all attachments. The mirror was considered by the buyers and their agent as part of the sale. The mirror did not hang like a painting on a nail. The heavy mirror had been screwed into the wall with the screw heads covered with fancy wooden circles cut to match the wood frame.
The buyers refused to budge. Our friends refused to budge protesting that their listing agent knew the mirror had belonged to the seller's grandmother. (Their agent was a family
member.) The sellers pointed out that their agent should have told them that the mirror was considered "attached." After three days of quibbling and negotiations, the listing agent agreed to forfeit $3,000 of her commission and the sellers dropped the price by $2,000.
Decide what goes to your next home and what you agree to leave behind, before you offer your home for sale. Take down any attachments that you don't want to part with, such as any item screwed into a wall or a light fixture permanently wired. What a home buyer doesn't see, they won't expect to buy with your home.
Copyright © 2005 Jeanette J. Fisher. All rights reserved.
About the Author: Jeanette Fisher teaches real estate investing and interior design college courses. She is the author of "Sell Your Home for Top Dollar--FAST! Design Psychology for Redesign and Home Staging" and other books. For a free report, "Design Psychology for Selling Houses," visit http://sellfast.info
Source: www.isnare.com
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