Tagged : eric peterson

Found 8 blog entries tagged as "eric peterson".

If you are like me whenever you are buying a product or service you want to know what guarantees you will receive and how you can cancel the agreement. For some reason when people are selling their home they don’t think about getting a guarantee. Perhaps it is because some people think the real estate market is so good that every home will sell quickly.

In reality, about once a week we receive a call from a person trying to sell their home. Their agent isn’t performing and the seller isn’t happy. Their home isn’t selling and it seems like promises were made by their agent and not kept.

The seller wants to hire us to sell their home but unfortunately in most cases the seller has signed an agreement with the agent that doesn’t allow for the

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If you can’t decide between selling your home now or waiting until next year let me give you a 3rd option…what’s called a delayed entry pocket listing.

We are contacted almost every day by buyers and other Realtors asking us what homes we have coming on the market soon. Often a buyer will see one of our homes that isn’t a good fit and ask us what we will be selling that would better work for their family. A pocket listing allows us to keep your home in mind in case someone contacts us that would be a good fit for your home.

What if we had a cash buyer for your home or someone with a flexible move in date? Would you be willing to sell now if they paid the price you want for your home?

A delayed entry pocket listing means we have an agreement

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If you can’t decide between selling your home now or waiting until next year let me give you a 3rd option…what’s called a delayed entry pocket listing.

We are contacted almost every day by buyers and other Realtors asking us what homes we have coming on the market soon. Often a buyer will see one of our homes that isn’t a good fit and ask us what we will be selling that would better work for their family. A pocket listing allows us to keep your home in mind in case someone contacts us that would be a good fit for your home.

What if we had a cash buyer for your home or someone with a flexible move in date? Would you be willing to sell now if they paid the price you want for your home?

A delayed entry pocket listing means we have an agreement

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Can You Sell Your Home In The Fall? You Can This Year!

Every year I keep track of trends and make notes to avoid making the same mistakes again. Last year I made a note that sellers needed to have their homes priced to sell by the end of July. Even though our market isn’t as seasonal as you might expect we can’t blame buyers for wanting to take a break and get out for a last summer vacation when it’s 105 degrees.

This year has been different. We have never seen the amount of traffic at our listings, the number of buyers visiting open houses and the offers from motivated buyers in Augusts as we did this year. Perhaps it’s simply supply and demand or buyers are motivated by the drop in interest rates this year. Whatever the reason, based on the

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Almost every time someone invites me to their home to talk about putting it on the market, they say they have a “friend in real estate” they are considering hiring as their listing agent. It’s not surprising; with 13,160 members of the Austin Board of Realtors everyone knows several Realtors. In fact, if you don’t have any friends in real estate, I’d be worried you didn’t have any friends.

As one of my friends says it’s called Show Business not Show Friends for a reason. Here are a few ways hiring your friend to sell your largest financial asset can cost you big money.

Understanding The Contract

Would you believe the average real estate agent may only sell 2-3 homes per year? This is why before you hire any agent you should ask how many homes

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Every year I keep track of trends and make notes to avoid making the same mistakes again. Last year I made a note that sellers needed to have their homes priced to sell by the end of July. Even though our market isn’t as seasonal as you might expect we can’t blame buyers for wanting to take a break and get out for a last summer vacation when it’s 105 degrees.

This year has been different. We have never seen the amount of traffic at our listings, the number of buyers visiting open houses and the offers from motivated buyers in Augusts as we did this year. Perhaps it’s simply supply and demand or buyers are motivated by the drop in interest rates this year. Whatever the reason, based on the number of buyers and agents calling us to ask about coming soon

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If the IRS considers you a “foreign person” and you are selling real estate your sale may be subject to FIRPTA withholding.

 

 FIRPTA is short for The Foreign Investment In Real Property Tax Act of 1980. FIRPTA is a tax law that imposes income tax on foreign persons when selling real estate. Read more about FIRPTA at the IRS website. https://www.irs.gov/individuals/international-taxpayers/firpta-withholding

This sounds scary and can be confusing to both sellers and buyers. Buyers can be especially frightened by the FIRPTA process because there are forms buyers have to sign that say the buyer is responsible for paying any taxes due if they are not collected at closing.

Many real estate agents do not understand FIRPTA and they do not ask

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If you are planning to sell your home but worried about having to move twice a leaseback may be a great option for you. Last year we helped 17 sellers negotiate a leaseback on their home so it is a process we are experienced with and can explain how it works in more detail regarding your particular situation.

A leaseback is where the seller of a home is allowed to remain in the property for a period of time after closing and is something that can be negotiated between the buyer and seller as part of a real estate contract. Not only is the option to have a leaseback negotiable but also the terms of the leaseback are negotiable.

To add a leaseback to your home sale there is a 2 page addendum attached to the standard contract. In the addendum the

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