Found 3 blog entries tagged as Real estate contracts.

 

My girls love Mickey Mouse. But most of my clients are no-nonsense people and they don’t want to deal with Mickey Mouse buyers. 

In this area the number of homes that go under contract and then have the contract cancelled is at an all-time high. Last year we closed every home that went under contract. Only one cancelled but those buyers came back to buy the house so it was like getting divorced and marrying your ex again. 

One of the reasons our track record is so good is we don’t push our clients into bad deals. What you as a seller has to be careful about is 74% of real estate agents didn’t sell a home last year. You don’t want to hire an agent who needs you to sell your home more than you do. You’re likely to get pushed into accepting a…

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A record number of real estate contracts were canceled in July.

This year we had 2 contracts terminated, but in both cases, the buyers came back around and we put the deal together. I suppose that was like getting divorced, finding out you can’t do any better, and then getting re-married to your ex.

I’m going to consider us undefeated this year. Don’t jinx us!

Why are so many contracts being canceled? There are several reasons…

1. Buyers are taking in more and more information and getting advice from their family and friends.

  • I heard a story from a home seller that their home was under contract. Then the buyers’ parents came to visit and told the buyers they shouldn’t buy the home. The buyers cancelled the contract.
  • Given all the…

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I'm primarily a listing agent so I'm seeing buyers every weekend at our open houses. I'm also talking to agents and I'm seeing the offers that they put in every day. These are the four mistakes that I'm seeing buyers make in March of 2023.

Making Bad Offers

The first mistake I'm seeing is putting in “bad offers”. What I mean by that is a lot of buyers are out there and they're thinking they're going to make low offers. And you know what? A lot of sellers are actually negotiable right now.

Sellers are willing to come down on their price if they see that it's a good deal and you're a solid buyer. However, I've noticed that many buyers are submitting offers at a low price with unfavorable terms that are unrealistic to both myself as a listing…

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