Can a Buyer Back Out Of Purchasing My Home?

Can a buyer back out of a purchase for my home.

Often sellers think they are on easy street once an offer is signed and escrow money is in the bank. Simply put, it's not over till the fat lady sings!! There is always risk involved when a seller takes their home off the market for a buyer. While you have done everything possible to put a good transaction together, things happen that can prevent your buyer from closing. It is not over until the closing is complete and the deed is recorded. Can A Buyer Back Out of Purchasing … Continue reading...

Understanding Fair Market Value in Real Estate

understanding fari market value in real estate

At the crux of every real estate transaction underlies fair market value. Of course a buyer wants a great deal on a home, and of course a seller wants the most amount of money they can get for their home. But, att the end of the day most homes sold through the a real estate agent in the Multiple Listing Service will sell for fair market value. Definition of Fair Market Value in Real Estate Fair market value is defined as the most probable selling price for a specific property … Continue reading...

Denying Home Showings. What is it costing you?

Denying home showings can cost you dearly. It can cost you obtaining the highest selling price for your home or even worse... it can prevent the sale of your home. Every listing I take, I have a discussion with the home owner how important it is to allow as many showings as possible to occur. Of course they always are on board and say no problem. Well I recently had such a homeowner. I won't go into personal details but he needed to get his house sold, … Continue reading...

Home Marketing- Your Homes Online Image

How you market your home is an essential piece in selling your home in today's real estate market. Home Marketing covers what I call the 3p's, Preparation, Pricing and Presentation. Today's article will cover a narrow piece of home marketing covered under presentation and that is your home's online image. It is a real estate agents job, to present your home to the buying public to compel them to want to see your home and ultimately want to write an offer. Home sellers need to realize many … Continue reading...

Showing Your Home- Is your agent hindering showings?

Showing your home leads to offers. I think that it goes without saying, that in most cases, the more showings you receive on your home the more likely you are to receive an offer. With that said, I write this post out of a little frustration. Last Saturday, I tried to schedule 7 showings in Haverhill, Massachusetts. It was like pulling teeth to schedule the showings. I had to contact the listing agents directly on 5 of the homes and 2 I had to contact the agency. The 2 agency showings … Continue reading...

What Makes a Successful Home Sale- Haverhill Massachusetts

I just closed on 3 Greenhill Farm Road in Haverhill. The sellers of this condominium unit approached me back in early March to discuss the sale of their condominium. One of the things that made this sale successful was that they contacted me months before they were ready to list their home for sale. At the first meeting we talked about a pricing strategy and what we needed to do to prepare their home for the market place. We spent hours over the next couple of months discussing the … Continue reading...

Show your home!!

It seems silly I have to say this, yet it happens all the time!! Clients find a home they would like to view and the sellers do not accomodate showings. You cannot sell your home if you do not allow home buyers to view it. I recently had a client, there house was underagreement, they were ready to close in 45 days. My clients were out to buy a house!! We looked at 32 houses and about 5 houses they were interested in, we did not gain entry into. Agents did not call us back, sellers said … Continue reading...

Stop the Rumors!! 3.8% Transfer Tax on Sale of a Home- The whole truth

As a local real estate agent here in Tewksbury Massachusetts, I have been approached by many clients, friends and acquaintances about the 3.8% Transfer Tax on the sale of a home. They are in a panic thinking they should sell thier home before the tax is enacted Relax!! This is not an across the board tax to everyone who sells their home. Fact: There is Health Care Legislation that created a new tax that would only apply to a portion of a gain on the sale of any capital asset (this … Continue reading...

Control- Sellers What Can and Can’t You Control? Home Seller Advice

What can Massachusetts Home Sellers Control?

Are you a home seller getting ready to put your home on the market? It is important to know what you can and can't control during the home selling process. There are plenty of aspects of the home selling process you can control. But realize there are just as many that you can't. I recently had a home seller in Andover MA who had a hard time understanding that up to a certain point you have no control how a buyer perceives your home. There are … Continue reading...

Curb Appeal- How Important is it?

Definition of Curb Appeal from the Merriam-Webster Dictionary Curb Appeal: the visual attractiveness of a house as seen from the street We hear about curb appeal all the time. But as a potential home seller have you ever taken the time to understand the impact has on the sale of your home? Ok, so we think about how attractive your home is to potential home buyers from the street. Yeah sounds good.... but this is the first impression a home buyer has of your home. As … Continue reading...