Everyone knows that the home markets have been very busy. We have been saying for a while that if you have to sleep on it, you will never sleep in it. I have a quick cautionary tale that speaks to this.
Don't Drag Your Feet!
So you have a contract on your home. What's next you ask? There will probably now be a home inspection. The Buyer will hire a home inspection company to come in and give your home a thorough once over. They are looking for items that don't work, and should. Of most interest to them will be safety issues and large systems where repairs could be costly.
The Holidays are coming! Keep them safe.
As I sit here and write this post this morning, I can hear a firetruck of in the distance, racing to help someone in need. That someone is probably starting the day off in a particularly bad fashion. I think the Holidays can produce many bad days if we are not careful.
Legal Extortion by HOA's
For several years agents have been talking about HOA letters. These are produced by Home Owner Associations to show that a seller in the community is up to date on their Home Owner Dues. The current contracts call for the owner to pay these fees before closing. It was not always that way.
Make it go away!
I have been getting my rental property ready for sale over the past month so I have been really looking it over to see what needs to be done. The other day as I was walking through, I noticed several scrapes and scratches on the walls and molding. Ugh, I guess I will need to paint. Then a miracle happened.
Time is of the Essence
Here in Georgia, in our contracts for Real Estate, we have a clause that states time is of the essence. What exactly does this mean? We all know time is important, but why is it "of the essence"?
Pre-Closing Walk through(s)
You are almost there! The home that you are about to purchase, the one with the white picket fence, is almost yours. You have negotiated a good and fair price and the seller has agreed to fix up a few things that your home inspector found. You are now ready to go to the closing table, right? Not quite yet.
Nickles & Dimes
Some of the things that tend to get under my skin are negotiations that get down to the nickles and dimes. For instance, a Buyer and Seller arguing over a $50 rug, or a small $100 mirror, or who gets an ancient DVD player. Ugh.
Were you ever in detention? Or lived next to it?
Many neighborhoods in this area have what we call detention or retention ponds. They help deal with the rain water runoff from the storm drains. Usually they are set aside in the back of the subdivision, silently doing their important work. Occasionally they happen to be next door to a home.
Paint the town red! Just not your house.
Paint. By far the easiest thing to do to spruce up your home and the best bang for your buck. I was in a home this weekend and every wall corner had been scraped clean of paint. I guess kids dragged their hands around the corners or something, but this could have been fixed with a bit of paint.
So what about my rugs?
Rugs. We are not discussing the type that sit on ones head today. We are looking at the type that sit on the floor. The occasional rugs scattered around the house. The runners down the hallway. The nice rug at the front door or under the dining room table or in the master bath.
Take those pictures down! NOT!
For years the conventional wisdom has been for Sellers to take down and pack away all their family pictures. The thought was that this would help enable potential Buyers "Picture" themselves living in the home without the distraction of someone else's stuff. To this day I get asked by Sellers whether or not they should remove their family pictures.
Your front door. Have you looked at it recently? Does it get baked by the sun and pounded by the weather? I will bet you that it does. Go take a look right now...I can wait.