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Making an Offer

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What is a Kick-Out Clause?

What is a Kick-Out Clause?What is a Kick-Out Clause? A kick-out clause is real estate jargon for a contract contingency. A contract contingency is a condition that must be met if the sale is to go through. It's also sometimes called a weasel clause because if the condition isn't met the party who benefits from the contingency can usually be released from the..

 

Sat Oct 12 2002
Views: 76


What is an Exclusion?

What is an Exclusion?What is an Exclusion? Suppose you're selling a home and you can't bear to part with the dining room chandelier that originally belonged to your grandmother. Since light fixtures are customarily included in a home sale, you would have to exclude grandmother's chandelier from the listing agreement and from the purchase contract, to avoid...

 

Sat Oct 12 2002
Views: 72


What is Involved in Making an Offer to Buy a Home?

What is Involved in Making an Offer to Buy a Home?What's Involved in Making an Offer to Buy a Home? Homebuyers who haven't bought or sold a home recently are often surprised by the complexity of today's purchase offers. Gone are the days of the one-page purchase contracts. Many of today's purchase offers are five pages long and some are much longer. Verbal offers to buy real estate aren't.

 

Sat Oct 12 2002
Views: 74


What is the Best Negotiation Strategy?

What is the Best Negotiation Strategy?What is the Best Negotiation Strategy? You should have a negotiation strategy. It should depend on the how well priced the property is for the market, how long the property has been on the market, and the state of the current real estate market. In a seller's market, where houses are selling quickly for the list price or more, you may want...

 

Sat Oct 12 2002
Views: 70


When Can I Make a Contingent Sale Offer?

When Can I Make a Contingent Sale Offer?When Can I Make a Contingent Sale Offer? The real estate industry has changed in so many ways in the past 30 years. There are new rules, new contracts, new disclosures; it's a whole new ballgame. In 1977, if you wanted to sell one house and buy another, it was a piece of cake. The real estate market was active after years in a slump....

 

Sat Oct 12 2002
Views: 85


When Should Termite Work Be Done?

When Should Termite Work Be Done?When Should Termite Work Be Done? Termite work is a generic term. It refers to repair work done in a home to correct infestation or damage from wood pest organisms such as dry rot, fungus, termites (of which there are various kinds), wood-boring beetles and carpenter ants, to name a few. Typically, buyers have homes inspected before they

 

Sat Oct 12 2002
Views: 78


Who Pays for Defects Found During Inspections?

Who Pays for Defects Found During Inspections?Who Pays for Defects Found During Inspections? Real estate purchase contracts usually include an inspection contingency to protect the buyers. The contingency, which typically runs for 10 to 14 days from acceptance of the contract, gives the buyers the right to have the property inspected to their satisfaction. Often defects are discovered...

 

Sat Oct 12 2002
Views: 80


Why Don't Buyers Make Offers on Over Priced Listings?

Why Don't Buyers Make Offers on Over Priced Listings?Why Don't Buyers Make Offers on Over Priced Listings? Sellers often wonder why buyers don't make offers. Some sellers find it hard to believe that the source of the problem is that their list price is too high. Buyers can make lower offers, right? They can, but in most cases serious buyers don't make offers on homes that are priced too...

 

Sat Oct 12 2002
Views: 78


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