All Posts Tagged With: "negotiation"
Who Pays Foreclosure Property Taxes?
When you purchase a foreclosed property, are you responsible for back taxes? The general answer largely depends on when you buy the property. “If the property was foreclosed and possessed by the bank, the bank will have to pay the back taxes to sell the property with clear title,” says RealtyTrac spokesman Daren Blomquist. “However, [...]
8Nov2011 | Peter G. Miller | 0 comments | Continued
Can We Get Back Our Deposit?
Question: We purchased a parcel of land on Friday. Two days later we decided to cancel the transaction. (buyers’ remorse). Can we get our deposit back? Answer: Maybe. You need to ask several questions. For instance: First, what does the agreement say? Does it have a rescission or cancellation period during which time you can [...]
18Nov2008 | Peter G. Miller | 0 comments | Continued
How Can We Delay Closing?
Question: We\’ve sold our home and are soon going to closing. However, because we have been unable to find a suitable replacement property we want to delay settlement while the buyers want to close on schedule. How can we delay closing? Answer: Imagine if closing is delayed by a month. Imagine also that the purchasers [...]
6Nov2008 | Peter G. Miller | 0 comments | Continued
10 Steps To Sell Your Home More Quickly In Stalled Markets
During the past year many markets have stalled if not declined. Still, if you’re an owner you want to maximize your profits whether the market is up, down or sideways. What to do? If you’re a seller there are 10 negotiating steps you can take to make sure your home has the best chance for [...]
19Sep2008 | Peter G. Miller | 0 comments | Continued
Option Versus First Refusal: What’s The Difference?
It’s been a good time to be a real estate owner in my community. During the past few months several would-be purchasers have approached with offers to buy property we own, even though the properties in question were not listed for sale. It’s flattering to have someone court you, check in hand, seeking your interest [...]
17Sep2008 | Peter G. Miller | 0 comments | Continued
Five Keys To Successful Negotiation
Whether you’re a buyer or a seller you want to succeed in the realty marketplace. That’s natural and reasonable, but what are the steps you need to triumph? Negotiation is a complex matter and all transactions are unique. Both sides — buyer and seller — want to feel that the outcome favors them, or at [...]
13Sep2008 | Peter G. Miller | 0 comments | Continued
Real Estate Escalator Clauses — When Is It Time To Hop On Board?
Is the housing market so hot in your community that bidding wars are breaking out? If yes, you’re likely to meet a little something called an “escalator” clause, a bit of contract writing that may help you win a home — but at a price. The way it works is that homes in Sellersville are [...]
7Sep2008 | Peter G. Miller | 0 comments | Continued
How Do I Bargain With A Builder?
Builders are merely sellers. Their prices and terms are negotiable to the extent that market forces favor negotiation. Thus, if a builder is having an easy time selling out a project the chance to negotiate (get better terms) is poor. If the builder is having problems, then price and terms are likely to be very [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
What’s A Contract?
In general terms, a “contract” in real estate is a written agreement accepted by both buyer and seller. A proposed contract is an “offer” until accepted by both parties. If an offer is not accepted by both parties, it’s perhaps nothing more than a good idea. There are whole libraries devoted to the subject of [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
Why Do Real Estate Brokers Have Escrow Accounts?
In terms of a real estate sales agreement, an “escrow” or trust account is typically an account operated by a real estate broker which is used to hold buyer deposits until closing. Example: Buyer Smith makes an offer to purchase a home. With the offer is a $10,000 deposit. That deposit is held by Broker [...]
29Aug2008 | Peter G. Miller | 0 comments | Continued
© Copyright 