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The Earnest Money Deposit
Most offers to buy a house are accompanied by a check. This check is generally referred to as the "earnest money deposit." The basic reason for the deposit is to impress the seller that the buyer "earnestly" intends to purchase the property.
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Flowers Add Quick Curb Appeal and Value
Even if you have a black thumb or hate to deal with gardening, colorful flowers can create a positive emotional impact on homebuyers and visitors to your home. They are inexpensive and easy, immediately enhancing your home's "curb appeal."
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The "Real" Role of a Listing Agent
Your first exposure to a real estate agent was probably when you bought your home. Based on those experiences, you formed a generalized impression about exactly what it is that agents do. When it comes time to sell your house, you probably expect your listing agent to do the same things that your agent did when you were looking to buy a home.
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The Multiple Listing Service
MLS stands for Multiple Listing Service.
Basically, the MLS is a big property warehouse - sort of like a "home depot." When property is available for sale, it goes in the warehouse. When it is sold, it gets taken out of the warehouse.
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Preventing Lawsuits - Homeowners Warranty
When a seller inks a deal with a buyer, the buyer expects the utilities and major household appliances to work.
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When Market Value Outpaces Appraised Value
A home's market value is the perception of the buyer.
Sometimes, most often in a situation with multiple buyers, offers will be made that exceed the listing price. Buyers fall in love with a house so much that they are willing to risk that it might not appraise at the purchase price.
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Real Property vs. Personal Property
When selling or buying a home, you need to think ahead about what you are actually selling along with the property and the house.
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