Winter House Hunting

Who wants to buy a house in the winter? People who want to be in a house before the spring. People who hate the hoopla of the competitive spring market. People who want to save money. Since August, 2021, 4 Buyers Real Estate has been rocking it in the softer, less competitive market. I am

By |2021-11-28T11:24:19-05:00December 1st, 2021|Categories: buying process, House Hunting|Tags: , , , |

Why won’t my Realtor® tell me about whether there are children in this neighborhood?

All real estate licensees, not just Realtors®, are obligated to follow Fair Housing laws. That obligation includes not providing information that could be used to enable their clients to discriminate. Children are a protected class – protected against real estate discrimination. Children are protected under the general heading of “familial status” in National Fair Housing

By |2021-11-01T10:22:00-04:00November 3rd, 2021|Categories: buying process|Tags: , , , , |

What is a Use and Occupancy Agreement?

Question: The listing sheet says: “Seller requires Use and Occupancy until January 7, 2022.” What does that mean? A Use and Occupancy Agreement is a contract that allows a seller to stay in the property after closing. Although there are templates online, my advice is to have an attorney write or review any Use and

By |2021-10-19T19:44:49-04:00October 20th, 2021|Categories: buying process, Legal questions|Tags: , , |

What Does an Insurance Agent Do When You’re Buying a Home?

Single-family home buyers need to purchase homeowner’s insurance shortly before they close. Some have never bought any insurance before. If that is your situation, what do you need to know? What to be ready to pay before closing Short answer: You will pay 15 months of homeowner’s insurance by closing day. For houses, lenders will

Making Two Offers on the Same Weekend: Bad Ideas in Real Estate

I am starting a new series: Bad Ideas in Real Estate These are ideas that I hear, either socially or from prospects or clients, that do not work. They are usually “tricks” that someone picked up online, or heard from someone they know. I start this series with a tactic that crossed my path this

Real Estate Karma: 2021

I believe in real estate karma. Even in 2021, I am seeing good things happen for our clients. This year, sellers have the upper hand in negotiations, big time. This is the worst seller-favoring market I have ever seen. Even so, our clients are getting the right house for them. Many seller’s agents are acting

By |2021-06-23T12:03:12-04:00June 30th, 2021|Categories: buying process|Tags: , , , , |

FAQ for Spring Market 2021

How much over asking price should I offer, on average? This seems to be the number-one question. It is a terrible question based on terrible assumptions. Don’t assume that asking prices are based on Fair Market Value. In reality, asking prices are a made-up number intended to get the highest number of offers, so that

By |2021-05-16T15:09:11-04:00May 19th, 2021|Categories: buying process|

Follow the Money: Fees, Deposits, and Escrows When You Buy Real Estate

There are times during a real estate transaction when you will be required to spend money. Some are deposits, some are fees, and some are refundable. At offer: When you make an offer, you will provide a deposit check for $1000 or $5000, depending on your price range. That check is not cashed unless your

By |2021-05-09T11:54:24-04:00May 12th, 2021|Categories: buying process|Tags: , , , , , |

What is the Best Offer?

Whose interests are being served by rushing offers and accepting offers that close the fastest? Some of the time, the seller wants and needs a quick closing. Some of the time, the seller’s agent is advising their client to take the easy deal, and not necessarily the best deal. Cash offers As the market heated

By |2021-05-09T10:08:01-04:00May 5th, 2021|Categories: buying process|Tags: , , |