Why we insist on home inspection: Since 2020, our company has been swimming against the current when we insist that all our clients get home inspections. We are fiduciary agents; that means we need to give sound financial advice. It is not sound financial advice for a buyer’s agent to suggest that a buyer forego
This question comes up every summer, as leases are renegotiated for the upcoming year. Most leases in eastern Massachusetts turn over during the summer because the Boston metro area is highly influenced by the academic calendar. If you have an annual lease, the landlord can increase the rent at the end of the annual lease.
Recently, during the most competitive times in the seller-favoring real estate market, more sellers were asking for the right to stay in the home after the closing. This makes life much easier for the seller. Under typical circumstances, the seller and all their possessions must be out of the house before closing. The buyer walks
How is an Offer to Purchase like a love letter? When a buyer makes an Offer to Purchase, it should be clear and complete. It must give the seller the impression that you are a ready, willing, and able buyer. It should reassure the seller that you are organized, have solid financing, and that you
As a house hunter, you are under no obligation to tell your lender that you are pregnant or plan to be pregnant. Pregnancy is not a legal reason for a lender to deny you a mortgage, unless your income changes in a way that makes you no longer qualified for the mortgage. In 2008, when
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
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
Several times a year, my agents get feedback from the seller’s agent that our client’s offer was similar to another offer, but our clients got the house. Why? Because their letter identified them as the right people for the house. We have been able to tell the story of our clients--without demographic information that could
Real estate agents are prohibited from taking any of these discriminatory actions: Refuse to rent, sell, negotiate for housing Make housing unavailable or deny a dwelling Set different terms, conditions or privileges for sale or rental Provide different housing services or facilities Falsely deny that housing is available for inspection, sale or rental Make, print,
National Association of Realtors® Apologizes for Complicity in Discrimination Throughout the 20th Century, Realtors® opposed Fair Housing regulation and participated in discriminatory practices. Since the adoption of the Fair Housing Act (1968), the Association accepted that Fair Housing was the law of the land, required members to follow the law, provided classes to prepare members