Rona Fischman reporting The home inspection contingency is in the Offer to Purchase contract to protect buyers from purchasing a house with major unknown defects. The phrasing on the contract allows the buyer to cancel the contract (walk away) if there is more than $X in structural, mechanical or other defects. I put $1000 in
Reprinted, with additions, from Boston.com Real Estate Now (April 2009.)* Rona Fischman wrote: Em3's comment is from March 30, 2009 chat: em3’s comment: as buyers, we are refusing to pay top dollar for homes that aren't worth it, (i.e. house needs gut job, rehab, school system is only ok, etc.) What if we see a
Friends, Broker, Homesellers: lend me your house. by Ron Rothenberg, 4 Buyers Real Estate Usually the buyers I work for have a bit of time. If we can't see a house one day, we'll see it the next, though frequently we just move on and never see the houses that were unavailable on the first
By Rona Fischman The national seller’s market doesn’t mean a thing to buyers who have been picking through leftovers for the past four months. To the buyers who I saw swarming open houses, I say “Just Say ‘No’ to Bidding Wars.” Or if you are saying ‘yes,’ to a bidding war, know what you are
I believe in real estate karma. Do you? I have seen it over and over. Here is the happy ending to a hard house-hunt: The home was a small Colonial on a quiet street. It was being sold by an elderly woman, with the help of her children. My buyers found out that they were