Explain The Offer To Purchase!
September 25, 2018
THE OTP The “Offer To Purchase And Contract” (Standard Form 2-T, aka OTP, dated 7/2018) is 13 pages long and updates tend to happen on an annual basis. Old timers in the real estate industry remember when the contract was 1 page! So let’s take a look at some of the “finer” points of the contract. I say “finer” points because I am not going to discu...
Chuck PetersonWhy Hasn’t My Home Sold?
September 16, 2018
Thank goodness it’s extremely rare for us to get this question as practically every home we list, sells.And on those rare occasions when we do get this question, it’s because the seller cannot afford to sell their home at market value and the seller knew this before we listed the home as we had set the expectations up front. Then why did we take th...
Chuck PetersonC’MON, BIG MONEY!
December 19, 2016
You’d think you’d hear the above mantra at a casino craps table rather than at a listing meeting prior to marketing a seller’s home. “C’mon Big Money, Big Money, let’s go, $220,000! (dice fly in the air)”. Well I’ve got some news for you, listing at that price when the probable selling price is $40,000 less, is, more or less, gambling. And you’re g...
Chuck PetersonAnother Multiple Offer Situation!
December 15, 2016
WERE THERE REALLY MULTIPLE OFFERS? Mr. and Mrs. Buyer have looked at about a dozen homes over several months and finally settled on one that had been on the market for a while and has had two price reductions. The property met their needs well: plenty of acreage, a decent kitchen, a basement, one floor living, and a wood-burning fireplace. They wer...
Chuck PetersonWhy Do Agents Always Want Me To Sign Something?
December 15, 2016
This blog is more directed towards buyers as opposed to sellers. After all, sellers must sign a listing agreement with a firm before their home is put on the market. Buyers Visiting Homes Buyers on the other hand, start their home search, probably online, and then venture out to view homes of interest in-person. Inevitably, the buyer will need to c...
Chuck Peterson