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Public open houses are a mainstay of the residential real estate business.
But, are they really necessary?
Recently a Piedmont, Calif., homeowner visited a few public open houses in her neighborhood before listing her home for sale. She was appalled at what she saw. The...
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Disclosure laws vary from one state to the next. But, there is a movement nationally to require sellers to disclose material facts that might effect the buyers' decision to buy or the price they might pay. Most after-closing claims by buyers against sellers involve...
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Buyers want their offers presented to the sellers as soon as possible. Sellers whose homes have been on the market for months are usually prepared to hear offers anytime. But, in some markets, sellers set a time schedule for listening to offers, and often they won't entertain...
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A lot of energy goes in to making an offer to buy a home. So it's a big let down if you lose out to another buyer in a multiple offer competition. It's also disheartening when a seller rejects your offer even though it was the only offer.
It's natural to feel discouraged,...
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When you make an offer on a home and you're in competition with other buyers, there are several possible outcomes. Your offer could be accepted or it could be rejected. The seller might counter your offer, in either primary position, or in a backup position. Or the seller...
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Interest rates are low and home prices aren't escalating at the rate they did a couple of years ago. In some areas, prices have even come down. The market has improved for buyers, particularly in high-priced housing markets like the San Francisco Bay Area where just two years...
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