Category: Real Estate Negotiations
Mediation & Arbitration Clauses in a Real Estate Contract
By Home Bay
Posted on November 9th, 2014
In a real estate transaction, buyers and sellers are sometimes faced with an issue they cannot resolve on their own. Rather than litigate (i.e. go to court), the parties can agree to mediation or arbitration. These alternative methods of resolving issues are typically faster and less expensive for both parties, making them preferred options over litigation. The decision to use mediation and arbitration (vs. litigation) is written directly into the Offer to Purchase Real Estate. Mediation vs. A
Read MoreHome Seller's Guide to Reviewing California Real Estate Offers
By Home Bay
Posted on July 27th, 2016
Evaluating a California residential purchase agreement can seem daunting, but there are really just a few key things you need to take a look at to determine how to respond. Read on to learn what those things are and review your offers with confidence!You should focus on the following when you receive an offer: 1. Price: Remember, on average, home sellers believe their home is worth 8% more than it actually is - so keep that in mind as you evaluate the price. 2. Close of escr
Read MoreShould I Insist Buyers are Preapproved?
By Home Bay
Posted on July 27th, 2016
In short, yes.
Read MorePricing Your Home: Use Multiple Comps for Best Results
By Home Bay
Posted on August 1st, 2016
We often hear from home sellers that they will only accept an offer at $X+ price because their home is superior to another home in their neighborhood that just sold for $X.We caution such sellers to be very careful. Here's why. You can easily get tripped up by small data samples and decline offers you might otherwise accept. For example, we recently had a property in San Mateo listed at $599,000. Six to eight offers came in between $660,000 and $680,000. However, one offer was $740,000. The sel
Read MoreWhy Isn't My House Selling? How to Handle a Slow Home Sale
Posted on June 8th, 2022
If you're wondering, "Why isn't my house selling?" follow these helpful tips to guide you through a slow home sale. Learn how to fix potential mistakes and attract buyers.
Read MoreWho Pays for Title Insurance and What Is it for?
Posted on June 24th, 2022
Who pays for title insurance can depend on where you live. Read on to find out if you'll be paying this expensive closing cost.
Read MoreSeller Leaseback Agreements: What You Need to Know if You Need More Time
Posted on July 12th, 2022
In the seller leaseback agreement, the seller becomes a tenant and the buyer becomes a landlord for up to 60 days. Here's what you need to know about this contract stipulation.
Read More7 Types of Real Estate Ownership You Need to Know BEFORE You Sell
Posted on August 1st, 2022
When you list your home on the MLS, you have to state what type of ownership you have. Discover the two main types of real estate ownership and get detailed definitions for additional, less common types of ownership.
Read MoreWhat Does Convey Mean in Real Estate? Advice For Sellers
Posted on August 2nd, 2022
Wondering "what does convey mean in real estate?" This guide will help you decide what items to sell with your home, and what to keep.
Read MoreWhat Is the Liquidated Damage Clause in Real Estate?
Posted on August 18th, 2022
The liquidated damage clause protects home sellers from damages resulting from a buyer backing out in certain circumstances. Find out why it's a smart idea for sellers to include one in their real estate contract.
Read More
Page 1 of 2
Blog Topics
- Selling a House (205)
- Moving (106)
- Buying a House (99)
- Real Estate Investing (66)
- Preparing to Sell Your Home (48)
- Home Improvement (42)
- Listing Your Home (28)
- For Sale By Owner (27)
- Real Estate Negotiations (27)
- Investment Property (26)
- Mortgage (20)
- Homeowner Advice (19)
- Marketing Your Home (19)
- Closing on a House (16)
- Personal Finance (16)
- Escrow (15)
- House Flipping (14)
- Home Value (13)
- Home Showings (13)
- Home Inspection (10)