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 MoreSeller Guide: 3 Offer Negotiation Techniques that Work
By Home Bay
Posted on January 21st, 2016
Negotiating is often the most stressful part of a real estate transaction because it requires both parties to come to an agreement on what your property is worth. Use these proven negitiation tactics to take the stress out of the process. Before You Start: Technique #1: Sweeten the Deal With
Read More5 Effective Buyer Negotiation Tips for Home Sellers
By Home Bay
Posted on April 15th, 2016
One of the biggest hurdles sellers face is negotiating offers. The good news is, the process doesn’t have to be difficult. If you do your homework and list your home at a competitive yet lucrative price, it’s easy to determine whether an offer is too low or just
Read MoreEverything Home Sellers Need to Know About Earnest Money
By Home Bay
Posted on May 16th, 2016
If you’re like many sellers, you may be willing to take a little less money if you feel confident that your buyer is serious about purchasing your home. One way buyers can indicate just how serious they are is by offering earnest money. Let’s take a look at
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 MoreExperts Tell: How to Sell a House (Quickly) in a Seller's Market
Posted on June 24th, 2022
"Seller's market" isn't always code for easy. Learn from experts how to sell a house quickly in a seller's market!
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