Whenever sellers ask, 'Should I tell them about....' my immediate response is disclose, disclose, disclose. Sellers are required to tell buyers of any known material defects about a home. Such as a leaking roof, pest infestation, water damage, drainage issues, boundary disputes, environmental issues, etc.... Putting it in writing and having all parties acknowledge it with signatures is the most advantageous way to guarantee proof items were disclosed. Most state real estate commissions have seller disclosure forms that assist sellers in ensuring all items of concern under the law are fully disclosed.
Periodically, you'll hear old school real estate terms such as 'Kick Out Clause' or 'Texas Shoot Out.' These clauses got their nicknames because one party isn't going to like the outcome in most real estate agreements. Typically, they create an emotional and financial ride one party won't benefit from and can be ugly. Thus, before you agree to have one put in your contract fully understand what they mean and don't hesitate to get legal advice.
What doesn't work.
Home staging has come about as a result of sellers competing in a merciless buyer's market. It's no longer about baking cookies right before a showing or just keeping the grass mowed. It focuses on preparing and transforming a home into an environment appealing to the mass majority of buyers. With the right Realtor marketing, intelligent list pricing and staging, a seller can just about guarantee shorter days on market which translates into more money for the seller.
It is not unusual for a buyer and seller want to include personal property in their real estate contract. Personal property being included is far more complicated than the average buyer, seller and in a lot cases agents understand. Most especially when the buyer is getting a loan to buy the real estate.
First, a seller has every legal right to be present during a home buyer's inspection and in certain situations it might be necessitated by highly unusual factors. However, I'm discussing that in most cases it is not necessary and in my experience does more harm than good. This post is based on the assumption that both buyer and seller are represented by state licensed real estate agents and the buyer is using a state licensed home inspector.
I'm going to keep this one short, because sometimes less is more. Please click play to begin.
I've tried to capture the essance of what this song is saying for many years, through many consultations with buyers and sellers trying to get them to understand the importance of a home. Yet, once again, someone else said it so much better than I ever could. I've written a post about house's making such great memories and I wrote another post trying to help with a buyer's understanding where a seller's heart is when approaching negotiations. I consistently warn seller's during listing consultations to be prepared for moving week, because the feelings and memories can be overwhelming when you're leaving your home. Little did I know, I would hear this song, for the first time today, that would so elegantly put all my thoughts and feelings about home ownership to music. A month ago I said, 'good bye' to my child hood homestead of 40 years and I am writing this a week before I visit my home away from home after the loss of my 95 year old grandmother. I know what it means to have a home that built me, and I've owned homes that are me. There is a lot more to real estate than a financial investment. First and foremost you should own a home and understand what it means to 'have a house that built me.' For wonderful vivid pictures of homes and memories that built us check out: Dearphotograph.com.