offers & closing

Get expert tips and negotiation tactics that will help you navigate the offer and closing process like a seasoned expert!

What to expect when you're inspecting: a home inspection checklist

A home inspection is a professional, third-party inspection of a property that you intend to buy. During an inspection, the professional will evaluate the home from a structural and safety standpoint, as well as to ensure you’re buying a hazard-free, up-to-code property that’s a good investment of your dollars. Home inspections aren’t always required, but there are few cases where you’d want to forgo one. Use this home inspection checklist to learn more about the process

Read more

The seller’s disclosure form: everything you need to know

When you’re touring a home, you only see a property at its best. When organized, clean, and expertly staged, many homes can seem picture perfect. But what you’re not seeing? The past flooding, the repeated problems with plumbing and the rat infestation? Those are the things that will cost you in the end. That’s where a seller’s disclosure form comes in. Designed to give you insights into a home’s defects -- both past and present

Read more

What is an earnest money deposit?

When you find that perfect home, you’ll have more than just an offer price to hone in on. Before you can actually move in, you’ll also need to figure out your earnest money deposit as a part of your offer. It sounds confusing, but an earnest money deposit (often just called an EMD the real estate industry) is a move of good faith and essentially acts as a down payment on your down payment. You offer it to

Read more

If at first you don’t succeed: when your offer on a house gets rejected

Unfortunately, not every offer on a home is a winner, especially in competitive markets. But, that’s not to say that you should just sit back and wait for fate to take its course. If you’ve had bad luck with submitting offers and want to make sure that the next one you submit sticks, we’ve laid out some of our best tips to help you get noticed by sellers. Here’s how to stand out from the crowd

Read more

Closing on a home? Here’s 3 big mistakes to avoid.

Everyone makes mistakes. But, in real estate, sometimes the wrong move can mean the difference between becoming a homeowner and losing out on the property that was meant for you. With that in mind, we’ve brought you three surprisingly common closing mistakes to avoid when you’re about to buy a home. These are the things that trip buyers up most often and can cause huge problems in a transaction. Here’s what to consider when you’re going

Read more

Here's the 1 major 🔑 new homebuyers learned from their first rejection

While there's lots of things we can’t tell you -- such as when you should leave home to avoid standing traffic on the freeway or how long that avocado will actually last in your fridge (because, you know, avocados gonna avocado) -- we can provide some insight into one crucial pitfall many new homeowners wish they’d avoided before they experienced their first offer rejection during their homebuying process. While this should come as no surprise, rejection doesn’t

Read more

3 seller contingencies to look out for as a buyer 👀

Usually, when home sale contingencies are discussed, the conversation revolves around how the right clause can be used to give the buyer "an out" if their financing falls through or if inspection reports come back with a ton of red flags. However, there are also contingencies that offer home sellers an added layer of protection if the sale goes awry. With that in mind, here are some of the most common seller contingencies, as well as why they're

Read more

In the home stretch: what you need to know about house permits

Navigating the waters of building permits is no fun. As a buyer, it's crucial to know whether the home you’re purchasing includes permitted work. If not, it’s even more vital to figure out what risks you could face going forward and how you should go about remedying the issue. In an effort to help you sort this issue out once and for all, we took the liberty of answering some of your biggest permitting questions so you’ll

Read more

5 big considerations when negotiating a house offer

Buying a house is all about mastering the art of give-and-take. Many buyers think that the purchase price is the main negotiation point, but in reality, that’s only one piece of the offer. By learning where your major negotiation points are (and how to use them), you’ll have the advantage of being able to craft an offer that works in your favor while simultaneously seeming beneficial to the seller. Realistically, there are five big negotiation points to consider

Read more

Submitting an offer below asking price? Here's what you need to know.

Once you're serious about buying, deciding how much to offer on a house becomes one of the most pressing concerns. It’s hard to find the balance between trying to get a fair deal, writing an offer below asking, and actually getting the house. Luckily though, we’re here to help you sort this issue out. We’ll explain when a low-ball offer is appropriate, how to determine the right sale price, plus a few alternative ways to save. With

Read more

Getting cold feet: can you back out of buying a house?

You submitted an offer and it was accepted. Everything seems to be going your way, except for one major detail: you’re not sure if this house is actually the right one for you. Sound familiar? It happens. Buying a home is a big deal. Lots of buyers get cold feet when they go to buy a home, and some do end up walking away to explore other options. If you’re unsure of the next steps to take, this

Read more

Homebuyer how-to: writing an offer letter that will get you the house

Here's one of real estate's not-so-dirty secrets: Most of the time, accepting an offer is about so much more than the bottom line. These days, especially in competitive markets, buyers need to do whatever they can to make there offer stand out and feel little less transactional. One way that they can do that is by writing a killer offer letter. Whether you’ve been house hunting for a while or just started looking, read on for some tips and

Read more

11 Easy Ways to Drastically Reduce Your Closing Costs in 2018

When purchasing a home, it’s easy to just swallow or gloss over all of the various costs and fees that get lumped in. You shouldn’t! You have leverage to negotiate not just the purchase price of the home, but potentially tens of thousands of dollars in additional savings. And it’s easy to do when you understand each fee and how to go about reducing or removing it. Closing costs are roughly estimated to be between 2–5%

Read more