Should I Waive a Home Inspection to buy a house
Quick Answer No waiving the inspection contingency could open yourself of to tens of thousands of dollars in repairs. Waiving an inspection contingency means that the buyer is agreeing to purchase the property without having a professional inspector come in and check the condition of the home. What Is a Home Inspection? A home inspection […]
What is Buy Box in Real Estate & how to use it
Quick Answer Refers to the criteria or parameters that real estate investors or buyers use to purchase potential properties. It is set of guidelines that define the characteristics of properties that a buyer is interested in. The buy box can include many factors depending on the investor’s strategy, price range, and personal preferences. You use […]
What to consider when making a lowball offer on a house
Quick Answer Sellers may be more likely to accept a lowball offer if they are in a hurry to sell the house or if they are motivated to move quickly. About 80% of sellers will negotiate on the price of their home. Buying a house can be extremely stressful, especially when you have to make […]
How you can find Market Value for a Home fast
Quick Answer Work with a local agent, run a CMA, Get a professional appraisal Or use online estimators as a starting point. Each method has different accuracy levels and costs. A Guide to Find Your Home’s Real Value 4 proven methods to determine what your property is worth 1 Comparative Market Analysis Analyzes recently sold […]
Exploring the Legalities of Dual Agency in Colorado
Quick Answer Dual agency is illegal in Colorado, even if the real estate broker discloses the relationship to the buyer and the seller in writing; it is against the law. Commission rule 6.7 states a broker and it’s agent may not enter into this relationship. But there are some situations where one broker and team […]
No Money? Here’s How to Buy a Foreclosed Home
Quick Facts Out of those who manage to secure a zero-down deal on a foreclosed property, roughly 25% finance renovations using low-interest loans or grants available through various housing initiatives Approximately 1 in every 10 foreclosed homes is sold with a down payment of less than 5%. (Source: RealtyTrac) To buy a foreclosed home with […]
Can You Really Sell Your House for $1
Quick Facts: Yes you can, and the most common reason for selling a house for $1 is to transfer the property to a family member. In some states, a homeowner may be able to sell a house for $1 to avoid paying transfer taxes. It can be used as a way to transfer a property […]
Why to Fire your Real Estate agent and how to write the letter
Making the decision to terminate your real estate agent contract can be a difficult one, but sometimes it is necessary for the success of your property transaction. Before we get started, always consult an attorney before you attempt to terminate a contract with a realtor. Download Sample Letter Termination Letter Reasons to Terminate a Relationship […]
How to Evaluate Offerpad’s Pros and Cons
Is the Phoenix Housing Market Going to Crash
Phoenix is no stranger to economic fluctuations and volatility. Investors flocked to Phoenix during the Great Recession, snapping up houses at attractive profit margins. It was one of the best cities in the country to pick up homes at great prices. In the 1st quarter of 2019 the median sales price of a home in Maricopa County […]