Don't like the terms of the offer you received on your home?
Send the buyer a counter offer!
You can Tell the buyer exactly what you need in order to make the deal happen.
Mortgage rates are now at a 7 year high
Home loan interest rates are only expected to go higher and higher.
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This factor, along with more housing inventory will, in my opinion, send us into a buyers market.
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Do you think a buyers market is coming?
Get your condo complex FHA approved before selling
Having your condo complex FHA approved will allow you to sell your unit to everyone... not just those with a 10% + down payment.
That's because FHA buyers can put as little as 3.5% down.
More competition creates a bidding war.
More money for you!
Next step after receiving a verbal offer on your home
Don't waste your time on a verbal offer.
If they are serious, they will put it in writing.
Have you ever received a verbal offer on your home?
What do condo buyers typically look for?
When selling your condo, here are the 3 things(😅 🚗 👕)buyers are looking out for:
😅 Central AC/heat
🚗 Two private side by side parking spots
👕 In unit washer and dryer.
If you have all three, you may have a condo that will demand multiple offers.
What are some comments you hear when showing a property?
What are some of the weirdest things you have heard home buyers say on a reality TV show or in real life? Let me know in the comments...
Paint the interior of your home for $5K, or be prepared to get offered $15K less
The dollar amount to paint your home may be a little different, but the fact remains that buyers always overestimate the costs of repairs.
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You are better off doing the paint job before you put your home on the market and getting top dollar for your home.
Never give the buyer of your home the keys until after you close escrow
Worst case scenario 🔥 🔥 🔥...
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You close escrow tomorrow on your home.
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The buyer politely asks if she can have the keys today so she can start to bring over a few personal items.
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You give her the keys.
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She shows up, forgets to turn off the stove after cooking a gooey grilled cheese sandwich, and the house ends up burning down.
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Guess what!
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Your house burned down, not hers!
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It's not her house until tomorrow, remember.
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She now backs out of the deal at the last second and you are now left with a pile of ashes.
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DON'T GIVE THE KEYS TO YOUR HOME TO THE NEW BUYER UNTIL AFTER ESCROW IS OFFICIALLY CLOSED AND THE TITLE OF THE PROPERTY IS IN THE NEW BUYERS NAME. 🔥 🔥 🔥
Episode 14 of The #AskDanielLosAngeles Show
In episode 14 of The #AskDanielLosAngeles Show, I answer the following 4 real estate questions:
1) The buyers asked if they could start moving in to my house the day before we close escrow. What do you think? Should we let them?
2) I talked to a couple of different real estate agents and they all had different opinions on what my home is worth. Who do I believe?
3) Do you have cash buyers? I want to sell my home fast, as is condition, and to a cash buyer.
4) I called 7 agents to help me find a house for rent. I received 0 calls back. why don’t real estate agents want to help me find a place to rent.
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Is being a real estate agent hard?
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