The Red Zone. This dreaded zone runs (unofficially) between Halloween and Super Bowl Sunday. If you're trying to sell your home during this time, it can be frustrating. Fewer buyers are looking, which can lead to less competition and lower offers. On the other hand, trying to buy a home during the Red Zone can be a positive. You're competing with fewer buyers and sellers can be more flexible.
I just submitted an offer. It was accepted. NOW WHAT?!? Okay, relax. Your mix of exhilaration and anxiety is normal. Rest assured that you are protected, insulated, secure, and okay (for now, anyway...), providing you are working with a professional REALTOR®.
Escrow. I think I know what it is. Don't feel bad if you don't — it can be confusing. Here's why: you have your escrow period, your escrow officer, your escrow office, your escrow instructions, and probably a few other "escrows" floating around. So let's simplify it by defining key escrow terms.
If there's one universal truth in real estate, it's that no buyer ever wants to get into a "bidding war." As many of you know I've been in the real estate biz for 25 years, and never, ever, have I had a single client ask me to get them into a bidding war. Rather, I've been told "I want a great deal" about 100,000 times! Here is my advice about having a phobia of bidding wars.
If you're buying or selling a home, you'll most likely use a form called a "Residential Purchase Agreement" (RPA) from the California Association of Realtors. You'll sign or initial at the bottom of each of the ten pages. Two paragraphs, however, are only included in the agreement if both parties initial the paragraphs. These paragraphs are for Liquidated Damages and Arbitration of Disputes.
We wrote this content ourselves (it’s not syndicated!).
Sharing is not only allowed, it’s encouraged!
Any use of these blog posts without the express written consent of Listings by the Beach is prohibited.