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Jul 31, 2035
Can You Back Out of a Real Estate Deal?
By
Tara Crossley
Can you back out of a real estate deal? Sometimes you can. If there are contingencies in your contract, such as the very first one would be the inspection contingency, typically you'll have between a week and two weeks to inspect the home and pull out of this deal for any reason while still holding on to your deposit, however much your deposit was. The next contingency is gonna be your mortgage contingency. The financing is going to, or the sale rather, is gonna be contingent on you getting the financing. If the bank won't give you the financing, the deal falls apart and you get your deposit back.
Those are the two times typically end a real estate deal and get your deposit back. There's other ways to build contingencies into the contract. Now, in a market like this, pretty much every buyer knows the least amount of contingencies are probably gonna win you the contract to begin with, but there's other things that you can leverage. You can do inspections for buyer's purposes only and some other things.
I'm Tara Crossley. I'm happy to have a consultation with you anytime. My number's 860-943-4544.
May 8, 2024
How to Budget for Home Repairs.
By
Tara Crossley
When you are purchasing a property it is not important to pay attention to what you're pre-approved for. The most important thing is that you're comfortable with a monthly payment and your lender can definitely help you with that. But another consideration to factor in is if you're purchasing a home that needs any kind of work you need to budget for that. So you may be well under your pre-approval amount and comfortable with the payment but if you are gonna have to budget for a new roof, a new water heater, a new heating system like a furnace or a boiler, that's gonna be a big consideration for you.
So don't forget to factor those in. That's something your realtor can help you out with without a doubt for sure. I am not a contractor obviously by any means but I hear these prices constantly from contractors that I do work with. I also have a bench of professionals that can help you get estimates for any of these items and you just really want to make sure that when you do the math to purchase a property that it all works out including the renovation.
I'm Tara Crosley. I'm a realtor with He Real Estate Services and I'm happy to go over this with you anytime.
Apr 16, 2024
How to Price your Home Appropriately.
By
Tara Crossley
A lot of times people are resistant to meeting with a realtor even when they've been thinking about selling their house for a while because they think to themselves, I really don't want to do anything to my house. And that's okay. All you have to do is price it appropriately. So meet with me anyway, invite me out to your house. It's a very casual laid back first meeting. We just sit at your kitchen table and talk about your goals. And if you don't want to do anything, if you want to do no improvements to your home, we talk about how to leverage that with appropriate pricing.
And many times another concern of people is I can't afford to do anything for my home. I can also offer you ideas and solutions on where to pull the funds from to do minor home improvements or even major home improvements. Sometimes people hold off on getting a roof done because they don't know where to get that money from. Meet with me, call me, email me. We can go all of those things. All you have to do is ask.
I'm Tara Crossley. I'm a realtor with Key Real Estate Services.
Feel free to reach out to me anytime.