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Transaction | pricing Blog

Saturday, April 27, 2019   /   by Connie Tracy

When Can You Move in After Closing?

From the very first time that you see your future home and throughout the negotiating process, you are most likely dreaming about the day you can move into it. You probably have been counting the seconds until closing day, planning all the ways you will decorate it and how your family will settle into your new home. Don't be fooled, not everyone is lucky enough to receive the keys to their new home immediately after closing. 

It is so important for your agent to communicate with the seller's agent. Find out the earliest you can occupy the home and if the sellers will need time to move out after the recording date. 

When is the actual move in date? The offer (purchase sale agreement) will determine not only your closing date but also your occupancy date.  When you write an offer on a home, the real estate agent will ask you to request a closing date as well as an occupancy date. The occupancy date will be the day that you move into your home. In some cases, the ...

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Saturday, April 27, 2019   /   by Connie Tracy

Why Should I Hire You as my Agent? PART 1

During the home-buying process, you will collaborate with and speak with your real estate agent more than any other party involved. This person will be your right hand, support system, and, in some cases, your eyes and ears. Most importantly, they will be the expert throughout the home search or home selling process. Find an agent that fits your needs and they'll work for you to find the ideal home at the price point you can afford. 

Not every agent is the same. Take a look at their history of homes sold in the past 6 months to a year. If they have just a few, then you know that this not their number one priority. They may work another job, which may not be in the best interest for you. 

There are typically two agents involved in a transaction. The agents are the buyer's agent who represents the buyer and buyer only. There is also the seller's agent who represents the seller and their property. Both agents work on a commission averaging 3% for each agent. This cos ...

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Saturday, April 27, 2019   /   by Connie Tracy

Why Should I Hire You as my Agent? PART 2

When choosing an agent, they should not only be good listeners, communicate, and be knowledgeable, they should EDUCATE, ADVOCATE, and NEGOTIATE for YOU!

Here are some tips to use while interviewing real estate agents for purchasing and selling homes:

Finding a Quality Agent:

Lender Suggestions: 

You have found a lender. Lenders interact with tons of agents over the years and can usually point buyers in the right direction towards professional agents that provide the BEST customer service and efficient documentation to the lender. TRUST your lender's opinion, especially if the lender is local.

Friends and Family:

Know any friends and family that have recently sold or purchased a home? ASK them for suggestions! They will probably give you the BEST review of an agent and the experience they had with them... whether it was good or bad. 

Check out Reviews:

How do buy online? We look at reviews! I know you are looking at Zillow, Realtor, and Trulia to ...

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Friday, April 26, 2019   /   by Pamela Glende

What is the buyer’s final walk through? What should a seller expect?

So, you’ve gone through the process of selling your home. All contingencies have been satisfied and the appraisal has been completed and your listing agent let’s you know that “we are clear to close”. Relief is what you are feeling, then your agent tells you the buyer needs to do their final walk through before signing for the home. The stress returns. It really doesn’t need to be stressful.
Here are some tips that will help you to be prepared:
1.       Make sure that you have completed all agreed upon repairs. Supply any receipts for work completed to your agent so she can get them to the buyer’s agent. During the final walk through the buyer will be checking that all agreed upon repairs have been completed. You have until 3 days before closing to complete these repairs. Make sure that if a licensed contractor was supposed to do the work, that you did indeed use a licensed contractor. Other repairs that didn’t s ...

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Thursday, April 25, 2019   /   by Pamela Glende

Yikes the appraisal for my home just came in low! Is the deal going to fall apart?

It is a strong seller’s market and homes are selling fast. Most homes if priced at market value or slightly below are receiving multiple offers. Currently we have just over a month’s worth of inventory. A balanced market is 5.5 months of inventory. There are more people looking to purchase a home than we have currently for sale on the market. The result is that there is bidding wars on homes.


So, what could happen when you choose an offer on your home which is much higher than market value? If the home doesn’t appraise at the agreed upon purchase price and the appraisal is lower, we have a problem.


These are the things that can be done.


1.You could lower the purchase price to the appraised value.


2. You and the purchaser could meet in the middle. Example the purchase price was $250,000. The home appraised at $240,000. You could reduce the purchase price to $245,000 and the buyer could bring $5,000 to closing from their own funds. Keep in mind tha ...

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Haven Real Estate Group
Cambria Henry
304 W Pacific Ave; Suite 360
Spokane, WA 99201
509-590-4701

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