Earnest Money. The Difference Maker.
There is one answer to the two most often asked questions by home buyers and sellers. The questions are: Will I get the earnest money back? Can I keep the earnest money? The answer: Maybe. This article is not an attempt to explain Wisconsin Earnest Money Law. Google...
Class Action Commission Lawsuit Proceeds Against REALTORS®
Commission relief for home sellers may be coming. You don't owe legal fees to the other side when you win. Why do you pay the buyer's broker commission when you sell? A class-action lawsuit may change the way real estate brokers are paid and bring some commission...
The Most Acceptable Offer
The Most Acceptable Offer By: Tom Meyer Residential real estate negotiations are conversations between a seller and a buyer. In buyer favorable or balanced markets, the discussion goes like this: Buyer: I would like to buy your house. How much money do...
Are you a new buyer? Read this!
Fear of Losing. The Illusion of Multiple Offers. Once unheard of, ten or twelve offers received on one house are expected today. Three or four offers are a disappointment, if not embarrassing. Imagine going to the office on Monday explaining why only four people made...
Housing Bubble Brewing
Is There A Housing Bubble Brewing? The fear of missing out (FOMO) drives people to irrational behavior to win. We saw it in the housing crash of 2007-2009. Cheap money? Get some before it’s gone. 100% mortgage, no money down, cash back at closing? The bank says it’s...
Choose to Keep More Equity
Rising home prices are driving Housing Wealth higher and faster than ever. Homeowners and sellers are winning. For someone to win the home equity sweepstakes, there will be people who pay the prices. Supply and Demand The rise in home prices is a supply and demand...
Pricing your home for today’s market
Pricing your home for today's market requires a modern strategy. Some homeowners are reluctant to approach pricing differently from how they remember when they sold a house years ago. Those who recognize that competition generates ridiculously high prices and safe...
Understand three issues to negotiate acceptable offers
Appraisal Contingencies allow buyers to renegotiate price and other terms after acceptance and after the appraisal shows a value less than the purchase price. Such protection might be a good contingency in a buyer's market from the buyer's perspective. It's deadly for...
Competition in The Real Estate Brokerage Industry. So, you don’t have to pay 6%.
American consumers receive three advantages when businesses compete for their attention: better prices, more services, and various options. How healthy is the competition in the real estate industry? With 1.46 million REALTORS in the country (460,000 more than in...