https://youtube.com/shorts/7Zriw02G-Ps?si=ohPk5Ikmf6tp2RVU Real Estate Keynotes: Under Contract Congratulations—you’re under contract! 🎉 Yay! But what exactly does that mean? Whether you’re the buyer or the seller, it means you’ve both agreed on the price and the terms and signed the sales contract. That’s a huge milestone! But it’s not the finish line just yet. This is the phase...
https://youtu.be/N9wXT3dsVMM?si=4a0eCTyiOqi1Arq_ Real Estate Keynotes: Amendment An amendment is an official change to a real estate contract after it’s signed. For example, if a closing date needs to be pushed back or a seller agrees to cover repairs after an inspection, an amendment updates the contract to reflect those changes. Both parties must agree to an amendment for it to be valid....
https://youtube.com/shorts/bwKHrsxL8-0?si=_qKb7pukd1bRfZ3I Real Estate Keynotes: Counteroffer A counteroffer happens when a seller responds to a buyer’s offer with different terms—such as a higher price, a different closing date, or adjusted contingencies. Instead of accepting the original offer, the seller proposes changes, and the buyer can choose to accept, reject, or make another...
https://youtube.com/shorts/F3rBxx0aHZg?si=9Xltt9crkLLICzLA Real Estate Keynotes: Contingency. A contingency is a condition that must be met for a home sale to go through. For example, a financing contingency indicates that a buyer’s loan needs to be fully approved for the sale to be finalized. If their loan isn’t approved and this condition is properly disclosed to all parties, the contingency...
Did you know? 📊 3.6 million Baby Boomers are expected to downsize by 2037. 📦 64% of retirees will move at least once during retirement. 🏠 51% of retirees aged 50+ have already moved into smaller homes. 📉 41% of retirees plan to downsize in their next move. 💡 Age 61 is when most retirees feel free to choose where they truly want to live. 📦 While downsizing brings many...
Older Buyers Are Driving the Real Estate Market! 🏡 The 2024 Profile of Home Buyers and Sellers from the National Association of REALTORS® revealed some record-breaking trends: 📊 53% of all home buyers were age 55 and over. 📈 The median age of home buyers rose to 56 years (up from 49 last year). 🔑 The typical repeat buyer age is now 61 (up from 58). 🏠 19% of buyers over 60...
https://youtube.com/shorts/tvXdt-sghJY?si=gfmIVJY_zdlohOWj Real Estate Keynotes: Rider A rider is an addendum or attachment to a contract that adds specific terms or conditions. Riders allow you to customize the agreement to meet your needs while ensuring clarity for both the buyer and seller. For example, if you need to sell your current home before closing on the one you’re buying, you’d...
Why do people over 55 decide to downsize? These are some of the most frequent reasons that prompt a new beginning in a smaller space: 💸 Saving money: Downsizing can cut costs on mortgages, utilities, and maintenance—ideal for fixed incomes. 🌍 Living the dream: Want to travel or live near the coast? A smaller home can free up funds for the lifestyle you’ve always wanted. 🧹 Simplifying...
https://youtube.com/shorts/nYz8X3g_FVM?si=VRawiXhckiUziIHK Real Estate Keynotes: Sales Contract A sales contract is the official agreement between the buyer and seller once an offer is accepted. It outlines all the terms of the transaction, including the purchase price, contingencies, closing date, and any other negotiated details. This document is legally binding, so it’s essential to review it...
https://youtube.com/shorts/hea0VF28ye4?feature=share Real Estate Keynotes: Offer In real estate, an offer is a formal proposal you make to purchase a home. And it is not just about the price you're willing to pay. Along with the price, it outlines critical details like contingencies for inspections or financing, your proposed closing date, and other terms that can make your offer stand out. Once...