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Sellers FAQ's

Pricing your home high may in fact result in a lower price because you will get most of your activity in the first few weeks your home is on the market. It is then that real estate agents preview the house. If it’s overpriced, they may not even bother to show it to their buyers. Priced to compete with houses at a higher price level may result in not attracting an offer as it competes with newer or more luxurious homes. It may also be in a price range above the group of buyers who are most likely to purchase. As it remains on the market unsold, the listing becomes stale and less likely to be sold. Ultimately you will have to adjust the price loosing both time and money. Eventually, the seller will have to drop the price and buyers will wonder why the house has been on the market so long and may factor that into their offer.
Contingency clauses in sales contracts typically are stipulations that the sale is subject to - a condition that must be met before a contract is legally binding.. A mortgage contingency: if a buyer is unable to obtain financing within a specified timeframe, either the buyer or seller is not required to complete the transaction. Building inspections (radon, lead, termite,structural) are also common. A Hubbard Clause protects a buyer from having to close on the purchase of a new home until they have successfully managed to sell their current home . An escape clause, also known as a kickout or knockout clause, is a provision that allows the party to void the contract. For example, the seller may retain the right to look for a more favorable offer, with the original purchaser retaining the right, if challenged, either to firm up the first sales contract (such as by waiving a contingency) or to void the contract. As another example, sellers might insist upon an escape clause in a contract that hinges on the buyers’ selling their home.