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Thinking of Buying? Watch This...
thinking of buying watch this
Should you wave your home inspection opportunity as a buyer?
Good question! Should you wave your home inspection as a Buyer? That's a tough question to say yes or no on, even for new builds. Everyone makes mistakes and not everything can be seen with the naked eye. Inspectors are typically professionals at what they do, and go above and beyond to fully inspect a home and provide you all the needed details, from the basement to roof. They can tell you typically how old something is, how well it works, and so much more! So, it's hard to say if you should waive a home inspection or not, definitely depends on the home and situation! Still have questions, give us a call! 269-622-9243
Should you do a Final Home Walk Through? Tips on Buying a home in Kalamazoo / Portage Michigan!
If you are buying a home in the Greater Kalamazoo / Portage market, our local contracts indicate that you have the right to do a final walkthrough of the property you intend to buy within 72 hours of closing. Some buyer's aren't sure if they really should do the walkthrough and what exactly the intent is. In this episode of Questions with Kerry, she discusses the final home walk through. Should you do one? The benefits of doing one, and what to look for! When you purchase a home, one of the final things you will do is a walk through, usually on your way to the closing table! You want to check out and inspect the home to make sure all items are in the same working order as when you wrote the offer. You'll also want to run the water, flush toilets, and make sure all mechanicals are in working order. Once you purchase the home and take possession, the home is yours so if you find issues after close that were unknown and unexpected....going back on the seller can be very tricky. Always best to do a walkthrough! Still have questions? Give us a call at 269-633-9243 and we'd be happy to help and answer any questions that you have!
Highest and Best Offer! Buying or Selling a Home in Kalamazoo / Portage; understand Highest & Best!
You may have heard this recently while writing an offer, or if your home is on the market your Agent may have called for "Highest & Best" due date. What this means is that the home has received (or expects to receive) multiple offers while on the market, and the Listing Agent has called a deadline for all offers to be submitted by, meaning by that deadline a Buyer should submit their highest & best offer they are willing to pay for that home, knowing there are several others doing the same thing on the same home. Kerry with the Keefer Fischer Real Estate Team helps explain it here, if you still have questions give our team a call 269-633-9243.
What is an Appraisal Gap? Buying a home in the Kalamazoo / Portage market, understand the gap!
In Real Estate whether you are buying or selling a home; you might hear the term "Appraisal Gap" when writing an offer, or when receiving an offer. It is a fairly new term to the industry and comes from the multiple offers Sellers are receiving on their home when on the market. An Appraisal Gap can come into play when writing an offer above listing price and covering the difference of an appraisal shortfall with a cash payment. An appraisal gap term comes from when an appraisal value might come in less than the offered price, that difference is the gap and can be guaranteed by a buyer with cash. Kerry with the Keefer Fischer Real Estate Team breaks down what it means, how to apply it when writing an offer, how to take it into consideration when accepting an offer, and more. Still have questions give the team a call 269-633-9243.
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