real estate negotiation

Performance Property Real Estate Question

Can Sellers Leave Their Stuff In The Home After Closing

Q: We are buying a house and the sellers asked if they can leave some things they don’t want to bring to their new place? Can they do that? Kelly, Lake Hiawatha, NJ A: It is generally expected that a home be left “broom swept clean” on the day of closing when title is transferred to the new owner. If the seller wants to leave items in the house after they sell, that should have been spelled out in the purchase contract you signed. However, most things are negotiable, so if the seller wants to leave certain items in the home that you now have to move or throw out it’s not unreasonable for you to expect to be compensated […]

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How To Beat The Rising Home Price Trap

Q: Hi Gerald, I’m a rehabber negotiating a purchase of a bank-owned property.  The listing broker keeps telling me I have to raise my purchase offer price because the market is hot.  I want to build a good relationship with him, should I offer more? Eddie, Florham Park, NJ A: Great question, Eddie.  I understand the pressure you’re under today with rising home prices and low housing inventory.   The listing agent’s goal is to get the house sold, so it makes sense that he wants you to make a higher offer. That makes his job easier with the bank.  But in order to be successful as an investor, you have to think independently and you can’t afford to let other […]

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