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Getting Out of a Purchase Agreement

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So you think you found your dream home and you’ve signed a purchase agreement. However, that dream home doesn’t seem so dreamy anymore and you’ve decided you want out of the purchase agreement – what do you do now? If the seller has taken the home off of the market and has kept their end of the contract, you are…

Should I Sign A Buyer’s Exclusive Agency Contract?

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Contract

I recently received a call from a potential client who asked me to show her a home for sale. I told her I’d be happy to help; however, in the process of getting some information from her, she told me she had signed a Buyer’s Exclusive Agency Contract. A Buyer’s Exclusive Agency Contract (also called simply a Buyer’s Agency Agreement)…

Do I Want Your Business?

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Recently, a potential client asked me if I would help her purchase a home, noting that she had received my name from an employee at Angie’s List. I said, “Sure, I want your business!” She then commented that she had read about me on my website, that I have been married for many years and that her lifestyle might change…

The Appraisal Nightmare

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I recently listed a home for $424,900 and within six days, there were two offers on the home. I told the buyer agents that I had two similar offers and that my clients would be accepting the best offer. Within 24 hours, the offers arrived and my client accepted an offer of $416,000. Three weeks later, the appraisal came in…

Macro-level Home Price Statistics Provide False Hope

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I have to shake my head when I read the home price statistics each month. Personally, I think macro home pricing statistics are meaningless. Whether or not the price goes up or down in a market area is basically useless information. Allow me to explain… Home pricing is about microeconomics, not macroeconomics. In other words, it is most useful to…

Dealing With an Underground Storage Tank in a Residential Real Estate Transaction

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For the past couple of weeks, I have been working with a client who is purchasing a property with an abandoned underground oil tank. My client is from the East Coast where the laws are pretty strict on this sort of matter. Therefore, she was especially concerned about the underground storage tank. I did some research and here is what…

Spring Home Sale Planning Begins in the Fall

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If you are planning on listing your home for sale next spring, the beginning of fall is the best time to ensure you have good curb appeal for the prime spring selling season. I want my Brownsburg, Zionsville, Carmel and the rest of my Indianapolis-area clients to know that curb appeal is still critical to get people into your home…

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