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Showing posts from July, 2024

What value does a REALTOR have in today’s market? Why use a REALTOR?

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  When you think of a REALTOR, what do you think of? Lately We are hearing overpaid, a rip off-- this saddens us as there is a Very Big Difference from a REALTOR and anyone who is licensed to sell real estate in my eyes. There is so much talk about value and what we do or don't do for the public. It is hard to see the differences or what is the benefits of using a Full Time- Full- Service REALTOR.  WE think of negotiating and building relationship, protection for our clients, working hard, educated to what is happening around a specific area and the pitfalls to know about, helping people every way WE can. We think of helping you get to your Whooo hooo!!!! moment, quickly, efficiently and navigating all the obstacles that can be in your path!  Yes, you can sell your home yourself, use a discount brokerage, or hire a agent/a broker not associated with NAR with the designation of a REALTOR. So why does it matter? What difference does it make? REALTORS have taken an oath and are held t

What buyers need to know about escalation clauses

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  An escalation clause can help buyers gain a crucial edge in today's seller's market, but these offer addendums need to be handled with care. What is it? An escalation clause is a real estate contract, sometimes called an escalator, that lets a home buyer say: “I will pay “x” price for this home, but if the seller receives another offer that’s higher than mine, I’m willing to increase my offer by “Z” to “Y” price. Just be sure you have the cash to back up the offer.  How does an escalation clause work? While escalation clauses vary significantly, the general escalation addendum has a few basic components: •              What is the original offer of purchase price? •              How much will that price be escalated above any other competitive bid? •              What is the maximum amount that the purchase price can reach in case of multiple offers? For example, buyer Brown offers $100,000 for a home or piece of real estate. Her Realtor® adds an escalation clause