Whether you are a first time home buyer or you have not owned a home in 3 years YOU QUALIFY FOR THE FEDERAL TAX CREDIT FOR FIRST TIME HOME BUYERS!!!
Important News... Buying a Home is an exciting and complex adventure. It can also be a very time-consuming and costly one if you're not familiar with all aspects of the process, and don't have all the best information and resources at hand.The Federal Government is under pressure to extend the Buyer Tax Credit.
One of my specialties is representing the best interests of Princeton area buyers throughout the home buying process. My comprehensive, high-quality services can save you time and money, as well as make the experience more enjoyable and less stressful.
If you're like most people, buying a home is the biggest investment you will ever make. So whether you're buying a starter home, your dream home or an investment property, why not take advantage of my experience as a local market expert for Princeton to make the most informed decisions you can, every step of the way?
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That was Easy!
Without too much issues the attorney review process worked out okay. Nothing too major, an additional parcel of land is now included in the sale of the house... GREAT to help it Appraise later, The Lot size is now DOUBLE!!! Can't make anymore land so that was an important win for us. The transfer of title will also include a personal property item... which includes an additional parcel of land.
I love this business...
Today I am writing a very difficult contract on a Princeton Property. Boy I love this work, running back and forth to the township office, Zoning, Planning, Assessors office and the Tax office... get more details at www.JerelWashington.com.
3/31/09 - The Offer was accepted! Hurray... now we just need to get it to closing. Wish us LUCK!
Next is Attorney Review: What's that? Well in New Jersey... (Right from the License Book - Chapter 9 Contracts (Principles and Practices of New Jersey Real Estate by Frank W. Kovats, DREI)
ATTORNEY REVIEW has to do with Preparing Contracts. Real estate agetns are recognized tohave limited authority in the preparation of contracts and in the rendering of advice relative to their area of expertise. Any person who engages in the practice of law (as it's defined in New Jersey) without a license is a "disorderly person" according to state law. The Supreme Court of New Jersey has exlusive jurisdiction over the practice of law in our state.
The NJ Bar Association v. NJ Association of Realtors, the court granted a consent judgement confirming an agreement between the parties, providing that real estate brokers would be permitted to fill in the blank spaces in approved standard contract forms for the following types of residential sales and lease agreements:
All residential sales contracts and residential leases prepared by real estate licensees must contain, at the top ofthe first page the following language:
THIS IS A LEGALLY BINDING CONTRACT THAT WILL BECOME FINAL WITHIN THREE BUSINESS DAYS. DURING THIS PERIOD YOU MAY CHOOSE TO CONSULT AN ATTORNEY WHO CAN REVIEW AND CANCEL THE CONTRACT. SEE SECTION ON ATTORNEY REVIEW FOR DETAILS.
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Notice it says "YOU MAY CHOOSE" which means it is not mandatory. For the purpose of my blog, let me just say this... if a standard state contract was REQUIRED TO BE USED there would be NO NEED FOR ATTORNEY'S IN RESIDENTIAL REAL ESTATE. Attorneys may argue differently (of course they will argue), but that is my opinion due to the following: I've been told that in residential real estate only 3 states even have this type of "Clause".
In my opinion... KEEP ATTORNEYS OUT OF RESIDENTIAL REAL ESTATE! USE STANDARD STATE CONTRACTS ONLY AND PRACTICE FULL DISCLOSURE!
If you have a real estate related question you can find the answer here. One Question.... One Answer!
Real estate dealings can be very complicated and confusing. The fact that real estate law differs from state to state and sometimes even from county to county, or other jurisdictions, just makes it harder for the lay person to understand all of the ins and outs.
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Now before I get going on this particular post let me set the stage. By no means do I support the idea of a "Full Service Agent" providing discount brokerage fees as a standard of business. There are, however, events, situations and scenarios where discounting makes sense. Here is what I believe are "ACCEPTABLE" reasons to provide a discount in my service fee's:
Friends & Family:
I love all my friends and only some of my family :-) but they say "blood is thicker than water" and I believe in helping the people who are close to me (even those I didn't choose :-) lol).
Double Siding a Transaction:
When I am working with a listing & and also get the buyer within 90 Days. Yeah I know its conditional but my costs are way lower if I find a buyer for my own listing within 30-60 days and they can close within 30-60 days after I show them the house.
Multiple Properties:
When a client lists more than one property with me at the same time & they are aggressive about marketing and selling them. Aggressive means they actually listen & follow the advice I give them about preparing, showing availability, pricing, condition, etc...
Distressed Sales/Short Sales/Foreclosure/REO:
I start my short sale commission rather high for all the work that is involved in getting these guys through the process and the banks always always negotiate what they are willing to pay. I also use part of my commission adjustment to reduce the amount my seller has to pay back to the bank. (sellers love this and referrals will flow afterwards - why... because the bank does not have the client best interest at heart, I do).
Multiple Transactions:
When a seller is also my buyer under Buyer Agency Agreement (Buyer Contract) or the Seller signs a buyer agency agreement with a referral (if moving out of my area/state).
When using my Staging Companies:
It's my belief (backed by fact) that Stagers are a vital part of our business today. When a home is properly staged it will sell faster, and for more money... don't believe me... Look it up (google "Home Staging Results").
I welcome your thoughts and i would love to hear about your experiences when it comes to discounting... when you will entertain the idea and when you won't.
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