When you have your Beverly Hills homes for sale and you want it sold as quickly as possible, it can be tempting to open the door to someone who knocks and asks to look around.
Don’t do it!
Tell them to contact their agent and make an appointment. If they don’t have an agent, give them one of your agent’s cards. But don’t invite them in.
What if it’s someone who says he or she is an agent and wants to either preview or show the Beverly Hills homes for sale.
Again – Don’t do it.
Do Not Let Anyone Inside Houses in Beverly Hills Without An Agent.
Why? Because it’s simply not safe. You have no way to know if those are serious home buyers or simply people wanting to see if you have anything wonderful to steal from Beverly Hills homes for sale. You also have no way of knowing if the person who claims to be an agent really is.
Just a few weeks ago an agent who went off alone to meet an unknown client in a vacant Beverly Hills homes for sale, was kidnapped and murdered. Just because you live there doesn’t make it any less dangerous to let an unknown stranger into your house – especially if you’re home alone.
Legitimate buyers and legitimate agents will make appointments through your listing agent. Insist that they do.
While the stated purchase price of houses in Beverly Hills is the starting point in an offer to purchase, other details of the offer determine the true costs to the buyer and the true proceeds to the seller. These details, along with the price, become points of negotiation.
The most obvious is the request for the seller to pay the buyer’s closing costs. Depending upon the loan program, this could be as much as 9% of the purchase price.
On a home valued at $300,000, paying buyer’s closing costs would mean a $27,000 reduction in proceeds for the seller – and a $27,000 savings for the buyer.
Then there are the inspections and the repair allowances. Buyers usually pay for the inspections, but they can ask the seller to pay these costs.
Every purchase offer should include a set figure that the seller agrees to spend on repairs, if required. This figure must be deducted when the seller is looking at net proceeds. And then, if more expensive repairs are needed buyers and sellers must either return to negotiations or let the transaction die.
But those aren’t the only factors that can affect the buyers’ or the sellers’ finances.
Houses in Beverly Hills Offers Are Worth More Than You Think
Timing can also play a role. If the buyer is leaving houses in Beverly Hills or the seller is buying a new home, the closing/possession date can save or cost them dollars. Think of the cost of putting your household furnishings into storage and renting temporary shelter in the interim between closing on one home and moving into another.
Next, look at what’s included in the purchase price. Kitchen and/or laundry appliances may already be included per the listing. If not, the buyers can ask for them. Inclusion saves the buyers money, while it may cost the sellers to replace them in their new home. So even though these items are not given monetary value on the purchase offer, they do have value that both parties do need to consider.
The same is true for items like a riding lawn mower. The seller may not need one in their next home, but leaving it behind does add value for the buyer.
Whether you’re buying or selling a home here in Beverly Hills, before you focus on the stated purchase price, look at the true price. You’ll see it after you make the additions and subtractions.
And when you’re ready to buy or sell houses in Beverly Hills, it would be my pleasure to guide you through a smooth transaction.
What Do You Think About the Houses in Beverly Hills Doors?
When you’re searching for a new houses in Beverly Hills you may be automatically bypassing those that have been on the market “too long.”
You may think there’s something wrong with the house or the neighborhood – otherwise it would have sold right away.
You might also skip right over a house that has only one photo – or photos that aren’t especially flattering.
Do yourself a favor – give them a second look.
Look for houses in Beverly Hills with your eyes wide open…
There could be more than one reason why that house has been for sale “too long.”
- It could be that the agent miscalculated or the seller insisted and it was priced too high at the outset.
- It could be that an illness or other emergency prevented the house from being shown consistently when it first came on the market.
- It could be that there was a buyer whose loan fell through at the last minute.
- And it could be that the sellers simply chose the wrong agent.
If the houses in Beverly Hills have no photos or poor photos – it’s true that it could be that there’s nothing good to see. It could also be that the agent was lazy and didn’t want to take the time or go to the expense of getting good photos.
So if that house fits your general “wants and needs” list, give it another look. It could be that hidden gem you’ve been searching for. And… since it’s been on the market “too long,” you just might be able to purchase it at a very good price.
If you’re looking for houses in Beverly Hills, call me. I’ll be glad to help you search out those hidden gems and find the home of your dreams.
Even though the bulk of the housing crisis has passed, you’ll still find more bank-owned homes than usual for sale across the country. Even in the best of times, there are always a few.
Bank-owned houses in Beverly Hills, usually offer good value for the money. The owner wants them sold and has no emotional attachment to prevent reducing the price if they don’t sell quickly. Whether they’re right for you depends upon whether you’re willing to deal with a bit of clean-up, fix-up, and uncertainty.
Some banks will do initial cleaning, and some will make repairs and other improvements. A few people who lose their homes to foreclosure do consider it a point of honor to leave everything clean and in good condition.
Are the houses in Beverly Hills bank-owned?
However, when you choose to shop for bank-owned houses in Beverly Hills, you should be prepared to spend some time getting the house in shape before you are capable on moving in.
Then there’s the uncertainty. This comes from not knowing the home’s history.
Because the owner – the bank – has never occupied the home, they aren’t required to provide a property condition report. Thus, any lurking problems are yours and your home inspector’s to discover.
Next, since no one involved has ever lived there, there’s no one who knows all about how to operate the various systems. If the furnace has some quirks – they’ll be yours to discover. If you need to find a hidden valve in order to use the sprinkler system, it will be up to you to search for it.
I do have a list of vendors you can call on if the investigation has you stymied.
So before you decide you want to see bank owned houses in Beverly Hills, decide whether you are willing to deal with the uncertainty and whether you need a move-in ready home, or will enjoy the fix-up.
If you want to find out more, stay up-to-date with my blog, and be sure to check out my books on how to sell your home as well.