Just for the holidays, I am trying something new. I have uninstalled all my social apps from my phone. And it rocks!
What a difference in my level of attention when hanging out with my wife and kids. Night and day difference. And I encourage you to try it. I know it’s like jumping off a bridge for some of you, but really, try it.
The way I see it, the holidays are packed with things to do. Shopping, family dinners, hosting guests from out of town, etc. All distractions that chip away from what’s most important (especially during this time of the year), family.
So give it a shot. Merry Christmas. Happy Hanukkah. And to an awesome 2016!
Want to sell your current home and buy your new house simultaneously?
Don’t get a house under contract to buy until your home for sale goes under contract. Going under contract to buy without yet finding a buyer for your home will put way too much pressure to accept unfavorable terms for the sale of your home. Keep in mind that most sellers want their home sold in 45 days or less. That means, if you go under contract to buy, you only have a limited time to sell.
As you are making an offer to buy, don’t make the purchase contingent on the sale of your home. I have yet to meet a seller that will wait till you sell your home to buy theirs. Would you? Disclosing the latter is disclosing a weakness (your need to sell before your buy) during negotiations. There are many other terms which give you ways out of a contract without disclosing weakness. Just make sure your agent explains them to you.
Request from buyers that are buying your house to let you stay (rent) in the home for a few days after closing. There is a 50%-50% chance that the buyers will agree, so there is nothing to lose.
A simultaneous purchase and sale involves some risk. So when it comes to making a decision and your head is saying “don’t do it”, but your guts are saying “yes”? Do it! Specially in a double closing, it is the time to be aggressive.
Quick chat with our club’s Past-President and owner of Interbusiness Enterprises Joe Stephen…and no, the matching shirts was not planned :). Annually, our club hosts a golf tournament and its proceeds are used to provide scholarships to deserving students. The tournament is supported by cash donations from major sponsors, tee sponsors, etc.
Well…it’s still a healthy seller’s market, but you are starting to see a very-very slow influx on properties. And I’ve noticed this as am helping several clients find their dream homes. Never the less (for home sellers under $2MM), if your house is priced right, it will sell in under 3 to 4 months. Property owners above $2MM, there is no reason why your home should not sell in less than 6 to 8 months.
Where is the opportunity for sellers?
If you are thinking of selling, now is the time considering you only have one to two months to find a buyer and get your home under contract. Once we get into late November and December, sales volume go down.
However, November and December are a double edge sword in terms of sales due to the fact that inventory significantly dwindles (less inventory = less competition). This means that buyers have much less housing to choose from. So from this angle, this benefits sellers.
Where is the opportunity for buyers?
Considering we are in a seller’s market, it’s a bit of an uphill. But here is the edge. Financing regulation continues to tighten up. In other words, the process to close a deal is not getting harder if you are getting a loan, but it will take a bit longer. So choosing the right lender that is able to close a transaction sooner than later gives you great advantage. So when shopping for a lender…among other questions, ask: how quickly can you close?
The one day out of the year us men (dads) can’t go wrong is around the corner. So go ahead. Have a beer and leave it on the sofa. Or take those shoes off and drop them in the center of the bedroom. You know what? Forget that honey-do-this list. It’s our do everything wrong, and it’ll be alright type of weekend.
Dads. Have a ball. Have a blast. Happy Father’s Day!
Rotary Golf Classic 2015 was held at the Biltmore Hotel during the month of February. Proceeds raised benefit Miami resident high school students transitioning into college. This event is hosted annually and attracts about 200 golf players that get to enjoy breakfast, an 18 hole game, and an auction-luncheon. More details can be found at rotarypinecrest.org.
Mario Avalos 