Ikeoluwa Elizabeth Olukanni - Adeyinka’s Post

Disclose, disclose, disclose. If you’re a real estate professional, this should be one of your daily mantras. Sellers have a hard time revealing flaws about their home. But it’s in their own best interest to do so. In Texas, failure to disclose could result in recovery for a buyer's damages based on the omitted facts. This applies to ANY property. So let’s talk about a few scenarios. The buyer terminates the contract based on the inspection report and delivers the inspection report to the seller along with the termination. Does the seller have to share that report with future buyers? My answer is that the seller must disclose every flaw that is shown on the report, and the easiest way to fully disclose is to share that report with the buyer. “But what if the home inspector was an idiot?” Well, the problem is he’s a licensed idiot. The only way to combat a bad inspection report is to get another inspection report with an inspector you trust more. Then, disclose both reports. Even if the seller never received the inspection report from the buyer, if the buyer simply mentions a defect to the seller — then the seller must disclose it to another buyer. Now, what if your seller’s property is being sold for lot value only? Can you skip the seller’s disclosure notice (SDN)? If the value of the dwelling exceeds 5% of the total property value (determined by the Central Appraisal District), the answer is also yes — you still need an SDN. If you don’t provide one, the buyer may terminate for any reason. This is an automatic out for the buyer you could have otherwise avoided. And remember, Texas law says sellers always have a duty to disclose defects to the buyer. So be honest. Disclose. Hiding problems is never the right move.

Real estate services are important for several reasons: 1. Expertise and Knowledge: Real estate agents have in-depth knowledge of the market, including pricing trends, neighborhood insights, and legal requirements, which can be invaluable for both buyers and sellers. 2. Negotiation Skills: Experienced agents are skilled negotiators who can help clients get the best possible deal, whether they are buying or selling property. 3. Access to Listings: Real estate agents have access to multiple listing services (MLS), which provide comprehensive databases of available properties, making it easier to find a home that meets specific criteria. 4. Time-Saving: Agents handle many of the time-consuming tasks involved in buying or selling a property, such as scheduling showings, marketing the property, and handling paperwork. 5. Networking: Real estate professionals have extensive networks, including other agents, potential buyers and sellers, and service providers like inspectors and contractors, which can facilitate smoother transactions. 6. Guidance Through Complex Processes: The process of buying or selling a home can be complicated, involving numerous legal and financial steps. Real estate agents guide clients through each step, ensuring all requirements are met. 7. Market Analysis: Agents provide market analysis and property evaluations to help sellers set competitive prices and buyers make informed offers. These services help ensure that real estate transactions are efficient, legally compliant, and in the best financial interest of the clients.

Real Estate Professionals: You know that every transaction comes with its own set of potential roadblocks. One often overlooked issue that can derail a sale is the presence of mold in a property. Mold can be more than just an unsightly nuisance – it can pose serious health risks to occupants, especially those with respiratory conditions or compromised immune systems. Certain types of mold can cause allergic reactions, asthma attacks, and even toxic effects if exposure is prolonged. Beyond the health concerns, mold can also lead to costly repairs and remediation efforts. As you know, this can significantly complicate a deal and make it difficult to get to closing. As a professional mold remediation and water damage mitigation company, we understand the importance of addressing mold issues promptly, effectively, and reasonably. Our team is trained and certified to handle the remediation process, ensuring that properties are safe for occupancy and sale. By partnering with us, you can protect your clients' interests and ensure a smooth real estate transaction. We take pride in communication with all interested parties to ensure that everyone understands what actions are being taken and that the problems are being resolved. Mold problems can be fixed and we don’t believe potential buyers need to be scared away by something that was simply noted in an inspection report. Don't let mold jeopardize your deals or put your clients at risk. Contact us today to learn more about our services and how we can safeguard your real estate transactions from the hidden threat of mold.

Message for Real Estate Agents: Clarifying Due Diligence and Negotiation Dynamics I don’t know who needs to hear this right now, but 😬 Listing Agents: Buyers' agents have every right to inquire about your seller's position and present that information to their clients before scheduling a showing. This practice is part of due diligence and helps determine if your listing is a suitable fit for potential buyers. It’s not steering; it’s ensuring that the buyers make informed decisions. Seller's Position: Buyers' agents will ask about your seller's position, which could impact the buyer’s interest in the property. It’s entirely appropriate for them to gather this information beforehand. Communication: If you don’t answer your phone or provide a vague response like "depends on the offer," understand that this will be communicated to the buyer. It might influence their decision to see the property. Adapting Strategies: If you notice that the information you're providing is affecting the property’s desirability, discuss this with your seller. Positions in real estate are fluid until a contract is signed. Be proactive in adapting strategies as needed. Buyers' Agents: It’s crucial to discuss with your clients when they want to learn about a seller’s willingness to contribute towards agent fees. This should be part of the buyer broker agreement, ensuring everyone is on the same page regarding priorities and the negotiation process. Client Conversations: Make sure you have a clear conversation with your clients about their preferences. Do they want to know about seller concessions and agent fees before or after a showing? Prioritizing Homes: Understand how your clients prioritize homes based on factors like area, size, bathrooms, and potential seller concessions. This clarity will guide your inquiries and negotiations. Reducing Steering Accusations: The landscape has shifted, and buyers' agents now negotiate their own fees. This autonomy reduces the likelihood of steering accusations as the dynamics of fee negotiations have changed. Fee Negotiations: Buyers' agents are no longer bound by the listing agent’s negotiation skills. This shift makes steering less likely compared to previous practices. Transparency and Due Diligence: Maintaining transparency and performing due diligence are key to fostering trust and ensuring a fair process for all parties involved. By understanding these dynamics and communicating effectively, both listing agents and buyers' agents can better serve their clients and navigate the real estate process more smoothly.

"Why Partnering with a Real Estate Agent is Essential" Navigating the real estate market can be complex, but a qualified real estate agent can make all the difference! Here are some compelling reasons to enlist their expertise: 📊 Market Knowledge: Real estate agents have in-depth knowledge of the local market, helping you understand pricing trends and property values. 🤝 Negotiation Skills: With strong negotiation skills, agents advocate for your best interests, ensuring you get the best deal possible. ⏳ Time Savings: Searching for properties, scheduling showings, and managing paperwork can be time-consuming. Agents handle these tasks efficiently, saving you valuable time. 🔑 Access to Listings: Agents have access to exclusive listings and the latest market updates, giving you a competitive edge. 📝 Paperwork Expertise: Real estate transactions involve a lot of paperwork. An agent ensures everything is completed accurately and on time. 💰 Price Guidance: With their knowledge of market trends, agents help you set a competitive price, whether you’re buying or selling. 🔧 Handling Repairs: Agents can recommend trusted contractors for necessary repairs or improvements, making the process smoother. 📋 Preparation for Sale: If you’re selling, agents provide valuable insights on staging and preparing your home to attract buyers. 🔒 Closing Assistance: Agents guide you through the closing process, ensuring all necessary steps are completed for a successful transaction. 🤝 Ethical Considerations: A licensed agent adheres to a strict code of ethics, prioritizing your needs and interests throughout the process. Ready to simplify your real estate journey? Contact us now and let’s get started today! 📞✨ #RealEstateAgent #HomeBuying #HomeSelling #MarketKnowledge #NegotiationSkills #RealEstateExpert #RealtorTips #ClosingAssistance #ontario #canada #sellertips #buyertips #roregroup

Why Is a Buyer Broker Agreement important? I’ve been asked this question many times... My response has always been that it informs how the client and the agent will work together, for how long, what the agent will do for the client, and how the broker will get paid. It creates an understanding as to how the client and agent will be on the same page; the agreement protects both parties and makes the whole real estate process flow more effectively. The Buyer Broker Agreement is structured to ensure both parties’ best interests are addressed. It presents the client or consumer with a transparent understanding of the services the agent will provide. For example:  property searches, market analysis, negotiating offers, handling paperwork, etc. On behalf of the agent, it demonstrates the agent's commitment to ethical standards, professionalism and helps ensure that the agent's actions are aligned with their obligations to the buyer and comply with legal requirements. Benefits to the client:  Dedicated professional support. Saves the client time, money, and stress during the home buying process. Builds security and trust between the client and broker. Encourages the agent to work diligently on behalf of the client. Clarifies expectations and responsibilities for both parties. Reduces the likelihood of misunderstandings or disputes. The buyer broker agreement will also establish roles and responsibilities for both parties. In regards to the client… the agent is committed to their clients best interests, offering loyalty, confidentiality, and complete transparency regarding properties and the market. It also ensures the client collaborates with the agent to avoid conflicts of interest, and guarantees the broker/agent will be compensated for their services. Words of Wisdom: “Strength of character may be learned at work, but beauty of character is learned at home.” — Henry Drummond The next remaining posts for this topic will address: What are some of the Issues Avoided with an Agreement? What are the Key Elements of the Agreement? What are some Common Misconceptions? Summary See ya next time! Jon Grasse' LPT Realty 727-735-3370 realestatebygrasse@gmail.com I am never too busy for your referrals! 😀

Do you have a home listed for sale? Time is crucial in real estate. Streamline your pre-appraisal process with these actionable tips: 1. Understand the Appraisal Process: Know what appraisers look for, from market trends to property conditions. This knowledge sets realistic expectations and prevents delays. 2. Prepare Documentation: Compile detailed records of maintenance, upgrades, and permits. 3. Ensure Property Readiness: Address minor repairs and declutter. A well-maintained property creates a positive impression, aiding in a smoother appraisal. 4. Collaborate with Appraisers: Share relevant market data upfront. For example, provide a Comparative Market Analysis (CMA) to the appraiser so he or she understands your perspective. Clear communication can lead to more accurate appraisals and quicker turnaround times. 5. Leverage Technology: If appraisers don’t have access to a SUPRA key, learn how to provide vendors with a 1-day code. It will make your life and your client’s life a whole lot easier! Implement these strategies to expedite your sales process and boost client satisfaction. How do you ensure your properties are appraisal-ready? Share your tips below!

𝐓𝐡𝐞𝐲 𝐒𝐚𝐲 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐀𝐠𝐞𝐧𝐭𝐬 𝐚𝐫𝐞 𝐓𝐨𝐨 𝐄𝐱𝐩𝐞𝐧𝐬𝐢𝐯𝐞?  . . . 𝐁𝐮𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞𝐲 𝐑𝐞𝐚𝐥𝐥𝐲? I hear people say real estate agents are too expensive. But are they? Lets take a look. Are you asking the right price for your property? Quite to the contrary. I take a look at the past sales that are relevant to the transaction and make the best adjustment the appraisers could do. Are you disclosing the correct information to the potential buyer? Not knowing the law could cost you thousands. And finally, everything is an agreement between the buyer and seller. So have you discussed all the fine details? This is the reason most for sale by owner deals fall apart. While everything is an agreement between the buyer and the seller. All terms are agreed to in the purchase agreement from the beginning and everyone signs a purchase agreement saying they agreed to these terms. So in the long run, real estate agents could actually save you money. 🏡 𝐊𝐚𝐫𝐞𝐧 𝐇𝐚𝐮𝐠 | 𝐀𝐬𝐬𝐨𝐜𝐢𝐚𝐭𝐞 𝐁𝐫𝐨𝐤𝐞𝐫, 𝐀𝐁𝐑, 𝐂𝐑𝐒 Sell It With Karen ✨ Sell4Free Welsh Realty SellitWithKaren.com ☎️ 812-630-0775

WHY DO ESTATE AGENTS LIE? https://buff.ly/3NThfRq There are a large number of professions in which the truth can sometimes be bent in order to make the service provider look more capable than they really are – or to squeeze a little extra money out of an arrangement. Of course, the majority of specialists in the property sales industry are diligent and honest. However, where there is commission involved, there is always the potential for underhand techniques to come into play. This is often the reason why many people have a distaste for estate agents. It’s important to know that the estate agent you’re using is honest – and that their reputation is based in truth. This should be the case whether you’re buying or selling a house. That’s why we need to ask questions like “can a real estate agent lie about other offers?” and “might your estate agent be lying about viewings?”. Call us 24/7 on 0800 044 3733 or visit us at: https://buff.ly/3NThfRq

WHY DO ESTATE AGENTS LIE? https://buff.ly/3NThfRq There are a large number of professions in which the truth can sometimes be bent in order to make the service provider look more capable than they really are – or to squeeze a little extra money out of an arrangement. Of course, the majority of specialists in the property sales industry are diligent and honest. However, where there is commission involved, there is always the potential for underhand techniques to come into play. This is often the reason why many people have a distaste for estate agents. It’s important to know that the estate agent you’re using is honest – and that their reputation is based in truth. This should be the case whether you’re buying or selling a house. That’s why we need to ask questions like “can a real estate agent lie about other offers?” and “might your estate agent be lying about viewings?”. Call us 24/7 on 0800 044 3733 or visit us at: https://buff.ly/3NThfRq