What to Expect When Selling Your House: Part 5 - Life After the Offer

by seacoast_ashley 3. July 2015 04:33

 

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Pay close attention to these curtains, and read on.


In my last blog post, I talked about the highs, and lows, and long nights of negotiating and accepting an offer. It is an exciting time, but don’t pop that cork (like we did) just yet. Little did my husband and I know, there would be many more hurdles to jump before the whole home selling process was over.


The offer that we accepted put us walking away with a couple thousand dollars. We knew that we would not walk away with lots of money, as we bought our home in the height of the housing market, and although recovering, it was not quite back to the way it had been. We were selling due to a job move, so we were okay with walking away with nothing. The reason that we negotiated our bottom-line at a couple thousand dollars above our break-even point, was so that after the buyers had their inspection and submitted their repair request we would have the money to fix anything necessary. We will talk about that list a little later!


In the Offer to Purchase that we signed, the buyers put down “earnest money.” This is money that shows that they are committed, and if the transaction goes through will go toward their down payment. This gave us peace of mind and let us know that if the deal fell through by some fault of the buyer we would be compensated for the time that the house was off the market.


The Offer also had a due diligence period of three weeks. This time lets the buyer schedule all necessary inspections, appraisals, etc. Some of these inspections were just things that the buyer wanted to check out, and some were necessary for the bank to approve their loan. This three weeks ended up being almost as hectic as the house showing period. Because we wanted the house to make good impressions we continued to clean, tweak, and improve it. Not only were we doing the aforementioned things, but we were also packing. We were moving whether this deal went through or not, so packing could not wait. There was SO MUCH STUFF!


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Renting a POD was one of the best decisions we made. It gave a us a place to put ALL THAT STUFF without making too much of a mess inside the house.


With each inspection (home inspection, pest inspection, roof inspection, inspection of the heating and air unit) came new worries that the buyer might not like what they were hearing. Our stress levels went each time an inspector scheduled a visit. I am sure that the buyer was feeling this same stress and probably second guessing their offer the whole way through.


The day that due diligence was to end the buyer’s agent asked for a due diligence extension... We were floored. Our agent was in constant contact with the buyer’s agent. We were assured that the buyer was no trying to back out, but could not get the all of the inspections that they needed in time. They wanted to extend 3 days. We very reluctantly agreed. One last inspection and the due diligence was ending (at 5pm). We were counting hours.


At 4pm we received the Repairs Request. This is where the deal almost fell apart. Are you stressed out yet? We were!


Having bought and sold houses before, my husband and I both totally expected that there would be a list of things both “biggish” and small that the buyer would ask us to fix. I was expecting things like repair of a crack in the moulding, fixing the light fixture in the bedroom, replacing the back door, etc. What we got went way beyond our wildest dreams!


The repairs report came, and the buyer asked for a new roof, new heat/air unit, gas logs in the fireplace to be serviced, and the list went on and on. In case you missed it, yes I did say a new roof! The estimation for a new roof was $8,000. The estimate for a new heat/air unit was also $8,000. I freaked out! The were asking for well over $20,000 in repairs.


It was time for my agent’s ninja negotiating skills to be exercised. After much sweating and number crunching my husband and I knew that the couple of thousand dollars that we were going to walk away with was all that we could offer. We had our agent call the buyer’s agent and offer $2000 toward closing, we would service the gas logs, and we would service the heat/air unit. There was nothing else that we could offer. We waited, and tried to figure out what we would do with the house when the deal fell through.


We had a response from the buyer within an hour. They would take our offer if we would throw in the living room curtains. It all came down to curtains.

The deal was on, we were back to packing, and it finally felt like we were in the home stretch.


Have you gotten close to a deal and then it fell through? Or, did you sell a home and have a buyer ask for something totally unexpected? Tell me about it on our Facebook page

https://www.facebook.com/seacoastrealty


Do you need a ninja negotiator? Find an agent on our website

http://www.seacoastrealty.com/




Ode to Realtors - What My Realtor Needs to Know

by seacoast_ashley 28. April 2015 08:34

There are moments, some huge and some just tiny snapshots, that mold my view of the places that I have called home. Some places were short-lived but still hold a snippet in my memory; some places are still in my life and fill my memory with family, happiness, sadness, smells, and sounds.


My current home is the one that seems to be taking up the most space in my brain. This home has seen my first years of marriage, first “adult” jobs, babies being carefully carried over the threshold. There have been old pets living out last days, and new pets exploring a yard for the first time. Children have taken first baths, taken first steps, and learned to dribble and shoot basketballs here.

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My family has grown, and is often the case with many sellers, I am having a hard time imagining making memories in a new house. I have narrowed down the wish list to things that my family will need in the future. Our little ones will not want to share a bedroom forever, and so we added an extra bedroom as a must. Our family will not always want to be in the same room, on the same couch, sharing the same blanket. A house with not quite so much of an “open floor-plan” was added to the must haves.


Whatever a seller’s reasons are for selling, most of the time it is not a rash decision, but rather one that involves replaying the memories of what made a house a home a thousand times over. There is the acceptance that at the sale of the house means that the memories of that place will stop layering in the mind and heart.


Here comes the great part! After the sale of our house we will begin looking for a new memory maker. We will excitedly begin imagining ourselves planting a garden in unfamiliar soil, or soaking in an amazing tub that we currently do not have, we will picture shutting the door to the kitchen! Adventure awaits!


Real estate brokers play a bigger factor in our lives than we ever really take time to think about. How do we choose our Realtor? These are the people that are often choosing the homes that they think would fit us and our families. These are the people that can visualize the future for us when we are unable to. Choosing a Realtor is way more important than I previously thought.


I realized very early on that I really needed to trust and like my agent. I needed to know that this person would understand that leaving our current home would be a BIG deal for us. That the whole experience was not just rooted in money. I also need a realtor that understands that I am making a decision for five people. All five people will be calling the next place home for quite some time. And, I want all five people to be able to build incredible memories in a place that they love.


To be able to convey to my realtor what this move is about, I need to define the word “home” for myself and each of my family members. For myself, home is a place where I can cook for and take care of my family, and a place that I can find space that allows me to calm down when poop, or throw-up, or a vast array of other liquid items hit the fan. For my husband, home would be a place that he is able to explore his surroundings, encourage our children to get dirty, spread his messes without fear, and pursue his artistic endeavors. For my kids this home will need to be a place that they feel safe, a place that allows them to grow both closer and away from each other, and a place that they will be able to make lifelong friendships.


My Realtor holds a huge amount of responsibility. The trust that we have for our real estate agent is immeasurable. We know that this person will guide us into the next phase of our lives. We trust that they will be educated, and will know where we can save some money. They will know the legalities, the way to fill out forms, our best options for everything from home inspectors to loan officers. We trust that they will be personable and kind and truly love what they do because we will surely need them to be excited on the days that we are not.  We trust that they will know where to find what it is we are looking for, and if they can’t find it, or if  it doesn’t exist that they will guide us in a way that opens our eyes to different possibilities.


This piece started as an Ode to Home and ended up as an Ode to Realtors! Home and realtors...like peanut butter and jelly!


Moving is a huge deal filled with lots of emotions. Why are you buying or selling? What kinds of traits are you looking for in your realtor? Tell us on Facebook

https://www.facebook.com/seacoastrealty


With well over 400 Agents, Coldwell Banker Sea Coast Advantage is the largest Real Estate Firm in Eastern NC, If You need a Realtor I would highly urge you to look here

http://www.seacoastrealty.com


Realtor.com article on What to Consider When Choosing a Realtor

http://www.realtor.com/advice/designations-understand/


Nice Article on Choosing the Right Listing Agent

http://www.frontdoor.com/real-estate/how-to-choose-a-great-listing-agent


Questions to ask Potential Realtors

http://realtormag.realtor.org/sales-and-marketing/handouts-for-customers/for-buyers/questions-ask-when-choosing-realtor

Meet Sean Skutnik and Brunswick

by seacoast_ashley 27. March 2015 05:53


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The word Brunswick conjures up two images for me...beautiful beaches and stew! I am comforted by both of these things. Sean Skutnik comforted a sweet abandoned pup some 8 years ago, and that pup was given the name Brunswick! Sean, a self described adrenaline junkie, is a Broker in our Leland office. Originally from Binghamton, NY, Sean has lived in Wilmington for the past 22 years. Living at the coast has given Sean the opportunity to explore his passions of motocross, biking, surfing, and just about anything else sports related. We are honored to have someone so willing to stop and help as a part of our Coldwell Banker Sea Coast Advantage team. This is Sean’s best friend, Brunswick’s story...


I was driving around on hwy 210 in rural Brunswick Co, when I encountered a pack of five puppies that ran across the road. It was near dusk. There were no houses in site, so I pulled over and got out of my truck. As I walked towards them all except one, jumped into a deep ditch with cat tails, mud, water, etc. The one that didn’t, surprised me and came running to me when I whistled. He was scared and immediately fell onto his back. I could tell he was in bad shape. He was very malnourished, hair was falling out, bugs and ticks were all over him. He was so cute though. I picked him up and put him in the passenger seat. He thoroughly enjoyed the AC blowing from the vents. He sat there like he belonged. I knew I had an amazing dog right then and there! I continued to look for the other puppies, but unfortunately they got off into the woods and it was getting dark. I regret not saving them all, but was glad to have saved one of them. His name is Brunswick Skutnik.


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Jumping forward to now, Brunswick is 8 years old, in great shape, and there is not one person he comes across that he does not like! He has the sweetest soul.He does so many funny things. He loves to hunt lizards around the perimeter of the fence during the warmer days. He has one squirrel that waits for him every day on the back fence that he thinks he will catch one day (while running after him with a ball in his mouth growling as if he is mean). If he did catch him he would probably only sniff him!

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On Saturday’s he enjoys the dog park and a trail run at, “Brunswick Nature Park” in Leland. I let him lead the way on the trail, and I follow on the bicycle. He keeps a good pace for about 1 mile before he gets pretty tired. Like myself, “Brunswick” loves adrenaline but loves his downtime too. He has his own chair, 2 beds to relax on, a screened in patio, and doggie door for keeping the back yard clear of squirrels and lizards! Brunswick is also proud to be the reigning “King Of Paw Jam” from the last event held at Battleship Park. Yep, he has it made!


Have you ever stopped to help an animal? Did it change your life?

Please share your rescue experiences with us on Facebook

http://on.fb.me/1CrGlx1

For great pics of rescue animals and products that make their life more comfortable follow us on Pinterest

https://www.pinterest.com/insideseacoast/

At Coldwell Banker Sea Coast Advantage we are committed to saving animals. We will be participating on March 28, 2015 in the Canines for Service Dog Dash. For more information on this great program or to donate visit

 http://www.caninesforservice.org/

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