After nearly three years of feeding our blog, we often feel like we have said it all before. This is because sometimes we have.
In this installment of Lazy Wednesday, I bring you my thoughts on writing a winning purchase agreement which was published last July on HGTV’s Frontdoor site. Due to some scary-looking legal contracts, republication of the article in its entirety here would land me in a headlock if not in court, but I have linked to the full article below.
When crafting a purchase offer, it is first important to understand the several truisms of the real estate sale.
- Homes will always sell at market value. Market value is determined by what a buyer is willing to pay.
- Market value is not a fixed, rigid price, but instead is a range of value. This is because no two buyers are alike. While one must have a pool, another will consider a pool a liability. I might not appreciate the wallpaper depicting whimsical garden gnomes, but you might be positively giddy that the extensive, wall-mounted bottle cap collection conveys.
- You, the buyer, are the market.
