Volume 10 | August 28th, 2019
Want to buy or sell? Call Brandon today at (707) 616-8752
Purchasing a home can be one of the most rewarding experiences life has to offer, but every reward comes with a degree of risk. For the majority of people, buying a home is the most expensive decision you can make, so its crucial that you understand the process which includes a handful of protections and pitfalls. The homes condition commonly becomes one of these pitfalls if you don't understand the purchasing process. Thankfully tools such as inspections, requests for repair and appraisals are all put in place to help the buyer gauge the value of their desired property. After you agree on a purchase price you would schedule all of your inspections, and once completed, you will receive your inspection reports. If the reports show that the home needs some repairs, you'd have three different options: requesting a price drop, requesting a closing credit or requesting that the seller have the repair items fixed during escrow (least common because of the extended time frame to allow the repairs). Similar to the initial price negotiations, the seller can either accept, counter, or decline your request for repair. If you can't come to terms regarding your request, you can simply cancel the sale and walk away with your deposit being that your inspection contingency is still intact. If you take anything away from this weeks newsletter, please let it be a better understanding of the purchasing strategy. If a seller won't budge from their listing price, there's a good chance that you can adjust it once you have a clear idea of the properties condition. To learn more about the buying process; including other protections, timelines, and commonly used terms, visit: BrandonBrownRealtor.com/buyers
  • New listings floated back down to earth with 61 this week.

  • Pendings rebounded nicely, bouncing back up to 52 from last weeks 42.

  • Sold properties remain on the lower side coming in below 30 for the second week in a row.
Want more info on the buying or selling process?
If you are considering buying or selling real estate, but don't know where to start, just click the button below which will take you to a ton of info on my website.
The Price of Money

Interested in current interest rates? Please call or visit Humboldt Home Loans for detailed information.

(707) 269-2334 - HumboldtHomeLoans.com

CalBRE - Lic # 01226140 NMLS #294953
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Thank you for taking the time to read this. I appreciate your patience as I iron out the wrinkles on the way to an informative and compact weekly report.

I look forward to working with you in the future!
Brandon Brown
RE/MAX Humboldt Realty
2222 Myrtle Ave, Eureka CA 95501
DRE# 02031396

www.BrandonBrownRealtor.com - 707.616.8752 - bbrown@humboldtrealty.com