Are you a responsible pet owner?

Responsible Pet Owner Tips:

  1. You know the signs of a healthy pet and monitor them for any changes: Fresh breath, shiny + clean coat, consistent lean weight.  If anything changes, contact your vet as they can be signs of something else that needs medical attention.

  2. You take your pet for annual checkups (bi-annual for senior pets).

  3. You feed your pet a healthy diet.

  4. Your pet is exercised regularly and is kept at a healthy weight.

  5. Your home is pet-proofed and safe for your pet: no poisonous plants, no unattended candles, no wires to chew.  Pet-proofing is often species appropriate and seasonal, so keep a safe environment in mind year-round!

  6. Your pet is leashed and under your control and supervision when you are out.
  7. Your pet is microchipped or has an ID tag 24/7 with your phone number on a collar (never removed it).

 

I am always available for your Real Estate questions or needs.

Stella Bonin
Associate Broker

West USA Realty (Arizona)
Burke Real Estate Consultants (California)
480.797.4884 / 619.250.6214
stella.bonin@yahoo.com

Follow me on Twitter: @stellabonin1

Join my Facebook International Real Estate Group: https://www.facebook.com/groups/irealestate/

https://www.facebook.com/myrealestateservices/

I am licensed in California and Arizona and we have a great team to serve you with members around the world.

California Bureau of Real Estate Lic. # 01222569
Arizona Department of Real Estate Lic. # BR550696000

“Equal Housing Opportunity”

 

 

What are my selling costs going to be?

To make an informed decision about the arrangements and conditions for selling your property, you need to know the costs you will incur on a sale. Selling costs consume some of the price you will receive and thus reduce the amount of net sales proceeds on closing.

Selling costs you will likely incur in the preparation and sale of your property include:

  • Home inspection report (HIR): The fee a home inspection company charges to conduct an inspection of the property and provide an HIR you use to properly prepare your transfer disclosure statement (TDS) your agent hands to prospective buyers.
  • Structural pest control report and clearance: The fee a pest control operator charges to inspect and submit a report on their findings and the costs of repairs necessary to eliminate any infestation and repair any existing damage or condition allowing for infestation.
  • Compliance with local ordinances: The costs associated with retrofitting, curative permits and any repairs necessary to meet local ordinance standards as a requisite to a change in ownership.
  • Natural Hazard Disclosure (NHD) report: The fee charged by a third party for a review of the county records and the preparation and submission of an NHD report on the natural hazards affecting the property due to its location.
  • Smoke detector/water heater safety compliance: The costs incurred to install smoke detectors and water heater bracing to comply with local ordinances.
  • Home warranty insurance: The premium charged by a home warranty insurance company to issue a policy to the buyer.
  • Escrow fee: The amount charged for escrow services to process the closing of the sale.
  • Recording fees/documentary transfer tax: The combined recording fees and transfer taxes collected by the county recorder to convey title.
  • Title insurance premium: The premium the title insurance company charges to issue a policy of title insurance on your conveyance of the property.
  • Reconveyance fees: The reconveyance fees and recording fees charged when your mortgage is paid off to release the mortgage liens from the record title to the property sold.
  • Broker fees: The fees earned by the transaction brokers and paid on the close of escrow for the sale of your property.

Your agent estimates the expenses you are likely to incur on a sale of your property by preparing a seller’s net sales proceeds sheet and reviewing it with you when listing your property for sale and reviewing the merits of each offer received to buy your property.

Thinking about selling? Let me help make your home selling success or if you’re ready to begin the selling process, give me a call today!

Stella Bonin
Associate Broker

West USA Realty (Arizona)
Burke Real Estate Consultants (California)
480.797.4884 / 619.250.6214
stella.bonin@yahoo.com

Follow me on Twitter: @stellabonin1

Join my Facebook International Real Estate Group: https://www.facebook.com/groups/irealestate/

https://www.facebook.com/myrealestateservices/

I am licensed in California and Arizona and we have a great team to serve you with members around the world.

California Bureau of Real Estate Lic. # 01222569
Arizona Department of Real Estate Lic. # BR550696000

“Equal Housing Opportunity”

What to expect when making an offer?

During the initial stage of a real estate sales transaction, offers and counteroffers are prepared and submitted between buyers and sellers. When your offer is unacceptable to the seller they will likely make a written counteroffer to sell on different terms. If everyone is willing, a compromise in terms is reached, an acceptance occurs and a binding agreement is the result.

To be valid, your offer to buy needs to:

• show a serious intent to enter into an agreement;
• be definite and clear in detailing the essential elements of the purchase agreement and property identification; and
• be communicated to the person able to accept the offer.

On submission of your offer to the seller, it is either:

• accepted prior to its expiration; or
• rejected.

The seller’s acceptance of your offer forms a binding agreement. However, the agreement is typically not yet enforceable by actual performance — a closing — due to conditions stated in the agreement.

In contrast, a seller rejects your offer by:

• returning a signed, written rejection stating no counteroffer will be forthcoming;
• preparing and submitting a counteroffer, using either a counteroffer form or a purchase agreement form stating different terms; or
• doing nothing, and letting your offer expire — no response.

Without first preparing and submitting a counteroffer, the seller may make an inquiry into your willingness to consider different terms. The inquiry for clarifications or changes is not a counteroffer or rejection of your written offer. Such an inquiry does not bar the seller from a later but timely acceptance to form a binding agreement.

However, when the seller attempts to accept your offer by first altering its terms in some way prior to signing the acceptance provision, the change in terms creates a counteroffer to perform on different terms. The written counter is a rejection which terminates your offer.

The seller’s agent has a duty owed to their seller to present every purchase offer they receive, regardless of the terms offered or the form used to present it. However, neither the seller nor their agent has any legal duty to respond to an offer. A failure to respond to an offer does not automatically mean your offer was not presented to the seller. Further, the offer need not be prepared on a form to be enforceable.

In fact, the back of a business card may be used to make an offer. However, provisions in boiler-plate purchase agreement forms state the essential terms and conditions of an offer needed to make it clear, complete and enforceable when accepted.

Thinking about selling or buying? Let me help make your home buying or sell a success or if you’re ready to begin the buying or selling process, give me a call today!

Stella Bonin
Associate Broker

West USA Realty (Arizona)
Burke Real Estate Consultants (California)
480.797.4884 / 619.250.6214
stella.bonin@yahoo.com

Follow me on Twitter: @stellabonin1

Join my Facebook International Real Estate Group: https://www.facebook.com/groups/irealestate/

https://www.facebook.com/myrealestateservices/

I am licensed in California and Arizona and we have a great team to serve you with members around the world.

California Bureau of Real Estate Lic. # 01222569
Arizona Department of Real Estate Lic. # BR550696000

“Equal Housing Opportunity”

What will my homebuyer costs be and how much cash will I need?

To determine how much cash-on-hand you will need to buy the home, a trip to a couple
of mortgage lenders is necessary. Your visit with the lenders helps you determine:

• the maximum dollar amount of purchase-assist, fixed rate mortgage (FRM) funds you are pre-approved to borrow for the purchase of a property that qualifies as security for the mortgage; and

• the lender’s loan estimate of the dollar amount of all costs you will incur to obtain the maximum FRM you qualify to borrow.

The lender’s Loan Estimate, prepared on a uniform disclosure form for comparative shopping, includes your projected:

• monthly payments;

• taxes, insurance and assessments;

• closing costs; and

• total cash-on-hand needed to close
During the conferences with lenders, your agent inquires about any restrictions the lender may place on their different mortgage commitments. For example, a loan-to-value ratio (LTV) may require a minimum down payment of up to 20% of the price paid for a property. Down payments smaller than 20% require mortgage insurance, which is an additional expense to the monthly payment.

Also, the lender may place limitations on the seller’s payment of your nonrecurring transactional and financing costs, such as permitting the seller to pay all, a limited portion or none of the costs of acquisition and funding.

With knowledge of any lender restrictions, your agent is able to structure purchase agreement offers to shift large amounts of transactional and financing charges to the seller. Thus, the charges may be paid by the seller out of funds the seller receives from you, not paid by you separately, which reduce the funds you have available to buy property. By shifting acquisition costs to the seller, you can acquire a more valuable property with more amenities or make a larger down payment and avoid the cost of mortgage insurance since you will have more funds available to buy a home.

Thinking about selling or buying? Let me help make your home buying or sell a success or if you’re ready to begin the buying or selling process, give me a call today!

Stella Bonin
Associate Broker

West USA Realty (Arizona)
Burke Real Estate Consultants (California)
480.797.4884 / 619.250.6214
stella.bonin@yahoo.com

Follow me on Twitter: @stellabonin1

Join my Facebook International Real Estate Group: https://www.facebook.com/groups/irealestate/

https://www.facebook.com/myrealestateservices/

I am licensed in California and Arizona and we have a great team to serve you with members around the world.

California Bureau of Real Estate Lic. # 01222569
Arizona Department of Real Estate Lic. # BR550696000

“Equal Housing Opportunity”