I want to sell my home, but what if I can't find a new
home to buy? By implementing a "Contingency" for replacement property into
your contract, buyers agree to provide flexibility of the escrow period to line up with
your new home purchase or close the sale freeing up the funds you may need for your
purchase and offering a "rent back" (often at little or no cost to you). To compete in
this current market, buyers are more willing to negotiate favorable terms for sellers
in order to get their offer accepted.
Should I obtain an appraisal before contacting
a Realtor? It is not necessary to pay for an appraisal up
front; a competent agent will provide local market data (the
same data an appraiser will use to establish value once your
property is under contract), compare and contrast upgrades
and improvements, and help you establish a list price for your
home. Appraisals are for the benefit of the bank issuing
the loan to verify that the value of the home supports the
contract price.
Real estate can be complex; it is important to lay the groundwork
before you list your home. Select an agent who will analyze your
needs, offer advice, and ensure the smoothest transaction possible
for you. If you have legal questions about real estate, you should
contact an attorney. Below are a couple of the common questions
I receive from my clients:
If you are not currently working with a Realtor and have questions, I am available to consult with you;
I may publish your question in next month's issue so that everyone can benefit from the information.
Loni Vogler, SRES • (951) 323-0633 • lonivogler@gmail.com
Owner/Broker Associate • DRE 01259246
3292 E Florida Ave, Ste A • Hemet, CA 92544 • www.lonivogler.com
| Four Seasons Hemet Herald | FEBRUARY 2022 | 17
