What’s An Escalation Clause? The greater Kansas City metro is still a seller’s market. Currently, it’s still very common for sellers to receive multiple offers on their house. When that happens, it’s common to see offers that include an Escalation Clause, also known as an Escalatory Addendum. Simply put, an escalation clause states a buyer …
Cost vs Value: Market Value When purchasing a home, it’s important to understand the difference between cost vs value in real estate. In other words, asking price doesn’t determine market value. The best way to illustrate my point is with an example like this: Buyer #1 pays $350,000 for a house that was listed for …
How Successful Are ‘For Sale By Owner’ Sellers? If you’re thinking about selling your house, you may ask yourself: “How successful are ‘For Sale By Owner’ Sellers? Could I sell my house myself and save the commission?” If that’s you, here’s some information you may find interesting: According to The National Association of Realtors’ annual …
Imagine that you’ve found the perfect house. Congratulations! However, that doesn’t necessarily guarantee you’ll be living in your favorite house. There are simple things home buyers do that can ultimately cause them to miss out on their dream home. Do you want to see someone else living in your favorite house? Here are 4 common …
It’s that time of year! The weather is starting to break and people are spending their tax returns like free money. You know what that means…remodeling season has arrived! I was reminded of this last weekend during a trip to The Home Depot. For those who don’t already know, The Home Depot in Merriam is my …