Berkshire Broadcast

Buying a home is a process. Once a buyer writes an offer and has it accepted, the listing is placed in a state called “pending sale.” During this stage, the principals involved perform all the elements of the contract, and once complete, the title is transferred to the new owner.

Sounds simple, but this stage can become incredibly stressful if the contract milestones are not met on time, or if problems are uncovered. Typically, a home sale outlines the term for escrow of 30-60 days. During this time, inspections are completed and reviewed, the appraisal is ordered, and final loan approval is obtained. If there are no delays, the escrow will close on time and the buyer gets the keys to their new home.

Unfortunately, there are often delays in this

62 Views, 0 Comments

Tight labor markets are affecting industries across the country. Skilled and unskilled jobs remain unfilled as employers struggle to find prospective employees. For anyone ready to hire a contractor or handyman to perform home improvement projects, this shortage is causing frustration. As more people embrace the “staycation” and seek ways to upgrade their homes, many are finding few tradesmen to even come to provide estimates, much less schedule the work.

If you are trying to find good people to help with home improvement projects, there are still a few ways to achieve your goals. Here are a few tips to help you find a professional to help with your project.

• Social Media – One great way to find reputable laborers is to ask for help from local

101 Views, 0 Comments

Everyone expects to sign a contract when choosing a listing agent to help them sell their home. They understand that the agent needs to be protected as they spend out-of-pocket, upfront costs for marketing and other expenses. But often homebuyers are surprised when their buyer’s agent presents them with an exclusivity contract before taking them out to see homes. What is it, and should you sign it? This first question is, why would a buyer’s agent want to have a contract with a homebuyer anyway? The answer is simple; unlike other professions, real estate agents are paid only when a transaction is closed through a commission. All costs, including time and gas, are paid upfront.

This means that they are taking time to show you homes and negotiate on

74 Views, 0 Comments

One of the first things most potential home sellers do is view their home with a critical eye to determine what, if any, changes or renovations they should make before listing. Buyers love a turn-key home and often a few simple changes can mean thousands of dollars in profit for the seller.

Currently, these sellers are finding it very difficult to find contractors and tradesmen to help make these changes. Most of the country is experiencing a labor shortage and this has made finding help for home projects extremely difficult.

Pre-listing renovation companies have emerged to fill this void in skilled labor. Working with real estate agents to identify the right kind of renovations, these companies will perform the work before the home is listed

128 Views, 0 Comments

Tune in to the radio or watch TV in the evening and you’ll be bombarded with commercials offering incredibly low interest rates to refinance your home. These rates may sound enticing, and you may be wondering if it’s time to refinance your home loan. While refinancing can make financial sense in some situations, not everyone will benefit.

Most people consider refinancing to lower their interest rate. Even a slight change in the interest rate may add up to significant dollars over the life of the loan. When evaluating the new loan, remember to add in any additional costs. Ask if you will be responsible for closing costs or appraisal costs before jumping at a lower rate. The length of the loan is also important to review. Are you restarting the clock

149 Views, 0 Comments

When I began taking real estate classes in 2006 I was amazed at how much stuff I had to learn to pass a test. I passed the test, became an agent and I enjoyed myself thoroughly. When my son was born with some physical limitations, I was led in a new direction. I traded serving people in their biggest purchase to helping people recover following a fall or stroke. Then I found myself working in home health. I would drive from house to house all day. I was excited by all the different types of homes I got to visit all over Central Texas. I was open about my love of seeing homes with my patients and many of them loved telling me the story of how they found their home or why they love their home so much. Finally, I realized, "I still really love real estate

166 Views, 0 Comments

Don’t wait for spring to do some deep cleaning. Winter is coming and fall is a great time to prepare your home against the harsh winter conditions and hazards it can bring. A clean garage will not only help you store outdoor items from the cold, wet weather but can provide insight into your home’s condition.

Here are a few great reasons why you should clean out your garage this weekend:

• Organize Things You Need – Over the year, some things may have been moved or covered up. Find the tools you’ll need this winter such as snow shovels, tire chains, and winter clothing.

• Make Room for Cars – Snow, wind, and rain can be hard on cars. Winter is time to bring them into a weather-controlled environment. Since you don’t want them in your living

138 Views, 0 Comments

Every news article talks about the fact that it’s a “seller’s market.” This means that if you are selling your home, you’ve probably gotten a few offers from which to choose. While sales price is important, so are the contingencies attached to the offer. Understanding what these contingencies mean can help you choose the best offer from the pack.

5 Most Common Contingencies

1. Home Inspection Contingency – This allows the buyer the right of a professional inspection to determine the condition of the home. Generally, this must be performed within seven days and removed. The inspection will address any safety, fire, and system condition issues.

2. Appraisal Contingency – A professional appraisal will be ordered to ensure the price offered in

130 Views, 0 Comments

Imagine strolling down to your private boat dock each morning with your cup of coffee to watch the sun come up. While this might sound like something reserved for the rich and famous, the country is filled with opportunities to buy on a lake, river, ocean, and other waterways. From small streams suitable for canoes or kayaks to larger ocean-ready craft, before you write an offer on your dream home, there are a few considerations to think through.

4 Things to Consider before Buying a Boat-Access Property

1. Types of Boats Allowed – This is the most important consideration to research. Between local authorities and neighborhood associations, the kind of boat may be limited to length, engine, speed, height, and much more. Make sure the property

90 Views, 0 Comments

As we continue to see unprecedented activity in the real estate market, buyers often find they are too late to offer on recently listed homes. For the serious homebuyer, this can be frustrating, often causing them to make last-minute plans to run out and view homes, interfering with work and home life.

As employees and businesses have shifted to virtual methods of meetings and interaction, it’s natural for real estate to make the leap as well. Yet, buying a home completely virtual demands a unique approach. It’s not enough to simply view a home tour on the listing or Skype walk-through with the agent.

Fortunately, with the right approach, it is possible to buy completely virtually and still get the right information to make the best decision for

99 Views, 0 Comments