Don't Push It!

Nevada County CA Real Estate Update by The De Sena Group serves Nevada County area including Nevada City, Grass Valley, Alta Sierra, Lake of the Pines, Lake Wildwood, Peardale, Chicago Park, Cedar Ridge, Rough and Ready, Penn Valley and outlying areas....

When you are considering buying a home in these areas or any part of Nevada County remember: DON'T PUSH IT!

Many purchase offers contain what are called "Contingency Clauses", but just how many contingencies are too many? While an unsatisfied contingency allows a buyer to back out of the offer if certain requirements are not met by the sellers, it can also raise eyebrows when too many demands are included.

Of course, you want to protect yourself when you are buying a home, but you also want your offer to be considered seriously. Buyers who include too many contingency clauses in their Offer to Purchase may find themselves immediately rejected.

As far as title, most purchase offers already specify that the seller must deliver a marketable title. But what about a professional home inspector's report, a termite inspection report, building code compliance, and (in some areas) a radon inspection? Your Offer to Purchase should be contingent upon receiving satisfactory reports in all of these areas. There may even be some other local requirements, so you should definitely do your research before formulating your offer. Some local requirements in the Grass Valley, Nevada City and surrounding areas would be a Natural Disaster Disclosure, Right to Farm Disclosure, Mining Issues, etc.

As you can see, there are more considerations to making an offer than just price and closing date. You certainly don't want any nasty surprises, but you also want to protect yourself.

A qualified real estate professional can help guide you through the ins and outs of the purchase offer process, guaranteeing that your offer will receive serious consideration. Happy home hunting!

For a great buying experience, contact
the De Sena Group @ ERA Cornerstone Realty
stephen@desenagroup.com or call the office at (530)265-3369.

Compare Price Tags!

Nevada County--

Real Estate Update by the De Sena Group....serving Nevada County area including Grass Valley, Nevada City, Alta Sierra, Lake of the Pines, Lake Wildwood, Peardale, Chicago Park, Penn Valley and outlying areas....

When you are considering buying a home in these areas of any part of Nevada County, remember: Compare Price Tags!

Afraid you'll pay too much for your next home? Is there a way you can be sure you aren't overpaying for the homes of your dreams? There are three simple ways to gain assurance that the price you're paying is a fair one.

Always carry a pad and pencil or a computer with you. First, compare homes. See a selection of homes that meet your requirements. As you do, you'll begin measuring the value offered by each compared to the price asked. It shouldn't take long to eliminate those that are grossly overpriced. They tend to stand out from the rest. Many sellers confuse what they need with what the house is worth in today's market.

Next, ask a simple question when you see a home which appears to be a good choice. "Has this home been appraised?" If not, ask the real estate agent to provide details about other homes sold in the area. Compare them with the asking price of the home you are considering. Make all sales subject to an appraisal even if you are paying cash and not securing a loan.

Finally, if you are securing a mortgage, the lender will have the home appraised. IF it fails to appraise for the asking price, you should be able to renegotiate the price or have the option of withdrawing from the transaction. Ask the agent about your options if the appraisal comes back low. An experienced agent can best advise you of your options.

Although sellers want to receive the highest price possible for their home, overpriced homes tend to linger unsold on the market. A fair asking price is most likely to attract a full-price offer.

Stephen R De Sena

National Sales Trainer

Broker Agent

serving Nevada County since 1967

The De Sena Group

www.stephendesena.com

www.desenagroup.com

(530)265-3369