The Eric Stewart Group Blog
Trusted resource for local and national real estate news and trending topics, and everything you need to know about the buying and selling process.
What does the word “contingency” mean in sales, especially in real estate? Contingency is a simple word from Latin roots meaning to hold together. Wait, if it means to hold together, why is it known as a way out of a contract? Well, consider buying real estate without any contingencies. Would you purchase a home if you couldn’t inspect it, do an appraisal, or check for termites? Or have a loan contingency if you need to get a mortgage? No, hopefully you wouldn’t. You need the contingency to hold the contract together even though, if a contingency isn’t fulfilled, the contract will die.
How do you show your home to buyers when you have a pet? Pets are a part of the family for many home owners, and protecting Fido from running out the door when a buyer is walking through the property is of tantamount concern. Furthermore, some pets have annoying behaviors like incessant barking, or may even be aggressive and potentially harmful, so protecting the public from them is an issue. Let’s break this down from two perspectives: sensitivity to the pets and sensitivity to the buyers.
Our Market Ready Guide provides strategic advice and useful tips to get top dollar for your house when the time comes to sell.
Many homeowners are under the impression that open houses are a powerful selling tactic but, according to the National Association of Realtors®, only one percent of homes sell this way. Let’s talk about potential pitfalls of open houses that may have you rethinking this option.
Meet Eric Stewart, host of Pointing You Home and Seniors Solutions, at the upcoming Beacon 50+ Expos, taking place in Silver Spring, MD, on Sunday, October 14th at the Silver Spring Civic Center. Events will be held from 12pm – 4pm.
I’m often asked if there’s a fall real estate market and when it begins. I long assumed that there were two markets each year, the spring and the fall, as I'd been taught that for many years without stopping to challenge the assumption. The myth goes that there’s strong demand in the spring when the flowers come out; in the fall, after people are away and return after Labor Day, they will start looking for houses again.... but do they?
Earnest money deposits are one of the most critical parts of the home buying process. To show a seller that an offer is serious and made in good faith, a prospective homebuyer will include a check with their offer, for typically 1-2% of the purchase price.
Is sustainability important to buyers? When you are buying a home, the financial vernacular can get a little confusing. You have heard of earnest money deposits and down payments, but do you need one over the other? Do you need to accommodate for both? Are they the same thing?
Last night I met with a couple interested in moving to a larger home from their four bedroom, two-and-one-half bath, split level. Their main motivation for wanting to move is one of square footage; they’re interested in bigger bedrooms, a larger living room, and more kitchen space.
One of the most frustrating aspects of searching for a new home is the time wasted looking at properties that ultimately don't interest you.
I’ve heard of many kinds of scams over the years, but more recently I’ve seen a scam involving skimming money from unsuspecting tenants who are applying to lease residential real estate from an out- of-town landlord. Here’s the story.