Bethania Camilo - Coco,Early & Associates Star Division LLC

Posted by Bethania Camilo on 3/11/2018

When a house is sold, it’s generally expected that the seller will take all of their personal belongings along with them. This includes furniture, pictures, cleaning supplies, and appliances that weren’t included on the deal. This is all in the expectation that the buyer will have a clean property to move into. 

If a seller does leave personal property behind, what are the rights of the buyer? Buyers may wonder if they can move in and actually take possession of the home if belongings have been left behind. There are a few reasons that buyers may leave property behind including:

  • The item is actually a fixture and not considered personal property
  • The item could belong to a tenant (or former tenant)

In these circumstances, each state determines different rights and procedures that must happen in order for the property to be secured without hassle by the buying party.

What If There’s So Much Stuff It Impedes On Moving In?

In the case that a seller has left so many things that a buyer cannot even comfortably move into the property, the contract may be refused. If there’s an inordinate amount of furniture, trash, and personal belongings, you certainly have a good argument to not sign the final contract for the property. Your rights as a buyer do, however, depend on what exactly was written into the purchase contract for the home you’re buying. 

Hidden Items

If an item has been deemed hidden or buried, the buyers have a different circumstance on their hands. Many times, a buyer is obligated to hang onto these items for the seller. The items were not technically abandoned by the seller to the buyer. The buyer becomes what is called a “bailor,” or a keeper of the property, who needs to be an agent in the change of possession of the items.  

Possession Unknown

If the ownership of an item is unknown, the terms of the contract are held up. Standard contracts generally state that any items left behind by the seller have been forfeited to the buyer. If the contract says nothing about personal property, the buyer generally takes on the role of “bailor” again in this instance.

If The Property Owner Has Died Or The Property Has Been Abandoned

If a property has been abandoned due to foreclosure or bankruptcy, or the property owner has died, any personal property that is left behind is a bit more of a risk for both parties. These circumstances generally state that a buyer will be taking on a property “as is” and essentially anything left is the buyer’s problem. 

If a property owner has died, the executors generally take on the responsibility of removing items from the property to be distributed to the rightful beneficiaries. Occasionally, this process doesn’t work out due to family quarrels. In this case, personal property of the seller goes into the category of forfeiture. 

Personal property is just one reason why you need to understand your legal rights when you’re buying a home.

Posted by Bethania Camilo on 2/11/2018

Ready to negotiate the purchase of a new home? Ultimately, employing a real estate agent may help you avoid the stress and anxiety that is commonly associated with a homebuying negotiation.

There are many reasons to hire a real estate agent to handle a homebuying negotiation, including:

1. A real estate agent understands the art of negotiation.

A negotiation is a high-pressure situation, one that may be difficult to navigate on your own. Fortunately, a real estate agent understands what it takes to help a homebuyer get the best price for a house – without exception.

With a real estate agent at your side, you can receive support from an experienced negotiator.

A real estate agent possesses extensive skills and know-how, particularly when it comes to homebuying negotiations. This housing market expert will be able to negotiate with a home seller and ensure all parties are satisfied with the end results.

Furthermore, a real estate agent will dedicate the necessary time and resources to complete a successful homebuying negotiation. He or she will go the extra mile to negotiate with a home seller to help you acquire a home that matches or exceeds your expectations.

2. A real estate agent will keep you up to date at all times.

If you employ a real estate agent, it is important to know that this housing market professional will keep you informed throughout a homebuying negotiation. Lucky for you, a real estate agent will provide updates as you try to acquire your dream residence at a price that matches your budget.

A real estate agent acts as a liaison between you and a home seller. He or she will keep you up to date at each stage of a homebuying negotiation and will require your approval on any homebuying decisions.

Also, a real estate agent will provide suggestions during a homebuying negotiation. As a homebuyer, you always have the option to accept or reject this housing market professional's suggestions.

3. A real estate agent is unafraid to be honest with you.

Although a real estate agent will do everything possible to help you streamline a homebuying negotiation, he or she will provide honest, unbiased recommendations as well.

For example, if you want a home seller to drastically lower the price of a home after a property inspection, a real estate agent will handle your request. And if a home seller rejects your proposal, this housing market professional will provide you with feedback and help you map out your next step accordingly.

A real estate agent will be able to respond to any concerns or questions that you have during a homebuying negotiation too. As such, he or she can provide a valuable resource and offer homebuying insights that you may struggle to obtain elsewhere.

Don't let the complexities of a homebuying negotiation overwhelm you. Instead, collaborate with a real estate agent, and you can speed up the process of purchasing your ideal residence.

Posted by Bethania Camilo on 12/10/2017

Let's face it – homebuyers often face intense pressure. In many instances, dozens of homebuyers may compete for the same residence. And if you don't act quickly, you risk missing out on your dream house to a rival homebuyer.

Believe it or not, it sometimes can be beneficial to take a wait and see approach to buying a house. Some of the key reasons for homebuyers to consider deploying a wait and see approach include:

1. You can determine exactly what you want in your dream house.

Differentiating between must-haves and wants can be tough, particularly for homebuyers who are shopping for residences for the first time. Fortunately, if you take a slow, gradual approach to homebuying, you can view a variety of residences and narrow your search accordingly.

Oftentimes, homebuyers can benefit from attending open houses and getting a firsthand look at myriad residences. Each open house provides an opportunity to analyze a home, review its pros and cons and determine whether a residence is right for you. As such, homebuyers can attend many open houses to better understand what they want from a dream residence.

2. You can get your finances in order.

Although you know you want to buy a house, getting your finances in order may prove to be hassle. Luckily, homebuyers who implement a wait and see approach can find a mortgage that matches their finances perfectly.

Ideally, a homebuyer should meet with several banks and credit unions and explore all of the mortgage options at his or her disposal. During each meeting with a mortgage lender, a homebuyer can receive expert insights into many mortgage options.

A homebuyer may want to get pre-approved for a mortgage as well. If a homebuyer embarks on a search for the right mortgage today, this individual can move closer to entering the housing market with a budget in hand and simplifying his or her home search.

3. You can find the perfect real estate agent.

Ultimately, the real estate agent that you select may dictate the success of your quest to find your dream residence. If you allocate the necessary time and resources to hire a hardworking and experienced real estate agent, you should have no trouble streamlining your home search. On the other hand, if you rush to hire the first real estate agent that you meet, you risk making the wrong choice.

When it comes to finding the perfect real estate agent, it pays to be patient. By spending some time learning about various real estate agents in your area, you can select a top-notch housing market professional to guide you along the homebuying journey.

Lastly, don't forget to select a real estate agent who is available to respond to any homebuying concerns and questions, at any time. With this housing market professional at your side, you can boost your chances of discovering your ideal residence.

There is no need to rush to find your dream home. Instead, take a wait and see approach to buying a house, and you may reap the benefits of your decision for years to come.

Categories: Buying a Home   buying tips  

Posted by Bethania Camilo on 11/5/2017

When you’re ready to buy a house, it would be easy to just pick a house and sign the papers, right? Too bad it doesn’t work anything like that! Besides getting your finances in order, there are plenty of things that you should do ahead of time to get yourself ready to buy a home. Choosing a relator should be high on that list of priorities.  

Do Your Research

There’s plenty of ways for you to search for a home before you even start in order to decide what you might like before you even set out with a realtor. Once you start working with a realtor, they’ll be able to set up alerts for you to get via e-mail where you’ll be able to see new properties that have just been listed and price changes to previously listed properties. 

Let Your Realtor Do Their Job 

Realtors are experts in homes. It is in their job description! Your realtor will do the research on prices and property details. An important aspect of the housing search is finding the price of similar homes in the area. This is key to making your offer. Your real estate agent has all of the information that you need.

Hang Out With Your Realtor During The House Hunt

When we say that you’ll have a close relationship with your realtor during the home search process, we mean it. Coordinate with your realtor to go to open houses. Your agent will either accompany you to the open house or make appointments for private showings of properties. Even if you have to bring your child and a carseat, your agent will be more than happy to accommodate you! 

Mention Properties You See When You’re Out And About

The realtor has your criteria of what you’re looking for in a home. However, if you’re out and see a home for sale that intrigues you, write down the address and contact your agent about it. They can either arrange a private showing of the property or advise you otherwise. Many times, a property may be out of your price range or have strange circumstances. However, occasionally, agents and computer software miss things! It’s always good to be on the lookout and seek more information.      

Don’t Hesitate To Really Look Around A Property

Although you may feel that you’re being a bit invasive by opening drawers, closets and doors in a home, it’s very important to! You need to see how you can make the best use of the storage space within the home for yourself. You’ll also want to make sure there’s no significant damage or hidden features that you’re missing out on.

Most importantly, remember that your realtor will be your ally throughout the house hunting process.  You want to make the best use of the great resource that your realtor is!  

Posted by Bethania Camilo on 8/4/2016

With the sun shining and the lazy days of summer upon us (and sadly nearing all too quickly), the thoughts of being able to pop into your own vacation home anytime you like is VERY appealing, right?  While the market may seem just about right for you to take the plunge, there are just five things to consider before you jump in to that decision.

  1. Get pre-approved.  It sure seems obvious, but this is just a gentle reminder.  It would be horrible to find that perfect home and still have to go through all the paperwork to make a final deal.
  2. Find the perfect location.  While the secluded beach and waves are perfect for you, if you intend to rent out the property make sure the area is appealing to a majority of people.  Know the culture of the area, the community and what the area offers for amenities.
  3. Once you find it, stay there for a few weeks and see if you still love it.  It’s one thing to enjoy a special place for one week at a time, but what’s your feeling when you’re there for two or three weeks, even a month?  Find a rental property in the area before making your final decision and make sure it is a home and an area where you’d like to stay for an extended period of time.
  4. Know your budget.  There’s nothing worse than finding a home where you love and suddenly getting in over your head.  The point is to find a home where you can relax and enjoy.  If you start in over your head, you’ll never enjoy your peace and quiet time there.
  5. Avoid on the spot decisions.  Even if you think you have found love at first sight, at least sleep on it for one night.  Don’t jump too quick.  Make sure you have those same feelings in the morning too.  If so, go for it!

Throughout this entire process, having a reliable and educated real estate agent by your side can ensure you find your vacation home within your budget, in the perfect location and give you the peace of mind of to enjoy it for many years to come!

To see many options for your home, second home and vacation homes, visit today!


Categories: Buying a Home