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The Hulkowich Group
REALTOR®
(972) 801-2430
Wendy Hulkowich, Lead Realtor, CLHMS, ABR, SRES
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June
28

First Thing When Thinking of Selling

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June
27

Existing Home Sales - May 2022

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June
24

Proper Pricing

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June
23

Home Prices Outlook

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June
22

When are the Negotiations Over?

The primary negotiation in a home purchase takes place when the contract is agreed upon that includes the price, closing and possession.   With inventory down over 19% in the past year and multiple offers being more of the norm than the exception, the first round of negotiations can be challenging.

Buyers and sellers alike feel relieved once it has resulted in an agreement, but experienced agents know there is more to come if there are contingencies for financing, inspections, or other things.  The competition for the home may be so tough that the buyer waived their rights for what would be normal contingencies.

Financing is one of the most common contingencies in normal situations but when multiple offers are involved, the cash offers tend to have the advantage.  If you don't have the resources to make a cash offer, the next best position is to be pre-approved with a commitment letter from the lender.  Arrange for the lender to confirm the pre-approval directly with the listing agent prior to the listing agent presenting the offer.

There have been buyers who know they don't have the cash to close and apply for a mortgage anyway and try to reinsert the provision outside of the contract.  Experienced listing agents will advise the seller to have the buyer provide proof of funds necessary to close and verify that they do indeed exist.

The purpose of an inspection is for the buyer to receive an objective evaluation about the condition of the home and its components to identify existing defects and potential problems.  The expense for inspections can be several hundred dollars and it's reasonable for buyers not to want to spend the money before they find out if they can come to terms with the seller.  From a different perspective, sellers want to know quickly if the buyer is going to reject the home due to the inspections because they could be losing time.   For that reason, inspection time frames are limited to a few days from acceptance of the offer.

Sometimes, buyers will expect sellers to make all the repairs listed on the report and this is where the second round of negotiations begins. If the seller refuses, the negotiations can go back and forth until the other party accepts the offer on the table.

When purchasing a new home from a builder, it is expected for everything to be in working order; after all, it is new.  However, it is reasonable to expect that existing homes, that are not new, have a different standard.  While it's understandable that buyers would want to be aware about major items that are not in "working order", normal wear and tear of components based on its age should be expected.

In a highly competitive seller's market, buyers might do whatever they can to get their contract accepted, realizing that there is another place to negotiate when they're not competing with other buyers' offers to purchase.

The negotiations involved in a home purchase are not complete until the buyer and seller have signed the papers and the title has passed to the buyer.  Up until the closing is finished, any item that comes up could prolong the negotiations.

For this to be a WIN-WIN situation, both seller and buyer must feel good about the negotiations that led to transaction closing.  Neither party should feel that the other party had an unfair advantage over them.

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June
21

Inexpensive ways to prepare your home to sell

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June
20

Add These Gadgets to Your Kitchen

Kitchen tips

A beautiful, functional kitchen is one of the home's greatest assets. If you love cooking or wining and dining company on the weekends, investing in the kitchen is a great way to wow your guests.

Cooking just happens to be one of our favorite hobbies, and our real estate agents are always investing in the latest and greatest kitchen gadgets. But what kitchen gadgets will you actually utilize, and which ones will just collect dust? If you're looking to enhance your cooking skills or just make things more convenient, here are some of the best gadgets to add to your kitchen:

An Air Fryer
Love the taste of crispy, deep-fried cuisine, but don't love the calories? An air fryer might be a great option for you. You can air-fry almost any type of food, and the entire process is quick and easy. This gadget makes cooking a delicious dinner a breeze.
  An Immersion Blender
If you're looking for a quick and easy way to blend smoothies, soups, and stews, invest in a good immersion blender. Traditional blenders can take up a ton of counter space, but immersion blenders are small and easy to store. 

A Waffle Maker
Waffles are the staple of any brunch, and a nice waffle iron makes them super easy. Use it to serve up some fresh, tasty waffles to your friends on the weekends. Waffle irons can take up some storage space, so if your cabinets are too small, it might be time to upgrade to one of these Dallas homes for sale.

A Manual Food Chopper
Looking to break up ground beef in the frying pan? Lose the spatula and invest in a manual food chopper instead. These gadgets make it simple to separate meat, and the best part is -- they don't damage your cookware. 

A Spiralizer
Spiralizers have traditionally been used to thinly cut pasta, but now they're the go-to item for creating your own zucchini noodles, sweet potato noodles, or even creating thinly sliced potatoes. This gadget makes it super easy to prepare healthy meals.

An Electric Kettle
If you drink a lot of tea or enjoy pour-over coffee, an electric kettle will change your life. Just fill it up with water, plug it in, and press the button, and you have boiling water in just a couple of minutes.

An Electric Can Opener
Sometimes a manual can opener can be tricky to use and can occasionally get stuck. An electric can opener takes away the unpredictability of opening a can by making the process quick and easy.

The Traditional Toaster Oven
The basic toaster is limited in its functionality, so it might be time to upgrade to the toaster oven. These small, compact appliances fit nicely on the counter and can not only make toast but can also be great for heating up any leftovers.

The Instant Pot
You're sure to find Instant Pots in the kitchens of many of these Fort Worth homes for sale. So many people swear by The Instant Pot -- it makes cooking super easy. This revolutionary kitchen appliance is a pressure cooker, slow cooker, and food warmer all in one. You can put almost anything in The Instant Pot.

Cooking is fun and easy when your kitchen is equipped with the best gadgets and appliances. For more tips on how to make the most out of your kitchen, contact us today.

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June
20

Mortgage Type Acquired

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