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of Central New York

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Mohawk Valley

Value in Expertise

When you, the consumer team up with professional REALTOR’s who excel at what they do you really won’t be able to truly understand all that we do. Here is a condensed summary of the value in expertise when you hire a REALTOR.

 

  1. We shop properties for you online, spending several hours everyday searching new listings, price reductions, multiple MLS’s, and even further outside the box. We know all the websites and brokerages to check with tailored to your unique needs.
  2. We Prospect! From checking out new listings in person, to reaching out to potential buyers and sellers on behalf of our clients we know how to go after whatever it is you’re looking for.
  3. Classes & Continuing Education As Real Estate Professionals we are required to take certified continuing education classes every two years, but we also attend marketing classes, town meetings, chamber of commerce events, and reading articles on the local and larger economies. Real Estate is a never-ending learning experience and we always have our ears to the ground.
  4. We Pay upfront! The beauty for you is that we pay for all the marketing upfront, and we don’t make anything if we don’t make a sale with you. So it’s always in our best interest as well as yours to see a sale through.
  5. Offers & Counter Offers. Consistency is key to a smooth transaction, we are well versed in contracts and know how to negotiate to get you, our client, the very best deal.
  6. Inspections & Contingencies. You may think once you’ve got a contract it’s smooth sailing. Honestly you just finished with the easiest part. Inspections and tests can be the biggest hurdles in buying a home. A good agent is preset for home inspections and appraisals to ensure all questions get answered and nobody is mis-informed. Then if there are repairs needed, we renegotiate a second time for you.
  7. Putting out Fires. It’s not very often a transaction has little to no drama. Part of our job is to take care of the little things so you don’t have to.
  8. Keep Calm & Carry On. When some of those dramatic moments involve you and the pressure is on, we flip our hats and become your therapist until the light at the end of the tunnel appears!

– Now just think, with us, you get double the support!

 

This content was in part a condensed version of information provided by realtor.com 

Latent Defect

There are plenty of words in a vocabulary of a REALTOR that make the average person tip their head like a puppy and give a quizzical expression until it’s been explained. Possibly at great length… and multiple times. Honestly as a REALTOR, I can tell you we give that look often enough ourselves when the laws or bank regulations change.

“Latent defect” is one of those terms rarely used outside of the sale of real estate. But it’s an important part of the transaction and representation of the property being transferred. Latent Defect (as per law.cornell.edu website quoting Nolo’s Plain-English Law) means “A hidden flaw, weakness, or imperfection that cannot be discovered by reasonable inspection. It may refer to real property  or personal property. Discovery of a latent defect generally entitles the purchaser to a refund or a nondefective replacement”. 

Now this definition is the broad meaning of the word in all properties or tangible transfers that may take place, as in a car. However we are speaking in Real Estate terms. So what we take from this is that a latent defect is anything pertaining to a property that we cannot easily or reasonably account for but the owner should be aware of themselves.

The reason this is so important is because it is the sellers legal obligation to disclose any latent defect that they know about or should know about. Examples include a foundation crack in the garage hidden behind a wood pile, or an easement that cuts across the property for the town, service provider, land-locked neighbor, etc.

On the other hand a cracked window covered with shades isn’t necessarily a latent defect because it can be found rather easily by the buyer or their inspector. It should however be disclosed if it’s known.

And remember I am not a lawyer, and don’t pretend to be. As a REALTOR our professional knowledge is based off continuing education and experience, not legal schooling. Please consult a legal resource and always use legal representation when buying or selling real estate in NY State.

-Mindy Bradley of the Welcome Home Team

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