ADAM GARRETT

The earnest money deposit keeps the buyer honest and it's something that is a recourse for the seller to use if the buyer does something...

A first right of refusal, also known as a "kick-out clause" is a way to protect the seller when the buyer has a significant contingency that is unusual, such as a home sale contingency. Below I'll be sharing the main form on the subject used in Hampton Roads (in addition to the main picture above) as well as when to use one. When to Use a First Right of Refusal I typically don't recommend that buyers initiate 1st right of refusals, but acquiescing at times to seller requests

Related Visual Focus: Tips for Video Showings of Real Estate (i.e. a House) Adam Garrett's Video Visuals for Out-of-Town Buyers/Sellers...

Typically, getting a referral from Adam will be the best approach to finding an agent in an area &/or price range that Adam doesn't...

There are numerous ways to go about buying and selling a house at the same time. Basic Options for Sellers: Buy Before You List For those who don't need the proceeds of their sale in order to purchase something else & who are doing fine on cash reserves, buying 1st before listing your other property may be a safe bet. That ensures that you find something you like and are actually able to close on it. Sometimes you don't find out until the week of closing that something disast

Above: Berkley Bridge Opening in Norfolk - Image by Adam Garrett There are some factors to keep in mind when considering what areas you...

How a SE VA real estate agent can assist investors, via purchases, sales, receiving off market properties from wholesalers, marketing assistance, & more.

Disclosure On Changing Contractual Language Over Time & the Need to Refer to Your Contract Primarily The language below is accurate as of the date of this publication, but be sure to check your contract to ensure that the language hasn't changed and that no provisions are changed or crossed out on your contract. Walk-Through Inspection Basics You should perform a final walk-through inspection prior to closing. A walk-through inspection makes sure that (if applicable) all repa

In this article, I'll be sharing some specific options of things to consider doing in central & eastern VA as well as steps to find some additional options. Introduction Including Where to Find Things to Do Look Online - Places Like TripAdvisor & Google Maps will be some of the best places to look. TripAdvisor & Google Maps have different systems, and I like TripAdvisor's ranking system, though it doesn't have as friendly of a map as Google Maps for those things to do clos

In this article, I'll be sharing some common home inspection addendums in SE VA. Most images are courtesy the Real Estate Information Network. Where are REIN Forms Typically Used in SE VA? Here are the locations where REIN forms are typically used: The areas with the lowest % of REIN forms also have the highest % chance of other forms being used. Where are VR Forms Typically Used in SE VA? Here are the locations where VR forms are typically used: The areas with the lowest % o

Image above courtesy REIN & Domus Analytics for Hampton Roads The median market time is a measure of the housing market that helps you...

Many properties in the Hampton Roads area & some other parts of SE VA are in hurricane evacuation zones even if their home is not...

Appraisal guarantees are where a buyer makes an offer where they guarantee, cash at closing, to pay above the appraisal amount, typically...

Here I'm sharing the document used primarily in Hampton Roads for seller possession agreements in locations where REIN MLS is the primary MLS . What is it? A seller possession agreement for a seller, informally known as a “rent back” for the seller, is where buyer & seller close on a property, and for a certain time period, i.e. a week, a month, or a few months, the seller doesn’t vacate the premises. It’s most often done when the seller plans to purchase a home and the funds

If you find yourself getting into tickets or accidents due to distraction, or if you just want to reduce the possibility of the 2 while...

The digital options today with video, documents, & education in the home buying & selling process are extensive. Whether viewing a...

Above: Salamander in Middleburg, VA from a Points Stay: Image by Author While some people are very anti-credit card, and you are playing...

Renovation loans (rehab loans), are an option that can be viable, especially for singles with some liquid capital & time on their hands looking for a deal, although it’s important to look at the positives and the negatives and do things wisely. Common Fixer Upper Loan Types While there are many varieties of renovation loans (likely dozens - I work with 1 lender with 16 varieties), some of the most common are: VA fixer upper loan (least flexible & certain properties excluded)

Escrow Hold Back - is where a piece of real estate is purchased with money that the buyer or seller has put forward in escrow (from...

Here I'm publishing one of my many unpublished spreadsheets that I've used exclusively with clients in the past. Navigation: Be sure to notice the tabs at the bottom to toggle between categories. Also be sure to keep in mind the built-in calculators, with yellow locations for input and green locations based on calculations. Caveat: These are estimates from others, so prior to making a big decision on a purchase, I recommend getting contractor estimates rather than banking on