ADAM GARRETT

Disclosure On Changing Contractual Language Over Time & the Need to Refer to Your Contract Primarily The language below is accurate as of...

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

In this article, I wanted to go over some basics following the receipt of an offer(s) by a seller(s). Offer Basics Responding to an offer...

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

Image Courtesy Chuck Dunlap In this article, I wanted to go over in more depth sellers overpricing their home. 1. Higher market time...

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

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

Consider Your Primary Bank, Especially If You Have a High Relationship Status Tier That Guarantees a Rate Reduction Here are some...

So you've signed a buyer brokerage agreement and gotten another step in the process of a home purchase. In this article, I'll share about...

You may have seen the "We Buy Houses!" signs, received postcards from them, received calls from them, or received texts from them. I have received many of each for my own rental property & other properties, despite being a real estate agent. If you haven't yet, you probably will soon if you become a homeowner. In this article, I wanted to go into why to disregard these almost entirely, & how you can have peace of mind that if you sell with a real estate agent, you wouldn't be

Above: Image by Adam of a buyer before closing - used with permission In this article, I'd like to share some of the important...

Here is a video of me relatively briefly explaining the listing agreement & forms for disclosure: If you see anything that you have...

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...

In this article, I'm preparing sellers for closing. Caveat When Seller or Buyer Possession Agreements Are In Place When a seller or buyer possession agreement is in place, keep in mind that much of the below will be thrown off in timing. Refer to the terms of the seller or buyer possession agreement regarding timing. When no home inspection contingency remains, how confident should sellers be on closing? The primary hurdle after contract ratification between buyer and seller

Seller preferences highly vary, but here are some typical components of offers that sellers I represent appreciate, as well as other...

I often use Google Sheets. Here are some basic things to know in case you're unfamiliar. Basics to Note: Use a Laptop or a Desktop Preferably While it's possible to use a tablet or smartphone to edit a Google Sheet, it's much more user-friendly on a desktop or laptop. If you must use a smartphone, it's best to have the Google Sheets App downloaded, but know that it will still be more cumbersome to navigate, especially with large sheets. Edit Within Google Sheets It's best to

Once a home purchase contract is ratified, multiple buyer, seller, lender, title, inspection, and HOA-related deadlines begin moving simultaneously. The roadmap below provides a simplified overview of common next steps for buyers and sellers in Eastern and Central Virginia. Here I'll be going over various items regarding ratified contracts for buyers. REIN Offers vs CVR vs VAR Offers REIN Offers (Hampton Roads) CVR Offers (Greater Richmond) VAR Offers (In VA and typically, bu

It's not uncommon for me to have sellers asking me what I charge for commissions. I have a spreadsheet that goes over those figures in...

A common buyer brokerage agreement used in VA that those at my firm, Garrett Realty Partners (GRP), used to use is the Virginia Association of Realtors (VAR) Exclusive Right to Represent Buyer Agreement. I found that it wasn't ideal, and my dad (Greg Garrett, CEO of GRP) felt the same way. GRP now has brought back their own exclusive right to represent buyer form as of 2023. Below I'll be sharing the VAR agreement & the GRP agreement. Another option is the VAR Non-Exclusive R

So you've chosen a real estate agent, prepared your real estate for sale, and are ready to sign the paperwork. Now what? A lot of the...