It’s a seller’s market on the Emerald Coast of Florida.  Real estate agents will tell you they cannot find inventory for their buyers! There are way more buyers than sellers and properties are selling almost instantly.

Instead of telling you how to WIN the house – I am going to tell you how to LOSE.  Use some of the following techniques and be sure to not get your contract accepted:

1. Don’t have a pre-approval or proof of funds letter.  Let the seller and her agent guess if you are qualified, because you told your agent you were.
2. Don’t offer full price or MORE.  Offer low. The seller will counter-offer yours because they don’t have other offers OVER asking (NOT!)
3. Don’t put down a reasonable amount for earnest money. Show them how un-serious you are.
4. Don’t use an “as is” contract.  Ask for the full repair limit, yeah – that will make you competitive.
5. Don’t ask seller to pay only their own closing costs.  Ask them to pay everything for you. They are desperate to sell, right?

I hope you understand my sarcasm. If you are serious about buying a house or condo in Destin or the surrounding towns, don’t fiddle around.  You will likely have ONE SHOT at getting your offer accepted.  Make it strong.

It’s Wendy… It’s Sold!

Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call 850-259-0422
Email Wendy: itswendy@rulnickrealty.com

Wendy Rulnick, Broker, sells real estate in Destin, Santa Rosa Beach, 30A, Miramar Beach, Crestview, Sandestin, Seaside, Rosemary Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Florida.

Do you want to know what your property is worth?

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Contact me for a custom analysis of your property value, including lots, houses, townhouses and condos. In addition, I will answer your questions on property improvement to let you know what upgrades may get you a better value, or suggestions to get your property ready to list. There is no obligation.

It’s Wendy… It’s Sold!

Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call 850-259-0422
Email Wendy: itswendy@rulnickrealty.com

One of the most confusing terms in real estate is “mortgagor”. Or should I say “confused” terms? It doesn’t follow the logic, seemingly, of similar words. Let’s take a look.

The “grantor” is the seller and “gives” the real estate to the “grantee” (the buyer).

The “lessor” is the landlord and “gives” the lease to the “lessee” (the tenant).

The “optionor” is the giver of an option to buy or lease to the “optionee”.

Are you catching the trend, so far?  But wait!

The “mortgagor” is NOT the giver of the loan.  And the “mortgagee” is not the recipient of the loan – it’s the opposite!

The mortgagor is actually the borrower, the “giver” of the security interest (or collateral) in the real property to the mortgagee (the lender) in return for the borrowed funds.

Got that?

It’s Wendy… It’s Sold!

Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call 850-259-0422
Email Wendy: itswendy@rulnickrealty.com

Wendy Rulnick, Broker, sells real estate in Destin, Santa Rosa Beach, 30A, Miramar Beach, Crestview, Sandestin, Seaside, Rosemary Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Florida.

This morning I received a somewhat terse email from an agent asking for a document related to a home sale. The agent represented the buyer and asked me to get a contract addendum to her right away.  Normally, I’m quite fast routing documents, so thought it was odd that I hadn’t already sent it. It’s been one of those weeks. Anyway, I responded quickly and said I would follow up.  I went ahead and found a copy on my phone and sent it to the agent. Since I hadn’t finished my morning coffee, it dawned on me slowly. Hadn’t I already sent it to her and to the title agent a few days ago?  I checked back and there it was – sent to both parties with a subject line.  Can you think of how many people would have re-forwarded the email to show that the task had already been completed? Or said – “I already sent it to you”?  The point would be to make the other party feel like a dummy.  To feel less competent. To show off our better work practices.  I think this is tempting in human nature. I did not. I never said a word. Would you?

It’s Wendy… It’s Sold!

Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call 850-259-0422
Email Wendy: itswendy@rulnickrealty.com

Wendy Rulnick, Broker, sells real estate in Destin, Santa Rosa Beach, 30A, Miramar Beach, Crestview, Sandestin, Seaside, Rosemary Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Florida.