Kenn Renner's (kennrenner) Blog

You are encouraged to hire a state licensed property inspector. Your inspector will check out the entire property from top to bottom. Structural items will be inspected such as foundations, roof coverings, walls, doors, windows, fireplaces, even sidewalks and patios. Electrical systems will be te...

As part of the purchase agreement the seller will give you a written seller’s disclosure statement. This tells you everything the seller knows that is wrong with the property and any events that have happened that the seller was aware of such as leaks, fires, or insurance claims. But you aren’t g...

The fourteen page (+) agreement you signed is filled with conditions that need to be satisfied before you can close. Every paragraph in the agreement contains conditions or “contingencies” that will be satisfied as you work through the process. The good news is most of these conditions are handle...

Along with your option period, you will have a financing contingency period. Although you are already pre-approved with a lender, you will now move toward full loan approval. Your purchase contract will be forwarded to your lender and an appraisal of the property will be ordered. Not only do you ...

Once your purchase agreement has been executed and your earnest money deposited with the escrow/title company, the process towards closing (home ownership) begins. A flurry of activity takes place once your contract is executed. The escrow/title company cashes your earnest money and puts it in th...

Buyer’s remorse is a common phenomenon that happens in nearly every home purchase. It is important that you work through it. Let’s face it, buying a home is a big commitment. Buying a home ranks in the top five most stressful things you can do. So, emotions run high and pressure can build and som...

Believe it or not, your agent’s reputation and track record will also make a difference in both the quantity and quality of information you can get from a listing agent and how seriously they take your offer. A highly reputable, high volume real estate professional making the call to the listing ...

Negotiating the best price and terms for a home is an art. And like most art forms, it requires practice and expertise. It’s another reason why you want your real estate agent to be an excellent negotiator (I recommend making this a top requirement in your choice of professionals). You and your a...

Your goal is to negotiate the best deal for you. Keep in mind that the best deal should be a win-win for all involved. Your real estate professional will sit down with you and prepare an offer to purchase. This purchase contract or purchase agreement will spell out all the terms and conditions th...

Once you get serious about making an offer on a home, your real estate professional will contact the listing (seller’s) agent and ask questions about the seller’s “situation.” This call is to probe the listing agent to get clues as to the urgency and motivation of the seller. Your professional wi...