Real Estate Roundtable & 2nd Homes

Real Estate Roundtable & 2nd Homes

This week I talked with USA Today on 7 tips for walk-throughs to do ahead of closing. There are a series of items buyers, sellers, and real estate agents should do to make closings successful and a non-event.

On this episode of Real Estate Roundtable on Echo TV (Watch Live) or Streaming on Facebook, we talk with Echo Realtor, Penny Burke Esq. Penny is one of my favorite Realtors and people. She is punny — (pun intended), wicked smart and a terrific problem solver. Penny had her own law practice including one of her cases “Pain and Gain”, that turned into a movie starring Mark Wahlberg and wrote a book, for widows inspired by her own Mother, called Granny Panties To Thongs, The Mourning After.

Penny does business all over but knows the country club communities and luxury homes in Jupiter and Palm Beach Gardens.
We talk with Penny not only about things to do for a successful walk-through but what to do ahead of schedule so that there are no issues at closing.

Topics we discuss are…

Collaborative versus adversarial relationship with other side

- Pre-inspections for Sellers
- Any inventory written up in writing, bullet point style and initialed by both sides
- Getting the inspection done as early as possible

- Talking over the items in need of repair with the inspector at the inspection or via Zoom/Facetime
- Using licensed repair people and putting all requests in an addendum
- Doing a re-inspection after the inspection
- Having everything done well before the walk-through
- Bringing a checklist (the contract) to the walk-through
- Walk-through should be a non-event if all taken care of
- Sellers should put a bottle of champagne and handwritten note about why they will enjoy the house to the Buyers. It is not only nice to do but usually wins a favor with the Seller if there is a surprise issue

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Also,

People often talk of their second homes as “investments. We dive into the differences, mindset of purchasing a 2^nd home and how to maximize your ROI. Read More…

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Interested in commercial space or rental properties? Check out our commercial and rental pages here as we specialize in both. Search for commercial space and rental homes.

Jeff Lichtenstein is owner and broker of Echo Fine Properties, a luxury real estate brokerage selling real estate in Jupiter and homes in Palm Beach Gardens, Florida. He has 20 years of real estate experience, has closed over a 1,000 transactions, and manages over 50 agents in a non-traditional model of real estate that mimics a traditional business model. Some publications he has been quoted in.

Feel free to ask him a question directly at [email protected].