When The Buyer Backs Out: Real Estate Sales SolutionsWhen The Buyer Backs Out: Real Estate Sales Solutions


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When The Buyer Backs Out: Real Estate Sales Solutions

The first time I sold a house, I had no idea that the buyer could back out of the contract partway through. I was taken aback when it happened to me, and my real estate agent had to explain the process of terminating the contract and requesting the earnest deposit. After the contract was terminated, I spent a lot of time researching why a buyer could back out of a sale, what I could do about it as the seller, and ways to minimize the risk of it happening. I created this site to share what I've learned in the hopes of preventing other homeowners from experiencing what I did. I hope it helps you to be better prepared as you sell your home.

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Having Trouble Renting Your Rental Home? 3 Tips to Make It More Appealing to Renters

Are you showing your rental property to potential renters but not getting anyone to sign the lease to commit to staying there? With so many options for rental homes on the market, renters are seeking a home that is in great condition. When prices are similar between two rental properties, renters start comparing what the differences are and what will make their stays more enjoyable. Here are three tips that can make your property more appealing.

Paint the Walls

A home can easily look like it has plenty of wear and tear just by looking at the walls. There could be scratches, furniture marks against the walls, and holes where somebody had a picture hung. This type of damage makes the home feel like it belonged to somebody else, rather than making the place feel new and refreshed.

Always select a neutral color instead of something bold and bright. You want the color to blend in with the furniture that the new tenant will have, not scare the tenant away from the home because they view painting as one more thing they will have to do when they move in.

Upgrade the Appliances

The two rooms that will be the most expensive to furnish are the bathroom and kitchen. While many bathroom fixtures can look timeless due to the white porcelain, the kitchen is another story. Old appliances can easily make a kitchen feel outdated and may even give off the vibe that the appliances could break at any moment.

Consider replacing your aging kitchen appliances with brand-new ones. A new stove, refrigerator, and dishwasher can give off the appearance that renters will have a brand-new kitchen, even if the cabinets are a bit older. A potential renter may even see a new refrigerator as being more energy efficient, which will save them money on their electric bills.

Fix Up the Floors

Carpeting is another aspect of a home that can easily see wear and tear from daily use. Tenants moving in and out frequently can put even more wear on the carpeting than it otherwise would see. Replace the carpeting if it looks like it has seen better days.

If you have hardwood floors that are old and scratched, now is the time to refinish them, since there isn't any furniture in the rental home right now. Pristine wood floors can really make a place look appealing to tenants who are looking for houses for rent.