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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3 Keys To Look For In A House When Downsizing To A Smaller Home From A Large One

Whether your family size is changing as your children leave the nest or you are just interested in living more conservatively, making the transition from a rather large house to a smaller residence can feel like charting new territory. It is definitely not an easy feat to make such a drastic change in your living situation, but it is doable if you are careful about looking for the right features in your new smaller home. Here are a few key features to look for when wanting to buy a home considerably smaller than your previous one.

Make sure the property you are considering has ample outdoor living space. 

You can sacrifice interior living space a little easier if you have plenty of room on the property to move around. It can be difficult to deal with tight quarters when you have been used to having a lot of room to move. exterior living spaces and amply sized backyards give you open areas to relax, entertain, and even erect extra storage buildings later on if you choose. Therefore, if you find a small house that fits your budget and has a good amount of exterior living space, you definitely could be happier with this than you expect.

Look for a home that makes good use of the available space. 

Some homes have certain rooms that seem massive compared to the rest of the house, which probably will not work when you are used to a much larger living space anyway. It is a better idea to look for a home that makes good use of the floor space, with rooms that are adequately sized without being overly large. If the home has a similar number of rooms as your bigger home, just laid out in a different way, it will likely fit your family much better.

Look for a home that has a logical number of necessary rooms for your current household size. 

In a bigger home, you may have lived with large closets in every room, more than one master bath, and even a totally functional office space. While you could probably be just fine without all the extras, what you can't do is go with a home that will not logically cater to the number of occupants. For example, if you have more than two or three people in the house, more than just one bathroom is pretty necessary.