Posted by Sharon Lanen Coskren on 6/22/2018

From the time an offer is made on a property, and the deal is done, you may face quite a few challenges. Whether you’re buying or selling a home, the process can be dizzying. There are a lot of things that go on from the time an offer is accepted, and the closing table is reached. The entire process of home buying and selling is designed with built-in protections to help both buyers and sellers avoid feeling a lot of regrets. Below, you’ll find some familiar situations in the buying and selling process, and what’s available to help you avoid disappointment.


Once An Offer Is Accepted, Is It Binding? 


If you were overzealous to accept an offer on the home you’re selling and wish you had looked at others before making a decision, you’re not out of luck. Once you’re under contract, you’re obligated to sell to a buyer. The reason you may want to look at other offers is that it doesn’t hurt to have a “backup” buyer. If something falls through with the first buyer, the second buyer in line becomes automatically under contract. While you may not necessarily sell for more, in this case, there’s a sure way available to help you sell your home fast. 


The Buyer Doesn’t Have The Financing They Thought They Did


If a buyer’s financial backing falls through or if the buyer is unable to get financing by the closing date, as a seller, you can walk away. Any financial changes to the contract that would impact you as a seller including a change in the type of loan, downpayment amount, or any variation from the contract terms allow the seller to end the contract unscathed. 


Something Wasn’t Disclosed About The Property


Not everything is required to be disclosed by a seller. It all depends upon the rules within the state where you are buying. Understand what’s required to be revealed. If you feel uncomfortable with something, you can inquire about it, or add a contingency to have the problem addressed. Things like a death on the property can't be changed, for example. Your state may not even require that these events be disclosed.


The Home Inspection Raised Some Concerns 


If the home inspection reveals some issues that the seller isn’t willing to fix, you have the right as a buyer to walk away. In many cases, these problems would be things like wiring or plumbing issues. 


The Property Appraised For Less Than The Offer


If the property appraises for less than what you offered for the home, you may feel quite upset as a buyer. Don’t worry! There are a few things that you can do. Lenders won’t give you more than what the property appraises for. You can, however, bring more of your own cash to the closing table. You can also wait for the seller to adjust the asking price, or withdraw your offer altogether. The problem with the last solution is that you may lose any earnest money deposits      





Categories: Uncategorized  


Posted by Sharon Lanen Coskren on 6/21/2018


231 Chestnut St, North Andover, MA 01845

Old Center

Single-Family

$899,900
Price

12
Rooms
5
Beds
3/1
Full/Half Baths
DECK PARTY SATURDAY 12:30-2:00. Tucked back on a sprawling lawn, welcome the warm summer days ahead with outdoor dining and relaxing on the expansive cedar deck with pergola. You can just picture barbecues and ballgames on this lovely flat lot. The grand foyer welcomes you to this delightful home. Three season full length sunroom is surrounded by windows and offers great space for catching the cool cross breezes. Oversized light filled living room with soaring ceilings opens to dining room and is great for entertaining.The kitchen boasts a Garland commercial 6 burner stove with double ovens and brand new quartz counters. Bring the outdoors inside in the delightful atrium off of the kitchen which offers a sunlit nook to read a good book. Cozy wood burning fireplaced family room is the heart of the home with new hardwood floors. Multiple options for bedrooms on the first or second floor plus a third floor teen/aupair suite. An easy walk to Old Center and schools.
Open House
Saturday
June 23 at 12:30 PM to 2:00 PM
It's a deck party! Join me for refreshments and a tour of this magnificent home Saturday, June 23rd 12:30-2. Private showings are also available.
Cannot make the Open Houses?
Location: 231 Chestnut St, North Andover, MA 01845    Get Directions

Similar Properties





Categories: Price Change  


Posted by Sharon Lanen Coskren on 6/21/2018


111 Marian Dr, North Andover, MA 01845

Single-Family

$575,000
Price

8
Rooms
4
Beds
2/1
Full/Half Baths
OPEN SATURDAY 1:00-2:30! NEW PRICE. Enjoy serene tree lined views from the backyard of this lovely colonial on a quiet cul de sac. Spend summer days relaxing on your screened in porch enjoying all that nature has to offer. Lots of lawn plus deck for barbecues, games and summer activities. When it gets colder, light filled family room overlooks private backyard offering you a quiet retreat. Nice front to back living room and spacious eat in kitchen provide plenty of room for entertaining. Great mudroom/laundry combination on first floor makes it easy to get organized. Second floor has oversized master suite with window seats to relax and enjoy your morning coffee. There's also a sitting room and master bath plus three additional bedrooms. Bonus finished space in lower level is perfect for workouts, playroom and home office. Freshly painted interior. All of this plus an easy commute to major highways, shopping and dining.
Open House
Saturday
June 23 at 1:00 PM to 2:30 PM
Cannot make the Open Houses?
Location: 111 Marian Dr, North Andover, MA 01845    Get Directions

Similar Properties





Categories: Open House  


Posted by Sharon Lanen Coskren on 6/21/2018


111 Marian Dr, North Andover, MA 01845

Single-Family

$575,000
Price

8
Rooms
4
Beds
2/1
Full/Half Baths
OPEN SATURDAY 1:00-2:30! NEW PRICE. Enjoy serene tree lined views from the backyard of this lovely colonial on a quiet cul de sac. Spend summer days relaxing on your screened in porch enjoying all that nature has to offer. Lots of lawn plus deck for barbecues, games and summer activities. When it gets colder, light filled family room overlooks private backyard offering you a quiet retreat. Nice front to back living room and spacious eat in kitchen provide plenty of room for entertaining. Great mudroom/laundry combination on first floor makes it easy to get organized. Second floor has oversized master suite with window seats to relax and enjoy your morning coffee. There's also a sitting room and master bath plus three additional bedrooms. Bonus finished space in lower level is perfect for workouts, playroom and home office. Freshly painted interior. All of this plus an easy commute to major highways, shopping and dining.
Open House
Saturday
June 23 at 1:00 PM to 2:30 PM
Cannot make the Open Houses?
Location: 111 Marian Dr, North Andover, MA 01845    Get Directions

Similar Properties





Categories: Price Change  


Posted by Sharon Lanen Coskren on 6/19/2018


231 Chestnut St, North Andover, MA 01845

Old Center

Single-Family

$970,000
Price

12
Rooms
5
Beds
3/1
Full/Half Baths
Tucked back on a sprawling lawn, welcome the warm summer days ahead with outdoor dining and relaxing on the expansive cedar deck with pergola. You can just picture barbecues and ballgames on this lovely flat lot. The grand foyer welcomes you to this delightful home. Three season full length sunroom is surrounded by windows and offers great space for catching the cool cross breezes. Oversized light filled living room with soaring ceilings opens to dining room and is great for entertaining.The kitchen boasts a Garland commercial 6 burner stove with double ovens and brand new quartz counters. Bring the outdoors inside in the delightful atrium off of the kitchen which offers a sunlit nook to read a good book. Cozy wood burning fireplaced family room is the heart of the home with new hardwood floors. Multiple options for bedrooms on the first or second floor plus a third floor teen/aupair suite. An easy walk to Olde Center, playground, Stevens Coolidge and schools plus easy highway access.
Open House
Saturday
June 23 at 12:30 PM to 2:00 PM
It's a deck party! Join me for refreshments and a tour of this magnificent home Saturday, June 23rd 12:30-2. Private showings are also available.
Cannot make the Open Houses?
Location: 231 Chestnut St, North Andover, MA 01845    Get Directions

Similar Properties





Categories: Open House