Long time realtor and property management expert -- Chris Berger - tells you exactly what a Seller Concession Is & Why It's A WIN ForBoth Sides!

Join me on Substack for the latest Berger Points ---> https://bergerpoints.substack.com

Download my 1st Time Home Buyers Guide for FREE --> https://bergerpoints.com

In this Berger Point, Chris discusses why property disclosure Is Very Important for sellers and what can go wrong if diclosure is ignored or covered up.

Join me on Substack for the latest Berger Points ---> https://bergerpoints.substack.com

Download my 1st Time Home Buyers Guide for FREE --> https://bergerpoints.com

You know, recently I was working with homeowners.They were listing their home, but her big concern was what time the buyers can come to the house.

She didn’t want somebody just showing up any time.Well, always remember, Mrs. Seller, that you are in charge of when the buyers come.

And what I mean by that, you sit down with your listing agent and you set the times, say Monday, Wednesday and Friday, 11 to 5, and Saturday and Sunday, let’s go to 11 to 3.30, because if soccer practice or church or whatever, is involved but just remember you as the seller are in charge.

Now we as agents we schedule all the appointments through something called SHOWING TIME software. It's great. It keeps schedules organized.

Join me on Substack for the latest Berger Points ---> https://bergerpoints.substack.com

Download my 1st Time Home Buyers Guide for FREE --> https://bergerpoints.com

You know, people have pointed out for years and years why acreage on a property is important.
Now, there’s 43,560 square feet in an acre of land.

So if you’re looking at a listing and it might say one quarter acre, 0.4 acre, 0.6 acre, it gives you a sense of how many acres or how many square feet are on the property or encompass the property.

Why is that important?



Well, most people associate acreage with the amount of bathrooms that you can put in your home.

However, that’s not entirely true because what dictates how many bathrooms can be in your room is not how many square feet, but how many bedrooms you’re approved for by the town.

So if the town approves you of three bedrooms, you can then put three bathrooms in your home.

But you need the square feet or the square footage to accommodate that outside.

So that’s why acreage is important.So when you’re looking at a listing, look for one acre or better.


Join me on Substack for the latest Berger Points ---> https://bergerpoints.substack.com

Download my 1st Time Home Buyers Guide for FREE --> https://bergerpoints.com

You know, sitting here at the end of January, 24 hours of snow, two feet of snow, and up and down the northeast, it’s pretty bad.

I got to thinking about my fireplace and why a fireplace, a garage, and a pool are important to the buyer as well as the seller.

Well, let’s cover the fireplace first.

Well, you have a fireplace, you walk in, it could be in great shape, it could be not working

.But if it’s there, it’s such an advantage and it adds value to your house that you’re buying or selling.

Watch the whole Berger Point to get the details!

Join me on Substack for the latest Berger Points ---> https://bergerpoints.substack.com

Download my 1st Time Home Buyers Guide for FREE --> https://bergerpoints.com

Good afternoon this is Chris Berger your Hudson Valley realtor and it’s time for a Berger Point.

You know going into a closing, a lot of people don’t realize this, but once the buyer sits down to the table and is signing the mortgage, we kind of refer to as your commitment for life, when signing it.

Actually though, what happens is you do have three days of rescission.

What that exactly means as the buyer is signing for the mortgage, if they decide a day and a half later, two days, up to three days, they can cancel the mortgage and cancel the whole deal.

Join me on Substack for the latest Berger Points ---> https://bergerpoints.substack.com

Download my 1st Time Home Buyers Guide for FREE --> https://bergerpoints.com

Well, good afternoon, everybody. This is Chris Berger. It’s time for Berger Point.

You know, many years ago, I would ride past houses and you look at them.

And as you look at a home, you really take for granted many things that’s on the home, whether it has chimney, does it have a chimney cap?You know, it’s kind of obvious to see that. 

However, one of the things that I found out many, many years ago, how important a roof vent is.A roof vent, of course, it goes along the peak of the house.

What this vent does, is open.So the shingles are right up to these vents that runs across your peak.And the importance of this is that it actually allows your attic to breathe.

Join me on Substack for the latest Berger Points ---> https://bergerpoints.substack.com

Download my 1st Time Home Buyers Guide for FREE --> https://bergerpoints.com

Well, good afternoon everybody. This is Chris Berger and it’s time for a Berger Point.

I wanted to tell you about the agreement that a listing agent will present to the homeowner and it’s called an exclusive right to sell.

That gives that real estate agency the right to sell your home and gain commission.No matter who buys it.

So that’s very important.It’s a very common agreement.

Join me on Substack for the latest Berger Points ---> https://bergerpoints.substack.com

Download my 1st Time Home Buyers Guide for FREE --> https://bergerpoints.com

I’ve often said that when you go to apply for a mortgage, it’s a little like confession.

It’s miserable doing it, but once you get it done, you are beyond happy.So, what happens with that mortgage commitment? What does it say?

Well, it will tell the seller, as well as the buyer, that date you’re going to close.

That’s so important to both parties.

In addition to that, generally what will happen is that the seller will always continue to go through with the deal. The buyer will continue to go through the deal.

Join me on Substack for the latest Berger Points ---> https://bergerpoints.substack.com

Download my 1st Time Home Buyers Guide for FREE --> https://bergerpoints.com

Well good afternoon everybody this is Chris Berger. It’s time for a Berger Point.

You know, the big thing about closings —→ years ago they used to last anywhere between an hour which probably meant the buyer was closing with cash.

They were great to experience because they went so quickly.

Whereas other closings I’ve had going up to three hours and right down to the wire, literally when the bank was wiring the money to get the deal done.So what about today? What’s going on today?

Well, there’s a big thing called remote closings and it seems to be the trend.And what exactly does a Remote Closing mean?

Well, basically, the seller of the home, they pretty much pre-sign everything.

They pre-sign everything and they give their attorney the power of attorney and to receive the funds and they actually do not have to go to the closing.

Now on the opposite end on the buyer side generally the buyer — which is really nice — Today they can pre-sign probably —- I don’t know, maybe 30 pages.

And I don’t know if you’ve ever witnessed a closing or what goes on in a closing, but generally the buyer’s pages are literally a half inch thick and they’re just signing away, signing away and signing away.

Now with the pre-signing and also if you decide to give the power of attorney to your attorney, they can sign even further documents.

You can go to the closing, you can review them and you can really be in and out inside of 45 minutes, which makes it easier to go through.

Now, remember actually, as a buyer — they have three days to change his or her mind and reject the mortgage and back out of the deal.It’s called the right of rescission. (I wrote about it here)

And that’s standard with all the documents here in the Hudson Valley area. It’s happened to me in Carmel, New York.   So that’s my point.

Join me on Substack for the latest Berger Points ---> https://bergerpoints.substack.com

Download my 1st Time Home Buyers Guide for FREE --> https://bergerpoints.com