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Nick Fong’s real estate tips: What is soft closing in real estate?

If you want to close your real estate deals faster, you’ve come to the right place.  Presented by Nick Fong of Ronival Real Estate, learn how to close your deals faster along with other great real estate from the number-one broker in all of Mexico   Nick is the founder and broker of Ronival Real Estate and he loves sharing his great insight with those who wish to sell real estate.

To begin, learn about soft closing.  Then, learn even more real estate tips and advice from one of the best in the business.  Therefore, continue reading to learn more.

Close deals faster with soft closing

While most real estate transactions are completed with a hard closing, which is a title transfer exchanged for the full purchase price, a soft closing is different.  Soft closings are done when the paperwork isn’t ready for a title transfer.  Using a “promise to trust” or a “promise to purchase” contract drafted by a real estate attorney allows The Possession of the purchase price funds to be released to the seller.

With a soft closing, the buyer gets into the house sooner.  And, the seller gets the majority of their money right away.  On top of that, you as a real estate agent get your real estate commissions that much faster.  Give it a try!

New Mexican federal policy REVEALED

First, every foreign resident in Mexico will be required to gain a federal tax number.  This is printed within the recently released tax reform.  To elaborate, both permanent and temporary residents 18 years and older needs an RFC number.  This new policy takes affect on the first of July.  Also, this is regardless of whether you earn income in Mexico or not.

To explain it, your RFC number is used by the Mexican federal government for a range of purposes.  Of course, the primary purpose of your RFC is to track your income.  On top of that, it detects any potential money laundering activities.

Biggest problem in real estate: COMMUNICATION

In this featured video, Nick Fong states that he finds that most problems are sources with bad communication.  Also, many of those problems stem from a lack of communication or no communication at all.  Therefore, if you are having problems in real estate, assess your communications with your clients and your coworkers.  As Nick says – that’s probably the source of your real estate problem.

How to deal with multiple offers in parallel

To begin, Nick reveals in the featured video that if you receive more than one offer at the same time, do not submit more than one counter offer at the same time.  To begin, it’s an MLS violation that can get you into trouble.  On top of that, if you provide a counter offer, you and your seller will be in a bad situation.  Legal action is a possibility if you allow that to happen.

As the solution, only submit a counter offer one-at-a-time.  But if you have any questions about uniqueness with your specific situation, speak with your broker to ensure you follow through correctly.  Also, be sure to read through your MLS rules to fully understand them before proceeding.

Baja California Sur real estate

Many Americans, Canadians, and people from other countries choose to make Los Cabos and other magical towns in Baja California Sur, Mexico, their home or vacation home. Discover how to purchase your dream home in Baja. Make an appointment with the top Real Estate Broker in Baja: Nick Fong, featured on HGTV’s Beachfront Bargain Hunt.

Since 2010, Ronival has been helping clients find the best homes in Cabo and throughout Baja California Sur. And, they’re highly-skilled negotiators that’ll get you the best price. Whether you plan to buy a property or quickly sell your Baja real estate, they’ve got you covered!

If you’d like to take a tour of a property in Cabo or anywhere else in Baja California Sur, just click CONTACT to inquire. Or, call directly at 619-831-2000. Ronival will be happy to answer your questions You can also schedule a time to show you around this breathtaking location.

Ronival on YouTube

See Nick Fong in action on his Ronival YouTube Channel. Find his videos on the Rovival VLOG, where you can read a short, yet in-depth post. Below is an example of one of Nick Fong’s Ronival videos:

Thank you for reading Nick Fong’s real estate tips: What is soft closing in real estate?. Be sure to read other posts about Cabo and Baja California Sur on the Ronival blog. There, learn about the many wonderful aspects of Baja California Sur, Mexico, from blog posts like this.

See more posts from Ronival Real Estate and Property Management

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