Fayetteville Newspaper

Prior to visiting Fayetteville, North Carolina, pick up a local newspaper. Here you can learn all about this beautiful southern city and all it has to offer for both visitors and residents.

The daily Fayetteville newspaper is the Fayetteville Observer. The Observer is published in both print and online media and is the oldest still running publication in North Carolina. The Fayetteville Observer has been publishing since the early part of the 19th century and published the news throughout the Civil War, despite having its offices destroyed in 1865 by General Sherman’s troops.

The Fayetteville Observer online gives you up to date local and national news. In addition to finding out news events, you can discover restaurant revues, job opportunities and real estate information; right in the comfort of your own home. Those seeking to find out what is going on daily in Fayetteville, North Carolina should pick up a copy of this Fayetteville newspaper or check out their website online.

In addition to publishing the Fayetteville Observer, the Fayetteville Publishing Company also publishes the Acento Latino. This monthly, Spanish language newspaper. The Acento Latino began publication in 1999 and now has a circulation of over 17,000. It offers news, events and advertisements in Spanish to the citizens of Fayetteville and the surrounding areas.

The Fayetteville Press Newspaper is another publication distributed by the Fayetteville Publishing Company. The Fayetteville Press has been publishing minority news for the people of Fayetteville, Fort Bragg and Pope Air Force Base for the past 11 years. It currently has a circulation of over 24,000 and is one of the fastest growing newspapers in the region. The Fayetteville Press Newspaper is distributed monthly.

One wonderful news publication is the Kidsville News that circulates through the school districts of Fayetteville, North Carolina. This Fayetteville newspaper is marketed to children attending Kindergarten through the fifth grade and gives them a comprehensive idea of what is going on in the world in language they can understand. In addition to being a valuable learning publication, the Kidsville News is also a fun publication for children as it contains pictures, puzzles and games for them to play. The Kidsville News has a publication of 33,000 and is published by Emmalew Publications in Fayetteville.

Emmalew Publications also publishes Up & Coming Weekly, a weekly newspaper for residents of the Fayetteville area with a circulation of over 15,000. Up & Coming Weekly has local features, information and news on what is going on in Fayetteville as well as surrounding areas. This hip publication is often read by young people as it features stories about popular music, fashion and local theatre as well as club and movie revues. Up & Coming Weekly also has an online publication where you can find out all about the art scene in Fayetteville and discover what is playing in the theatres as well as obtain live theatre revues.

One way to discover more about the industry and business in Fayetteville is to read the Sandhills Business Times. This bi-weekly publication has a circulation of over 20,000 and is dedicated to the businesses and industries of Fayetteville as well as surrounding areas. The Sandhills Business Times also has an online publication that gives you all of the up to date business news in the area. If you are thinking of relocating to Fayetteville, the Sandhills Business Times is a great way to learn about different opportunities for businesses in the area.

Whether you are planning on living in Fayetteville, North Carolina, or just visiting, a Fayetteville newspaper is a great place to discover more about this wonderful southern community.

Escalation Clauses – A Home Buyer’s Secret Weapon

Today we discuss escalation clauses because much of the country is experiencing an extreme “sellers’ market.” By that, I mean there are more buyers than there are sellers, and that results in sellers’ getting more than one offer to buy their property. The seller can be picky about the terms under which he is willing to sell. A potential buyer is apt to make one or more offers which are rejected before making a successful offer. If you are a buyer, how do you increase the chances that your offer will be the acceptable one?

The obvious things a buyer can do is to have a strong “pre-approval” lender letter, and make an offer that is full price and is as “clean” (has as few contingencies) as possible. Is there anything a buyer can do beyond that? You bet your bippy!

Escalation Clauses

A buyer who really wants to buy a property can do the above, plus add an “escalation clause.” An escalation clause simply states that the basic offer is full price, but if the seller receives one or more other offers at full price or higher before this offer is accepted, then this offer is increased by $500, $1,000, $5,000 (or whatever figure you choose) above the other acceptable offer. Of course, you choose the amount of the incremental increase based on what you think it’ll take to get the sellers’ attention given the original asking price of the home.

Now, I can hear you thinking, “That’s all very well. I can see where that’ll get me the winning bid, but how do I make sure there really is another contract? More importantly, how do I make sure I can afford the home? Isn’t this awfully open ended?”

Yes, it is. So let’s fine tune the escalation clause idea a bit.

First, make the escalation offer such that it will increase the sellers’ net proceeds (not gross proceeds) by $500, $1,000 or whatever. That way, your price is not artificially increased by a higher offer that includes a provision for the sellers to pay some of the costs that are normally born by the buyer.

Secondly, name an upper limit to which your offer can be carried. For example, your offer could state that you will pay the sellers an amount that will increase their net proceeds by $10,000 above any other acceptable offer up to a total price of $1,500,000. That puts a cap on how high you’re willing to go.

Prior to making an offer like this, be sure to have a conference with your lender to be sure you qualify for the highest amount required by your offer. Obviously, you also need to be sure you know and can pay the mortgage payments on that amount. It’s also a good idea to get a lender letter for this higher amount, so that the sellers will be confident you can do what your offer says you’re willing to do.

The third bit of fine tuning is to require that the seller provide you with a copy of the acceptable competing contract as signed by the other potential buyer. Make sure the “buyer” isn’t a relative of the seller! With the written offer on hand, you can be sure everything is on the up and up.

In this hot sellers market, escalation clauses can be the key to closing a deal on your dream home. If a seller is motivated by greed, you will have them dead to rights.