sie's Blog

financing

sie sill (Realty Is the One ) — Tue, 18 Nov 2008 01:01:58 -0600

THIRD PARTY FINANCING CONDITION ADDENDUM
CONCERNING THE PROPERTY AT:

___________________________________________________________________________
(Address of Property)

Purchaser shall apply promptly for all financing described below and make every reasonable effort to obtain financing approval. Financing approval will be deemed to have been obtained when the lender determines that Purchaser has satisfied all of lender's financial requirements (those items relating to Purchaser's assets, income and credit history). If financing (including any financed PMI premium) approval is not obtained within ______ days after the effective date, this contract will terminate and the earnest money will be refunded to Purchaser. Each note must be secured by an appropriate instrument authorized within the state, typically either (1) a mortgage or (2) vendor's and deed of trust liens. (Consult an attorney if you are unsure as to which instrument is appropriate for this transaction.)

CHECK APPLICABLE BOXES:

_____ A. CONVENTIONAL FINANCING:
_____ (1) A first mortgage loan in the principal amount of $______________ (excluding any financed PMI premium), due in full in _________ year(s), with interest not to exceed _________% per annum for the first _________year(s) of the loan with Loan Fees not to exceed _________% of the loan. The loan will be [choose one:] _____ with _____ without PMI.
_____ (2) A second mortgage loan in the principal amount of $ (excluding any financed PMI premium), due in full in year(s), with interest not to exceed % per annum for the first year(s) of the loan with Loan Fees not to exceed % of the loan. The loan will be with without PMI.

_____ B. FHA INSURED FINANCING: A Section _________ FHA insured loan of not less than $______________ (excluding any financed MIP), amortizable monthly for not less than _________ years, with interest not to exceed _________% per annum for the first _________ year(s) of the loan with Loan Fees not to exceed _________% of the loan. As required by HUD-FHA, if FHA valuation is unknown, "It is expressly agreed that, notwithstanding any other provisions of this contract, the purchaser (Purchaser) shall not be obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of earnest money deposits or otherwise unless the purchaser (Purchaser) has been given in accordance with HUD/FHA or VA requirements a written statement issue by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct Endorsement Lender setting forth the appraised value of the Property of not less than $______________. The purchaser (Purchaser) shall have the privilege and option of proceeding with consummation of the contract without regard to the amount of the appraised valuation. The appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and Urban Development will insure. HUD does not warrant the value or the condition of the Property. The purchaser (Purchaser) should satisfy himself/herself that the price and the condition of the Property are acceptable."

If the FHA appraised value of the Property (excluding closing costs and MIP) is less than the Sales Price, Seller may reduce the Sales Price to an amount equal to the FHA appraised value (excluding closing costs and MIP) and the sale will be closed at the lower Sales Price with proportionate adjustments to the down payment and loan amount.

_____ C. VA GUARANTEED FINANCING: A VA guaranteed loan of not less than $______________ (excluding any financed Funding Fee), amortizable monthly for not less than _______ years, with interest not to exceed _______% per annum for the first _______ year(s) of the loan with Loan Fees not to exceed _______% of the loan.

VA NOTICE TO PURCHASER: "It is expressly agreed that, notwithstanding any other provisions of this contract, the Purchaser shall not incur any penalty by forfeiture of earnest money or otherwise or be obligated to complete the purchase of the Property described herein, if the contract purchase price or cost exceeds the reasonable value of the Property established by the Department of Veterans Affairs. The Purchaser shall, however, have the privilege and option of proceeding with the consummation of this contract without regard to the amount of the reasonable value established by the Department of Veterans Affairs."

If Purchaser elects to complete the purchase at an amount in excess of the reasonable value established by VA, Purchaser shall pay such excess amount in cash from a source which Purchaser agrees to disclose to the VA and which Purchaser represents will not be from borrowed funds except as approved by VA. If VA reasonable value of the Property is less than the Sales Price, Seller may reduce the Sales Price to an amount equal to the VA reasonable value and the sale will be closed at the lower Sales Price with proportionate adjustments to the down payment and the loan amount.

PURCHASER:

____________________ ____________________________________________
Date [purchaser's signature above/printed name below]

____________________________________________
[purchaser's signature above/printed name below]

SELLER:

____________________ ____________________________________________
Date [seller's signature above/printed name below]

____________________________________________
[seller's signature above/printed name below]

property disclosures

sie sill (Realty Is the One ) — Tue, 18 Nov 2008 01:01:14 -0600

SELLER'S DISCLOSURE OF PROPERTY CONDITION
CONCERNING THE PROPERTY AT:

____________________________________________________________
(Street Address and City)

THIS NOTICE IS A DISCLOSURE OF SELLER'S KNOWLEDGE OF THE CONDITION OF THE PROPERTY AS OF THE DATE SIGNED BY SELLER AND IS NOT A SUBSTITUTE FOR ANY INSPECTIONS OR WARRANTIES THE PURCHASER MAY WISH TO OBTAIN. IT IS NOT A WARRANTY OF ANY KIND BY SELLER OR SELLER'S AGENTS.

Seller [choose one:] _____is _____is not occupying the Property. If unoccupied, how long since Seller has occupied the Property? _____________________________________________________________

1. The Property has the items checked below [Write Yes (Y), No (N), or Unknown (U)]:

____ Range                                   ____ Oven                                            ____ Microwave
____ Dishwasher                            ____ Trash Compactor                          ____ Disposal
____ Washer/Dryer Hookups           ____ Window Screens                           ____ Rain Gutters
____ Security System                     ____ Fire Detection Equipment              ____ Intercom System
____ TV Antenna                            ____ Cable TV Wiring                           ____ Satellite Dish
____ Ceiling Fan(s)                         ____ Attic Fan(s)                                  ____ Exhaust Fan(s)
____ Central A/C                            ____ Central Heating                             ____ Wall/Window Air Conditioning
____ Plumbing System                   ____ Septic System                              ____ Public Sewer System
____ Patio/Decking                         ____ Outdoor Grill                                 ____ Fences
____ Pool                                       ____ Sauna                                          ____ Spa ____ Hot Tub
____ Pool Equipment                      ____ Pool Heater                                  ____ Automatic Lawn Sprinkler
____ Fireplace(s)/Chimney (Wood)   ____ Fireplace(s)/Chimney (Mock)         ____ Gas Lines (Nat./LP)
____ Gas Fixtures                          Garage: ___Attached ___Not Attached ____ Carport
Garage Door Opener(s):                ____ Electronic                                    ____ Control(s)
Water Heater:                                  ____ Gas                                             ____ Electric
Water Supply:                                  ____ City    ____ Well     ____ MUD    ____ Co-op
Roof Type: ______________________________     Age: ______________________________ (approx)

Are you (Seller) aware of any of the above items that are not in working condition, that have known defects, or that are in need of repair? [choose one:] ____Yes ____No ____Unknown. If yes, then describe. (Attach additional sheets if necessary): ______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________

2. Are you (Seller) aware of any known defects/malfunctions in any of the following? [Write Yes (Y) if you are aware, write No (N) if you are not aware.]

____ Interior Walls                          ____ Ceilings                                        ____ Floors
____ Exterior Walls                         ____ Doors                                           ____ Windows
____ Roof                                       ____ Foundation/Slab(s)                        ____ Basement
____ Walls/Fences                          ____ Driveways                                    ____ Sidewalks
____ Plumbing/Sewers/Septics         ____ Electrical Systems                       ____ Lighting Fixtures
____ Other Structural Components (Describe):
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________

If the answer to any of the above is yes, explain. (Attach additional sheets if necessary):
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________

3. Are you (Seller) aware of any of the following conditions? Write Yes (Y) if you are aware, write No (N) if you are not aware.

____ Active Termites (includes        ____ Termite or Wood Rot Damage        ____ Previous Termite Damage
         wood destroying insects)                   Needing Repair
____ Previous Termite Treatment      ____ Previous Flooding                          ____ Improper Drainage
____ Water Penetration                   ____ Located in 100-Year Floodplain       ____ Present Flood Insurance
____ Prior Structural/Roof Repair      ____ Hazardous or Toxic Waste             ____ Asbestos Components
____ Urea-formaldehyde Insulation    ____ Radon Gas                                   ____ Lead Based Paint
____ Aluminum Wiring                     ____ Previous Fires                               ____ Unplatted Easements
____ Landfill, Settling, Soil               ____ Subsurface Structure or Pits
         Movement, Fault Lines

4. Are you (Seller) aware of any item, equipment, or system in or on the Property that is in need of repair? ____Yes (if you are aware) ____No (if you are not aware). If yes, explain (attach additional sheets as necessary). ______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________

5. Are you (Seller) aware of any of the following? Write Yes (Y) if you are aware, write No (N) if you are not aware.

____ Room additions, structural modifications, or other alterations or repairs made without necessary permits or not in compliance with building codes in effect at that time.
____ Homeowners' Association or maintenance fees or assessments.
____ Any "common area" (facilities such as pools, tennis courts, walkways, or other areas) co-owned in undivided interest with others.
____ Any notices of violations of deed restrictions or governmental ordinances affecting the condition or use of the Property.
____ Any lawsuits directly or indirectly affecting the Property.
____ Any condition on the Property which materially affects the physical health or safety of an individual.

_________________________________________            _________________________________________
Date                                      Signature of Seller             Date                                      Signature of Seller

The undersigned purchaser hereby acknowledges receipt of the foregoing notice.

_________________________________________ _________________________________________
Date Signature of Purchaser Date Signature of Purchaser

just sold

sie sill (Realty Is the One ) — Tue, 18 Nov 2008 00:59:50 -0600

Just wanted to give you the exciting news ... a home in your neighborhood just sold!!! Only 1421 Square feet and it sold for $239,900 ... what is your home worth? Attached is a summary of the recent activity in your neighborhood on average sale prices. Take a look!!! It's amazing what is happening to the market.

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So call us for all your real estate needs. WE am here to help...

Just to show you how eager We are to earn your business if you call us today we will do a complete market analysis on your home free of charge with no obligation. Wouldn't you like to know what your homes market value is in today's HOT market ... Don't delay call us today!

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open house

sie sill (Realty Is the One ) — Tue, 18 Nov 2008 00:59:09 -0600

We are having an open House

Vancouver, WA

Please join us for food and drinks and to take a tour

Of this beautiful home featuring 2890 sq feet, including

3 bedrooms & 2 bathrooms. You will love the detail of

the granite countertops, tile floors throughout the bathrooms

and kitchen, original hardwood floors, Luxury master suite

Featuring a sitting area. large closet, and tile bathroom.

Enjoy the wonderful view of the mountain while you soak in

Hot tub. This home has a double car heated garage and a fully fenced

Backyard. So please stop by with your friends and family to see

This great home or just to say hi. We look forward to

Seeing you! If you have any questions or would like

View this property please feel free to give us a call. This home

Is being sold for $349,900. WHAT A DEAL