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Each month AR runs numerous contests as a way for our members to engage in activities
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for fsbos: Dear FSBO, what if your buyer's appraisal comes back too low? - 07/09/08 12:15 AM
Lucky me! One of the agents in my office, Elaine Ramirez, is also an appraiser and she was kind enough to be a speaker at our last office meeting. Honestly, I don't know much about appraisals. I do BPO's and fairly well, but appraising goes a lot deeper than that. Anyway, she explained to us how a transaction can go pretty sour and pretty fast if the appraisal comes back unfavorable. Again, lucky me, I got to hear Elaine's presentation but what about the FSBO's and Discount Broker clients out there? What if their buyer's appraisal comes back lower than the agreed (0 comments)
for fsbos: FSBO - So you found "THE" buyer - 07/21/07 09:08 AM
You have located a ready, willing and able buyer to purchase your property. Now what? Of utmost importance is to reach a complete agreement on the following: Price - how much have you agreed on?Terms - how will the buyer pay for your property?Personalty - are their any appliances, furnishing, etc. included with the property?Legal Discription - do you have a complete legal description of the property?Expenses - who will pay for what?Escrow Deposit - have you gotten a good deposit and who is going to hold it?Disclosures - have you made the proper disclosures to the buyer?Title Insurance - who (3 comments)
for fsbos: FSBO - Watch out for these...... - 07/21/07 08:54 AM
1. Buyer requests financing from sellerWhile seller financing can make sense in some situat9ions, it is not for everybody. You will want to be concerned with how much money the buyer will be placing as a down payment. Obviously, the more you loand them, the higher your level of risk. Consult your accountant to sxee how providing seller financing might affect you when tax season comes around. 2. Early OccupancyEach case is different,m but in general it is not wise to allow a buyer to mive into your property prior to a full closing. There are always things that the buyer (0 comments)
for fsbos: FSBO "I can save the commisson!" - 07/21/07 08:27 AM
Many homeowners feel by selling their property themselves, they will be able to save the real estate commission and therefore save money. Part of the trouble is though; the buyer has the same idea. If the seller wants to save the commission and the buyer wants to save commission as well, that presents you with a problem. Normally, there is only one commission to begin with, and it is impossible for both of you to save it.! The average buyer is going to discount your FSBO asking price at least 7%, because they know you are not paying a Realtor fee. (1 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the
real estate agents, loan officers and brokers listed on this site
. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors
to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for
the content in these profiles, that are written by the members of this community.