Real estate blog entries tagged with addendums

Blog entries tagged with "addendums":

addendums: Beware of Addendums When Buying Foreclosures! - 11/25/08 06:22 PM

So I’ve spent the better part of a week and a half working with a buyer who was attempting to purchase a bank owned home. This home was built just two years ago on spec and never sold. It’s been for sale for two whole years! It was a great deal … (0 comments)

addendums: What To Do And Bring For A Real Estate Closing In Georgia - 10/01/08 12:44 PM

Before Closing 1. Order your optional survey within 7 days of closing.
2. Decide if you want owner's title insurance. Tell the closing attorney at closing or before.
3. Order Homeowner's Insurance - call the closing attorney at least 7 days before closing with your insurance agent's name and phone number.
Hand … (1 comments)

addendums: Riding the Banks' Broncos - 08/10/08 12:02 PM

Well, the bottom may be here...at least in South Florida. REO's are priced in the same range that they were in 2002-2003, before the big spike in pricing. If you assume a doubling every ten years, we are below what 1998 prices doubled would be. We may go a bit lower, … (2 comments)

addendums: REO's, Hassle, Opportunity or Both? - 08/03/08 06:08 PM

I have just spent at least a month trying to buy an reo property. For those of you who don't know what that is-it stands for "real estate owned". This is a property foreclosed on, then it went to a foreclosure auction, and it did not sell for the minimum price … (0 comments)

addendums: Updated: Documents & Items Required For Short Sale Package... - 08/01/08 08:14 AM

When formulating your short sale package, there are items that you will need to collect. By now, most agents that have performed a short sale know what these items are. However, to keep my list up-to-date, I have a checklist that I use all the time. This form helps me create … (4 comments)

addendums: An Ethical Way to Use Home Inspection Report Information - 06/29/08 09:19 PM

Home buyers quite often ask me how they should use information they receive in their inspection reports. They sometimes seem unsure of how to respond. As a veteran home inspector, you can believe I have some opinions on this matter ... especially when I see how difficult some inspection reports can … (6 comments)

addendums: Bank Owned Addenda - 03/31/08 11:55 AM

Ok, I just wanted to see if you are all in the same boat. Here in AZ we have a lot of bank owned houses on the market. Because they're agressively priced and so abundant they are the only houses my current clients are viewing and buying. I'm okay with that … (6 comments)

addendums: Deadly RE Traps - Beware of Contract Kiting - 09/12/07 09:51 AM

In this Blog, I thought it important to let others out there know about a common practice that causes unnecessary grief. Commonly you will see this take place when multiple contracts or addendums are used in a transaction.
In simple terms, contract kiting occurs when two or more contracts for sale are … (3 comments)

addendums: Dance With The Boy That Brung Ya - 10/10/06 11:48 AM

As the member of our team that "manages the process from contract to closing" I've become increasingly frustrated with the financing process that involves, for the most part, mortgage brokers. Now, I don't want this to be construed as a slam on mortgage brokers. I've got some great friends with that … (1 comments)

addendums: There's that offer clause again! - 10/01/06 07:41 AM

On Friday, an agent faxed over an offer on one of my listings - didn't call, didn't make any comments on the fax, but that's ok. No sellers' disclosure signed - guess they didn't check either the MLS or the property website to download that ahead of time. No preapproval letter … (12 comments)