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Blog entries tagged with "contract":
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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.
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Get it in writing
4 words... $10,000!
I just read a blog that mentioned using contracts for staging. I haven't used one yet as I am usually hired and paid by the realtor, though there have been times that the Seller has paid me directly.
Greetings again!! I'm interested in hearing about your worst closings disasters... and what you think could have been done early to avoid the situation next time. That is, what was the lesson learned.
I firmly believe that no matter how long you have been doing something, be it a week or 10 years, you can still always learn something new from someone else. I so enjoy the AR community and in the short time I have been involved I have learned a great deal so … (4 comments)
As your buyer's agent, we will ask for a home warranty to be included in the sales contract, to be paid for by the seller. This is a negotiating point, which the seller may or may not be agreeable to.
Taxes are prorated at closing almost 100% of the time, unless otherwise agreed to. At closing a buyer takes possession, therefore taxes that are paid ahead of time (December 1 and July 1) are prorated and added on to the buyer's closing costs in order to be credited back to the … (1 comments)
Maybe it's just me; but it seems that more and more I have Buyer's Agents making verbal offers on properties.
A few years ago I was doing a closing with a buyer client. The seller's attorney was new and the listing agent wasn't present at the closing. The attorney never asked for the smoke detector certification at the closing. He went through the paperwork, passed out the checks, and sent everyone … (5 comments)
Hello everyone - When pursuing a short sale, the buyer should always take care to protect themselves from potential liability. As such, there are several clauses that I often use as part of the short sale addendum. These clauses are set forth below:
Real estate contracts are among the more complicated legal agreements that our buyers and sellers encounter. In this area, they range between 20 something pages if you are buying in Northern Virginia to over 40 pages for some properties in parts of Maryland. They are long, the print is not huge, … (19 comments)
Mistake #1 - Incorrect Pricing
We recently attended a roundtable discussion with Steve Greenberg, Real Estate Attorney with the firm Icard Merrill, and it would be impossible to share all of that. but a few of the high spots are right here. If just one of the tips below turns out to be a "Hey, it's news … (3 comments)
You wouldn't believe how common it is for a residential agent to think that they can sell a duplex, 4 plex, etc by the same techniques that they use when selling a house.
All I want to do is write an offer for a qualified buyer. They are qualified with another lender, but this is a Countrywide REO. Of course it's going to be miserable.
The agent won't submit the offer unless the buyer is pre-qualified with Countrywide. Nice... Nothing like being blackmailed into … (15 comments)
Your attorney will need to know the name of your lending institution and mortgage account number in order to satisfy any and all mortgages/liens on the property.Your Attorney will need: A copy of the signed purchase agreement signed by both parties.The DeedThe certificate of OccupancyThe SurveyIf you have your prior … (0 comments)
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When you are buying a home, there is more than just picking a price. Your offer needs to include all conditions and the terms that you want to have met. Any counter offers need to include this information also.
The contract has changed!
Well, here's the newest experience for my Brokers Book O' Events! We all know how lendors/underwriters must do their final verification of employment in the few days surrounding our buyers closing date. Being the good little Broker that I am; I am sure to cover this part of the process in … (6 comments)
In the rain, on a plane, but not in Spain. That's what I said last year when I blogged about unusual places I've signed contracts.
Home | Meet Gregory | Listings | Relocating | Special Reports | Community Info | Email Gregory D. Maley Coldwell Banker Residential Brokerage - Chevy Chase 5028 Wisconsin Avenue, NW • Washington, DC 20016 Direct: 202.528.0495 • Office: 202.362.5800 Fax: 202.478.1735 (c) 2008 Gregory D. Maley
… (0 comments)
In light of declining sales and tougher loan requirements, many potential buyers are asking if they should buy now, or wait several months before moving forward with a decision. The thing is, you can't time the real estate market any more than you can time the stock market. Simply put, the … (0 comments)
Recently I had a very well qualified young couple interested in buying a home. They had a house to sell in another state so we were writing a ccontract contingent on the sale of their home in that state. They were easily prequalified for the home that they were making the … (6 comments)
Here is the link to the BBC article: http://news.bbc.co.uk/1/hi/world/south_asia/7365798.stm The answer to the food crises may be found in restoring sustainable communities...one wind farm at a time. Hopefully my own comments will soon be posted on the BBC site, and we will find out if there are any groups out there who can look … (5 comments)
7. Have your lawyer prepare your rental contract package.
I went to a meeting about SHORT SALES this morning. It was very interesting. We now have a SHORT SALE Supplement to Listing Contract and a SHORT SALE Rider to the Sale Contract. The St. Louis Association of Realtors has also provided us with an Authorization to Release Information form to go along with these.These forms were … (11 comments)
A non responsive agent to questions regarding the status of a contract offer gives our profession a bad name. I recently submitted a contract offer that had to go to the government for approval. The agent was very responsive to my first phone call and provided all the documents I needed. A contract … (7 comments)
Last year, Fannie Mae and Freddie Mac announced that people with credit scores under 720 and down payments of less than 30% will be forced to pay additional fees to secure mortgages.These fees, known as Loan Level Price Adjustments (LLPAs), were put forth in an effort to curb the losses that … (3 comments)
I’ve been sharing with you in my last few blog posts about being a new Real Estate agent. New is usually considered 2 years and under in the business….let’s move up one year, and see what happens to a 3 year vet!
Recently I took on a new listing and like always my new client had not been taken care of by the real estate agent who last represented him. This was the same old story. I’m pretty sure many of you ethical real estate practitioners have heard it before. While in the … (0 comments)
I wanted to pass this on to you. It's a clause that I am having my agents put in all of their listing contracts during this market cycle. Maybe forever. I have found that when doing a listing with a Seller, they are more likely to help keep their end of … (5 comments)
Remember "time is of the essence" when dealing in real estate. To ensure a valid contract, make sure all parties have signed! Return phone calls promptly, to clients and other agents. DOCUMENT, DOCUMENT, DOCUMENT! This is the most important thing you can do. Keep that paper trail, especially if you feel … (8 comments)
Suppose you are in a transaction and the appraisal comes back low. WHAT NOW?
Yes, literally out of the closet. Here is the before (closet) photo.Can you say total gut job. This master bedroom had great space but needed a master bath and and of course it also needed the paneling to be removed. I was honored to take on the task of designing the … (25 comments)
There's an active discussion and differing opinions on when a REALTOR should amend the status of the MLS posting of a short sale.
So it DUMPED LIKE CRAZY all morning here in Park City and many of my friends took the day off of work to hit the "pow pow"....but not me....I'm sitting diligently at my computer working away ;)
I have a transaction that his has now turned to a short sale and have an investor as the buyer. This is a brand new home that has not been finaled, in order to protect my client I wrote in the contract that one of the contingencies was to have the … (3 comments)
Home buyers are surprised when they make an offer and it is rejected or countered high. After all, this is a buyer's market in Silicon Valley, isn't it? Shouldn't the sellers be thankful that there's an offer at all? Shouldn't they just take any offer they get?That's how a lot of … (0 comments)
You may have heard of this list of regions and zipcodes deemed to be "declining markets", meaning that home values are dropping in those areas. When a region is labeled as such, guidelines dictate that the maximum Loan-to-Value be dropped by 5%. So if a program allows for 100% financing, but the … (5 comments)
Buying an REO home or other real estate in Hemet, CA (or elsewhere) can be a daunting experience, at best. The process appears to be fairly straight-forward, from the beginning. The banks each have their own proprietary addendums to our California Purchase Agreement which ends up negating many of the … (0 comments)
If you're buying real estate in Florida, and you're using a REALTOR® professional, then depending on where you live, there's a good chance your real estate agent is using the FAR/BAR Real Estate Contract for Sale and Purchase or the FAR/BAR "As Is" Real Estate Contract for Sale and Purchase. One … (7 comments)
You're crazy booked for the next three weeks with numerous staging jobs. A new client calls and says they have a big job, and they need it done pronto. Aargh! You just can't fit it in your schedule, so you refer the new potential client to another stager friend of yours, … (10 comments)
My Little House in Osage County, Prue Oklahoma has just gone under contract. Located 20 miles off Highway 412, through the winding roads around KeyStone Lake this cute little home will soon have a new owner. This home operates on well water, propane for gas, window units for air and floor furnace … (3 comments)
<!-- Begin Description --> "As a landlord, how many times have you found yourself being taken advantage of because you either didn’t have a contract or the one you had was a joke?” Dear E-bay Customer, Is this the situation that is facing you? You’re now in court and you … (0 comments)
When a buyer and seller reach agreement on a home sale, the buyer typically puts a small amount of money into a trust account. 
In Florida, most real estate agents use either the FAR/BAR or the FAR 9 4/07 Residential Sale and Purchase Contract. I prefer the latter since it seems to make more sense, its form is more logical, l and customers understand it better. However, both are perfectly good contracts for agents … (0 comments)
PROPERTY INFORMATIONTitle Sales Contract and Escrow Instructions if applicable. (Purchase only)Building Rent Roll. The rent roll MUST MATCH the leases with tenant’s name, unit number, current rental amount, etc. PLEASE check accuracy before forwarding to us. Current leases or rental agreements for the subject property.2 years Historical and Current Operating StatementsNote: … (0 comments)
Like others in the community, we were disappointed to see that prospects for a successful end to the negotiations between the school board and teachers union (Hilliard Education Association) dimmed last week when the teachers voted overwhelmingly against the board's last offer....which was to be a firm and final one, as … (0 comments)
When you are out and about looking for you next house you will run into many different Realtors and you will be faced with a few different scenarios on how to be represented. Let me preface this by saying the best way to buy and sell Real Estate is to use … (6 comments)
I just read a post about real estate hours. Overall, I am an energetic person from 8 AM to about 7 PM. After that I am sort of foggy. I hate writing contracts or handling negotiations is much better if I handle the work in the morning. Of course being a … (6 comments)
There was a little article in Parade Magazine's column, Intelligence Report, this morning (Feb. 3, 2008) that discusses the fact that home purchasers in California are occasionally asking to spend the night in a home before writing a contract ( See link, http://www.parade.com/articles/editions/2008/edition_02-03-2008/Intelligence_Report).I have often advised my purchasers to go to a … (0 comments)
