Considering that we belong to such a new and unique group of Realtors, I feel it's best to exchange information amongst ourselves that might assist us in developing our careers and knowledge even further. I think that it is lucrative that we not only proudly display our SFR designations, but that we have the added knowledge to further strengthen our positions in this marketplace.
Here is my first tip of many for my colleagues. When writing a contract on an REO or any property, always include language that protects your clients in the event of any delinquent utility bills and assessments.
I recently was about to close on one locally and remembered to "double check" the listing agents' responsibility of ordering a "final water reading." Much to my dismay, it had NOT been ordered. My client stood to lose $508.07 had I not done my due diligence. She would've either had to pay the outstanding water bill in order to have it turned on in her name and/or the costs of hiring an attorney to have it reimbursed by the seller.
Hopefully, this will help some of you escape the nightmares that my client might have gone through had she chosen a different agent for her purchase.
The bottom line is: Always go the extra mile for your client!
Happy Holidays!
(this is the post that I recently put on the SFR website)
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