Special offer

Real Estate Postings

By
Real Estate Agent with Right at Home Realty Inc., Brokerage

House in Abu DhabiWhen dealing with a posting you have to do your due diligence if you are working for the buyer.  Be aware that even though the listing salesperson is supposed to make sure the listing is correct and has done a Fintrac sheet and checked the mortgage, they may not have.

My client purchased a condo and on the listing it stated that the condo fees included utilities.  Fortunately my client asked the Seller if utilities were included and was told no.  This could have caused problems if the lawyer didn't catch it when looking over the Status documents.

Also on your offer you should make sure on the signing page in the fine print that the commission is paid to the cooperating Broker, not the Selling broker.

Also it would be prudent get the Fintrac form filled out with the Seller's information and also have the mortgage checked to make sure it closes and you get paid. 

 

Posted by

Gail Fabiani, Sales Representative

 

Gails Picture

Right at Home Realty, Inc., Brokerage, 920 Brant Street, Unit #5 Burlington, ON

905-637-1700

Logo

www.burlingtonhomes4sale.com

Ellie McIntire
Ellicott City Clarksville Howard County Maryland Real Estate - Ellicott City, MD
Luxury service in Central Maryland

Don't take their word for it. Due diligence is what our clients should expect.

Mar 30, 2011 04:35 AM
Lydie Ouellet Dickinson
Realty Executives Tri County, Bellingham MA - Bellingham, MA
Realtor

Wise advice there. Thank you!

Mar 30, 2011 04:50 AM