buyer: Closing the short sale - 10/01/15 01:15 AM

We took the listing on April 9.  We closed it on September 25.  My partner, Bill Taylor, brought this one in.  The owner had it briefly listed with another agent but that other agent did not give her copies of the paper work and lowered the price of the home without asking the owner.
Our client lived in the home 9 years.   She was a divorced lady becoming an  empty nester.  She was a very competent office manager earning in the mid 40's.  In November the owner sold  the business and 2 weeks later she was out of a job.  My partner's wife … (0 comments)

Sometimes before closing a buyer starts to feel ownership of the home.  Let me make it clear.  UNTIL the home is Signed, Funded and RECORDED you, the BUYER do not own it.  If you want to fix something you need to get the SELLERS premission!   You also should not be on the property without permission.  With a HUD deal especially the BUYER and the AGENT signs a document stating that they will do no repairs or improvements to the property.  They will not go on the property without a REALTOR. 
UNTIL the deal is FULLY CLOSED the buyer is considered … (2 comments)

buyer: Negotiating property repairs in Idaho - The inspection is back. - 02/15/14 07:08 AM
The property inspection came back for my buyers.  I am sort of happy I am representing the  buyers and not the sellers because it was not so good. 
We have the usual collection of little things but a couple of things that my buyer will need fixed.  The real problems are all in the crawl space.  We have had a huge amount of rain in the last week.  Huge for Idaho not huge for most places.   In Idaho you can only see water in the crawl space a couple of times of year.  This would be one of them.  The crawl space … (3 comments)

buyer: The domino effect - 01/29/14 07:33 AM
In our business sometimes one thing going wrong can make other deals fall.
We don't like sales that are contingent on other sales.  We advise our sellers against them.  So we let the sale be contingent on funding.   The unspoken fact may be that the buyer might not qualify for the new loan as long as he has the old loan.  So the contract falls because another sale did not go though.  I have heard of quite a number of deals falling due to one deal not closing.  Technically the sale is not contingent on the sale of the home … (6 comments)

buyer: A wild ride in real estate today! - 01/23/14 10:32 AM
I was up early emailing some buyers about a house and the upfront money required.  I called the agent asking for utilities and was told that they were negotiating a contract.   I warned my buyers if they wanted any chance on the home they had better act fast.  They didn't and the house is gone.
I called BLB resourses to extend my HUD contract.  They felt I did not have enough documentation.  I tried to deal with the loan officer that my clients are using to refi their current home so they can buy the HUD home.   My client … (5 comments)

buyer: Signatures from the hospital room.... - 01/20/14 07:35 AM
We had a good offer on Friday!  I went to contact my sellers (they are business partners living in different states).  I couldn't reach the local seller.   It was Friday night no biggie.  
He called me on Saturday saying that he was sorry for not answering the phone last night but he had a terrible stomachsing  bug.   He never felt like that before.  I asked him if he was up to computer signing he said yes.  We countered on price and the closing date.  Come Sunday we couldn't reach the local seller again.   I got a call … (1 comments)

buyer: In Northern Virginia for my brother's 50 th birthday! - 12/05/13 06:05 AM
My brother has had a hard year and half.   We were not sure he was going to see 50 but he has!  On Sunday we are going to have a family party with our Dad and his wife, two of my boys and other local family members.  I am so happy!  
And because I am an agent I have lots of work to do. In the last 2 weeks before Sunday I watched 2 seasons of Star Trek the next generation.  Since Sunday (as I got ready to travel) I wrote 2 offers, got one accepted, had a water heater go … (2 comments)

buyer: I may be showing houses today.... Then again I may not.... - 11/13/13 11:07 PM
Today I have two separate clients to show homes too.  Problem is one persons husband is still away and the other has changed plans twice already.  When I say I like real estate because everyday is different this is not what I meant. 
To get ready to show the homes I need to research the surrounding market.  Then I need to be ready and hope the appointment hold.  
Yesterday I had a two fold appointment in Nampa.  One to show a home the other to meet with my friend and have dinner and go to a meeting.  Unless of course the … (3 comments)

buyer: Went to show a home .... Buyer failed to show..... - 11/11/13 12:08 PM
Today I got a floor call.  This doesn't happen very often.  The lady wasn't working with a Realtor and wanted to see the home that was listed by a colleague.  They wanted to see it at 7:30 PM.  I had a meeting to go to but I left early to drive to Nampa.  I got there just in time!  I turned on all the lights and waited 1/2 hour.  I called her but her answering machine picked up.  I then drove the 1/2 hour ride home. 
It has happened before.  I try not to get to upset but the truth is … (4 comments)

buyer: the roller coaster of real estate... - 11/08/13 11:53 PM
Sometimes I feel like I am on a roller coaster.    Yesterday would be a great example. First we can start the day with I had a plan for having 8 for dinner at 6 PM.... 
I go by the home I am trying to list and I see a FSBO sign.   I call the number on it and it is the sister to the person I am trying to deal with.   At the moment my broker is offering 70k and they haven't decided what they want to do.   I am trying to push the broker up to 80K but so far … (4 comments)

buyer: Why do I manage Properties too? - 11/04/13 12:28 AM
In 2006 I bought my first home for rental.   It worked so nicely I bought another.   At first I was a terrible manager!  I lost money by getting bad tenants.  It didn't occur to me that tenants would lie.   That they wouldn't pay the rent.  They might damage the place.... I was so disgusted with what was happening to my favorite rental that I put it on the market by owner.   After a bit I realized the market had changed.   I couldn't sell it by owner.... I thought about and got my real estate license in the fall of 2006.  I put … (3 comments)

buyer: Woman in Nampa owns half a home. - 10/18/13 12:47 AM
In this news article an old woman bought a homen from Fannie Mae for cash.   The buyer didn't realize that the property line went right through her home.   I read this and I am thinking that a lot of people didn't do their jobs correctly.   My title officer would have picked it up (as would most others).  Fannie Mae should have picked it up before they marketed the home.    The Realtor should have read the comittment document.  The net result is that this old lady owns half a home.
Without the loan underwriters looking at this transaction everyone else must … (2 comments)

buyer: Sometimes a seller has to cut their losses. Dad's house has to sell. - 09/04/13 12:37 AM
Yesterday I was called by a former client's mother (Jane)(I love referrals!).  I knew this lady for 15 years since she used to work at Eyemart Express in Boise.   We have 4 out of 5 of us in glasses.  One starting at 5 years old and the other at 8 years old.  Eyemart has a good warranty and prices so that is where we went.   Everybody knew the me and the Holmes' boys.
Jane's dad died a year ago in May.  At first they had a friend live there.  All he had to do is pay for the utilities.   His wierd … (1 comments)

buyer: Is he a buyer or did I just take a nice old man on a great day trip? - 07/27/13 12:52 AM
Yesterday was a very busy day that has been part of a very busy couple of weeks.....  I love to show houses but I was exhausted and going to the mountains after my 3 PM closing was not first on my list.
This pleasent man called me a few days ago just before a movie started.  I took his information down and called him the next day.  He called me on a listing in a nearby town that I have.  Then he seemed interested in the mountains.  He was sort of looking for his daughter and himself.  Seemed sort of … (4 comments)

buyer: A tale of two inspections........ - 07/17/13 01:38 AM
It is always interesting on how a buyer will react to the inspection report.   It will depend on the market but it also depends on the nature of the buyer.   I had 2 offers settle on the same day.   The inspections were on the same day.       One I was the buyers agent the other I was the sellers agent.   
The one where I was the sellers agent is a really nice home with very little wrong with it.   Somehow the inspector spent 6.5 hours at the home.  He actually fixed a few things while he was there.  His report was very … (1 comments)

buyer: Gas water heaters in manufactured homes and inspectors.... - 07/17/12 07:46 AM
A couple of days ago I wrote about a problem I was having with an inspector.   It wasn't the one I usually use.  The basic problem is that the inspector did not seem to understand about code for manufactured homes.  This created quite a problem and a lot of stress on the seller, the buyer and the real estate agents.  When I called him I told him it was a mobile home in a park and he indicated that would be fine.  Well it just wasn't.
He carefully brought my buyer, her mom and grandparents and explained that there was no … (4 comments)

buyer: Buyer we are down why did you kick us in the ________? - 01/11/12 02:43 AM
OK the inspection report came back.... It wasn't good.  They found that the skylights weren't resealed which caused the M word on the new roofs sheeting..... My seller is savvy.  He knows he has to deal with the issue.  But you tried to specify the company that needed to be hired.  You also put in all sorts of things like redoing the sprinkler system 3 feet from the house... This is a killer deal.  The house is worth a lot more then you are paying for it.  You added everything the inspector found.  Even things not necessary like GFI's in the … (4 comments)

buyer: Safer short sales...When I show the home to first time buyers.... - 01/10/12 04:48 AM
Short sales are notoriously hard to settle.... Nothing is certain until we have third party approval (the bank)....  Real estate ethics sometimes fly out the window as offer after offer is presented to the banks by some agents...  Reasonable time lines are a joke.... It makes an agent nervous to show a owner occupant.... Especially a first timer or someone who needs to be in the home quickly.....
So when do I show a short sale to an owner occupied buyer?  First I do not send them short sale listings unless they request it.  I look at the available short sales … (2 comments)

buyer: Contingent short sale? What is it? - 01/08/12 02:31 PM
So we know a short sale is when the seller owes more then the house is worth..... So the third party the lender needs to approve or even renegotiate the deal..... We have all seen this.....
So the short sale listing gets an offer the buyers and the sellers come to terms..... Now the package is sent to the bank... If the buyer and seller are lucky the bank has given the listing agent an idea where the house should be listed.... More likely they told the agent they wouldn't talk until the agent had an offer....
At this stage … (4 comments)

buyer: Always set up an exact time and meeting place..... - 12/12/11 11:50 AM
Well today started well..... But I made a big error when I set up my buyers appointment....I didn't set a place to meet....I didn't have  her cell phone number....We were supposed to meet between 1 and 2 pm today...  She was supposed to bring her granddaughter....At 9 AM I started trying to reach her....I have tried every hour since then.  I left 2 messages and an Email.... I hope she doesn't have a system that tracks the number of calls.... I don't know what happened....Perhaps she didn't have my cell phone number....Perhaps she stood me up....I got to watch netflix and … (3 comments)

Debbie Holmes, Gets the job done! (Gold Key Real Estate) Rainmaker large

Debbie Holmes

Gets the job done!

Boise, ID

More about me…

Gold Key Real Estate

Address: 915 N. Cole Rd., Boise, ID, 83704

Office: (208) 376-9000

Mobile: (208) 761-2551

Email Me

This is a blog about all things real estate (and a few extras). I blog about my buyers, sellers, listings, short sales, the real estate market. I am internet savvy and am trying to learn more skills. I like blogging because I get to share information with other real estate professionals and my clients. I can find you a great home in the Treasure Valley. I was the Democratic Nominee for CD2, Idaho for the US Congress. I have two website:




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