David Saks

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Education & Training - (retired) - TN LIC# 290452
David Saks is a musician, retired real estate broker, and long-time ActiveRain member. David's blog features important information relevant to the safety, integrity and security of the industry. In addition to his widely read real estate fraud blog, a comprehensive overview of real estate continuing education is a weekly addition for his subscribers and the ActiveRain community at-large. Thank you for subscribing to and for visiting David's ActiveRain home on the internet. Please join. Membership in ActiveRain will enrich your life !

ARCHIVED BLOG POSTS

2008 

                                        Closing the real estate transaction is the last stage of the homebuying process. When the closing date arrives, all parties come together to complete the details necessary to finalize the articles of the purchase contract between the buyer and the seller. a...
08/12/2008
                                     Repairs are an issue that not only have to meet the satisfaction of both the buyer in the seller during the negotiation process, but, in some cases, the repairs may also be required by the lender. An example of a lender required repair is an FHA loan that migh...
08/12/2008
                        It's time to establish value. The lender wants to know if the house the buyer is signing for is actually worth the dough that their about to lay on the line. That's why the lender wants an appraisal. And the lender wants an appraisal from someone who is licensed to perform...
08/12/2008
                                       The Buyer Orders A Home Inspection The buyer or buyer's real estate agent is responsible for ordering a home inspection report, if they decide to have one performed. A home inspection usually costs around $350 for the average home, and maybe an additional fe...
08/12/2008
                                           The Appraisal Is Ordered The mortgage company will order the appraisal after the buyer has been approved for the loan. The buyer has to pay for the appraisal. The smart buyer will ask the mortgage company to wait until after the home inspection to order ...
08/12/2008
                                                               Here are a few thoughts for you in a series on credit ratings : "A" CREDIT   • Excellent credit last two years • Job stability - two years in same profession • Debt ratio (house payment, installment & revolving) not over 55% of gross...
08/12/2008
                               It's time to insure that all parties have all of the contracts and the information associated with them to begin the closing of the real estate transaction. When the Offer to Purchase Contract is accepted and signed by the seller and delivered to buyer's agent, you,...
08/09/2008
                                           It's time to get serious ! The earnest money. The money deposited by a buyer, which is given to the listing agent, demonstrates the buyer's serious intentions to proceed with the purchase of the home. (ya think?) This is also a deposit which may be gover...
08/09/2008
                                     This is what the contract may include: 1. The terms of the sale and the sale price 2. Any legal descriptions required to accurately portray the characteristics of the land 3. A statement including the type of deed to be delivered by the seller to the buyer 4. ...
08/09/2008
                                  Once the offer has finally been accepted, and the aspirin bottle emptied, a promise is made by the offeree to become liable to the conditions and terms made by the offeror. This acceptance of the offer must be communicated to the offeror. If any aspect of the ter...
08/09/2008
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David Saks

May God Bless You, Always. David
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