Laramie, Wyoming Real Estate: Read It Before You Sign It!

By
Real Estate Broker/Owner with Live in Laramie Real Estate, Laramie, Wyoming WY #12296

 

Frog with Book Seriously, I understand there is a lot of paperwork that goes with making an offer and buying a house.  What, with the disclosures, agency agreements, property condition statements and finally the actual offer -  you'd think you were making a major life decision.

Well, ... you are!  I can't be the only agent that gets tired of the mountains of paperwork.  However, I understand the necessity of it.  I know that it exists to protect people on both sides of the deal.  It spells out the specific terms being offered and ultimately, accepted.  It also details the consequences and risks to both parties.  It is a lot of information to process all at once.

As realtors, we will explain it to the best of our ability - Frog with Pencilbut most  of us are not lawyers - so you shouldn't rely just on our explanations.  You need to read it, too!  It is OK if it takes awhile, we expect that it will.  Because really the title of this post should be:

Read it,

            Think about it,

                             Understand it,

                                               then. . .    Sign it!

 

 

*This information is intended only to provide further clarification of real estate issues in Laramie, Wyoming. I am not an attorney.  This article is not endorsed, approved or affiliated with Century 21 Real Estate Center, Inc.  Any consumer with questions about the real estate process should always consult an attorney of their own.

Posted by

Brenda Whitman, Broker/Co-owner                                                Office Phone: 307.460.3298

Live in Laramie Real Estate                                                                Cell Phone: 307.399.5477

302 S 2nd Street, Suite 206                                                      E-mail: brenda@liveinlaramie.com

Laramie, Wyoming  82070                                                       Office Website:  www.liveinlaramie.com

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Wyoming Albany County Laramie
Groups:
1st Time Buyers
Advice for Sellers
Advice for Buyers
WeBlog Anything (almost)!
Valentine Bloggers
Tags:
paperwork
signature
wyoming
real estate
laramie
century 21 real estate center
reading contracts

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainer
257,007
Maria Couto
RE/MAX Premier - Berkeley Heights, NJ
Realtor with "Results That "MOVE" You'

Paperwork is my middle name. I have been trying to go paperless-but it is not working. And of course it goes with out saying clients are advised, I'm not an attorney...

Feb 12, 2011 06:46 PM #1
Rainmaker
291,279
Kate Bourland
Marketing with Kate - Redding, CA
Onlilne Marketing Mobile Marketing

I clear my desk and the pile grows again.  It's crazy.  Love this post.

Feb 12, 2011 07:33 PM #2
Rainmaker
693,112
Dan Edward Phillips
Dan Edward Phillips, Humboldt and Del Norte Counties, CA - Eureka, CA
Humboldt and Del Norte Counties, CA

Good Morning Brenda, the four points at the end of your post are most important!

Feb 12, 2011 11:23 PM #3
Rainer
237,354
Judy Klem
Transition Stage LLC - Shelton, CT
Home Staging, Senior Move Management, Fairfield/New Haven counties

Hi Brenda - Great tips, and I love your graphics! I hit Suggest.

Feb 13, 2011 01:28 AM #4
Ambassador
615,785
Pat Haddad, ABR, CRS, ePRO, GRI
Keller Williams Indianapolis Metro NE - Carmel, IN
Carmel, Fishers, Westfield IN Real Estate Expert

Brenda--This is one of the 'cutest' posts I have ever seen!  I just love what you did with the colors, fonts and graphics---not to mention that this is very good advice!  I just had to suggest it---first time I have ever suggested for being cute! :-)

Feb 13, 2011 01:29 AM #5
Rainmaker
3,201,109
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hi Brenda,  You are so right on target.  I always have to remind people to read everything. 

Feb 13, 2011 02:31 AM #6
Rainer
216,072
Joe Kenny
Realty Executive Midwest - Darien, IL
Better Than Your Average Joe

What is the onld saying?  The job isn't complete until the paperwork is done.  I read that in a bathroom once and it's pretty fitting in there because if you have to do too much paperwork it becomes a pain in the but.

Feb 13, 2011 04:42 AM #7
Rainer
243,850
Brenda Whitman, Live in Laramie Real Estate
Live in Laramie Real Estate, Laramie, Wyoming - Laramie, WY
Broker/Co-Owner, Laramie, Wyoming

Maria and Kate,  So much paper, so little time....

Dan - Thanks!  I think most of us in our personal lives have been guilty of just skipping to #4 at one time or another, but that doesn't mean we shouldn't at least aspire pay more attention next time! :-)

Thanks Judy and Pat!  I took the plunge and got an "iclipart" membership and fell in love with this frog series.  I've also discovered that I must like to do things in multiples or (series) so there will be more of these little guys!

Will - Sometimes I think people are afraid of offending us if they read everything over and that's definitely not the case.

Hi Joe!  What a fitting place to find a paperwork quote . . . I wonder if that one should go with the fat lady singing?

Feb 13, 2011 05:30 AM #8
Rainer
120,219
Steve Ewing - Keller Williams Realty
Keller Williams - Stockton, CA

Hi Brenda - Great post, very colorful and well written.  Paperwork is the bane of our existence but then without it we would be putting ourselves at risk.  Real estate is tricky enough without purposely shooting ourselves in the foot.

Feb 13, 2011 09:13 AM #9
Rainer
243,850
Brenda Whitman, Live in Laramie Real Estate
Live in Laramie Real Estate, Laramie, Wyoming - Laramie, WY
Broker/Co-Owner, Laramie, Wyoming

Thanks Steve, I guess it is a necessary evil .  .  .

Feb 13, 2011 10:28 AM #10
Rainmaker
627,210
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Raleigh - Cary Triangle Real Estate 919-602-8489

Brenda - Great explanations!  Great job getting this info out to clients.

Feb 13, 2011 11:39 AM #11
Rainmaker
1,492,859
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Buyers and SELLERS need to read the contract.  It's kind of surprising when even a seller hasn't bothered to read their contract.

Feb 13, 2011 03:09 PM #12
Ambassador
636,952
Larry Lawfer
YourStories Realty Group powered by Castles Unlimited® - Newton, MA
"I listen for a living." It's all about you.

Brenda,  You are so right.  One thing I do with my clients is sit with them and go over highlights and things they may have to read more thoroughly.  We have more experience with these documents and I try to share that experience with them.  Great post.

Feb 14, 2011 04:39 AM #13
Rainmaker
601,332
Donne Knudsen
Los Angeles & Ventura Counties in CA - Simi Valley, CA
CalState Realty Services

Brenda - Yeah, we Realtors and lenders aren't in the tree saving business.  It's absolutely ridiculous the amount of paper in an escrow transaction.  INSANE!!!  It's no wonder that buyers start just signing anything put in front of them and just plain stop reading.

Feb 14, 2011 02:28 PM #14
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
243,850

Brenda Whitman, Live in Laramie Real Estate

Broker/Co-Owner, Laramie, Wyoming
Ask me a question
*
*
*
*
Spam prevention