#1 Realtor Team In SouthEast Florida for Prudential Fl WCI

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Real Estate Agent - KELLER WILLIAMS ELITE PROPERTIES
RECENT BLOG POSTS
In the disclosure statement on a home sale, I wrote that the old roof "leaked (replaced) age 1 year old". The buyer is suing me in court for a leaking roof saying that I had misrepresented the state of the roof. Does he have a leg to stand on?The buyer relied on your disclosure that the roof was ...
08/09/2007
In addition to everything else, the contract should include an "inspection contingency clause"; that is, what happens if the buyer's inspection does reveal problems with the property. What happens following the inspection depends on the terms of the contract. Small problems, like leaky faucets, l...
08/09/2007
For starters, know what you are buying. Ask questions. For example: (1) Are there any zoning violations on the property which will have to be corrected? (2) Are there any environmental hazards which may be present (someone in the distant past may have dumped environmental hazards on the property ...
08/09/2007
The contract should also include a standard clause that enables the buyer to have an inspection made of the property. It should allow the buyer to terminate the deal and receive a full refund of the deposit if s/he (1) is unable, despite good faith efforts, to obtain financing within an agreed up...
08/09/2007
The buyer should consider the following: (1) Exactly what property is included in the sale? Lighting fixtures, drapes or blinds, refrigerators, stoves, washing machines and dryers are often problem areas. (2) Is the neighborhood quiet, friendly? Are the homes well kept? (3) Are there any developm...
08/09/2007
A buyer can withdraw an offer anytime up until the offer is accepted by the seller. After that, the seller may owe the commission to the broker, and may well turn around and sue the buyer for breach of contract to recover the cost of that commission. If the seller changes his/her mind after accep...
08/09/2007
Seattle Post-Intelligencer/Bloomberg News, By Jody ShennAugust 8, 2007Washington Mutual Inc., the biggest U.S. savings and loan, has raised requirements for accepting so-called low-documentation mortgages, and UBS AG has stopped taking loans that don't have some proof of a borrower's income and a...
08/08/2007
American Home Mortgage filed for bankruptcy protection. Aegis Mortgage shut down mortgage operations.  HomeBanc stopped originating mortgages; plans to sell assets to Countrywide.  Impac Mortgage Holdings halted "Alt- A" loans.  Washington Mutual raised requirements for accepting so-called low-do...
08/08/2007
2 Comments
Buyer advice: "This is a great time for buyers, but don't try to steal a house from the seller."Tip for seller: "Buyers judge a house on how it feels when you walk in."The market: "We're anticipating the fall market. From Labor Day to Thanksgiving is traditionally the second biggest market."
08/07/2007
In today's shifting housing market, the buyer has the advantage, and consequently is holding the seller and real estate agent more accountable for the condition of a property. Consequently, the Home Warranty Association of California (HWAC) is advising buyers and real estate agents to look more c...
08/07/2007
Rainer
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SERGE KAY

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