When reviewing a newly received offer to purchase with a seller, it’s a good idea to take the time to also review the Seller’s Property Disclosure Statement to ensure that nothing needs to be updated before responding to the buyer’s offer. A statement that is
To strengthen your buyer’s offer, always include as much information as possible along with the offer instead of merely relying on the options to provide the information later. This includes such items as verification of funds for cash offers and pre-approval letters for financed offers.
Q: I represent a seller who has received a cash offer. The buyer has indicated in Section 5 that they will provide the verification of funds within 3 business days of the Effective Date. The seller is concerned about taking their property off the
Q: I represent a homebuyer on an offer the seller has accepted. We agreed to the Licensed Professional Inspections section of OREF 001– Residential Real Estate Sale Agreement and are currently within the ten-business-day inspection period. Today is day nine. I delivered to the seller’s
When representing a buyer who is getting a VA loan and requesting the seller to pay the buyer’s non-allowable VA fees, consider providing additional information instead of just marking the “Federal VA” box in the Financed section of the Sale Agreement. If the buyer is
Q: I’m preparing an offer for a buyer on a home where the assessor’s office shows a tax assessment of $32 per year for a special fire district. Should I mark the ‘is’ box in section 42 of the Sale Agreement, Levy of Additional Property
Counties may change the assessed value of a piece of property if a recent sale price differs from the county’s previous estimate of fair market value. It’s a good idea to recommend your buyer check with the local assessor’s office when making an offer to
When you begin working with a seller, it’s helpful to provide them with a sample copy of the Sale Agreement for the type of property they’re listing. Encourage them to read through it and highlight any sections they have questions about for you to review
Q: I currently have an active listing – we have not yet received an offer. The seller has received notice of a pending assessment to be levied by their neighborhood HOA. Accordingly, the seller has disclosed this fact under question 7D of OREF 020 –
During negotiations, be sure to explain to your buyer how much, if any, of the buyer’s agent’s fee the buyer will owe based on the documents currently being negotiated. Especially in the case of a seller’s counteroffer modifying the amount of the seller’s contribution to