This week’s relevant links: Week of April 1st-6th, 2013

“What sunshine is to flowers, smiles are to humanity. These are but trifles, to be sure; but scattered along life’s pathway, the good they do is inconceivable.” ― Joseph Addison   GenY is finally in a mood to buy (houses) A generation that’s about 90 million strong, Millennials (or Generation Y) form the largest demographic

Avoiding Lender Fraud

As a Principal Managing Broker, I am asked about the proper response to handling seller financial incentives to the buyer. There are only two ways to handle financial incentives from the Seller to the Buyer without stating specific inspection items in the addendum. Loan officers from various companies continue to ask our brokers to write

When buying a home: Why not “on or before”?

Why not “on or before”?  Often a buyer and seller aren’t sure when they want to close.  They would like to write in the contract that the closing will be “on or before” a certain date.  Brokers will sometimes go along with this thinking that the issue will be resolved later. Therein lays the problem.  

Property-Seller Disclosure Statement

SELLER DISCLOSURE STATEMENT Like many other states, Washington requires that the Seller must provide the buyer with a property disclosure statement if the sale involves a property containing up to four dwelling units, unimproved land that is zoned residential, or a mobile or manufactured home. The only exemptions to this law include transactions where the

How can a listing agent represent both parties in a transaction?

There is confusion surrounding agency and exactly who the listing agent should represent when the Buyer comes directly to them without the representation of another agent. Assuming the listing agent had no previous relationship with the Buyer, their representation should remain with the Seller. When you really think about it this is the logical route,