Archive for 'Seller Information'
Common myths & misconceptions of Escrow.
Please do not construe this as legal advice, it is not. The sampling below is general in nature and is referencing common escrow misconceptions we see in the course of conducting business.
Here are a few to get started.
1) Escrow firms produce and verify the validity of Legal Descriptions.
Incorrect. In a sale it is the [...]
Posted: October 22nd, 2007 under Agent Advice, Buyer Information, General Real Estate, Seller Information, Title and Escrow.
Tags: escrow, ethics, Legacy-Escrow-Service
Comments: 9
Do It Yourself Home Staging
This is a good example of what a homeowner can do by themselves to get their property ready for market. There are really only three things that will help a property sell. Location, Condition and Price. The only thing you can do anything about are condition and price. So make sure you do your best [...]
Posted: October 7th, 2007 under Seller Information.
Tags: DIY-Home-Staging, home, Staging
Comments: 14
Should Loan Originators Retract Preapproval Letters?
Someone interested in buying a home interviews a couple of Loan Originators and selects one to become preapproved with. The Loan Originator meets with the buyers and takes a complete loan application, reviews their credit and obtains all of their documentation. The LO provides the buyers with all of the [...]
Posted: October 4th, 2007 under Agent Advice, Buyer Information, General Real Estate, Mortgage and Lending, Seller Information.
Tags: preapproval, preferred-lender
Comments: 75
A Seller’s Guide to FHA
FHA insured mortgages have received a stigma in past years for creating a challenging transaction. Sellers seem to prefer conventional financing, even subprime financing, over an offer with an approved FHA buyer.
The Federal Housing Administration was established in the 1930s following the Great Depression. These innovative low down payment loans were intended to help more people become home owners with intentions [...]
Posted: October 1st, 2007 under Buyer Information, General Real Estate, Mortgage and Lending, Seller Information.
Tags: FHA, seller
Comments: 52
Taking on KING/KONG…
Yesterday I was interviewed by a KING-5 reporter, Kim Holcomb, and which I had written about on my blog at this post. I had jokingly referred to taking on King Kong but only because the news segment was shown on KING-5 and KONG-6 last night.
The news story was about how the market here is changing just [...]
Posted: September 18th, 2007 under Agent Advice, Buyer Information, Diversions, General Real Estate, Local information, Moving to Seattle, Seattle, Seller Information.
Tags: appreciation, seatle, seatte-real-estate, Seattle, Seattle-Area-Real-Estate, seattle-bubble, seattle-real-estate, seattle-real-estate-market, seattle-real-estate-market-conditions, Seattle-WA
Comments: 47
Don’t let your “gut check” go to waste…
No, I’m not talking about a new abdominal workout but rather advocating that landlords be on top of things when choosing who to rent to. I bring up the topic to highlight that the majority of landlords don’t do this kind of research using instead a “gut check” to determine if someone is lease-worthy; [...]
Posted: August 30th, 2007 under Buyer Information, General Real Estate, Legal Issues, Local information, Real Estate Law, Rental, Seller Information.
Tags: Investment, rentals
Comments: 4
Recall notice on some GE Dishwashers
If you’ve got a dishwasher manufactured by GE from Sept 1997 to Dec 2001 you may want to check out their website at www.geappliances.com/recall or call the recall hotline at 1-877-607-6395 (8am-8pm Mon-Sat Eastern Time) to see if yours is on the list of recalled products. Be sure to have your model and serial [...]
Posted: August 29th, 2007 under Buyer Information, General Real Estate, Legal Issues, Rental, Seller Information, Uncategorized.
Tags: disclosure, notification
Comments: 26
Landscaping and it’s impact on your home sale price…
This article from REALTOR(R) Magazine’s online version states that good landscaping can impact your home sale price anywhere from 7-15% depending on who you’re talking to and the location and type of landscaping for your property. At Team Reba we’ve been helping clients with services such as landscaping for several years now. A [...]
Posted: August 24th, 2007 under Agent Advice, General Real Estate, Seller Information.
Tags: real-estate-photography, Real-Estate-Stats-2007-1st-Half, Staging
Comments: 11
No, Chicken Little, the sky isn’t falling…
A friend of mine that works in a small town bank in Kansas called me in a panic the other day because the officers at the bank were freaking out during a meeting saying that Countrywide was going bankrupt. For them there is concern because Countrywide buys all of their residential loans. Apparently [...]
Posted: August 18th, 2007 under Agent Advice, Buyer Information, General Real Estate, Mortgage and Lending, News, Seller Information, Uncategorized.
Tags: interest-rates, lender, lenders, lending, lending-institutions, loan-officer, loan-originator, Loan-Originator-Legislation
Comments: 83
Transit on my mind…
So, we’ve all been inundated by WSDOT telling us to stay off the highways during the shut down on I-5 and today’s Seattle Times shows that they’ve done such a good job of convincing us about it that traffic has been better than the past 15 year’s time (my personal opinion on that timeline) because [...]
Posted: August 14th, 2007 under Buyer Information, Community, Eastside, General Real Estate, Local information, Moving to Seattle, News, Real Estate Search, Seattle, Seller Information.
Tags: property, puget-sound, puget-sound-real-estate, Seattle-Area-Real-Estate, seattle-real-estate-market, seattle-times, traffic, transit, Transportation, vote
Comments: 4
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