Rain City Guide

This is not legal advice. For legal advice, consult an attorney, not a blog.
In this challenging market, many buyers are discovering that their loan program is no longer available. This is a particular problem with new construction, whether condo or house. The buyer signed a purchase and sale agreement (PSA) several months [...]

It’s not a good time to look at this issue from a hindsight perspective. In this changing market, we need to revisit this topic and talk about how a changing market may influence your decisions and actions in 2008.
In a hot market, the instances of the seller wanting to keep your Earnest Money are [...]

As with any blog, this is not legal advice. If you want legal advice, consult an attorney in your area.
Escala. 1521 second avenue. Olive 8. Just a few of the many luxury, high-end condominiums going up in the Emerald City. Needless to say, when its “designed exclusively for the confident few,” you can [...]

They say a blog serves many purposes.  Well, I’m hoping one purpose is to educate the blogger…
With high values properties, it is common for a buyer to put up a significant amount of earnest money.  State law allows a seller to keep up to 5% of the purchase price in earnest money in the event [...]

For those of you who grew up in the 70’s, if you were like me and missed an episode of the Rockford Files, you were really bummed out. Missing the Rockford Files was almost as bad as my parents making me late for my soccer games. Not a good thing. Tivo, [...]

The times they are a changing.
Personally, I don’t see any reason why anyone except the closing agent, should view my buyer client’s personal check.  A “qualified reperesentative” from the escrow company, picks up the check and gives me a receipt for it.  When they deposit the check at escrow, I get a second receipt showing [...]

 
While the purpose of the Finance Contingency is to protect the buyer in the event they are not able to obtain a mortgage, more and more the buyer is not covered all the way to the day of closing.
In a perfect world, the buyer submits an offer with a Finance Contingency that runs through the [...]

Some of the most Frequently Asked Questions in a Real Estate Transaction involve the Earnest Money Deposit. The Earnest Money usually follows with the transaction from day one all the way through to the last day, as in “follow the money”.
The buyer usually writes a check for the Earnest Money deposit at the same time [...]