Edgewood, WA Real Estate Blog

I’m representing a buyer on a transaction.  The seller’s agent dutifully delivered a copy of the required property disclosure form. But it’s not the current form. Now what?
Since the WA state legislature specifies the exact form of the property disclosure (commonly known in NWMLS land as the form 17), the clock on the [...]

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Update:  The issue discussed in the following post will be rendered moot with new forms to be published October 15, 2007.
I made the follow comment to a post made by Jason Mook: Switching Boats Mid Stream.
This issue concerns the typical financing contingency found in most real estate contracts. In essence, the financing contingency says [...]

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It’s not uncommon for buyers and sellers to confuse signing closing documents with closing the sale of a home. They are not the same thing.
Closing (at least here in Washington State using NWMLS forms) is defined to have occurred when the transfer documents are recorded (the deed) with the county, and, sale proceeds [...]

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I made the following comment to a post by David Paul on Resurrection of Seller Financing at the Seattle Real Estate Professional blog this afternoon.
David Paul-
Good post and timely advice.
It’s been my experience (yeah, I too have to admit to being around in the 80’s) the situation where the buyer took a conventional first [...]

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I needed the proper signature block for a client to sign a purchase and sale agreement as “attorney in fact” in a form that would be insurable. I came across this helpful guide from Chicago Title.
I’m not providing legal advice – check with your own attorney.

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Almost every purchase and sale agreement today includes a home inspection contingency.  They are often improperly used.
Why not negotiate the repair items you’re aware of as part of the initial purchase and sale agreement? Often times I’ve seen buyer’s agents wait until the inspection report comes back before negotiating repairs they know are needed.
That’s poor [...]

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I got a call from a homeowner yesterday.  I’d previewed her home the day before.
She was looking for feedback… searching for a reason why her home hadn’t sold in the four months it had been on the market.  She had listed her home with a limited service agency, so she was doing the showing/previewing follow [...]

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I’ve reviewed hundreds of purchase and sale agreements.
Some good, some not so good. Helping new agents was part of what I did as assistant manager at my former company. I didn’t expect new agents to be experts at drafting contracts at first. When they needed to write a clause addressing a particular [...]

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