Edgewood, WA Real Estate Blog

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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Once again I’m aghast.
I was just reading a comment(#43) to a post on deceptive radio advertising for mortgage lending on Seattle’s Rain City Guide regarding selecting an agent when I received a call from the selling agent on one of my recently closed transactions.
He said he was missing a copy of an Agency Disclosure Form [...]

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The Washington State legislature (RCW 64.06.020) requires a property disclosure form (which when using NWMLS forms is known as a Form 17) be provided by a seller for the transfer of: 1) Real property consisting of one to four dwelling units, 2) a condominium, unless the sale is subject to the public offering statement, 3) [...]

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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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What do you do if you don’t know the “correct” listing price for your home?
In yesterday’s market a lot of agents picked a number that would satisfy the seller and wait for the market to catch up. That technique appeared to have some success when prices were escalating 15% a year or more. [...]

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Notwithstanding all the technological advances of recent years, the fact remains that selling real estate is a simple business-
Price the property appropriately and expose the ‘heck’ out of it.
Note I said simple, not easy. The distinction reminds me of something I heard or read about Bob Hope being “accused” by a reporter of being [...]

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I posted the following comment this morning in response to Why Touring Your Home Isn’t RE.net Compatible and Other RE Fallacies.
Ah yes, the office tour… I concur. It’s a poor excuse for marketing offered up to anxious sellers. It always bothered me that tours were presented to a seller as meaningful exposure. [...]

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