SHORT SALE ALERT--If you can't keep up the payments, and you tried a loan mod, and you don't have enough equity to sell, call us immediately for a short sale. You should act quickly--please visit us at the office right here in the middle of Fremont. Hire us to take care of your short sale. You'll be glad you did. listen here.
Fremont home values remain strong, and we are experincing record sales in spite of what you may have recently heard about the economy.
Problem 1. You decide to sell the house on the market, and you now have an offer to purchase coming in. It has been a while, so you are anxious to get going. The contract seems normal, and your agent is helping you along well enough. After a time you are hit with a $12,000 request for repairs and you are obligated to pay in order to sell the property or loose the deal. What happened? You thought everything was going fine in the real estate contract and you were going to sell the house.
Answer: In order to sell the house, the buyer asked for the Wood Destroying Pest Addendum of the real estate contract to be signed and you signed it. You are now locked in to comply. What's worse, the buyer can actually sue you to sell the house should you decide to halt the property for sale.
Even if the buyer attached the WPA mentioned above in the real estate contract, you could have counter offered using a limitation of repairs clause in the counter offer created by your Fremont broker office. With the correct wording, it keeps your Fremont home value for you to earn and really helps keeping you from being sued.
Problem 2. Same as above, but this time you handled the WPA thing okay. You are 30 days into the real estate contract and the moving van is reserved and on its way to move your property for sale. You even signed your escrow documents a bit early because all was well with the real estate contract.
You get a nervous call from your agent that says the buyer had to back out of the property for sale, and that you need to sign the release form so they can get their $10,000 deposit money delivered back to the buyers according to the real estate contract. You'll have to place the home back on the market. You did not sell the house.
Answer: You (your agent actually) needed to hand deliver the 24 Hour Notice to Perform document for the real estate contract within the specified allotment of time directly to the agent representing the buyer. In doing so, you would have placed the buyer on notice that you can kill the deal at any given time unless they provide a written removal of all of their contingencies withing the real estate contract (simply put, the buyers need to promise in writing to buy the property for sale now, or the buyers will have placed their deposit in jeopardy).
Problem 3. Similar to number 1, You decide to sell the house, and you now have a real estate contract coming in. It has been a while so you are anxious to get going. The real estate contract seems normal, and your agent is helping you along well enough. Then, you get hit with the $12,000 repair request from the buyer. Wait, you did not sign their WPA for the damaged wood repair and counter offered it out of the agreement. The $12,000 comes as a complete shock, and you cannot afford to fix it.
Answer: Before you put up the property for sale, you should have performed a full termite inspection from one of the top termite companies available to you. This way, you would have been able to count your costs before agreeing to the real estate contract, or had the chance to fix the repairs before you placed the property for sale.
Stressful situations aren't they? Rest assured our Frempont broker office broker of record, Jeff Pereyda goes over the loopholes with you BEFORE you get ready to sell the house.
Do you want peace of mind? Get us to set up a meeting with our broker or one of our agents before you sell your property.
Call 866-967-9137 toll free. Or, by email. Contact us and get peace of mind.
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