Tip of the Week

 Contract deadlines under a backup contract and ramifications for early performance.

Today, Dawn cautions the consequences of early performance and what Buyer’s in particular need to do to protect their rights under the contract.

More clarification on who pays transfer fees.

Today, Dawn further clarifies how fees associated with a transfer of property in an HOA are to be allocated between Buyer and Seller.

Appraisal waiver vs. denial of loan due to insufficient funds.

Today, Dawn explains how a buyer can avoid defaulting under a contract requiring the full waiver based on insufficient funds.

Prorating taxes in a rising market

Today, Dawn addresses concerns about rising property taxes and prorations for the current year between a seller and buyer at closing.

Why do title companies refuse to insure title under a quitclaim deed?

Today, Dawn explains the effect of a quitclaim deed and why it is not acceptable to convey properly using a quitclaim deed.

The importance of using the Addendum Regarding Fixture Leases.

Today, Dawn clarifies the most important purpose for using the Addendum Regarding Fixture Leases.

Why should you get the Subdivision Information from the HOA during the listing period?

Today, Dawn cites the HOA law about subdivision information and encourages everyone to order it prior to the contract.

Who is responsible for any casualty loss to a Property during a Seller Temporary Residential Leaseback?

Today, Dawn reminds Buyers and Sellers to consult their insurance agents to ensure adequate coverage during a leaseback.

Why should Seller encourage inspections?

Today, Dawn explains why a Seller should encourage Buyer’s inspections of the property.

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