Tip of the Week – 2022

Who must sign as Sellers of the contract?

Today, Blair discusses when spouses must sign on the deed together.

Cost of updated Resale Certificated capped.

Today, Dawn reminds you that the fee for obtaining and updated Resale Certificate from a Property Owners’ Association is capped at $75.00 by law.

How should brokers handle revisions to commission splits offered through MLS?

Today, Dawn answers questions she often gets about commission splits between cooperating brokers.

When Seller wants to leaseback the property for longer than 90 days.

Today, Dawn discusses the use of the a different lease agreement form when Seller wants a longer leaseback term.

Release of Earnest Money

Today, Blair clarifies when the title company will release earnest money.

The importance of estate planning.

Today, Dawn emphasizes why an estate plan should be created to assure your property goes where you want it after death.

 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.

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