Risk of Not Appraising Borne by Buyer The very rich are different from you and me. –F. Scott Fitzgerald Fitzgerald might have added, “and so are their home transactions.” One of the features of truly upper bracket homes is that the individuals who buy them — by definition — are people of substantial means. If...Read More
Contingencies: ‘Small c’ or ‘Capital C?’ One of the most confusing things about residential real estate — and there are plenty — is exactly what it means for an offer to be “contingent.” As Realtors use the term, a “Contingent” offer is one that’s contingent upon the would-be Buyer selling their current home, which is...Read More
Lack of Standardized ContractsCreates Foreclosure Can of Worms From a realtor’s perspective, representing a Buyer trying to purchase a foreclosure can present an endless can of worms. For starters, there’s the issue of the house’s condition. What is it? Unlike a typical owner-occupied home, there are no disclosures, and the Buyer usually must agree to...Read More
