Posts Tagged ‘real estate contracts’
The Importance of Trust in Real Estate Agency Relationships
Trust is a key element in any relationship, and that includes business. In real estate transactions buyers and sellers need to be able to trust their agent, as agents not only tell their clients what documents are required to complete transactions, but also negotiate on their clients’ behalf. The role of an agent is to…
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FREE Informative Real Estate Contracts Call Tomorrow!
Please join me tomorrow, March 4, at 2 PM PST for a FREE Zoom call, sponsored by Finest Women in Real Estate, where I will be discussing real estate contract responsibility and liability under the California Residential Purchase Contract. This will pertain to home buyers, home sellers and agents of both. If you have ever…
Read MoreReal Estate Agents: What You Need to Know to Avoid Litigation
Because we live in a litigious society, if you are a real estate agent or broker there is always the threat of litigation hanging over your head. Working on a daily basis with contract and legal consequences, we all need to keep vigilant to protect ourselves. If you are named in a lawsuit or go…
Read MoreWhat is an Escalation Clause and Should You Use One?
Escalation clauses are becoming very popular again. Although controversial amongst those who work in the real estate field, they are not illegal nor prohibited. If you are a buyer or seller you should understand what they are and how they work…they could be a blessing or they could cost you in a big way. An…
Read MoreWhen Do You Truly Own the Home You Purchased?
I read an astonishing statistic today: Zillow reported that about 47% of homebuyers think they own a home once they have signed the purchase contract. Not only did this shock me, but it really made me upset. Someone – the agent – is not communicating. This is way too important to not discuss with buyers,…
Read MoreCarbon Monoxide Detectors: Are Sellers Liable?
You may or may not have heard that as of July 1, 2011 carbon monoxide detectors must be installed in every single family residence. So, what is your liability if you are a seller – do you have to install them before the close of escrow? While it is true that carbon monoxide detectors must…
Read MoreDon’t Blow Your Real Estate Purchase: Understanding Material Terms
Understanding the difference between material and non-material terms in a real estate contract is of great importance to the real estate purchaser. While most agents understand need for specificity in real estate contracts, buyers and sellers should also know the difference between material and non-material terms in order to avoid potential problems with the sale…
Read MoreBacking out of a Real Estate Contract: Buyer’s Rights
Real estate contracts in most states are and have always been pro-buyer, especially here in California. Buyers usually have a contingency period, in which they can complete home inspections, get their loan approved and any other things that are important before contingencies must be removed and they risk losing their initial deposit. What most people…
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