BACK TO BUY SELL A HOME What is a “listing agreement”?
What is a ‘listing agreement’?
→ Read MoreGeneral Home Buying and Selling Questions
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What happens after a buyer and seller agree on a price for a home?
After you find the home you want to buy, you, as the buyer, will present an offer through the real estate agent to the seller, outlining the purchase price, time to close escrow, contingencies, amount of deposit, etc. The seller can reject the officer, accept or counter. If a deposit is required, an escrow account is set up. Various property inspections are performed to determine the overall condition of the property. The Transfer Disclosure Statement is filled out by the seller and given to the buyer, which details the present condition of the property, including defects and malfunctions. If defects are uncovered, it is necessary to decide if the repairs will be done at the seller’s expense, or taken as a credit against the purchase price.
→ Read MoreWhat happens at the “closing”?
What happens at the ‘closing’?
→ Read MoreWhat if there are problems found with the house after the closing?
What if there are problems found with the house after the closing?
→ Read MoreWhat is a “contract”?
What is a ‘contract’?
→ Read MoreWhat are some things a seller should look out for when dealing with the sale of a house?
What are some things a seller should look out for when dealing with the sale of a house?
→ Read MoreAfter looking for months, we finally found a home we could afford. Unfortunately, the home inspection revealed a number of defects that weren’t apparent at the time we agreed to buy the property. While we have the right to walk away without penalty, we prefer to work out a solution. What are some of the options?
Tips on how to renegotiate home purchase agreement after additional defects are revealed in inspection.
→ Read MoreIs it a good idea to close escrow while there is a tenant in the property that is currently being evicted?
Discussion of effect of tenant in possession at time of closing escrow and how to negotiate about this.
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