My Articles

The most recent Financing Addendum to the Purchase and Sale Agreement includes new language in Section 2 titled the Seller’s Right to Terminate. Here is the new language.a.)Right to Terminate Notice: “At any time ______ days (30 days if not filled in) after mutual acceptance, Seller may give...

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Real estate brokers occasionally receive a request from sellers or buyers to simply “write-up” the transfer of real property on our state approved real estate forms. This can occur between family members, friends and acquaintances, landlords and tenants, for-sale-by-owners, etc....

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In this period of escalating prices in the Seattle Area, along with the low number of transactions, appraisers are sometimes finding it difficult to locate comparable sales to substantiate the escalated price, as a true market value for the lenders. When an appraisal comes back that is lower than...

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In this market where buyers are waiving inspections, presenting Offers without financing contingencies and, signing-off on their review of the Re-Sale Certificates without questions (condominiums), we’re also seeing “Escalation Clauses” that increase their Offers far above the List Price. I...

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Understanding Your Resale Certificate As the seller of a condominium in Washington State, you’re required to supply the buyer with a resale certificate and all supporting documentation shortly after you enter into a purchase and sales agreement with the buyer. The HOA’s professional...

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There have been some changes in the policies which govern condominium loans that are insured by Fannie Mae and Freddie Mac.a.)The most significant change in policy allows for a loan to an owner-occupant, or condominium purchased as a second home (vacation home) to be insured by Fannie Mae and...

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When a condominium is sold in the State of Washington, the Seller must provide the Buyer with a Re-Sale Certificate and supporting documents. It’s important for a Buyer to review these documents for information that may influence his purchase of the condominium. You are advised by the State of...

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Your “Inspection” has been completed and you need to respond to the Seller prior to the deadline in the Purchase and Sales Agreement. You have Five Options;Your First Option is to do nothing. By not formally responding within the prescribed time frame you no longer having the ability to...

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You’ve just engaged a full service real estate agent to List your home for sale. What are the possible steps in the process of getting my home sold?Professional Inspection of the Home (optional) – The Buyer is most likely going to have an inspection of the home to identify any potential...

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Agent

Steven Meyers, Owner/Managing Broker

Steven Meyers, Owner/Managing Broker

Phone(206) 972-3328