Sneaky Sneaky!

By
Real Estate Agent with Realty Boulevard

I just had a short sale get approved and the only thing that was countered was the price. My buyer came up in price and I notified the listing agent that I wont order the inspections or appraisal until I have the written approval.

The next day I get the approval and in the very small print at the bottom it says that the seller will not pay closing costs!! So basically if I hadnt noticed that and we had proceeded with the purchase my buyer would have been out the cost for inspections, appraisal, time and closing costs if they didnt want to back out.

This is a perfect example of why "WE" as agents need to read the fine print. When I brought it up to the listing agent, they "didnt see that".... Really?? Know what your clients, bank or no bank, will and wont do!

It is very irritating to me that the banks feel like they dont have to participate in standard real estate practice/law. And even more irritating that agents either dont pay attention or dont care and just try to push things through!

Posted by

 

Thank you & God Bless
Amber

Amber Fuller
Broker/Owner
Property Manager

Realty Boulevard
500 Rylad Street Suite 300C
Reno, NV 89502
Cell (775) 247-8123
Brokerage (775) 622-0322
Property Management (775) 622-1445
Fax (775) 622-1227


"Life is like a book, make yours worth reading"

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Rainmaker
996,888
Karen Fiddler, Broker/Realtor
Laguna Beach & Lake Arrowhead, CA (949)510-2395
HOM Sotheby's Intl Realty, 949-510-2395

Always get it in writing. If it's not in writing, it doesn't exist.

July 28, 2010 11:00 AM
Rainer
115,302
Kyle Jan
Phoenix AZ Homes for Sale

Way to read the fine print and be an advocate for your client.  Banks and sellers will get away with whar we let them get away with. 

July 28, 2010 11:01 AM
Rainer
115,333
Joe Harvey
Lake Worth Real Estate

Nice job in breaking out the magnifying glass!!!

July 28, 2010 11:06 AM
Ambassador
876,211
Larry Bettag
Regional Vice-President
Larry Bettag - Cherry Creek Mortgage

I don't know why you're making this a member's only post.  You need to tell this to the world.  Also, let this get out so that Joe Q. Public sees what you do for your clients.  But these guys need to be called out either way.  Nice pick up.

July 28, 2010 11:08 AM
Rainer
10,751
Amber Fuller
Broker/Owner
Realty Boulevard

Hey Larry, how do I make it a public post? This was my first blog post! I am just starting to us AR! :)

Thanks guys! It really is amazing to me that if I wouldnt have read the fine print they would have gotten away with it!

July 28, 2010 11:17 AM
Rainer
10,751
Amber Fuller
Broker/Owner
Realty Boulevard

Ok, I got it! I just joined so I now can post to the public! Thanks!!

July 28, 2010 11:23 AM
Anonymous
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Rainer
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Amber Fuller

Broker/Owner
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