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"

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
1,105,362
Karen Fiddler, Broker/Realtor
HOM Sotheby's Intl Realty, 949-510-2395 - Laguna Beach, CA
Laguna Beach & Lake Arrowhead, CA (949)510-2395

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

Jul 28, 2010 11:00 AM #1
Rainer
115,933
Kyle Jan
Scottsdale, AZ
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. 

Jul 28, 2010 11:01 AM #2
Rainmaker
115,716
Joe Harvey
Lake Worth Real Estate - Lake Worth, FL

Nice job in breaking out the magnifying glass!!!

Jul 28, 2010 11:06 AM #3
Ambassador
881,063
Larry Bettag
Larry Bettag - Cherry Creek Mortgage - Saint Charles, IL
Regional Vice-President

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.

Jul 28, 2010 11:08 AM #4
Rainer
10,801
Amber Fuller
Realty Boulevard - Reno, NV
Broker/Owner

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!

Jul 28, 2010 11:17 AM #5
Rainer
10,801
Amber Fuller
Realty Boulevard - Reno, NV
Broker/Owner

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

Jul 28, 2010 11:23 AM #6
Post a Comment
Spam prevention
Show All Comments
Rainer
10,801

Amber Fuller

Broker/Owner
Ask me a question
*
*
*
Spam prevention