Jun
08
2009
We now have blank real estate contracts available for, for sale by owners, fsbo who have elected to sell their homes on their own.
This is extremely helpful information. It is not light reading, but read it a couple of times and it will make sense.
If you are a for sale by owner, who takes the time to study the contract, you will have an advantage over most home sellers who don’t have the time to read the contact before they sign it. You will have a better understanding about the various points of negotiation, then the home buyer.
You will also be better prepared if there are problems.
What do you do if a buyer exceeds a contingency date? What do you do if they don’t have their home inspection on time or if they want something repaired, but the property is being sold as is.
Since, you don’t have the advantage of a Realtor guiding you through the home selling process, this is a good tool to have.
We will post additional documents soon.
If you are a For Sale By Owner, don’t hesitate to drop us a note with your property information, so that we can pass it on to our readers.
Our readers beg for For Sale By Owner listing information. Unfortunately, most investors know that you as a group are easy prey.
Oct
20
2008
Is your home located within a home owners’ association, condominium association or co-operative?
The priority lien article is a MUST READ.
Before you purchase your Bethesda Condo, read this article.
When a property goes to foreclosure, the property owners’ portion of the dues often goes unpaid and the community suffers. Many associations are going bancrupt.
This is an opportunity for you to get informed and do something about it.
Sep
19
2008
Real Estate Owners must educate themselves about the Priority Lien Bill. Haven’t heard of it. That is because the bankers and mortgage insdustry is working hard to lobby against it before it gets attention.
Many Home Owner Associations are going under, belly up, Chapter 7, Chapter 13, filing Bankrupcy because home owners who have their propertie foreclosed on are not making paying their dues a priority. The properties often sit vacant and no one pays the dues.
The associations can’t afford to make the necessary repairs and pay their bills for necessary services and utilities.
It is essential that a priority lien bill be passed in each state. This will allow the associations to get paid after the taxes but before anyone else. Everyone is going to continue to suffer if this is not addressed and from my post as Commissioner on the Commission on Common Ownership Communities, I see more associations and more people suffering unnecessarily.
You have taken the time to read this post. Take this information and spread the word. Imagine the roofs of properties go without necessary repairs. The problems are going to intensify.
If playgrounds fall into disrepair our children will be hurt. If there are no playgrounds the community will become unsociable and possibly anti social. If you think that this is exreme, you are out of touch.
If you think that this does not effect you, you are mistaken.
It is essential for everyone to live in a healthy environment. Anything less tends to tear at the threads of our culture and sends us into decline.
Please spread the word and drop a note to your governor requesting that the priority lien bill for Common Ownership Communities be passed. If they do not know what it is, take the time to enlighten them. If everyone could get their friends to send 10 emails a day, this bill would get attention.