The Specialist in Seattle Real Estate
The Oregon legislature has just passed a bill requiring listing agents to reject “Love Letters” from prospective buyers. The new law, which doesn’t go into effect until January 2022, prohibits “any communication other than customary documents from a homebuyer, including photographs.” Often these letters contain details that disclose personal details that include protected class information. …
What is a Seller Disclosure Statement? Seller Disclosure Statements (often called Form 17 in the State of Washington) are the buyer’s opportunity to learn as much as they can about the property and the seller’s experience in it. Potential seller disclosures range from knowledge of leaky roofs to work done without the benefit of a …
Buyer’s are being advised by unscrupulous brokers and mortgage lenders to go ahead and write several offers at the same time on several different homes in the hope of getting one accepted. Let’s face it, the market is extremely active and many buyers are not getting their offers accepted, even though they are making very …
It’s come to my attention through real estate colleagues and the “Agent Remarks” on the NWMLS that several brokers are not allowing pre-inspections on their listings before Buyers offers are being reviewed (presumably in multiple offer situations, and with their Seller’s consent). I find this to be an odd approach. Our duty is to encourage …
Next week the NWMLS (Northwest Multiple Listing Service) is updating a number of forms used in real estate transactions. This is pretty common and Brokers are advised to study the changes and be well-versed in the proper usage of them (I wish more were!). Most of the changes are not major and just reflect shortcomings …