Currently viewing the tag: "contingencies"

You search and scour the internet. You look through all the photos, check the maps, triple check descriptions, and drive by the homes you like. You find it. The One. The house that has everything you want and need. You call a realtor, and you hear words that make your heart sink.

“I’m sorry. That [...]

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“But it’s my property”

On September 21, 2011 By

Here is the scenario:

Buyers look at houses and find one they like.  The real estate condition report has a couple of boxes checked, including the one that states that the seller is “aware of subdivision home owners associations, common areas co-owned with others, zoning violation or non-conforming uses, …restrictive covenants, rights-of-way, easements, [...]

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In this career, we often here these words “But it is a cash offer!?!”  They usually are uttered in an astonished tone when the buyer who is paying cash is surprised than an offer of thousands of dollars under asking price has been rejected by a seller.

Cash is king with a reasonable offer.

Cash [...]

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Use Value Assessment

On April 10, 2010 By

If you are looking at purchasing a rural property, you might see a reference to a Use Value Assessment when looking at MLS property descriptions.

The Use Value Assessment is piece of Wisconsin legislation that tries to prevent urban sprawl and protect agricultural use of our farm land.

When a property is being used for [...]

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Termites

On September 29, 2009 By

When it comes time to write an offer, your realtor is going to ask what contingencies you want to put in it.

Every situation is different, and there is no such things as a standard offer. Many people do put in a financing contingency. If the buyers have a house to sell before they can [...]

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