Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips


Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Topic Options
#248311 - 09/06/08 01:50 PM Explaining REO Forms to Buyers
RESTEVE Moderator Offline
Member

Registered: 10/28/06
Posts: 417
Loc: Kansas
It seems every property I have made an offer on recently for investors, there are different addendums required. If you are a buyers agent, is it your duty to explain the forms to your buyer, or point out important items, such as a non refundable earnest money deposit? Or is it the clients duty to read the forms themselves before signing? I myself always point out key items like that even to investors who sign and dont take the time to read what they are signing.

Top
#248329 - 09/06/08 03:36 PM Re: Explaining REO Forms to Buyers [Re: RESTEVE]
Retsof Yor Offline
Member

Registered: 12/03/05
Posts: 492
Loc: South Central Kansas
Many buyers and sellers hear but they don't listen. I have walked through all the forms with agents, buyers and sellers. Even after that there is something that they did not understand, realize or read and they would like to lay it on my doorstep but it never because you did not tell me. Just my opinion to CYA all the time. I do like a reader though!
_________________________
Roy J Foster, Lic #BR39462
R J Foster & Assoc., LLC
FHA Inspector ID G551
FHA 203K Consultant ID D0631
FHA LBP Maint, Supvr ID 7534
316-258-2670
http://www.investment-properties.org

"The measure of a man's life can be found in his character, in his optimism, in his joy & humor, in his courage, in his passion for what was good & right, & in his love for God and family and neighbor and country."

Top
#248331 - 09/06/08 03:55 PM Re: Explaining REO Forms to Buyers [Re: RESTEVE]
JoeinCT Moderator Offline
Member

Registered: 07/21/08
Posts: 39
Loc: Milford, CT
Its great to point out the key issues in the addendum's but also let them know you are not a lawyer and it should be reviewed by their attorney if they don't understand something in it.
_________________________
Joseph J. Coretti
Milford CT Real Estate
Weichert Regional Properties
203.795.2411

Top


Moderator:  JoeinCT, REODayton, RESTEVE 
Newest Members
ruval12, evperry, EDWARDS ESTATES, MARCUS, Sammy-CA
12374 Registered Users
Who's Online
12 registered (bhilsm, ChristieS, copenwbpos, Crash, I_sell_so_I_can_golf, jbt4re), 31 Guests and 9 Spiders online.
Key: Admin, Global Mod, Mod
Search

Shout Box

Good Ideas
Nusetlock.com




Energized Seller




Realtor Websites




Sponsors


Real Estate Careers, Find Houses For Sale, Get Certified. Improve your BPO business., How To Advertise Here


This site presented by RNC Internet Services