Aloha OahuRE.com Client, As you probably know through the news, the National Association of Realtors has reached a settlement where buyer’s agent commissions will now be negotiated for all offers. As of August 12, 2024, our MLS will remove any offer to the buyer’s agents to pay a commission, and going forward, there will be no … Read more
It is frustrating to lose your dream home when there are multiple offers. Here are some tips to help make your offer the one that is accepted. Summary Check List How Many Offers Are There? Anything Special the Seller Needs? Understand Comparables Sales Decide on What Price to Offer Add an Appraisal Clause Add an … Read more
Many times buyers have to cancel during the escrow process. The most likely reason for canceling is they are not satisfied with the inspection. Another reason could be they do not like something they found out on the disclosure statement. The 3rd big reason for canceling is they can’t get the loan. If they have … Read more
A Broker’s Standard Addendum is designed to reduce the liability for the Broker. For example, paragraph one of the OahuRE.com Standard Addendum states that Brokers are released from any liability in areas in which professional services have been recommended and where we are not experts. The termite inspection is an example of this. We always … Read more
If there are any special assessments that being paid monthly paragraph F-8 is very important. Buyers will want sellers to pay any lump sum assessments prior to the Acceptance Date. They might want sellers to pay off any special assessments they are paying monthly on. Sometimes this can be a lot of money depending on … Read more
If the 2nd blank is checked then a professional cleaning is needed for the entire home with receipts provided to prove it was done. If the 2nd blank is not checked then only the carpets need to be professional shampooed. The other cleaning items can be done by the seller or a professional cleaning service. … Read more
We always check K-2 for our buyers. It is a complete survey. K-1 is normally NA. For condos surveys are not possible. If the home is a CPR sometimes surveys are possible and sometimes they are not possible. K-3 Boundary Encroachments If a property has encroachments most of the time to buyer will continue anyway. … Read more
Paragraph J-8 shown below dictates when your stuff needs to be out, but it specifically says you can stay there until closing, although with all your stuff out of the house it is more like camping in your own home should you decide to stay until closing. Some agents will say 5 days for J-8 … Read more
Escrow is most likely to fall out during the inspection period, but that happens early on in the escrow, normally within the first 2 weeks. After the inspection is approved and you are getting close to closing the most common reason escrow is cancelled is using the financing contingency. Simply put, if the buyer can’t … Read more
A complete disclosure is the most important thing a seller can do to protect themselves from being sued in the future. The rule I go by for the disclosure is if you must think about whether an issue is important enough to disclose, then you should disclose it. The rule our attorney gives us is … Read more