Friday, February 8, 2008

Builders find relief in new-home auction

Builders find relief in new-home auction
Pioneer Press - Buyers backing out of a signed purchase agreement lose earnest money of $1,000 if they were prequalified with Countrywide Financial Corp.; $5,000 if they were prequalified with another lender. An 8 percent buyer's premium was tacked on to winning bid
Source: www.twincities.com

Let's try $25,000 negotiating chip
San Francisco Gate - Rather than prenegotiate the sleepover with the seller before the offer, I am going to suggest to my buyers that we make the offer with a $25,000 earnest money check and "subject to final approval after a sleepover." Gives the seller something a
Source: www.sfgate.com

Just what constitutes a fixture?
Everett Herald - The insert was gone because their earnest-money agreement had not included a definitive list of items they expected to find when they took possession of the house. Most multiple-listing associations and real estate companies annually review and
Source: www.heraldnet.com

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