NEW!

Washington REALTORS® Legal Hotline lawyer Annie Fitzsimmons is back with Part 11, the final video in her series: Winning the Offer Battle Without Losing the War.    

 

This video is a special reminder to Buyer Brokers: In this seller-driven, crazy market, brokers are being forced to work buyers through transactions where brokers are exceeding the scope of their expertise.  

 

There is an Agency Law provision requiring every broker in every transaction to advise clients to seek the advice of an expert in areas that exceed the scope of the Broker's expertise (this was reaffirmed by a recent Supreme Court decision).   

 

Annie explains what this looks like in a transaction in this seven-minute video:

 

 

Agency Law Reminder for Buyer Brokers

 

 

 

 

 

PART 10:

 

Annie continues the discussion on buyers wanting to waive contingencies to make their offer as competitive as possible.  

 

We've talked about the risks of that, but in this video Annie wants to focus on minimizing the risk to the buyer who makes an offer without contingencies.

 

Watch the seven-minute video is online here: 

 

Minimizing Buyer Risk on No contingency Offers  Part 10

 

 

 

 

 

 

Part 9:

 

Annie brings up the topic of "Delayed Seller Possession."  

 

It gets tricky under Washington law.

 

Watch the six-minute video online here: 

 

 

Buyer's Offer of Delayed Seller Possession  Part 9

 

 

 

 

Part 8:

 

Annie talks about home sale contingencies - Buyer wants to buy a house but needs to sell his/her house first.

 

Watch the eight-minute video online here:  

 

 

To Form 22B or not 22B Part 8

 

 

 

 

 

Part 7:  

 

Annie discusses why you want to warn your buyers before they abandon reviewing the HOA Docs.

 

 

Watch the five-minute video online here:  

 

 

Buyer choosing not to review HOA documents?  Part 7

 

 

 

 

 

PART 6:  

 

Annie talks about instances of the misuse of Form 22AD by Buyer's Broker.

Watch the eight-minute video online here: 

Waiving Inspection Contingencies Part #5

PART 4:

 

Annie discusses buyers who need financing but don't want to include a financing contingency in their offer in order to make the offer more attractive.

What are the risks to buyer and buyer's broker?

Annie gives points to consider before proceeding in this manner.

Her nine-minute video is online here:

The Risks of Not Including Financing Contingency when Buyer is Reliant Upon Financing Part #4

PART 3:

Brokers have been writing some pretty unrealistic closing dates (a "fast" closing) on their Buyer's offers in the hopes of making their offer stand out to the Seller.

In this episode, Annie goes over potential risks for the Buyer.

Watch the six-minute video online here:

Brokers Writing Unrealistic Closing Dates on Buyers' Offers Part #3

PART 2:

In this video, Annie talks about which line on Page 6 of Form 17 buyer should sign.

Watch the 10-minute video online here:

Winning the Offer Battle without Loosing the War  Part #2

PART 1:

In part 1 of this series, imagine that your buyer cast too much caution to the wind and found themselves forfeiting earnest money, or maybe regretting having paid too much for the property, or possibly found that the property was riddled with conditions that they weren't aware of.

If your buyer loses that battle, you as the agent could be the collateral damage in the loss of that war.

Buyer might be likely to blame you saying that you failed to caution them sufficiently about the risk they were undertaking.

Annie wants to talk about some of the standards that are considered to be buyer protections.

See Annie's new seven-minute video online here: