For Sale By Owner?You May Think Selling Your home is easy

See if you can answer these 11 questions,You May Think Again

Earnest Money

#1 What is Earnest Money, what is an

appropriate amount, and what is it used

for?

Buyer Default

#2 If the Buyer defaults, what happens to the

Earnest Money? orDid the Buyer default, or just change their

mind?

Seller Disclosures• #3 Since you are selling “By Owner” what

disclosures do you have to make?

AS IS (as is what?)

#4 What does the term “AS IS” mean

to you and how does it apply to your

transaction?

Buyer Remorse• #5 What if your Buyer suddenly gets a case

of “Buyer Remorse’ and changes their mind? What do you do?

Fees#6 Who is going to

pay for: Title Insurance Escrow Fees Inspections

City and or County Tax

Material Defect• #7 Define a “Material Defect” and how it is

going to apply to your transaction?

Buyer Credit• #8 A Buyer makes an offer over the asking

price, but wants the amount returned in the form of a credit. What Happens?

Liquidated Damages

#9 How do you include “Liquidated

Damages’ in the purchase contract?

•How would it apply and be enforced?

Multiple Offers• #10 If you receive several offers, how do you

issue a counter offer and accept only one?

Escrow#11 Think the Escrow

Company will be there to help you through these

issues?

Escrow serves to carryout the terms you have

agreed to, not correct your mistakes

Have Your Lawyer Call

Mine(bonus question – extra credit)

Guess which State has a reputation as being one of the most Litigious in the

Nation?How many court cases

are related to Real Estate ?

Don’t Stay Awake and

WorryCall Doug & Deena Willis

RE/MAX Property Concierge266 Monterey Rd

South Pasadena, CA 91030Phone 626-432-4615

CA BRE License #’s 01334541 & 01354143

RE/MAX Property Concierge

Pasadena, South Pasadena &

AltadenaDeena &

Doug Willis