Who Pays For What?

In Real Estate contracts it behooves everyone to make certain, right from the start, who will pay for what. The seller, or the buyer?

If you're not sure there will be a cost for something, write it in anyways. If you think the lender may require a roof cert, write it in the beginning that whomever you want to pay for it, will pay for it. If there are questions about Home Warranty, ask for it up front.

Sometimes, we think we can negotiate that later. And, yes, sometimes this is true. And, a lot depends on the popularity of the property, who the seller is. Many factors.

But, if it's standard, ask up front. Get it worked out now. Nothing worse that all those little surprises a week before close of escrow to botch a deal!

With Short-Sales, we have come to expect that the lender won't pay for Home Warranties, 6% commissions, and more. But, with experience and know-how, a CDPE agent can get some of that covered.

Any agent, that tries hard enough, and knows enough. will generally guide their clients correctly from the get-go.

Hire a good agent, listen to what they say. They've sold many more REO's, Short-Sales and standard sales in this last year than you have in a lifetime!