Silver Spring and Takoma Park Maryland Real Estate - Debbie Cook
Blogger and Realtor Debbie Cook intermingles Silver Spring and Takoma Park, MD culture, history, neighborhoods with interesting updates on the local housing market.
ARCHIVED BLOG POSTS
2012
4
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A real estate Offer is not a Contract until it is "ratified" by all parties. This means that all parties to the contract/offer have agreed to all the terms of an offer to purchase real estate. Once all the terms in the offer are agreed to, the parties sign and initial the offer and it becomes a...
06/09/2012
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A Contingency in a real estate contract usually means that something needs to happen in order for something else to happen.Example - “This contract of sale is contingent upon the purchaser receiving loan approval.” This means that loan approval must happen for the sale to happen (or close). ...
06/09/2012
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If you are involved in a multiple offer situation, it is only human nature to ask or want to know, how much the other offers are for on a property.The selling agents that make offers for their buyers on a home are not privy to this information. The listing agent will know what the other offers a...
06/09/2012
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An EMD is the buyers Earnest Money Deposit. The deposit is the money put "up front", usually in the form of a Check and accompanied by the contract offer for sale. It is a deposit to demonstrate to the seller that the purchaser is serious about buying the property and is willing to put some mo...
06/09/2012
When a seller needs more time to vacate a home they have sold to a buyer, they sometimes do what we call a rent back. After the buyer has purchased the home and had the settlement, they legally own the home. If the seller is to stay after the settlement date, the seller usually pays rent to the...
06/08/2012
Silver Spring, Maryland is definitely a Dog Friendly Place to live. All of the newer and a lot of the older Condominiums in Downtown Silver Spring allow dogs. Along with many busy professional people now living in Downtown Silver Spring with their dogs, comes the need for Doggy Day Care. There ...
06/07/2012
Personal photos should be removed from the home when selling your house because:1. Depersonalization shows the buyer that it could be "their" house and not belong to someone else.2. It's distracting and uncomfortable to some buyers to have someone else's personal photos staring at them. You wa...
06/06/2012
When the buyer's loan is approved and final walk thru by the buyer is completed, we all meet with a Title Attorney or a Closing Officer. The money for the sale is exchanged at the settlement or closing. All money is accounted for on a HUD1 Statement. During the settlement you will be signing a...
06/06/2012
Once the buyers have "performed" (come to settlement with their money to purchase the property) under the sales contract, and settlement is complete, then delivery of possession is to be given to the buyers (i.e., they are to be given keys AT the time of closing).Unless otherwise negotiated in t...
06/05/2012
This is an entry for the Positive Attitude for the Weary Soul Group Contest! | Fun in the Sun While the Business Still Runs! Join in on the Challenge!When I want to unwind, relax, recharge or refresh, I head to a place that's only 1 hour and 45 minutes away from the hustle and bustle of Downtown...
06/04/2012
Rainmaker
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Debbie Cook
Silver Spring and Takoma Park Maryland Real Estate