Kary L. Krismer

I'm a:	Real Estate Professional
Company:	Keller Williams North Seattle
Location:	Seattle 98115
Web sites:	http://a211034.yourkwagent.com/
Phone:	(206) 723-2148

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About Me

Few agents understand Washington's new Distressed Property Law. While it is commonly thought to affect only sellers, it can also affect buyers. While buyers are only affected in certain limited situations, most agents don't understand which situations and often don't even know whether the property is distressed. My wife and I can help you navigate the distressed property law legal minefield with forms that protect the buyer better than the statewide forms. We can also suggest viable alternatives to distressed properties and/or negotiate on your behalf in "for sale by owner" situations, guiding you both as to the proper value and the proper paperwork. In addition, we have contacts to assist buyers with financing and inspections.

For clients desiring to sell their homes, we do not accept Distressed Property listings. The financial risk is too great (which is why we try to protect our buyer clients with special forms). For the rest, we offer free light staging assistance, professional photography, and hold multiple public open and broker open events to fully expose your property to the market. Whether you are interested in a quick sale, or maximizing your return, we can help you properly price your home and prepare it for sale. Sorry, but My wife and I work as a team to fully service our clients' real estate needs. As long time residents of the Seattle area, we know it very well, but we also service clients from Tacoma to Marysville, and all points in between.

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Kary L. Kris…'s Answers (56)

Is a seller required to disclose complete flood information before earnest money is paid?

Asked Sun Nov 16 2008, 10:18 by Julie Debell… - 98233 - Home Buying - 4 answers

Kary L. Krismer answered:

These are really questions you should be asking a real estate attorney, because you might have time limits rapidly approaching. Also, these questions would be difficult to answer without seeing the documents. - Sun Nov 16 2008, 10:52

we are first time home buyers looking for a condo/townhome on the east side. wondering if we can see the house

Asked Tue Nov 11 2008, 01:52 by Manish Gaur - Bellevue - Home Buying - 7 answers

Kary L. Krismer answered:

Have you contacted anyone yet about your ability to qualify for financing? If not, that's really the first step.

Then as others have mentioned, finding an agent to let you in is the most common option. You could also contact the listing agent to let you in, but that agent would be representing the seller, not you. Many people erroneously think that contacting the listing agent will save them 3% on the price. That is not necessarily true (I won't take a guess at the likelihood, because it doesn't matter when you're only doing one transaction), and in any case you wouldn't have anyone on your side representing you. Yet another way to get in is to find out when there might be an open house.

But again, the first step is to contact a mortgage broker to see what you qualify for. Without knowing that you might be wasting your time looking at properties you're not able to buy. - Tue Nov 11 2008, 07:07

What happens if a person is behind on their mortgage and the home is not able to sell?

Asked Thu Nov 6 2008, 10:09 by Kristian Sch… - Allyn - Home Selling - 2 answers

Kary L. Krismer answered:

Kristian, you're dealing with a short sale situation. You really should discuss this with your broker.

With the NWMLS, if you accept the offer, the contingencies are released, and then you cannot close, you can end up owing the other agent a commission. But beyond that, to the extent you can't close because of something you did, you could be responsible for damages to the client.

I'm also an attorney, and personally I would not handle a short sale without an attorney handling the short sale aspects of the sale (negotiating with the bank, etc.). The helps reduce your exposure under the distressed property law, but beyond that with the right attorney it also means the short sale work is being done by someone who does a lot of it and presumably knows what they're doing. - Thu Nov 6 2008, 10:24

Can your condo be forclosed on for delinquent HOA dues in Washington State?

Asked Mon Nov 3 2008, 11:12 by Ann - Lacey - Foreclosure - 2 answers

Kary L. Krismer answered:

Almost certainly, although I'm not familiar with the procedure off the top of my head (although it is a judical process). One thing to keep in mind is that you'll probably be responsible for the attorney fees involved, so it would be better to make arrangments for payment if possible. Chances are they don't want to foreclose (absent bad blood) and would accept reasonable payments. - Mon Nov 3 2008, 17:38

how can people under the age of 13 get houses on their own?

Asked Mon Nov 3 2008, 14:22 by Margalena Go… - Everett - Home Buying - 5 answers

Kary L. Krismer answered:

Legally you don't have the capacity to enter into contracts until you are either 16 or 18 (I forget which), so as a practical matter you're stuck at home until then because no one will likely rent or sell to you. There is an exception for necessities, but I don't see a landlord or seller taking that risk (nor a bank for that matter).

Sorry. - Mon Nov 3 2008, 17:23

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