Duke Hayes

  • I'm a:
  • Real Estate Professional
  • Company:
  • Sundin Realty, Inc.
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Duke Hayes,  in Vancouver & Clark County, WA
  • 44 Answers
  • 16 First Answers
  • 19 Useful Answers
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About Me
Personal & patient real estate services are my specialty. I enjoy helping real estate buyers and sellers in the SW Washington state areas of Clark County and the city of Vancouver market or find their homes. My style is personal and conversational, offering no pressure information and resources to help you make the important decisions for you and your family.

Sundin Realty, a local, well respected, Real Estate brokerage in the county for over 25 years, is where I hang my hat. A greater bunch of agents you'll not soon find anywhere. It's like working with family...

I've worked to earn the following designations to serve you better:

ABR - Accredited Buyers Repesentative - This is very important to you buyers... using the home owner's listing agent is not always in your best interests.

GRI - Graduate Reator Institiute - Extended training in the business, art and science of real estate

e-PRO - The use of the latest technology in Real Estate - To help buyers and sellers alike get the most out of their marketing and making their deals go as smoothly as possible.

Call me today talk about your wants, needs, concerns and answers your questions... I 'd be happy to hear from you...

Thank you, Duke
My Q&A View all >>
Duke Hayes's Questions (1)
Duke Hayes's Answers (44)
Duke Hayes answered:
Hi Dave,

Yes they are.

Having said that, short sales are in a world of their own. The seller must approve your offer but will usually accept anything. That's when their lender or lenders, in the case of 2nds or more, step in to approve your offer. This can take very long periods of time with no guarrantee that you will ever get an answer. Very few actually close. The shortest I've ever been a part of was 2 months on a small townhome, the longest upwards of 6 mos. with one closing and the other , my buyer decided to move on after getting nothing back.

Short sales are for those that have a LOT of patience and a high frustration tolerance level... are you sure that the offer hasn't been submitted, or that they are just waiting on the bank to respond?

BTW, nice home... - Fri Oct 24 2008, 08:56
Hi Dave,

Yes they are.

Having said that, short sales are in a world of their own. The seller must approve your offer but will usually accept anything. That's when their lender or lenders, in the case of 2nds or more, step in to approve your offer. This can take very long periods of time with no guarrantee that you will ever get an answer. Very few actually close. The shortest I've ever been a part of was 2 months on a small townhome, the longest upwards of 6 mos. with one closing and the other , my buyer decided to move on after getting nothing back.

Short sales are for those that have a LOT of patience and a high frustration tolerance level... are you sure that the offer hasn't been submitted, or that they are just waiting on the bank to respond?

BTW, nice home... - Fri Oct 24 2008, 08:44
Duke Hayes answered:
There really is no average. It all depends on the commission offered by the seller, the splits between the brokerages and the splits to the agents. The commissions are usually split 4 ways, so about 25% to an agent would be close. Then out of that, the agents pays for business expenses before getting what's left to take home. The listing agent also generally pays for any advertising and marketing of the home from their pocket. There really is no 'average' as such. It will depend on the deal in question and the agreements made between the parties... - Thu Oct 16 2008, 14:23
Duke Hayes answered:
Have you discussed this with your agent? He/she should be on top of it. However discusssing it with a lawyer may be your next recourse. Your agent may also have a contact as well. As Kary said, you need to move fast, BEFORE closing... - Thu Oct 16 2008, 09:39
Duke Hayes answered:
It's one of the mysteries of the short sale. Although, if the package is set up well, meaning that the offer and supporting documentation is submitted correctly and complete enough, it may have the advantage of making the decision by the bank's representative easier. Regular follow up is also helpful. Basically though, you are at their mercy... it depends on how busy they are, how complete the information presented to them is, and the details of the offer... - Fri Jul 18 2008, 08:38
Duke Hayes answered:
Hi Diana,

Typical buyers closing costs here in Clark county are :
Loan fees
Interest
Home Owners Insurance (Impounds)
Prorated Taxes (Impounds)
Title & fees
Escrow fees
Misc. expenses

Your title company can give you an estimated HUD that will outline these. The fees will rarely exceed 3.5% of the selling price. As far as the costs that the seller will assume for you is a matter of negotiation between you and them. There are many different ways to approach this...

Hope this helps...

Duke - Sun May 18 2008, 08:47
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