Full-time, full-service Realtor specializing in the Los Angeles South Bay. Residential, Income, and Commercial property specialist. Education, knowledge, and commitment.
"To Whom it May Concern,
I would strongly recommend Jim Finseth as your real estate agent. He went above and beyond while working with me and I am recommending his services to my own family and friends.
Jim helped me purchase my first home. This was a new and nerve racking experience for me. I spent quite a few months looking at many different places because I was so unsure about what exactly I was looking for. Jim continued to assist me providing me with resources, options, help, and was constantly available. He never once made me feel uncomfortable even though it was such a long duration that he was working for me. He also made me feel that I was the only one he was working for because of his ability during this process. For this I was particularly thankful.
During the actual purchase a few problems and concerns came up however, I was confident with Jim as my agent because he made it clear from day one that he was there to work for my best interests.
I was very satisfied with the professionalism and work with Jim Finseth as my agent."
Cheryl Malinowski Sun Jul 6
Jim Finseth's Questions (0)
Jim Finseth's Answers (15)
Jim Finseth hasn't asked any questions yet...
Check out real estate advice and opinions on
Trulia Voices!
Let me add more depth to the answer of your question. The liquidated damages clause limits the damages of the Buyer to 3% of the purchase price, therefore, it would put a Buyer at additional risk if more than 3% were put into a potentially unrecoverable escrow deposit. To make an offer strong, therefore, a Buyer puts the maximum of the liquidated damages clause (3%). I hope this reply provides you reasoning behind the 3% answer since a Buyer should know the reasons behind the details of an offer. - Sun Jul 6 2008, 01:47
Agent can NOT sign for Buyer unless a POA is in effect. If agent signs Buyer's signature it is probably considered forgery. No agent worth their salt would ever sign for a principal. That's my 2 cents. - Sun Jul 6 2008, 01:41
Likely your offer expired or terms and conditions were unacceptable. The bank may have elected to purchase it internally regardless of other offers. - Sun Jul 6 2008, 01:39
A lot depends upon whether or not the property is in rent-controlled area. I am surprised your agent did not specify the unit be delivered vacant if that was your intention. Hopefully you have a large security deposit. A RE attorney is your best bet at this point. Good luck. - Sun Jul 6 2008, 01:33
To add about the important point whether it is permitted. If it is not permitted, then it would likely be an illegal rental, and any lease would be an illegal lease. Could cause a lot of legal problems. Difficult to evict someone if the lease is illegal. Suggest you check permits very carefully and if it is not permitted, you should seek the advice of an attorney.
A good agent would run this to ground. - Sun Jul 6 2008, 01:28
Latest:
Realtor for
Shorewood Realtors
November 2001—present
Previous:
Director for
Realty Interlock
Director of family owned Southern California Real Estate Corporation.
November 1977—February 1992
National Realtor Award 2001,2002, 2003,2004,2005,2006,2007.
Report this profile
Fair Housing and Equal Opportunity