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Home Selling in Lynnwood : Real Estate Advice

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Activity 6
Mon Jun 19, 2017
Kit Gauthier asked:
I believe their was something in my contract stating the Management Company has first rights to sell the property if I decided to list it up to 6 months after a rental agreement terminates.…
0 votes 0 Answers Share Flag
Sat Nov 21, 2015
Classyivories asked:
Thu Feb 5, 2015
Kary Krismer answered:
This is really more of a legal question: What do you need to disclose to future buyers on the "Form 17" disclosure statement. Consultation with an attorney would be prudent.

It's too bad that the buyer who backed out let you know why they were backing out, at least if they didn't attempt negotiate a compromise. Now that you know their claims you have at least three choices: 1. Disclose it without any further investigation. 2. Disclose it with additional investigation and disclosing that additional conclusion. 3. Disclose it and make some repairs. If this buyer gave you their entire inspection report, you'll need to do that with every item mentioned in the report.

As to your specific question, IMHO another inspector won't be of any use. You'll need to hire a structural engineer or some sort of other specialist in foundations. And even if that specialist gives you a clean bill of health, I suspect most attorneys would still advise you to disclose what happened on the prior sale and what the specialist said.
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Thu Apr 18, 2013
Bill Eckler answered:
To a few, this feature may be something that is found attractive but to most I'm afraid it would be a negative feature. My recommendation is to base your decision on your best information and if necessary, do what needs to be done prior to listing it.

Bill
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Wed Mar 16, 2011
Peggy Johnson answered:
I would ask your agent to check how many condos have sold in Lynnwood in the recent past. The problem with condo selling right now, is that the houses are going for the same price as some of the condos, so you may want to think about leasing it through your agent. Your agent is right - it is the market! ... more
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Wed Apr 21, 2010
Jirius Isaac answered:
DE,
I agree with Natalee below. All this conversation should be going on with your agent, since you have an agent. If you are not sure they know what they are doing with short sales, or if they are not comfortable consulting with you, then you should consider getting another agent to represent you. My short sale clients (4 of them at present) are not in this predicament at all. Good luck to you. ... more
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