If a Seller receives multiple offers, may the Seller make multiple counter offers back? How does a Seller call for “Highest & Best?” What happens if a Seller makes simultaneous counter offers & more than 1 Buyer accepts? What forms should Sellers & Buyers & Agents use to protect themselves contractually? Watch the video to find out!
Please browse “Videos” or “Playlist” for so many more!
FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter.
Negotiating repairs during the Due Diligence period – best practices! What is the BEST way to address concerns a Buyer may have with a Seller’s Property? May a Seller terminate during Due Diligence? What if a Buyer & Seller are still negotiating an Amendment and the Due Diligence period is ending? How do you extend the Due Diligence period? What if a Buyer terminates a contract with 0 Days Due Diligence but hasn’t sent the Earnest Money to the Holder? Watch the video to find out!
If Buyer has a due diligence period & terminates to contractual obligation to remit earnest money to holder, then on Termination & Release: “Buyer to retain earnest money not yet remitted per contract.” BUT if Buyer had NO Due Diligence period & terminates before sending Earnest Money to the Seller, Buyer contractually owes the Seller that money as liquidated damages for terminating by default because Buyer had 0 Days Due Diligence.”
Regardless, if Earnest Money is addressed in the CREATION of a contract, it must also be addressed in the TERMINATION of a contract.
How to use Remine Docs the EASY Way! Thank you to real estate agent, Amber Taylor of Maximum One Realty Greater Atlanta for walking us through how to easily use this program available on FMLS to create real estate contracts! Amber.Taylor@MaximumOne.pro
Please browse “Videos” or “Playlist” for so many more!
FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter.
In the Georgia Association of Realtors (GAR) Contract package there is a MUTUAL Termination of Purchase & Sale Agreement and a UNILATERAL Termination of Purchase & Sale Agreement – when should you use which one & why?!?!!? Watch the video to find out!
Maximum One Realty 