Tuesday, April 25, 2017 / by Scott Foster
1741 Junipero Avenue
Long Beach, CA
Selling residential income and commercial properties often takes a unique approach to sell the property—and to maximize the profit potential for the Seller. Our Residential Income and Commercial Specialist, Rebecca Themelis was able to work with a Seller who thought that she would not be able to get her property sold—and achieved spectacular results!
First, Rebecca gathered the previous three years of operating statements and created a detailed investment model, with research going into how much similar properties were renting their units for and calculating the exact expenses required to operate the property, to accurately predict the cash flow.
Rebecca then educated both the potential Buyers and their Agents, creating a win-win environment for those involved, and was able to generate twenty-five offers over a four-day period. Rebecca sold the property for 20% over the asking price which afforded an additio; ...
Thursday, April 20, 2017 / by Scott Foster
The escrow process can be a complicated and often technical necessity of buying and selling real estate. The escrow company and its officer have many duties to juggle on behalf of the Realtor, Seller, and Buyer during the real estate transaction. Understanding the various duties and functions of the escrow can assist all parties in ensuring a successful and timely transaction as everyone involved has a part to play.
The Escrow Officer’s main duty is to remain a neutral third party between Buyer and Seller in a real estate purchase transaction at all times. The Escrow Officer is not to be involved in negotiations between Buyer, Seller, and/or Lender.
Additional escrow officer duties and responsibilities are as follows:
Receive and hold Buyer’s funds in a non-interest paying trust account during escrow.
Read and comply with all agreements as detailed in the Purchase Contract and Joint Escrow Instructions as it pertains to the escrow process.
Follow mutu ...