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I WAS GETTING NOWHERE
"I really appreciate what Lynn Boyd at Keller Williams Realty did to help me find a wonderful home. I was getting nowhere searching online for forclosures in Panama City , Florida . Finding good forclosure listings online is like getting cheerful service at the DMV....impossible. They are scantilly detailed and far and few between. What's more, I was looking for my first home, and more specifically, a home with real investment potential. This task was made even more daunting because I had never before lived in Panama City . It was clear, I had to find a realtor who knows the area and above all a person I could trust. I needed to employ somebody with the resources, instincts, and ability to listen, in order to help me find, not just the right home for me, but a great deal on that home. I asked Amy Bresser with Keller Williams in Madison , Wisconsin if she could help me get started over in PC, she enthusiastically agreed and asked me some questions about the type of person I'd like to work with and what I was looking for in a home. Well, she must have been listening, because she got me in touch with Lynn Boyd at Keller Williams in Panama City . I ended up buying a beautiful beach house forclosure, not 5 years old, 3 stories, 4 bedrooms, 2.5 baths, with an ocean view for well under $200,000. I won't even boast how much the house sold for a couple years back. This was the first home Lynn showed me, and after a day of footwork, I came right back to it. She obviously knows how to read a client. I can only hope to work with Lynn again in the future, as some gifts can only be opened by closing! This Christmas night I just wanted to thank you Lynn for helping me in this journey." Aaron Eichstedt, 2009
Aaron Eichstedt
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Real Estate Contracts >Deadlines
Both buyer and seller should be aware of all of the deadlines in their purchase agreement. Each contract is different, but there are usually time limits covering the structural contingency, the financing application, the loan commitment, and the closing.
If you are a careless buyer, you could lose your right to ask a seller to pay for needed repairs. There may be a limit on the time the seller has to respond to the buyer's request to complete repairs that are not required by the contract. Failure to apply for your mortgage on time may place your deposit at risk if the loan is denied. In many cases, the agreement can be declared null and void by the seller if financing is not approved within the time frame set forth in the contract. A delayed closing can cost the sellers money, and they may ask the buyer to reimburse these expenses.
Work closely with your real estate agent to ensure that all of your transaction deadlines are met.
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| Q |
Where and when was the first motel introduced on the American commercial real estate scene?
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| A |
The first motel, appropriately named the "Motel Inn", opened in San Luis Obispo in 1925. |
 See More Real Estate Trivia > |
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