Down Payment Assistance for Buyers
Is down payment assistance for everyone? Homeownership programs are available nationwide, and the average down payment assistance benefit is currently between $10,000 and $12,000. These programs can help homebuyers get into a house sooner than they may think and give them a valuable cash cushion for other expenses, like the home inspection and possible repairs. Read entire article
Information for Buyer's and Seller's "Stay Home, Stay Healthy Order" Click Here
Seller to Install Carbon Monoxide Alarms
Effective January 1, 2013, all residential properties are required to be equipped with carbon monoxide alarms. In addition, RCW 19.27.530 requires the seller of any owner-occupied single-family residence to equip the residence with carbon monoxide alarms in accordance with the state building code before a buyer or any other person may legally occupy the residence following the sale. Additional information about carbon monoxide is available at the Washington State Department of Health's website.
Hot Water Tanks need Earthquake strapping: Appraisers will require there are strapping on the tank.
Closing Cost Estimator
Enter in some simple data to get an estimate of closing costs for your property sale. Remember to place ONLY the buyer's agent commission if you are using my flat fee FSBO service. I suggest you offer 3% to the buyer's agent, but its up to you. Click HERE to use the estimator. To find an escrow and title company in your county go to Title company in your county
Sale Transaction Flowchart Print FlowChart
This flowchart will assist you in choosing the transaction forms that will be needed for the sale of your property. Please email me if you need any forms at firstname.lastname@example.org and in the subject line, write "Purchase Forms Needed".
Offer Assistance Option $1200.00
For List4FlatFee.com customers, I offer an option for assistance with offers when the buyer is being represented by a broker. I charge $1200.00. This is only an option and you are not required to utilize my assistance. You can choose this option on your listing forms if you decide to do so. MLS Listing forms can be Downloaded here
Read more about my assistance with offers and what it entails
Offer Assistance when the Buyer DOES NOT have an agent
My program is designed to connect sellers directly with buyers. However, if you need assistance working with a buyer with no broker representation, then I can facilitate the transaction. I charge 1.5% of the sales price. Contact me for additional details by emailing me your property address and your phone number, Email email@example.com
Septic Systems: When selling a home, YOU CANNOT market your home as having more bedrooms than your septic capacity regardless of whether they exist or not. Read more about this important law that affects your ability to market more bedrooms.
Buyer Rebate: If you need to purchase a home and are not working with an agent, I can assist you with that purchase. I will give you a buyer rebate of 1/2 of the commission that the seller is offering in the MLS listing. For example, if the home is $300,000 and the seller is paying a 3% buyer's agent commission, then I would give you $4500 of that commission (1/2 of $9000) as a Buyer Rebate OR credit at close of escrow, your choice.* Please email me for more information at firstname.lastname@example.org. First Time Home Buyer Guide
Lead Based Paint Pamphlet & Disclosure Print Pamphlet Download Disclosure
If your property was built PRIOR to 1978, you must disclose this to potential buyers and sign a Lead Based Paint Disclosure addendum, regardless if you sell FSBO or through an agency.
Agency Law Pamplet Print Pamphlet "The agency law of Washington State" which explains agency and the role of agents. Please print this pamphlet and read it carefully so that you fully understand the laws of agency relationships.
Seller's Property Disclosure Statement
Washington State sellers must complete and deliver to the buyer a Seller's Property Disclosure Statement for their property. I automatically email you this form if you list with me, however, you can email me and I will send it to you in advance. I just need to know if the property is improved or unimproved. Email me at email@example.com
Change Form to make changes to your MLS listing.
Washington State Road Conditions Click Here
*Some lenders may not allow you take the credit at closing. In that case, I would pay you in a check after closing, called a Buyer Rebate. This amount is reported to the IRS as income, and you would need to complete a 1099 form before the rebate is paid and claim the amount on your taxes. We file a 1096 with the IRS for reporting purposes.
The Washington Dept. of Natural Resources includes a wealth of information on geological hazards.
The Consumer Financial Protection Bureau's (CFPB) Integrated Disclosure rule became effective October 3, 2015. The Integrated Disclosures rule—also known as the Know Before You Owe rule—consolidates four existing disclosures required under the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA) into two forms: the new Loan Estimate form, which integrates and replaces the existing RESPA Good Faith Estimate (GFE) and the initial TILA forms the new "Closing Disclosure" form, which integrates and replaces the existing RESPA HUD-1 and the final TILA forms new loan applications initiated on or after October 3, 2015, must utilize the new disclosures.The new disclosures apply to lenders for most loans secured by real property, with the addition of some loans that were previously covered under TILA but not RESPA. These additional loans include: construction-only loans, loans on properties of 25 acres or more, vacant land if a home will be constructed within two years.
Tenant laws in Washington State