If you are selling your home, you want everything to be smooth. You could be selling for any number of reasons — upsizing, downsizing, moving out of state, moving to senior living, or even because you are just ready for a change. After all, you went to all the trouble of putting your house on the market, procuring a buyer, dealing with the buyer’s inspection items, waiting for the buyer‘s mortgage to be finalized, and meeting with your attorney to sign a stack of papers. And now finally, finally, finally, you have a closing date on your calendar. Just a few more days, and you will be on to the next chapter of your life. Or so you thought. . .Everything was fine. . . And then your survey came in. In a typical residential real estate transaction, the survey is usually one of the last things the parties actually… read more →
Dual agency is when one real estate agent represents both the buyer and the seller in a real estate transaction. While it is not an uncommon practice, it can sometimes create conflicts and leave the parties feeling like their own interests are not being protected. The parties may feel as though one side is being favored over the other despite (1) any written disclosure or agreement between the parties and the dual agent, and (2) any rules of conduct prescribed for dual agents. Despite that, there are quite a few advantages of having a dual agent. For example, communication between the parties could be faster. The dual agent will have more knowledge of the property and the situation, which can help streamline the process. Having less people involved in the transaction makes it smoother when it comes to obtaining responses from the other party. The agent may already know the… read more →