Better Homes and Gardens Real Estate | Mason McDuffie
3320 Grand Ave. Oakland CA 94610 (510) 834-2010, (510) 418-9443, Ernest@GoErnest.com.
Real estate service in regular sales (equity), foreclosure (REO, Real Estate Owned), short sales, probates, trusts, conservatorships, single family residences, luxury homes, condos, and multi-units. Also, skilled with 203K loans, divorces, flips, BPO (Broker Price Opinion), and trustee sales. Service in small commercial real estate.
Service in Spanish. (Hablo Español.)
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This Week's Real Estate Story
- Demand to Close Escrow
The seller can demand of the buyer to remove contingencies and to close escrow. The first one is to remove physical inspections, appraisal, and loan contingencies. The form is Contingency Removal. The second is usually used when, after buyer has removed all contingencies, the buyer still is not closing. This form is Demand to Close Escrow.
In all my years practicing real estate, I've only gotten this demand twice. The first time we lost the house because the buyer did not believe the seller would actually carry through with the demand. The second time, we moved along and the seller eased up on us.
Usually it's the seller demanding the buyer to perform. It's in the best interest of the buyer to take these demands seriously. The seller, in my experience, is never bluffing..
Realtor Oakland CA
600 Kenwyn Rd. Oakland CA 94610
(Problems with the map? Phone me at 510-418-9443.