Two Forms Can Protect Backup Offers
In a strong seller’s market, addenda W and X can help sellers accept a top offer while protecting their next option if the deal falls through.
New Appraisal Standards Could Change Transactions
A nationwide overhaul of appraisal reporting is underway, bringing more detailed property data and standardized reporting requirements.
No Contemplated Interest When Appraised
When Realtors prepare a value or price opinion, other than in pursuit of a listing or to assist a potential buyer in formulating a purchase offer, the opinion must include any present or contemplated interest, including the possibility of representing the seller or buyers.