Q. I am listing a vacant lot, suitable for construction. The owner wants to impose limitations on how the property may be used, including restrictions on the type of construction of the improvements to be placed on the lot. How do I do this? A. You don’t. You tell the owner to obtain advice from an attorney who is experienced in land‐use law…
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Median Home Sale Price Increases 3.9 Percent ENOLA, PA (Jan. 17, 2017) – The number of residential housing units sold in south central Pennsylvania increased 8.8 percent in 2016. According to the Greater Harrisburg Association of REALTORS® Multiple Listing Service, 9,951 units were sold, up from 9,145 units sold in 2015. In the fourth quarter (October-December) 2016…
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ENOLA, PA (Jan. 16, 2017) – In a ceremony led by 2016 GHAR President Jodi Diego, CSP, ABR, CNE with Howard Hanna Real Estate Services in Camp Hill, the Greater Harrisburg Association of REALTORS® installed John Esser, CNE, CRS, with RE/MAX Realty Associates, Camp Hill, as president for the upcoming year. He assumed his duties beginning January 1…
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When extending dates and times for the performance of obligations set forth in the agreement of sale, make sure you reference specifically what line your proposed enlargement of time applies to. Be specific so that there is not confusion as to what is being extended…
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Facts. A recent Hotline caller represented a buyer whose offer was accepted. Shortly after the agreement was executed, the buyer asked for permission to visit the home to make measurements of kitchen cabinets so that replacements could be made and ready for installation shortly after settlement. The seller, a cop, said no way. Q…
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One could argue that I don’t know what I am talking about (I see a few nods of agreement). After all, I give Realtors® plenty of advice without having walked in your shoes. So this once, I am not going to tell you anything: instead, I am asking for your help. The loss of a family member gave rise for my need to hire a broker in southern California…
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Q. A property owner called an agent and asked for a CMA. The agent, figuring she'd get the listing, agreed. When the agent presented the owner with the copy of the CMA, the owner asked the agent to include a handwritten sentence stating that she performed the CMA to the best of her ability. The owner asked the agent to sign the statement!
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This, or something like it, is a frequently heard refrain. You hear it when you tell a listing agent that your buyer’s offer is forthcoming. Is it true? Does it have to be true? When it is not true, do you have recourse? These are questions we hear on the Hotline and they are questions addressed in malpractice claims pursued against listing and buyer agents…
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Facts. The certificate of resale issued by a homeowners association gave notice that an assessment would be issued to all unit owners requiring the payment of $5,000 to cover a particular item of repair or improvement (the exact purpose of the assessment is not important to this question). The buyer was surprised to learn of this assessment and clearly did not want to have to pay the amount when it became due after settlement…
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Median sale price increases in third quarter 2016 ENOLA, PA (October 13, 2016) – The number of residential housing units sold in south-central Pennsylvania increased 4.9 percent in the third quarter (July – September) of 2016. According to the Greater Harrisburg Association of REALTORS® Multiple Listing Service, 2,755 units were sold, up from 2,625 units sold in the third quarter of 2015…
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