At one time what we now call “wholesaling” was performed by those who did not hold real estate licenses and who, for the most part, advertised on telephone poles: “We buy houses in any condition.” I concluded that the practice was an end of run around licensing requirements by those who were happy enough to take advantage of home sellers who were afraid of fees…
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ENOLA (Jan. 4, 2023) – In a ceremony led by the 2013 Greater Harrisburg Association of REALTORS® Foundation President Karen Detwiler with 2022 President Keith Lipari, the two installed Kayleen Timmons, C2EX, AHWD, ABR, with EXP Realty New Cumberland, as president for the upcoming year. She will assume her duties beginning January 1, 2023. Keith will continue to serve on the Foundation’s Board of Directors as past president…
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Season’s Greetings! It is a cold but cloudless day and I am feeling particularly joyful, so I thought I would impart something “special” for this Holiday Season. Unfortunately for you, the older I get the more I pontificate. This is such a missive. You Realtors (I say “you” because, alas, I am not, except in spirit…
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Settlement (or “closing” if you so choose) is the finish line, the end. And as the Agreement of Sale says, settlement is when the risk of loss passes to buyer. If the house burns down one minute after settlement, it is the buyer’s problem. Unlike fires, most potential problems can be eliminated at the settlement table…
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Since the PAR Legal Hotline went in-house, I don’t get the thousands of calls each year that I once did, but I still get plenty. As you’d expect, the subjects are varied, but many callers seek advice about the provisions of a non-standard contract and how to explain it to their clients. To these callers I will give an answer…
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It happens. The buyer makes a good faith mortgage application and does everything requested of her, and yet, her application is denied. If the date for securing a mortgage commitment has not passed does the buyer have an obligation to make another mortgage application? That question was answered by the Pennsylvania Superior Court in a 1985 case…
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Enola, PA (Oct. 26, 2022) –Local Central PA charities will receive a helping hand from members of the Greater Harrisburg Association of Realtors (GHAR) this October. Realtors® are volunteering in their communities through Realtors® Reach Out, a statewide initiative sponsored annually by the Pennsylvania Association of Realtors® in October. Over the past 15 years…
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On October 19, Shana Louden joined the GHAR team as the Director of Membership and Special Events. In this role, Shana will be planning the Association and Foundation’s special events, coordinating New Member Orientation, assisting members with the Supra lockbox system and forming relationships with our business partners. She is jumping right into her responsibilities with New Member Orientation on Monday…
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As the market cools, it is likely more tolerant of offers that include inspection contingencies, so it may be back to business as usual. There will be occasions, however, where competition encourages a contingent-free offer. Buyers understand (mostly) the risks of waiving a home inspection. Sometimes they rely on their eyes or figure they can afford to repair some minor problems that might miss their gaze…
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So, as we slide out of the crazy sellers’ market of the past several years, we have time to catch our breaths and contemplate. What are the new issues? What did we learn? The answer to question one: none. The answer to question two: Hopefully a lot! Let’s examine. In the crazy market it seemed that prices shot up daily. …
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