Tag: sellers

What to do when the home seller has dementia?

A Power of Attorney allows a person with dementia ("the principal") to name another individual ("the agent" or "attorney-in-fact") to make financial and other decisions when the person with dementia is no longer able.  As with any Power of...

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Avoid the DC recapture tax ‘surprise’

If you are an agent listing a property for a decedent’s estate/personal representative in DC, help your client and the prospective purchaser avoid a potential big surprise – the real property recapture tax. DC Office of Tax and Revenue has...

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Split closings are (almost) never a good idea

The other day I handled a split closing – the buyer used Federal Title & Escrow Company and the seller used another title company – and things did not go so smoothly. A closing already has many different parties involved: buyers, sellers,...

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Close It! nominated for Tabby Award

We’ve got exciting news to share! Our iOS app is one of three finalists for a Tabby Award in the Business Products and Services category. Launched in May of this year, Close It! has already received more than 5,000 downloads. The app...

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Sellers should consider an appraisal addendum

As we are again finding ourselves in a competitive market, with sellers in many cases receiving multiple offers, one issue that has re-surfaced is the concept of “waiving the appraisal contingency.”   What does this mean to a buyer...

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