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All Forum Posts by: Vlad Kuzin

Vlad Kuzin has started 23 posts and replied 76 times.

Post: Washington MLS forms / agreements

Vlad KuzinPosted
  • Flipper
  • Seattle, WA
  • Posts 85
  • Votes 6

Can someone share latest Washington State MLS form (P&S Agreement) that realtors use to make their offers? If someone can send them to me at [email protected] that will be much appreciated.

Post: Paying bills - proper approach

Vlad KuzinPosted
  • Flipper
  • Seattle, WA
  • Posts 85
  • Votes 6
Originally posted by Ned Carey:
As already stated usually the bills are paid by the seller. Most contracts say that you get free and clear title so the bills come out of the price you offer and the bills are the seller s responsibility (actually usually paid by the title company at settlement)
However depending on the situation especially if the seller is very motivated and doesn't even know what he or she owes I will give them a net offer. "Mr seller you get 20K net" and I pay all the bills. This is subject to me negotiating the bills to something that works for me. - Ned

@Ned Carey this question came up because owner is really motivated and just wants out of the property, but still has loan balance on it. Seller will be happy even if $1000 will be left for them. But I was trying to figure out how to do it properly. Either I offer what is on the loan balance, just to pay their loan off, and then cover their bills and just give owner 1k check, or I calculate purhcase price where it will be enought to pay bills, pay taxes owed, pay excise tax, title fees and will have 1k left to owner.

Post: Making Offer - Who Signs first

Vlad KuzinPosted
  • Flipper
  • Seattle, WA
  • Posts 85
  • Votes 6
Originally posted by Chris Adams:
Is this a wholesale deal?
If not than do not sign anything and then hand it off to someone for review.

Im not a lawyer

@Chris Adams I am the buyer, so I am the one who put offer together, therefore I dont need to have anyone else to review it, beside seller and their legal counselor.

Post: How many LLC members need to sign contract

Vlad KuzinPosted
  • Flipper
  • Seattle, WA
  • Posts 85
  • Votes 6

I wounder if LLC has 2 members both at 50%, does both members have to sign P &S agreement?

Or its something that should be defined in LLC operations agreement, where members can decide if they need both signatures or just one of managing member?

Post: Making Offer - Who Signs first

Vlad KuzinPosted
  • Flipper
  • Seattle, WA
  • Posts 85
  • Votes 6

Sorry guys for such stupid questions, but its my first time making offer without realtor being involved. When I've created agreement/offer do I sign it before giving it to seller, or I have seller review and sign it first and then I sign it? Or I sit down with seller and both sign it at the same time?

Post: Paying bills - proper approach

Vlad KuzinPosted
  • Flipper
  • Seattle, WA
  • Posts 85
  • Votes 6

I am currently have a property which has decent amount outstanding for water and taxes. I wounder what my approach for paying these off should be:

Lets say I am offering $100,000 for the property and there is $6,000 of bills. Should I offer $100,000 and pay $6000 out of my pocket. Or should I offer $106,000 to seller and have them pay the bills?

Post: Changing Contract / Agreement

Vlad KuzinPosted
  • Flipper
  • Seattle, WA
  • Posts 85
  • Votes 6

I have contract which I've been using for deals. Its based on MLS form but a little more buyer friendly. My contract lists how seller should pay closing costs and utilities, etc... In the deal that I am currently working on, I will be the one who will be paying off taxes, water bill and closing closes for both buyer and seller. I wounder if I need to adjust my agreement for that or if I should keep it as is and take care of the closing costs on verbal agreement?

Post: Print or write return address

Vlad KuzinPosted
  • Flipper
  • Seattle, WA
  • Posts 85
  • Votes 6

@Gary Parker do you have your return address pre-printed or you hand write it?

Post: Print or write return address

Vlad KuzinPosted
  • Flipper
  • Seattle, WA
  • Posts 85
  • Votes 6

I am thinking to hand write recipient addresses on my next direct mail campain, to see if I get better response. What do you guys think about keeping return address printed on the envelope? Or its best to handwrite both?

Post: HUD Balance & Offer

Vlad KuzinPosted
  • Flipper
  • Seattle, WA
  • Posts 85
  • Votes 6
Originally posted by Vlad Kuzin:
Today I've find out that it is actually reverse mortgage for the senior. As far as lender customer did mentioned HUD, but I doubt it. I'll get the actual pay off statement from they today and will check.
Is that easier to do short sale on reverse mortgage?

@Mark Ferguson

@Mike H.