{"id":11607,"date":"2010-03-22T07:55:50","date_gmt":"2010-03-22T14:55:50","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=11607"},"modified":"2010-03-22T07:55:50","modified_gmt":"2010-03-22T14:55:50","slug":"dont-believe-everything-you-hear-on-the-radio","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/11607\/dont-believe-everything-you-hear-on-the-radio\/","title":{"rendered":"Don’t Believe Everything You Hear On The Radio"},"content":{"rendered":"

Even Those Financial Gurus You Know And Trust Can Be Wrong<\/strong><\/p>\n

This weekend, I caught part of a nationally syndicated financial talk show on the radio. While I appreciate and agree with much of what the host usually has to say – this was one of those times that I found myself yelling at the radio.<\/p>\n

A home buyer called into the program with an issue where she felt that she was going to lose her earnest money because her 21-day financing contingency had expired – and she was unable to get a mortgage.<\/p>\n

The host thought the 21-day financing contingency was too short… and told the caller that she should have had an attorney negotiate the terms of the contract – and at this point in time, she should renegotiate the terms of the financing contingency.<\/p>\n

Well I’ve got some news for you, sunshine.<\/em><\/p>\n

Unless your attorney is offering to pay top dollar for one of my listings – you won’t see a financing contingency from my clients that exceeds 21 days… and it will be highly unlikely that you will see my clients sign away their liquidated damages by extending that contingency.<\/p>\n

Years ago, it was common to see financing contingencies that continued right up until the closing date… but that was then – and this is now. Back then, if the buyer could fog a mirror – they could get bought. Not so these days.<\/p>\n

As a consultant to my home selling clients, I find it my duty to protect their interests to the best of my ability… and that includes negotiating the financing contingency in such a way as to provide liquidated damages of having a property removed from the market by a buyer who can not complete the transaction.<\/p>\n

Just because you hire an attorney to negotiate on your behalf doesn’t mean that the other team is going to lay down and let you run them over.<\/p>\n","protected":false},"excerpt":{"rendered":"

Even Those Financial Gurus You Know And Trust Can Be Wrong This weekend, I caught part of a nationally syndicated financial talk show on the radio. While I appreciate and agree with much of what the host usually has to say – this was one of those times that I found myself yelling at the […]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-11607","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":358,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/358\/radio-daze-phoenix-area-real-estate-webloggers-make-a-five-theater-assault-on-the-market\/","url_meta":{"origin":11607,"position":0},"title":"Radio daze: Phoenix-area real estate webloggers make a five theater assault on the market . . .","author":"Greg Swann","date":"September 20, 2006","format":false,"excerpt":"Three Phoenix-area webloggers, Jay Thompson, The Phoenix Real Estate Guy, John Wake of Arizona Real Estate Notebook, and Greg Swann of BloodhoundBlog, helped turn a radio show into a five-media event: The radio broadcast itself, listener call-in questions, live weblogging with listener call-in and write-in questions, an on-line podcast and\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11762,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/11762\/fha-va-tip-the-amendatory-clause\/","url_meta":{"origin":11607,"position":1},"title":"FHA\/ VA Tip: The Amendatory Clause","author":"Brian Brady","date":"April 13, 2010","format":false,"excerpt":"Here's a tip for real estate agents, when presenting an offer with FHA\u00a0 or VA financing; include the FHA\/VA Amendatory Clause to the Purchase Contract as part of the offer.\u00a0\u00a0 You'll save you, the seller's agent, the escrow company, the lender, and most importantly your buyer, a lot of last\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":730,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/730\/ask-the-broker\/","url_meta":{"origin":11607,"position":2},"title":"Ask The Broker: What if my lender won’t underwrite a land lease?","author":"Jeff Brown","date":"December 4, 2006","format":false,"excerpt":"I am a buyer in a real estate transaction for a condo in California. I have been in escrow for the past 45 days but have been unable to obtain a loan due to the fact that the condo is on leased land which is due to expire in close\u2026","rel":"","context":"In "Ask the Broker"","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3288,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3288\/you-probably-wont-sell-your-home-for-an-above-market-price-but-even-if-you-do-the-home-still-has-to-appraise-for-that-price\/","url_meta":{"origin":11607,"position":3},"title":"You probably won’t sell your home for an above-market price, but even if you do, the home still has to appraise for that price","author":"Greg Swann","date":"June 28, 2008","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link). \u00a0You probably won't sell your home for an above-market price, but even if you do, the home still has to appraise for that price So your house is finally under contract. Congratulations. It took longer than you\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17763,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/17763\/real-estate-agents-may-work-against-buyers-interests-with-shortened-contract-contingencies\/","url_meta":{"origin":11607,"position":4},"title":"Real Estate Agents May Work Against Buyers’ Interests With Shortened Contract Contingencies","author":"Brian Brady","date":"January 22, 2021","format":false,"excerpt":"If you are reading this, you are probably a real estate agent or broker.\u00a0 Most of the people who read Bloodhound Blog are industry folks rather than consumers.\u00a0 Consumers DO read Bloodhound Blog but, all in all, our audience is mostly comprised of the industry grunts who show or list\u2026","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5342,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5342\/nymag-nyc-real-estate-developer-offers-obama-contingency\/","url_meta":{"origin":11607,"position":5},"title":"NYMag: “NYC Real-Estate Developer Offers ‘Obama Contingency'”","author":"Greg Swann","date":"October 30, 2008","format":false,"excerpt":"New York Magazine:Holy election tie-in: Erik Ekstein, who's developing +aRT, an 88-unit Chelsea condo that just began sales last week, says he's including an \"Obama Contingency Clause\" in all contracts that go into effect between now and Election Day. If Obama wins, the contract goes through, but if John McCain\u2026","rel":"","context":"In "Casual Friday"","block_context":{"text":"Casual Friday","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/casual-friday\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/11607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=11607"}],"version-history":[{"count":10,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/11607\/revisions"}],"predecessor-version":[{"id":11617,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/11607\/revisions\/11617"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=11607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=11607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=11607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}