Real Estate Trends & Advice

Attoryneys, A Vital Resource
By Jim Palmer Jr.

While reading a Client Review concerning a closed transaction, I noticed that the client had made positive comments about the Realtor®, but then made an extremely negative comment about the closing attorney. “Please don’t ever use that attorney again!” said the comment. “Love them or hate them depending upon which side you are on” said another client.
In a past poll concerning favorability ratings of different occupations, attorneys fell close to the bottom of the rating scale, somewhere below Realtors® and even below used car-salesmen. So, why do attorneys get that kind of negative press? Because there really are a few unscrupulous attorneys who have tainted public perception of the profession in a negative way and thence the whole profession has suffered.

Regardless of those few bad apples, the real estate attorneys I choose to do business with are well worth the money and honorable in every way.  In the realm of real estate, attorneys provide many valuable services, including the closing of transactions.  Real estate attorneys provide many vital services such as creating documents that deal with easements, shared well and road maintenance agreements and real estate contracts.

They may also be called upon to defend a client in a lawsuit such as adverse possession or other disputes that are transaction or property related. They may be pressed into service to file a lawsuit that helps to right a wrong. Many attorneys are not general practitioners like your old family doctor. Instead, most of them specialize in a certain segment of the law. For example some attorneys specialize in the rental aspect of real estate and only work with landlords to do evictions. They are really good at evictions, but they may not be the one you call upon to defend an adverse possession law suit.
In my career I have called upon many different attorneys to perform a variety of tasks that required a high degree of proficiency in specific tasks. I have found that most great attorneys are very willing to bow out when the task involved is not in their wheel house. They usually know another attorney whom they trust to refer those tasks to.

I’m thankful for those trusted attorneys whom I consider to be part of my “real estate team”!  Don’t be afraid to ask your Realtor® to refer a great attorney if you have a need concerning a real estate question.

Past Articles

Is Your County Looking Out for You?
During a recent residential acreage sale, a well was tested for quality ... MORE...

Buyer Misconceptions
In a recent case, a buyer fired their broker because they misunderstood the buying process and ... MORE...

Buyer Expectations Unrealistic?
After several years of a seller’s market where sellers had most of the... MORE...

Accurate Market Anaylsis
Brokers are often asked by potential sellers to give a valuation of their property, especially early  in the year before the market... MORE...

Good News for USDA Loans
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Homeowners Insurance
Beginning a successful real estate career is quite difficult for most new brokers for a lot of reasons.... MORE...

Homeowners Insurance
One of the burdens that buyers are facing in the coming year is the rising cost of homeownership... MORE...

Top 6 Real Estate Issues
The last two years has seen an unusual lull in the real estate market.  Instead of a typical... MORE...

Artesian Wells
There are some misconceptions concerning water wells that have been perpetuated for years, one of which concerns artesian wells. The fact that property has an... MORE...

Contract Performance
Invariably after real estate transactions are closed there are issues that surface where one of the principles is not happy because the contract... MORE...

Thinking of Buying a Home in the Country?
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Bird's-Eye View
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Will Your Property Sell in the Winter?
Most sellers remove their house or property  from the market in the winter... MORE...

Rules of Engagement?
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Rules of Engagement?
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Truth Telling
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Flush and Forget
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Open Range
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Disclosure Requirements
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When Weather Becomes the Deciding Factor
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CCR's
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Best Practices
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What Stays?
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Quit Claim vs. Warranty Deed
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Why Market to a Bunch of Realtors?
Once in a local radio blitz by a new innovative discount brokerage, they mocked the strategy of  ...MORE...

Does the Seller Benefit from a Well Represented Buyer?
The current environment in the real estate industry can be fraught with many pitfalls and ...MORE...
 

Is Cash Really King?
It is a common practice for loaded investors to wave cash (figuratively) in the face of a seller...MORE...

No Trespassing!
Owning property in this country is one of our basic rights that we should not take for granted...MORE...

Trespassing
Brokers are often asked by property owners to prepare a Comparable Market Analysis (CMA) some of the reasons a property..MORE...

Market Analysis
Brokers are often asked by property owners to prepare a Comparable Market Analysis (CMA) some of the reasons a property..MORE... 

Aerial Photos are a Great Tool
Some time ago one of my agents brought a new listing into my office to get my opinion.  I quickly scrutinized the listing data..MORE... 

Common Sense
In a rerun of the TV classic, Leave It To Beaver, I was tickled by one of the interactions between Wally..MORE... 

Does a Buyer Have Recourse?
With most home purchases the buyer negotiates the opportunity to perform a final walk through..MORE... 

The Endowment Effect
In a real estate transaction the stakes are usually high, whether it’s economic...MORE... 

Times have Changed
A recent class action lawsuit is now settled and ratified by the court ...MORE... 

 

Your Manufactured Home
Manufactured homes have been around for many years now and may get a bad rap...MORE... 

Accurate Market Analysis 
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Price Reductions, on the Rise
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Crops and Property Sales
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Blame the Government?
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Easements, A Property Right
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Low Appraisal?
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Title Hiccups
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What Stays with the House?
Many times after a sale is completed or at the final walk-through by the buyer just prior to ...MORE... 

Big City Broker Syndrome
A seller recently fired a big city broker who had done a great job prepping for an upcoming ...MORE... 

The Power of MLS
For years the Multiple Listing System that is used by real estate brokers across the country ...MORE... 

Another Permit?
The recent sale of a quality manufactured home reminded me that there is a gap in understanding concerning the proper permitting that is required for installing or altering manufactured home was installed ona  city ...MORE... 

 

Seller Costs
As a real estate professional, I have often been asked to provide a Market Analysis for potential selle ...MORE... 

Buyers, Don't Fool Yourself
Recently a buyer traveled from the west side of our state to view several properties hoping to identify one ...MORE... 

Caveat Emptor
In the past, real estate buyers took more risk than in these modern times. Improved business practices now demand full disclosure ...MORE... 

Buyers, are You Prepared to Pay your Own Broker?
Recently the NAR (National Association of Realtors) agreed ...MORE... 

The Bugs are Here
Spring is here and the bugs are out! This is one part of country living that can be difficult! ...MORE... 

Adverse Possession
The other day an inquiry came across my desk concerning a fence encroachment ...MORE... 

Do I Have to Tell?
What if someone died in a home?  Is the real estate broker obligated to disclose this information? ...MORE... 
 

The Best Time to Plant a Tree
This March I attended an annual community Crab Feed in ...MORE... 

Is It Illegal to Record Audio on Ring Cameras?
We live in a world that relies more and more on artificial intelligence which includes having our actions monitored in many settings...MORE... 

More about Wire Fraud
Is wire fraud still a thing in today’s real estate environment?  According to ...MORE... 
 

Buyer Brokerage Services Agreement
Times have changed for buyers in the real estate industry ...MORE... 

Boundry Dispute? Not Yet.
One of the questions for sellers, on the mandated State disclosure statement, asks ...MORE... 

Should You Pass on the Home Inspection?
 In a recent real estate transaction a buyer was convinced by ...MORE... 

Realtor Code of Ethics - Excerpts
It is common for some water wells to experience loss of water quality over time ...MORE... 

Need to Rehab Your Well?
It is common for some water wells to experience loss of water quality over time ...MORE... 

Do You Have to Rent to a Criminal?
Those in the real estate industry who manage rentals are careful to adhere to ...MORE... 

Landlocked 
For the second time in a week I’ve come across the situation where ...MORE... 

 

Broker Compensation Conflicts
For the second time in a month Realtors® have been accused in a law...MORE... 

Over Priced?
One day I received a call from a buyer who was expressing interest in a property that...MORE... 

Contract Enforcement
When something goes awry after the close of a real estate transaction, the first person on the list ...MORE... 

Best Practices
For over 100 years Realtors® have diligently worked to conform to the best business practices of the times. Even the term, Best Practices suggests that such methods are continually evolving and improving ...MORE... 
 

Manufactured Homes
Manufactured homes have been around for many years now and may get a bad rap sometimes. Since ...MORE... 
 

Will Your Property Sell in the Winter?
Most sellers remove their house or property from the market in the win...MORE... 
 

Could Legal Verdict Change Commisions?
A jury recently handed a loss to the National Association of Realtors® in a case where the complaint...MORE... 

Benefit to Buyers
On January 1, 2024, major changes to the Law of Agency will go into effect...MORE... 
 

Agency Law Clarified
Since 1996 the State of Washington passed a new statute that defined and clarified agency law...MORE... 

 

 

 
 

 

Jim Palmer, Jr.
509-953-1666
www.JimPalmerJr.com

See my blogs at:
www.RealEstateMarketPlc.com
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