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Glenn Freezman

Purchase Loan,


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Should Title, Appraisal and Home Inspection be part of the Sellers Package?


Tim and Rachel, That's very cynical.  There is one Brokerage that is doing this in our area and the marketing is working as an edge for sellers.  For less than $600.00 the seller can advertise their house can be bought, guaranteed.  It's helping on price, negotiations, time frame and keeping an order of calm. 

Should Title, Appraisal and Home Inspection be part of the Sellers Package?

[Promotion and hotlink removed by Zillow moderator] I cannot for the life of me understand why the seller is not responsible to perfect their title prior to entering into a listing contract.  Why should buyers and their Realtors spend time and money even considering a property that can't ultimately be sold? How many 11th hour issues cropped up at the table that could have been avoided with a commitment or a policy that could be bound for successors in title? The buyers could reimburse the seller for the cost of the policy at time of escrow or closing.  Imagine walking into a home with your buyers and on the kitchen table is a Title Policy, or let's really go crazy and say that there is an appraisal and a home inspection there too, is that to easy? Does that remove most of the last minute canceled closings?  Why not just put the horse back in front of the cart.  Stop with the Ready, Fire… Aim and instead let's Ready, Aim and Fire.[Promotion and hotlink removed by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines.]

Should Itemized Deductions be Permitted When Recording The Deed

Why are items like realtor commissions, Title insurance, Mortgage fees, recording and transfer tax fees not deductible as an itemized deduction for what is owed in transfer tax?  Why isn't the buyer permitted to itemize their costs that don't add any intrinsic value to the home.  The fees add a great value of personalty but not monetary value as it pertains to ongoning value of a home.  I think if a person buys a $400,000 dollar home, has 6 % in realtor commissions (average), $3000.00 in Title and another $1500.00 in mortgage fees and points, the true VALUE of their home is $372,500.  When the deed is recorded it is recorded in its full value of $400,000. thus adding another $1060.00 to the transfer tax.  By the way, this tax will then be distributed as income and then Taxed as income.What are your thoughts?