Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.
Expand
titleQ: Who pays for and schedules the Home Inspection?

A: The Home Inspection fee is included in the $795 admin fee and the QB Team works with you (agent) to schedule it

Expand
titleQ: Who pays for and schedules the additional inspections if they are needed (clear well and septic report, clear wood boring insect or pest certification)

A: These are additional costs that need to be covered by the seller (if the inspections are applicable). They can be scheduled by the seller and then the reports submitted to the QB Team(for their review) or the QB Team can schedule them on the seller’s behalf, with the cost to be covered as an additional fee at closing.

Expand
titleQ: Who covers the cost of good and marketable title?

A: Any additional costs to the seller for good and marketable title will be the responsibility of each party to the transaction as dictated by local, city and state ordinances, per standard and customary closing fees.

Expand
titleQ: What specific functions will the brokerage need to be responsible for with regards to utilities, clean, landscaping, etc, for a property once it becomes inventory?

A:  The brokerage will be responsible for utilities, cleaning, landscaping for the home while it is in inventory through close, as well as coordinating with local vendors to get these services lined up. All approved expenses are reimbursable to the brokerage by Moving Station/QuickBuy.

Expand
titleQ: On any repairs, improvements – I understand Moving Station will pay vendors directly. However, is your expectation that the brokerage provide names of recommended local vendors for said services, or are you coordinate directly to find them?

A:  For all repairs and CapEx, Moving Station will work with your brokerage contact to  identify and send the crews.  In addition QB   will reimburse for the repairs.   we are always interested in good local contractors and will also inquire with you about those resources.   To be noted, with CapEx, we do work with the agent to verify work performed at the property.   We request proof from the vendor via pictures for completion of repairs, but we want another set of eyes to walk the property (to confirm all work on an invoice has been completed).    

Expand
titleQ: Are we to assume Moving Station is taking care of property taxes, HOAs, etc?

A: Yes, Moving Station will manage those items by making sure they are paid at closing by the appropriate parties.

Expand
titleQ: Who is responsible for the transfer tax?

A: The cost of any standard and customary closing fees, to include transfer taxes, will be the responsibility of those as dictated by local real estate laws.

Expand
titleQ: What about any leased equipment…water softeners, security systems, solar panels, etc. Does Moving Station take on those leases and pay directly to vendors?

...

A: Typically, we do not take on any active leases with equipment on a home we purchase, and request the seller cancel those leases before our purchase. If we are absorbing the leases with the acquisition of the property, then we ask that the broker pay these and get reimbursed, similar to the utility reimbursement. 

Expand
titleQ: $795 program fee with Lock—paid off the HUD or paid at time of contract signing?

A: This fee(as a part of any QuickBuy transaction) is collected at closing from seller proceeds, off the closing statement.