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The new PAR Standard Agreement for the Sale of Real Estate (ASR) is set for release in mid-to-late January. Print forms are now available for preorder and the electronic version will be available from the electronic form vendors around January 15.
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The revised form was recently approved by the PA Association of REALTORS®’s Standard Forms Oversight Committee and will require final changes prior to its publication.
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In this economy REALTORS® are facing new experiences when selling homes. One method is the short sale. Mike Barth, PAR’s Standard forms specialist, discusses the new short sale forms and how they differ from traditional sales forms.
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The reality is that the next few months are going to be tough for the national economy, unemployment and the real estate industry. If you attended Dr. Austin Jaffe’s seminar at Monday’s PAR Business Meetings you have probably figured that out.
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The PAR Hotline fielded an interesting call last week regarding disclosures, inspections and the Agreement of Sale. The buyers’ agent received a counteroffer, signed by the sellers, that made one seemingly small change to the offer – the sellers added the words “As Is” in the Special Clauses paragraph of the Agreement of Sale.
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Thursday, May. 17, 2012
