User60719_5_t Ricki Eichler,GRI, your Texas Hill Country connection
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Guess I chose the wrong business.  When I write a contract for a single family home, I use an 8 page contract, a financing condition addendum, sometimes an intermediary relationship notice, sometimes a lead based paint addendum, or on site sewer facility addendum, or a multitude of other forms that might apply to the home.  When I am finished a contract agreement can easily be 20 to 30 pages long.  Even for a home priced under a $100,000 the forms are all the same.  It takes a lot of paper to cover all the aspects of buying a home and make sure all potential hazards have been addressed.

After this is done, we look at inspection reports, well reports, title commitments, and then the several inch file of closing papers are unbelievable.  You must declare you are a citizen, married or unmarried, sign a form that goes to the IRS and all the paper to the lender and the deed and on and on it goes.  Does anyone have an idea how many pages of paper are used in the  average purchase of a single family home with a 30 year note?  It is considerable as you can see.

So my question and dilemma is:  Why does it only take 3 pages to write an agreement to take $700 BILLION DOLLARS from the taxpayers!!!!!    Guess I should have gone into politics or went to work on Wall Street!

 
Post is included in group: All Thing's Texas
Post is included in group: Almost Anything Goes
Post is included in group: Lone Star Real Estate Professionals
Post is included in group: Politics And Real Estate
Post is included in group: Texas Real Estate

4 Comments on When choosing an occupation, consider the paper

Ricki -- You would have made much more money in either of those two "jobs" than we do in real estate. :-)

09/22/2008 10:32 PM by Shirley Parks San Antonio Real Estate & Luxury Homes (RE/MAX Realty Advantage, San Antonio, TX)


Hi Shirley,  I'm sure you are right but then our ethics gets in the way :)

09/22/2008 10:37 PM by Ricki Eichler,GRI, your Texas Hill Country connection (Hill Country Estate Properties)


Hi Ricki... it would appear that Wall Street and the Federal Gov't are much further along at being "e" friendly in their transactions than we in the Texas real estate industry!  We've got some catching up to do, especially if you choose to measure on a paper per dollar basis! :)

09/22/2008 10:41 PM by Steve Shatsky - Dallas Real Estate & Short Sale Specialist (Keller Williams-Dallas City Center)


Hey Steve,   that's one way to look at it :)  But then when did the government ever do anything that was faster, smarter or more efficient?

09/22/2008 11:29 PM by Ricki Eichler,GRI, your Texas Hill Country connection (Hill Country Estate Properties)


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Real Estate Agent: Ricki Eichler,GRI, your Texas Hill Country connection (Hill Country Estate Properties)
Ricki Eichler,GRI, your Texas Hill Country connection
Kerrville, TX
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Hill Country Estate Properties

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