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TitleClosing/Reno

Escrows updated Jun 3
Hands-off · Title in progress — watching for closing

Addendum Thread

  1. Jun 3contracts
    Inspection receivedClosing - 8026 NE 50th St, Kansas City, MO 64119▸ expand

    Hello, we are now through our inspection period and ready to move forward

    Hello, we are now through our inspection period and ready to move forward to closing. Please see the attached Inspection Addendum and Hola Invoice with the new terms. *New terms:* *Reserve:* 25% *Credit in lieu of repairs: *$19,000 Can you review the file and let us know where we are at and what else you need? @Lem Coleman <lem.coleman@exprealty.com> Please have agent and broker sign the compensation addendum, if you have the fully signed version please send over and please have seller sign the Hola Bid attached as well Thanks *Joseph MolinarDirector of Transaction Operations**Contracts Team - *Trade In Holdings, LLC a: 1760 E Pecos Rd #501 Gilbert AZ 85295 p: (480) 602-2919
  2. Jun 3lem.coleman
    ReplyRe: Closing - 8026 NE 50th St, Kansas City, MO 64119▸ expand

    Can Joseph or Bradley call me at their convenience?

    Can Joseph or Bradley call me at their convenience? Thanks,
  3. Jun 4lem.coleman
    ReplyRe: Closing - 8026 NE 50th St, Kansas City, MO 64119▸ expand

    Hello All,

    Hello All, I currently have the remodel bid out for the seller’s signature. Additionally, upon reviewing the file, I noticed there is a small commission charge being assessed to the seller. Please advise how you would like to proceed regarding that adjustment. Thanks,
  4. Jun 4contracts
    Addendum signedRe: Closing - 8026 NE 50th St, Kansas City, MO 64119▸ expand

    Hello Lem,

    Hello Lem, Not sure if I understand what you are referring to, but please advise and we will be happy to help clear things up for you. Thank you *Rachel Hill* *Contracts Team*Trade In Holdings, LLC a: 1760 E Pecos Rd #501 Gilbert AZ 85295 p: (480) 602-2919 Contracts Main Number
  5. Jun 4lem.coleman
    ReplyRe: Closing - 8026 NE 50th St, Kansas City, MO 64119▸ expand

    The document stating 0% commission on the original purchase is invalid

    The document stating 0% commission on the original purchase is invalid because a small flat fee for the seller to compensate the brokerage. Thanks,
  6. Jun 4contracts
    Addendum signedRe: Closing - 8026 NE 50th St, Kansas City, MO 64119▸ expand

    Hi Lem,

    Hi Lem, Please send over what flat fee you are mentioning and who is charging it as for the 0% commission it is still valid and current as of now. Thank you *Joseph MolinarDirector of Transaction Operations**Contracts Team - *Trade In Holdings, LLC a: 1760 E Pecos Rd #501 Gilbert AZ 85295 p: (480) 602-2919
  7. Jun 4lem.coleman
    ReplyRe: Closing - 8026 NE 50th St, Kansas City, MO 64119▸ expand

    Are you wanting the document?

    Are you wanting the document? Book an appointment with Lem calendly.com/lemcoleman Lem Coleman Licensed REALTOR® lem.coleman@exprealty.com <lemuel.coleman@exprealty.com> 816.651.5711 soldwithlem.com instacard.co/Lemuel-Coleman instagram.com/lemcolemanrealtor/ facebook.com/LemColemanRealtor linkedin.com/in/lem-coleman-realtor/ zillow.com/profile/lemcoleman realtor.com/realestateagents/587328119ae7c20011cb67fe lemuelcoleman.exprealty.com *IMPORTANT NOTICE:* Never trust wiring instructions sent via email. Always independently confirm wiring instructions in person or via a telephone call to a trusted and verified phone number. Never wire money without double-checking that the wiring instructions are correct. *CONFIDENTIALITY NOTICE:* This e-mail message, including any attachments, is for the sole use of the intended recipient(s) and may contain confidential and privileged information protected by law. Any unauthorized review, use, disclosure or distribution is prohibited. If you are not the intended recipient, please contact the sender by reply e-mail and destroy all copies of the original message.
  8. Jun 4contracts
    Addendum signedRe: Closing - 8026 NE 50th St, Kansas City, MO 64119▸ expand

    Hi Lem,

    Hi Lem, Yes please so we can see what is being referenced Thank you *Joseph MolinarDirector of Transaction Operations**Contracts Team - *Trade In Holdings, LLC a: 1760 E Pecos Rd #501 Gilbert AZ 85295 p: (480) 602-2919
  9. Jun 4lem.coleman
    ReplyRe: Closing - 8026 NE 50th St, Kansas City, MO 64119▸ expand

    Please see the attachment.

    Please see the attachment.
  10. Jun 4contracts
    Addendum signedRe: Closing - 8026 NE 50th St, Kansas City, MO 64119▸ expand

    Hi Lem,

    Hi Lem, Thank you for sending this over, this is completely separate from the agent compensation that the buyer would be covering. Currently that is still zero, this is something between the seller and your brokerage, you would have to speak to them to get that removed and show $0 but feel free to send EXP the addendum below which the broker has to still sign and agent. EXP has sent $0 CDAs for other agents before Thank you *Joseph MolinarDirector of Transaction Operations**Contracts Team - *Trade In Holdings, LLC a: 1760 E Pecos Rd #501 Gilbert AZ 85295 p: (480) 602-2919
  11. Jun 4lem.coleman
    ReplyRe: Closing - 8026 NE 50th St, Kansas City, MO 64119▸ expand

    Just for clarification, has the compensation throughout this transaction

    Just for clarification, has the compensation throughout this transaction been structured as buyer-broker compensation? If so, is the seller aware of and in agreement with the compensation paid to the broker? Thanks,
  12. Jun 4contracts
    Addendum signedRe: Closing - 8026 NE 50th St, Kansas City, MO 64119▸ expand

    Hi Lem,

    Hi Lem, it is structured that the buyer will pay the real estate agent in this case you, a compensation however we got that agreement I sent over in place to pay. the compensation on the resale instead of on this first transaction. Whatever agent brings us the deal will get the compensation from us which is usually the sellers agent since we are majority of the time unrepresented. *Rachel Hill* *Contracts Team*Trade In Holdings, LLC a: 1760 E Pecos Rd #501 Gilbert AZ 85295 p: (480) 602-2919 Contracts Main Number
  13. Jun 4lem.coleman
    ReplyRe: Closing - 8026 NE 50th St, Kansas City, MO 64119▸ expand

    Thanks. I just want to make sure I understand correctly. Rather than paying

    Thanks. I just want to make sure I understand correctly. Rather than paying 2% upfront and an additional 2% on the second transaction, your obligation would be 0% upfront, while the seller would still have the option to compensate the listing brokerage, and a full 4% would be due on the subsequent resale transaction. Is that correct?
  14. Jun 4contracts
    Addendum signedRe: Closing - 8026 NE 50th St, Kansas City, MO 64119▸ expand

    Yes, that is correct, the seller can choose to still compensate the agent

    Yes, that is correct, the seller can choose to still compensate the agent directly and the buyers 4% to the agent will now be on the resale as you stated. *Rachel Hill* *Contracts Team*Trade In Holdings, LLC a: 1760 E Pecos Rd #501 Gilbert AZ 85295 p: (480) 602-2919 Contracts Main Number
  15. Jun 5lem.coleman
    ReplyRe: Closing - 8026 NE 50th St, Kansas City, MO 64119▸ expand

    Good morning. Both documents have been shared with you digitally. Please

    Good morning. Both documents have been shared with you digitally. Please let me know if you have received them or if you need anything else. Thanks,
  16. Jun 5contracts
    Addendum signedRe: Closing - 8026 NE 50th St, Kansas City, MO 64119▸ expand

    Good morning,

    Good morning, Yes, I received them. Thank you *Rachel Hill* *Contracts Team*Trade In Holdings, LLC a: 1760 E Pecos Rd #501 Gilbert AZ 85295 p: (480) 602-2919 Contracts Main Number
  17. Jun 8lem.coleman
    ReplyRe: Closing - 8026 NE 50th St, Kansas City, MO 64119▸ expand

    Hello Contracts,

    Hello Contracts, I just resent a document over for Jason to initial. It appears a box was not checked on the original version, can we please have that addressed at your earliest convenience. [image: image.png]
  18. Jun 8contracts
    Addendum signedRe: Closing - 8026 NE 50th St, Kansas City, MO 64119▸ expand

    Hello,

    Hello, It has been completed, thank you *Joseph MolinarDirector of Transaction Operations**Contracts Team - *Trade In Holdings, LLC a: 1760 E Pecos Rd #501 Gilbert AZ 85295 p: (480) 602-2919

Offer Scenarios

Signed — locked
Proposed Terms
With CLR
ARV $199,000
Purchase
$199,000
− Program fee 7.5%
$14,925
− Resale fee 1.5%
$2,985
− Title 1%
$1,990
− CLR
$19,000
− Reserve 25%
$49,750
1st payout
$110,350
2nd payout @ ARV
$49,750
Total to seller
$160,100

Bid drafts

Open Remodel Bid ↗+ New draft for this property →

Drive

Open Comps Sheet ↗

Inspection Activity

  1. May 22hello
    Inspection receivedInspection Report Ready for Viewing - 8026 NE 50th St▸ expand

    Hi Joseph,

    Hi Joseph, We have received your Home Inspection report. It is uploaded to your portal here: url786.inspectify.com/ls/click?… If you have any questions about the report, please do not hesitate to reach out via email. Thank you again for using Inspectify. We would love to hear feedback on your experience on how we can continue to improve our offering --- please go here to take a quick survey ( url786.inspectify.com/ls/click?… Molinar&id=402628&inspectorname=Cassini Inspections ). All the best, The Inspectify Team Follow Us --------- ( url786.inspectify.com/ls/click?… ) ( url786.inspectify.com/ls/click?… ) ( url786.inspectify.com/ls/click?… ) Powered By Powered By Contact us ---------- 9450 SW Gemini Dr, Suite 34868, Beaverton, Oregon 97008-7105 USA hello@inspectify.com
  2. May 22contracts
    ReplyFwd: Inspection Report Ready for Viewing - 8026 NE 50th St▸ expand

    Here are the details for the property 8026 NE 50th St, Kansas City, MO 64119

    Here are the details for the property 8026 NE 50th St, Kansas City, MO 64119 . *Purchase:* $199,000 *Program Fee: *7.5% *Resale Fee:* 1.5% *Reserve:* 20% *Credit:$12,000* *End of Inspect Period:* 06/05/2026 *Closing Date:* 06/12/2026 *CMA Sheet: docs.google.com/spreadsheets/d/…* *HOA: No* Attached below is the Cash+ Agreement and Questionnaire. *Rachel Hill* *Contracts Team*Trade In Holdings, LLC a: 1760 E Pecos Rd #501 Gilbert AZ 85295 p: (480) 602-2919 Contracts Main Number
  3. May 27bradley
    ReplyRe: Inspection Report Ready for Viewing - 8026 NE 50th St▸ expand

    Hey Team,

    Hey Team, I called the agent for this property and he agreed that the $12,000 credit should be put towards a new HVAC, Water heater, leak repair and outside siding repairs. With a high mortgage remaining, all compensation has been moved to the resale to try and achieve a positive first payout. Getting a higher CLR to look at retouching the basement will be tight. Thanks, Bradley
  4. May 27bradley
    ReplyRe: Inspection Report Ready for Viewing - 8026 NE 50th St▸ expand

    Hey Team,

    Hey Team, Also, this offer appears to be for a 25% reserve rather than 20%. Thanks, Bradley
  5. May 28bradley
    Remodel bid sentRe: Inspection Report Ready for Viewing - 8026 NE 50th St▸ expand

    Hi Team,

    Hi Team, Here's what we came up with for 8026 NE 50th St, Kansas City, MO 64119. Remodel Bid docs.google.com/spreadsheets/d/… *CURRENTLY ACTIVE HOMES: 68SOLD IN THE LAST MONTH: 40PENDING HOMES: 701.7 months of inventory on the market* *Reserve:* As Is - $199,000 Purchase Price, 30% Reserve ($49,750), $149,250 Basis, $12,000 Credit - See Bid Repaired - Would not propose a larger renovation bid, the seller does not have enough equity with a large mortgage. *Sold:* 8017 NE 50th St redfin.com/MO/Kansas-City/8017-NE-50th-St-64119/home/… Sold @165,000, 3 bed / 1 bath - complete fixer upper, only work done was to siding, hvac, and plumbing. interior is much worse off than our prop. Good comp for basis 4820 N Manchester Ave redfin.com/MO/Kansas-City/4820-N-Manchester-Ave-64119/home/… Sold @199,000, 3 bed / 1 bath - remodeled interior, fully concrete basement but not finished for living like our prop, fresh paint and flooring 8110 NE 48th Ter redfin.com/MO/Kansas-City/8110-NE-48th-Ter-64119/home/… Sold @195,000, 3 bed / 1 bath - closer to our prop in sq foot with our extra basement rooms included, new floors and paint, updated bathroom, granite countertops *Active:* 5151 N Winchester Ave redfin.com/MO/Kansas-City/5151-N-Winchester-Ave-64119/home/… Active @199,999, 3 bed / 1 bath - new flooring and paint, updated kitchen and bath, large lot with small concrete patio *Pending:* 4831 N Manchester Ave redfin.com/MO/Kansas-City/4831-N-Manchester-Ave-64119/home/… Contingent @180,000, 3 bed / 1 bath - renovated bathroom, new hvac and water heater, everything else looks untouched 5342 N Palmer Ave redfin.com/MO/Kansas-City/5342-N-Palmer-Ave-64119/home/… Contingent @223,000, 3 bed / 1 bath - new paint and flooring, old bathrooms, fully finished, small deck 4928 N Topping Ave redfin.com/MO/Kansas-City/4928-N-Topping-Ave-64119/home/… Contingent @209,900, 3 bed / 1.5 bath - everything on 1 floor, basement has utilities room, new floor and paint, kitchen and bath refresh, large lot, closer to the highway *Things to Note:* - *Prop has finished part of the basement to add 2 rooms and 1 half bath, and the finished sections are in partial disrepair. We elected not to touch the basement because the deal is tight on FPO and it would require a larger scope of work.* - *Comps in the area support smaller remodels, with 1 sold at $165k in major disrepair with only an HVAC replacement and plumbing work.* - *Our property has a large covered back deck that other comps do not have, which is in good condition with slight paint issues.* - *Our property is listed as a 2 bed / 1 bath, but an additional 2 rooms and half bath were added in the basement. Inspector labelled it a 3/1.5 due to the other room not having proper egress.* Let us know what you think. Thanks! Bradley
  6. May 28jason
    ReplyRe: Inspection Report Ready for Viewing - 8026 NE 50th St▸ expand

    Why is this a 1.5% resale fee? Also the contract says a 25% reserve and

    Why is this a 1.5% resale fee? Also the contract says a 25% reserve and this email says its 20%. Which one is it? [image: Logo] zoodealio.com Jason Laos | Chief Revenue Officer a: Zoodealio | 1760 E Pecos Rd Ste 501 | Gilbert, AZ 85295 e: jason@zoodealio.com | w: zoodealio.com zoodealio.com m: 602-770-8003 | p: 480-733-8500
  7. May 28bradley
    ReplyRe: Inspection Report Ready for Viewing - 8026 NE 50th St▸ expand

    Resale fee is 1.5% as agent has already signed to move his compensation to

    Resale fee is 1.5% as agent has already signed to move his compensation to the resale due to the low equity from the mortgage. We are under contract for 25% Reserve and the original email from Rachel noting 20% was incorrect. My offer line noted 30%, which was a typo that was not fixed after I spoke with Colton and Ethan about their thoughts on the property. My offer is to abide by the original terms, and remain: As Is - $199,000 Purchase Price, 25% Reserve ($49,750), $149,250 Basis, $12,000 Credit Thanks, Bradley
  8. May 28jason
    ReplyRe: Inspection Report Ready for Viewing - 8026 NE 50th St▸ expand

    Thanks Bradley, I see the addendum. Here are the correct terms for the

    Thanks Bradley, I see the addendum. Here are the correct terms for the property 8026 NE 50th St, Kansas City, MO 64119. *Purchase:* $199,000 *Program Fee: *7.5% *Resale Fee:* 1.5% - 4% paid out of sellers reserve if reserve is not depleted. *Reserve:* 25% *Credit:$12,000* *End of Inspect Period:* 06/05/2026 *Closing Date:* 06/12/2026 *CMA Sheet: docs.google.com/spreadsheets/d/…* *HOA: No* Attached below is the Cash+ Agreement and Questionnaire. Thanks, [image: Logo] zoodealio.com Jason Laos | Chief Revenue Officer a: Zoodealio | 1760 E Pecos Rd Ste 501 | Gilbert, AZ 85295 e: jason@zoodealio.com | w: zoodealio.com zoodealio.com m: 602-770-8003 | p: 480-733-8500
  9. Jun 1jason
    ReplyRe: Inspection Report Ready for Viewing - 8026 NE 50th St▸ expand

    Bradley,

    Bradley, Please send me the editable bid. We can't do siding repairs without painting the repairs. Also I'm not sure the new AC unit will be less than $7500 and I'm thinking whatever they have to install they would need to replace the heating unit as well. I also see your AS IS is a 30% but the calculations are off. A 30% reserve would be $59,700. [image: Logo] zoodealio.com Jason Laos | Chief Revenue Officer a: Zoodealio | 1760 E Pecos Rd Ste 501 | Gilbert, AZ 85295 e: jason@zoodealio.com | w: zoodealio.com zoodealio.com m: 602-770-8003 | p: 480-733-8500
  10. Jun 1bradley
    ReplyRe: Inspection Report Ready for Viewing - 8026 NE 50th St▸ expand

    Jason,

    Jason, Here is the Bid Link docs.google.com/spreadsheets/d/…. My email was meant to contain a 25% Reserve to match our current offer rather than 30%. With $107k in Mortgage I believe we have around $10,000 in the seller's first payout with the current offer, so I had tried to make the bid as conservative as possible within margin. Thanks, Bradley
  11. Jun 1jason
    ReplyRe: Inspection Report Ready for Viewing - 8026 NE 50th St▸ expand

    Hi Team,

    Hi Team, I really don't think this deal is going to work for us. The already tight numbers don't have me super excited to risk Here's what I'm willing to do. AS IS - $189,000 with a 31% reserve. Repairs - $199,000 with a 25% reserve and $19,000 repair credit to repair plumbing leaks, install new AC unit, install New Water Heater, repair kitchen flooring, and paint the interior at first level. [image: Logo] zoodealio.com Jason Laos | Chief Revenue Officer a: Zoodealio | 1760 E Pecos Rd Ste 501 | Gilbert, AZ 85295 e: jason@zoodealio.com | w: zoodealio.com zoodealio.com m: 602-770-8003 | p: 480-733-8500
  12. Jun 2bradley
    ReplyRe: Inspection Report Ready for Viewing - 8026 NE 50th St▸ expand

    Hey Jason,

    Hey Jason, After a quick call with the agent this morning, he mentioned that the seller plans to replace the leaking upstairs toilet because it is under warranty, and he was wondering if we could remove this item from our bid. Thanks, Bradley
  13. Jun 2jason
    ReplyRe: Inspection Report Ready for Viewing - 8026 NE 50th St▸ expand

    Bradley,

    Bradley, It is not the toilet itself that is leaking. The issue is a leaking drain pipe in the basement that is allowing sewage to escape. If the seller is able to provide documentation showing that the issue has been properly repaired, we can remove this item from the bid. To do so, we will need: - An invoice or receipt from a licensed contractor confirming the repair was completed. - A copy of the inspection report provided to the contractor so they are aware of the specific issue that was identified. - A video of the repaired section of the pipe that was previously leaking to verify that the repair has been completed and the leak has been resolved. Once we receive and review that documentation, we can reevaluate and potentially remove this item from the repair estimate. [image: Logo] zoodealio.com Jason Laos | Chief Revenue Officer a: Zoodealio | 1760 E Pecos Rd Ste 501 | Gilbert, AZ 85295 e: jason@zoodealio.com | w: zoodealio.com zoodealio.com m: 602-770-8003 | p: 480-733-8500
  14. Jun 2bradley
    ReplyRe: Inspection Report Ready for Viewing - 8026 NE 50th St▸ expand

    Jason,

    Jason, Gave the agent another call and he is reaching back out to the seller to check the warranty coverage, and reiterated to him that our line item only covers fixing the leak, not replacing the toilet. If the warranty covers the piping and handles the leak, I will request proper documentation for the fix be provided for our records. Thanks, Bradley
  15. Jun 2contracts
    ReplyRe: Inspection Report Ready for Viewing - 8026 NE 50th St▸ expand

    The agent emailed and stated the below,

    The agent emailed and stated the below, "Thanks, Bradley. I wanted to follow up on our previous conversation. Per the seller, the home warranty company will cover the toilet replacement however, the current estimated timeline for completion is approximately two weeks, so I wanted to give you a heads-up and keep you informed." *Joseph MolinarDirector of Transaction Operations**Contracts Team - *Trade In Holdings, LLC a: 1760 E Pecos Rd #501 Gilbert AZ 85295 p: (480) 602-2919
  16. Jun 3bradley
    ReplyRe: Inspection Report Ready for Viewing - 8026 NE 50th St▸ expand

    Hey Team,

    Hey Team, Got the signed addendum back for this property this morning. After a quick call with the agent, the seller elected not to worry about the toilet replacement and let our line item cover the leak. Thanks, Bradley
  17. Jun 3jason
    ReplyRe: Inspection Report Ready for Viewing - 8026 NE 50th St▸ expand

    Ok sounds good. Let's go to COE ASAP.

    Ok sounds good. Let's go to COE ASAP. Thanks [image: Logo] zoodealio.com Jason Laos | Chief Revenue Officer a: Zoodealio | 1760 E Pecos Rd Ste 501 | Gilbert, AZ 85295 e: jason@zoodealio.com | w: zoodealio.com zoodealio.com m: 602-770-8003 | p: 480-733-8500

Notes

  • Escrows sync: addendum-sent → title (sheet: Need Funding).