About Experts Sitemap - Group 8 - Page 12 2015-05-26

Buying or Selling a Home: Title company, husbands name, buying a bank owned home
husbands name, buying a bank owned home, honest answer: Dear Hakan; Who chose the title company? Did the closing attorney make this choice? If so, go back to the attorney a file a complaint. If you feel that some of the facts might have been manipulated due to the lady s relationship with the builder then...

Buying or Selling a Home: Title company, husbands name, buying a bank owned home
husbands name, buying a bank owned home, honest answer: Hi Hakan, I apologize profusely for the lateness of this response. The All Experts system just notified me that I have two pending questions unanswered, and I do not have a record of having received either of them, one of which was yours. I see on the...

Buying or Selling a Home: Title company, buying foreclosures in maryland, buying home prince george's county
buying foreclosures in maryland, buying home prince george's county, bank owned property: This is a tough one that I don t know the answer to but I will give you some information that may help you in making your decision as far as moving forward. The reason this is a question that I can t answer is it is outside of my area of expertise and is more...

Buying or Selling a Home: Title company, real estate, close of escrow
real estate, close of escrow, las vegas: Dear Hakan, You really need to consult with a local real estate attorney to answer your question about whether you can be charged. Every state s laws are different and this would definitely be a legal question. However, that being said, I am assuming...

Buying or Selling a Home: Title company, husbands name, buying a bank owned home
husbands name, buying a bank owned home, honest answer: Very good question. I would recommend you contact a real estate attorney ASAP., it you are closing on monday you should have one? As for the survey, who ordered it? (That is who is responsible,in my opinion.) Do you have a real estate agent? They should...

Buying or Selling a Home: Title company, husbands name, buying a bank owned home
husbands name, buying a bank owned home, insurance commission: In my opinion, Hakan, you re looking for a problem where one does not exist. You must realize that title companies are regulated by the state insurance commission. And the title company must insure your interests per the cost of your agreement with them. I...

Buying or Selling a Home: Title company, wife relationship, husbands name
wife relationship, husbands name, buying a bank owned home: Hi Hakan, Since I am outside of this transaction, please take everything I say for what it costs you (nothing). First, r.e. agents are required to disclose a relationship, such as the husband-wife relationship you describe. If the woman works for a reputable...

Buying or Selling a Home: Title company, husbands name, buying a bank owned home
husbands name, buying a bank owned home, honest answer: Hi Hakan, I would feel suspicious as well. You need to call your escrow company in the morning (I m assuming you used one) and ask if you can switch title companies, and what the fee would be. The majority of the title fee is the actual policy, and if...

Buying or Selling a Home: Title company, husbands name, buying a bank owned home
husbands name, buying a bank owned home, honest answer: If you are buying from a bank, they are probably paying for the Title work, so they get to use the title company. But....you can close anywhere you like, if you want an attorney to look over your paperwork, then pick who ever you like. You will have your...

Buying or Selling a Home: Title company, real estate transactions, husbands name
real estate transactions, husbands name, buying a bank owned home: Hey, Hakan. At this point it s probably too late to change title companies, but the title company normally isn t subject to disclosures like real estate agents and sellers are. It s not unusual at all for various people to be related to various other people...

Buying or Selling a Home: Title company, Title Co, Closing with Title Company
Title Co, Closing with Title Company, Title Company: Hello Hakan: You re probably not going to like many of my points here, but this is a forum for answers, and not always for feelings. First off, I don t know what state you are in, but it isn t in Massachusetts, because title companies don t do closings...

Buying or Selling a Home: Valve Leak, fha loan, home warranty
fha loan, home warranty, insurance fraud: Hey, Chris. Unfortunately, you are yet one more example of why one should never waive a home inspection. At this point I have to agree with the contractor. Your home warranty should cover a lot of whatever damage there is and the repairs, but that s...

Buying or Selling a Home: Arizona home purchase, handwriting is on the wall, drainage problem
handwriting is on the wall, drainage problem, breach of contract: Hi Joe, I think the handwriting is on the wall in big red letters for you. Based on what you have written, I would run for the hills, literally. If the current owner did not revealed a serious water leak in 2009, which he himself repaired, and to the...

Buying or Selling a Home: Buyer Representation, MLS, compensation
MLS, compensation, cooperation: Hello Nadia - This is an excellent question that many other real estate licensees will appreciate. Article 3 of the NAR Code of Ethics indicates that REALTORS® shall cooperate with other brokers except when cooperation is not in the client’s best interest....

Buying or Selling a Home: Buying my mother in law's home., original mortgage, getting a mortgage
original mortgage, getting a mortgage, mother in law: It s a legitimate way of doing it, Andrew. By taking over your mother-in-law s mortgage will work in this economy because banks are not anxious to foreclose these days (technically, banks can indeed object and then foreclose when someone else than the original...

Buying or Selling a Home: Buying realestate without using my SSN", attorney bill, scrimp
attorney bill, scrimp, crux: This is really a question for your certified financial advisor, CPA or estate attorney, Bill. Despite the fact that you are talking about real estate, the crux of the question applies to your existing estate. I know you want to make sure this is cone legally,...

Buying or Selling a Home: buying a house, earnest money deposit, renovation loan
earnest money deposit, renovation loan, roofer: Since I have not seen the purchase agreement papers, Lisa, I cannot answer your question intelligently. But it would seem to me you would get a roofer WHO IS approved for that type of loan. You must REALLY like that house to let the seller push you around...

Buying or Selling a Home: Condo Investment, las vegas condos, las vegas real estate
las vegas condos, las vegas real estate, las vegas condos for sale: Hi Carrie, Purchasing real estate is all about location, location, location. You should definitely check with a local real estate agent about the demand for this particular condo development. That being said, an older well maintained condo unit could...

Buying or Selling a Home: Condo Investment, condo conversion, initial answer
Buying or Selling a Home: Condo Investment, condo conversion, initial answer, rowhouse

Buying or Selling a Home: mobile home condemned condition, yr model
Buying or Selling a Home: mobile home condemned condition, yr model

Buying or Selling a Home: Reducing the Price, city move, extended warranty
Buying or Selling a Home: Reducing the Price, city move, extended warranty, couple hundred

Buying or Selling a Home: house, credit score, misunderstanding
credit score, misunderstanding, incomes: You are under a misunderstanding, Henry. Today, in this down market, banks expect you to have at least a 20% down payment even if you have good credit. I strongly suggest you go out and find yourself a good Realtor. That person will ask you questions and then...

Buying or Selling a Home: house, How, Much
How, Much, Borrow: Hello Henry: I have two e-mails in my box from you, so I will answer them both here. First, it s really a mortgage question. A mortgage professional can tell you how much home you can afford. But roughly, it s about 30% of your gross income that can...

Buying or Selling a Home: house, mortgage fraud, reputable lender
mortgage fraud, reputable lender, qualification letter: Hi Henry, I think I just answered another of your questions, but you need to first get pre-qualified by a reputable lender to determine how much house you qualify for. With a pre-qualification letter from a lender, your next step would be to find a house...

Buying or Selling a Home: house, downpayment, mortgage
downpayment, mortgage, income credit: Hello Henry, Thank you for your question. Paying for a home involves various factors. Downpayment, income, credit and value of home. If you have enough cash you can buy the home outright with cash. If you need a mortgage, then you need to get a...

Buying or Selling a Home: house, buying home in maryland, first time maryland home buyer
buying home in maryland, first time maryland home buyer: Basic Home Buying Process Timeline 1. Make up a list of what you would like in a home including type/style of home – single family, townhouse, condo. 2. Think about the areas you might like to live; what type of commute you are looking for, schools,...

Buying or Selling a Home: house, Budgeting, Short Sales
Budgeting, Short Sales, Foreclosures: Hello Henry, This is a huge question. The best I can do is to start you in the right direction. 1. If you re paying cash read this anyway. The first thing to do is to talk to at least 3 loan officers, compare their rates, and find out how much of a loan...

Buying or Selling a Home: house, mortar joints, dirt area
mortar joints, dirt area, water intrusion: Hi Henry, I am not sure exactly what information you are asking for, but I’m going to give you the bare essentials of buying a house. 1. Choose a good lender and get pre-qualified. You need to know how much house you can afford. Even though you may...

Buying or Selling a Home: house, buying a house, mortgage
buying a house, mortgage, email: Hi Henry, Thanks for this question. I tried to answer in your first email. First you need to know how you will pay for it. If you have enough cash to buy it for cash then that is simple. If you need a mortgage, then you need to get bank preapproved....

Buying or Selling a Home: house, home buying, home inspection
home buying, home inspection, home inspector: Hello, Most people save money, a certain percentage of the home s price to pay the down payment. Once they have been approved for a loan, they will know the amount they will need to pay down. The remaining amount is usually financed by a bank or other...

Buying or Selling a Home: house, first time buyers, getting a mortgage
first time buyers, getting a mortgage, oppotunities: Hi Henry, Thanks for this question also. People get money to buy a home by saving, borrowing from family, getting a mortgage from a bank, finding an owner willing to hold the mortgage, from government agencies that help first time buyers. Check your...

Buying or Selling a Home: house, Real Estate Calculator, financing
Real Estate Calculator, financing, how much: Hi Henry. http://www.homefair.com/tools/mortgage-affordability-calculator/index.asp?cc=1 Here is a good calculator to give you an idea of what you need to make. The best advice is to contact a local lender who knows your states laws and have them run a...

Buying or Selling a Home: house, buying, selling
buying, selling, downpayments: Hi Henry, It depends on more than simple income, you need to contact a lender in your area and go over different programs. FHA, VA, Conventional etc... there are different income to debt ratios they all look at including your credit score. If you...

Buying or Selling a Home: house, incomes, debts
incomes, debts, incentives: Thank you for your question, In general you need to have an income in the range of $125,000 to $150.000 and be debt free on other debts. Typical one can borrow 3 times their income. Again things change and banks change their guidelines, this is an estimated...

Buying or Selling a Home: house, down payments, stock options
down payments, stock options, disbursements: Henry - Sources of money for down payments and associated closing costs come from a variety of sources. Here is a brief list of options: 1.) Savings 2.) Stock options 3.) 401K or other retirement disbursements or loans 4.) Gifts from family or friends...

Buying or Selling a Home: house, jessica bryan, first time buyers
jessica bryan, first time buyers, dear henry: Dear Henry; The first thing you need to do is talk to a lender to find out what you are qualified to purchase. The lender will discuss your income, your credit score, and how much of a loan you can get. Once you know that then you can begin to look for...

Buying or Selling a Home: house, paycheck stubs, target sales
paycheck stubs, target sales, internet lenders: I need to understand the question a bit more. Do you mean you make $13,000 per year at your job? If that is the case, probably not. I don t know what home prices are like where you live, but say you are looking at a home for $80,000. You would need to have...

Buying or Selling a Home: house, association of realtors, time agent
association of realtors, time agent, local association: My suggestion, is start with thinking of WHO YOU would consider hiring as YOUR agent to work for you. Interview several, make a decision, work with that agent period.....Make sure they are a REALTOR, insured and a full time agent. If you don t know any, Call...

Buying or Selling a Home: house, buying a home, how to buy a home
buying a home, how to buy a home, how do i get a home: Hi Henry, I would start out by meeting up with a local lender in your area to see how much of a home that you can qualify for. Then you can start to look for a home. I would suggest a real estate agent who has been around for awhile who knows the area. ...

Buying or Selling a Home: house
Hi Henry, Thank you for your question. To buy a house you need to first figure out how to pay for it. Go to your bank and ask to speak to their mortgage broker and get prequalified. That is when the mortgage broker checks your credit, income and...

Buying or Selling a Home: house, payment assistance programs, first time homebuyers
payment assistance programs, first time homebuyers, crunch numbers: Great questions, Henry. It s entirely possible to use social security income to buy a home. If your parents are also purchasers on the home and go on both the title to the home and the loan, their income can be used. Your brother s funds are probably temporary...

Buying or Selling a Home: house
Well if you cannot afford to buy yet; then you need to save everything you can, try to pay off bills and talk to a lender. Very often a good lender can help you discover ways to afford buying that you may not be aware of. There are some interesting first...

Buying or Selling a Home: house, least five years, hey henry
least five years, hey henry, mortgage interest: Hey, Henry. The government makes it worthwhile to own real estate because many of your costs, such as the mortgage interest, some closing fees, etc., are tax deductible, so it rarely makes sense to rent if you can afford to buy. However, with all the various...

Buying or Selling a Home: house, social security income, debt ratios
social security income, debt ratios, score requirements: Henry, you really need to talk to a lender so they can explain the process to you thoroughly. They will sit down with your actual financials and let you kow exactly how much you can borrow which will tell you how much house you can buy. I can t tell you if...

Buying or Selling a Home: house, Home Search, centraltexashomerebates.com
Home Search, centraltexashomerebates.com, mortgage calculator: Hi Henry, It can be a good idea to buy a home if you will be in the same town for a few years. If you are going to move maybe renting will be better. The great thing about a home is you have more write off s on your taxes and other perks you get from owning...

Buying or Selling a Home: house, buying home in ft meade area, selling home ft meade maryland
buying home in ft meade area, selling home ft meade maryland: The dollars sound like they make sense in your situation if you are planning on staying in the home for several years. In addition, the interest you will pay for borrowing the money may be tax deductible. If so, your effective monthly payment may be even...

Buying or Selling a Home: house, long rent, junk fees
long rent, junk fees, origination fee: I would ask you to consider sitting down with a lender or mortgage broker in your area, and have them give you a Truth and lending statement, some what of a receipt of what your cost will be, it can differ by lender, ask about junk fees see if they will...

Buying or Selling a Home: house, long rent, closing costs
long rent, closing costs, fha: Hi Henry, Sounds like you ve got a good idea. You re certainly paying enough to afford a home, but remember you you need to have funds for closing costs and a down payment. You can expect closing costs to be about 3% of the value of the house and on a Conventional...

Buying or Selling a Home: house, Buying a home, home inspection
Buying a home, home inspection, having a home inspected: Hey Henry, There are several ways to buy a home, but first you should find a home that you like. I recommend having 2-3 prospective homes to choose from. To do this you should consider the size, age, price, tax amounts, location and desired features of...

Buying or Selling a Home: house, mortgage banker, stable employment
mortgage banker, stable employment, motley fool: Henry, I don t know where you are located, but in the upstate NY area, you won t find any homes for $40,000. You might find an older manufactured home (house trailer) but then you would still have to find a lot to put it on, or pay lot rent in a park, so,...

Buying or Selling a Home: house, debt ratios, jessica bryan
debt ratios, jessica bryan, dear henry: Dear henry; It depends upon how much your loan amount is for. If you have 20% down ($70,000)then your loan amount is $280,000. At approximately $1500 per month or less depending upon credit rating and the interest rate, you would need to earn about $6000...

Buying or Selling a Home: house, finance, FTC
finance, FTC, homes: Hello Henry - In January 2011 loan originators were required to become licensed and I would be less than professional if I answered this questions with specificity to an income amount. I can let you know that each individual loan (source of funding) requires...

Buying or Selling a Home: house under contract, fiduciary relationship, proper qualifications
fiduciary relationship, proper qualifications, wasting your time: You obviously are not working with a Realtor, Carla, because if you were you would not have sent me this question. A good Realtor would advise you to go to a knowledgeable lender and have that person give you a letter saying that you are qualified for X-amount...

Buying or Selling a Home: Land Not Buildable, income tax return, swamp areas
income tax return, swamp areas, estate donation: Hi Natasha, You first have to find someone who is willing to take the land. There are many non-profit organizations that might be interested. I would start by calling the Maryland County Conservation Commission in the county in which your Mother’s property...

Buying or Selling a Home: Are we liable for agent not doing her job, newport news va, binding contract
newport news va, binding contract, water damage: Dear Michelle; I am answering this in haste since you are being pressured for an answer. Do not close on this house!!! Call the lender and tell them to stop payment on the loan. Explain about water damage and tell them that you are afraid that there could...

Buying or Selling a Home: Mom on SS and wants to sell her home, low income housing, aol
low income housing, aol, social security: No, Martha. As long as she has lived there for two of the last five years (and I am sure she has), she has nothing to worry about. Social Security won t be bothering her. It depends on the state she moves to if you re concerned about her qualifying for low-income...

Buying or Selling a Home: mobile home condemned condition, mobile home park, double wide mobile home
mobile home park, double wide mobile home, state quality: Hello Sandi...wish you would have contacted me sooner, but lets try this approach. First a question: has the park taken a warehouseman s lien? If so, it s over. If you are not on the title...walk away! You have no obligation for the rent. However, the...

Buying or Selling a Home: Options for Undesirable Property
Thanks for your question. Yes the lender will buy back property at the foreclosure steps, too protect their interest. The foreclosure process usually is not too nice. Names in local paper, sheriff delivering papers to the address, notices posted, etc. after...

Buying or Selling a Home: Reducing the Price, property tax assessment, snow storms
property tax assessment, snow storms, buyer clients: You really must trust your Realtor, Tricia. There is no bonus that Realtors get for selling their listing within a specified amount of time that I am aware of. But with many Realtors it is a wise idea to try the market for, say, 60 or 90 days and see what...

Buying or Selling a Home: Selling for Family, disclosure laws, foley
disclosure laws, foley, department of real estate: Dear Nicole: Most states have firm disclosure laws that mandate that all parties are to be aware that that listing or selling agents is related to one of the principals. I know out here in California that is the case. Check with the department of real estate...

Buying or Selling a Home: Trust Sale of House to one of the siblings, real estate questions, real estate brokers
real estate questions, real estate brokers, deceased parents: This is a question for the attorney who created the trust, Patrick. Or you may consult with any good estate attorney. Legal questions are for attorneys too answer. Real estate brokers can answer real estate questions. I do wish you well. Dick Dennis dixiedee13@aol.co...

Buying or Selling a Home: No title on mobile home, cannot sell, lay lake, two acres
lay lake, two acres, aol: After you have asked the seller and the bank in certified letters and you get no response or an unsatisfactory answer, there is only one thing you can do, Debbie, and that is to hire a good real estate attorney to set things right, and that would include (possibly,...

Buying or Selling a Home: How to write a document to give doublewide away., buying, investing
buying, investing, mortgages: Hi Dolores, Depending on how you took title to the doublewide, some of the older titles are actually like an auto title, you would just take care of this at the DMV and gift it to her. If it is in Real title, then you just need to deed it over to her...

Buying or Selling a Home: Where do I stand?, building contractor, home inspector
building contractor, home inspector, home inspection: Go back to the seller and give them the opportunity to resolve the issue. If they choose not to, then you will have to proceed through legal means. Keep all receipts and documentation of the damages, repairs, your efforts to minimize the issues and prevent...

Buying or Selling a Home: Appraisal - Post Mortgage, stocks and bonds, time home buyer
stocks and bonds, time home buyer, buying stocks: Dear Marie: There are many, many people in your situation. Either by buying a hone and not having a crystal ball to tell them that the boom cannot last forever. Or, buying stocks and bonds - or other investments - and having them go down in value as well....

Buying or Selling a Home: Buying a house owned by a trust, local realtor, expressing your interest
local realtor, expressing your interest, buying a house: Melanie - To find out who owns the house, consult with a local REALTOR®. They can pull up tax records and find out current status of ownership. Based on the information given, you may be able to write a letter to the owner expressing your interest in...

Buying or Selling a Home: Florida Eviction Laws - Melbourne Florida, florida eviction laws, eviction notice
florida eviction laws, eviction notice, melbourne florida: I would check on the internet as to specific eviction laws in Brevard County. You did not say whether they are paying rent or not paying rent, so they may not be subject to eviction laws. I would also send them a Certified Letter, return receipt, asking...

Buying or Selling a Home: signing a lease under false pretenses, initial answer, code of ethics
Buying or Selling a Home: signing a lease under false pretenses, initial answer, code of ethics, new lease

Buying or Selling a Home: Handyman ripoff- statute of limitations for small claim court, home improvements, home remodeling
home improvements, home remodeling: Hey Anna, I do not know the exact answer to this question. Visit the link below and it should answer you questions: http://www.illinoislegalaid.org/index.cfm?fuseaction=home.dsp_content&contentID=2498 Most sales contract cases will have a 4-year...

Buying or Selling a Home: house, renting or buying
renting or buying: Hi Henry, Buying is only better if you see the value in buying. Yes eventually you get to keep the house, once the mortgage is paid off...There will always be property taxes and maintenance you must preform instead of calling the landlord. Home is a...

Buying or Selling a Home: house, rent or buy housing
rent or buy housing: Whether or not buying is better than renting depends on many factors, but if you look at just financial ones, that usually tells the story. Rental prices tend to move slowly, but housing prices can move quickly. So in most parts of the country, in 2006,...

Buying or Selling a Home: house, rent vs buy
rent vs buy: Hi Henry, I don t know your situation, but generally speaking buying is a better deal for you than renting. All things being equal, when you rent you don t build any equity, you are virtually throwing money away. You also get a tax benefit from home ownership...

Buying or Selling a Home: house, home buying, home inspection
home buying, home inspection, home inspector: Hey Henry, You will have to decide if it is to your advantage to buy. Normally over the long run buying is best, but you have to consider the following: How long you plan to live in the given area? How much can you buy the home for versus the selling...

Buying or Selling a Home: Less Land than we thought, cost per square foot, jessica bryan
cost per square foot, jessica bryan, buyer agent: Dear Debbie; When a listing agent lists incorrectly he or she is accountable for the correct information. Since it was measured by the listing agent this is the one responsible and to whom you should file a complaint. I am not sure if (from your question)...

Buying or Selling a Home: Property Line Issue, adverse possession, fha mortgage
adverse possession, fha mortgage, fence posts: Hi Katie, I agree, to an extent, with the title attorney you spoke with as far as NOT removing the fencing and AC unit. Keep in mind, however, that I am not an attorney, and my comments below are NOT intended to be legal advice, but rather 26 years of real...

Buying or Selling a Home: Property Line Issue, adverse possession, fha mortgage
adverse possession, fha mortgage, fence posts: There is one main reason why I wouldn t buy that property, Katie, and you hit lightly on it. And that is you do not know how much of a problem you will have sometime in the future when it comes time to sell. You can automatically knock off some of the asking...

Buying or Selling a Home: Property tax confusion, homestead deduction, mortgage deduction
homestead deduction, mortgage deduction, county managers: I would also ask the attorney who closed transaction. Also explain your situation to a manager of the tax office, not a counter person, if you cant get to a manager, go to the county managers office,Speak with county manager, if not able to speak with...

Buying or Selling a Home: Real Estate Valuation, appraisal price, taxable valuation
appraisal price, taxable valuation, real estate valuation: Good question, My opinion, The value of the property is or should be the market price, you set that at purchase time 6 months ago, if property was on the open market, listed with real estate company. An appraisal will help, but make sure the appraiser...

Buying or Selling a Home: Real estate contract: Exlclusive buyer agreement, uncommon occurance, real estate contract
uncommon occurance, real estate contract, real estate broker: Surprisingly enough, Eddy, that is not an uncommon occurance in real estate documents. But in this case, it is my opinion that the agent has no listing contract with you. However, I am not a legal expert or attorney. If you intend to negate the contract, make...

Buying or Selling a Home: residential buy-out, real estate values, real estate appraisals
real estate values, real estate appraisals, flooding basement: Real estate and family NEVER MIX, it is like oil and water. The problem is the 50/50 ownership, nobody has 51%. Appraisals will always vary, if you get 10 all 10 will be different, consider the highest and lowest and go from there. You have enough...

Buying or Selling a Home: Selling home, existing mortgage, question thanks
existing mortgage, question thanks, necessary documents: No, it is not necessary to pay off ANYTHING, Dan, prior to getting the buyer. Who is feeding you this stuff? Discount? Ridiculous. The only time a discount is in the picture is when you are selling your interest in the mortgage. But that is not happening...

Buying or Selling a Home: How to sell my late Mothers USDA home, usda loan, blissful marriage
usda loan, blissful marriage, part time job: Hello Chad; I am sorry for you and your family s misfortune. I have not had any experience with USDA loan programs so all I can speak to is how most lenders are handling situations such as the one you describe. The person who advised you to get a hold of...

Buying or Selling a Home: selling a home, buying, selling
buying, selling, short sales: Hi William, In a downtrending market do not invest more money... during a great market (prices going up) you only get in the area of 72-89% of your invested dollars back on kitchen, windows, and structural elements ... so during a down market you would...

Buying or Selling a Home: selling partial condo, ec, good luck
ec, good luck, own a condo: Hello ec, Thank you for your question. Is there a mortgage on the property? You need to have a lawyer file a new deed romoving your brother from ownership. If there is no mortgage it is simple. If you are both on the mortgage you may need to refinance...

Buying or Selling a Home: short sale contract, las vegas real estate, las vegas homes
las vegas real estate, las vegas homes, las vegas short sales: Hi Brie, Short sales are no fun! They take a lot of patience, and you never know until you get a final bank approval if you really have a home. Whether or not you can make an offer on another home while you are still in an active contract may depend on...

Buying or Selling a Home: signing a lease under false pretenses, false pretenses, real estate broker
false pretenses, real estate broker, lease renewal: This is a good question. I would need to review the lease too give my best answer. My suggestion is read your lease or hire and Attorney to review lease. Other question was lease signed by ALL parties. My opinion, if you had a legitimate lease it should not...

Buying or Selling a Home: My agent told me I don't need earnest money but the seller wants it, jessica bryan, s broker
jessica bryan, s broker, earnest money: Dear Matt; Your agent needed to collect the earnest money and deposit it into an escrow or trust account as per contract agreement. Since he/she failed to do so the agent is in violation of ethical conduct. Please contact the agent s broker in charge and...

Buying or Selling a Home: Benefit of selling a home, inflation adjustment, investment adviser
inflation adjustment, investment adviser, finance expert: Hi Sallie, Without having more information, I’m not sure I understand what “they” meant, either. If the friends sold their house and rented a two bedroom apartment, it does not make sense to me why the friends would pay someone four percent of their...

Buying or Selling a Home: Buying our first home, las vegas real estate, las vegas foreclosures
las vegas real estate, las vegas foreclosures, las vegas short sales: Hi Nicole, Is this home located in California? If so, you will have to check with a local real estate agent to find out about the grants available in your area. There are quite a number of grant programs, but most of them are location specific. Some you...

Buying or Selling a Home: buying a home, jessica bryan, hundred thousand
jessica bryan, hundred thousand, buying a home: Dear Janice; Since I am not familiar with this kind of contract which is not used in our area I cannot tell you if it is a good agreement. You will need to contact an agent in your area and/or an attorney to look over the agreement. Don t sign a contract...

Buying or Selling a Home: capital gains tax break, 1031, capital
1031, capital, gains: Hello Paul - To take advantage of the Capital Gains Tax exclusion on the sale of your primary residence you must have lived in the property for at least 2 of the preceeding 5 years. The time that you live in the home annually may affect the definition, however...

Buying or Selling a Home: Exclusive Right to Sell/Rent, rent, compensation
rent, compensation: Hi Tammy, I have had a little dealings with AZ contracts, and unfortunately for most principles they are very iron clad with a lot of buyer beware of what you sign. But no matter the state - a contract is a contract. I don t think the 6% renewal is...

Buying or Selling a Home: Gifting a home, probate costs, inlaw suite
probate costs, inlaw suite, family trust: If you want to make sure this doesn t blow up in your pocket book sometime in the future, Heather, you should meet with and consult with a good local ESTATE attorney. Yes, it will cost legal fees, but like I said, you do not want the transfer to cost you SO...

Buying or Selling a Home: Lease Buyout Program, lease buyout, buyout program
lease buyout, buyout program, purchasing a new home: Hey, Phillip. My initial response is a no, you re stuck with that agent, but I have no idea what is in whatever contracts you might have signed. If you don t have time to consult a real estate attorney, at least contact the broker/head of the office...

Buying or Selling a Home: Plumbing, intentional misrepresentation, property condition disclosure
intentional misrepresentation, property condition disclosure, plumbing problems: Hi Ryan, If Maryland requires that a Seller Property Condition disclosure form be filled out and signed by Sellers, check whatever information this Seller provided on any potential plumbing issues, especially sewage backing up into the basement, to see...

Buying or Selling a Home: pertinent info afforded to buyer, fraud, disclosure
fraud, disclosure, HOA: Hello Verna - Lets take each item separately. To begin, if the seller did not disclose anywhere within the contents of the transaction documentation then there is the possibility that the seller may have failed to disclose a material fact. The MLS is not part...

Buying or Selling a Home: property condition disclosure statement, property condition disclosure statement, property condition disclosure
property condition disclosure statement, property condition disclosure, property disclosure: Laws may differ from state to state so it would be advisable to check with your attorney before closing on the home. However, I do know that regardless of who the buyer is, anyone buying a home should have access to all disclosures and therefore, regardless...

Buying or Selling a Home: real estate loan & title, warranty deed, full of beans
warranty deed, full of beans, county recorder: The bank is full of beans, Kim. It is very simply done this way: After you get your loan with your partner and you are recorded on title and everything has settled down, you and your partner create a warranty deed (any time you choose), each of you giving...

Buying or Selling a Home: SALE OF DEEP OF TRUST, loan modification, foreclosure
loan modification, foreclosure, good luck: Vicki, If the home goes to auction I would plan to move out soon. You could wait till the sheriff shows up,but then you are forced to get what you can at that moment. So, if you can not get the refinance then I would start moving all your important items...

Buying or Selling a Home: Selling, jessica bryan, private loan
jessica bryan, private loan, open to suggestions: Dear Karen; If your son is losing his house to foreclosure the only thing he can do to buy your father s house is to pay cash for it. He will not be able to get a loan. If he doesn t have enough cash to buy the home perhaps you can arrange for him to do...

Buying or Selling a Home: TITLE TRANSFER, selling homes, transferring home deed
selling homes, transferring home deed: Hi Joanna, What you need to determine is whether she owns the property or not. If she doesn t own the property and is in a mobile home park, then the trailer is not considered real estate, it is purchased and transferred like a car purchase so it would...

Buying or Selling a Home: Apprasial and Lack of Acceptable Comps, fha inspector, apprasier
fha inspector, apprasier, appraisal industry: Hey, Gloria. You and your agent can request a different appraiser, one more knowledgable and with more experience. Keep in mind that the lender really does want to lend the money to the buyers to buy your home, but sometimes it takes the sellers and the...

Buying or Selling a Home: What to ask for and getting it, condo docs, representation for a sale
condo docs, representation for a sale: OK. First of all, congrats on having enough cash to buy a property on your own. Second of all, shame on you for not being careful with your hard earned dough! A real estate attorney would have cost you about $600, and you re about to find out what they...

Buying or Selling a Home: backing out of selling my house, breach of contract, termination agreement
breach of contract, termination agreement, pocket expense: Hi Trever, If the buyer agrees to let you out of the agreement between the two of you, get this in writing – but have an attorney draw up the agreement to terminate, spelling out the terms of the termination agreement so that you are completely protected...

Buying or Selling a Home: Business Relationship Between Broker and Buyer, dual agent, business relationship
dual agent, business relationship, extra fees: If the agent who is showing you the home has done the work, 2 showings already, and is OK to deal with, then you do not need your own agent. In my experience, you will get a better deal with the listing agent as he or she has more to gain if you buy the...

Buying or Selling a Home: buying a bank owned home, tile company, real estate agent
tile company, real estate agent, buying a bank owned home: Sorry to read your plight, Ted, but what do you want ME to do? You should be working with a real estate agent who should know enough to make sure your transaction goes through all right. A good real estate agent is the person you should be using so you don...

Buying or Selling a Home: Buying House, personal judgment, time karen
personal judgment, time karen, lein: Let s take this one step at a time, Karen. If your current house is in foreclosure, no doubt your credit has been shot by the fact that you have not been making your payments. If your credit is shot, you will not be able to qualify for a new loan on the new...

Buying or Selling a Home: Buying a lot and a home that we would like to tear down., warranty deed, claim deed
warranty deed, claim deed, liability coverage: Hi Cassandra, Not knowing what type and amount of a loan you will be applying for, and also what typical closing costs are in your area, a local lender in your area will be able to give you accurate information on what you should expect to pay for closing...

Buying or Selling a Home: cash sale of house to father: do we need escrow?, real estate lawyer, real estate broker
real estate lawyer, real estate broker, grant deed: Because I would want you to not have any problems down the line, Nathalie, I strongly suggest you let a title company handle the transaction because you just never know what may have or could have happened to your title in those three years. The fact that...

Buying or Selling a Home: Closing Date Botched, contracts, breach of contract
contracts, breach of contract, buying: Hi James, Although I can tell you in 10 years this will be a story for the kids, it stings right now... You assume the realtor is to blame? They only know what is being told at the time to them. Both Principle sides (buyer side/seller side) signed...

Buying or Selling a Home: no-doc mortgage loan, direct lenders, doc mortgages
direct lenders, doc mortgages, wasting your time: You better have EXCELLENT credit and income that is legitimate, Ben. Otherwise, you are wasting your time . . . unless you are going to knock on virtually every bank s and lender s door. If you do find a lender of some kind, you are going to pay BIG a interest...

Buying or Selling a Home: Find something wrong after buying a house, kitchen cupboards, small claims court
kitchen cupboards, small claims court, plumbing system: Home inspectors are instructed to NOT turn things on that are turned off at the time of inspection. Once he handed the report to someone and they do not get it resolved before the purchase of the home, then it is that person s responsibility. Everyone else...

Buying or Selling a Home: First buyer, buying, selling
buying, selling, inveting: Hi Mansoor, Welcome to the US.... I applaud you on wishing to have the American Dream of owning a home.... You will need to seek the advise of a financial advisor, number one to see if you have the cash to purchase or the means to qualify for a loan....

Buying or Selling a Home: First right to purchase., first right of refusal, right of refusal
first right of refusal, right of refusal, option contract: Hi Muriel, There are a couple different ways this could be handled, depending on the custom in your area; and my response below is based on an assumption that your intent is to try to make some profit on your sale to your buyer. Not knowing all the details...

Buying or Selling a Home: First time buyer, home buying, home inspection
home buying, home inspection, home inspector: I recommend buying when ever possible, just remember to have a good home inspection performed before you close on the property. Have an addendum in the sales contract that puts the final sale and buying of the property contengent on the outcome of the home...

Buying or Selling a Home: First time buyer, first time buyer, real estate investment
first time buyer, real estate investment, commercial investments: Dear Mansoor; I agree that it is a good idea to buy a home (especially with interest rates being at an all-time low and home prices being lower as well. However; it is not necessarily a question of whether it is a good time to buy. It is more about whether...

Buying or Selling a Home: To foreclose or not, rio rico, detective work
rio rico, detective work, google: If you Google (Wikipedia) Rio Rico, Allyson, you ll find that at one time (up until 1970), Rio Rico was part of Hidalgo County in Texas. But there was a problem with the Rio Grande in thatsome people moved the boundary line (Mexico calls it Rio Bravo) include...

Buying or Selling a Home: Home Inspection, fha inspections, roofing nails
fha inspections, roofing nails, roofing nail: Hey Lori, Sorry for the late reply, I never received the notice of a question pending. I will answer your questions one at a time. As far as the circuit in the kitchen, there may or may not have been anyway for the inspector to detect this 8 years ago,...

Buying or Selling a Home: Leaking roof, roof leaks, seller disclosure
roof leaks, seller disclosure, roof tiles: Dear Kenny; I am not absolutely certain what the laws and practices are in South Africa; but I do know that here in the United States, when someone buys a house they have it inspected before buying it. Then, if there are problems associated with it they...

Buying or Selling a Home: Making sure spouse has no authority with house deed.., divorce attorney, dear mike
divorce attorney, dear mike, having an affair: Dear Mike: Even though you are responsible for paying the mortgage, you are obviously both owners of the house. However, I do not know the laws of your state nor how the title is held in your names; there are many ways in which to hold title. You are both...

Buying or Selling a Home: Making sure spouse has no power with deed!, survivorship deed, hi mike
survivorship deed, hi mike, having an affair: Hi Mike, Sorry to hear about your marital problem. I’m not trying to “pass the buck,” but your question is a legal one and should be directed to an attorney. I am not qualified to give legal advice and it is against real estate law for me to give...

Buying or Selling a Home: modular deed transfer, recipets, deed transfer
recipets, deed transfer, money situation: First of all, Dawn, the land is in your name because that is all you really need. Because the modular home is not connected to the land (apparently no base or foundation connected between the house and land), the house is NOT real estate. It is classified...

Buying or Selling a Home: Pool, small claims court, pool season
small claims court, pool season, warranty company: Hey, Jennifer. What you re experiencing is a common problem and a common misconception about insurance. If you did not have the pool and related equipment inspected prior to close of escrow, then the insurance company probably isn t going to pay, so at...

Buying or Selling a Home: renting out deceased mom's home, split vote, prospective tenant
split vote, prospective tenant, majority vote: Hi Grace, I apologize for the delay in responding. My Mother has had two strokes in the last month and is hospitalized, and my time does not seem to belong to me right now. Unless you want to, or on the advice of an attorney, it is not a legal requirement...

Buying or Selling a Home: short sale/foreclosure, mortgage payments, negative response
mortgage payments, negative response, illegality: As a broker, Nomi, I cannot make any suggestions that may smack of illegality. However, the family member certainly can buy his house this way . . . if the bank will cooperate. This is going to take some REAL negotiating and trusting the family member. ...

Buying or Selling a Home: Statute of limitations, Sellers Disclosure
Sellers Disclosure: Hello Jack- This is basically a legal question for a California attorney. But if I was to take a crack at it: A) Typically disclosure forms by sellers are incomplete. B) Typically buyers must do their own due diligence and inspection(s) (although...

Buying or Selling a Home: Being on the Title vs being on the Mortgage, sound direction, sole person
sound direction, sole person, legal specialist: Dear James: Although you are the sole person responsible for the loan, he seems o be responsible for your problems. In real estate, all agreements should be in writing. It is very difficult to prove and enforce verbal agreements in real estate. He did...

Buying or Selling a Home: Title company dishonest, managing agent, insurance commissioner
managing agent, insurance commissioner, title company: Chances are, Susan, the title company is being square with you. Title ccmpanies have to account for their actions to the state s insurance commissioner. But as long as you had a broker work with you in the purchase of the property, I recommend you have her...

Buying or Selling a Home: title, deed, loan modification, real estate taxes
loan modification, real estate taxes, title deed: To make sure I understand you, Jan, you paid cash for the land, therefore, the real estate is totally yours. Then you put a mobile home on the land. But you did not indicate that you put a foundation under the mobile home to connect AND BE A PART OF THE REAL...

Buying or Selling a Home: Title Search, land grants, purchasing insurance
land grants, purchasing insurance, king of spain: It depends what kind of title search you want, Upinder. A true title search actually checks every detail on the title of a property . . . all the way back to when the U.S. became a nation and even before when the king of England transfered large land grants,...

Buying or Selling a Home: Wife hopefully no power with deed, smart attorney, divorce attorney
smart attorney, divorce attorney, confab: As Shakespeare puts it, The law s delay, Mike. That, of course, means that the process of anything involved in the law proceeds at snail s pace. But your wife, with a smart attorney, really doesn t need your signature for a partition. If she wants her portion...

Buying or Selling a Home: buying at auction, auctions, buying
auctions, buying: Hi John, Congratulations on planning on purchase income property... great investment these days... I don t know exactly how Virginia works, but here in California you will have to bring in cashiers checks to the auction, so postdating is not an option....

Buying or Selling a Home: closing on house in mount vernon ny, bank approval, real estate agent
bank approval, real estate agent, mount vernon: Hi Janneth, Thank you for your question. Congratulations on buying a short sale! You are probably getting a great deal. I suspect the house needs work so while you prepare for that have your real estate agent help the tenant find a new place to live....

Buying or Selling a Home: contract, jessica bryan, rental house
jessica bryan, rental house, credit scores: Dear Joyce; I don t know what your contract looks like (how it was written and what is stated.) There could be some other contingencies in it. Do you have an attorney? You might have the attorney look over the contract. Most contracts have a few contingencies....

Buying or Selling a Home: downpayment, certified public accountant, real estate questions
certified public accountant, real estate questions, downpayment: Hi Thomas, Your question should be directed to an accountant or CPA (Certified Public Accountant) who is up to date on the regulations regarding withdrawals from 401K’s. Sorry I could not help, but this is not my area of expertise and by law, I cannot...

Buying or Selling a Home: Finding Real Estate Deals, property management company, real estate investor
Buying or Selling a Home: Finding Real Estate Deals, property management company, real estate investor, bandit signs

Buying or Selling a Home: Fannie Mae, prior to funding, stipulations
prior to funding, stipulations, Fannie: Hello Kristy - In Arizona the Pest Control Company agrees to be paid as a condition of closing, which means that they perform the work prior to closing and send the escrow company the invoice for the service performed. When the property closed the company...

Buying or Selling a Home: Finding Investment Deals, residential investment properties, coldwell banker united realtors
residential investment properties, coldwell banker united realtors, google search: Dear Rashad, I am licensed in Florida, not Georgia, however based on a Google search I found several websites to search for your own properties. My first thought was to suggest Realtor.com since it is the largest and most accurate real estate website out...

Buying or Selling a Home: Finding Real Estate Deals, residential investment properties, jessica bryan
residential investment properties, jessica bryan, free websites: Hello Rashad; You can look up Forsalebyowner.com or realtor.com. The homes that are on the second site are listed with a real estate company. However, you don t have to use an real estate agent to represent you. I do think that you might want to ask around...

Buying or Selling a Home: Finding Real Estate Deals, buying, HUD offers
buying, HUD offers, selling: Hi Rashad, HUD you can search direct, however you must us a realtor per HUD... I honestly suggest you find a buyers agent you can work with to help you in your hunt... although it is great to do side searching on your own... you will always get more,...

Buying or Selling a Home: Finding Real Estate Deals, residential investment properties, courts office
residential investment properties, courts office, estate deals: Good question, but I dont know any websites,most want to sell you something and many are out of date the day it is published or offered. I still suggest you work with an agent, that specializes in foreclosures and investment properties in your area. If not...

Buying or Selling a Home: Finding Real Estate Deals, residential investment properties, auction properties
residential investment properties, auction properties, estate deals: My best advice is to interview agents and find one that fits with your personality and real estate vision before you do any deals with them. There are good ones out there, there are just a lot of bad ones too. That said www.lpsauctions.com is a good one...

Buying or Selling a Home: Grant Deeds, revocable living trust, grant deed
revocable living trust, grant deed, joint tenants: Yes, you may, August, however, I would strongly recommend you talk to a good local estate attorney about putting together a Revocable Living Trust. Why? It s very simple and accomplishes what you are trying to do and income tax wise it is the best for you...

Buying or Selling a Home: International buyers for US homes., purchase contracts, buyer clients
purchase contracts, buyer clients, customers money: Hello Mansoor, Thank you for your questions. Please excuse the delay. This was Independence Day weekend and I finally had some time away from the computer! My profile no longer says Afghanistan, it is changed to United States. If your buyer clients...

Buying or Selling a Home: International buyers for US homes., us government website, jessica bryan
us government website, jessica bryan, real estate broker: Dear Mansoor; If these buyers are paying cash and are ready to buy homes, the best thing to do is to contact a real estate broker in your area who works with investors. He or she can advise you on the restrictions, etc. There are restrictions in how many...

Buying or Selling a Home: naca, neighborhood assistance corporation, neighborhood assistance corporation of america
neighborhood assistance corporation, neighborhood assistance corporation of america, scott pelley: Here is some light I can shed on NACA, James: It stands for Neighborhood Assistance Corporation of America. From what I found out, they do not help anyone BUY houses. They are supposed to help homeowners KEEP their homes should they fall into foreclosure....

Buying or Selling a Home: quit claim, mortgage amounts, mortgage amount
mortgage amounts, mortgage amount, claim deed: It s definitely seems like a scam, Maureen. In my opinion, Two states are noted for scams: Utah and Florida. Further, Florida attorneys are big on stealing property from especially older people. You may have heard of an attorney named Stern who came away...

Buying or Selling a Home: Quit Claim Deed, y suggestion
y suggestion: My suggestion, I would invest in a title exam with a very good real estate attorney before you do anything. The title issues are a concern, if the property is listed for sale, most listing agreements state title to pass fee simple free of defects. With all...

Buying or Selling a Home: Real Estate Deals, residential investment properties, commercial investment member
residential investment properties, commercial investment member, real estate broker: First of all, Rashad, you CANNOT buy a HUD home without a licensed real estate broker or agent. Period. If you have had unsavory experiences in looking for residential investment properties, that means you have NOT had a CCIM working for you. That is a...

Buying or Selling a Home: Real Estate Deals, residential investment properties, estate deals
residential investment properties, estate deals, free websites: Hi Rashad. You could try Realtor.com, Trulia and Zillow. These are sites that have listings all over the country and should have what you are looking for. I do not know of anything specific to Georgia. Wish I could be of more help. Hope you are well and...

Buying or Selling a Home: Real Estate Deals, real estate, homes for sale
real estate, homes for sale, foreclosures: Hi Rashad, There are a number of free national sites that you can use to search for properties in any part of the country: realtor.com, homes.com, trulia.com, realestate.yahoo.com, etc. The problem with the national sites as opposed to the local agent sites...

Buying or Selling a Home: Realtor Fraud, mortgage obligation, mortgage fraud
mortgage obligation, mortgage fraud, relationship breakup: Hi Sherry, The quit claim does not remove any one from the original promissory note, only payoff of the debt or foreclosure will remove any one from the debt. Again,there are legal issue here that require a lawyer, but you should have received a reconveyance...

Buying or Selling a Home: sellin old house trailer, house trailer, purchase contract
house trailer, purchase contract, nori: Hello Ed, Thank you for your question. The best way to work it out is when you make the offer. Your real estate agent would have to add wording to the purchase contract, such as seller to remove house trailer ten days before close of escrow. Or, there...

Buying or Selling a Home: Selling My Portion of the Deed & Mortgage, deed mortgage, mortgage payments
deed mortgage, mortgage payments, change of ownership: Yes, Joan, you may sell your interest in the property. But be aware that there is a clause in your mortgage that frowns on someone else taking over your interest in the property. I say frowns rather than forbids because of today s economy in which banks...

Buying or Selling a Home: transfer of ownership, warranty deed, tax concerns
warranty deed, tax concerns, tax expert: Maybe, yes, and yes, Eugene, in answer to your three questions. I recommend that A consults with a tax expert or CPA to make sure her gift to her daughter is done correctly. Not knowing what her basis is in the property, I am not able to answer properly....

Buying or Selling a Home: waiting, fha loan, credit advice
fha loan, credit advice, credit score: Alex - Your potential ability to purchase another home depends on 1.) your credit score 2.) how the modification, default, short sale, or disclosure is reported on your credit and 3.) what type of loan you are pursuing and 4.) when you are pursuing it. ...

Buying or Selling a Home: water seepage in home we bought, decay wood, water seepage
decay wood, water seepage, john mckenna: Water and moisture is conducive to mold, decay, wood destroying insects and corrosion in electrical parts. It has been rated the #1 enemy of a home..! Hire a lawyer and get the facts documented ASAP. Then demand your rights. This is a big issue and...

Buying or Selling a Home: Buying on contract a good idea?, self-employed, mortgages
self-employed, mortgages: Hello: Two main thoughts: A) Apply to local banks with small footprints, and find one that is holding on to loans instead of selling them. If your home expenses are 25% of your AGI, you ll find a bank that will do the loan with 20% down. Maybe not...

Buying or Selling a Home: Buying a corporate owned home, neighborhood support, jessica bryan
neighborhood support, jessica bryan, time home buyers: Hi Stephanie; What the response meant was that you should first be pre-approved for a loan before the corporate owner will consider or accept your offer. You are not under contract and because of this they are free to accept another offer. I would like...

Buying or Selling a Home: Buying a home, knowledgeable realtor, new home construction
knowledgeable realtor, new home construction, experience expertise: You are smart to be skeptical at this point. You have not looked around enough. Whoever suggested that you tour around the area was doing you a big favor. If you act too anxious to buy a house you may regret it. A lot of for-sale signs in any particular area...

http://en.allexperts.com/q/Buying-Selling-Home-1476/2011/8/buying-house-25.htm


Buying or Selling a Home: Buying a new home, independent home inspector, john mckenna
independent home inspector, john mckenna, warranty law: Yes, you need a home inspection. You have no idea what new sub-contractor works on any given house on any given day. You ability to get someone to honor any warranty is not much comfort. Don t assume everything is OK. We find all types of defects in new...

Buying or Selling a Home: Buying a new home, home inspection, phased home inspection new home inspection
home inspection, phased home inspection new home inspection: Yes, I would not buy a home with phased inspections. You will only need three phases: Pre-slab, Pre-Sheetrock and Final. Each phase should have a follow-up inspection to insure repairs were completed. Robert Welch ATEX Inspects www.atexinspects.co...

Buying or Selling a Home: capital gain?, capitol gains, 1031 exchange
capitol gains, 1031 exchange, capital gain: Ask your accountant the best way to handle that. Not sure where you are in the transaction, but you may be able to do a 1031 exchange and pay no taxes. Also you would have available a one time deferred for retired over 65, if you choose to use it on that property....

Buying or Selling a Home: closing date, closing date, amount of time
closing date, amount of time, negotiation: It really depends on how important the document is, Jerry. The key phrase here is on or about rather than on or before. It would seem to me that the document on which this phrase is written is not that much of an important document. It would mean, in my...

Buying or Selling a Home: Condo, proper legal advice, delaware llc
proper legal advice, delaware llc, husbands name: Hi Anthony, I do not know what, or if there would be any, legal implications involved with a deed having been executed by a grantor (your sister’s husband) which was never recorded, and then being recorded AFTER the grantor’s death. This is where you need...

Buying or Selling a Home: MY DAUGHTER’S BOYFRIEND HAS STOLLEN HER/MY HOUSE, state attorney general, family trust
state attorney general, family trust, local district: The only thing you can do, Teri, at this time is to talk to a good local real estate attorney. This matter has to be taken before a judge. That good attorney will also make sure that the boyfriend pays for what he has done. I recommend you take care of this...

Buying or Selling a Home: Issues after the home inspection., city inspector, home inspectors
Buying or Selling a Home: Issues after the home inspection., city inspector, home inspectors, ccb

Buying or Selling a Home: Online real estate course vs. classroom
Buying or Selling a Home: Online real estate course vs. classroom

Buying or Selling a Home: Can the government intervene in the housing market?, fannie mae and freddie mac, wall street brokers
fannie mae and freddie mac, wall street brokers, mortgage lenders: Hi Kevin, What an interesting question. While I am neither a political analyst nor an economist, my writing below is simply my personal opinion. I believe we are in the mess we are in now BECAUSE OF our government. There were numerous warnings, and...

Buying or Selling a Home: Home Inspection, canadian borders, ryan homes
canadian borders, ryan homes, centex: Hey, Alex. Since homes are made by people, and people are human, so to speak, they make mistakes. There are also instances of dishonest subcontractors. I don t know where you re at, but the closer you get to the Mexican and Canadian borders, the more...

Buying or Selling a Home: home inspection, home inspection report, son and daughter
home inspection report, son and daughter, home inspector: Hey, Maryellen. Determining the manufacture date of appliances and equipment is not part of a normal home inspection. There are many of us who do try to determine the date of manufacture, but it s not always possible because of missing manufacturer plates,...

Buying or Selling a Home: Home owner contract, owner contract, estate purposes
owner contract, estate purposes, marlborough: Hello- The contract you re talking about is the Deed . If your brother has a mortgage on the property, the bank has decided that your brother can own the land, while he pays the mortgage. He can t transfer the property, or sell, usually any part of it...

Buying or Selling a Home: Investment Property, income property, renting
income property, renting, investing: Hi David, Great question, look for ease to/for the tenant, good amenity, close to shopping and schools is nice. So is yard space, allowing pets, do things other landlords may not be willing to do... Check the rents to other properties comparable to...

Buying or Selling a Home: Issues after the home inspection., home insulation, city inspector
home insulation, city inspector, duct work: It sounds like some of the defect should have been discovered by your inspector. See a lawyers to advise you on what to do about it in your state. Regarding the city inspector, good luck with that. Most city inspectors cannot be sued. Hope this helps,...

Buying or Selling a Home: Online real estate course, career question, las vegas real estate, las vegas homes
las vegas real estate, las vegas homes, las vegas real estate firms: Dear Linda, I can tell by your message that you have a wonderful personality and would make a great agent! And I am certain you would probably have no problem taking the online courses and passing the test for licensing. In addition, many firms do have...

Buying or Selling a Home: Online real estate course vs. classroom, real estate classes, info marketing
real estate classes, info marketing, telecom business: Dear Linda; To answer your first question: In my opinion,the classes to get your license are not as important as the on-the-job learning you receive after you get your license. They are the basics that cover the laws and the basics like terminology as well...

Buying or Selling a Home: Procedures regarding closing, earnest money deposit, jessica bryan
earnest money deposit, jessica bryan, reputable agents: Dear Alice; I do not practice real estate in New Jersey but I can tell you that anywhere that I have sold homes or heard of home purchases the cash deposit (which is the earnest money deposit)is the only part of the transaction that is held by an attorney...

Buying or Selling a Home: Real Estate Companies?, las vegas real estate, las vegas homes
las vegas real estate, las vegas homes, las vegas real estate firms: Hi, Susan, You will probably not be able to find much on the Internet about real estate businesses for sale. Are you looking to buy one in your area, or are you considering several areas around the country? This is not really a real estate question, but...

Buying or Selling a Home: Real Estate Companies?, coldwell banker united realtors, typical interest rates
coldwell banker united realtors, typical interest rates, commercial real estate brokers: Hello Miss Wilson, Thank you for your question! The SBA is a great option for a business loan; another is a commercial lender. Be prepared to put 20-30% down on any loan you get and to pay 2-3% higher than typical interest rates. In order to find a...

Buying or Selling a Home: Real Estate Companies?, stock brokerages, stock brokerage
stock brokerages, stock brokerage, google: If you want to invest in ANY company, Susan, I would recommend you contact a stock brokerage of your choice. And when you contact them, you can ask them how you can borrow the money to buy an interest in SBA or any company, for that matter. Some stock brokerages...

Buying or Selling a Home: Realtors & Real Estate Agents, new homebuilders, realtors real estate
new homebuilders, realtors real estate, new home builders: Dear Alex; The new home builders you referenced are able to build homes at a very competitive price because of the volume that they do (even during tough times!) As for the listings of homes that were provided by the real estate agents: I don t know why...

Buying or Selling a Home: remodel. future resale, bedroom closets, jessica bryan
bedroom closets, jessica bryan, having a shower: Hi Lois; Changing the bathroom by eliminating the bathtub is not a good idea since it is the only tub in the house. Keep it. There are plenty of people who want a tub. Also, if you were to eliminate a door it also limits usage and probably not a good idea...

Buying or Selling a Home: remodeling, resale, bedroom closets, kitchen flooring
bedroom closets, kitchen flooring, having a shower: Sorry getting back so late, have been out of town. My suggestion, is leave home as it was built,don t rebuild older home.... make updates to existing rooms, ie, bath rooms and kitchen,flooring and updates are hardware, fixtures, and appliances, counter tops,...

Buying or Selling a Home: Seller Disclosure, real estate broker license, seller disclosure
real estate broker license, seller disclosure, raw sewage: You bet, Loren. The seller must disclose EVERYTHING the seller knows about the property and the real estate agent must also, as long as it is disclosed to him/her. There is a document that EVERY seller must sign that tells the buyer all that is negative with...

Buying or Selling a Home: Selling Home in Florida., knotty pine walls, knotty pine cabin
knotty pine walls, knotty pine cabin, knotty pine tongue and groove: Great question to ask before you venture into these renovations! My first inclination is to say replace them with sheetrock. However, there are other factors to consider before making this decision. How does this home compare to similar homes in your area?...

Buying or Selling a Home: Advice, fannie mae and freddie mac, fannie mae
fannie mae and freddie mac, fannie mae, selling a property: Well, you cannot get much better credit than that, Rashad. So, I strongly suggest you treat him right. Do NOT ever take advantage of him and make sure he is aware of what you are doing every step of the way. It would also be a good idea if you create a trust...

Buying or Selling a Home: Advice, real estate investing
real estate investing: Hello Rashad, You say that you are trying to get back into the real estate investing field . This would indicate that you had done it before? If you have done it before, what was your experience? Why are you trying to get back ? I m afraid I don t understand...

Buying or Selling a Home: title company issued wrong title, local tv station, title insurance company
Buying or Selling a Home: title company issued wrong title, local tv station, title insurance company, good spirit

Buying or Selling a Home: General Inquiry, lowellville ohio, jessica bryan
lowellville ohio, jessica bryan, billing rate: Hi Nickey; I suggest that you contact a real estate company in Lowellville and ask to speak with the managing broker. Ask the broker whom he or she would suggest work with you as a Buyer s Agent. Then talk to that person and ask lots of questions about the...

Buying or Selling a Home: house zoned. urban commercial ?, buying, selling
buying, selling, residential: Hi Stephanie, Unfortunately at this juncture since it is bank owned most likely nothing short of you and your husband qualifying for a commercial loan... typically requiring 25-45% down and on an adjustable loan as I do not believe there are any commercial...

Buying or Selling a Home: Are Las Vegas condos good investments right now?, rental pool, city of las vegas
rental pool, city of las vegas, lake las vegas: Dear Samantha, I am not sure on the returns, because you don t know that until you sell. However, Nevada was hit hard in the crash, right up there with Florida or Arizona. You can buy a condo cheap nowadays, but if you do, be sure to investigate how the...

Buying or Selling a Home: Low Appraisal; Now What?, self employment income, fha appraisal
self employment income, fha appraisal, fha loan: The Lender is a collection of people, who, by and large, don t know what each other is doing. The Lender trying to make this work is a bunch of hooey. They already have a good appraisal, and won t use it. How is that trying? I won t bore you with the...

Buying or Selling a Home: Property appraisal by tax assessor, selling homes in maryland
selling homes in maryland: The tax assessment is not necessarily market value. Here in Maryland, the tax assessments vary widely depending upon when they were assessed (1/3 of the state is assessed every 3 years) and sometimes are really far off. I would challenge the assessment and...

Buying or Selling a Home: property purchase for family member, mobile home loans, dmv office
mobile home loans, dmv office, insurance repairs: Most likely, Mike, the ownership of the mobile home will be reflected on a document much like your car since it is the DMV that takes care of the title of mobile homes if it is not on land you own. So, you should ask these questions of the DMV office. Having...

Buying or Selling a Home: property tax, henry county, revaluation
henry county, revaluation, property tax: Thanks for your question. Many things can effect value, both land or homes and land. Zoning,recent sales,topo,acreage. Cant tell you why in your area, but values differ. Many times someone could have had a re revaluation of their lot, this could effect the...

Buying or Selling a Home: Realtor on HOA Board receiving Builder referral fees, HOA, Conflict
HOA, Conflict, Conflict of interest: David - If the REALTOR was a member of the HOA itself then possibly based on the actions not the contractual nature. Being on the architectural committee I don t see a conflict of interest however that does not mean there may not be again based on the actions...

Buying or Selling a Home: How can I retrieve my earnest money?, small claims court, loan collateral
small claims court, loan collateral, earnest money: Assuming your earnest money is $7,500 or less, Sharon, I would take the other firm to small claims court. You most likely had a real estate agent handling the transaction at the time. Therefore, you might want to ask that agent s office manager for the refund...

Buying or Selling a Home: selling a home, real estate broker, local real estate
real estate broker, local real estate, selling a home: If you have a problem with your mortgage being larger than the value of your home, there is nothing much that can be done other than waiting a few years until the values of real estate rise once again, Gerald. If the value of your home has fallen enough to...

Buying or Selling a Home: title company issued wrong title, chris answer, warranty deed
chris answer, warranty deed, insurance attorney: As long as an impartial attorney is straightening things up -- and getting paid by the title company that made the error -- I see nothing wrong with how you re being treated in this matter. In fact, I would say they are doing EXACTLY what should be done to...

Buying or Selling a Home: townhouse/condo, townhouse apartment, single family dwelling
townhouse apartment, single family dwelling, condominium ownership: Townhouse is an architectural style and condominiums are a form of ownership. Townhouses are owned various ways: single family dwellings; condominium; planned unit developments. Condominiums and their owners own their air space and a percentage of ownership...

Buying or Selling a Home: townhouse/condo, Town homes, condo
Town homes, condo, differences: Hi Jo, With a true town home you own the roof and the land. So when the home needs to be repainted you pay for it. If the roof needs to be replaced you pay for it. Some people call two story condos town homes too, but that is incorrect. With a condo you...

Buying or Selling a Home: Adverse possession, adverse possession, happy new year
adverse possession, happy new year, central virginia: One of the requirements for a successful adverse possession, Joe, is that the person who is trying to take over the land must pay the taxes for the WHOLE property and as long as you have paid the taxes as required, it s not very likely they are going to be...

Buying or Selling a Home: Buying in Cash, Cash sale, foreclosure
Cash sale, foreclosure, Realtor: Hi Jackie, In most instances, even if you are not paying cash, the selling price is usually less than the list price. The amount less is dependent on a number of factors, how long it has been on the market(The longer, the more anxious they are to sell.),...

Buying or Selling a Home: California Land Contract, california broker, land contract
california broker, land contract, california land: Then you go back to the seller and renegotiate your purchase price, SV. But be sure you have all the ammunition with you. That is you should have all the evidence and comparables there are to show why you should be paying a lesser purchase price. The seller...

Buying or Selling a Home: false information in listing, public sewer system, bank owned properties
public sewer system, bank owned properties, agent banks: Dear May: What a dreadful surprise! And, unfortunately, the answer I have to give you is going to be ambiguous. As it was a foreclosure, it was obviously owned by a bank who followed protocol and gave the listing to an agent. Banks are notoriously...

Buying or Selling a Home: flipping prop advise, fear of the unknown, money loans
fear of the unknown, money loans, investment groups: Hi Darlene, Thank you for your questions. Now is a great time to get started in this type of business! There are many foreclosure to buy, rehabilitate and resell! All you need is a competent, experienced Realtor to work with you to help you find the...

Buying or Selling a Home: Foreclosure property, foreclosure property, foreclosed property
foreclosure property, foreclosed property, mr dennis: No, May. It is up to the buyer to COMPLETELY check the property to the buyer s satisfaction BEFORE he provides an offer to purchase. That pretty much goes for virtually all states with property in foreclosure. I wish you well. Dick Dennis dixiedee13@aol.co...

Buying or Selling a Home: Home Additions, fha 203k, home additions
fha 203k, home additions, neighborhood values: Michael, I am very familiar with Winnetka. I believe you have to look at this as a long term investment and that besides it being an investment it is also your home. If you want a master bath and an enclosed patio and can afford it then do it. Your agent...

Buying or Selling a Home: Home Additions, local realtor, home additions
local realtor, home additions, desirable choice: Hi Michael; Having lived in West Hills for many years before moving to Chapel Hill North Carolina, I know that area well! Woodland Hills and the surrounding areas of Reseda, Canoga Park, etc are still more attractive to those looking for 3 bedrooms and two...

Buying or Selling a Home: Home Additions, room addition, remodel
room addition, remodel, buying: So now you are borrowing money to make an addition? Keep in mind borrowed money is typically repaid (just to calculate quickly) at 3x s the principle $100= $300 on 30 yr term Add 10% - 15% to your proposed cost (their are always over runs especially...

Buying or Selling a Home: home loan, jessica bryan, mortgage company
jessica bryan, mortgage company, bakery: Hi Diana; You usually have to establish your business and show a profit for two years before the lender will qualify you for a loan. There can be exceptions to this if you can show a history of being in the same business elsewhere and running it successfully...

Buying or Selling a Home: How much house?, jessica bryan, pre qualification
jessica bryan, pre qualification, home value: Hi Gabi; It all depends on your income. With a good down payment you can either keep your monthly payments lower or afford to go a little higher. If you consider a monthly payment it should be about 1/4 of your income. I would suggest that you visit a...

Buying or Selling a Home: Land Contract, contract question, real estate broker
contract question, real estate broker, land contract: To protect yourself, Jerry, I recommend you consult and use a REAL ESTATE attorney to execute the necessary documents and have the reluctant payor sign the property back to you. In Wisconsin, a foreclosure usually takes about a year to culminate. So, you re...

Buying or Selling a Home: Loan for home, trustco bank, getting a mortgage
trustco bank, getting a mortgage, jansz: Hi Diana, Getting a mortgage nowadays is very complicated. Speaking directly with a mortgage broker will give you a better guide to your goals than I can. Sometimes the big banks will prefer to hold onto their money rather than lend it out and a smaller...

Buying or Selling a Home: part of property without permit, safety flags, safety flag
safety flags, safety flag, flag issue: Hey, Lisa. Answers to your questions: 1 - Yes, but you might have an issues trying to prove that the agent know. In some cases, you can t even prove that the Seller knew because, as an example that I m familiar with that occurred here in San Diego back...

Buying or Selling a Home: Patio without building permit to a foreclosed property, safety flag, city inspector
safety flag, city inspector, property survey: Very complex question with many answers. The easiest way to handle this problem is to do what the building dept. wants you to do -- pull a permit and correct the situation, whatever it is. If this involves a contractor, so be it. This may be the easy way...

Buying or Selling a Home: Permit Violation on Foreclosed Property, safety flag, city inspector
safety flag, city inspector, property survey: Hello Lisa, Ugh, this is a common problem with buying a foreclosed property! Since you have so many questions, I m going to list the answers to the corresponding question below: 1) Whether they are listed as is or not, licensees and sellers of property...

Buying or Selling a Home: Permit Violation on Foreclosed Property, safety flag, city inspector
safety flag, city inspector, property survey: As long as you knew the purchase of the property required a legitimate property inspector on a foreclosure property, and you did not hire such a person, I don t hold much hope for you. I am positive the purchase agreement you signed specifically indicated...

Buying or Selling a Home: Property disclosure, property disclosure, lisa lisa
property disclosure, lisa lisa, title insurance: Lisa: 1. Does the law in Florida require the seller, through listing agent or seller s agent to supply Seller s Disclosure on foreclosed as is property condition? NO 2. Does the law in Florida require the Seller, Listing agent, Seller s agent to exposure...

Buying or Selling a Home: Renting foreclosed home, hot coals, new mortgage
hot coals, new mortgage, trouble with the law: You got it all twisted, KB. If the owner-in-foreclosure signs over the house to you, then HE is breaking the law because he is in foreclosure and can only sign it over if you pay the bank the amount of the defaulted mortgage. It would only be a matter of time...

Buying or Selling a Home: sale of home and capital gains tax, Homestead, Austin Texas
Homestead, Austin Texas, home: Hi Charles, Sorry to hear about your Mother and Father passing. You will definitely have to check with your CPA on this one. I know if you own a home and live in it for 2 years out of 5 years non consecutive you can keep all the cap gains. This maybe a...

Buying or Selling a Home: selling house while on social security, social security disability, social security number
social security disability, social security number, medical specialists: If you bought the property with your mother, does that mean the title of the house is in BOTH of your names? Or since the taxes are in your name is the title in YOUR name? If it is in your name, your mother need not be concerned about her social security,...

Buying or Selling a Home: Short Sale, bank owned properties, bernstein
bank owned properties, bernstein, good luck: Hi Jackie, Unfortunately short sales are a difficult and lengthy process. There is a separate department that handles this and you as the buyer have little to nothing to do with their decision other than the fact that you are qualified to make the purchase....

Buying or Selling a Home: Tax sales, jessica bryan, courthouse steps
jessica bryan, courthouse steps, deb: Hi Deb; There are services that have lists they sell. You can subscribe to these services or spend a great deal of time digging for the information. The sales are government or bank sales and so you can start there by calling the banks or the tax offices....

Buying or Selling a Home: Advice, buying, selling
buying, selling, investing: Hi Jackie, Congratulations on your investment purchase You have to run your numbers and see what works out best to your bottom line and holding time frame. Larger homes require more upkeep, but can generate more income ... condo s are a smaller investment...

Buying or Selling a Home: Bought a Lemon of a home, filing bankruptcy, water issues
filing bankruptcy, water issues, hanky panky: This is definitely a matter for a good local real estate attorney, Debbie. He/she would investigate as to who is at fault, especially if it is found that some hanky-panky is involved. Word of caution: if the inspections were made by the SELLER then your daughter...

Buying or Selling a Home: Buying a short sale home, short sales in Maryland, Crofton short sales
short sales in Maryland, Crofton short sales, selling home in maryland: A short sale home can be a great buy and is a good situation for everyone involved. It sounds like there may have been multiple offers when you placed your first offer and they probably accepted one that was higher than yours. I ve seen a lot of multiple...

Buying or Selling a Home: house in living trust, escrow department, title escrow
escrow department, title escrow, real estate broker: Here in California, Alice, a copy of the living trust(s) must be given to the escrow company you are using or the title company if you are using in the sale of the property. Of course, they will make a copy of the Living Trusts and return the original to you....

Buying or Selling a Home: House Sell, emotional ties, impending marriage
emotional ties, impending marriage, executor of the estate: Am more than happy to help, Anthony. To avoid unlike display-- If you would kindly email the address of the home in Gary and the contact information you would like the Realtor to use, I will start the search process today. My email address is: Kathryn@NewVintageHome.com....

Buying or Selling a Home: Mobile Home Title Issue, mobile home park, mobile hole
mobile home park, mobile hole, aol: This is a situation that can only be solved with a REAL ESTATE attorney at your side, Debra, even though this technically has NOTHING to do with real estate unless the mobile home is attached to a piece of real estate THAT YOU OWN. As you probably know by...

Buying or Selling a Home: Relocation & money, buying, selling
buying, selling, inspections: Hi Janice, Sounds like your home may be overpriced if you have received no offers since June. The big push selling season is over now and we are headed into the holidays. Have you considered renting the property if you are unable to sell? I have...

Buying or Selling a Home: Selling property after passing of homeowner, quick claim deed, capital gains
quick claim deed, capital gains, taxes: Hi V, I believe that you will have to pay the capital gains tax as it is now your property. You will have to ask your CPA to make sure this is correct. Also, you will have to ask them how much you will owe. Hope this helps with your process of getting...

Buying or Selling a Home: Sewage Back Up 13 days after home purchase, buying, selling
buying, selling, inspections: Sorry to hear about your moms issues... sometimes when a home has sat vacant for a few months problems arise weeks after the occupant moves in. I find it hard to believe the pipes run uphill as water is gravity fed unless there are pumps involved, at...

Buying or Selling a Home: I do not want to sell my home, estate experience, closing cost
estate experience, closing cost, buyers agent: Hi Bill, I really do not like to hear stories like yours. The real estate professional is a service business, and a client’s wants and needs should always come first. I am so sorry to hear that your agent is giving you a problem, especially since you...

Buying or Selling a Home: as-is condition, as is, appraisals
as is, appraisals, code violations: Nina, If your sister is obtaining a loan to purchase the home, the condition of the home could be an obstacle to the appraisal process. It tends to be a flip of the coin depending on which appraiser completes the appraisal and what type of not up to code...

Buying or Selling a Home: Coop stock certificate, apartment mortgage, question banks
apartment mortgage, question banks, stock certificate: HI George, Thank you for your question. Banks often lose things as you probably have heard in the news now with the banking crisis. They should have it in a file somewhere, but may not have it as a priority to find at this time. When it comes time...

Buying or Selling a Home: home buyer/ home owner, real estate contracts, inspection clause
real estate contracts, inspection clause, accurate answer: Hi Sabrina, To answer your question, it would depend if you and your aunt had any sort of real estate or purchase contract when you bought the home from her. A contract would state if you had any legal remedies in some sort of an inspection clause. Typical...

Buying or Selling a Home: Lost house due to miscommunication at agency, pre approval letter, relocation company
pre approval letter, relocation company, sellers agent: Hi Tom, Wow! I m so sorry that happened to you! That s very disappointing! I notice you are in Texas. I practice in NY. Laws vary from state to state so my best advice to you is consult your attorney. I m not a lawyer and so cannot advise you about legal...

Buying or Selling a Home: property bought for back taxes, etowah county, back taxes
etowah county, back taxes, state of alabama: Carolyn, Since I do not practice in Alabama it will be best to consult with a local professional. Each state is different regarding how tax liens are applied and resolved through sale. Please consult with the city, county or state tax assessor or a local...

Buying or Selling a Home: as-is selling, electrical issues, loan agent
electrical issues, loan agent, real estate transaction: Hey, Nina. One never has to bring a house up to code in order to sell it. That s because it would be impossible to do without destroying the house and rebuilding it. Every code book has a little paragraph in it that says something like As long as the...

Buying or Selling a Home: ? violation of ethics by realtors, fha loan, interested buyer
fha loan, interested buyer, closing cost: Hi Vilma, I apologize for the delay in responding. Real estate has been incredibly busy and I have two family members with serious illnesses that I am caring for. I am sorry to hear of your bad experience. First, with an offer coming in so quickly...

Buying or Selling a Home: Buying a house in installments, generic contract, land contracts
generic contract, land contracts, installment payments: I don t know where you got this idea, Jess, but the only time this may happen is if your parents sell you a property, and then that is a very, very bad idea. 1. + 2. There are contracts for deed and there are land contracts. With either one of these,...

Buying or Selling a Home: Federal Taxes on primary residence, city planning department, local real estate
city planning department, local real estate, federal taxes: If I understand how you own your farm and residence, Steve, your home and farm is actually on one parcel. If that be the case, you would need to apply to divide the property so you can indeed sell the house separately. You would need to talk with the local...

Buying or Selling a Home: First Right of Refusal Letter, Timeshare, first
Timeshare, first, refusal: Hi Terry. Thank you for your question. How wonderful of you to share your time! Unfortunately, I m not sure why you re being asked to provide the letter. Naturally, each developer will have some variances in how they handle their business. As I understand...

Buying or Selling a Home: Lease-To-Own-Property, residential purchase agreement, residential lease agreement
residential purchase agreement, residential lease agreement, extensive real estate: First of all, Chris, if you are not a real estate agent or have extensive real estate knowledge, I strongly recommend you sit down with a REAL ESTATE attorney and put together what you are trying to accomplish. This is why: When you lease to own, both lessor...

Buying or Selling a Home: Sell or hold on, renting, second home
renting, second home, landlord: Hi- I get asked this question a lot by all sorts of folks. The answer depends on several factors. 1) Reason for moving 2) Financial means/ cash flow 3) Desire to be a landlord/capability to be a landlord 4) Long-term financial plans I ll go over...

Buying or Selling a Home: washer/dryer, jessica bryan, washer dryer
jessica bryan, washer dryer, caution: Hi David; I would err on the side of caution and go to the buyers to let them know your intention. Clearly, if you are replacing with a new set you should offer either a credit and allow the buyers to purchase something of their choice or let them know what...

Buying or Selling a Home: washer/dryer, contract, repair
contract, repair, purchase: Hi David. Thank you for your question. On the surface of a real estate contract my first inclination is to agree with you. However, if your original set is a higher end set, the buyers might argue that the contract would imply the set that is on the premises...

Buying or Selling a Home: Addition, 203k rehab loan, hot water heater
203k rehab loan, hot water heater, fence repair: Hi Michael, If you only bought your home about a year ago it is unlikely that you can sell it now and, taking into considerations the costs of buying and selling a home, it is unlikely that you can even break even. The market will improve at some point...

Buying or Selling a Home: Buying a house that is under a trust., real estate broker, art of negotiation
real estate broker, art of negotiation, trust members: You don t say if your Real Estate Rep of 30 years is a Realtor or real estate agent of any kind, Nesrin. If your rep is indeed a licensed real estate agent, according to the Code of Ethics for the Board of Realtors it is not ethical for another Realtor or...

Buying or Selling a Home: buying a new home, selling your home in maryland
selling your home in maryland: I don t know where you are located so your costs are going to be dependent upon where you live. You ll have your real estate costs as well as transfer charges to pay when you sell your current home. What I suggest is that you discuss your plans with a good...

Buying or Selling a Home: costs for a new home?, realtor fees, return clients
realtor fees, return clients, closing cost: Lisa - Very smart to get a big picture cost of moving up . Some thoughts: If you have only owned for a year, depending on your area, you may actually have a loss in value. The only way to know is to have a real estate professional that knows your...

Buying or Selling a Home: costs for a new home, realtor fees, closing costs
realtor fees, closing costs, bernstein: Hi Lisa, First of all, you do not pay the broker s fee when you purchase. That is paid by the seller and will only be paid by you on the sale of your existing house. Closing costs are not paid out of the loan, however you can request the seller pay closing...

Buying or Selling a Home: costs for a new house, CMA, equity
CMA, equity: Hi Lisa, Congratulations on your growing family! You say you have been in the house only a year so you really may not have any equity in it at all or less than your $40,000 you put in, depending on your local market when you account for your closing costs...

Buying or Selling a Home: Earnest money, jessica bryan, refundable deposit
jessica bryan, refundable deposit, money question: Hi Ralph; You re welcome. I wanted to clarify one other thing. Lenders often are a problem in a transaction and therefore we REALTORS often construct our offers to purchase or contracts very carefully to protect our clients from out of pocket expenses and...

Buying or Selling a Home: What is the easiest type of real estate to invest in for a newbie to get rental income?, buying homes in Ft. Meade area Maryland
buying homes in Ft. Meade area Maryland: I m not sure where in Maryland you live but within about a 20 minute radius of Ft. Meade, homes are renting like hotcakes. There is an influx of people coming into the area for DISSA, CyberCommand, and BRAC and many people who are coming from out of the area...

Buying or Selling a Home: How do I ensure my house measurements are correct?, price per square foot, square footage
price per square foot, square footage, governing body: Here in Florida the builders and realtors seem to misstate the homes dimensions frequently. Usually the stated size, square footage, is overstated so it appears you are getting a lower price per square foot. See if your town, county or whatever governing...

Buying or Selling a Home: escrow, disclosure forms, condition subject
disclosure forms, condition subject, money deposit: Dear Josh: An ernest money deposit has no reference or relationship to having a home inspection. It is strictly a deposit, refundable or nonrefundable according to contract law and the terms of your contract. Many states do not have - nor ever had - a...

Buying or Selling a Home: fees for a new home, realtor fees, hypothetical situation
realtor fees, hypothetical situation, closing costs: Starting a month after you closed your purchase and moved in you should have started to receive a monthly statement and coupon. The coupon is used to submit your monthly payment and the statement tells you how much you still owe on your mortgage. You actually...

Buying or Selling a Home: fees for selling and buying, realtor fees, mortgage lenders
realtor fees, mortgage lenders, rule of thumb: Hey, Lisa. The general rule of thumb is that you should stay in your home for 5-7 years in order not to lose money on it. Realtor fees are linked to the cost of the home. Closing costs generally are, too. I don t know what country you re in, but in...

Buying or Selling a Home: fees for selling and buying new home, buying, selling
buying, selling, moving up: Hi Lisa, Congratulations on the expanding family... the price you would get for your current home is all determined by the current market value in the area of the home. Adding amenity does not guarantee you will get more money for your home... Closing...

Buying or Selling a Home: home addition, 203k rehab loan, hot water heater
203k rehab loan, hot water heater, fence repair: Hi Michael; Your area is an older community meaning that there is a depreciating value in the homes and many require major updates. Since I haven t seen that area in about 15 yrs I don t know how much improvement has gone on. If you see properties being...

Buying or Selling a Home: Home Additions, buying, selling
buying, selling, moving up: Hi Michael, The eventual price of the home - standing with equity or underwater will all be determined at the time you sell.... Will that bath increase the pool ...depends when you sell ... What I can tell you is when the market turns around and...

Buying or Selling a Home: home buying costs, realtor fees, buyers agent
realtor fees, buyers agent, closing cost: Thank you for your question, I will try and answer for you. First the REALTORS fee will be paid by the seller of the other home, ie the new home if it is listed with a broker. If home is not listed you may or may not have a buyers agent agreement, if you...

Buying or Selling a Home: home buying fees, realtor commission, realtor fees
realtor commission, realtor fees, state income taxes: Hey Lisa, I have several questions for you before I m able to answer yours. First, which state do you live in? This will effect the costs associated with the transfer of real estate. Secondly, are you planning to sell your current home in order...

Buying or Selling a Home: Home selling, commercial, zoning
commercial, zoning, variance: Hello James - You would need to seek a commercial real estate agent to represent you. This person should be able to validate their experience selling land to the type of client you are seeking. You need to do nothing. If the buyer is interested in your land,...

Buying or Selling a Home: house buying costs, realtor fees, transaction costs
realtor fees, transaction costs, buying a house: In general, Realtor fees are out of the net of your house profit. You can roll over closing costs and put them in the new loan, but you re still paying them. Add in some moving fees and additional transaction costs, and it s 20K. My advice is to squeeze...

Buying or Selling a Home: new home, realtor fees, trustco
realtor fees, trustco, toyou: Hi Lisa, Thank you for your questions. The first thing you need to do is find out the current value of your home. So, you need to contact a Realtor and ask them to prepare a market evaluation. Then deduct the selling costs from the proceeds to determine...

Buying or Selling a Home: how much for a new home?, shoe string budget, real estate transactions
shoe string budget, real estate transactions, realtor fees: Hi Lisa, The sellers in real estate transactions are the only ones that pay Realtor fees. I.E.- you would hire a Broker to sell your current house and they would charge you (4-6%) of the sales price and that would include the commission to the buyers agent....

Buying or Selling a Home: new home costs, realtor fees, listed property
realtor fees, listed property, short answer: Hi Lisa, I apologize for the delay in answering your question. Real estate has had me very busy for the last month, and I seem to stay behind in answering all my email. Realtor fees for your next purchase of an MLS-listed home are most ALWAYS paid by...

Buying or Selling a Home: new home fees, las vegas real estate, las vegas homes
las vegas real estate, las vegas homes, buying a new home: Hi Lisa, Congratulations on the coming additions to your family! Are they on they way or are you just in the planning stages? LOL Do you intend to sell your current home and then buy another one? I don t know what the standard is for your area, but...

Buying or Selling a Home: new house cost, realtor fees, jessica bryan
realtor fees, jessica bryan, maximum cash: Hi Lisa; Realtor fees are paid out of the proceeds from the sale so not out of pocket. Then, when you buy a home your closing costs can be wrapped into the loan. Check with a lender to see what kind of programs you would qualify for that would give you maximum...

Buying or Selling a Home: new house costs, realtor fees, closing costs
realtor fees, closing costs, short time: Dear Lisa: Some of those costs depend on where you live. The best thing for you to do is contact a Realtor and have them give you an estimate of what your house will sell for and what your closing costs would be. Then you will know how much you have to...

Buying or Selling a Home: Your point of view, charlton sheets, current mindset
charlton sheets, current mindset, excellent credit score: Dear Sterling: I do not understand the plan of Chariton Sheets, but I have always been leery of investing my own money with novices who are trying to make money. If it is an unexplored territory for them, I feel I could always do as well or better. Sometimes,...

Buying or Selling a Home: Your point of view, charlton sheets, current mindset
charlton sheets, current mindset, jessica bryan: Dear Sterling; It has been years since I first took Carlton Sheets class and discovered his techniques. Let me say that I have NEVER come across anyone who made money using his methods. For many years it was because we were in a great economy and there...

Buying or Selling a Home: Your point of view, charlton sheets, current mindset
charlton sheets, current mindset, estate game: Good question. Any Real Estate shows, always make me laugh. I have been the business for 20+ years , and get this question all the time.Your best move would be get a license,get into the business, apply no less than 60 to 70 hours a week, and 10 hours at...

Buying or Selling a Home: Your point of view, charlton sheets, borrowing against your 401k
charlton sheets, borrowing against your 401k, current mindset: Hello Sterling and thank you for your question! I definitely believe the current housing market offers many opportunities to succeed in the real estate game . In many markets such as my own in NW Florida, there are increasing opportunities to purchase...

Buying or Selling a Home: Your point of view, charlton sheets, current mindset
charlton sheets, current mindset, dollars to donuts: I long ago dismissed what Charlton Sheets had to say with his investor s programs, Sterling. You have to realize that he is in the real estate investing business as applied via CDs and what used too be tapes. What he has to say can be done by almost anyone...

Buying or Selling a Home: Your point of view, investors, investor capital
investors, investor capital: Hi- You can t make money in real estate if you consider it a game. It s not a game. It s a serious business, with serious players, and if you lose sight of that, you ll lose your shirt. Using Banks money or other investors money or your own money...

Buying or Selling a Home: Your point of view, charlton sheets, current mindset
charlton sheets, current mindset, estate game: Hi Sterling, I am not familiar with Charlton Sheets’ plan, so I am unable to give you any answer regarding my thoughts about his method of making money in real estate. I have, over the years, heard of many plans for using others’ money to purchase investment...

Buying or Selling a Home: Your point of view, charlton sheets, current mindset
charlton sheets, current mindset, estate game: Hi Sterling, I honestly don t follow any of those infomercial type programs and don t know what they sell/offer. It is certainly possible to make money in real estate even in the down market. Surround yourself with people that know more about it than...

Buying or Selling a Home: Your point of view, charlton sheets, current mindset
charlton sheets, current mindset, estate game: I am not familiar with Charlton Sheets courses. In my 30 years of attending courses and classes, most of the time those benefit the person selling the tapes the most. Most of those you can gather 1 or 2 things that apply to your type of personality and can...

Buying or Selling a Home: Your point of view, charlton sheets, current mindset
charlton sheets, current mindset, deed in lieu of foreclosure: Dear Sterling, Thank you for your kind words and for your question. I looked up Carlton Sheets on Google and on Amazon. He will make money if you buy his books/tape sets, etc. The best way for an investor to make money in real estate is to buy low, sell...

Buying or Selling a Home: Your point of view, charlton sheets, current mindset
charlton sheets, current mindset, estate game: Gaining info from multiple sources is always a good idea when developing your business model/plan. Depending solely on one source likely isn t. You also should consider attending a local Real Estate investors meeting. See nationalreia.com for info. Have...

Buying or Selling a Home: Your point of view, investing in real estate
investing in real estate: I read though the Carlton Sheets plan and it inspired me to buy my first house 20 years ago. I am not familiar with what he is teaching now although I m sure he has had to adjust with the times. I think that as with anything, concepts can be simple but reality...

Buying or Selling a Home: Your point of view, charlton sheets, current mindset
charlton sheets, current mindset, carlton sheets: Hey, Sterling. My uncle used the very first Carlton Sheets, and I used it myself in the 80s. I have not read his system in 20 years so I do not know if he has updated it as times changed. Certainly it would be nearly impossible to use his 70s and 80s...

Buying or Selling a Home: question on house buying, realtor fees, capital gains tax
realtor fees, capital gains tax, fha loan: Hi Lisa Are you planning on selling your home you re in now? If so and you stay in your current home for two years you can keep all your capital gains tax free. You can then use that money to buy a new home. If you plan to sell then with Realtor fees and...

Buying or Selling a Home: question on new home, upgrading, moving up
upgrading, moving up, selling your home: Hello Lisa - Many people realize different needs soon after moving into a new home. The number of years in your home is irrelevant to the decision. The key issues will be the net proceeds on the sale of your current home, and qualifying for the mortgage...

Buying or Selling a Home: Quiet Title, title insurance company, real estate transactions
title insurance company, real estate transactions, company lawyers: Hi James, I don t think I entirely understand the situation. That said, if you are unhappy with your legal counsel, I would talk to others and find one that specializes in real estate matters and get their thoughts in your consultation. The counsel I...

Buying or Selling a Home: sf of our house on the official records may not be correct, appraisal service, material facts
appraisal service, material facts, square footage: Dear Pablo; Tax records very often do not reflect the true house measurements. There are several reasons for this. The original recorded plans can be smaller than the finished house; or the tax assessor has to go out and evaluate but doesn t have that ability...

Buying or Selling a Home: short sale purchase, false pretenses, real estate broker
false pretenses, real estate broker, georgia laws: Jimmy - First, let me say that I am a real estate broker in California and although I can speak generally about short sales, your agent is the best to answer questions regarding Georgia laws/rules/standards for how short sales are purchased. I do not...

Buying or Selling a Home: agreement outside of escrow, liens, membership
liens, membership, legal: Hello, Lori. I believe your question has to do more with what your legal grounds are, given you refer to the Purchase Agreement and the escrow papers. With that understanding, my recommendation is you seek legal counsel to read the documents. The least...

Buying or Selling a Home: Buying, non-permitted, unpermitted
non-permitted, unpermitted, room: Your question is a common one that no one will be able to answer with 100% certainty of the loan approval outcome if the room is unpermitted. The first steps you should take: * With the address or APN (Assessor s Parcel Number#in hand check this website:...

Buying or Selling a Home: buying home from parent, slip ups, better at night
slip ups, better at night, attorney fee: To make sure that there are no slip-ups, Michele, I strongly recommend you find a GOOD real estate attorney to provide all the documents and recordings that may be required in your state. For one reason if no other, you can never know if your mother-in-law...

Buying or Selling a Home: Capital Gain Tax On Second Home I Own, tax, 1031
tax, 1031, investment: Hello Richard - There are a number of methods to preserving your equity/proceeds however those strategies require knowledge provided by estate planning attorneys(A/B Trusts, beneficiary deeds, etc), 1031 Tax Exchange Intermediaries, CPA s, CFP s, etc to just...

Buying or Selling a Home: Escrow cancellation, earnest money deposit, escrow costs
earnest money deposit, escrow costs, small claims court: You first have to make sure you did not sign any documents that may have indicated that you have to pay any ccsts of the transactions other than what you alone contracted for. Then you go to the agent AND the escrow company and let them know you are expecting...

Buying or Selling a Home: No homeowners insurance, home insurance, for sale by owner
home insurance, for sale by owner, austin: Hi Julie, If you own the home outright and you sell to someone else then they have to get their own insurance. Since you are acting as the bank you will require in the contract for them to have the insurance. If they fail to get insurance you will have in...

Buying or Selling a Home: Looking to purchase a new home, buying, selling
buying, selling, short sales: Hi Nina, I know your market place has been hit very hard with down pricing... the decision is yours as to how you want to move forward... you currently owe $30,000 more than the home is worth, so you are in a position to do a short sale, and possible a...

Buying or Selling a Home: Selling deceased parents home., cracked tiles, deceased parents
cracked tiles, deceased parents, best possible price: Dear David; There is nothing wrong with getting the best possible price for a home by fixing it up a bit before selling it. It is ridiculous to throw money away and that is what your friend would be doing by selling a home As Is and letting someone else...

Buying or Selling a Home: was served a mediation letter, cancellation instructions, proof of delivery
cancellation instructions, proof of delivery, escrow: Hi Pete, Since I am not privy to the contract I really can t say whether the buyers have any standing. Your company s legal advisor is the best person to determine that. If you served the Notice to Perform according to contract and have proof of delivery...

Buying or Selling a Home: Showing a rented property, rentals, leases
rentals, leases, showing rented properties: Hi Susan, I don t what type of rental they are on? Is it a lease or month to month? If it was a lease, did you put in a clause for showing the house? What are your state laws on rental property? I m sure that under any circumstances, you will have to...

Buying or Selling a Home: Showing a rented property, rented property, lease agreement
rented property, lease agreement, good luck: You haven t told me what kind of lease you have with your tenants. You need to look over your original lease agreement with them and see what it says. I am not an attorney. So you may want to consult yours and see what he says. Good luck, Laurie ...

Buying or Selling a Home: Structural defects found after the inspection and appraisal, home insurance company, concrete pillars
home insurance company, concrete pillars, legal recourse: Hey, Amelia. The first thing you want to do is contact your home inspector and discuss the issue with him. I always take pictures of the exterior of the home so it would be fairly easy to see if the pillar was dislodged. I know about 9,000 home inspectors...

Buying or Selling a Home: underground oil tank, underground oil tank, realtor broker
underground oil tank, realtor broker, disclosure laws: Barbara, Good question. Personally I don t know the disclosure laws in your area, but the first thing I would check and see what was disclosed to you. 2nd,do you have anything in writing? I would contact the REALTOR,broker in charge at the real estate office...

Buying or Selling a Home: Want to buy my mothers house, but she still owe's on it!!, question question, good question
question question, good question, buying a home: Thank you good question. Question whats it worth. Has it been appraised? This home like all homes, you have a seller and buyer. Just because there is a mortgage on the home, does not stop you. The seller will need to clear mortgage fee simple to you, ie...

Buying or Selling a Home: Best option for quick sell, selling, updating
selling, updating, repairing: Hi Courtney. Thank you for the opportunity to answer your question. Unfortunately, without knowing the market in Raleigh, or the condition of the home, I will only be able to provide you some basic, general answers. I hope you understand. Nearly every...

Buying or Selling a Home: buying home, still married, divorce looming, community, land
community, land, divorce: Hi Kim. You have under-estimated how much you understand what is going on! You definitely have done your homework and are moving in a positive direction. My recommendation to you at this point would be to continue to have your own lawyer -IF- the lawyer...

Buying or Selling a Home: home construction, building home maryland
building home maryland: The square foot price will vary from builder to builder. I would get at least 3 estimates from reputable builders and you will get a very good idea of what the average will be. There is an online calculator that may be useful to you: http://www.buildingjournal.com/residential-estimating.html...

Buying or Selling a Home: New home lot, intentional misrepresentation, lingering questions
intentional misrepresentation, lingering questions, new contract: Hi Krystle, I am assuming you found out “after-the-fact” that this builder did not legally own the lot you contracted on. I am not separately licensed as an attorney, and I cannot give you legal advice. I am, however, giving you below my understanding...

Buying or Selling a Home: Pricing the house, oak cabinets, real estate professionals
oak cabinets, real estate professionals, olympia wa: Dear Pablo, Since you have already put your house on the market for $239,000 only time will tell whether you are right or the appraiser was right. I really can t respond to the expertise of the agent or the appraiser but it would seem that if your neighbor...

Buying or Selling a Home: real estate refi, trout fish, trout fishing
trout fish, trout fishing, retirement home: Hello MJ! Thanks so much for your question. Let me start off by saying that I am NOT a financial planner and am not licensed to provide financial advice. That being said, I m happy to provide my opinion based on my 11+ years in the real estate industry...

Buying or Selling a Home: REAL ESTATE SALE TO A RELATIVE, real estate sale, tax expert
real estate sale, tax expert, disservice: I strongly suggest you consult with a CPA or tax attorney, Pat, because you may be stepping into territory that the IRS will frown upon. The IRS will not allow easy payments and will input a fair rental rate and force you to reflect that in your tax return...

Buying or Selling a Home: RealEstate, short, foreclosure
short, foreclosure, deed: Hello Mr. Williams. Let s start with -- your concerns are valid ones. Allow me to summarize (as I will refer back to this#. At $356,000., the sum of your mortgage debt is about $100k over it s market value. The sum of your vehicle payments per month is $2100....

Buying or Selling a Home: Return of Escrow Money?, city business license, government scrutiny
city business license, government scrutiny, money to the bank: Hi Jan, Unfortunately what you are experiencing is not unusual with the banks. In light of the past years and the government scrutiny they are overly conservative and cautious...and asking for everything under the sun. Just make sure you request extensions...

Buying or Selling a Home: sellar can not close in time, buying homes in Ft. Meade area Maryland
buying homes in Ft. Meade area Maryland: It s really a shame when people are dishonest, as it can cause others so much grief. Your only real recourse would be to take the seller to court and ask the judge to reimburse you for your losses. You could always discuss this with an attorney and see what...

Buying or Selling a Home: Structural Damage Found After Closing, pest control inspections, home improvement projects
pest control inspections, home improvement projects, home inspector: Dear Kim: I do not have a copy of your transaction, any documents, et cetera, so I can only give you an off the cuff remark or two. When you had your home inspection, I feel certain that your inspector mentioned that the reason the attic was inspected...

Buying or Selling a Home: Title V Septic inspection, Title V
Title V: Hello- Your question is a legal question about real estate. Liability is very much an issue for lawyers. However: 1) If he says that the home never should have passed I d be interested to know why. It could be very possible that things are different...

Buying or Selling a Home: Withholding properties, Exclusive, Listing
Exclusive, Listing, Withholding: Hello Kat - A real estate agent must at all times operate with their clients best interest (NAR Code of Ethics Article 1). It is appropriate for the seller to give the agent instructions to take the home off the market, or delay putting the home in the multiple...

Buying or Selling a Home: Zillows, zillow, real estate broker
zillow, real estate broker, different market: In your local newspaper you may see a name in the real estate advertising that pops out at you, Pablo. Not once. Not twice, but several times. It would be most likely a name that seems to specialize in your price, your category property. Drive around your...

Buying or Selling a Home: Bathrooms question, bathroom works, bedroom bungalow
bathroom works, bedroom bungalow, jessica bryan: Hi Darlene; I understand why you would want to do this; but if I think of the times when two bathrooms are needed (because two people need to use the bathroom at the same time) it is more important to have that option than to have one large bathroom. When...

Buying or Selling a Home: Buying a property, quitclaim deed, claim deed
quitclaim deed, claim deed, buying a property: Dear Nicole, Thank you for your question. The short answer is yes. If you are legally married in a community property state, yes. You will need a quit claim deed making you (your trust) the only one on the deed or a disinterested spouse agreement to protect...

Buying or Selling a Home: to cancel a land contract, jessica bryan, land contract
jessica bryan, land contract, financial responsibilities: Dear Mary; when dealing with wording in a contract it is always important to discuss this with an attorney. You really cannot do this through a real estate agent or even get advice from a real estate agent since this is not about a sale but a transfer of...

Buying or Selling a Home: Choosing a home, fixer uppers, construction architecture
fixer uppers, construction architecture, plots of land: Dear Courtney: Please don t purchase a home at this point! First of all you have no idea what it is you want or need, and your mind keeps changing. I strongly advise against building a home due to those two facts, plus you know nothing about construction,...

Buying or Selling a Home: Deed Option, lease, option
lease, option, purchase: Hi Theresa. You re right. Puerto Rico is out of my area of expertise for any meaningful comment on the current housing market, or predicting it s possible long term investment possibility. For that, I would recommend contacting a real estate agent in the...

Buying or Selling a Home: dispute after closing escrow, escrow, close
escrow, close, short sale: Hello Popo. Thank you for the opportunity to answer your question, and it s a good one! Most importantly, you never want to ignore the bank or the escrow company s request . You will need to see these as demands. Let s break down what should happen...

Buying or Selling a Home: When is enough enough?, developer, construction
developer, construction, new: Hi Stephen. You are probably very frustrated right now! I feel bad for you...waiting for one s dream home to built can take a lot of finger drumming. Before you decide to walk away, you may want to consider, if you haven t already, what your options are...

Buying or Selling a Home: estate home, worldly possessions, local realtor
worldly possessions, local realtor, mortgage co: Hi Cynthia. I strongly do not believe the lender/s will circumvent all of the paperwork and procedures, many government required, in order to work this out with the family. However, if you can get a family member to dedicate the time it will take to get...

Buying or Selling a Home: evicting a renter after buying the house, landlord tenant laws, eviction proceedings
landlord tenant laws, eviction proceedings, valid lease: Dear Susan, Thank you for your question and congratulations on buying the house. The answer is it depends. If the tenant has a valid lease, and if you live in Los Angeles, you might have to pay a relocation fee. Or, if you plan to move in yourself, you...

Buying or Selling a Home: First time home buyer, buying, selling
buying, selling, inspections. repairs: Congratulation Brent... The old furnace they really work forever, I think if you can find an old plumber who understands the systems (not a new HVAC co who only wants to sell you new units) they will be able to fix that venting issue for very little......

Buying or Selling a Home: Illegal seller?, brother and sister, sister in law
brother and sister, sister in law, estate experience: Hi Danielle, I see that you are writing from Sheffield in the UK. You did not say whether or not the subject property is in the US or the UK, but my answer below applies to the United States and may not apply to laws of the UK. I am not familiar with...

Buying or Selling a Home: Investor and a quit-claim deed, running the other way, claim deed
running the other way, claim deed, negotiating power: You are correct, Rose. And this is why you should keep your distance from this guy: He is either going to buy your house as an investment, or he is going to buy the note on your house. There is no point in doing both. If he buys your house, then fine, you...

Buying or Selling a Home: Lien on Property, lien holder, first mortgage
lien holder, first mortgage, promissory note: When property sells, Holly, the title company, in the course of closing the transaction successfully, makes sure that all liens are released and paid off. Like you said, the first mortgage gets paid first (after any local taxes that may be outstanding). Then...

Buying or Selling a Home: looking to help my parents, massive heart attack, real estate seminar
massive heart attack, real estate seminar, real estate broker license: First, Amy, I need to apologize for not getting back to you before this. I ordinarily respond in a much shorter time, but yesterday I was at a day-long real estate seminar that was out of town. So, let s see if I can help you here. You must talk to the...

Buying or Selling a Home: oncealed damage, legal recourse, material defects
legal recourse, material defects, wood floors: Hey Tony, Sorry it has taken me a bit longer to get to this question... Not sure what Ohio law says, but in Florida the holes in the drywall would be considered a cosmetic item so you wouldn t have any recourse there. It could be argued that the flooring...

Buying or Selling a Home: Reverse Mortgage to Purchase, reverse mortgage, loan documents
reverse mortgage, loan documents, real estate agent: Was this a reverse mortgage? Does your contract say to be out by a certain date or 3 days after closing? You will have to abide by the contract, but if it doesn t say that you pay for extra days you shouldn t have to. If they haven t collected the money already,...

Buying or Selling a Home: Sell It Myself?, suburb of los angeles, good neighborhood
suburb of los angeles, good neighborhood, dear mike: Dear Mike; While I never advocate trying to sell a home by yourself since there are so many things that can go wrong; security issues; time and stress; I can sometimes see the necessity when you do not have any money to pay commissions. (We all do what we...

Buying or Selling a Home: Should I Sell Now?, buy, sell
buy, sell, rent: Hi Michael, I pray for 2014 but I m more in line to 2015... and then only a very very very slow recovery, no huge % gains like we saw from 1999-2006 that will most likely not happen again at least in my life time... back to steady as it goes..5-8% Sit...

Buying or Selling a Home: To Sell or Not To Sell, suburb of los angeles, hi mike
suburb of los angeles, hi mike, influx: Hi Mike, No one can really tell you for sure what the future will bring but it is my opinion that we may have 1-2 more years of foreclosures and short sales before the market starts normalizing. Right now there is a shortage of inventory but I believe...

Buying or Selling a Home: Sellers disclosure false information, escrow, deposit
escrow, deposit, contingency: Hello Nishi. :) As you have most likely already surmised, this is not good news. However, it -could- still work out. These are the steps I would recommend: * Have your Realtor speak with the listing agent and see if the sellers are intending on keeping...

Buying or Selling a Home: Termite damage issue, wooden pieces, termite damage
wooden pieces, termite damage, initial inspection: Yikes! So sorry to hear you re having this awful experience. You are right to insist on having a report showing what repairs were made. Depending on the contract used in the transaction, you have that right under law to make sure they were done by an...

Buying or Selling a Home: Buying a home from my parents, family purchase interest payment
family purchase interest payment : Hi Joe. I applaud you on your well thought-out questions! These are all issues one must take into consideration. On one hand you can be thankful it is a family oriented transaction, as it will give you and your parents a lot of leeway. On the other hand,...

Buying or Selling a Home: Buying a short sale, board of realtors, local board
board of realtors, local board, licensed real estate: You have to realize, Michelle, that 8 out of 10 real estate agents are either incompentent or mediocre at best. It s the old 20% rule—only 2 out of 10, in any profession, do a competitive job. So, if you go to the local Board of Realtors, you ll probably come...

Buying or Selling a Home: closing a trust sale, long journey, califoria
long journey, califoria, living trust: If you have doubt of the veracity of the attorney, Bob, I would recommend you consult with another knowledgeable ESTATE attorney. Their might be a reason for him telling you this. Maybe it is written in your father s will that way. I do wish you well. Dick...

Buying or Selling a Home: cloud on title, real estate broker, quiet title
real estate broker, quiet title, time is of the essence: Since it requires a judge to release a cloud, yes, you need to get yourself a GOOD real estate attorney . . . unless you know what you are doing in a court of law, Sharon. Is that fast enough? I do wish you well. Dick Dennis California Real Estate Broker...

Buying or Selling a Home: esrow for lien, escrow companies, first house
escrow companies, first house, judgements: Did you receive a Preliminary Title Report during escrow? That will show both the Title Company and Title Officer. If your realtor doesn t know have her check with her manager. The real estate company probably has someone they can get legal advice from...

Buying or Selling a Home: Buying a short sale, motivator, guilt
Buying or Selling a Home: Buying a short sale, motivator, guilt, good luck

Buying or Selling a Home: General Question, yearly income, filing for disability
yearly income, filing for disability, house for rent: Hi Sammie, Contact a local lender and find out if you can qualify for a loan. If you can t you have your answer. If you can qualify this would be a wonderful time while the market is down to purchase your first home. It is unlikely that your fiance will...

Buying or Selling a Home: lease option to buy, several thousand dollars, eviction notice
several thousand dollars, eviction notice, lease option: Issue him an eviction notice and go see a lawyer, preferably the lawyer who drafted all this paperwork in the 1st place. Consider selling the house at auction when this is all done, worked for me and I got more that when I had it listed in MLS. Best, Te...

Buying or Selling a Home: Purchased house and found bat Infestation, bats in the house, pie tins
bats in the house, pie tins, complete cleanup: First of all, Christina, you will have to do the complete cleanup yourself by having a pest control company take care of it. But before you do that, advise the Realtor and the former owner you are going to spend the money to have it done AND THEN you are going...

Buying or Selling a Home: Quit claim vs short sale on a foreclosed property, brooklyn bridge, property question
brooklyn bridge, property question, warranty deed: As long as the state has erased those foreclosures, Erich, yes, it would seem you could buy the property from the former owner (as long as he ACTUALLY HAS TITLE). Then, yes, you could buy it via short sale and Freddie Mac would have to approve that. Further,...

Buying or Selling a Home: Quit Deed Claim with Lien, lightning strike, lengthy delay
lightning strike, lengthy delay, last decade: Hi Frank, I apologize for the unusual lengthy delay. All Experts informed me they had notified you of my computer problem, a lightning strike which penetrated my surge protector. My computer is still not back from the shop, and I am using a friend s computer...

Buying or Selling a Home: short sale, divorce, short sale
divorce, short sale, foreclosure: Hi Ann. Sorry to read of your troubles. This is definitely a stressful time for you and your family...And, Unfortunately, from what you are writing, your to-be ex is not being as cooperative as one might hope. If you do not already know these things,...

Buying or Selling a Home: signed contract, fiduciary, duty
fiduciary, duty, representation: Hello Dave - If you already signed the contract then the other party cannot introduce another document after the fact. If the contract has not been signed by you, yet, then any additional documentation should be taken into consideration however if there are...

Buying or Selling a Home: affordability, debt to income, mortgage
debt to income, mortgage, affordability: Hello again, Zack. Thank you for your follow-up question. Unfortunately, I cannot answer it specifically without specific information. How much you can afford will depend on your debt to income ratio outlined in the first response. As a recap, these are...

Buying or Selling a Home: Bottom Line Price, fresh paint, dfw area
fresh paint, dfw area, square footage: What you really need to do, Shannon, is to find yourself a GOOD DFW Realtor who knows where the better school districts are. That is where you should start first because of your kids. From there that agent should be able to find that certain house for you....

Buying or Selling a Home: buying a house without title, jessica bryan, san antonio texas
jessica bryan, san antonio texas, title insurance: Hi Josh; If someone is selling a house, they must have authorization to sell (meaning that they are the owners and have title; otherwise the home will not be legally yours if you buy it. I would contact the real estate agent who has the home listed and ask...

Buying or Selling a Home: Buying a short sale house - Purchase agreement question, short sale, deposit
short sale, deposit, earnest money with a short sale: Bala, In a traditional sale, the earnest money deposit is placed into escrow within a contractually designated period (3 days customary for California)upon confirmation of acceptance of the offer by the seller. However, in a short sale, because of the...

Buying or Selling a Home: Disclosure of Aluminum Wiring, copper pennies, property condition disclosure statement
copper pennies, property condition disclosure statement, conductor of electricity: Hello Stan, Thank you for your question. I once (1993) sold a house to a young couple that had aluminum wiring. The home inspector discovered it during the inspection of the breaker box. He said it was used during the Vietnam War to allow the copper...

Buying or Selling a Home: Equity, using equity, owning a home
using equity, owning a home, home ownership: Hi James, I am not aware of there being any way to build equity as a renter. The reason many people lost their homes in this last recession is they used their equity as a credit card and went prices dropped they owed more than the property was worth and...

Buying or Selling a Home: First Time Home Buyers, time home buyers, first time home buyers
time home buyers, first time home buyers, bank lender: You re going to have to provide a credit report before you go looking for homes, Roseanne, no matter who is the person who has the better credit. And since you ll need to talk with a mortgage broker or bank lender agent anyway, you should ask all those questions...

Buying or Selling a Home: Letter from Real Estate Agent, louisiana state university, wedding on the way
louisiana state university, wedding on the way, san diego state university: Hey, Amy. If you want to sell your house, it s not actually necessary to list it per sé. Be careful about that because most Realtors who do what this one seems to be doing are simply looking for a listing. When they sign a listing agreement with you, the...

Buying or Selling a Home: Listing Price, fresh paint, dfw area
fresh paint, dfw area, square footage: That is what Realtors do very well. We are on top of the market and have all the current information in our MLS. I would do that for any of my clients, but would have to charge for the service. The service is included in our fee when we list a home. ...

Buying or Selling a Home: occupancy clause, deed of trust, repercussions
deed of trust, repercussions, 13 years: Hi TB, The fact that you purchased the home 13 years ago it is highly unlikely that there will be any repercussions after all this time. My recommendation would be to do nothing and consider re-financing if a problem should arise (which I highly doubt)....

Buying or Selling a Home: Previous foundation repair disclosure, or lack thereof., Attorney, fees
Attorney, fees, recovery: Sounds like you re further along down this trail than I had thought. My apologies, my answer must have been pretty boring and somewhat useless. :). The upside is, the situation doesn t sound as bad at this point. Whew... To answer your question, I have...

Buying or Selling a Home: problems after purchase, brian missouri, kc area
brian missouri, kc area, laundry room: Hey, Brian. Missouri has some interesting laws relating to real estate, and they are not always in your favor. The best thing you can do at this point is contact a good real estate attorney there. Most of them give you a 30-60 minutes free consultation....

Buying or Selling a Home: Seller Disclosure issue, buying homes in Ft. Meade area Maryland, selling your home in maryland
buying homes in Ft. Meade area Maryland, selling your home in maryland: It certainly sounds like you may have a claim against the owner and I would suggest that you get legal advice and do it quickly. I don t know what the statute of limitations would be but you are talking about 2 years ago already and I believe some things...

Buying or Selling a Home: sold back tax home, benton county mo, title company
benton county mo, title company, aol: As far as I can see, Joe, you shouldn t have to worry about it. The title company should have notified all persons and entities of the change of title when you bought it through tax foreclosure. If they failed to pick up on that, it is their problem. If it...

Buying or Selling a Home: Apartment advice, renting home in Elkridge Maryland
renting home in Elkridge Maryland: Hi Glen, This question is really out of my area of expertise because I do not work with apartments. I do help a lot of military folks relocate into condos, townhouses or single family homes but with apartments you deal directly with the management company...

Buying or Selling a Home: breach of lease agreement by landlord/ eviction notice, Landlord/Tenant Act, tenant
Landlord/Tenant Act, tenant, rights: Hello Michael - First, check with your state s Landlord Tenant Act to learn more about your rights and the landlord d responsibilities. Contract laws bind the parties to the terms of the contract and only with mutual consent of all parties may the terms and...

Buying or Selling a Home: buying property, getting personal loan, car repo, blank slate
car repo, blank slate, local realtor: Glad to be able to help you, Anna, but I have no idea what your question is. Based on what I THINK you are asking, I would suggest you contact a GOOD, LOCAL Realtor and let that person guide you on what you would like to do. I wish you well. Dick Dennis...

Buying or Selling a Home: Condo Website, buying a condo in maryland
buying a condo in maryland: I can try to help you with this. If you message me with your information (webberteam@aol.com) and the condo management information, I can contact them and tell them I m your agent and see if they will give me access. What information do you need from the...

Buying or Selling a Home: Delaying Closing With Payments, sluggish market, incentive scheme
sluggish market, incentive scheme, first mortgage: This is the way I would handle it, Chris: To secure his deposit for buying your property, I would have you demand that the buyer create a second mortgage to be recorded against the buyer s property immediately, assuming he has only a first mortgage or less...

Buying or Selling a Home: Home purchase, las vegas, real estate
las vegas, real estate, homes: Hi Heather, I know what you mean about losing out to cash investor offers! We have the exact same problem here in Las Vegas. So many of our owner/occupant buyers that need loans are opting to buy new homes. But because you are asking about potential...

Buying or Selling a Home: Homeowners refusing right to enter to appraiser, Contingency, purchase
Contingency, purchase, appraisal: Hi Katie. I missed that you had waived your appraisal contingency already. If you had not, you would have the right to inspect and appraise as much as you needed--within limits of the dates and what is humanly reasonable, regardless of not having an appraisal...

Buying or Selling a Home: Land Trust? In north carolina, Lease Option, Lease purchase
Lease Option, Lease purchase, wrap: Hello Ceno - A lease-purchase, lease-option, exclusive land contract are all acceptable options. From your perspective you need to consider what your short and long-term objectives are? Would it make sense to search for a property that has similar cash flow...

Buying or Selling a Home: right to purchase home, kingsville texas, tenant laws
kingsville texas, tenant laws, twin sister: Hey, Brenda. I am not familiar with the real estate, rental, and tenant laws in South Carolina, but generally you don t even need a form per sé. Just let them know in writing that they have the right of first purchase and give them a drop-dead date. In...

Buying or Selling a Home: selling a home with remediated sinkhole, professional realtor, north central florida
professional realtor, north central florida, getting insurance: Hey Cliff, So sorry you had this trouble! However, I m glad to hear you have it remedied the sinkhole and can show proof of that. The best thing is to be up front about everything (Florida law requires disclosure) and be ready to counter every objection....

Buying or Selling a Home: selling price for my home, public thanks, best bet
public thanks, best bet, comps: Hi Peg, Your best bet would be to talk to a real estate in your area. They should have access to all that information. Hope that helps. I am not sure if your state showing sales records. Here in Texas they do not so the sales prices are hidden from the...

Buying or Selling a Home: Sewer vs. Septic, unincorporated land, septic field
unincorporated land, septic field, sewer services: Dear Charles; Often, in rural settings; there are many homes that are on septic systems and it is quite acceptable. However, when most homes in the area are on sewer and one or two are not there are reasons for that. They may be too far from the sewer lines...

Buying or Selling a Home: Back-Taxes, palm beach county, mortgage holder
palm beach county, mortgage holder, property deed: If your mother is still alive, Pat, you may pay the taxes for her and she will remain the owner of the property as it was before. However, it depends on how she owned the property with her sister as to how she will own the property. You will have to talk to...

Buying or Selling a Home: building an addition, creating contract to build addition, adding on to home
creating contract to build addition, adding on to home: When you first made these plans did you specifically discuss who was going to pay for the architect? You could ask Party B to pay for the plans but Party B s response is likely to be something like you know I won t have any benefit from this addition now...

Buying or Selling a Home: Buying out my share of the house, ownaustin.com
ownaustin.com: Hi John, I would look at both the market value of the home and the assessment value of the home and then both of you can decide which number to agree on. Not sure how it is by you, but down by me,in the Austin Texas area, the assessment value is usually...

Buying or Selling a Home: buying short sale square footage very wrong, Short-sale, house size
Short-sale, house size, square footage: It depends on what your goals are. If your goal is to find a house you like at a good value, then you are all set. You like the house, and the appraisal supports what you paid. If your goal is to buy a 3,300 sq foot house, than you should buy something...

Buying or Selling a Home: change/ammended contract, attorney, error
attorney, error, addendum: Hi Gina. There are some real concerns here. There are some simple answers and some not so simple ones. Please keep in mind I am not an attorney and cannot give you legal advice. I can only give you the benefit of my experience as a Realtor. These are...

Buying or Selling a Home: Failure to disclose, maryland home inspection, purchasing home in Maryland
maryland home inspection, purchasing home in Maryland: I m so sorry this happened to you! First I need to tell you that I am not an attorney and cannot give you legal advice. I think that this may fall under that category but I will give you my opinion as far as how I would move forward if I had this happen...

Buying or Selling a Home: First time Offer, buying homes in Ft. Meade area Maryland, selling your home in maryland
buying homes in Ft. Meade area Maryland, selling your home in maryland, offer for home purchase: Hi Tabitha, You re in a position now where I would look for a Realtor who works in your area. What you need is a buyer s agent to help guide you through the process. Realtors work their markets day in and day out and know all of the details from neighborhood...

Buying or Selling a Home: floor, wall carpet, wood floor
wall carpet, wood floor, wall to wall: Hi Jackie, Thank you for your question. If a home seller has knowledge of a defect and hides it they would be liable for it. If you had wall to wall carpet and the floor had been damaged under the carpet by water or whatever and you did not know about...

Buying or Selling a Home: Landlord selling house, jessica bryan, nassau county
jessica bryan, nassau county, new appliances: Dear Angela; Since you do not have a written lease there is nothing that requires that you let anyone into the home because you did not agree (by contract) to do so. (Of course there is also nothing that keeps the landlord from evicting you either if you...

Buying or Selling a Home: property boundary, chris lol, property boundary
chris lol, property boundary, rule of thumb: Simple? Quickly? You re pretty demanding, Chris!........lol Unfortunately, there s not. I know what you mean by gobbledigook. That s pretty much what it is to the average person like you and me. Sometimes you can find a corner marker if you know...

Buying or Selling a Home: Repair problem with seller, board of realtors, dry rot
board of realtors, dry rot, local board: You certainly can, Gina, if that is what you want. If not the agent may lose his/her license. If you have already closed the transaction, then contact a good, local REAL ESTATE attorney and sue the shoes off the agent. However, you may have to take the matter...

Buying or Selling a Home: Seller Closing Costs, selling, selling costs
selling, selling costs, closing fees: Hi, If you are paying the standard fees commonly called usual and customary, you can add 1.1% to the commission (5% + 1.1% = 6.1%) in total closing costs. This does not include any termite, buyer paid closing concessions or repair concession you may have...

Buying or Selling a Home: short sales, unexpected medical bills, mortgage payments
unexpected medical bills, mortgage payments, legitimate reasons: Hey, Jody. If you can wait it out and sell in a better market, that would be the thing to do. In some cases you can rent it at a loss and take the loss as a tax deduction. Check with your CPA or tax consultant. Good luck with everything, and congratulations...

Buying or Selling a Home: Bidding on Hot Property, catbird seat, loan qualification
catbird seat, loan qualification, gmail: The seller, no matter who or what it is, Mitch, is sitting in the catbird seat and if he/they even smell a bunch of bids coming in or likely to come in, he/they are just going to sit back and decide which offer they are going to take. And they don t have to...

Buying or Selling a Home: buyer protection, option period, buyer protection
option period, buyer protection, earnest money: Your rights should be spelled out in your contract. Did you use a Realtor? Your Realtor can explain those to you. Normally the option period for repairs takes care of that issue. If you still want to purchase the home, you need to have in writing what the...

Buying or Selling a Home: Buying our first home, due diligence, pocket expenses
due diligence, pocket expenses, downside: Hi Vanessa, I don t see any downside from buying from family members as long as everyone agrees to a price that both sides are happy with and you do all your due diligence up front including all inspections. Many times people purchase below market value...

Buying or Selling a Home: Buying a Home with Poor Credit, fha loans, buying a home with poor credit
fha loans, buying a home with poor credit, credit score: Hi Danille! Well congratulations on taking the first steps to home ownership! Don t get too discouraged. The ability to obtain financing is credit score driven and you need to save up 3-3.5% of the purchase price for a down payment. There are a couple...

Buying or Selling a Home: closing on a home sale., target date, club dues
target date, club dues, real estate taxes: Hello Harvey, Thank you for your questions. In New York the contract makes a target date for closing as on or about and then there is supposed to be a 30 day window during which the closing should take place. Quite often the seller or the buyer...

Buying or Selling a Home: Cooperatives, co-op, valuation
co-op, valuation, finacials: Randy: Let me ask you a question. I happen to be shopping for a car. The lease payment is $350. Is it a good deal? I bet you re thinking, well how can I answer that question? He doesn t even tell me what kind of car he s buying. Your question...

Buying or Selling a Home: Cooperatives, location location location, cooperatives
location location location, cooperatives, comparables: It doesn t sound like it, Randy, but there is no way I can offer you a sensible reply without knowing what the market is for that property. What are the comparables? They will give you an idea as to the value. Where is it located? Is it in New York? China?...

Buying or Selling a Home: Cooperatives, income tax return, local realtor
income tax return, local realtor, rule of thumb: Hi Randy, Thank you for your questions. Again on the surface it sounds high, but I do not know the surroundings. Are neighboring complexes similar in cost? You should ask a local Realtor for help in making this decision. If you are buying from...

Buying or Selling a Home: Home Taxation- Lease/Purchase, lease purchase agreement, option period
lease purchase agreement, option period, lease payments: To do a lease/purchase correctly, Russ, and without incurring unwanted taxes, you really should put that transaction into three documents: 1. An option because that is what you are actually giving the buyer. Mind you, it s his option to buy and if he should...

Buying or Selling a Home: Obligations of seller to make modifications, old furnace, delivery records
old furnace, delivery records, inspection period: Sorry my response is late but I am on vacation. It is usually the buyer who pays for any and ll inspections. If this is the way your own contract is written, then it is the buyer who should hire the specialist. Buyers are entitled to get whatever buyers...

Buying or Selling a Home: Taxation: Lease/Purchase on Home, Tax, house
Tax, house, lease: Hi Russ. Thank you for your question. It s a good one to be asking! Unfortunately, due to my ethical boundaries as a Realtor, I am not able to answer this for you. We are directed to suggest you seek the advice of a qualified tax professional. However,...

Buying or Selling a Home: Taxation- Re: Lease/Purchase, lease purchase agreement, jessica bryan
lease purchase agreement, jessica bryan, lease payments: Hi Russ; Your question is one that should probably be answered by your accountant. However, I would like to say; since you have an lease to own agreement it is like a deferred closing which means that you do not have a sale yet. I don t know what the individual...

Buying or Selling a Home: First home buying
Hey, Jared. There are issues with every house, even newly built houses, and there is always someone willing to buy a house with unpermitted work. The issue with unpermitted work is that the city, in a worst case scenario, can require you to undo the work...

Buying or Selling a Home: mom of 7, negotiating, real estate
negotiating, real estate, offer: Hi Jamie - In most states the offer does not become a contract until all parties have signed. An offer is considered just that, an offer which the seller may accept, reject or counter. In some states if a buyer submits an offer for the asking price the seller...

Buying or Selling a Home: Novice investors, flip houses, flipping houses
flip houses, flipping houses: Hello- If you have fear of the unknown, that s probably healthy and smart. In the beginning, sacrifice profits for knowledge. A) Start working with a real estate agent who can help with flipping. NOT ALL AGENTS CAN HELP YOU. Find one that can:...

Buying or Selling a Home: used mobile home, mobile home, purchase
mobile home, purchase, contract: Hi Sarah. Your question/s are good ones regardless of what the purchase is, mobile home, condo/townhome, single family home or manufactured home. Ultimately, the answers come down to three things: * What does your contract allow for? * Is the price fair...

Buying or Selling a Home: Buying a home - negotiation, buying, selling
buying, selling, renting back: I found it interesting the article starts with With the Real Estate Market in a Slump ... not in most areas, we have now been on the uptick for a few years, and gained considerable equity in the marketplace. So to think that sellers are desperate is not...

Buying or Selling a Home: Buying a home via short sale, short sale, agent
short sale, agent, lender: Hi Andrew. Thank you for your very good question! Waiting on the lender to make a decision can be stressful to begin with. Then to get what one would consider to be bad news is even more disheartening. I m sorry to read it s working out this way for you...The...

Buying or Selling a Home: Fiduciary failure?
A real estate agent cannot strong-arm you into accepting a transaction, Jill. Technically, you do not have to accept ANY offer whether it is your price or not. You would simply have to pay the listing agent (providing you are listed with an agent)his/her commission...

Buying or Selling a Home: Life estate
Hi Gary, Sorry for the delay in answering your question. We had a death in the family. I believe it is possible to sell your interest in a life estate, depending on whether or not allowed by the legal instrument establishing the life estate; and whether...

Buying or Selling a Home: Seller responsibility
Hey, Nikki. Generally the Seller does have a responsibility to be truthful. If you have witnesses to the Seller s representation that the electric service was 200 amps, then you probably have a good case. The problem on your end, though, is how much money...

Buying or Selling a Home: Selling a rental home with depreciation, deceased, beneficiaries
deceased, beneficiaries, property: Hello Becky - The issue here is that when you take depreciation you postpone paying tax on the depreciated amount, which catches up to you when you sell, along with the capital gains tax. I recommend talking to estate planing and 1031 tax exchange professionals....

Buying or Selling a Home: sold my house, job, move
job, move, house: Hi Mike. Congratulations on your new job! Sorry to read your new house hunt is not going well. Hopefully, you have enlisted a Realtor and are not winging-it ... Please note: I am a Realtor and not a tax professional. I recommend professional assistance...

Buying or Selling a Home: Discloure
Hi- Any listing/re-listing strategy should be discussed with your local agent. There are different pluses and minuses and the strategy that they take will depend on what they think would be most effective for your condo, local market, and current buying...

Buying or Selling a Home: Mortgage & Annual Salary, buying
buying: Hi Ken, Your best option is to speak directly with a mortgage broker. They can go through the qualifications and different loan programs that are available to you. It is more complicated than simply income... they look at debt, FICO, job stability etc......

Buying or Selling a Home: multi-family property in neighboring state, LLC, Dual Entity
LLC, Dual Entity, Investment Strategy: For investors choosing to use the dual entity strategy we generally advise establishing the LLC of the operating company in the state it operates and establishing a Nevada LLC that has elected corporate taxation for the holding company and make this Nevada...

Buying or Selling a Home: Abstract Deed, real estate transactions, county register of deeds
real estate transactions, county register of deeds, register of deeds: Hello Sir, very good question. My first thought is, was anything in writing, i.e. an Offer to Purchase and Contract? In real estate transactions, the seller conveys a new deed, drafted by an Attorney, the seller then signs the new deed in front of...

Buying or Selling a Home: Buy vs lease-to-own, first time buyer, school loans
first time buyer, school loans, office job: Lease-to-own transactions can be fairly tricky, CJ. And there is nothing wrong with them as long as all parties are in agreement and the buyer/tenant completes his/her part. I presume the company you almost did a lease-to-own with is in the business of buying...

Buying or Selling a Home: Buy vs. Rent-to-own, lease, own
lease, own, scam: Hello CJ. You did a great job of writing a synopsis of your situation! I am not familiar with your area as I am a Realtor in Silicon Valley in California. So, I cannot speak to pricing, market value or suggest any addition non-traditional options. These...

Buying or Selling a Home: buying a house, jessica bryan, rustomjee builders
jessica bryan, rustomjee builders, global city: Dear Fermina; I do not know how real estate works in other parts of the world but can tell you in America this was a practice that was popular in the late 80 s and early 90 s before developers got wise to it and stopped it from happening. If you want to...

Buying or Selling a Home: Canadian resident - (wife American/perm. res. of Canada right now) want to move/buy in US, perm res, resident wife
perm res, resident wife, washington state bank: Try this idea, Barbara: Since you live so close to Washington state, why don t you approach a Washington state bank and tell them what you are trying to accomplish. I have seen where the proximity of business to another country s border makes the possibility...

Buying or Selling a Home: closing, bobbitt, real estate agent
bobbitt, real estate agent, hud: Hello, thank you for your question. Yes , that is in NC. My suggestion is speak with the closing Attorney prior to the closing and let them know you will not be attending. In NC, most times the sellers sign all docs before and the real estate agent goes...

Buying or Selling a Home: disclosures, disclosures
disclosures: I am sorry to hear the home is causing you health issues. Have you contacted a furnace specialist to see if anything can be improved to reduce the fumes? If it can t be improved the best advice is to consult with a real estate attorney. Since you have...

Buying or Selling a Home: Buy vs. Rent-to-own, thoughtful person
Buying or Selling a Home: Buy vs. Rent-to-own, thoughtful person

Buying or Selling a Home: Faulty plumbing, home inspections maryland
home inspections maryland: Hi Alice, I m not sure how the plumbing has completely failed without warning in such a short period of time. Are they polybutylene pipes? There is a type of piping that was used years ago that is a plastic product that has a tendency to fail at the connections...

Buying or Selling a Home: mobile home, mobile home question, mobile home park
mobile home question, mobile home park, rental basis: Scammers don t care in what condition you are. If they see a chance to fraud someone they will do it. It s the money they got their eyes on and they will say ANYTHING that will make you give it to them. If it were me (it wouldn t have happened in the first...

Buying or Selling a Home: Purchase with non-finalized permits, pvc pipe, real estate sale
pvc pipe, real estate sale, electrical fire: You resell that house at your risk, Daniel. The house was sold to you as a fraud and now you want to reproduce that fraud and hope the buyer doesn t take the matter to the attorney general (like you should have done). Obviously, Virginia is rather lax with...

Buying or Selling a Home: Query on Rentals, rental properties, discrimination
rental properties, discrimination, rental managers: Hi S. Mahabir, 1. That depends on the state that you are in. I don t know about Florida. Also it is probably going to cost you to do screening and background checks. 2. No, only a real estate agent who belongs to the MLS can list on it. 3. You can screen...

Buying or Selling a Home: Quickdeed on city tax house, Home, taxes
Home, taxes, quit: Hello Cassandra. Thank you for your question. You are definitely on the right track to ensuring you have your new home free and clear of any title issues. Please note I am not familiar with the specific procedures in North Dakota. And, I don t know if...

Buying or Selling a Home: Real Estate Investing help please, buying, selling
buying, selling, investing: Hi Randy, You need to seek the advise of a mortgage broker and see what loans are available for you... the market is tight, but with good credit, income and savings you should be able to get a loan to buy another income property... On the Corp or LLC...

Buying or Selling a Home: Ref: question, assessment number, hall of records
assessment number, hall of records, county recorder: Each county is slightly different, S. But not by much. You may go down to the county hall of records, or county recorder or maybe even online by calling up your county s recorder. They will ask you for your property s assessment number (or similar) and they...

Buying or Selling a Home: Refinancing of our home, greentree mortgage, mortgage servicer
greentree mortgage, mortgage servicer, due feb: Yes, Jack. Just make sure it is a real estate attorney, one that specializes in real estate. Based on how you presented your case, Jack, I get the impression Greentree apparently made a mistake of some kind and they are trying to recover it by harassing you....

Buying or Selling a Home: Rent-to-own vs buying, rent-to-own, purchase a house
rent-to-own, purchase a house: Hello- I can t really answer your question, but these are things that you need to consider. 1) What mortgage/what rate do you qualify for? There are lots of great mortgage programs. Having a good mortgage officer review everyone s credit and income...

Buying or Selling a Home: Require to give home inspector to listing agent after cancel RPA?, residential purchase agreement, disclosure requirements
residential purchase agreement, disclosure requirements, logical reason: Hi Christy. Please ask your Realtor to call the California Association of Realtors Legal Dept. As part of dues this service is free. An attorney will give your Realtor the definitive answer as to whether or not you have an absolute legal obligation. ...

Buying or Selling a Home: Sale of home to relative., certified public accountant, capital gain tax
certified public accountant, capital gain tax, local realtor: The IRS would probably call it a sham sale, Jim (most intra-family sales usually are). And the IRS would frown upon that idea. What did you pay for the house way-back-when? Maybe after you sell it now the price you get for it would not be enough to be classified...

Buying or Selling a Home: selling house in california, hot water heater, www irs gov
hot water heater, www irs gov, giving you the benefit: Hi Mike, I am first qualifying my answer by informing you that I am not an accountant or CPA and cannot give accounting advice. You should check with an accountant or CPA for accurate, up-to-date information. I am, however, giving you the benefit of my...

Buying or Selling a Home: V.A. home loans, jessica bryan, mary carson
jessica bryan, mary carson, google: Hello Joe and Mary; VA assisted loans do require going through the government agency. However; there are several local lenders who can discuss this with you. I would suggest that you speak with a lender in your own bank who can probably provide you with...

Buying or Selling a Home: wallpaper vs. paint, Paint, fads
Paint, fads, selling: I would probably stick to paint at this point and keep the paint neutral. It will be really hard to pick out what the future buyer wants. If you keep your home more basic then the prospective buyers will be able to picture there things in the home and not...

Buying or Selling a Home: life tenancy, title insurance company, little fishy
title insurance company, little fishy, warranty deed: You re going to need title insurance anyway, Mindy, so why don t you order a property title report from a title insurance company of your choice (yes, you may have to pay for it, but then you ll have to pay for it if the deal goes through anyway). To make...

Buying or Selling a Home: Protection of seller, home inspection, holly
home inspection, holly, improvements: Hello Holly, Thank you for your question. I do not know the rules in Arizona, but anyone can sue anyone anywhere for any reason. If you had the work done professionally and with permits and inspected by the town you should be ok. If she sues you you...

Buying or Selling a Home: Relocating, Retiring and Buying and Selling, acreage property, spinning our wheels
acreage property, spinning our wheels, local realtor: Hi Connie; The first thing that comes to mind is a purchase contingent upon receiving answers to all of your questions. In some states the ourchase contract has a provision that says that you have a due diligence period and that allows you to back out of...

Buying or Selling a Home: buying a property for a U 21 USA citizen, usa citizen, tax insurance
usa citizen, tax insurance, buying a property: Hi Bernie, Thanks for your question. There are a myriad of ways to own property. You would be guided by your attorney during the closing process to set up the proper ownership form, trust, corporation, etc. My investor buyers have purchased in both...

Buying or Selling a Home: buying in retirement, retirement, retiring to North Carolina
retirement, retiring to North Carolina, new home: Hi Don; There are several things to consider when retiring. Depending upon your long-term plans, your health, your interests; there are choices that will be personal choices for you. I work with quite a few people who come to me with the same questions....

Buying or Selling a Home: My daughter's house fell out twice!, having such a hard time, poor daughter
having such a hard time, poor daughter, air mattress: Hi Diane, I am really sorry that your daughter is having such a hard time. Did her buyers remove all their contingencies? If so, she can at least fight to keep their deposit. Nothing is ever definite until the loan funds and escrow closes. I think the...

Buying or Selling a Home: Deposit on house!, line realtors, small claims court
line realtors, small claims court, claims suit: You obviously did not have a Realtor helping you to buy the house, Jim. If you did, the Realtor would not have taken your deposit without your signature on the dotted line. Realtors keep the deposit in their office s trust account or have you sign the check...

Buying or Selling a Home: first time home buying, fannie mae loans, home loan programs
fannie mae loans, home loan programs, first time homebuyers: Hi Kelie, First I’d like to apologize for the delay in responding. My email account has had problems for the last week, and I probably have a lot of people angry with me. Technology is great when it works, and horrible when it does not. If you are a...

Buying or Selling a Home: house buying, retirement, friendly
retirement, friendly, mortgage: Hello Don. Thank you for your question. And, congratulations for thinking ahead AND being this close to retiring - YAY! Unfortunately, most of your questions will be personal choices based on factors I do not know -and- I m not the one having to live...

Buying or Selling a Home: preparing for retirement, big mortgage, preparing for retirement
big mortgage, preparing for retirement, wash dc: The advice to get a mortgage or not is confusing at best. If you are in a high tax bracket it may be beneficial to carry a mortgage for the small deduction you get. In your case, with rates the way are, pay cash or as much cash as you can. Look for areas...

Buying or Selling a Home: repair priority, porch roofs, steam radiator
porch roofs, steam radiator, oil fired furnace: Hey, Jim. If you try to sell the house with knob & tube wiring, buyers are going to balk. You can price it right and take that into consideration, perhaps even going so far as to get three quotes on rewiring the house. Getting rid of the K&T would be my...

Buying or Selling a Home: how much down, buying, selling
buying, selling, investing: Hi Don, Well I am not a tax account,but if you are retired and have no earned income, the tax break may not do what you want it to do... contact a CPA and go over your retirement accounts and income and see what makes the most sense to you. where you...

Buying or Selling a Home: Agent compensation, financial challenges, air national guard
financial challenges, air national guard, agent compensation: Dottie Worthington www.worthington-realestate.com I would recommend getting your listing agreement and reading it. That probably states the commission for the buyers agent.It is hard to tell what to do without seeing the offer. I would ask for a...

Buying or Selling a Home: Agent compensation, buying, selling
buying, selling, renting back: Hi Pablo, Sorry for the delay, holiday weekend and all.... hope you have not signed the contract to accept the deal... sounds like a few issues at hand. 1. Is the buyer truly approved? this is a huge issue for FSBO sellers to ascertain, and for good...

Buying or Selling a Home: Agent compensation, financial challenges, air national guard
financial challenges, air national guard, agent compensation: Hi Pablo, Hope you had a nice holiday weekend. Without getting too much in depth since I don t know your states real estate contract, contacting a local real estate attorney is always good sound advice. $500 in attorneys fees now could save your skin...

Buying or Selling a Home: Agent compensation, contract issues, FSBO, limited service agreement
FSBO, limited service agreement, MLS: Hello Pablo - There are local customs and procedures which differ from state to state, and contract to contract so you will need to review your listing (MLS) contract with the listing broker. In most cases if the property is in the MLS there is an offer of...

Buying or Selling a Home: Agent compensation, contract issues, financial challenges, air national guard
financial challenges, air national guard, agent compensation: Hi Pablo. Since I don t have my licenses in your state I will just answer the best I can. The agent may or may not be getting a commission. She could just be nice and doing it for free, but I would definitely ask. That may set you up to pay a commission,...

Buying or Selling a Home: Agent compensation, financial challenges, air national guard
financial challenges, air national guard, agent compensation: Hi Pablo, Let s address the compensation portion first: A listing contract is between the seller and the real estate brokerage firm. When you signed your listing contract to put your home in the MLS, a specified compensation to a buyer s agent was probably...

Buying or Selling a Home: Agent pursued listing to ensure NOT sold., commercial, failure to perform
commercial, failure to perform, Code of Ethics: Hi Wendy - First, you will want to contact the agents supervisor. This person is called the Designated Broker, Responsible Individual or Owner. This person has a statutory duty to supervise the real estate activity of their licensees. Remember, a real estate...

Buying or Selling a Home: Buying vs. Renting, credit card debt, credit score
credit card debt, credit score, cook county: It doesn t appear you would be acceptable to a lender, Elmo. First of all, you would need a 20% down payment. So that means you would need somewhere around $40,000 to cover your closing costs, too. If you were to buy via FHA (they require 3½ percent down payment...

Buying or Selling a Home: closing cost and hiring attorney, GAR Forms, closing costs
GAR Forms, closing costs, Counter Offer: Hi Aaron, 1. If you don t have a Realtor, this is why you should have a Real Estate Attorney (One who specializes in Real Estate). Realtors use the GAR (Georgia Association of Realtors) contracts which have been developed over the years to protect both...

Buying or Selling a Home: closing costs and attorney, Title, lawyer
Title, lawyer, fees: Hi Aaron You will both have closing costs to pay at closing. For the Buyer they may have to pay a lot if they are getting a loan. Could be 3-6% depending on the lender. I would recommend you as the buyer to write up a specific amount in the offer. Not sure...

Buying or Selling a Home: Compensation of an agent..., financial challenges, air national guard
financial challenges, air national guard, rental agreement: First thing you have to understand, Pablo, and that is IN REAL ESTATE IF IT IS NOT IN WRITING IT WAS NEVER SAID. Therefore, no commission would be expected based on what you have indicated, Pablo. Why you would be willing to let someone rent your property...

Buying or Selling a Home: Contract negotiations and agent compensation, financial challenges, air national guard
financial challenges, air national guard, contract negotiations: Dear Pablo, You are asking several questions and I will try and answer them as best I can and how things are done in California. 1. Everything should be written into the contract at this time. Ask the agent what they are expecting in commission and...

Buying or Selling a Home: Discrimation?, Anonymous House Buying, Seller Right of REfusal
Anonymous House Buying, Seller Right of REfusal: Hello- The question you are asking is really a legal question, not a real estate question, but in general, a seller can refuse to sell his house to anyone. Discrimination of a protected class (race, disability, etc.) does not apply to sellers, only to...

Buying or Selling a Home: Home Buying, law professions, house valuations
law professions, house valuations, gmail: As so many millions of homeowners found out for the past six years, Mike, there really is no way to insure the valuation of any property you may purchase. You really should be out doing research to find the property that suits you best . . . before you buy....

Buying or Selling a Home: When to do a home inspection?, due diligence, material defect
due diligence, material defect, satisfactory condition: Dear Katie; Thank you for your question. Normally, a home is placed under contract with a due diligence period that follows for an agreed upon period of time. Depending upon the home and what kinds of inspections will take place, this period of time can...

Buying or Selling a Home: Negotiating a contract, real estate contract negotiating
real estate contract negotiating: Hi Pablo, You may want to see if you can find a professional in your area to help you with this. Ideally a Realtor who may be able to help you get through the details on an hourly basis or a real estate attorney who is familiar with contracts. I don t know...

Buying or Selling a Home: Negotiating a contract, impressive credentials, financial challenges
impressive credentials, financial challenges, air national guard: Hi Pablo, Sorry for the delay in responding. Holiday weekends are always busy for me. Assuming the agent who showed your home and wrote the offer did so based on information obtained in the MLS database, the legal basis for asking for commission is...

Buying or Selling a Home: Negotiating a contract, financial challenges, air national guard
financial challenges, air national guard, rental agreement: Hi Pablo, Thank you for your questions. Let me say that in New York where I work Realtors do not write contracts of sale. Lawyers do that. So I cannot guide you in specifics of contracts. It sounds like a complicated scenario you are involved in....

Buying or Selling a Home: Negotiating a contract, dealing with commission issues, financial challenges, air national guard
financial challenges, air national guard, rental agreement: Hey, Pablo. Your questions are exactly why we have Realtors. I m not a Realtor, but I ll attempt to answer your questions without getting into the realm of what Realtors do since they are licensed in all 50 states, and practicing real estate without a license...

Buying or Selling a Home: Purchase Contract, accepted offer, contract
accepted offer, contract, seller backing out: hello Randall, both buyers and sellers have the rights to act only in accordance to the terms of the accepted offer/contract to which they signed. if the contract allows it there is no recourse, however if the terms did not say the seller has the right to...

Buying or Selling a Home: Stray Deeds, county recorder, legal description
county recorder, legal description, local county: A stray deed technically doesn t exist, Brad. In my 44 years in the real estate business, I have never heard of such a term. It turns out that a local county recorder will not record a stay deed because it most likely does not have a legal description for...

Buying or Selling a Home: Tax on sale of house, tax basis, long island
tax basis, long island, dad: Hello Kathy, Thank you for your question. The tax basis value of your dad s house would be as of the date of his passing. Then the difference between that amount and the selling price less any expenses related to selling the house would be the potential...

Buying or Selling a Home: Terms of a contract, jessica bryan, financial challenges
jessica bryan, financial challenges, air national guard: Dear Pablo; I am currently on the road but will answer you when we get to our destination in a few hours. -Jessica Bryan Hi Pablo; I apologize for the delay in being able to answer. The contract does not (and SHOULD not) contain any information about...

Buying or Selling a Home: Undesireables, jessica bryan, lots of luck
jessica bryan, lots of luck, showings: Hi Randy; Of course there are no guarantees; but you can reduce the amount of people who are not qualified or who are just there to look by listing your home with a reputable REALTOR. If the agent does a good job marketing the home with lots of photos and...

Buying or Selling a Home: add a name to my title, parents name, professional letter
parents name, professional letter, gmail: Since you weren t that clear on which you still owe a mortgage — the mobile home or the land — I am going to assume you meant the mobile home, Jackie. I don t know why you do need to add your parents to the title of the mobile home, but to answer your question,...

Buying or Selling a Home: home title, HARP loans, Equity lines
HARP loans, Equity lines, buying: Hi Paul, Good luck with the Harp I actually did this personally, and it took longer than anticipated but for the most part was the most painless refi I have ever encountered. On the second they show? Did you ever take out an equity line of credit?...

Buying or Selling a Home: Lease To Own, Lease to Own
Lease to Own: Hi Mark... Yes to both... it all depends... The typical person willing to do a Lease Option can t qualify for a conventional loan... or FHA loan... due to income or credit... but keep in mind once the option comes around you still have to get that loan...

Buying or Selling a Home: Seller Cancellation, contract, buying
contract, buying, sellling: Hi Patty, You need to fully read your contact to see what if any if due the agent, they may or may not allow you out of the contract, but you most certainly do NOT have to sell your home. A brokerage may keep the contract through term to be sure you don...

Buying or Selling a Home: undisclosed at sale, real estate lawyer, real estate transactions
real estate lawyer, real estate transactions, independent testers: Eighteen years is probably way too long ago to chase after the party from whom you bought the property, Virginia. Although you should find out what is the Statute of Limitations in this case. I doubt if a real estate attorney would charge you for this knowledge....

Buying or Selling a Home: unpaid taxes, real estate broker, realty transfer tax
real estate broker, realty transfer tax, claim deeds: Those quit-claim deeds are asking for trouble, Reggie. If you want to truly buy that property so that it doesn t all bounce back on you, I strongly suggest you hire a good local real estate broker to help you buy the property. Upon acceptance of your offer...

Buying or Selling a Home: Breech of contract, breech of contract, faith deposit
breech of contract, faith deposit, home in louisiana: Preliminarily and assuming you have no real estate agent working for you, Patsy, I would not give the buyer the beans from my taco dinner. Furthermore, I would hire a real estate attorney to sue them for specific performance and/or show how you have lost money...

Buying or Selling a Home: Condop?, managing agent, little brother
managing agent, little brother, coops: Hello Ivan, Thank you for the interesting question. I had not heard of condop until your question. I went on line and looked it up. You can do the same and get a full over view of condop better than I can tell you. It sounds like they have both...

Buying or Selling a Home: First time homeowner wants to know - Is there any help for us?, first time homeowner, horrible circumstances
first time homeowner, horrible circumstances, board of realtors: My guess is that the sellers knew about that state-run facility, Lori, which is why they sold the house. There might not be any law that covers that, but I m positive the real estate agent knew about it and you might ask that question of a real estate oriented...

Buying or Selling a Home: House Keeping, minor maintenance, maintenance issues
minor maintenance, maintenance issues, keller williams: Hi Again Kenneth, Certainly you can. Realtors hold keys to homes all the time. You have to have a certain level of trust for the person who is watching your home, but if the person is reputable they should be trustworthy, after all you will be paying them...

Buying or Selling a Home: HUD-1 settlement statement, minimum obligation, club charges
minimum obligation, club charges, food beverages: Hi Nicholas, Please forgive my delayed response; I ve just returned from vacation to find this in my inbox. I believe your approach to this matter to be correct. The minimum Food & Bev purchase could be considered part of the HOA dues, in reality. ...

Buying or Selling a Home: owner finance, owner finance, pet restrictions
owner finance, pet restrictions, best of luck: Yes. Naturally, if you do not qualify, in the owners mind, to repay the mortgage then they can reject the contract. There are several other reasons for rejection, depending on the location, development, age, pet restrictions, etc. If they want to sell it...

Buying or Selling a Home: Question, wasting my time, wasting your time
wasting my time, wasting your time, notary public: Hi Tim, I really have no experience with what you want to do. A woman who works in my office has her notary and functions as a travelling notary for signing loans. She is an experienced realtor but I don t know if she has any advanced degree. From what...

Buying or Selling a Home: Refi,need copy of HOA resale Cert and Public Offering, resale cert, escrow officer
resale cert, escrow officer, jessica bryan: Hi Jeremiah; Since the lender is asking fo rsomething quite specific I assume that it is because your HOA has made some changes in their structure. I suggest that whoever you are using for the closing of the refi be involved. If you are using a closing...

Buying or Selling a Home: Getting out of selling contract, Selling, contract
Selling, contract, rent: Noted- spelling correction in this re-send- Hello Martha. Thank you for the opportunity to be of assistance. You are not alone in your dilemma. Every day, in every fast moving market across the nation is facing the same concern. In a seller s market...

Buying or Selling a Home: survey at closing, property boundaries, broker manager
property boundaries, broker manager, board of realtors: Based on what you say, Beth, that Realtor left a lot to be desired. Anything, and I do mean anything, that should have been performed as part of the Realtor s service must be completed. If not, there are a couple ways to make sure it is: Demand that your...

Buying or Selling a Home: 1099 after a sale, short sales
short sales: I should have asked if it was a short sale - so many people are doing short sales that I assumed you were doing one, sorry! You will still receive the 1099 in January 2014 and you will possibly have capital gains to pay if you have made a profit. A tax professional...

Buying or Selling a Home: Better ways to search?, questionable credit, desirable property
questionable credit, desirable property, southwest missouri: You re asking for a most improbable property, Todd. I say that not because I am a Realtor, but because you have to realize what kind of real estate market it is out there. In most cases the market is a seller s market. That means almost any seller can sell...

Buying or Selling a Home: condos, Short sale, harp
Short sale, harp, credit: Hi Steve, There really is no way for her to get out without hurting her credit. I would tell her to try to use the Harp program and see if she can qualify to get an interest reduction so she just has to pay less a month. She could go the short sale route,...

Buying or Selling a Home: Interior Trim, matter of taste, wood trim
matter of taste, wood trim, better luck: Hi Tom, Thank you for the question! My 1929 brick Tudor had original natural wood trim, doors and wood floors when I bought it. So warm and charming and old fashioned! Good for another 100 years! Then I went on a business trip. When I got back my...

Buying or Selling a Home: Occupancy, rent, back
rent, back, agreement: Hi Lyndsey. Thank you for your question. As real estate contracts are always a bit tricky to be certain about, it s great you are asking! I m assuming the seller has a rent-back agreement with you. This would also mean there should be a separate agreement...

Buying or Selling a Home: Real estate
Hi Russ, Thank you for your question. I was an eyewear importer and distributor. Dollar was weakening and my costs rising, competition too. I met some real estate agents and the profession sounded great. No inventory to buy, but plenty to sell. ...

Buying or Selling a Home: Selling My House !
Hi Robert, In today s digital age, there isn t much you can do to stop folks from finding your home for sale online. Correct me if I m wrong, but wouldn t they be happy for you to leave? They may do a great job trying to help you get your house sold...