About Experts Sitemap - Group 8 - Page 12 2014-10-21

Buying or Selling a Home: Reporting Agent to PA Real Estate Commission, realtor member, realtor associations
realtor member, realtor associations, realtor association: Hi Steven, My email address is liznarr@sc.rr.com I m glad to know that you are reporting this unethical agent. If he is a member of a Realtor association, you can file a Grievance against him, also. There is an upfront fee of approximately $200, but...

Buying or Selling a Home: Reproducible floor plans for new home?, 3 car garage, story brick
3 car garage, story brick, office c: a; any bookstore with books on this subject b; any architect s office c; any builder s office d; home building s software more kkemper1@mindspring.com [have you also considered, for speed and cost, buying a foreclosure and modifying it to your...

Buying or Selling a Home: Reproducible floor plans for new home?, 3 car garage, home improvement stores
3 car garage, home improvement stores, search google: Landon, There are so many sources for this I don t know where to start. You can either start the old-fashioned way - getting home plan magazines at home improvement stores, bookstores, etc., or, you can do it the modern high-tech way and search Google...

Buying or Selling a Home: Reproducible floor plans for new home?, southern living magazine, 3 car garage
southern living magazine, 3 car garage, story brick: There are many places you can purchase plans. Go to a book store and you can get magazines with lots of designs. Go to an architect and look at his, Southern Living magazine has a lot of them, search online. When you find the type you want you can have someone...

Buying or Selling a Home: Reproducible floor plans for new home?, 3 car garage, story brick
3 car garage, story brick, story houses: There are lots of sites online, Just type in floor plans for 2 story houses, then many of the sites let you pick all of the other options you want. As far as blueprints, you probably wont find any for free, but some builders dont need them. good luck...

Buying or Selling a Home: Reproducible floor plans for new home?, owner builder network, 3 car garage
owner builder network, 3 car garage, story brick: Hi Landon, Your best bet is to find a plan designer. There are many in the Houston area, but I don t know of any personally. If you re going to build a custom home, then the builder you choose will likely be able to draw up the plans. You might also...

Buying or Selling a Home: Rescinded Contract, perspective owners, request repairs
perspective owners, request repairs, unprofessional manner: Dear Allan: I am so sorry you have had this glitch during your selling period. Unfortunately, these things do happen, especially with older properties. However, you should be grateful that it happened at the beginning of the transaction, rather than later...

Buying or Selling a Home: Rescinding a Condo Sale, condo documents, condo owners
condo documents, condo owners, condo association: Are you sure you want to cancel the purchase? If this is your first real estate purchase you may be suffering through buyer s remorse which is common with new buyers. If not, try this: Send or give them an official-looking letter stating that you do not...

Buying or Selling a Home: Rescinding a Condo Sale, deposit monies, resale cert
deposit monies, resale cert, ethical problem: Hi Steven, The Pa Condo Act state that the buyer must have 5 days to review the documents. If, within that time frame, the buyer may declare the agreement null and void. The reason for that is to disclose any and all information regarding the condo association...

Buying or Selling a Home: Rescinding a quit claim deed, claim deed, legal options
claim deed, legal options, property subject: Just because you quit-claimed a property to someone doesn t have anything to do with the loan that was on that property, Debra. That person s name indeed may be on the title of that property. Maybe she/he didn t have good credit to get their own loan. There...

Buying or Selling a Home: Residental Contract Modification, interior upgrades, contract modification
interior upgrades, contract modification, verbage: Nathan, Most contracts are contingent on financing which requires the appraised value to be at least as much as the purchase price. In addition, some buyers add the contingency house must appraise for purchase price or greater or this contract is null...

Buying or Selling a Home: Residental Contract Modification, seperate sheet, interior upgrades
seperate sheet, interior upgrades, contract modification: Hello Nathan, Since you are a main party on the contract you have the ability to write anything you want in the sales contract. Either write it on an open area or make a seperate sheet as an addendum. This is a situation that falls under the art of negotiation...

Buying or Selling a Home: Residental Contract Modification, appriasal, interior upgrades
appriasal, interior upgrades, contract modification: In our Market we have to deal with this all the time. Here homes do not appraise. We have to put language in that if the property does not appraise for the Sales price the buyers agree to Pay Cash for the difference. The only other way to deal with...

Buying or Selling a Home: Residential Listing Agreements, money marketing, residential listing
money marketing, residential listing, cancelation: Thank you for your question. As I do not have the copy of your contract, it is difficult to give an exact answer. However, if you did sign up for a particular amount of time, then you are probably obligated to live up to the contract. That does not mean...

Buying or Selling a Home: Residntal Contract Financing Addendum, home fsbo, addendum section
home fsbo, addendum section, third party financing: Hello And to me FSBO is a Wonderful word!!! I love it when there are FSBO s, we actually close alot of loans with FSBO s. The reason for that clause is so that you can be specific to what type of financing they can get. Some loans like government loans...

Buying or Selling a Home: Responsibilities as a seller, flow toilets, flow toilet
flow toilets, flow toilet, successor trustee: Dear Kathleen, There are certain retrofit requirements(smoke detectors, sliding doors, shower heads, low flow toilets and automatic gas shut off valves). There are retrofit companies that can handle all of this when you are in escrow. I assume you will...

Buying or Selling a Home: Retainer/deposit, sellers point, deposit money
sellers point, deposit money, question the answer: Hi Ruth, Thanks for your question. The answer is, probably not. The only way that you can get your deposit money back is if the escrow is canceled for a reason that is addressed in the contract. (ie. didn t get the loan, inspection items that didn t pass,...

Buying or Selling a Home: Retaining current tax after age 55, fillmore ca, true statement
fillmore ca, true statement, tax rate: Sharron, Yes, it is true that you can probably transfer your existing tax rate. The only thing that you have to check (and your local agent can find this out for you) is if your county and the county you are moving to participate in this program. Good...

Buying or Selling a Home: Reversal of Quit Claim, title deed, claim deed
title deed, claim deed, county recorder: If you want to know who is on title of the property, go to the county recorder or courthouse (or call them) and find that information out. If it turns out that he is the only one on the title, then there is nothing you can do other than buying, or some consideration...

Buying or Selling a Home: Right of Redemption, first time investor, foreclosure situations
first time investor, foreclosure situations, foreclosure status: Hi Christian, I do remember from back in my REO days that Alabama s foreclosure laws are exceedingly different from any other state. In your scenario, if you payoff the homeowner and it is enough to pay off his mortgages, late fees etc. then all redemption...

Buying or Selling a Home: Right of refusal and offers, estate purchaser, right of first refusal
estate purchaser, right of first refusal, first right of refusal: Hi Wumi, Here s my response below: Do you want the property? That s the most important thing you should think of. Ok so now you know there s another player involved. Do you believe they are doing something illegal? Ok they didn t disclose their relationship,...

Buying or Selling a Home: Rights of new homeowner, new homeowner, association committee
new homeowner, association committee, association dues: I m not sure what your last question is. If your mother agreed to close escrow and not take possession for 30-60 days was anything discussed re:compensation for your mother. It sounds like you really should talk to an attorney and have him/her review the...

Buying or Selling a Home: Riparian rights, spring water well, gallon storage tank, arcata ca
gallon storage tank, arcata ca, gallon tanks: Finn, While you may need to check with a California specialist, in general when one drills a well you only have rights to use that well on your property. Ground water cannot usually be owned therefore your father s neighbor has the same rights as your...

Buying or Selling a Home: Road Right of way, foot road, pump house
foot road, pump house, going to jail: Hello Ray, The question you have is truly best answered by a local attorney who will research and have the experience with local government to best represent you. Since I do not want to give legal advice I would refer you to another expert on our site who...

Buying or Selling a Home: Robert Allen, real estate seminars, robert allen
real estate seminars, robert allen, real estate investing: Casey, You will hear good & bad reviews from pretty much ALL real estate seminars & courses that are being sold online. The bottom line is that you can indeed glean good ideas from them HOWEVER, its not as easy as they make it sound. You will run into...

Buying or Selling a Home: Rolling mobile home debt into new home, step in the right direction, subletting
step in the right direction, subletting, first house: Try this idea: Go to your lender who has the loan on the mobile home. Tell them what you d like to do. They will probably say they would want you to sell the single wide and get the best you can get. Then, if they are willing, may put what you owe on the loan...

Buying or Selling a Home: Room Usage, sun porch, bifold doors
sun porch, bifold doors, clothes closet: Sorry I missed it Connie! If the closet is attached to a washroom which has a bath/shower, I would say that it would be a good feature to have. I think some one would find it desirable to go from the bath to the closet to choose clothes and the keep moving...

Buying or Selling a Home: radon contingency, home inspection contingency, mitigation system
home inspection contingency, mitigation system, option language: Hello Tim, thank you for your question. Honestly since I do not have the language of the contingency to review nor understand the interpretation that is accepted there, my answer may not be your best bet. My guess would be subject to the language and...

Buying or Selling a Home: rates, market interest rates, downpayment assistance
market interest rates, downpayment assistance, fthb: Brad--With Credit Scores in the low-to-mid 700s & sufficient funds for a modest downpayment,you shouldn t have any problem getting the right mortgage @ the best rate & terms!Yes, Lenders are tightening up, but you seem to be the kind of Borrower that they...

Buying or Selling a Home: re: Disclosure of a home, northern kansas city, leaky faucet
northern kansas city, leaky faucet, double damages: Dear Tom, Thank you for contacting allexperts.com. I hope that I can assist you with this question. Since I am not an attorney I cannot give you legal advice. However, I can give you my opinion. If you are damaged by omission of important information...

Buying or Selling a Home: re-negotiate, earnest money deposit, couple statements
earnest money deposit, couple statements, pushing my luck: Hello Kirk, This is certainly an interesting scenario you ve laid out here! Typically, if you ve made an offer that they ve accepted, you would normally be expected to complete the transaction according to the agreed price and terms. However, the thought...

Buying or Selling a Home: re: selling our mobile home in nonconvential way, buffalo ny area, mobile home park
buffalo ny area, mobile home park, mobile home dealer: Hi Nancy....well, first let me apologize for the delay in answering you. Your best bet is to find a mobile home dealer to sell it for you, unless you own the land. Real estate brokers are NOT the best choice in selling mobile homes, at least in my state....

Buying or Selling a Home: real estate, virtual broker, back taxes
virtual broker, back taxes, tax collectors: Good Question.... Not any one answer will work for this one. Obviously going to the County Tax Collectors is one way. Also you can contact a title company in your area to discuss this problem....they will be the most helpful. In addition ask the...

Buying or Selling a Home: real estate, private investor, purchase contract
private investor, purchase contract, creative financing: Al; the law does not limit what types of purchases or sales a licensee can engage in. YOUR only action that licensees MUST do is NOTE on the purchase contract that the buyer [or seller as the case may be] holds a RE license. That is all. AND re fees;...

Buying or Selling a Home: real estate, san antonio houses, being a real estate agent
san antonio houses, being a real estate agent, local police department: Hi Aby, Thanks for the good questions. I ll do my best to answer them. First off, the low prices in San Antonio reflect a few things. Available jobs, pay, weather, community activities, etc. all go into the value of a home. Obviously, if the prices are...

Buying or Selling a Home: real estate, jessica bryan, ontario area
jessica bryan, ontario area, 2 sisters: Hi Anna; First of all, I would like to say that I am sorry for your loss. The laws in Ontario (I assume you mean Canada) may be different from the laws here. Having said that, I think that the best thing for you to do would be to contact an attorney in...

Buying or Selling a Home: getting into real estate, jessica bryan, land contracts
jessica bryan, land contracts, carlton sheets: Dear Christopher; Flipping homes can be a nice side business if you know what you are doing and have time to research the real estate in the area. It can be risky if things aren t selling well in the area. Some of the web sites talk about methods that don...

Buying or Selling a Home: real estate, todd thornton, public auction
todd thornton, public auction, heirs: Bridget, If the house is part of an estate it usually means the owner has died and the property will be distributed to their heirs. If they did not leave a will or the state can t find any heirs, the state will take control of the property after an extended...

Buying or Selling a Home: real estate, mortgage payments, property values
mortgage payments, property values, buisness: Leslie, Before you get into this kind of business you have to make sure you are capitalized enough to see the project through. Not only do you need to get your finances lined up for the purchase you need the money for the fix up and you need enough money...

Buying or Selling a Home: real estate, court houses, dick
court houses, dick, real estate: Only after the ownership has officially changed will you see any evidence of how much someone paid for a house, William. Look up via address or lot-book number and you will see how much has been paid for a house. Most likely, you can look up online in your...

Buying or Selling a Home: real estate, earnest money, home builder
earnest money, home builder, letter of denial: No a home builder can not force you to purchase a home. You need to read the builders contract you signed carefully but if you can t qualify for a loan than there is no reason why the builder shouldn t release you from your contract and refund you the earnest...

Buying or Selling a Home: real estate, vacancy rates, asset appreciation
vacancy rates, asset appreciation, capital improvements: Hello: If you re planning on losing $500 a month, it doesn t seem like that is something I would do. Here s what you re not thinking about: Vacancy rates, tenant damage, capital improvements, tax increases. All of those things will be making it very...

Buying or Selling a Home: real estate, back taxes, local county
back taxes, local county, county courthouse: Hello Jim, Tax sales are going to be held at your local county courthouse. Start there and ask about scheduled tax sales and where sale information is posted there. Ohio might be different than Illinois but it is very likely that they are run the same way....

Buying or Selling a Home: real estate, redemption period, binding agreement
redemption period, binding agreement, back taxes: Hi Jim, I would start with the tax collector s office for the county in which a property is located. Many times, the tax collector s office will publish a list of properties that are going up for a tax sale. If you are considering purchasing such a...

Buying or Selling a Home: real estate, breach of contract, realtor
breach of contract, realtor, realtors: Hi there, There are some realtors that make you sign a contract when working with them and they then list a house but will only work with you if you have a contract with them. I don t know where you are located, but I would just find a realtor you can trust...

Buying or Selling a Home: As Is real estate, john thanks, john hall
john thanks, john hall, ugly houses: Ruth: Sorry I thought you were talking about purchasing a home. Anytime you receive ads like these, you need to figure they are not going to offer anything near market value for the home. They are in the market to make money off of the homes so they...

Buying or Selling a Home: real estate, mentored students, food training
mentored students, food training, david garcia: Cortez, The absolute fastest way to get started is by getting someone to teach you & work with personally. I have mentored students personally on a live one on one basis for a 50-50 split of profits. All I ask is for my expenses to be taken care of...

Buying or Selling a Home: real estate, jessica bryan, caims
jessica bryan, caims, abstract of title: Dear John; Title insurance is issued to the party or parties buying a home once the attorney or title company runs a check on the title history of the property being purchased. An abstract retraces that history and will show if there might be any potential...

Buying or Selling a Home: real estate, residental lease, local realtor
residental lease, local realtor, thanks for your time: Debbie, This is a question you probably should refer to an attorney on this site. In California, if there is no lease it is then considered a month to month tenancy. An attorney can advise you whether your realtor would be considered liable. You might...

Buying or Selling a Home: real estate agent, 37 years, real estate agent
37 years, real estate agent, local market: After 37 years in this business, Lori, I am sorry to say your husband has a misconception. Now who would you rather use? Someone who is very familiar with your market around your house? Or would you rather use someone who is 40 miles away who is familiar with...

Buying or Selling a Home: real estate agent, bilateral contract, agency relationship
bilateral contract, agency relationship, st lucie florida: Hi John, Yours is a question that is asked often. A listing agreement is a legally-binding Contract and is interpreted as a bilateral Contract – meaning that each of the parties contracts and agrees to do certain things. You agreed to list exclusively...

Buying or Selling a Home: real estate agents' schedules, jessica bryan, blessing and a curse
jessica bryan, blessing and a curse, sign contracts: Dear Danielle; First of all, I would like to apologize for not answering you right away. I am not receiving my questions from allexperts. I don t understand what the problem is but it is upsetting to me since I like to be prompt with my answers. Now...

Buying or Selling a Home: real estate agents, jessica bryan, realtor magazine
jessica bryan, realtor magazine, real estate agents: Hi Danielle; It all depends how many clients one can handle efficiently. If you are experienced and can juggle 5 or 6 a week--terrific! If not, reduce your load. If you find that you are overwhelmed by your work load--you are handling too much and it is...

Buying or Selling a Home: real estate auctions, vero beach fl, aluminum wiring
vero beach fl, aluminum wiring, real estate auctions: Charlie, If the home goes to auction, the bank will have someone there making sure it doesn t sell for less than the balance owed. They will bid if no one bids above the balance. How far behind in payments is your daughter? I may be able to help by...

Buying or Selling a Home: real estate broker license in NC, rock bottom prices, real estate broker license
rock bottom prices, real estate broker license, buying fixer uppers: Dear Stacy; I can t say that having your Broker s license will help you find the deals more than reading the paper or driving around looking for FSBO s. I work with lots of investors and I am always looking for the great deals. Often they discover them...

Buying or Selling a Home: real estate captial gains tax, r m french, tax percentage
r m french, tax percentage, edward jones: Dear Charles, I would love to help you with this question, but unfortunately this is not part of my real estate training or experience. Since the tax laws change all the time, your best course of action would be to talk with a certified financial professional...

Buying or Selling a Home: real estate commissions, real estate commissions, service realtor
real estate commissions, service realtor, southeastern virginia: Bill, I don t know what the average is, the usual fee is about 6% for a full service Realtor. If houses in your area sell very quickly and it is definitely a seller s market, you may be able to negotiate. The other option is to use a Realtor that is not...

Buying or Selling a Home: real estate contract, real estate contract, squeaky wheel
real estate contract, squeaky wheel, displeasure: Hi Lisa, You most likely signed a binding contract until the end date. Many times you can get a cancellation but a lot depends on the policy of that particular company. You can take 2 approaches. You can just tell the agent that you want to take the...

Buying or Selling a Home: real estate contract, real estate contract, southern california real estate
real estate contract, southern california real estate, real estate brokers: I m a southern California real estate broker, Lisa . . . . for 33 years. So, what I tell you here is very valid. I ve been down this road a few times. People have called me for the same reason. The rest of this is going to be long because I want to make sure...

Buying or Selling a Home: real estate finance, doug ingram, 30 year mortgage
doug ingram, 30 year mortgage, income c: Thanks Kirsten for your question regarding financing an investment property. There are several different options based on the following criteria: (a) your credit (b) income (c) strategy with the investment property (d) time frame for investment property....

Buying or Selling a Home: real estate investing, claude diamond, mentor students
claude diamond, mentor students, coach students: Stephanie, I would be happy to have you on board as a student. I coach students throughout the USA in the art of no money down investing. I guarantee students success by working for a 50-50 split on deals closed. You will receive unlimited mentoring....

Buying or Selling a Home: real estate investing with family, personal incomes, question pool
personal incomes, question pool, share hope: Hi, I found your question in the question pool. Sounds like a good plan. The first thing you need to do is see an real estate attorney to get all the answers you need. As for structure arrangement, it is best to talk this over with a real estate attorney....

Buying or Selling a Home: real estate investing, decent profit, investing in real estate
decent profit, investing in real estate, owner financing: Bill, You can do that with no problem. If you want to be cashed out immediately, you can sell for full value with owner financing terms. You then sell the note for a discount at 90% after you get your 10% downpayment. DG www.ezreinvesting.com...

Buying or Selling a Home: real estate investment program, estate investment program, better business bureau
estate investment program, better business bureau, real estate investment: Danielle, Be careful as there are MANY seminars out there tecahing that you can be rich overnight. Yes, flipping is legal if you are taught properly. However try to get references from that company along with checking with the Better business bureau...

Buying or Selling a Home: real estate listing, real estate contract, real estate listing
real estate contract, real estate listing, real estate agent: Lynn, Assuming you have a Realtor and this is MLS, you most likely can terminate the contract and remove it from MLS. You may be subject to paying the Realtor if you sell it within the 6 month period but it sounds like you are going to rent it so that...

Buying or Selling a Home: real estate listings etc for state of arizona?, abc company, estate sellers
abc company, estate sellers, xyx: If ABC Company buys XYZ Company they usually buy all listings, existing sales in escrow, office furniture, etc. That s usually, Tina. There can be variations. It is not necessary, again usually, to re-sign a listing with the new company. You would have to...

Buying or Selling a Home: real estate listings?, abc company, xyx
abc company, xyx, question thanks: The listings are good. Because the company that took them is still existing. I doubt that the buying broker would allow the existing listings to be cancelled--or require that they be re-writen. EXcellent question! thanks! [they carry over as one...

Buying or Selling a Home: real estate Mobile Homes, jessica bryan, kecia
jessica bryan, kecia, trust laws: Dear Kecia; If the mobile home is secured on a piece of property (meaning it is a permanent structure) then a real estate agent can list the home and charge a commission for the sale. Commissions are variable. Because each brokerage can set their own commissions...

Buying or Selling a Home: real estate marketing, premiere communities, sports journals
premiere communities, sports journals, professional brochure: Dear Margaret: I wish I knew if you were the developer, builder, agent or one of the investors. If I knew, I could be more specific and direct you accordingly. However, I do specialize personally in high end properties in premiere communities, so perhaps...

Buying or Selling a Home: real estate project, bucks county pa, land location
bucks county pa, land location, purchasing land: I m not sure what you mean by cost-effective. There are many considerations to buying land, location, zoning, drainage, topography, etc. My book The Real Estate Guide to the Environment covers 50 different aspects of home and land purchases and is available...

Buying or Selling a Home: real estate question ( move NJ to NV), new home construction, relative rates
new home construction, relative rates, tax consequences: Len, The tax consequences would need to be addressed by your CPA or tax consultant. Propety taxes are deductible, but I would defer to the tax professionals. As for the advantages and disadvantages of bare land to buying something with improvements would...

Buying or Selling a Home: real estate tax question, income tax return, capital gains tax
income tax return, capital gains tax, head of household: Shelley: It depends. Typically, you will owe 20% capital gains tax if you held the property for over 1 year. Also, if you qualify for the primary residence exemption, you may not owe any capital gains tax at all. Consult your local attorney or accountant...

Buying or Selling a Home: real estate titles, jessica bryan, estate titles
jessica bryan, estate titles, administrative jobs: Hi Danielle; It is difficult to speak for all companies. Everyone has different requirements and job descriptions. Some positions (and in most companies)are more administrative and require advertising or marketing backgrounds. Some require business or...

Buying or Selling a Home: real estate transaction, jessica bryan, real estate transaction
jessica bryan, real estate transaction, time of the day: Dear Carla; It depends upon the transaction: a contract is complete when both parties sign. This means that the conditions that have been agreed upon are executable. It does not mean that the contract is complete if there are contingencies involved. so,...

Buying or Selling a Home: real estate transactions publicized, public perusal, rightful heirs
public perusal, rightful heirs, real estate transactions: Ahhhh...invasion of privacy??? Don t get me started! We could talk all day about how the government invades (or has allowed others to invade) our privacy everywhere. This goes right along with old laws on the books that make absolutely no sense today. ...

Buying or Selling a Home: real estate verbal agreement, verbal agreement, time ms
verbal agreement, time ms, closing cost: Dee, There are several things you should have done when you entered into this agreement with your friend to protect your interest. Your friend is the legal owner of this property. I strongly recommend that you consult an attorney to see if there is any...

Buying or Selling a Home: real estate, todd thornton, valuation office
todd thornton, valuation office, person agency: Jim, I m not aware of a national database and I can t give you a specific resource. Generally speaking, each individual county is responsible for collecting taxes on real property since it s the counties that keep the money for schools, etc. In some cases,...

Buying or Selling a Home: real state price, first time buyer, virtual broker
first time buyer, virtual broker, nobody in the world: Frank.... Nobody in the world that is not a top agent in Orange County could predict that. get ahold of a top agent and ask that question. From what I know that Market is up and down alot and if they have dropped 7% it is unlike most of California...

Buying or Selling a Home: real state price cut, 40s 50s, first time buyer
40s 50s, first time buyer, decent 3: Your question is not uncommon, Frank. There are people today in their 40s, 50s, and 60s who are still renting because they believed the real estate market would come down. In the meantime, how much have they wasted on rent? Please notice the relationship...

Buying or Selling a Home: real state price cut, first time buyer, regional value
first time buyer, regional value, value increases: HI Frank, Thanks for your question. As opposed to renting it is always a good time to buy real estate for taxes pruposes and equity investment. Rent keeps getting paid out, but traditionally values increase and if you buy, hopefully your mortage will...

Buying or Selling a Home: real state price cut, holidays in november, jessica bryan
holidays in november, jessica bryan, first time buyer: Dear Frank; There are many reasons that prices drop. Perhaps there is a structural problem, or there is a pending lawsuit that makes these units undesirable. It could be a simple reason though: the prices were artificially high for the Spring Market and...

Buying or Selling a Home: real state price, rising interest rates, first time buyer
rising interest rates, first time buyer, luck john: Frank: There are two reasons the prices are slowing. The first is that there are more homes coming on the market, and the second is that interest rates are starting to rise. The one you need to be concerned with is the second, rising interest rates....

Buying or Selling a Home: real stateprice cut, first time buyer, dear frank
first time buyer, dear frank, orange county: Dear Frank, No one is able to foretell how the market will go in advance. I am shocked to hear that prices have decreased 7% since May in Orange County. Everything that I have seen shows prices holding steady. Interest rates are expected to go up so...

Buying or Selling a Home: realestate investment, investment objective, money lending
investment objective, money lending, mid price: ed; it depends on where you are and your investment objective! have you ever considered also doing hard money lending? are you putting the houses in a REIT or flipping them? [i am anti-flipping] what is the cost of your $? etc where r u located?...

Buying or Selling a Home: how to be realtor, real estate brokerages, national association of realtors
real estate brokerages, national association of realtors, professional designation: Contact one of the large companies and ask them if they have a school. You will need to take classes and then take the state exam. Once you have passed the state exam you will be issued a license and can begin interviewing with various real estate brokerages....

Buying or Selling a Home: realtor comission, dual agency, real estate agent
dual agency, real estate agent, selling a home: Hello Rodelyn. Please excuse me for not responding sooner, I have been on vacation and just returned today. Commissions are negotiated between the Seller and the Listing Company. There is no set commission or fee schedule. A company can tell you what...

Buying or Selling a Home: realtor commission, upstairs neighbor, realtor commission
upstairs neighbor, realtor commission, agent compensation: Dear Marcela; You did not ask for agent representation and did not agree to paying a Buyers Agent as part of the deal. By adjusting the price to help your neighbor you have given as much as you deem necessary. If the neighbor wants to have an agent represent...

Buying or Selling a Home: realtor contract, jessica bryan, names jessica
jessica bryan, names jessica, husband and wife: Dear Noelle; Our attorneys tell us that all people who are listed on title and to whom the deed is registered are the legal owners of the home and we should have the documents signed by all. A listing agreement is not valid if not signed by the husband and...

Buying or Selling a Home: realtor duties, broker web site, fsbo signs
broker web site, fsbo signs, national association of realtors: Dave, this is a great question. While a valid point can be made that your Realtor s job includes promoting your home to facilitate showings, it is not his job to get people through your front door. As to whether it is your Realtor s job to find a buyer,...

Buying or Selling a Home: realtor lied?, minnesota chamber of commerce, national association of realtors
minnesota chamber of commerce, national association of realtors, real estate licensing: Alin, I m at a real estate educators conference and after listening to a legal case update, I can honestly say each state is totally different in how it interprets laws. Here are a few ideas. 1) You could certainly ask the attorney to write a letter...

Buying or Selling a Home: realtor misrepresented me, senerio, blah blah
senerio, blah blah, worse case: Patty, I am sorry to hear about your situation and it sounds like you used good logic but your realtor talked you into a bad situation. Let s first address the $10,000 deposit. I just counseled someone in this same situation with a different builder....

Buying or Selling a Home: realtor percent, full service broker, coldwell banker
full service broker, coldwell banker, selling a property: Jose, If I were to give you an answer to this question, my license would be at risk!! Fixed commission amounts in FL are against the law!! It s whatever you can negotiate!! With a full service broker, EG Remax, Coldwell Banker, Prudential, etc. you will pay...

Buying or Selling a Home: What realtor will take and sell my house as is?, referral fee, referral network
referral fee, referral network, furniture dealer: Dear Lynnette; Depending upon the furnishings in the house it may or may not look better with them gone. If the home looks neat and presentable with the furniture and if it doesn t distract from the interior then you might want to try to sell as is. However,...

Buying or Selling a Home: realtor taking clommission without us selling, appraisor, condemed
appraisor, condemed, harsh words: First of all, Julie, it s true that if a buyer makes an offer to buy the property AS LISTED, and you choose not to sell it, for whatever reason, you are liable to pay the commission. However, that is NOT what happened. The broker is trying to pressure...

Buying or Selling a Home: being a realtor, becoming a realtor, personal preference
becoming a realtor, personal preference, night weekends: Hello Danielle, Real Estate is a tough business. But it can be rewarding. Your work situation depends on a few variables. Mainly, what type of company will you work for, what kind of business will you concentrate on, and how succesful you become. When I...

Buying or Selling a Home: realtors scam?, chester co pa, chester county pa
chester co pa, chester county pa, question pool: Hello, I found your question in the question pool. I really hope this is not happening as you say it is. I hope it is a misunderstanding of some how. But if this is the case or if you wish to have this looked into, then you need to contact your Association...

Buying or Selling a Home: realtors, legitimate problem, agency contract
legitimate problem, agency contract, business relationship: First did you sign a business relationship between broker and buyer or also known as buyer agency contract? This is a contract that binds you to working with only that agent. If you did then the answer is no. You will not be able to look or write offers on...

Buying or Selling a Home: can you recommend where to relocate., living in hollywood, local realtor
living in hollywood, local realtor, young couples: Tina, First of all I would have a serious talk with a local Realtor if your property is very close to the beach. It may be in line for a HUGE appreciation in the next two-three years. If that s the case, you may want to go elsewhere and rent something for...

Buying or Selling a Home: referral, mobile home specialist, escrow companies
mobile home specialist, escrow companies, credentials: Hi Tom...unfortunately the mobile home world is a very loose knit one. I can t refer anyone. My suggestion, even though it may sound backward, would be to make a few calls to escrow companies. Ask them first if they do mobiles, then who is successful and...

Buying or Selling a Home: refund our deposits fom builder, dear arlene, jessica bryan
dear arlene, jessica bryan, real estate brokers: Dear Arlene; Could you try to call one of the television news stations that have consumer advocates? Often, local stations have a segment where they go after services, sellers, and businesses. However, if that doesn t work, then a law suit may be your only...

Buying or Selling a Home: refusing to payback earnest money deposit, earnest money deposit, beazer homes
earnest money deposit, beazer homes, small claims court: Since the amount is $4,000, being less than the small claims court limit, you should file a small claims action against the company. You must first send them a letter via certified mail requesting payment. If you already have a copy of such a letter, then...

Buying or Selling a Home: relative's wrong choice, crying the blues, wrong choice
crying the blues, wrong choice, money down: Melissa; I am a bit puzzled why next door neighbors or mentally handicapped neighbors are a problem to you or her YET! WE cannot control our neighbors no matter where we live. IF she is so sure she will be unhappy, why not just lease out the home...

Buying or Selling a Home: relator contract, termination of contract, home inspector
termination of contract, home inspector, lister: In Georgia, it works this way. Since you signed the listing contract with your realtor, that realtor has invested time and money to present your property. The realtor will usually release you from the contract for a buy-out fee (the fee is usually stated...

Buying or Selling a Home: relator contract, jessica bryan, termination of contract
jessica bryan, termination of contract, miscommunication: Dear Venkatesh; I am assuming that you are not satisfied with the level of service you are receiving from the brokerage or the agent has not been responsive and that is why you want to end your listing with them. I don t know how long you have had the listing...

Buying or Selling a Home: release a new home contract, home contract, military assignment
home contract, military assignment, ryan homes: Hello Ricardo and thank you for your question. You are certainly not alone in your situation and I am sorry. You need to look at your sales contract under the financing terms for language that says something like - Buyer is not making the purchase of...

Buying or Selling a Home: How do I relinquish co-ownership of a home with my sister, warranty deed, co ownership
warranty deed, co ownership, claim deed: Assuming your sister does have good credit, I would think that the lender would accept her as the new owner/payer, that s if they ever find out that she is the new owner. You can do it two ways: Either execute a warranty deed (the best way because it guarantees...

Buying or Selling a Home: relocating, homeowner benefits, david garcia
homeowner benefits, david garcia, owner financing: Theo, I would definitely recommend you look for owner financing terms. Buy purchasing a home with owner financing, you have the chance to repair cerdit until you can refinance. Meantime you enjoy homeowner benefits such as tax deductions & appreciation...

Buying or Selling a Home: renegotiate price, drivers seat, current market
drivers seat, current market, monies: The builder wants to sell that house to you. He has a lot more to lose by you walking away from your $1000 than you do. I would definitely try to renegotiate the price with him and threaten to walk away from your deposit if he does not comply. You are in...

Buying or Selling a Home: rent with option to buy, jessica bryan, dear barbara
jessica bryan, dear barbara, home realty: Dear Barbara; First, I would like to state that matters such as this are legal matters and therefore should be asked of an attorney. I cannot give legal advice. However, I can speak to the differences in contracts. As to the lease and if it is any good...It...

Buying or Selling a Home: rent to own problems, proper answer, late payments
proper answer, late payments, hi thanks: Hello Cheryl and thank you for your question. Unless you can tell me what terms for default / late pay that you have in your agreement with your sister I am unable to provide you a proper answer. In most cases, late payments are delt with by simply...

Buying or Selling a Home: rent to own rights:, carpeting, landlord
carpeting, landlord, good luck: This is too complex to be answered here. You should take the contract to an attorney, especially if you feel there was an intent to deceive your parents. A real estate attorney will be able to explain what their rights are, after reading the specific contract...

Buying or Selling a Home: rent to own/sell.........., home fsbo, jessica bryan
home fsbo, jessica bryan, multiple listing service: Hi David; It does seem like you have done all you can do. If the market is slow throughout the area, I would be very cautious about buying anything until your home sold. Having a home on the market just down the street and knowing that it still hasn t sold...

Buying or Selling a Home: how rent to own work, land installment, installment contract
land installment, installment contract, renter: Hello Jason and thank you for your question. Rent to Own, Contract for Land or Land Installment Contract is a legal agreement between the Seller and Buyer that: establishes a purchase price in the definable future, gives the tenant (renter) the option...

Buying or Selling a Home: rent to purchase, refundable security deposit, brokerage fee
refundable security deposit, brokerage fee, contract states: Hi Paul; You can check with an attorney to be absolutely sure (since your contract may or may not be binding. Only an attorney can advise on legality of the contract.) However, in most contracts, the listing agreement will hold and the conveyance of...

Buying or Selling a Home: rent a va home, owner occupant, loan contract
owner occupant, loan contract, first mortgage: The reason that s in there is so you won t buy the house with a VA loan and not live in it. The restriction is usually just for the first two or three years. That s because they give you a good financing rate as a owner-occupant. I don t know of any instance...

Buying or Selling a Home: rental agent question, google search, leasing properties
google search, leasing properties, jessica bryan: Among the many out there, the few that come to mind are www.forrent.com, www.rent.com and www.apartment-renting.net. I am sure that if you do a google search you will find lots and lots of companies that have websites where people can do a rental search and...

Buying or Selling a Home: rental property, douglas ingram, cost basis
douglas ingram, cost basis, rental property: Thanks Rich for your question. The mortgaged amount of the property is not factored in when calculating your profits. The cost you paid plus any capitalized expenses will add up to what accounting types call your cost basis. This represents that amount of...

Buying or Selling a Home: renting your house through section 8, whole slew, section 8
whole slew, section 8, hud: Rather than having me go over what you must do to sign up for Section 8, Shani, go to the subject line on your provider s page and type in section 8 and you will get a whole slew of ways to get involved with section 8. Just be aware that you re going...

Buying or Selling a Home: reply from question from before about back taxes, private mortgage insurance, mortgage balance
private mortgage insurance, mortgage balance, conventional loans: Terry, I am not going to be much help to you now, because I am not sure exactly “what” you are asking... and I am not familiar with any “fund” as it relates to a tax sale that will cover what a homeowner lost in a transaction. In the event of default...

Buying or Selling a Home: resale value/ pool, garden courtyard, ground pool
garden courtyard, ground pool, pool area: Hi John, Thank you for your question. A rule of thumb in New York suburban residential real estate had been that a pool does not add value to a house and will keep some buyers, especially those with little kids, away. And buyers looking for a property...

Buying or Selling a Home: resale value of remodeling, cupboard space, car garages
cupboard space, car garages, car size: Hi Lewis; This is an excellent question. It requires some critical evaluation on your part though. A garage is of good value in poorer climates so part of the answer depends upon where you live. One car garages are not of the same value though as larger...

Buying or Selling a Home: residential to commercial zoned property, bankbook, due diligence
bankbook, due diligence, commercial enterprise: Like any FSBO situation, Gary, you must be aware of everything regarding the property (make sure you find out what the zoning is, etc.) and what has transpired recently in the area generally. However, you may not need to. Buyers in your situation, in most...

Buying or Selling a Home: resort ocean front realestate, forida, oceanfront property
forida, oceanfront property, fornos: Hi Katherine, I have looked into the Anderson project and it seems like their prices are reasonable, as far as the future of Myrtle Beach, I cannot help you there, I m not familiar with the area except that I have vacationed there. Good luck and if I can...

Buying or Selling a Home: responsibilities after settlement, buyer sign, buyers agent
buyer sign, buyers agent, water heater: I would call back the buyers agent and say that since the buyer s inspector found nothing wrong with the water heater, I do not feel I have to pay for a new water heater. And if they want to sue, go right ahead. The small claims judge is going to see that...

Buying or Selling a Home: getting rid of a condominium, negative repercussions, time share condo
negative repercussions, time share condo, type share: Dear David: Place ads in local papers as a give-a-way, or in the Wall Street Journal if the share is out of the country. Perhaps charities would be willing to take it as they could use it as a fund raiser. Rent it just to get the maintenance fees paid for....

Buying or Selling a Home: Getting rid of unwanted property, unwanted property, local realtors
unwanted property, local realtors, contract states: That s a bunch of baloney, Ed. Only the person who actually purchased the property and signed the contract is/was responsible. You need not worry about ruining your mother s credit or anything like that. Just let them repossess the property. I guarantee you,...

Buying or Selling a Home: Who are the right fast home buyers?, tenant lease, military family
tenant lease, military family, mortage: Most of those companies that do the quick buyout will offer you .50 cents on $1. You might try putting it on the market right now with a good Realtor, and have the possession date, the date the renter moves out, some time in February or sooner. Price the house...

Buying or Selling a Home: roof, john mckenna, reply asap
john mckenna, reply asap, poor workmanship: Yes... by all means get a qualified Thermographer to do an infrared scan of the entire house. It will show many things that the naked eye cannot see. Please visit my website to learn more about this technology. http://texas-inspection.com Hope this...

Buying or Selling a Home: roof damage due to hail storm, hail storm, hail damage
hail storm, hail damage, disclosure law: Hello Sheila-- You say you have damage to your roof from a storm that occurred nearly 2 years ago? Further, you state that the previous Owner, the Realtors involved, and your now-Neighbors knew of the storm. And, further There was nothing disclosed to...

Buying or Selling a Home: roof problems found in inspection, mold problem, inadequate ventilation
mold problem, inadequate ventilation, ridge vent: When buyers search for a house, Frank, THEY EXPECT the roof to be in livable condition. In fact, had they spent, say, $6,000 on a new roof prior to selling the house, you would have expected it. And chances are while they may have wanted to recoup that expense,...

Buying or Selling a Home: For Sale Buy Owner/Commission Agreement, home fsbo, buy owner
home fsbo, buy owner, paulette: Hi Kim, To answer your question, it depends? I would be asking the buyer why is he wanting to buy the home without this agent? Sometimes the most honest actions may not be as honest as you think. Most of those contract has arbitration instructions on it...

Buying or Selling a Home: Sale of Co-op in Westchester County, NY, westchester county, capital gain
westchester county, capital gain, amount of money: Hi Loraine, Thank you for your question, it is a good one. I m happy to hear you will have a nice profit. That s great! No, it is not added to your income and taxed unless the amount of the gain exceeds $250,000. The gain is the amount of profit...

Buying or Selling a Home: Sale fell through at last minute/Canceling Contract, legal recourse, poor advertising
legal recourse, poor advertising, storage unit: Hello Mia and thank you for your question. First let me say I am so very sorry to hear of this situation, if what you say is so, this could had been prevented. Our multiple listing service is MRIS, Metropolitan Regional Information System. I m not sure...

Buying or Selling a Home: Sale of Home, high interest rates, escrow account
high interest rates, escrow account, last of august: Betty, I ve never heard of escrowing money for a water bill, but if you did indeed pay the bill, you should have received your money back. You need to call the attorney and request a return of escrow money.They will probably request you send them a letter...

Buying or Selling a Home: Sale of our home, dear james, monthes
dear james, monthes, moving to florida: Dear James: If you try to cancel the deal before time then they would have the right to sue for an amount of their choice which could be substancial (a lot of money). One option for you would be to talk to them to see if they are willing to cancel the deal...

Buying or Selling a Home: Sale of a house contingent on financing by buyer, mortgage commitment, settlement date
mortgage commitment, settlement date, recourses: I suggest you to read the contract for the recourses that you might have. Hopefully, a clause there may benefit you. Regretably you allowed a contingency that affected you greatly. Hopefully you could recover your losses by selling the house for a little...

Buying or Selling a Home: Sale of Land on Ebay, john mckenna, dirt trail
john mckenna, dirt trail, monetary damage: This question is outside the normal field of my experience, but I will give you my opinion anyway (this is just my opinion). Do the right thing and tell the truth NOW. Tell the buyer what happened and offer to give them their money back right now....

Buying or Selling a Home: For Sale by Owner, jessica bryan, lien waiver
jessica bryan, lien waiver, dear joan: Dear Joan; Of course you can use just one lawyer. He or she will represent the Buyer and will draw up the deed and lien waiver for you for a nominal fee as well. The lawyer will also ask for pay-off information if you have a loan, arrange for title company...

Buying or Selling a Home: For Sale by Owner, earnest money deposit, proactive work
earnest money deposit, proactive work, myriad details: Dear Leslie; It sounds like you have things covered. However, there are many things that can happen during the transaction (that is why there are real estate agents to handle the myriad details and potential problems.) The buyers may have an agent and if...

Buying or Selling a Home: For Sale by Owner, earnest money deposit, disclosure laws
earnest money deposit, disclosure laws, proactive work: Leslie, I am very sorry but I can not help you sell your house via online advice. There are disclosure laws and documents you need to be aware of as well as rules pertaining to earnest money. You cannot use a contract packet from Stapels. There numerous...

Buying or Selling a Home: For Sale by Owner, earnest money deposit, board of realtors
earnest money deposit, board of realtors, proactive work: That s fantastic that you ve had so much interest already! It sounds like you are well-priced in the area and if you are already having showings and interest, then you should be looking forward to an offer soon. We use the standard board of Realtors contract...

Buying or Selling a Home: For Sale By Owner, zero days, donna donna
zero days, donna donna, david garcia: Donna, To sell for sale by owner, all you need to do is fill out the sales contract with the buyer. You then turn in the contract along with a deposit of around $1,000 to the title company or attorney that will handle the closing. About selling in 3...

Buying or Selling a Home: Sale of Realestate in PA, state of pennsylvania, selling a property
state of pennsylvania, selling a property, real estate agent: No, Michele, I am sure PA does not have a law that says you must have an Agreement of Sale to sell real estate. However, the AOS usually covers all the topics and subjects you would need is buying/selling a property. If you want to sit down and write out...

Buying or Selling a Home: Sale of real Estate - income tax, anticipation of death, estate tax purposes
anticipation of death, estate tax purposes, medicaid benefits: Rob, I am going to give you what I believe to be correct information, generally, but you should contact an accountant or CPA and/or an estate tax attorney who is familiar with Florida law for exact and correct information (if Florida is where you Dad claimed...

Buying or Selling a Home: Salespersons duty of disclosure, home purchase transaction, delray beach florida
home purchase transaction, delray beach florida, new insurance: Don t bother with an attorney, Jay, unless they can prove there s enough money in this for the attorney s time and fee. At best, your client would have to prove how much more they had to pay with the new insurance company over the old and then they could take...

Buying or Selling a Home: Salisbury MA bank owned property, knowledgeable realtor, size bedrooms
knowledgeable realtor, size bedrooms, bank owned property: Hi Maryann - The answer is simple - get a knowledgeable Realtor who does investment property. They should be able to tell you what the rents will be. In lieu of that, you can check out the paper or craiglist and view other rental properties to determine...

Buying or Selling a Home: SCAM?, proper paperwork, 20th of april
proper paperwork, 20th of april, end game: Dear John, Everything depends on what your contract says. Based on what you told me it sounds like you are under no obligation to return the 3% nor should you. It also sounds like you are under no obligation to extend the transaction. My first guess...

Buying or Selling a Home: HOW CAN I SELL MY LEASE PURCHASE HOMES, principal balance, promissory notes
principal balance, promissory notes, lease purchase: Rebecca, You can sell those notes you ae holding for a cash out deal. Tell me what you have for each note & I will give you a quote for what I can get for you cash. Info about the note: 1. Property secured 2. 1st or 2nd lien 3. rate 4. principal,...

Buying or Selling a Home: SELLER STEALING BUYER'S DEPOSIT!, nothing but a nightmare, mr weber
nothing but a nightmare, mr weber, legal matter: Hi Dionna, Thank you for your question. This one sounds like it will become a legal matter. Based on your explanation my opinion is with your side, however this looks like it will go to court. Both of you delayed to contract by renegotiating for...

Buying or Selling a Home: SELLING HOME AFTER 1 YEAR, touchy area, capitol gains
touchy area, capitol gains, financial situation: With the new capitol gains laws and the current market that is a big issue. I highly recommend talking to an accountant on this, with the change in laws there are some ways around capitol gains but an accountant would be the one to tell you if you qualify...

Buying or Selling a Home: SELLING HOME, quick claim deed, foreclosure proceedings
quick claim deed, foreclosure proceedings, prime credit: Hi David, Sorry to take so long to answer your question, but I did not get the original email from All Experts for some reason! Anyway, there are a couple of issues that need to be addressed here as what this lender is suggesting is really not legal ...

Buying or Selling a Home: SELLING HOME TO A RELATIVE, knowledgeable realtor, comparitive market analysis
knowledgeable realtor, comparitive market analysis, mortgage brokers: If you want it to be a win-win for everyone, David, I suggest the following: Have three Realtors give you a comparitive market analysis. From this you will get an average fair value. Now set the price at 90% of that value. The buyer cannot complain at that...

Buying or Selling a Home: SELLING MY HOME, realty offices, luck john
realty offices, luck john, john hall: Sonia: If you feel comfortable selling your home on your own, and can come up with a price that is market value, then you should not have a problem selling. Most Realtors would look at the flyer as an opportunity for their buyer. You will get some...

Buying or Selling a Home: SELLING A JOINTLY HELD PROPERTY, jessica bryan, beach house
jessica bryan, beach house, best wishes: Dear Wayne, You and your friend must both sign off on the house in order to sell it. Without your signature, there can be no clear title delivered at closing. This is similar to a situation when a couple is separated and the wife wants to sell and the husband...

Buying or Selling a Home: SELLING LAND IN VIRGINIA, property markers, septic tank
property markers, septic tank, northern neck: Hello Partiza, Thank you for the notification. I will be in the area this weekend and if you can provide me with some directions to this property, I would like to drive by and get a look. Also is there a survey or property markers to show the property...

Buying or Selling a Home: SELLING/ QUIT CLAIM DEED, necessary papers, title deed
necessary papers, title deed, claim deed: You have no choice, Sekeyi but to consult a REAL ESTATE attorney and have your property PARTITIONED. That means you take the matter to court and have the judge legally partition the title away from your fiance and then sold with only you signing all necessary...

Buying or Selling a Home: SELLING, addtion, second mortgage
addtion, second mortgage, local real estate: Unless your state or county has some ordinance against it, I see no reason why you would be unable to sell your home. However, appraisals will most likely not include the addition, so you will more than likely not be able to get any additional money for the...

Buying or Selling a Home: Searching for a home.., time home buyer, first time home buyer
time home buyer, first time home buyer, market maryland: Derrick, I would definitely go with the older row home rather than a condo. If it is in a sufficiently safe neighborhood at this time, you will see that current owners are doing major internal rehab jobs. This happens in every major city and provides a...

Buying or Selling a Home: Searching Liens on Property, todd thornton, recorders office
todd thornton, recorders office, tax liens: Theresa, If you live in an area with a local courthouse, typically the liens are in the same location as the deeds. For most places that would be the recorders office in the courthouse. Some places have some information information online so you might want...

Buying or Selling a Home: Second house loan options, fha loan, game problem
fha loan, game problem, interest only loans: Hi Tony, Sorry for the delay. To answer your question, it depends on how/what you are going to tell the lender. You could go owner occupied since on the other property you had a co-signer. With owner occupied status, usually the rates a little bit lower....

Buying or Selling a Home: Section 8, low income families, section 8
low income families, section 8, stipulations: Section 8 is a program for low income families. It is where once the house is registered with section 8 or metropolitan housing, they find the tenants for you ( there is usually a long waiting list). And tenants have filled out paperwork and it has been...

Buying or Selling a Home: A Seeler Breached Their Contract With Me, company wells, finace
company wells, finace, seeler: If you still want that house, Doug, offer to pay half of that $7,000 if the seller will pay the other half. That way everybody will be happy. Better yet, the Realtor doesn t goet paid if this goes down the tubes. So, talk to the Realtor and say, you ll pay...

Buying or Selling a Home: Sel & carry loan, jessica bryan, dear joy
jessica bryan, dear joy, correct documents: Hi Joy; Yes, they will handle the documents (meaning they will have the Buyers sign and will notorize, arrange recording, do title search, etc. but the attorney should still draw them up for you so you are sure to have a binding agreement. The title company...

Buying or Selling a Home: Selecting a real estate agent..., windsor mills, violetville
windsor mills, violetville, maryland thanks: Hello Derrick, I spoke with a few Realtors in the area and I am comfortable recommending Terri Mand. Her contact information is: Terri Mand 1012 Baltimore Blvd Westminster, MD 21157 (410) 871-2600 Office (410) 596-4423 Cell Email: info@terrimand.com...

Buying or Selling a Home: Sell or buy first?, average credit scores, hello john
average credit scores, hello john, permenantly: Melissa: The only dumb question is one not asked - so much for philosophy. In most areas, the top selling months for homes are May, June and July. It seems most people want to sell and move during the summer months when schools are out. Here California,...

Buying or Selling a Home: Sell my Doublewide, freeman associates, associates realtors
freeman associates, associates realtors, doublewide: Eddie, Hello there. My name is Erick Claytor and I am a broker / consultant with ERA Freeman & Associates, Realtors in Gresham, Oregon. I have recently been assigned to answer questions in this section of Allexperts. I apologize that no one was assigned...

Buying or Selling a Home: Sell or Hold, high interest rates, s market
high interest rates, s market, rate mortgage: Dear Mr. Clifford: It seems like you are not interested in the property as much as in the money that the property will produce you (what an investor would think). At the current market condition properties are not increasing in value at most places. Some...

Buying or Selling a Home: Sell a House, boogie man, flood plains
boogie man, flood plains, loan fee: Kate; I can tell u about the steps to close a house but that could take me 25 pages. IT has become complicated. but succinctly, some points for you; NONE of the fees to be paid at COE are automatically the responsibility of the seller or the buyer--that...

Buying or Selling a Home: Sell a House, tax stamps, dear kate
tax stamps, dear kate, lien waiver: Dear Kate; The fees that you will incur are sometimes determined by the contract with the Buyer. If you are representing yourselves then you will not pay a listing agent fee and will simply pay the Buyer s agent (if there is one) their fe--which is negotiable....

Buying or Selling a Home: Sell a House, settlement office, reccommendation
settlement office, reccommendation, apoligies: Hello Kate, thank you for your question. I am so very sorry however I am only licensed in DC & Virginia and have no actual knowledge of the transaction fees associated with selling a property in Maryland. My reccommendation is to either ask your real estate...

Buying or Selling a Home: Sell or hold on?, schmooz, good paying jobs
schmooz, good paying jobs, sw florida: Check to see what the market would be with a very knowledgeable real estate agent. Just be aware that if you do not tell the agent(s) what you are trying to do, they will try to list your house and make all kinds of assurances that they can get the price you...

Buying or Selling a Home: Sell my home, fha loans, fha loan
fha loans, fha loan, downpayment: Hi Sandra, Wish I had better news for you. Unfortunately FHA loans are only assumable WITH qualifying at this time. If you try to sell this property to your nephew without him qualifying, the lender can call the entire note immediately due and payable....

Buying or Selling a Home: Sell a home, executor of an estate, gi loan
executor of an estate, gi loan, long houses: It s hard to say if it is a good idea or not. Take a look at the Real Estate Market in your area and see how long houses are sitting on the market. Do you need to liquidate the house immediately, or could you sit on it for a year. Additionally, while you...

Buying or Selling a Home: Sell our home ourself?, describtion, hefty fee
describtion, hefty fee, downpayment: Dear Mason and Anne Marie; To answer your question about a for sale by owner transaction the first thing to consider is the price range. If the home is an entry level price range for your area, or if you live in an area where homes sell quickly with lots...

Buying or Selling a Home: Sell our home ourselves?, ms foley, multiple listing service
ms foley, multiple listing service, disclosure forms: Dear Mason and Anne Marie: Usually an agent can obtain the highest possible price for a property, based upon their years of professional experience. Plus,they pay for all of the marketing tools and the extensive advertising costs. They also have a better...

Buying or Selling a Home: Sell owner Finance?, owner finance, equitable owner
owner finance, equitable owner, option fee: Hi Lisa: You said housing is in demand. If that is the case, then why would you even consider anything less than a conventional sale, that will put 100% of the net proceeds in your pocket in 30 days? As the following alternatives involve risk, and if something...

Buying or Selling a Home: Sell to my son?, revocable living trust, successor trustee
revocable living trust, successor trustee, reverse mortgage: I recommend you talk to that TRUST attorney or a CPA or a tax attorney or a tax expert of some kind. In talking to them, they would be able to advise better because of your proximity to them. Renting to one s mother may raise other problems because the IRS...

Buying or Selling a Home: Sell now?, denver newspapers, bedroom condo
denver newspapers, bedroom condo, phoenix az: Anthony: I am not familiar with either housing market, so I cannot give specific advice as to the areas. However, in general, it appears that prices in a lot of areas will be leveling off in the next 10 to 12 months. Here in California we do not see...

Buying or Selling a Home: Selleing Contracts, passing the word, reator
passing the word, reator, contracts: You have no idea, Mike, how many questions I receive just like yours. What is happening is that there just isn t that many buyers out there. But that doesn t mean the broker shouldn t be advertising and working to get your house sold. I would suggest you...

Buying or Selling a Home: Seller backed out, local realtor, option money
local realtor, option money, interested buyer: Wow! That is very frustrating. Your agent should not have taken a contract tot he Title company until all parties signed, but in some states, if the sellers agent says done deal then it is accepted. Check out the state laws, and the local REALTOR ethics...

Buying or Selling a Home: Seller backing out of PA/bad realtor, dealy, earnest money
dealy, earnest money, state of ohio: Dear Christine, I am going to answer this question based on how it would play out if it was in California. If the seller agreed to the purchase agreement and you met all the terms the seller is obligated to sell you the home or they have serious legal...

Buying or Selling a Home: Seller changing terms after purchase agreement has been signed., s broker, dangerous precedent
s broker, dangerous precedent, washer and dryer: Dear JaNeil, Thank you for contacting allexperts.com. I hope that I can assist you with this question. The laws vary from state to state. But in speaking in general, if there is an appliance in the house at the time that the offer is made and there...

Buying or Selling a Home: Seller Disclosure, mold and mildew, seller disclosure
mold and mildew, seller disclosure, repair estimates: Hi Dan, Thank you for your question. I am sure you had an engineering inspection. The rotted wood you are refering to was probably not visible to the inspector. Since the damage was hidden by the molding it could be possible the seller did not...

Buying or Selling a Home: Seller's Disclosure, small claims court, promblem
small claims court, promblem, repair person: Dear Jon: Yes, you did have a horrible agent if you were not provided with a copy of the bill from a licensed repair person. That should have been what your agent demanded! You should request proof of what your agent received that allowed him/her to claim...

Buying or Selling a Home: Seller did not disclose lack of building permit for addition., cape code, wooden posts
cape code, wooden posts, sellers agent: Hello Brannon and thank you for your service to our country. I apologize in not responding until today, I was fishing all weekend on a boat. I ran into a situation similar to yours before however it was during our home inspection and we required the seller...

Buying or Selling a Home: Seller not disclosing flood damage, mold inspection, legal guidance
mold inspection, legal guidance, flood damage: Hello Karem and thank you for your question. I would never advise anyone from seeking legal guidance and this may be a good time to get a legal opinion. As far as the disclosure on the Sellers part, they are only legally required to disclose a known structural...

Buying or Selling a Home: Seller Expenses/Buyer loan fees, residential rental property, buyer fees
residential rental property, buyer fees, buyer loan: i THINK the buyer s down payment is coming in the form of a grant and the grant has a fee set up by the grant provider [what a beautiful con]. You have no obligation to pay for such a thing--unless you have ALREADY agreed to do so in writing. WHERE...

Buying or Selling a Home: Seller's Failure To Disclose on Land Purchase, cost effective design, sebastopol california
cost effective design, sebastopol california, blind curve: Antje, sorry to be late in responding, I am in Mexico right now. In all honesty, in the situation you describe, your only answer will come from an attorney. Also, I am not licensed in California and have no idea what the disclosure laws are. Disclosure...

Buying or Selling a Home: Seller-Financing (creative) for a MH on property, loan assumption, sf bay area
loan assumption, sf bay area, seller financing: Hi Ann, Thank you for your question. Let me try to address the issues you ve pointed out to the best of my ability and I welcome you to contact me should you have any additional questions regarding this matter. The easiest way to transfer over this property...

Buying or Selling a Home: Seller fail to close, deposit money, legal question
deposit money, legal question, church group: Hello Danny: Assuming that there is no specific contingency in the P & S that covers this scenario: A) The seller is responsible for closing at the assigned date and time. If they fail their responsibilities, you can receive all your deposit money back...

Buying or Selling a Home: Seller financing re: M.H.??, boca raton florida, polk county florida
boca raton florida, polk county florida, state mortgage: There are many questions here. What will you do if you move out of your home and sign a rent to own agreement? You will still be responsible for making your payments to the lender and your tenant/buyer will be able to take over the monthly lot rent payments...

Buying or Selling a Home: Seller/Landlord Waits, credit concerns, term tenants
credit concerns, term tenants, taking her time: If the unit is already rented than she might just be waiting for the current lease to expire. Sometimes landlords cleanup the building after a previous tenant moves out. There are no financial benefits that I can think of. She might just be thinking of...

Buying or Selling a Home: Seller Liability, consumer affiars, home warranty
consumer affiars, home warranty, furnance: Hello Brent and thank you for your question. Sorry I am late in responding, I am on vacation. My understanding is that CO2 is odorless which is why they make detectors. The smell you may have noticed is dust in the burners and duct work that accululated...

Buying or Selling a Home: Seller Liability, hvac technicians, moisture sensor
hvac technicians, moisture sensor, home warranty: My first suggestion is to contact a local Real Estate agent who can give you advice specific to your state. Also, ask the agents opinion of whether you need an attorney or not. If the Sellers knew of the faulty condition of their furnace, more than likely...

Buying or Selling a Home: Seller Liability, home warranty, full disclosure
home warranty, full disclosure, time frames: Hi Jim, There is no Federal law that says a seller is liable for something that goes wrong up to one year after the sale of a home. Usually there are state laws, however, and special forms to fill out that require a seller to make a full disclosure of anything...

Buying or Selling a Home: Seller Liability, legal recourse, real estate contracts
legal recourse, real estate contracts, due diligence: Hello Tina and thank you for yor question. Usually when a home is sold with a well and or septic system, the Lender and or Buyer requires a seperate inspection to ensure it is in good working order. This inspection is normally requested in the body of...

Buying or Selling a Home: Seller made wrong disclosure, seller disclosure, wei li
seller disclosure, wei li, earnest money: Wei Li--As we re NOT Attorneys, we cannot give you LEGAL ADVISE! But... You MAY or MAY NOT have the right to a refund of your Earnest Money if you fail to satisfy the Contract! It DEPENDS on what your Contract says about matters such as the one you describe....

Buying or Selling a Home: Seller cannot meet terms to close, dealy, earnest money
dealy, earnest money, state of ohio: Hi Christine; I don t know how the seller wouldn t be aware of the additional funds since it was probably written into the contract which they signed. If it wasn t then you have to close regardless and will have to pay the additional money. Everything should...

Buying or Selling a Home: Seller Offering Closing Cost Credits for Using a Preferred Lender, mortgage brokerage, definitive case
mortgage brokerage, definitive case, preferred lender: Hi Chuck, Interesting subject you have brought up. Builders, mainly, use this practice VERY frequently. The million-dollar question is, is it legal? I have never received a clear-cut answer on this, even from an attorney. I’m not saying there is no...

Buying or Selling a Home: Seller present during Home Inspection, oral contract, question the answer
oral contract, question the answer, single thing: Good morning Gloria and thank your for your question. The answer is yes. It s their home and if they care to be present during the inspection you can not shut them out. The good news is this, you can certainly use this to your advantage and here is...

Buying or Selling a Home: Seller refused to pay for repaired linolium, mail trail, small claims court
mail trail, small claims court, jessica bryan: Dear Colleen; If the previous owner told you before closing that she was not going to pay the $310 and you still closed on the house then you basically accepted the fact that she wasn t paying and still bought the house. At this point, getting an attorney...

Buying or Selling a Home: Seller refusing to leave items stated in listing, escrow contract, washer and drier
escrow contract, washer and drier, escrow companies: Dear Allexperts visitor: You could review the transfer disclosure. On it you could find what was supposed to be transferred upon sale. Also, on the Listing the items being left at the property are stated, but sometimes not all of them are listed. You could...

Buying or Selling a Home: Seller remaining on property after closing, home owners insurance, time home buyer
home owners insurance, time home buyer, first time home buyer: Dear Justin: You are not being paranoid, but you are being wise, circumspect and 100% correct. DO NOT LET THE SELLERS REMAIN IN THE HOME ONE SECOND AFTER CLOSING!!!!! Your insurance would indeed be impacted as you would need to get a renter s policy. You...

Buying or Selling a Home: Seller did not repair linolium, small claims court, linoleum
small claims court, linoleum, magistrate: Hi Colleen, Whether or not the previous owner is legally obligated to pay or repair the linoleum depends on whether or not there was any written agreement in your Contract of Sale (or any addendum thereto) signed by the previous owner agreeing to make the...

Buying or Selling a Home: Seller responsibilities, errors and omission insurance, financial obligation
errors and omission insurance, financial obligation, city inspector: Gee, Bill, why would anyone be so quick so spend money they might not have to. Once some one opens their wallet in a real estate transaction, that wallet becomes a continuous source of income requests. I like his attitude of just paying, but agreeing to...

Buying or Selling a Home: Seller sitting on offers, bank owned property, verbal response
bank owned property, verbal response, lending institutions: Hi Sandy, Lending institutions offering properties for sale are, generally, slower in responding than traditional Sellers, but after nine days you should have heard something, even if a verbal response. I am always suspect when a response takes this long...

Buying or Selling a Home: Seller is very slow to close, valid contract, ends aug
valid contract, ends aug, board approval: Hi Chris, Thank you for your question. They may have trouble with the place they are moving to. It sounds like have have done the right thing by having your attorney send time of the essence letters to start. But in New York the buyers and sellers...

Buying or Selling a Home: Seller's title insurance?, title insurance, title company
title insurance, title company, dick: Yes, but you can ask for and receive a discount. The buyer will want title insurance anyway. The buyer or title company has no way of knowing that you may have incurred an additional liability on the title, even if it was yesterday. I do wish you well....

Buying or Selling a Home: Selling, comparitive market analysis, mature plants
comparitive market analysis, mature plants, year one: One factor in your favor is that you are finishing your lower floor, which will save a potential buyer the time and money of having to do so themselves. I am not overly fond of Realtors, for many reasons (not the least of which is that I am one). But the...

Buying or Selling a Home: Selling 1st Home to Buy 2nd Home, aunt lives, best bet
aunt lives, best bet, home thanks: Gina: You best bet is to interview a couple of local agents and choose the one you fill most comfortable with. If you are not familiar with the local market and what it takes to sell a home, you need a professional to assist you. Ask around for referrals...

Buying or Selling a Home: Selling 2 houses and Buying 1, legal ramifications, gift taxes
legal ramifications, gift taxes, good luck: Hi, Thank you for your question. Before you build an addition onto a house for a second family unit be sure the local zoning allows for it. You may best be suited to buy a property with two houses on it already or two houses next odoor to each other....

Buying or Selling a Home: Selling Out, escrow account, magic figure
escrow account, magic figure, third choice: Hi Carlene, In addition to receiving your share of the equity in the house, you have another issue to resolve if your boyfriend wants to keep the house: Removing your name from the mortgage. To determine the fair market value, you and your boyfriend...

Buying or Selling a Home: Selling a 20 yr old Home, minor cosmetic changes, home equity loan
minor cosmetic changes, home equity loan, current market value: Hi Christine; I think that most of your bills should be paid off with a home equity loan before you apply for a new loan. It will not hurt your chances of getting a loan. However, if there is any question, it is best to speak with a lender who deals with...

Buying or Selling a Home: Selling, joint tenancy, nursing facility
joint tenancy, nursing facility, nursing home: This sounds like on something an ESTATE attorney can advise, Dennis. You have not said HOW you hold title with your mother. i.e. Joint Tenancy, Tenants in Common, etc. Who lives in it? Did she convey part of the title before or after she went into a nursing...

Buying or Selling a Home: Selling & Buying, valuation system, john hall
valuation system, john hall, intangibles: Phyllis: First of all, I am not the John Hall from Arizonia - my office is in California. Now to your question. List ing with a good friend, may or may not be the right thing to do. I suggest you interview 2 or 3 other agents. Question them, as well...

Buying or Selling a Home: Selling a Condo Below Market Value, financial repercussions, income producers
financial repercussions, income producers, current market value: Jason--Do you WANT to sell the Condo OR do you HAVE to sell it cause you re having financial difficulties that are interfering with your making of the monthly payments? You DOUBT it will sell for its current Market Value? Have you had a Real Estate Professional...

Buying or Selling a Home: Selling my Condo below Market Value, keller williams realty, financial repercussions
keller williams realty, financial repercussions, current market value: Hi Jason In the past I had great luck finding tenants on Craig s List. I rented a house out in 7 days with about 15 inquiries. I also had a nightmare tenant. My first advice is to trust your instincts. Don t rent to someone that seems a little off...

Buying or Selling a Home: Selling co-owned home, mortage payments, realtor fee
mortage payments, realtor fee, peroid: Hello again, Jack. If you don t want to lose your 50% interest to a foreclosure, Jack, you MUST make ALL the payments. And, yes, she will gain the benefit of YOUR making the payments. I would suggest you go to her and ask something like this, What would...

Buying or Selling a Home: Selling a condo under lease, santa clara ca, lease termination
santa clara ca, lease termination, lease agreement: Thank you for your question and concern about the tenant, it shows that you care. The lease will go with the sale and the new owner would have to honor it, as long as the tenants are in compliance with the lease. Now you could talk to them and tell them...

Buying or Selling a Home: Selling contract?, dillon woods, private lane
dillon woods, private lane, luck john: Dillon: I cannot answer your question completely since I am not familiar with the real property laws of Michigan. However, here in California, if someone is selling a manufactured home and it is on private lane, then they would need a sales contract...

Buying or Selling a Home: Selling a doublewide, doublewide homes, building a house
doublewide homes, building a house, website www: Hello Pam and thank you for your question. I have no experience with doublewide homes and am sorry not to be much help to you. I would try this website www.manufacturedhomesource.com I saw this one and it will help to locate dealers and communities in...

Buying or Selling a Home: Selling Florida Property, jessica bryan, real estate in florida
jessica bryan, real estate in florida, home realty: Hello; The easiest thing to do would be to look up a couple of large companies that are in the same area as your Parents property. You can look them up online by checking for real estate in Florida. Or, you can go to ww.realtor.com and look up properties...

Buying or Selling a Home: Selling to a Foreign National, foreign nationals, professional realtor
foreign nationals, professional realtor, nest egg: Hi debi, thank you for your question, but I m at a lost for information based on what you tell me. A foreign national if applying for the correct loan should be no diferent and sometimes easier than anyone else. Hopefuly you are in the hands of a professional...

Buying or Selling a Home: Selling my first home, giving me a hard time, capital gains tax
giving me a hard time, capital gains tax, long island ny: Hi Kathy, Sorry you and your brother are fighting about this. One solution would be for you to ask your brother to buy you out. If he thinks the house is worth 750 then you can offer him your half for a discount of not 375, but maybe 325,000. He gets...

Buying or Selling a Home: Selling to first time home buyer, first time buyer, faith deposit
first time buyer, faith deposit, time home buyer: Dear Lee; Thank you for your question… Unless you have a city, county, state, or federally guaranteed loan program that was used when you purchased home with stated conditions when you sell your home, you are not responsible for paying any closing costs...

Buying or Selling a Home: Selling Half of Our Cottage, original mortgage, new mortgage
original mortgage, new mortgage, mortgage company: If you are definitely tearing down the house, Zvonko, I would recommend you put together a package that includes the plans for the new house, go to a new lender, or the existing lender and tell them what you are planning to do. You should do this BEFORE...

Buying or Selling a Home: Selling Half your Equity, mortgage balance, 10 months
mortgage balance, 10 months, mortgage payments: Be aware, Mara, that if you do not watch and tend that property once you move out, you re letting yourself in for problems you never knew about. First, having a rental is like having a regular business and you must treat the property with same attitude as...

Buying or Selling a Home: Selling Home, chickens, cousins
chickens, cousins, partition: Whenever a property is put on the market, April, EVERYBODY must sign the listing if you are using a Realtor. If even one chooses not to sign it, then the only other measure you can use is to hire a REAL ESTATE attorney and he/she will file a PARTITION LAWSUIT...

Buying or Selling a Home: Selling Home, promissory note, home today
promissory note, home today, aol: It is obvious to me that the perosn who filled out those forms is not an attorney nor a Realtor, Carol. If the buyer is buying the property, whether he is putting 50% down or 5 cents down, he still has to pay the WHOLE TAX BILL when it comes due. The promissory...

Buying or Selling a Home: Selling a Home in Foreclosure, mortgage trust, california broker
mortgage trust, california broker, rue the day: The foreclosure process in California is 111 days, however it seldom is less than 120. In whose name is the mortgage (trust deed in California), Dan? If it is in your grandmother s name, then I guess she doesn t care about a foreclosure against her name....

Buying or Selling a Home: Selling Home - how long of a contingency in slow market?, cleveland ohio suburb, contingency period
cleveland ohio suburb, contingency period, sellable condition: Hello Barry, A 6 month contingency period is on the long side. Even in a slow market if the home is priced accordingly it should still sell in the avg market time for the area. Your buyer should supply you with all the information needed to show that the...

Buying or Selling a Home: Selling Home By Owner, real estate sales, earnest money
real estate sales, earnest money, john hall: Dusty: The paper work needed to sell a home varies by state - as does the necessary disclosures and all other procedures. If you plan on selling the home yourself I highly suggest you contact a real estate attorney to review what laws are in affect for...

Buying or Selling a Home: Selling A Home, capital gains tax, diffence
capital gains tax, diffence, tax expert: If the house is your primary residence, Michael, then if you live in it for two of the past five years, you are entitled to pass up paying any capital gains tax for up to $250,000 (assuming you are not married). Ten years ago you had a lower tax basis...

Buying or Selling a Home: Selling My House, dear scott, value ratio
dear scott, value ratio, stipulation: Dear Scott; Thank you for your question. It is a good one especially in light of the lending industry problems you have recently read about. If this was an 80% to 100% financed home, yes this would more than likely an issue with the lender. One of three...

Buying or Selling a Home: Selling House / Contract / Inspection, basement leaks, sellers disclosure form
basement leaks, sellers disclosure form, basement leak: Janice, I m sorry to hear about your parents. As to your question, it depends on state law as to what liability you have in the sale of a home. Most states now require a sellers disclosure form as to the condition of a single family home. (at least when...

Buying or Selling a Home: Selling House after listing expired., jessica bryan, real estate broker
jessica bryan, real estate broker, interested buyer: Since the listing has already expired, you will need to read the fine print to see how long the agent can claim a sale. Sometimes it can be 30 days after the listing expires, and sometimes even longer. The listing agreement may vary from area to area around...

Buying or Selling a Home: Selling my half, claim deed, please answer
claim deed, please answer, co owner: Hi Christi, Yeah, you can do a quit claim deed to your current partner. That takes you off of the title, then the new buyer and your partner can get a new loan to take you off the old loan. You ll want to do this with the help of a good attorney or an...

Buying or Selling a Home: Selling half a house, jessica bryan, loan papers
jessica bryan, loan papers, getting a loan: Dear Zane; This will be a much simpler procedure but will require an attorney to file the paperwork. Since your sister is already a co-owner, you will be signing the deed over to her with a transfer of title by removing your name. An additional document...

Buying or Selling a Home: Selling half a house, v propp, family conflicts
v propp, family conflicts, allexperts: Zane, First let me state for the record that I am neither an attorney nor am I licensed for real estate in your state. Having said that let me give you some general advice on this type of situation. Typically this is a very straight forward situation....

Buying or Selling a Home: Selling my home, e mail address, real estate lawyer
e mail address, real estate lawyer, bedding plants: Dear Bob; When selling a home by yourself, the first thing I like to know is if the Sellers have ever sold a home before. The reason is there is quite a bit to know about doing this to protect yourself. I would like to refer you to a chapter in my book:...

Buying or Selling a Home: Selling my home, sinc, quick fixes
sinc, quick fixes, no doubt: Dear Wendy; Perhaps I misunderstood about your buying a new house. Have you already closed on it and if so how is it that you are putting a balance on it? If you haven t closed, then you are probably still going through the loan qualifying and the lender...

Buying or Selling a Home: Selling home, stay at home mom, rental agreement
stay at home mom, rental agreement, personal problems: Yes, I had that feeling. For whatever reason, Dawn, if a Realtor slows down on his obligations in buying, he is looking for a way out. However, apparently you price must be okay. So you should be able to find a buyer soon. But do not let your building another...

Buying or Selling a Home: Selling a home, todd thornton, diminsions
todd thornton, diminsions, accurate measurement: If you have access to the home, you can measure it yourself. If it s a one story home, you simple multiple the length times the width of the outside of the home to determine total square footage. If it s a two story home, it can get more complicated since...

Buying or Selling a Home: Selling a home, check stub, loan requirements
check stub, loan requirements, earnest money: So sorry for you! I am afraid that this has become a common thing. The mortgage company should be held liable. You have a few options, you can contact an attorney, take other offers, put the house back on the market, and I would take the 1% commision drop...

Buying or Selling a Home: Selling a home, investment groups, prepayment penalties
investment groups, prepayment penalties, investment club: Anna, Look for an investment club, and attend one of their meetings and tell them your situation. But do your homework first. Get a market analysis from a reputable real estate agent so you know your homes value, also know exactly what you owe to clear your...

Buying or Selling a Home: Selling my home, coldwell bank, realestate
coldwell bank, realestate, realtor: Well you should first talk to your realtor and let him or her know the reasons you are not satisfied and maybe you agent will work on making the changes. If the only concern is that you want the 10% down make the changes in the agreement and if they do not...

Buying or Selling a Home: Selling my home..., jessica bryan, appraisal value
jessica bryan, appraisal value, sealed bid: Dear Heather; I know that it is hard to believe that you haven t had a single call yet. However, it is not only possible but a complaint I am hearing a lot right now. Your agent might have to resort to different types of advertising or even tactics like...

Buying or Selling a Home: Selling a home, discount brokerages, owner program
discount brokerages, owner program, florida first: First of all, let me explain that I am a Broker with a full-service company so I am a little (a lot) biased. I m sure that there are satisfied clients of these type of companies but in my experience, there are several problems that arise. Some of the by...

Buying or Selling a Home: Selling a home, equitable title, land contract
equitable title, land contract, several ways: Not the way you describe, Mike. Depending on the state in which the property is located there are several ways to sell the house and do the financing yourself. There is only one way you can retain title to the property while he is making payments to you. It...

Buying or Selling a Home: Selling a home AS IS, traverse city michigan, nashville tenn
traverse city michigan, nashville tenn, disclosure issues: I can provide some ideas for your consideration. Okay, you ve bought a house needing fix-up, are done with the rehabilitation and ready to sell it. You ve left out a few key pieces of information, but I will answer as well as I can with the information you...

Buying or Selling a Home: Selling my home, executor of an estate, gi loan
executor of an estate, gi loan, necessary repairs: Hi Lowell, Great question! I m not sure I can tell you the best course of action, but I can certainly point out the things that you ll need to consider to make that decision. Your objective is to sell the home for the best price and terms you can negotiate...

Buying or Selling a Home: Selling a home, executor of an estate, gi loan
executor of an estate, gi loan, necessary loan: He s pulling your leg, Lowell. Further, the seller is required to pay the necessary loan points (a point equals 1% of the loan amount). The buyer (the vet) is not permitted to pay those points. But you can jack up the price to compensate for those points if...

Buying or Selling a Home: Selling home, selling a car, heisler
selling a car, heisler, mattson: If your satisfied that you re getting a fair price, you should contact a real estate attorney to draw up the offer. Make sure you understand the buyers financing and any other contingencies before you sign. The attorney will close out the loan for you. ...

Buying or Selling a Home: Selling home, john hendricks, entirity
john hendricks, entirity, promissory note: Dear Carol... I need more information to answer your question properly. In what state are you selling the property? Do you have a Realtor and escrow company or an attorney representing you in this transaction? Is this your main residence or a income producing...

Buying or Selling a Home: Selling of a home, color carpet, carpet allowance
color carpet, carpet allowance, new carpet: Jennifer: If you are planning on selling the home soon, I would suggest not investing any further money in the home, such as buying new carpet. Just offer a carpet alowance when you sell the home. Most buyers would prefer to install their style and color...

Buying or Selling a Home: Selling home, hi doug, realto
hi doug, realto, real estate commission: Hi Doug, Someone told you that if you sell before four years, you might have to forefeit a higher percentage of your profit, but you re not sure what they were talking about. Is that what you re asking? I also don t know what they re talking about. If you...

Buying or Selling a Home: Selling my home, partial answer, david garcia
partial answer, david garcia, buyers agent: Linda, Only 1 web site is operating right now. Anyway, please let me know if I can help. I can coach you step by step to sell the home yourself & save commission. I have very good lenders that can help your buyers with a loan. DG www.ezreinvesting.com...

Buying or Selling a Home: Selling our home, opinon, time homebuyers
opinon, time homebuyers, own eyes: Dear Jamie; The listing 30283303 shows an older home with no indication of double lot, hot tub, granite counter tops or other improvements. The front of home does not look inviting. The photo should be taken closer with no car in the driveway. Also,your...

Buying or Selling a Home: Selling our home, real estate broker, appriasal
real estate broker, appriasal, land broker: Definitely a Land Broker that knows both Acreage and the Development land Market. I would ask for Comps. If you are not sure... get a really good appriasal and have them take into account any speculative value for development potential. Best of Luck......

Buying or Selling a Home: Selling my home, loan commitment letter, termite damage
loan commitment letter, termite damage, air handler: Hi again! If you put in your contract that you will not be responsible for anything that needs to be fixed, than you will not be responsible. Thay should however have that repair excess out. (if the repairs costs more than a certain amount) Don t waste your...

Buying or Selling a Home: Selling our home in a bad market, magic wand, mint condition
magic wand, mint condition, money magazine: Hi Sharon, I wish I could waive a magic wand and have your home sold for you! In Colorado we are experiencing the same market cooling trends and it is tough to sell right now. Every house will sell at the right price. It sounds like you just want to...

Buying or Selling a Home: Selling our home in a bad market, mls services, mint condition
mls services, mint condition, money magazine: Hi Sharon, Thanks for your question. I m sorry to hear about all of the trouble you re having selling your home. I can tell you that you re not alone. The market, at least out here in SoCal, has really slowed down. Prices aren t coming down too fast, but...

Buying or Selling a Home: Selling a home your just bought, asumption, money pit
asumption, money pit, financial sense: Hi Jeff, Thank you for the clarifications. Based on the scenario you are projecting you should sell and get out now into a comfortable rental and hope the market comes down a little so you can get back into a home at a lower price. Interest rates...

Buying or Selling a Home: Selling a home and building a home., closing cost estimate, discount realtor
closing cost estimate, discount realtor, oklahoma city oklahoma: Since you didn t actually ask me a question, Jeff, I will address a few things I saw in your book. First of all, that real estate agent. I won t call him Realtor because he does not warrant it. He could not be trusted. Unfortunately for you, Jeff, you...

Buying or Selling a Home: Selling a home/capital gains, capital gains tax, cost basis
capital gains tax, cost basis, closing cost: Hi Nicole, Congratulations!! On being engaged and on having a gain on your property s value. Don t be afraid of capital gains. In reality it is a good thing. It means you made money. Much better than losing money. This is how it works. A capital...

Buying or Selling a Home: Selling our home/choosing a realtor, time ann, luck john
time ann, luck john, hi john: Ann: The best way to find a good agent is to seek a referral from a friend or relative. If they have had a good experience then that would be the best place to start. If you are unable to get a referral then the next best way is to interview three agents...

Buying or Selling a Home: Selling a home with existing lien on it, different story, title company
different story, title company, selling a home: You could put your house on the market even now . . . or later. It doesn t matter. When you get a buyer, the proceeds from the buyer s loan will pay off the lien prior to the closing. The lender and the title company will make sure the lien is paid. But...

Buying or Selling a Home: Selling a home - first time, realtor fee, revenue stamps
realtor fee, revenue stamps, septic inspection: Hello; I am not sure of the costs and taxes in individual states, but I can say that there should be no title insurance fee for you to pay since this is a buyer s expense and choice. In addition, the recording fee is usually a buyer s fee as well. These...

Buying or Selling a Home: Selling a home of little value in Illinois, poor neighborhood, time home buyer
poor neighborhood, time home buyer, first time home buyer: Kimberly, Your best bet on the home is to try to sell it to an investor or first time home buyer. In Chicago many neighborhoods that were depreciating in value are now on the rise thanks to investors who buy that type of home and invest the time and money...

Buying or Selling a Home: Selling a home in Nevada, real estate sales, emancipated minors
real estate sales, emancipated minors, legal address: it must be in writing to be ENFORCEABLE. the sale must be between adults [or emancipated minors] and those who are financially qualified. the contract must have the buyer s name and the legal address of the property and the prop must not be in foreclosure...

Buying or Selling a Home: Selling a home in NY City, home equity loans, todd thornton
home equity loans, todd thornton, home equity loan: Joan, I don t know the law in New York, but I believe you are referring to a three day right of recission (ROR) which allows a person to change their mind for up to three days after signing papers. Typically, this 3 day ROR is for timeshares and second...

Buying or Selling a Home: Selling home privately, real estate lawyer, jessica bryan
real estate lawyer, jessica bryan, real estate broker: Dear William; If you are just worried about the contracts and the closing a real estate attorney can handle this. Fees vary from about $300 to $1,000 depending upon your region. You may want to consider consulting with a local broker however, to have them...

Buying or Selling a Home: Selling a home after purchase, jessica bryan, tax interest
jessica bryan, tax interest, tax situation: Dear Tonisha; An accountant can look over the investment taxes and tell you more about your individual situation since there are certainly benefits to holding a property for a specified length of time based on your tax situation. As for guaranteed profit...there...

Buying or Selling a Home: Selling a home, with a realtor, but on my own, estate publication, delima
estate publication, delima, asking price: Hey Brian - welcome back. My answer as to how I would respond certainly may not be what your agent is willing to do - my job is to sell your property and I will do what I can to make this happen. I would like to think that, in the big picture, your agent...

Buying or Selling a Home: Selling my home what are my rights?, state mortgage, independent person
state mortgage, independent person, president state: I think you are being a bit greedy. You agreed to sell your home to the buyer at a price that you determined was fair. Just because the appraisal came in higher does not mean you are able to renegotiate the sales price or the terms of your contract regarding...

Buying or Selling a Home: Selling home--running out of time, help!, running out of time, good afternoon
running out of time, good afternoon, asking price: Gee, Brian, it sounds like 1991 all over again. One thing I strongly suggest is DO NOT PANIC! I don t know your location, but making that mistake would be disasterous. As long as your wife has a great job, I hope that means you should NOT have to worry about...

Buying or Selling a Home: Selling home while still in trust, tax consequences, carson california
tax consequences, carson california, nickie: Dear Nickie, Yes, you can sell a house that is in a trust. As far as whether you should and what the tax consequences are I am not qualified to tell you. That advice is best gotten by an accountant. Hope this helps and good luck. Sue Bernstein ...

Buying or Selling a Home: Selling my home with tenants present, landlord tenant act, arizona landlord tenant
landlord tenant act, arizona landlord tenant, arizona landlord tenant act: Nadika, I suggest your fiance and his realtor look at the two relevant statutes to determine what they feel comfortable with since I am not going to circumvent the realtor and do not give legal advice over the internet. The two statutes are as follows:...

Buying or Selling a Home: Selling home, trash compactor, new appliances
trash compactor, new appliances, laundryroom: Dear Stacy, With the market in Northern California being what it is, it seems like just about anything sells and at high prices. If you lived in another part of the country my advice would be to replace the appliances to make your kitchen more appealing,...

Buying or Selling a Home: Selling homestead land and tax implications, homestead laws, homestead land
homestead laws, homestead land, capital gains taxes: The only thing that is sheilded from capital gains taxes are principal residences. This has nothing to do with Florida s homestead laws. Capital Gains in the amount of $500,000 are tax exempt for a married couple. Your acreage is probably worth a lot more...

Buying or Selling a Home: Selling house, washingtion state, local realtor
washingtion state, local realtor, luck john: Mark: In today s market, in a lot of areas, also here in California, the price of homes is continuing to rise. The problem a lot of buyers and sellers face is, what happens if I buy now, and then the price of homes go down. I can not comment on the...

Buying or Selling a Home: Selling house, earnest money, realtors
earnest money, realtors, good luck: I am not sure where your home is located in Texas, but our market has been great. Lots of buyers do back out and you should be able to keep the earnest money as long as it is according to the contract. You should be able to talk to the broker of record and...

Buying or Selling a Home: Selling a house with a 2nd mortgage, mortgage payments, title subject
mortgage payments, title subject, second choice: You are responsible for the 1st AND 2nd mortgage, Melissa. The 1st and 2nd will become due and payable upon you NOT making their payments. So, when you sell your house, both mortgages must be paid off unless you can get the buyer to assume, or at least take...

Buying or Selling a Home: Selling a house, escrow period, disclosure forms
escrow period, disclosure forms, retrofitting: Dear Kathleen: First of all, hire an appraiser. Get, in writing, what the value of the home is. Then do what the buyer will do, and that is take off 5% as that is what the average real estate agent will charge. In addiiton to that percentage, count on...

Buying or Selling a Home: Selling a house, dicorce, jessica bryan
dicorce, jessica bryan, house for sale: Dear Laurie; Unless your friend is not listed as an owner of the home and has a quit claim on file releasing any right to the home, she will have to sign to list the house for sale. While the soon-to-be ex can go ahead and list the home, he will need to...

Buying or Selling a Home: Selling a house, different company, quiet time
different company, quiet time, different companies: Karen, There are three different types of listing agreements: 1. Open - An owner can list with any number of companies and ALSO sell the property himself with no fees due a real estate company if the Owner sells the property. Which ever company sells...

Buying or Selling a Home: Selling a house, voice mail message, cement floor
voice mail message, cement floor, leak water: Can I break this contract? How long did you sign the listing for? If it is not up for some time, you can ask for him/her to release you from the agreement. If they agree to do so, get it in writing. Is there anything I can do to motive her in selling...

Buying or Selling a Home: Selling my house without an agent, guerilla marketing, multiple listing service
guerilla marketing, multiple listing service, hefty commission: Dave, I m contemplating writing my next book on how to sell your home, but that won t do you any good today so I d recommend you check out some of the for sale by owner websites for additional information. http://www.forsalebyowner.com/?PID=GGF2 has a free...

Buying or Selling a Home: Selling my house below appraised value, capital gains tax, internal revenue service
capital gains tax, internal revenue service, tax consequences: Hi Loretta, Thank you for the question. The best source of an answer to this question would be to call the Internal Revenue Service. Your situation is full of possible tax consequences, from possible gift tax to capital gains tax now or in the future...

Buying or Selling a Home: Selling house on contract, jessica bryan, dear jennifer
jessica bryan, dear jennifer, loan situation: Dear Jennifer; Throughout the country there are slight differences in terminologies. I have not heard this term used before other than to sell a home with an offer to purchase (which when signed by both parties becomes a contract.) If this is what you are...

Buying or Selling a Home: Selling house on contract, contract states, anne porter
contract states, anne porter, land contract: Hello Anne, It seems there was a problem in sending my reply to you. I just received notification about it. A land contract typically is just for 1 year. Is their situation poor enough that they need 2 years to get a mortgage? That is a major red flag....

Buying or Selling a Home: Selling house: Two names on deed, jess, partition
jess, partition, negotiation: Yes, Jess. It seems he must have known he would have you over a barrel sometime in the future with his name still on the title of the property. I don t understand why you gave him $20,000 while not asking for something in return: to take his name off the...

Buying or Selling a Home: Selling my house =nightmare, whirl pool tub, warranty company
whirl pool tub, warranty company, best guess: Hi, Sounds like you did “all the right things” and that these people are basically just whiners that no one can please. You should be aware that mediation is NOT binding UNLESS you agree with the decision rendered by the mediator. Should a mediator...

Buying or Selling a Home: Selling my house as Rent to Own?, wheel travel trailer, 5th wheel travel trailer
wheel travel trailer, 5th wheel travel trailer, travel trailer rv: Jim: Selling your home this way is fine - however - I suggest you do not do it on your own. I would suggest you use the services of a real estate agent and/or an attorney. The contract needs to be written up so that both your rights and the rights...

Buying or Selling a Home: Selling my house or should I rent it?, lease option, mr dennis
lease option, mr dennis, lease options: You ll be negative each month when you add in the property taxes and insurance. If you can handle the negative each month, then go ahead. But you may want to consider lease option. There are always more tenants who want to do that than sellers who are willing....

Buying or Selling a Home: Selling my house that's in trust, capital gains taxes, successor trustee
capital gains taxes, successor trustee, capital gains tax: If the house is in a LIVING trust, Karyn, there is a trustee named first. Then there are successor trustee(s) named. If you are the main trustee, then you should not have to pay any capital gains tax based on IRC121. If the main trustee is someone else, then...

Buying or Selling a Home: Selling house, multiple listing service, local multiple listing service
multiple listing service, local multiple listing service, watertown new york: Hi Allyson Rose, Thank you for your question. The fastest and easiest way to sell a home is to list with a experienced local broker who uses the local multiple listing service as a tool to expose your home to the most potential buyers. If you need...

Buying or Selling a Home: Selling Inherited Property, first trust, best route
first trust, best route, trust deed: Dear Susie, You certainly can offer to carry the $350,000 or any amount agreed to between buyer and seller but I can t advise you on whether that is the best route to go. Anything having to do with taxes should be referred to your accountant or to an accountant...

Buying or Selling a Home: Selling investment property renters in home, property renters, real estate broker
property renters, real estate broker, tenant laws: Dear Carol: In today s buyers market you may indeed find some one who will purchase your home subject to the lease. That means that they must allow the existing tenant to remain in the home for the duration of the lease, and furthermore, the new owner must...

Buying or Selling a Home: Selling a jointly owned house and land, county planners, tax expert
county planners, tax expert, three acres: My suggestion would be to first split the land, three for each of you. Check with the county planners how you may do it, and IF you can do it. If you are able to split it, it will cost some for a surveyor, etc., then you can keep your three acres or sell...

Buying or Selling a Home: Selling or keep it....., interest rate change, loan changes
interest rate change, loan changes, time home buyers: Hi La Tanya, First off, thank you to your and husband for serving in the armed forces. In my opinion, I would try to get the home sold. If you re going negative every month AND you ve got an interest rate change coming next year, I don t see the situation...

Buying or Selling a Home: Selling Land, parcel of land, isabel
parcel of land, isabel, commissions: Yes, Isabel, land is usually listed at 10%, except when it is priced into the millions. Then the commission is usually negotiated. For that matter, your listing did say your commission is negotiable. If you have a comparatively small parcel of land, then chances...

Buying or Selling a Home: Selling on Long Island and moving to Hawaii, alan craig, capital gains tax
alan craig, capital gains tax, moving to hawaii: Hi, Thank you for your question. You need to find a home in Hawaii to rent or buy. Call Alan Craig toll free at 800 344 MAUI. He will advise you on the housing market there. You will then put your current home on the market. When you get a buyer...

Buying or Selling a Home: Selling land that was owned by my deceased grandmother, deceased mother, living trust
deceased mother, living trust, death certificate: Hi Gary, First off, I would get the land put into your Dad s name. You can do this very simply by going to a local escrow company. You will need a copy of her death certificate and whatever else you have that says it is your fathers, either by court order...

Buying or Selling a Home: Selling land, dear hannah, jessica bryan
dear hannah, jessica bryan, real estate sales: Dear Hannah; It all depends on the market in your area as to how long it will take to sell the property. My suggestion is to contact a REALTOR in the area to evaluate the property and give you an idea of what is listed in the vicinity. Then, set your price...

Buying or Selling a Home: Selling a Manfactured Home, amortization table, mobile parks
amortization table, mobile parks, security note: Craig..have not done a lease to own, as the mobile parks usually do not allow this....it would appear as a rental, in their eyes. Of course this is Calif., and don t know your specifics. Make sure you are not doing something to cause problems down the line....

Buying or Selling a Home: Selling a mobile home, unpaid balance, mobile homes
unpaid balance, mobile homes, bulletin boards: Unfortunately, Nicole, mobile homes sell the slowest when the market turns like it has. When the seller rules the roost, mobile homes sell, but they sell AFTER everything else is in the midst of selling. As long as you are asking only enough to pay off...

Buying or Selling a Home: Selling by Owner to Couple in England, stacia, new laws
stacia, new laws, monies: The property is in Illinois, Stacia. Anybody who buys property in Illinois must abide by the purchase laws of Illinois. The couple in England will have to sign their papers, purchase and closing and have their signatures notarized and their monies must be...

Buying or Selling a Home: Selling an older MH, professional wood, mfgr
professional wood, mfgr, good features: Hi Karen...I will gladly give you some advice, but I have many questions regarding the park, and you ultimate intentions....we can do this over the Net, or you can call me...I think that would be easiest....let me know, or call my cell # 310 386 1061...most...

Buying or Selling a Home: Selling a parcel off, county planners, mortgage holder
county planners, mortgage holder, mortgage balance: I presume your several acres are not splittable, Sharon. In that case, you go to the mortgage holder, if it is a bank, and tell them what you want to do. They probably would make a new loan to you and wipe out the existing one. If a private party holds ...

Buying or Selling a Home: Selling a portion of my property, proper steps, mortgage company
proper steps, mortgage company, zoning commission: First of all, Darany, you better contact the zoning commission or the planning board of your city or county and ask them what you must do (if they will even let you) to do the lot split. Then the mortgage company needs to be contacted because you are selling...

Buying or Selling a Home: Selling a property that is currently being rented, apartment condo, selling a property
apartment condo, selling a property, rental agreement: He has already broken the lease or rental agreement, Ama. If it was me, I would not let him stay. Get him out now because he is going to cost you lots of bucks because you will have to clean, paint and fix up the place. I guarantee that. The sooner you get...

Buying or Selling a Home: Selling a property that is currently being rented, apartment condo, selling a property
apartment condo, selling a property, final 3: Hello Ama, Thank you for your question. Hopefully your tenant will catch up in the rent. It is hard to evict tenants. Have you seen the movie Pacific Heights? Anyway, if you have a lease with the tenant, the lease is part of the property as long...

Buying or Selling a Home: Selling a property that is currently being rented, eviction attorney, apartment condo
eviction attorney, apartment condo, tenant check: Hi Ama, The most important issue is what kind of rental agreement you have with your tenant. Check with your eviction attorney as to whether you have to keep him if he brings his rent up to date. I m not sure you do. If he is on a month to month tenancy...

Buying or Selling a Home: Selling property with a quit claim deed, warranty deed, husbands name
warranty deed, husbands name, claim deed: Thank you so much for your rating and feedback I really appreciate it… Here s what I suggest. And I forgot to mention this in my response 1st execute the quit claim deed, and have your daughter as the sole owner.. 2nd execute an intra-family...

Buying or Selling a Home: Selling property, warranty deed, interest check
warranty deed, interest check, half acres: You still have to do a lot split, Perry. Only this time, you do one that splits off the two and a half acres you want to sell. Then you put the property up for sale and good luck. If you have a buyer already, then make sure he pays the costs of completing...

Buying or Selling a Home: Selling without Realtor, litigious society, escrow companies
litigious society, escrow companies, state lawyers: Neil: Not knowing which state you are in, I will answer this question, as if you lived in California, where I am located. Here in California, and in a lot of other states, the paperwork involved in the sale of a home is very extensive. There are several...

Buying or Selling a Home: Selling real estate, losing sleep, tax expert
losing sleep, tax expert, mortgage payments: I wish I had a remedy for you, Liz, other than you should have had the $249,900 price six months ago. But you didn t know . . . and either did you real estate agent. You didn t tell me in what state the property is located. Foreclosures are different...

Buying or Selling a Home: Selling real estate, conventional mortgage loan, david garcia
conventional mortgage loan, david garcia, lease option: Hillary, 75% of americans have bad credit and cannot qualify for a conventional mortgage loan. Thats why selling through OWNER FINANCING generates action really fast. You can even sell for full asking price because you are offering them the chance to...

Buying or Selling a Home: Selling to relative in California, property tax reassessment, certified accountant
property tax reassessment, certified accountant, title escrow: Dear Ms. Miller: Yes. Since she is an immediate relative you are in luck, but if not done right there will be a property tax reassessment. Every time there is a change in the title or a sale the property is reassessed and the property taxes would go up....

Buying or Selling a Home: Selling to a relative - part 3, real estate transfers, capital gains taxes
real estate transfers, capital gains taxes, question thanks: Dear Mr. Tom: Capital gains will occur if she sells for more that the house was purchased for originally by you. If she does not purchase another property then she will incur in capital gains and will have to pay them, but since the price of the house is...

Buying or Selling a Home: Selling and renting the home from the buyer, wilmington north carolina, mother in law
wilmington north carolina, mother in law, bernstein: Dear Larry, Rent backs are a common practice when it is acceptable to both sides. The rent back amount is usually the buyers loan plus taxes plus insurance. I am not sure what it is about the arrangement that you would be skeptical about. Your mother...

Buying or Selling a Home: Selling a second home, luck john, john hall
luck john, john hall, 1031 exchange: Suzanne: Thank you for the question, since I am not an expert in taxes, you need to talk with an accountant or tax person for the correct answer. The question to pose to them would be what if my mother quit claimed the home to us, and then we sold it...

Buying or Selling a Home: Selling/shipping M.H. to Mexico, mexico deal, speedy reply
mexico deal, speedy reply, mexico thanks: In California the Housing and Community Development department is in charge of all these type of situations. Laws were passed a few years ago that allows the parks to request removal upon the sale of the home past a certain year of manufacture. What the park...

Buying or Selling a Home: Selling when upside down, job offer, spiff
job offer, spiff, move one: Hi Crystal, Thank you for the question. What repairs do you need that are so bad? The new job pays $27,000 a year more than the current one, so make the move. One year of salary gain will make up for the loss in selling the house. In the mean time...

Buying or Selling a Home: Selling VS Rent to Own, question pool, lease purchase
question pool, lease purchase, rental property: I found your question in the question pool and I may be able to help you. Go to: www.YorkPAhome.com click on: Favorite Links go to: Lease to own / Rent to own / Lease purchase This should answer all your questions you have and more. Hope this helps,...

Buying or Selling a Home: Selling w/out Realtor, buy owner, matter of choice
buy owner, matter of choice, real estate agent: Sepia, The Buy Owner service just like using a Realtor have good and bad point. One complaint I have heard from clients is the amount of money they pay up front and have lost if they take the home off the market. Also the amount of work they had to do....

Buying or Selling a Home: Selling, exclusivity contract, board of realtors
exclusivity contract, board of realtors, department of real estate: Dear Douglas, I don t blame you for being upset with your agent. I would confront him and ask him to explain why he would undermine your purchase in OK by stating that you were overpriced when you had it listed based on his recommendation. If he cannot...

Buying or Selling a Home: Sellor's Liabilities, home warranty programs, home warranty program
home warranty programs, home warranty program, plumbing problems: It sounds to me like the seller provided a Home Warranty program for a year (usually a minimum) in which they do charge a fee to doesn t pay for the whole trip for repair. Your daughter could have paid for a more stronger program in which they would not have...

Buying or Selling a Home: Selly By Owner, escrow companies, disclosure laws
escrow companies, disclosure laws, disclosure forms: Lynn: The first thing you will need is a sales contract - the contract will need to spell out all of the details of the sales transaction. The other paperwork you will need will be dependent on what state you reside in. Every state has certain disclosure...

Buying or Selling a Home: Septic Permit is unclear, jessica bryan, resale home
jessica bryan, resale home, property address: Dear Kevin; You should never buy or accept anything that isn t clear. You are absolutely right--it could cause problems if you want to sell later. My advice is to go back to the Sellers and request a clear copy of the permit. You can also call the city...

Buying or Selling a Home: Septic system encroachment, stillwater ny, acre waterfront
stillwater ny, acre waterfront, current market value: Hello Carol, Let me begin with hmmmmmmmmm. Ok, so the owner admits to the existance of an enchroachment - this is good for you. Yes a mortgage company will do a title search and require a survey however if all this is unrecorded, there is nothing for...

Buying or Selling a Home: Sewer line inspection, plastic pipes, todd thornton
plastic pipes, todd thornton, sewer line: Tanya, I would say most people don t have the sewer lines inspected, but you can inspect for anything that concerns you provided you gave yourself that right in your original offer. If the house was on a septic system as opposed to city sewer, then an inspection...

Buying or Selling a Home: Sewer vs. Septic, detective work, septic system
detective work, septic system, septic systems: What you need to do, Julie, is to do some investigation. Do enough detective work to the point that you are satisfied as to what kind of sewer/septic system you would rather have in the area you expect to live. Ask people who know about the area. Ask people...

Buying or Selling a Home: Shady seller s agent?, legal recourse, board of realtors
legal recourse, board of realtors, sellers agent: Dear Suzie; the situation you describe is one that makes me very suspicious as well. I agree that the Seller may be trying to get out of the contract because of a better offer. They clearly have you over a barrel! Read your contract carefully and if necessary...

Buying or Selling a Home: Short Sale Home, lien holders, mortgage company
lien holders, mortgage company, realtor: Hi Renae, First, your question about the Realtor. Is your Realtor the listing agent or was he hired by you to be your representative? If he or she was hired by you and is not the listing agent of the property then the Realtor should still be representing...

Buying or Selling a Home: Short Sale, selling a property, indebtedness
selling a property, indebtedness, good luck: HI Jake, Thank you for your question. I believe a short sale is when a seller is selling a property for less than the current mortage indebtedness. In such a case the lender must concede to forgive some of the amount owed. You should contact your...

Buying or Selling a Home: Short Sales, kern county ca, distressed property
kern county ca, distressed property, distressed properties: Hi Cristina, The Department of Real Estate is the governing body for agents in California. That being said, on the first deal, it is perfectly okay for the tenant to put an offer on the home and then be the one who buys it. As I said, it is very common...

Buying or Selling a Home: Sibling is the realtor, masters degrees, family dispute
masters degrees, family dispute, realators: Craig: Commissions on real estate run anywhere from 3 to 7%, they vary by area, type of home, and sale price. There is no set commission and each office individually sets their own commission. When homes are sold and there are two separate offices involved,...

Buying or Selling a Home: Signatures required to sell a home, state tax returns, california realtor
state tax returns, california realtor, property assets: Dear Mary; Below is the definition for community property states. It appears that Virginia is not on the list. I would still recommend that you contact a title company on Monday and run the question by them. You can call Toll Free: (888) 828-4854 Virginia...

Buying or Selling a Home: Signed Contract on Home and can't get response from seller, contract binding, electrical issues
contract binding, electrical issues, fustrated: Assuming you or your agent received back from the seller a signed agreement, ask your agent if she can point to the line in your agreement whereby it states what happens if...the seller does not agree to make your requested repairs in x amount of days of your...

Buying or Selling a Home: Signing the closing paperwork, closing escrow, financial commitment
closing escrow, financial commitment, necessary documents: Hi Lisa, Thank you for your question. Congratulations on the sale of your home! Although the buyers have moved up the closing date from the 27th to the 13th, and although you have already signed your closing documents the buyers have until the specified...

Buying or Selling a Home: Simple questions, bedroom doors, homoe
bedroom doors, homoe, closet doors: Hi Landon, Thank you for your question. When buying a home you need to decide several things. What can you afford, what do you want, and what do you need. Then you try to find the best match in the place best suited for you to live. To do this best...

Buying or Selling a Home: Simultaneous offers to purchase a house, right of recission, offer to purchase real estate
right of recission, offer to purchase real estate, purchase agreement: Hi Mark. Yes, you can do that, however your agent will probably not want to. It s bad for an agent s relationship with other agents. Basically, in any offer to purchase real estate you have a 3-day right of recission. Therefore, if all 3 offers were...

Buying or Selling a Home: Slow Agent, buyer agent, simple questions
buyer agent, simple questions, eight hours: Dear Rose: Yes, you should now continue to negotiate with your agent for the purchase of the FISBO. You should keep the wording in your pre-approval letter that you can purchase without selling; that makes you a real buyer. Also, it gives your offer a...

Buying or Selling a Home: Sold a house and now 7 months later problems, letter in the mail, disclosure statements
letter in the mail, disclosure statements, real estate co: Dear Jill; Thank you for your question… I am sorry for the delay, as I was unavailable the last 4 days to answer in the period of time I am accustomed to providing. Please accept my apology. 1. Regarding the oral agreement; In real estate, all conditions...

Buying or Selling a Home: Sold Property, title insurance company, certified mail
title insurance company, certified mail, ridiculous fees: Someone knew that sewer lien was going to go in BEFORE you bought the property and the seller and the attorney SHOULD HAVE TOLD YOU THAT WAS GOING TO HAPPEN. Get another attorney to straighten this out. Trouble is, the new attorney may charge you the same...

Buying or Selling a Home: Son on deed to home..want to sell,He did not hel purchase home, worst case scenario, laundry services
worst case scenario, laundry services, demand compensation: Hi Debbi, Sorry to hear about your difficult situation. You did not say whether the abuse by your brother is verbal or physical. If he is physically abusive to your Mother, I hope that you will remove one or the other ASAP; and good luck with that....

Buying or Selling a Home: SPDS in Arizona, renovation business, cracked tiles
renovation business, cracked tiles, water stains: Hey, Paul. I always hate hearsay from neighbors because you don t know what kind of a relationship the two neighbors had. Barking dog? One child bullied the other child. Etc., etc., etc. So I wouldn t really put too much stock in the story of the neighbors...

Buying or Selling a Home: Spec Homes priced below Market Area, class action lawsuit, spec houses
class action lawsuit, spec houses, earnest money: Hi Cherie, this market is impacting everyone in some way. First of all, your home will have to appraise if you are getting a loan. Since the market has changed since your initial purchase, the home may not appraise. If the appraisal has been done and it...

Buying or Selling a Home: Spec homes in the U.S., washington dc metro, dc metro area
washington dc metro, dc metro area, national association of home builders: Hello Toshio and thank you for your question, In truth, I can not completely answer your question as spec homes if you will, fall into several catagories and I am only familiar with the Washington DC metro area. National builders will normally put up...

Buying or Selling a Home: Special assessments?, neighborhood amenities, jessica bryan
neighborhood amenities, jessica bryan, maintenance assessments: Dear Jay; Many communities these days have homeowners associations and they assess each homeowner for dues, repairs (if there are common area buildings or structures, private roads that might require repair, and common areas that might require upkeep, replanting...

Buying or Selling a Home: Square Footage, tile bathrooms, central staircase
tile bathrooms, central staircase, finished areas: The only variation between your original question and the one you now pose would involve your local MLS requirements. For example, our MLS data includes two calculations - one for total finished living area and another that specifies living area that is below...

Buying or Selling a Home: Square footage, appraisal, selling price?, multiple listing services, mls listing
multiple listing services, mls listing, county appraisal: Hi Dan, First of all, county appraisal reports (at least in the area where I work) are generally not accurate. I would, for purposes of discussion, assume the same for your area. Your Realtor is correct in that square footage shown in an MLS listing...

Buying or Selling a Home: Square footage of a house, real estate sales, front porch
real estate sales, front porch, laundry room: This is a great question; requiring more than a set of facts for an answer. As a real estate agent, this information was covered in the forty hour prelicensure class and again about six years ago in a continuing education class. Unfortunately, not only is...

Buying or Selling a Home: Staging and Family Pictures, type space, hanging on the wall
type space, hanging on the wall, family photos: Hi Kim, I would first ask which wall? If it is a hallway type space, where you had groupings of family photos, I would remove them and leave this area blank. If it is a wall which could be considered a focal point like above a fireplace or on one of the...

Buying or Selling a Home: Staging before sale, kitchen lighting fixtures, finish basement
kitchen lighting fixtures, finish basement, finished basement: Hi, Where is the house? How is the housing market? What are comparable/similar houses in your neighborhood selling for? If most of the houses in your neighborhood have finished basements, I would finish your basement. Even if most houses don t have...

Buying or Selling a Home: Staging, stagers, stag
stagers, stag, good luck: Hi Daniel, SMART Stagers has a guide on our website that you can download. Go to www.smartstagers.com and the request form is on the home page. After you review it, let me know if you have any specific questions that I can answer. Good luck! Cari Pilon...

Buying or Selling a Home: Stainless Steel Appliances vs Black Appliaces, solid surface countertops, stainless steel appliances
solid surface countertops, stainless steel appliances, appliaces: Hi Janet, I believe that an all over stainless steel look would greatly enhance the perceived value of the home. It would increase the value if the appliances came with the home. As long as the black appliances fit in with the overall decor of the kitchen,...

Buying or Selling a Home: Starting out..., non conforming loans, steady job
non conforming loans, steady job, non conforming lenders: With a 600 score there are many loans available. Most non-conforming lenders will do 100% loans with a 600 score. The rates are usually 2 year adjustable( which means they are fixed at a certain rate for 2 years, then they can adjust after that), but most...

Buying or Selling a Home: Starting out..., fha loan, time home buyers
fha loan, time home buyers, first time home buyers: Jason, The lender will most likely look at both of your credit scores if two incomes are used for the loan. If they are only looking at your income, then just your credit score will come into play. An FHA government backed loan typically requires a...

Buying or Selling a Home: Starting out..., loan income, steady job
loan income, steady job, dear tom: Hello Jason, There are many ways to structure a loan. Income, assets, credit score, down payment is just a part of the many ways to make a deal happen. What you need to do is speak with a mortgage broker who has many lenders at their disposal to give you...

Buying or Selling a Home: Starting out..., us government website, first time buyers
us government website, first time buyers, loans for first time buyers: Dear Jason; There are some great loans for first time buyers. Different states have different names for these and various programs, but they fall under the American Dream government program for assisting first time buyers. Ask you local lenders about...

Buying or Selling a Home: Starting out, reality world, old artist
reality world, old artist, investing in real estate: Carisle, I recommend you get educated first before investing in Real Estate.If you go to: www.ezreinvesting.com You can request free information, besides, they offer GURANTEED personal live training. DG www.ezreinvesting.com ...

Buying or Selling a Home: Too Sticky? Buying into a house..., house dick, sticky situation
house dick, sticky situation, jed: I like to make things simple, Alyssa. Since the grandparents own the house outright, why not have them finance your purchase alone? This way, you can do any fixups you choose and there will not be any confusion as to how you are to be paid back in the resale...

Buying or Selling a Home: Straight Out Cash Sell, unpaid medical bills, disclosure documents
unpaid medical bills, disclosure documents, juust: Dear Mary: There are always out of pocket expenses when purchasing or selling. However, you can usually take care of these by having then paid through and by the proceeds that you receive. This is done via escrow, in states where an escrow is used as a...

Buying or Selling a Home: Structures left on property purchased by new owner, trailer owner, legal question
trailer owner, legal question, property seller: Hi Marie, Thank you for your question. This is a legal question that should be resolved before the closing. Do you the buyer want someone to remove the trailer? Then the owner of it should do so or the property seller would have to. Does the owner...

Buying or Selling a Home: Stucco Water Damage found during home inspection, excess rain, expert repair
excess rain, expert repair, roof leak: Please be VERY VERY careful in this deal. You are about to buy into several things that need an exhaustive amount of evaluation and serious expert repair by the most qualified Professionals you can find (with lots of warranty). It is too much to tell you...

Buying or Selling a Home: Student Loans for Home Purchase, private student loans, loan money
private student loans, loan money, interest only loan: As far as student loans, those can be used for student needs, which is housing also. Alot will depend upon the bank where you are applying for the student loan. they will be able to get you the specifics. YOu could apply for a mortgage, with tenancy in...

Buying or Selling a Home: Subcontracting on new home, poor workmanship, flat screens
poor workmanship, flat screens, verbal contract: You really don t care, Glen. Just take the matter to small claims court and name the owner and builder as co-defendants, I would say for the full $6,200! Let the judge decide. Or, you can consult with a real estate attorney and have a mechanic s lien...

Buying or Selling a Home: Substitute trustee for signing?, probate avoidance, durable power of attorney
probate avoidance, durable power of attorney, mother lives: Sorry, but this is not a subjection in which I have any experience and knowledge. However, I would suggest that you contact an attorney who specializes in this in order to find out important issues that may supersede your desire for privacy. One, is who pays...

Buying or Selling a Home: Substitute trustee for signing?, probate avoidance, escrow officer
probate avoidance, escrow officer, title escrow: Hi Maria, the best way for this question to be answered is by a real estate attorney in your local area and/or the title/escrow officer where you will be closing the transaction. Other option to consider is to form a Trust of your own and the property is...

Buying or Selling a Home: Substitute trustee for signing?, probate avoidance, durable power of attorney
probate avoidance, durable power of attorney, mother lives: Maria: This is really a legal question, and not a real estate one. I have seen many, many properties that are owned by trusts, and the trustees are not stated on the deed. In order to do this, I m pretty sure you need to have a legal entity created, both...

Buying or Selling a Home: Success as an Agent, sphere of influence, expired listings
sphere of influence, expired listings, good business: Chris, It is true that business creates more business but after a year something should have clicked. I personally don t waste time with people at open houses asking for phone numbers etc. from people who aren t interested in talking with me. I only pay...

Buying or Selling a Home: Surround sound contingency, invisible fence, sub woofer
invisible fence, sub woofer, personal property: I have to agree with your husband for two reasons: 1.) The speakers are considered real property--they are part of the home. The receiver is personal property--a stand alone item. 2.) I recently sold a home which had an invisible fence. My seller...

Buying or Selling a Home: Survivorship/document transfers, escrow officer, title escrow
escrow officer, title escrow, days thanks: yes. get a copy of a blank deed and fill it out and file it with the county. WHEN a deed is thus filed it holds sway-power and anyone challenging it must go to court. i do think visiting a title company is STILL in your best interest==deeds and insurance...

Buying or Selling a Home: Swimming Pool, worst case scenario, chicago suburb
worst case scenario, chicago suburb, swimming pool: Hello Dana, If you are buying this home directtly from the owner then he can tell you anything he wants. If you are buying thru a Realtor listing, then there is a disclosure form that states that the seller is or isn t in violation of any local ordinance....

Buying or Selling a Home: Switching Realtors, earnest money deposit, s broker
earnest money deposit, s broker, agent contract: Hi Alexis- Wow-I m surprised at the realtor s attitude. I have a question for you. In the paperwork you signed and/or in conversation did the realtor ever disclose who he was representing (seller, dual agency, etc.)? That is now required by law in most states....

Buying or Selling a Home: sale of home/inheritance, disibility, time john
disibility, time john, living trust: I am not sure I understand your question. When the escrow closes, 30-45 days, that is when you should get paid. Otherwise, talk to the person who is handling your father s living trust, most likely the succeeding trustee or an attorney. Take care. Dick...

Buying or Selling a Home: sale of my home, best case scenario, legal consequences
best case scenario, legal consequences, monthes: Hi Shawn, First all all I have to apologize if this response is getting to you late as I was out of town for a few days. You have to look at your contract and see what it says about the buyers contingency on the sale of their home. If they don t sell...

Buying or Selling a Home: sale or keep, palmdale area, option arm loan
palmdale area, option arm loan, negative amortization: Hi Ara, It s a tricky situation and one that I can tell you MANY people are in. If there is anyway to refinance the home into a fixed rate payment that you could live with, I would try that. Or, I would get a tenant in there who is more able to pay you...

Buying or Selling a Home: sale of new constructed home in Las Vegas, NV, fornos, henderson nevada
fornos, henderson nevada, cud: Hi Si Komoroff, I recomend that you find a Realtor in the area that specializes in your type of property and let him/her find the buyers for you, they are the professionals in marketing and should be able to accomplish what you want. Good Luck, Ricardo...

Buying or Selling a Home: for sale by owner, family deals, new mortgage
family deals, new mortgage, mortgage company: Hi Gale, Yes, I would use and attorney (or escrow company) because of the title transfer. You want to make sure that you preserve the chain o title and that everything is done correctly. Family deals are famous for causing clouds on title because there...

Buying or Selling a Home: After the sale problem, city inspector, legal details
city inspector, legal details, sales transaction: The only way I can see that your relative is responsible is if they still own it. If that other piece was included in the transaction, take a copy of that transaction to the city and they should be able to remove your relatives name from the tax roles....

Buying or Selling a Home: After the sale problem, natured person, city inspector
natured person, city inspector, legal details: Unless it is a local regulation or law, I cannot understand why a previous owner would be responsible for that work unless the present owner is trying to pull one over on your elderly relative after he realized the cost of the cement was too much for him to...

Buying or Selling a Home: After the sale problem, code compliance, city inspector
code compliance, city inspector, city inspectors: Hi Bill, Let me start by saying I have no experience in your area and do not know what the state or local laws are like. All I can give you here is my opinion. City inspections and inspections by real estate buyers are two different animals. The city...

Buying or Selling a Home: sale of vacant property, fornos, mcmahan
fornos, mcmahan, vacant property: Hi R McMahan, Thank you for your question, I can t give you a for sure answer, depending on the contract that you used, some will say that the seller has x amount of time to clear the title even without an extension. I suggest that you have a attorney...

Buying or Selling a Home: sales agreeement, certified mail, earnest money
certified mail, earnest money, purchase agreement: Very simply, Tracey, you write a letter, sent via certified mail to the real estate agent AND the builder notifying them that because the house is not as it was represented, you want your deposit returned. If they fail to do that, then you go to a REAL ESTATE...

Buying or Selling a Home: sales contract, monthes, moving to florida
monthes, moving to florida, mijares: Hi Shawn, The only way you can get out of this sale is if they cannot fulfill their obligation. At which point you may be entitles to liquidated damages if it is stipulated in your sales contract. Unfortunately as sellers who have accepted an offer you...

Buying or Selling a Home: Is this a scam?, contract states, closing escrow
contract states, closing escrow, good deals: If I understand correctly, the contract states that a condition of accepting the offer, you cancel the listing? It doesn t benefit the buyer to have the listing cancelled because the seller is the one paying the commission. So without reading the actual...

Buying or Selling a Home: school districts, regional evaluations, schools of distinction
regional evaluations, schools of distinction, jessica bryan: Dear Nichole; I can t speak for all REALTORS but I know that most of the professionals out there try to keep up with as much information about schools as they can. There is an annual school report that is published statewide (and nationwide) that we as REALTORS...

Buying or Selling a Home: schooling, real estate license, bernstein
real estate license, bernstein, good luck: Find out the requirements for a real estate license in the state you are interested in then find a real estate school (many are now online)and get started taking the required courses. Once you have taken the courses you can then take the state exam for your...

Buying or Selling a Home: second home, tile color, paint color
tile color, paint color, couple issues: Hi Lisa, Thank you for your question. Whether or not you let anyone into your home is up to you. Some people might be flattered that others are copying your styles and tastes. Other people might be angry. I would say it is up to you if you feel...

Buying or Selling a Home: security deposit, absolute discretion, attorney costs
absolute discretion, attorney costs, rain storm: That s right. The attorney will know as long as he is a real estate attorney. NO title company has the right to keep your deposit UNLESS the other party refuses to sign any release of your deposit. Then THAT is the person you have to sue or take to small claims...

Buying or Selling a Home: Do security and first months rent get re-assigned when buying property?, california realtor, pet deposits
california realtor, pet deposits, multifamily property: Dear Maryann; Thank you for your question. Yes absolutely you should have a credit from the Seller in escrow that equals the total amount of deposits being held; this would include rents collected, or uncollected which would be prorated based on the close...

Buying or Selling a Home: seeling home, shady practices, show house
shady practices, show house, family rm: It sounds like it is a numbers game to her. But I do not know her. Schools do make a big factor in the price of a home. Many parents are willing to pay more for a home to have tier children in better schools. Also when it come time for the appraisal, they...

Buying or Selling a Home: selecting a real estate agent..., first time homebuyer, mls agents
first time homebuyer, mls agents, long and foster: Derrick, The agent is more important than the company. I would suggest that you first contact a lender and get prequalified for a loan. This is free because they will hope to eventually get your business. Then, armed with that information, check the Post...

Buying or Selling a Home: selecting a realtor, lawsuites, selecting a realtor
lawsuites, selecting a realtor, best interest: Hello Anil and thank you for your question. What you describe is called Dual Agnecy . Where the listing agent is the only agent in a trasaction. In many states this is illegal due to the number of lawsuites this brings about. In states that allow it,...

Buying or Selling a Home: selecting a realtor, document shop, selecting a realtor
document shop, selecting a realtor, sellers agent: If you called her on the sign or from an ad and she showed you the house she can claim procuring cause for the sale. The best way to find a Realtor is to get prequalified for a loan with your bank and then armed with this document, shop open houses...

Buying or Selling a Home: selecting realtor, fiduciary duty, bernstein
fiduciary duty, bernstein, realtor: Dear Ani, It is my opinion that you are always better off having your own agent represent you. The most the best of agents can do when representing both sides is be fair to both. When you have an agent representing you only their only fiduciary duty is...

Buying or Selling a Home: When to sell, income tax return, capital gains tax
income tax return, capital gains tax, good bargain: Something tells me the people who sold you that house were ecstatic when the deal closed. Now you re going to have the headache of trying to sell a property by a railroad track, especially in what is now a buyer s market. There are so many homes for sale that...

Buying or Selling a Home: When to sell?, jessica bryan, capital gains tax
jessica bryan, capital gains tax, spring market: Dear Angela; I can t imagine that you will have to worry about capital gains when you haven t lived in the home very long. I think that with the commissions and costs of moving you might lose money. I would certainly wait for the Spring Market to sell your...

Buying or Selling a Home: sell contract, virtual broker, knudsen
virtual broker, knudsen, title company: Well this is an issue for a Realtor or a Title Company to take on for you in your area. The developer may not allow flipping where you assign it to a new party. It is done alot but varies state to state. Yes you can do it and so congrats on your profits!...

Buying or Selling a Home: how to sell contract?, multiple listing service, fornos
multiple listing service, fornos, realtor: Hi George, thank you for your question. All developers are different and the rules change, did you buy under your name or a corporation? Do you have to pay a commission to the developer if you sell yourself? can you list with a Realtor and are they allowed...

Buying or Selling a Home: to sell..FSBO...Agent.....rent to own?, lease option, refundable deposit
lease option, refundable deposit, rental agreement: If you do not market the property it will not sell, Dave. Just sticking a sign on the property doesn t do it. I do not understand your sentence, Agents want 6% will not move on number. If you want to move the property on a lease/option or rent-to-own,...

Buying or Selling a Home: how do you sell your half of a house to the co-owner?, co owner, realtors
co owner, realtors, dick: I would suggest you construct a written agreement that defines how you are to be paid for your portion of the property. For example, you might say something like that you would get an opinion of value from three different Realtors, take the average price and...

Buying or Selling a Home: sell a home by owner, real estate sales, luck john
real estate sales, luck john, local real estate: Gary: I am not very familiar with the way real estate is sold in Michigan, however, here in California, once the contract is signed and a deposit is given, then an escrow is opened. An escrow company is a third party that monitors the sale and makes...

Buying or Selling a Home: How to sell home without signature of spouse, divorce agreement, mortgage payments
divorce agreement, mortgage payments, mr dennis: What s going on in Michigan? I ve received so many questions regarding property there. Yes, I am aware that everybody is losing their jobs and real estate is going down the tubes. But to get to your problem, your sister must engage a REAL ESTATE attorney...

Buying or Selling a Home: sell of home, capital gains tax, state taxes
capital gains tax, state taxes, tax attorney: If you have lived in the home for the past 9 years, then you will avoid some Capital Gains tax. The limits are $250,000 if single, $500,000 if married. I m not an Accountant or Tax Attorney, so here is a link for more information: http://www.bankrate.com/brm/news/real-estate/20041018a1.asp...

Buying or Selling a Home: sell my house, apprecated, luck john
apprecated, luck john, house trailer: Joe: Based on your comments about never selling a house before, I highly suggest you use the services of a Realtor. In selling a home today, there are numerous forms and laws that you need to follow. Also, you could loose a lot of money if you are not...

Buying or Selling a Home: sell a house, warranty deed, existing mortgage
warranty deed, existing mortgage, claim deed: As long as she is the only one on the title of the property, she may sell it or do anything she wants with it. When she sells it, the existing mortgage will be paid off by the new financing. No, she does not need anyone else s signature to sell the property,...

Buying or Selling a Home: How do i sell my own home?, market value appraisals, local realtor
market value appraisals, local realtor, contigent: Mike, First you want to make sure that you are pricing your home right. Research your local Realtor.com site for homes in your area, that are comparable and then add or subtract for amenties. I would also recommend that you contact a reputable appraiser...

Buying or Selling a Home: Do I have to sell my property???????, hello bill, paul harvey
hello bill, paul harvey, rest of the story: Hello Bill. The short answer is: No, you do not have to sell your property. As Paul Harvey says, now for the rest of the story. Most listing agreements stipulate that a sale or closing is not a condition for the listing agent to be paid. They just...

Buying or Selling a Home: sell or do a rent to own................, multiple listing service, personal preference
multiple listing service, personal preference, unenviable position: Hi David, Have you considered working with a Realtor to try and sell your property? They have access to many, many buyers through a Multiple Listing Service and have access to lenders who can pre-qualify people and run credit reports. Doing a rent to...

Buying or Selling a Home: sell or rent, bryan college station, college station texas
bryan college station, college station texas, term lease: If you will be returning and may move back into the home then rent it, if you will need the equity to buy a new home then sell it. If you get a long term lease and it will more than cover your payment and insurance and taxes, then keep it. Talk to a Realtor...

Buying or Selling a Home: sell or not to sell, principal insurance, principal loan
principal insurance, principal loan, insurance tax: Emad, Thanks for your question. I think the main variable your missing is how long would you expect to live in the house if you could get the payment in the ballpark of where you want it? The other variable that you need to explore in more depth is the...

Buying or Selling a Home: To sell or not to sell?, www irs gov, irs website
www irs gov, irs website, tax implication: Richard, Sorry about the delay in gettng back to you. I can t give tax advice, but generally speaking you have to live in a home as your primary residence for two years to avoid paying capital gains tax. (up to $250,000 per owner)You can sell any asset...

Buying or Selling a Home: sell, mort well, legal advise
mort well, legal advise, foreclose: Well that is a tough one. Usually the answer is yes. Your bank should have made several notices to you by now. They would usually prefer you to pay up than foreclose. If they have already foreclosed you may have a right to redeem the foreclosure and get...

Buying or Selling a Home: seller backed out of sale, john hall, sales contract
john hall, sales contract, home inspection: Jsy: You need to consult an attorney, you need to get legal advice and I am not qualified to give that. Both the buyers and sellers rights are usually covered by the sales contract. You need an attorney to interpret that. Sorry I did not respond sooner...

Buying or Selling a Home: seller's responsibility regarding repairs, property management group, brunswick ga
property management group, brunswick ga, necessary repairs: I am unsure if there is a time limit regarding this type of situation. Your most difficult obstacle is finding the seller now, and in which county to file a lawsuit. Any time limits will be dependant on applicable laws and the details of the Purchase...

Buying or Selling a Home: Getting out of a sellers contract, productive agent, foxtons
productive agent, foxtons, time chris: You ll know better next time, Chris, not to sign up for a listing for more than 90 days. Even in a slow market you should see your agent working. At least he/she should be reporting to you a minimum of once a week (I always do it three times a week). Even...

Buying or Selling a Home: sellers contract, david garcia, waiting period
david garcia, waiting period, new contract: Marri, It all depends on the contract you signed. Some brokers allow their custmoers to cancel or rescind their listings. In these cases the broker does not get a fee. However you need to ask. David Garcia BTW: if you need a loan you...

Buying or Selling a Home: sellers disclosure, pest control company, pest inspection
pest control company, pest inspection, surprize: I would think that if the pest inspection company will stand behind you and show documentation that the house was previously treated for this issue, you should be able to file a complaint. Contact your Realtor for information as to where the complaint should...

Buying or Selling a Home: sellers disclosure, bethlehem pa, structural engineer
bethlehem pa, structural engineer, simple answer: Hi Nathan, I m sorry to hear you are having this issue. The plain and simple answer to this is yes. The Seller and the Seller s Agent both have the obligation in PA to disclose any known defects. Our office policy is that if we receive a home inspection on...

Buying or Selling a Home: sellers lender disagreeing for purchase contract, disclosure laws, first time buyer
disclosure laws, first time buyer, disclosure forms: Dear Iaxmi, I am not clear about your questions. Is she the owner, your buyer representative and lender too? I think your primary question is if the property does not appraise what will happen? If it appraises for less than 560 you have to pay the...

Buying or Selling a Home: sellers lender refusing for the contract, small claims court, first time buyer
small claims court, first time buyer, conflict of interest: Dear Laxmi, I think your first problem was not seeing that there might be a conflict of interest having the seller be the agent representing you and the listing agent being her sister. When your offer was accepted there should have been somewhere in the...

Buying or Selling a Home: sellers responsibilities, pool enclosures, straight answers
pool enclosures, straight answers, gfci: The PHX building department should know what you need to know. However, in the course of buying a house, you should engage a home inspector to detect anything that is not obvious. A Realtor is not a carpenter, nor an electrician, nor a plumber. But he/she...

Buying or Selling a Home: selling, warranty deed, rule of thumb
warranty deed, rule of thumb, title insurance: As a rule of thumb, whoever needs the document pays for it. If yoir bank requires a survey then you will be paying for it. Sellers usually provide the Title Policy. Ask the person who is doing this transaction for you. I guess by these questions you don t...

Buying or Selling a Home: selling, realtor signs, local realtors
realtor signs, local realtors, luck john: Kevin: Finding a Realtor you are happy with takes some time. Your first step should be to ask all your friends, co-workers, relatives, anyone you know, if they had a Realtor they had a good experience with or that they would recommend. If you cannot...

Buying or Selling a Home: selling, jessica bryan, warranty deed
jessica bryan, warranty deed, home realty: Dear Lisa; Usually the buyer pays for the title insurance and survey work. The Seller usually pays to have an attorney draw up the deed and lien waver. Your buyer is essentially asking for additional closing costs to be covered by you. This is negotiable...

Buying or Selling a Home: selling, talk radio show, bill handel
talk radio show, bill handel, judie: Moya, I don t know how someone can mortgage half a house unless it it a duplex!! You are going to have to get her to sign a sales agreement before you can sell, and if she is unwilling to do that, you will have to file a partition lawsuit. If you want to...

Buying or Selling a Home: selling, mortgage commitment, legal direction
mortgage commitment, legal direction, settlement date: Dear Karen, I am so sorry you are going through such a terrible situation. I know it is not fair, but these frustrations happen all the time in real estate and I do not know the laws in all of the states. I will try to answer as best as possible, but to...

Buying or Selling a Home: selling, legal conclusion, mortgage commitment
legal conclusion, mortgage commitment, settlement date: Karen: Thank you very much for your question, unfortunately the question you asked calls for a legal conclusion and I am not able to answer any legal questions. The question you ask really relates specically to what ever information was in your purchase...

Buying or Selling a Home: selling, mortgage commitment, settlement date
mortgage commitment, settlement date, august 2nd: Unfortunately, sellers and seller s agents are not privy to all of the buyer s financial information. This becomes more of an issue of the practices of mortgage companies. Pre-approval means different things to various companies. Some will not commit until...

Buying or Selling a Home: selling, mortgage commitment, due diligence
mortgage commitment, due diligence, settlement date: Hi Karen, Yeah, this is a tough one because you allowed the buyer to make the contract contingent upon financing. If you would have countered when you first noticed in the contract that this is what the buyer wanted to you, then you would have been able...

Buying or Selling a Home: selling, mortgage commitment, settlement date
mortgage commitment, settlement date, august 2nd: Karen, I can t give legal advise, but in my mind, it really depends on your contract. If the buyer did not make the $30K gift a contingency in your contract, it s possible you could have recourse against them, but even if you do get a judgment, collecting...

Buying or Selling a Home: selling, earnest money deposit, mortgage commitment
earnest money deposit, mortgage commitment, selling a property: You ve just learned one of life s lessons, Karen. Anytime the other party asks for something, require something in return! The buyers had asked for a closing sooner, fine, then they should come up with an increase in the earnest money deposit (non-refundable.)...

Buying or Selling a Home: selling agent bonus, mls rules, creative ideas
mls rules, creative ideas, fmls: Distributing flyers to the agents is a very good idea. I think that it highlights the bonus aspect and there will be no mistake about the commission. You might also offer a split of a bonus to the selling agent and an incentive to the buyers if they buy...

Buying or Selling a Home: selling bonus, luck john, john hall
luck john, john hall, fmls: I am not sure why you cannot list the selling bonus on the MLS - here in California the MLS allows you to list bonus offered. As far as offering a higher commission - most agents will definitely point their clients toward a home offering more money for...

Buying or Selling a Home: selling and buying - paying taxes, capital gains taxes, contingency clause
capital gains taxes, contingency clause, john dear: Dear Mr. Parker: I asked my brother who has done some of what you are talking about and he told me the following: Note: We are in California and the following information applies here and some of it will be different at other states. He mentioned...

Buying or Selling a Home: selling and buying, estate lenders, first mortgage
estate lenders, first mortgage, second mortgage: I don t know why you would want to make payments on a mortgage of a house in which you no longer live or own. Yes, you can own it and rent it out if that is what you want to do and continue to make payments on the mortgage, but the idea of a short pay is...

Buying or Selling a Home: selling my Coop apt in MTW in Manhattan, national association of realtors, association of realtors
national association of realtors, association of realtors, hi thanks: Hi, Thanks for your question. A survey by the National Association of Realtors finds that Realtors sell properties for 27% more than do owners selling on their own. You should find a good Realtor to represent you in the market place. That will help...

Buying or Selling a Home: selling a co-op, interested party, commercial real estate
interested party, commercial real estate, real estate agent: Amanda, You have two different issues. The first is whether the agent misrepresented himself. It depends on your state s laws which I don t know. (I would assume you re in California since you mentinoed Craigslist) Typically, the agent must disclose their...

Buying or Selling a Home: selling a condo in Florida, bay harbor islands, jessica bryan
bay harbor islands, jessica bryan, bay harbor islands florida: Hi Holly; I think that you should consider lowering the price to below your competitors first and see how it does. Then, if it still doesn t sell, do the updates and raise the price slightly to be in line with the competition. Good Luck, Jessica Brya...

Buying or Selling a Home: selling consequences, fsbo search, retirement community
fsbo search, retirement community, national websites: Hi Diane; You brought up several points in your question...you don t want to pay capital gains, traffic, and expense to sell, along with MLS listing. First, let me address the capital gains issue. You should check with your accountant to decide what will...

Buying or Selling a Home: selling to a contractor or builder, luck john, desirable location
luck john, desirable location, john hall: Linda: From the questions you are asking you really need the services of a good Realtor. A Realtor will know what the homes are selling for, and also be able to explain to you the best way to sell the home. Most homes like yours, where the home needs...

Buying or Selling a Home: selling/financing, potter county pa, hunting camp
potter county pa, hunting camp, junk yard: Holding the mortgage means that you would basically be the bank. You would ask for a sufficient amount of down payment and personally finance the rest. You should make sure you check his credit and is confident that this guy can pay you each month principal...

Buying or Selling a Home: selling my first house, left hand column, www irs gov
left hand column, www irs gov, irs forms: Hi Fiona, You need to verify what I’m telling you with an accountant or your tax preparer, but this is my understanding of capital gains laws on selling your principal residence: 1. You must have owned the home for at least two years. 2. You must have...

Buying or Selling a Home: selling before foreclosure, express mail, mortgage company
express mail, mortgage company, purchase agreement: What you need to do Mary, is to call them again, only this time talk to the actual lender. Chances are you may have been talking to the lender s agent or attorney (depending on which state you re located). You must talk to the head of the foreclosure department...

Buying or Selling a Home: selling a home, lisa davis, closing cost
lisa davis, closing cost, title company: Dear Lisa: Call a Title Company in your area and ask their attorney to do it for you. They won t charge much more than the closing cost would be anyway, and you will need this to make sure all the papers are filed correctly and the charge will coe out of...

Buying or Selling a Home: selling home, judie, contingent
judie, contingent, good luck: Anthony, This is a difficult situation for everyone! Depending upon the type of market you live in will determine your path. If you know that your house will sell quickly, find the new one and make the purchase contingent upon the sale of your home. The...

Buying or Selling a Home: selling our home, water inspection, bank approval
water inspection, bank approval, title searches: You should have seen a suggested closing date within the offer you received on April 2nd. This date would not be set in stone due to things you mentioned (inspections, financing (shouldn t be an issue since they are pre-approved), etc.) The offer you signed...

Buying or Selling a Home: selling a home, legitimate reason, lockbox
legitimate reason, lockbox, pocket expenses: Hi, Your Realtor should only be able to COLLECT a commission at closing, unless you agreed in writing to something other than that – which would not be the norm. Most reputable Realtors would work with a Seller for a legitimate reason not to sell. It...

Buying or Selling a Home: selling my home, electrical plumbing, plumbing heating
electrical plumbing, plumbing heating, mortgage balance: Hello Lorrie, Happy Thanksgiving and thank you for your question. By all means, you are certainly within your rights as a Seller to counter offer this Buyer s offer . All you need to do is simply write the following language into the your contract:...

Buying or Selling a Home: selling my home, bathroom renovations, smart investments
bathroom renovations, smart investments, tile floors: In general, updating your kitchen and bathrooms are always smart investments and offer the best home improvement value. Bathroom renovations can yield a return of between 85 percent to 90 percent, with costs starting around $10,000. Adding a new bathroom...

Buying or Selling a Home: selling my home, best marketing, real estate agent
best marketing, real estate agent, thousands of dollars: To put it short and sweet: You get what you pay for! You ve just paid thousands of dollars to be a FSBO. Realtors are full service. Discount Commission = Discount Equity. Representing our clients means giving them the best marketing exposure possible so we...

Buying or Selling a Home: selling home, hvac air filters, chimney caps
hvac air filters, chimney caps, fence gates: Sellers can speed their home inspection by following these suggestions. The inspection will go smoother, with fewer concerns to delay closing. 1. Confirm that water, electric and gas service are on, with gas pilot lights burning. 2. Ensure pets...

Buying or Selling a Home: selling home, jessica bryan, professional guidance
jessica bryan, professional guidance, costly error: Dear Gina; Selling your home yourself does not necessarily save you money and can be extremely time-consuming. The most important part of selling your home is to get the word out. If your home is in a well-travelled area and a sign will be easily seen then...

Buying or Selling a Home: selling home, national franchises, local companies
national franchises, local companies, real estate agent: Having a mortgage on your home does not change how you sell your home. The closing attorney will contact your lender and get your payoff amount, and at closing will wire the payoff directly to the lender. However, I would always recommend using a Real...

Buying or Selling a Home: selling home, century 21, good luck
century 21, good luck, bearing: Hi Mike, You can sell your home yourself if you choose to do so. The fact that you have a mortgage on it has no bearing on “who” sells your home. I would suggest you get your current payoff so that you will know the approximate amount needed to pay...

Buying or Selling a Home: selling my home, todd thornton, types of ownership
todd thornton, types of ownership, local real estate: Matt, The mortgage and the deed are two different issues. In order to split up the ownership (deed), either the owners have to agree or a court may partition the property. That might involve a court ordered sale and a splitting of the proceeds above any...

Buying or Selling a Home: selling home, accurate value, best bet
accurate value, best bet, real estate agent: Mike, First off I would like to apologize for the delay on answering your question, I just received notice of it this morning. No you do not need a real estate agent or big company to sell your home. But there is a lot you need to know before you place it...

Buying or Selling a Home: selling home, disclosure forms, multiple listing service
disclosure forms, multiple listing service, dear mike: Dear Mike: You certainly have the option of selling it on your own, but it sounds easier than it actually is. Real estate companies and their agents are professionals, and many surveys show that there is a value in using some one who knows what they are...

Buying or Selling a Home: selling home, jessica bryan, marketing history
jessica bryan, marketing history, dear mike: Dear Mike; It is not essential that you use a real estate agency to sell your home but highly recommended. A licensed agent will give you marketing history and data to help you price your home correctly. He/she will also assist you in making small repairs...

Buying or Selling a Home: selling home, real estate disclosures, full service broker
real estate disclosures, full service broker, price negotiation: Hey, Mike. I don t know what state you are in, but most states are in buyers markets right now. Those are the types of markets where you really want a full-service brokerage such as Century 21, particularly if you are in California, Illinois, New York,...

Buying or Selling a Home: selling my home, cvs drugstore, trendy music
cvs drugstore, trendy music, stagers: Hi Joanna, A couple of tips I can give you to diminish the amount of noise that a potential buyer could hear would be: For the interior - During showings be sure to turn on some soft music for background noise. Choose a CD so there won t be any commercials...

Buying or Selling a Home: selling a home, temecula ca, showings
temecula ca, showings, waste of time: Dear Jodi, There is definitely something wrong if your house is listed and you aren t getting any showings. Your agent needs to give you feedback and if the house is overpriced give you comps and advise you what will sell the house. I am guessing that...

Buying or Selling a Home: selling a home, husbands name, pocket expenses
husbands name, pocket expenses, misrepresentation: Hi Noelle, My question would be, how did this situation come about? Did the Realtor just never ask the question regarding ownership; was your husband to sign later; or was it just an oversight? A smart Realtor should always check ownership records in...

Buying or Selling a Home: selling home, wall carpet, neutral colors
wall carpet, neutral colors, constructive comments: Dear Erica; I know that the market is slow in many areas, but with that many people through and no offers I would question what is wrong too! Has your agent followed up on each of the showings asking for feedback? If not, then that is precisely what he/she...

Buying or Selling a Home: selling my home, real estate brokers, buyers broker
real estate brokers, buyers broker, discount broker: Dear Ernest; Thank you for your good question… All broker fees are negotiable. There is not a standard fee that is charged by a real estate brokers although 6% is the customary amount paid for selling a home. 3% would be paid to the listing broker, and...

Buying or Selling a Home: selling a home with a 2nd mortgage, mortgage holder, new mortgage
mortgage holder, new mortgage, mortgage loan: You don t have to worry about any and all mortgages, Mimi . . . . except to make sure you have enough equity over and above the total of any and all of the mortgages recorded against your property. When you sell the property, the title company will make sure...

Buying or Selling a Home: selling my home, jessica bryan, legal docs
jessica bryan, legal docs, lien waiver: Hi Jeanne; You can do one of two things...You can talk to a Realtor about limited representation and offer to pay a set fee for them to make sure you have all of the paperwork, inspections, disclosures, etc. They can also help you negotiate or do any of...

Buying or Selling a Home: selling my home, small time, debts
small time, debts, mortgage: Hello Miya, You can sell the home. Just keep in mind that you might have a mortgage on the home which needs to be paid off when you sell. If you need help to figure out your costs please let me know. You can sell your home anytime you want. You just have...

Buying or Selling a Home: selling home, rare exceptions, escrow
rare exceptions, escrow, brokerage: Anthony; with rare exceptions [some of NY state] the best approach is to find a real estate brokerage that you can trust and get your house listed. IN the listing, it has to be stated [you demand it] that the sale cannot be completed [ie, escrow completed/closed]...

Buying or Selling a Home: selling home, local realtors, moe
local realtors, moe, good luck: Dear Anthony, Thank you for your question. Those rules vary from area to area. Call in a few local Realtors and ask their advice. How far away are you moving? Where I work if you move in the same town or area you should start looking and get...

Buying or Selling a Home: selling home, domino effect, cash equity
domino effect, cash equity, free interview: Hi Anthony, Sorry for the delay, but I thought I answered this already. If you need the cash equity from your home to buy the next home you need to put your home on the market and be almost in contract to sell before you can become a qualified buyer...

Buying or Selling a Home: selling home, contigency, s market
contigency, s market, aol: All of the above, Anthony. If it was me, I would go to the location I d like to live and get real familiar with the market for houses there. Don t worry about losing out on a good house. There will be plenty others in this slow market. Then come back and...

Buying or Selling a Home: selling home, bridge loan, construction period
bridge loan, construction period, home in time: Dear Anthony; You can begin researching homes in the area in which you want to live by checking the Internet for listings. This will give you an idea of prices and availability. If you are in a market where homes move quickly, you will need to submit an...

Buying or Selling a Home: selling home to buy out siblings on moms home, escrow agent, half a million
escrow agent, half a million, worse case: Hi Kathie, While I am neither an Accountant nor an Attorney and cannot provide legal advice, I will be glad to give my two cents worth of thought to your situation. You have left out some very important information such as whether your mom had a trust or...

Buying or Selling a Home: selling my home on contract, executor of an estate, gi loan
executor of an estate, gi loan, disclosure laws: Hi Lowell, First you need to find out if what the party is offering you is a good value for the home. Contact a local real estate agent and ask them to give you a realistic market analysis along with an estimate of what it will cost to sell the home. ...

Buying or Selling a Home: selling a home FSBO, national association of realtors, association of realtors
national association of realtors, association of realtors, home fsbo: Hello Sharon, Thank you for your question. If you are selling your home on your own you need to be able to deal with buyers and others who will respond to your advertising. The only person you need to hire is an attorney to handle the closing unless...

Buying or Selling a Home: selling home to family member, closing cost, mortgage broker
closing cost, mortgage broker, family member: Hi Michele! Thanks for your question. You can pay for your mothers closing cost. Make sure you inform the closing attorney or whomever you are using of this option. As far as the 20%, talk with your mortgage broker. You can gift her the money and that...

Buying or Selling a Home: selling my home to family members, cost zero, newport ri
cost zero, newport ri, rule of thumb: Hello Maura: There are many ways to solve this problem. I think coming up with a fair price on the house is the easiest issue. 1) An appraiser or multiple appraisers. Appraisers are licensed and objective. I would pick two (you pick one, and your sister...

Buying or Selling a Home: selling a home in NYS, selling your home, selling a home
selling your home, selling a home, lawyers: Hello Eileen, Thank you for your question. New York is still a buyer beware state, but if you are selling your home there is a state form to fill out to give the buyer information about your home. Lawyers do not want you to fill out the form. If you...

Buying or Selling a Home: selling a home by owner, real estate lawyer, real estate transactions
real estate lawyer, real estate transactions, selling a home by owner: Dear Ed; There are lots of web sites that can help you market and sell your house on your own. One of the best is http://www.forsalebyowner.com . As for marketing tips, there are many books and videos that can help you with ideas and suggestions. I suggest...

Buying or Selling a Home: selling our home and purchasing another, real estate license, free resources
real estate license, free resources, bobbie: It all depends on how much time the attorney will have spent on your transaction. I would suggest you ask a REAL ESTATE attorney. What? $500? $1,000? As long as you have a friend with a license, why not ask her what she would charge? Unless you have the...

Buying or Selling a Home: selling a home that is in a trust, capital gains tax, selling a home
capital gains tax, selling a home, survivor: Hi Rick, It would be best to check with a tax professional on that one. The question I have for you, is the property owned by a trust? If the property was a primary residence owned directly by your parents and they occupied it for 2 consecutive years,...

Buying or Selling a Home: selling home after using a real estate agent, jessica bryan, real estate agent
jessica bryan, real estate agent, amount of time: Dear Eileen; I suggest that you re-read your listing agreeement. There is usually a clause that says that after the contract expires if you sell the home to someone who saw the listing during the time it was with this agent then you still owe the agent the...

Buying or Selling a Home: selling a home via auction, real estate auctioneers, jessica bryan
real estate auctioneers, jessica bryan, bid price: Dear Ginger; The first suggestion I would make is for you to discuss with the REALTOR why the home hasn t sold. Is it priced too high? Last October the market was still strong in most areas so I am a bit surprised that the home didn t sell. However, if...

Buying or Selling a Home: selling home in woodbridge va, settlement agent, friday afternoon
settlement agent, friday afternoon, county courthouse: Hello Darlene and thank you for your question. Your agent is correct and here is why - before the settlement agent can legally disperse the funds from closing to anyone, Sellers and Agents alike, the government requires any sale be recorded at the county...

Buying or Selling a Home: selling home, paying off a mortgage, kitchen and baths
paying off a mortgage, kitchen and baths, desirable neighborhood: It s very difficult without seeing the property, however, on average, there would be a 15 to 25% reduction in the scenario that you described, i.e. selling as is with no pre-sale spruce up. May I suggest moving out of the house completely and sending...

Buying or Selling a Home: selling house, living trust, demise
living trust, demise, deb: Get a Living Trust, Deb. Very simply, you deed the house to the trust. You are the trustee. Your son is the substitute trustee. Upon your demise(should that occur), he becomes the trustee. Nothing changes. Contact and talk with an attorney who specializes...

Buying or Selling a Home: selling house "as is", document preparation services, time home buyer
document preparation services, time home buyer, first time home buyer: Where is the house for sale? If you are in Montgomery/Bucks County I can work as a transaction licensee to help you write the agreement of sale and put together the rest of the paperwork for 1%. A transaction licensee is a salesperson who provides communication...

Buying or Selling a Home: can i get out of selling my house, financial liability, family emergency
financial liability, family emergency, getting money: Hello David and thank you for your question. Well, the law says you can t force someone to sell their home...... However, if in good faith, you willingly entered into this purchase agreement with the Buyer and now, two days prior to closing you have a change...

Buying or Selling a Home: selling my house, renovation business, capital gains taxes
renovation business, capital gains taxes, property renovation: Hey, Wendy. When I read your question, my first response was a very loud HUH? You can sell your house whenever you want to sell your house. Whether someone else wants to buy it at the price you want to sell it at is the question. I think where the...

Buying or Selling a Home: selling a house..., best bet, cpa
best bet, cpa, money: Before I answer this question I ask that you seek the advice of a CPA or an attorney. I believe your best bet would be to quick claim the deed to your sister. This way the house is no longer yours and any money she makes on the sale of the house you won t...

Buying or Selling a Home: selling a house..., tax consequences, tax expert
tax consequences, tax expert, escrow: Hi Linda, First off, thanks for your question. I m not a tax expert, but I can give you my opinion on the matter from experience. For the house to be sold, the owner on title has to be the one who initiates escrow and agrees to the purchase. That s you....

Buying or Selling a Home: selling our house, luck john, john hall
luck john, john hall, relator: Melissa: Since you have not used a Realtor I suggest you ask friends and family if they have any Realtors they would recommend. All good Realtors really strive to satisfy all their clients needs and that is why it is good to get referrals from friends...

Buying or Selling a Home: selling my house, balloon payment, creative selling
balloon payment, creative selling, conventional mortgage: Steven, An exmaple deal of what I meant: A home is worth $100,000 & seller has had it on the market for 8 months & needs to sell fast. Since 75% of americans have bruised credit, qualified buyers with a loan are hard to find. So you decide to offer...

Buying or Selling a Home: selling my house, jessica bryan, divorce decree
jessica bryan, divorce decree, claim deed: Hi Pat; It depends who has their names listed on the title for the house. You will need to dig up old paperwork and see if your wife s name is listed. Also, in the divorce decree was there a quit-claim deed signed over so the house was considered to be...