About Experts Sitemap - Group 8 - Page 12 2014-11-18

Buying or Selling a Home: Owner Finance, owner finance, deed of trust
owner finance, deed of trust, promissory note: With a deed of trust, Danny, you need to have the buyer also sign a Promissory note. The note secures the deed of trust. The deed of trust lets the world know that the buyer owes you money. If you don t want to have to pay for the cost of an attorney, simple...

Buying or Selling a Home: Owner Financing, paying on time, new mortgage
paying on time, new mortgage, tax write offs: Sorry you did not get the answer to this question. First you need to determine if the price of the house is fair for the neighborhood. I have done contracts for deed in the past and they can be a good tool for someone like you, but you need to have a local...

Buying or Selling a Home: Owner financed home, now talking about his lender forclosing on him, mortgage holder, consultation fee
mortgage holder, consultation fee, deed of trust: William, It depends on your state and if it is a real foreclosure with a lien or if the instrument is a deed of trust. Most likely, the mortgage holder has first priority. The best advice I can give you is to immediately see a real estate attorney...

Buying or Selling a Home: Owner financing, owner financing, fill in the blanks
owner financing, fill in the blanks, clauses: Dear Megan, I am not sure if you will like my answer but I don t understand why you don t have someone represent you in what is probably the biggest investment you own. You acknowledge that you have no experience. The contract in California is 8 pages...

Buying or Selling a Home: Ownership after marriage, revocable living trust, alice adams
revocable living trust, alice adams, community property states: Here in California, Dina, we are a Community Property state. There are nine community property states out of the 50. That means if a house is purchased DURING the marriage, it is presumed that the property belongs to both spouses. If, however, one of them...

Buying or Selling a Home: Ownership after a marriage, empire state bldg, conveyance of title
empire state bldg, conveyance of title, warranty deed: Depending on the state, the Warranty Deed and the Grant Deed are virtually the same. Just a different name for the same function. That is: The seller (or conveyor) warrants that the title he/she is conveying is guaranteed to be valid. In Nevada, they use...

Buying or Selling a Home: Who Owns A Property?/Property Watching, hud program, fond memories
hud program, fond memories, mr dennis: You said it sold before you could do anything about it, Lorena, yet you say WE sold it. I ll just assume you just make a mistake choice of words. In any case, yes, it is possible to find out who owns the house (after all, it s been 15 to 18 years since your...

Buying or Selling a Home: obtaining brokers license before selling/buying, jessica bryan, selling your own home
jessica bryan, selling your own home, personal involvement: Dear Mike; Obtaining a broker s license is not a small task these days. If you have the time and energy to spend on this though, it will save you the commissions and would be worth it. However, I must caution you that the work involved in buying and selling...

Buying or Selling a Home: offer to purchase of vacant land, building contractors, vacant land
building contractors, vacant land, real estate agent: You should find a knowledge real estate agent who knows the location of good vacant land. That person will inform you as to what you must do to prepare that property for building your home. You might also want to talk to an architect or two. They sometimes...

Buying or Selling a Home: someone offered me $80,000.00 what's next, realtors, lawyer
realtors, lawyer, fair market value: Getting it in writing is always a first. Then, make sure they can pay you (financing), then double check to see if they are offering a fair market value for your home. Maybe it has appreciated more than you know. This is one reason why people work with...

Buying or Selling a Home: someone offered me $80,000.00 for my home, escrow companies, faith deposit
escrow companies, faith deposit, craiglist: Hi Mike, I sent you an e-mail at the freelaptopsandcomputers e-mail this afternoon. What i put in the e-mail was that you should go through an escrow or attorney s office to have them draft up a contract. I don t know what state you are in but most escrow...

Buying or Selling a Home: someone offered to buy my house, new york realtors, westchester county new york
new york realtors, westchester county new york, satisfactory inspection: Dear Mike, Thank you for your question. This would depend on the local custom. In some states the Realtor will prepare a contract with the buyer and present it to the seller for acceptance. If accepted you are in contract pending attorney review. ...

Buying or Selling a Home: offers on home, ethical nature, verbal agreement
ethical nature, verbal agreement, committment: Dear Dianne; Here is a question of legality vs. ethics. A simple verbal acceptance is not legally binding; and I assume no money has changed hands which might imply more of an acceptance. There could be things that are in writing that were not understood...

Buying or Selling a Home: offers w/ contingencies, real estate broker, fornos
real estate broker, fornos, contingencies: Hi Matt thank you for your question, but as you know I m a Real Estate Broker and I don t ever advise anyone to sell by themselves because of situations as the one you are in now. The answer is yes there is and I recomend you contact a local knowlegable Realtor...

Buying or Selling a Home: offers w/ contingencies, typical question, attorny
typical question, attorny, counteroffer: Matt, This is a typical question from a seller that is trying to save a commission!!You need to consult an attorney for the verbiage to put into such a counteroffer; that is available and would be free with a Realtor. You will have to pay the attorny for...

Buying or Selling a Home: offers w/ contingencies, real estate contract, earnest money
real estate contract, earnest money, local real estate: Hello Matt, Yes, there is language in contracts that states you will continue to market your home for sale and if another offer comes in, the original offer will have 24or48or72 hours to either drop their contingency or back out and get their earnest money...

Buying or Selling a Home: offers w/ contingencies, first right of refusal, right of refusal
first right of refusal, right of refusal, contingencies: Matt, You can accept it with a 48 hr first right of refusal and the understanding that you will keep your house on the market. All this must be in writing. If you get another more desireable offer the original buyer has 48 hours to remove their contingency...

Buying or Selling a Home: offers w/ contingencies, earnest money deposit, contingency
earnest money deposit, contingency, contingencies: Yes, Matt. This kind of selling is done all the time in a market that favors the buyer . . . now. You simply accept her offer to purchase subject to her finding a buyer within X amount of days. Seller retains the right to continue marketing his property....

Buying or Selling a Home: offers w/ contingencies, contingencies, interested parties
contingencies, interested parties, contingency: HI Matt, Thank you for your question. Going into contract with someone who has a house to sell makes you subject to the sale of their house. You are really not in contract. So, you could make a contract with them subject to the sale of their house,...

Buying or Selling a Home: open house, natural granite, spec houses
natural granite, spec houses, construcion: Hello Jo, The best way to point out facts about the home in an unobtrusive way is to make a nice brochure. There is an art to showing homes, mainly discovering what the buyers are looking for and pointing out the features and their benefits, that will interest...

Buying or Selling a Home: open house, natural granite, spec houses
natural granite, spec houses, definite answer: Dear Jo: Firstly, I am surprised that any experienced builder wishes to sell a home before completion. It sounds ideal, but in reality, some buyers have so many special requests and demands, that it ends up being more costly than expected. Plus, if the...

Buying or Selling a Home: open house, natural granite, spec houses
natural granite, spec houses, s real estate: Hi Jo, The simplest way to call attention to various features in a spec home is to print a color flyer and list all the features the builder wants to call attention to. That way, any lookers will have printed information to take with them when they leave....

Buying or Selling a Home: open house, natural granite, little signs
natural granite, little signs, spec houses: I think you have the right idea, Jo. When people come to see open houses, they really do not want anybody to follow them around pointing out this and pointing out that. Besides, the ones that come to ask questions are the good possibilities. Or . . . they...

Buying or Selling a Home: open house, natural granite, granite counters
natural granite, granite counters, spec houses: Hi Jo, It sounds like you have a good handle on how buyers want to be treated during an open house. If you have a brochure or info sheet that everyone can pick up when they come in you can attach a sheet of all the special amenities such as granite counters...

Buying or Selling a Home: open house, natural granite, spec houses
natural granite, spec houses, construcion: Dear Jo; An open house is usually a good way to get people to look at a house without feeling pressured by a salesperson. Making signs is cluttered and not very professional. I understand that you do not want to follow someone around, but that usually works...

Buying or Selling a Home: open house, natural granite, spec houses
natural granite, spec houses, repurcussions: Ok. Well I do not understand your role for one. Do you work for the builder? If not are you a Realtor? There can be some serious repurcussions if you just drift around there and are not officially representing a buyer or the seller. IN 90% of the...

Buying or Selling a Home: open house, natural granite, paint samples
natural granite, paint samples, spec houses: Jo, Sorry for the delay in my response. For some reason I don t believe I received the original notice of your question. Your idea for what I like to refer to as look at me signs, is a good one. It s really the best way for people to notice the upgrades...

Buying or Selling a Home: open house, natural granite, home realtors
natural granite, home realtors, spec houses: Jo: The first thing you need to do is check to see if it is legal in your state to hold the open house. Here in California, you would need to be a licensed agent if you were working for the owners of the home. Bascically, in an open house you are...

Buying or Selling a Home: What is owed our realtor, martha dear, who is a friend
martha dear, who is a friend, friend of a friend: Dear Martha: I suggest to find out what is the standard percentage rate paid to buyer s agents when they do all of the work. Agents expect a certain percentage based on the value of the home. I do not know the rate at your state, I am in California. You...

Buying or Selling a Home: owner carry back, downpayment, money down
downpayment, money down, lump sum: Hello, Thanks for the email. An owner carry back is that when you purchase a property and the owner is willing to carry some of the loan. Usually the first lender will probably give you an 80% loan and the remainder 20% would either come from a 2nd...

Buying or Selling a Home: owner finance, mortgage assumption, jessica bryan
mortgage assumption, jessica bryan, owner finance: Dear Bonnie; Are you saying this is your home and now your parents are living there and want to buy it from you? If they can t get a loan and are paying rent to you there is always the possibility of assuming your loan. They should contact the bank that...

Buying or Selling a Home: owner financing, fornos, creative financing
fornos, creative financing, real estate agent: Hi Brian, Thank you for your question, as a Real Estate agent you know that there is a difference between, creative financing and owner carry back. The days of creative financing are almost gone due to 100% financing, about owner carry back, yes that is...

Buying or Selling a Home: owner to owner, downpayment, title insurance
downpayment, title insurance, purchase agreement: That is not the proper way to conduct the sale of real estate. Way too many things can and quite often does go wrong. Do not hesitate. Go to a REAL ESTATE attorney to do the transaction properly. There should be a purchase agreement and a big assortment...

Buying or Selling a Home: ownership with son & his wife, golden gate bridge, empire state building
golden gate bridge, empire state building, warranty deed: You like to play with fire, don t you, Phy? Go to a title company and ask them to fill out a WARRANTY deed the way you want it. It will cost only nominally. But you will be able to sleep at night. There is a difference between a warranty deed (grant deed is...

Buying or Selling a Home: owning my ground rent to my home, jessica bryan, time home buyer
jessica bryan, time home buyer, first time home buyer: Dear Shanae; I don t know why your particular home ownership involved buying the home but not owning the land it was on (unless it was a conominium development.) There are, however, situations where the land owners will rent the land for residential use with...

Buying or Selling a Home: Paid lot fee-tearing down woods, township planning board, reimbursment
township planning board, reimbursment, cypres: Heidi, Unfortunately this is an all too often occurrence. It is incumbent upon the buyer to research the surrounding properties BEFORE you buy. There is really no recourse to get your money back. However, you can approach the builder and ask about privacy...

Buying or Selling a Home: Paint, gleam toothpaste, wall hangings
gleam toothpaste, wall hangings, fingertip: If the areas in question can take sanding, then do it. Then repaint. That s all you can do. For future reference, you might try dabbing a littel Gleam toothpaste on your fingertip and smooth it over the hole. Works for me for many moves. I wish you well,...

Buying or Selling a Home: Part time work in real estate: possible? desireable?, part time work, time carl
part time work, time carl, real estate license: In order to sell real estate you must have a real estate license. The only type of work that you would be eligible for part time might be a receptionist which probably pays about minimum wage. You might assist someone holding open houses but without a license...

Buying or Selling a Home: Part time work in real estate: possible? desireable?, jessica bryan, part time work
jessica bryan, part time work, independant study: Hi Carl; Look for a large company with lots of agents. There are bound to be some top producers looking for assistants and the office manager may need some help as well. Part time is usually minimum wage and there is nothing you can do to get a portion...

Buying or Selling a Home: Part time work in real estate: possible? desireable?, part time work, time carl
part time work, time carl, day job: Hello Carl, It is very hard for the average person to make money in Real Estate. 10% of the Realtors do 90% of the business. The average Realtor sells 4-6 homes a year. So most Realtors are only working part-time anyways. Go to some local offices and...

Buying or Selling a Home: Partners in a home, limited liability company, llc limited liability company
limited liability company, llc limited liability company, morage: Title holding is what you are partially concerned about; tenants in common and joint tenancy. with T in C, you can deed or will your part to whomever you wish. ask your favorite family atty what method is suggested where you are. your duplex for 650...

Buying or Selling a Home: Partnership, personal income tax, capitol gains
personal income tax, capitol gains, partnership agreement: I don t know who you re getting the information from, Jim, but this would be the first time I have heard where a lender does not allow the transfer of the title to a LLC, or a living trust, etc. As long as the original borrower is part of the new organization,...

Buying or Selling a Home: Patio Door covering, fabric styles, vertical blinds
fabric styles, vertical blinds, patio doors: Hi Denise- You have a few options here. One is having a traditional draping. There are so many sizes and fabric styles to choose from which will help to incorporate your exsisting decor. If you re not big on curtains, you might want to consider having professional...

Buying or Selling a Home: Pay off Mom's Mortgage so she can stay in house, estate tax consequences, laddered portfolio
estate tax consequences, laddered portfolio, health scare: Hello Christina: Here are some thoughts for you to consider. Please remember that while I am familiar with real estate tax consequences, I am not a CPF, tax accountant or any such thing. Your situation may be different, and you should always consider...

Buying or Selling a Home: Paying for a new home? Residency?, state income tax, commuter tax
state income tax, commuter tax, certificate of occupancy: Hi Calvin, Thank you for your question. Yes, Westchester is expensive. Your construction loan mortgage should not have payments beginning until after the final certificate of occupancy is issued and the closing takes place. Your new home can...

Buying or Selling a Home: No Down Payment, buying a condo, david garcia
buying a condo, david garcia, mortgage company: Gus, The seller doesn´t have any say on how much down you need. They will be getting their money anyways. Now if you only got approved for a loan of 90% then you would need 10% as downpayment to be able to purchase the property. David Garcia ...

Buying or Selling a Home: No Down Payment, buyers remorse, state mortgage
buyers remorse, state mortgage, buying a condo: A seller only cares about your down payment because it is the money on deposit that they get to keep in the event you default on the purchase contract. With a no money down mortgage, you can still give the seller (in escrow) say $10,000 on deposit and then...

Buying or Selling a Home: Payments on a house for sale, mortgage payments, good advise
mortgage payments, good advise, mortgage lender: This is TERRIBLE ADVICE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ONE SHOULD NEVER EVER NOT MAKE HOUSE PAYMENTS If your fiance owes on the home he has the obligation to continue to make payments until the mortgage is paid in full, to not do so would not only...

Buying or Selling a Home: Penthouse, don hi, wealthy man
don hi, wealthy man, penthouse: Hi Don, Thank you for the question. Why won t he allow renting? Are you supposed to live there? In the current market any real estate is good value, and if the seller will work with you you save closing expenses. Need more info on the situation...

Buying or Selling a Home: People persons?, loads of money, personal observations
loads of money, personal observations, estate business: Dear James, I can only answer this question based on my personal observations. You don t necessarily have to be chatty but I think it helps to be personable and able to communicate to your clients that you know your business and keep their best interests...

Buying or Selling a Home: PITI-seller rent back set up by seller/buyer agent, friendly letter, settlement statement
friendly letter, settlement statement, seller buyer: Dear Nguyen, You agreed to a rent back for a little under 3 months. For this amount of time there should have been a written agreement stating the amount of the rent so it can be agreed upon by both parties. If you had it in writing while still in escrow,...

Buying or Selling a Home: Picking a realtor (I'm a seller), person move, good communicator
person move, good communicator, predicament: Dear Maureen; First, ask to speak with the Managing Broker of the company. Explain your predicament and ask for a few referrals from the broker. Call each of the people and see who responds in a timely manner. This will be the first indication of a good...

Buying or Selling a Home: Placing a offer on a property, auction agent, real estate contracts
auction agent, real estate contracts, board of realtors: Hello Aaron, I am not sure where you are and if local laws may be different. But in general real estate contracts usually contain the phrase time is of the essence as part of the contract, and all contracts must be presented as soon as practically possible....

Buying or Selling a Home: Off Plan, phrase, reply
phrase, reply: Hello Jan thank you for your question. I m sad to say I have asked around my office and no one here including me has heard that term before. If you would care to tell me which part of the world you have seen this used, I will contact one of my assiciates...

Buying or Selling a Home: Online Mentoring, jay wheeler, properties in bulgaria
jay wheeler, properties in bulgaria, real estate investment: Jay, Thank you for your interest in my company. Profit is whatever is left over after you deduct all your expenses ie, advertising & start up fee. You will not actuality be purchasing a home with your credit or getting a loan in your name. We will...

Buying or Selling a Home: Please help !, filing bankruptcy, lien holder
filing bankruptcy, lien holder, mobile home: Sarah: That is the same trap so many people fall into when buying a mobile. I don t know how they have your fianncing set up or if you own the land, but I would contact the lien holder and try to work out a buyout. Sell it for what you can and go on down...

Buying or Selling a Home: Please help with an unwated property split, same sex relationship, swoop
same sex relationship, swoop, personal loan: That s what filing a partition lawsuit is all about, Jessica. Your attorney knows all about it. He will take the matter with all the properties (real and personal) in front of the judge and the court will demand that the properties be sold. Talk to your...

Buying or Selling a Home: Plumbing Problem after purchase, p traps, sewage smell
p traps, sewage smell, upstairs bathroom: Hi Peter, Not having seen your Contract and having the benefit of additional facts, I believe you are in somewhat of a gray area depending on several factors, including language in your Contract of Sale. Generally, if you have a home inspection, this...

Buying or Selling a Home: Pmi, income qualification, second mortgage
income qualification, second mortgage, credit score: PMI is charged by the lender because you have qualified for a loan that requires less than 20% down. So you have 2 choices: A. Put 20% down on the house you are buying OR B. Have the lender ask if you can qualify for a 2nd mortgage that is the difference...

Buying or Selling a Home: Politely terminating a contract to sell, jim dear, dear james
jim dear, dear james, legal instrument: Dear James; A contract is a binding legal instrument, but as many attorneys will tell you there is no contract that can t be broken. If your personal reasons are good enough to prohibit you from selling this home at this time, then I would suggest discussing...

Buying or Selling a Home: Poor credit. Buying a home next year?, low interest rates, credit score
low interest rates, credit score, credit scores: Darryl, With enough money down, the lenders can overlook the credit scores. Check with your local lender, but typically as long as your score is in the 500 s, if you have at least 20% to put down (you d have 40% based on your numbers), you should easily...

Buying or Selling a Home: Poor Marketing, s real estate, time constraint
s real estate, time constraint, interior shots: Check your listing agreement. It s a contract between you and the agent/broker. The terms for cancellation should be outlined in it. A call to the office manager/broker may help solve your problem. Address your concerns and see what he or she can to assist...

Buying or Selling a Home: Poor Representation, poor representation, broker manager
poor representation, broker manager, marketing plan: Obviously, Cheri, they have not lived up to their listing agreement. Tberefore, it is cancellable. Advise the broker/manager of the real estate office that as of X-date (say, three days from now) the listing is cancelled for good reason and then cite what...

Buying or Selling a Home: Popular neutral colors, pratt and lambert, peanut shell
pratt and lambert, peanut shell, oak cabinets: Hi Stacey, Neutral isn t always beige. Some colors you may want to consider: Sage green is a great neutral and looks wonderful in a kitchen. Benjamin Moore has a great sage called Saybrooke Sage . They also have small samples that you could buy to try...

Buying or Selling a Home: Possibilities.........., tax ramifications, level apartment
tax ramifications, level apartment, upper west side: Dear Mr Fletcher Your concerns are too complex to fully address through this Allexperts forum. In terms of helping your in-laws with their planning, you can achieve significant capital gains tax savings if you structure any purchase/sales of real estate...

Buying or Selling a Home: Possible Foreclosure, foreclosure info, local realtor
foreclosure info, local realtor, size pool: Miguel, whoever filed the foreclosure is who holds the note. It may be the lender, a private party or a loan servicing company. It is usually part of the Notice of Default record on the property. That should also be on record at the County Recorders Office...

Buying or Selling a Home: Potential foreclosure, lender loans, investment deals
lender loans, investment deals, personal residence: Hi Shawn - You ve got a daunting ordeal ahead of you. That said, let me recap to make sure I answer your question correctly. You re in foreclosure on a number of investment properties, and you want to know if the lenders can attach your personal residence...

Buying or Selling a Home: Potential Home Inspection Problem, copper joints, cpvc pipes
copper joints, cpvc pipes, copper lines: Good Evening Ms. Jones, The blueish stains you seeing may be caused by a trickle leak. It all depends on the type of water supply lines you have. Most generally they will be Copper, Galvanized Steel or CPVC pipes. There are others so it s helpful to know...

Buying or Selling a Home: PROBLEMS WITH HOUSE AFTER SALE, small claims court, interior ceiling
small claims court, interior ceiling, interior decorator: You bet, Maryann. The contract said to fix it, not just go through the motions. Since it is leaking in the same place they obviously did not. You should send a certified letter to the seller AND the Realtor advising that if the roof is not repaired within,...

Buying or Selling a Home: PROFIT, jessica bryan, staggering price
jessica bryan, staggering price, real estate investments: Dear Tim, The one thing that you didn t mention is tax advantage and write offs. The other thing I would like to point out is that there are certain real estate investments that double or even triple in only a few years. Much of this depends upon location...

Buying or Selling a Home: PROFIT, staggering price, half a million
staggering price, half a million, cant beleive: Dear Tim, An accountant is the best person to answer tax related questions. With that said, consider the following: 1. You need a place to live...pay a mortgage payment with tax advantages and earn equity or pay someone else s mortgage (landlord) and...

Buying or Selling a Home: PROFIT, staggering price, capital gains tax
staggering price, capital gains tax, nice neighborhood: Well, Tim, it seems you are forgetting the IRS factor. Because you will have lived in your condo (and it is your primary residence) for a minimum of two out of the previous five years before you sell it, you can forget about paying any capital gains tax (up...

Buying or Selling a Home: Pre approval, boca raton florida, friendly mortgage
boca raton florida, friendly mortgage, lowest interest rate: Once you are pre-approved it is typically good for 90 days or until significant changes occur in your income or employment status. Typically, buyers speak to a friendly mortgage broker recommended by their realtor for the pre-approval. This broker will...

Buying or Selling a Home: Pre-construction Condos, bedroom floor plan, target buyers
bedroom floor plan, target buyers, upscale development: Hi Ben, How wonderful to have first choice of any unit in the building! That is a true first phase opportunity and usually nets the investor the best profit margin. It is hard to answer the question of whether to buy the least expensive unit or a corner...

Buying or Selling a Home: Pre Foreclosures, mls bank, hud properties
mls bank, hud properties, bank foreclosures: I locate foreclosures for my clients using the Multiple Listing Service (MLS) (e.g., Real Estate Owned (REO) Bank Foreclosures, and HUD Properties). Additionally, there are non-listed (non MLS) bank owned homes you ll find in the news paper...such as Sheriff...

Buying or Selling a Home: Pre-foreclosure, foreclosure, solicitation
foreclosure, solicitation, foreclosures: It s not easy, Scott. People who are in default (pre-foreclosure) are not happy people and if you try to contact them you will get a door or two slammed in your face. If you send a solicitation, it ll be tossed . . . just like all the others they received....

Buying or Selling a Home: Preconstruction home in Mexico, cabo san lucas, fidecomiso
cabo san lucas, fidecomiso, mexico and the united states: Good morning CJ, I apologise that my traveling has delayed my answer to you. This is a very good question and one that I am asked since I represent a builder in Cabo san Lucas and have spent 10 years with RE/MAX myself. The questions you must ask your...

Buying or Selling a Home: Preforclosed homes, preforclosure, touchy subject
preforclosure, touchy subject, forclosure: Foreclosures in each state is different. I recommend you go online in your state and ask how foreclosures are treated in your state. Then purchase, rent, borrow or steal a book that teaches about mortgages and foreclosures that are valid in your state. It...

Buying or Selling a Home: Preforeclosure houme, jessica bryan, home doesn
jessica bryan, home doesn, tax liens: Hi Ruta; It is best for the Seller if a home doesn t go into foreclosure. This is because the foreclosure will ruin the Seller s credit. Late pays are bad enough but a foreclosure is really bad! So...even if it may seem insensitive, contacting the owner...

Buying or Selling a Home: Preparing to Sell, tile store, vinyl tiles
tile store, vinyl tiles, stark white: Hi Stacey, Thanks for writing All Experts. This is an area of expertise plus personal opinion, but I believe to paint the interior of your house a stark white could be a mistake. Many people might think it is too “sterile” a look. I would definitely...

Buying or Selling a Home: Preparing to Sell, different color, parson
different color, parson, carpeting: Dear Stacey, Good luck in the sale of your home. It is impossible for me to give you opinions on decor as I don t have the luxury of seeing your home. I definitely think you should paint the interior but I personally prefer trim to be a different color...

Buying or Selling a Home: Preparing to Sell, drapes and blinds, new carpet
drapes and blinds, new carpet, stark white: Dr. Stacey; Fresh paint is always a boost to the look of the house. You didn t tell me the age of the house but based on the fact that you are also wanting to replace tiles I am assuming that the tiles are perhaps outdated. Go with something neutral but...

Buying or Selling a Home: Preparing to Sell our home., neutral carpet, wood laminate
neutral carpet, wood laminate, target market: Stacey, Sorry for the delay in getting back to you. Most real estate people would still recommend a neutral color for the walls(beige/taupe) and white for the trim although the style of the home can also factor into what s appropriate. Light colors do give...

Buying or Selling a Home: Preparing to Sell, local realtor, luck john
local realtor, luck john, john hall: Mr. Parson: All of the work you have mentioned will definitly make the home look nicer and help it sell quicker. I would suggest you talk to a local Realtor and see how the present market is. What I mean is, ask the Realtor how quickly homes are selling...

Buying or Selling a Home: Price right?, virtual broker, daytona beach
virtual broker, daytona beach, sft: OK Bill.... AT 5.7 Million I suggest you proceed with caution. You can buy a hell of a lot of house anywhere you want in the US for 5.7M. I also doubt that there are a lot of buyers for this price range. Bottom line.... make the sale subject to...

Buying or Selling a Home: Principal, real estate commissions, mortgage balance
real estate commissions, mortgage balance, principal question: I would think that if a party is entering foreclosure they would find it difficult to borrow money to assist with selling costs. When a house goes to foreclosure it has a lien on it which must be cleared in order to sell. That would include back mortgage payments,...

Buying or Selling a Home: Principal, principal question, preliminary notice
principal question, preliminary notice, notice of default: You never said anything about foreclosure, Augusto. I answered the question as you asked it. A property goes into foreclosure when the lender has filed a preliminary notice of default (or notice of default in some states). If the owner does not make his...

Buying or Selling a Home: Private sale of family home, consequenses, married person
consequenses, married person, tax situation: Hello Kathy and thank you for your question. Since you did not say where (State) you are located I can not really comment but here is my advice. Contact an attorney that deals with estate planning and or realestate. They can draft all the necessary...

Buying or Selling a Home: Privately Selling, mortgage commitment, townhome
mortgage commitment, townhome, good luck: Hi Joan, Thank yo for your question. Since you already have a buyer you are ready to go. They should supply you with a bank preapproval letter for the purchase price. Take this and their names to your lawyer and have a contract drwan up for them. Your...

Buying or Selling a Home: Problems after a home purchase, upstairs neighbor, county chicago
upstairs neighbor, county chicago, condo association: Hi MStewart, It sounds like you definitely did not receive a full and accurate disclosure prior to your closing about two months ago. A disclosure that the condo association is not in compliance with building inspections, to me, is definitely a material...

Buying or Selling a Home: Proceeds Made After Sale, capital gains tax, state income tax
capital gains tax, state income tax, internal revenue code: Internal Revenue Code 121 says you do not have to pay any capital gains tax on your home as long as you have lived in it (and made it your primary home) for two of the past five years up to $250,000 ($500,000 married couple filing jointly). Simple as all...

Buying or Selling a Home: Promissory note on Home, promissory note, interest payments
promissory note, interest payments, lawyer: I think that if the person who holds the note contends that there are still outstanding fees/interest owed and that you disagree with his figures then you have to let the court decide. You both will need proof to present to the judge in order to plead your...

Buying or Selling a Home: Property Appraisal, fulton county assessors, county assessments
fulton county assessors, county assessments, appraisal value: If the County website is not reflecting improvements (extra beds and baths), then the Assessment is probably not reflecting those values. In any event, county assessments are not the most reliable way to value a home. The Current owner of the home can...

Buying or Selling a Home: Property Condition & Disclosure, property condition disclosure, concrete slab
property condition disclosure, concrete slab, back porch: Hey, Rob. Since I don t know what state you re in, it s difficult to answer. However, after seven years of living there, probably not. The statute of limitations has probably expired. There s also the possibility that the builder installed the drains...

Buying or Selling a Home: Property Conveyance re Boundary Line Agreement, domino effect, survey document
domino effect, survey document, description document: I thought that there was no field in real estate that I did not have knowledge, Phil, but alas, you found it. But one thing I do know and that is you should sit down with an attorney and professional surveyor and straighten out the mess. Both would be able...

Buying or Selling a Home: Property Dispute, real estate contract, contract states
real estate contract, contract states, property dispute: Mickey, Thank you for the nice compliment. Most likely, the court can order a sale by auction unless there is agreement by the parties. I cannot give you legal advice as to whether the court will order her to maintain the mortgage payments. Very...

Buying or Selling a Home: Property dispute..., legal recourses, property dispute
legal recourses, property dispute, joint tenants: Dear Raul, A lot depends on how you took title and if any of the agreements were in writing. If the property was puchased as joint tenants then you all own 100% interest in the property. Did you sign a quit claim deed relinquishing any interest you might...

Buying or Selling a Home: Property with Liens, wells fargo bank, california wells
wells fargo bank, california wells, mortgage trust: Of course, Joelle, I don t know what you did (other than not make your payments) with the lender, but a lender is not permitted to arbitrarily raise the interest rate on a mortgage (trust deed) without your permission (with your signature). They cannot raise...

Buying or Selling a Home: Property Management, real estate license, state of virginia
real estate license, state of virginia, property management: Hello Jeff and thank you for your question. I ve been out of town so I am sorry for responding late. Yes, Virginia requires a business and management license to manage property for others for pay. You should contact DPOR in Richamond and explain what...

Buying or Selling a Home: Property left at my new home, cell phone number, fiance
cell phone number, fiance, ladder: Dear Karla; When you buy a house all personal possessions are supposed to be removed unless they convey. If there are personal possessions remaining in the house they become part of your property as it is implied that the personal items were left for you....

Buying or Selling a Home: Property in Probate, vacant property, good faith
vacant property, good faith, heirs: As long as your offer has not been accepted, you may pull out at any time without any liability to you. Period. Even if one of the owners accepted the deal, it still has not been fully accepted. Therefore, you may pull out at any time. I do wish you well....

Buying or Selling a Home: Property Status?, title insurance company, temple hills md
title insurance company, temple hills md, upscale area: I d be willing to bet, Steve, that it is either in probate or the property is in trust with a bank, or attorney, and they are milking the property for all its worth. The property is undoubtedly free and clear of liens and encumbrances and the owners are no...

Buying or Selling a Home: Property Taxes, homeowners insurance premiums, county assessors office
homeowners insurance premiums, county assessors office, county treasurers: Hi Marisa, I can only guess at reasons for the questions you asked, but possibly the reason the escrow company gave you money back for taxes is that you paid too much at closing. Federal law prohibits companies from collecting excess amounts at closing...

Buying or Selling a Home: Property values & MLS access, florida association of realtors, country club condos
florida association of realtors, country club condos, waterfront condos: Hello. Question #1 - Some counties are going to have better property appraiser sites that others. Remember also that raw data, while important, needs to be viewed within the context of what a local expert (ie: a Realtor) can tell you about the property....

Buying or Selling a Home: Proposal to Seller, fornos, realtor
fornos, realtor, good luck: Hi Mike, Thank You for your question, the most professional way would be to have a Realtor write up a contract for you or if no Realtor is involved an attorney could do it. Good Luck, Ricardo (Rick) Fornos 954-457-7878 rick@ricardofornos.com www.reeltor.co...

Buying or Selling a Home: Pros/Cons Rent and Sell, dear florence, jessica bryan
dear florence, jessica bryan, fort hood: Dear Florence; If sales are up in Fort Hood and if the market is a good one then I would say go ahead and sell your home now. However, give yourself a time limit and if it doesn t sell then you should try to rent it out so you don t lose revenue. sometimes,...

Buying or Selling a Home: PURCHASING A DEED FROM A LENDING INSTITUTION, divorce settlement, wifes name
divorce settlement, wifes name, aol: As long as you make a legitimate offer to purchase that note and deed of trust (or mortgage), you should not have any trouble. However, I recommend you hire a real estate attorney to handle the purchase for you, to protect your interests (and perhaps a discount)....

Buying or Selling a Home: Back on Market, breach of contract, graceful exit
breach of contract, graceful exit, earnest money: Ken, The mere fact that the Seller’s agent may be showing the house as available for sale again would not relieve you of any obligation you have under your Contract of Sale. You and the Seller are the only parties to your Contract of Sale, not the agent...

Buying or Selling a Home: Purch. a faulth home, waterproofing company, roofing company
waterproofing company, roofing company, disclosure laws: Dear Tina: Sorry you are going through such a dreadful situation. Perhaps I can be of some help, but only a real estate attorney can advise you of your rights and steer you in a positive legal direction. Most states have disclosure laws where the seller,...

Buying or Selling a Home: Purchase Agreement?, real estate broker, bargain price
real estate broker, bargain price, house price: When I come across those kind of people, I just tell them to go fly a kite. You signed a purchase agreement that says there are certain things wrong with the property. If you don t want to fix anything, it s up to you. You have merely chose to NOT do the work...

Buying or Selling a Home: Purchase Agreement Cancellation, paragraph 11, preferred lender
paragraph 11, preferred lender, hard earned money: Dear Nicole: If you have an agent representing you, this person is the one who has the contract and should be giving you advice. Since I do not have the contract, I can only state that the many people who told you to see about the contingencies and subject...

Buying or Selling a Home: Purchase Agreement Issue, sellers agent, bedroom wall
sellers agent, bedroom wall, aol: Your purchase agreement stipulates that the closing will take place on a certain date. If all the conditions of the purchase agreement are not met by that certain date and you have not agreed to extend the time, then you are eligible to receive your deposit...

Buying or Selling a Home: Getting out of my Purchase Agreement., nathan miller, first contract
nathan miller, first contract, purchase agreement: Hello Nathan, You are correct. The seller did breach the contract. This is one of the reasons to have an attorney represent you at the closing. You should get a local attorney to review your contract and situation before proceeding. You are going to want...

Buying or Selling a Home: Purchase agreement contract, agreement contract, purchase agreement
agreement contract, purchase agreement, sales contract: No problem that s what we are here for. I would say if it is something similar to the situation you are referring to it would work that he could get out of it. If the people decided to sue, I doubt any judge would find fault and it would take a long time...

Buying or Selling a Home: Purchase with a buy back agreement, default clause, rental contract
default clause, rental contract, purchase option: Hi Ted. I know of a lot of people who do this but you have to be very careful. There is a chance later he could come back and say you cheated him out of his home, sue you and have the property awarded back to him and you ll be out in the cold. I know of...

Buying or Selling a Home: Purchase of a Condo - now has termites, ccrs, termites
ccrs, termites, real estate agent: Debra, It is pretty hard to answer the question without more information but I will give it a shot. If the contract called for known defects or problems and the seller knew of the termites, you may be able to collect. If your realtor did not insist...

Buying or Selling a Home: Purchase Contract, garage apartments, commerical insurance
garage apartments, commerical insurance, s real estate: As you know, Sue, the seller must sign a release of your deposit. Therefore, show that you mean it. Author a letter (with you retaining a copy) asking very kindly that the deposit must be released within, say, five days. Failing that, you will be forced to...

Buying or Selling a Home: Purchase Contracts, escrow companies, purchase contracts
escrow companies, purchase contracts, monumental waste: Dear Krys: Not having your contract in front of me precludes some problems or insight on my part, plus too many legal questions. We, as agents, cannot practice law without a license so to get legal advice, consult an attorney. However, being very practical...

Buying or Selling a Home: Purchase, exhusband, homeowners policy
exhusband, homeowners policy, high risk: Lori: What you need to do is contact a real estate Attorney. You need to get legal advice and I cannot give you legal advice. Being unfamiliar with Michigan real estate law I could not offer any real answer for you. However, if the problem had occurred...

Buying or Selling a Home: Purchased new home and owner will not vacate, local real estate, 5 months
local real estate, 5 months, leases: Remember this if nothing else, Mike: In real estate, if it is not in writing, it was never said! Now you have a legal problem. You immediately go get yourself a local REAL ESTATE attorney and get that bum out of there. And make sure the attorney helps...

Buying or Selling a Home: Purchasing a Bank Owned House, comparative market analysis, gc
comparative market analysis, gc, realtor: First, you must have good FICO numbers. Then you must actually own the property after you have purchased the house at a good enough price that you know is below the going market. You will then go out and create a comparative market analysis so you can show...

Buying or Selling a Home: Purchasing first 4-Plex, 4plex, rental purposes
4plex, rental purposes, final decision: HI Dave, Thank you for the question. Will you be living in the 4plex? That will make a difference in your mortgage rate. You will want to know the rent roll, ask for copies of the leases and a list of the expenses and check the taxes at the town...

Buying or Selling a Home: Purchasing a House with a Grant, federal grants, government websites
federal grants, government websites, hud: Hello Faye and thank you for your question. I am very sorry that I have never been involved with a program as you described nor am I aware of any. You might begin searching government websites such as HUD. It s possible another person on this website...

Buying or Selling a Home: Purchasing home for $1, home equity line, zero balance
home equity line, zero balance, closing cost: When there is no specific value placed on a property, a monetary consideration of a dollar or ten is quite common, Michael, no matter if it s family or not. However, some counties when they record the purchase need to have a value so they can tax the property...

Buying or Selling a Home: Purchasing home, state tax withholdings, tax expert
state tax withholdings, tax expert, aol: It depends on your tax bracket. Let s say you re in the 15% tax bracket. In owning a house you will be paying interest on your mortgage. Say, you have a $150,000 mortgage. In the course of a year you would be paying about $8,000-$10,000 in interest a year....

Buying or Selling a Home: Purchasing inheirited home from siblings, deceased parents, three sisters
deceased parents, three sisters, jacksonville florida: In Florida, you use a real estate attorney to handle the closing of a transaction, usually, Thomas. However, to whatever the parties to the transaction agree that is how the services are paid, including the attorney. In this case my bet is on a 50-50 split....

Buying or Selling a Home: Purchasing Land, purchasing land, claim deed
purchasing land, claim deed, screwup: If you want to make sure it is done right and you won t have any problems in the future (you d be surprised how many emails I get from people who get property from family and a screwup of some kind makes for all kinds of headaches), I strongly suggest you...

Buying or Selling a Home: Purchasing Multiple Properties for the first time, prequalified, grandmothers
prequalified, grandmothers, caveat: Hi Stephanie - Congratulations on buying your first home. Can you buy more than one home in the same year? Maybe, but it depends on a couple of things. First, you have to financially qualify to buy both homes. So the first thing you need to do is get prequalified...

Buying or Selling a Home: Purchasing New Home, doublewide, land loan
doublewide, land loan, changing hands: This is easy, yes there should nt be any problem doing this here is how it works. As long as you qualify for a loan amount that is enough to cover the amounts. Before any thing ever happens you will know that because your loan will close with the funds being...

Buying or Selling a Home: Purchasing a New Home, debt consolidation program, melinda melinda
debt consolidation program, melinda melinda, fha loans: Melinda, Sorry for the delay. I ve had some computer problems. The downpayment amount depends on your credit. It would not be uncommon for someone with bad credit to have to put 20% down in order to qualify for a loan to cover the rest of the purchase price....

Buying or Selling a Home: Subject To:, 2nd mortgages, buyer benefits
2nd mortgages, buyer benefits, david garcia: Steven, Thanks for writing again. It takes an average of 6-8 months to sell a home conventionally in the USA. Conventionally means finding a buyer taht qualifies for a loan & purchasing your home the normal way. Many homeowners are actually behind...

Buying or Selling a Home: Purchasing US property from Canada, social security number, canadian citizen
social security number, canadian citizen, david garcia: Chuck, In order for banks or lenders to loan money to buy a property, they require the borrower having a social security number. If you are a US resident (green card holder) you are eligible to receive a SSN. One way you can buy RE is buy using the...

Buying or Selling a Home: Purchasing a Townhouse, palm beach county, judie
palm beach county, judie, lending institution: Tanisha, The ideal down payment is 20% because that allows you not to have to purchase insurance to assure your loan; however, being a recent college graduate, you may not have that much, particularly in the expensive area in which you live. My suggestion...

Buying or Selling a Home: Purchse of Mfg home in New Mexico, todd thornton, state of new mexico
todd thornton, state of new mexico, mexico law: Gerald, Sorry for the delay in response time. I m not familiar with New Mexico law/rules but in most places traditional financing would be available if the home met certain conditions like a certain pitch/sloped roof with shingles, attached to a permanent...

Buying or Selling a Home: p.s., foreclosure property, foreclosure properties
foreclosure property, foreclosure properties, auction: P.S. You asked if there is any risk. That s where you must do research. If you buy the property at an auction, you must have done your research before the auction. They usually make the list of properties available beforehand. Be careful that you don t buy...

Buying or Selling a Home: partition and mortgage, lot of nerve, line thanks
lot of nerve, line thanks, stinker: If I remember correctly, Moya, we are talking about a condo. Therefore you bought it free and clear of any mortgages, liens or encumbrances. That is good. Who is this other person who got a loan on HER HALF of the property? How did she con you to even get...

Buying or Selling a Home: partnership, personal income tax, capitol gains
personal income tax, capitol gains, partnership agreement: Jim. Thanks for your question. It sounds like right now, as it relates to this property, that your partner is the owner. I know that you guys may have a partnership agreement but it appears that the asset is in his name. I have much experience with what you...

Buying or Selling a Home: passing the closing date, purchase contract, home builder
purchase contract, home builder, closing date: Hello Orlando, I am pretty sure that the builder has language in the contract to cover such a circumstance. You will have to read your purchase contract to know for sure. Even if they are convered you still may be able to negotiate something for yourselves...

Buying or Selling a Home: to pay for closing cost, state mortgage, purchase transactions
state mortgage, purchase transactions, contribute 3: Closing costs for purchase transactions are not included in the 100%. You can anticipate 3-4% of the purchase price for closing costs. Additionally, your first year of homeowners insurance is needed to be paid at or before closing. The only way to get...

Buying or Selling a Home: paying back a mortgage, mortgage funds, mortgage payoff
mortgage funds, mortgage payoff, initial investment: This is very tricky and all the particulars are not being clearly communicated by your writings. I would be happy to discuss this with you over the phone. You can call me at 561-999-0070 Sincerely, Jay Rotenberg, President State Mortgage Funding,...

Buying or Selling a Home: payoff of loan, state mortgage, president state
state mortgage, president state, rotenberg: This is entirely normal. The loan balance does not include the interest due up to the date of closing. It is just your principal outstanding that is considered the loan balance. Your payoff included the unpaid interest for the last month. Sincerely,...

Buying or Selling a Home: no permits/bad results on home inspection, dangerous wiring, future 4
dangerous wiring, future 4, electrical problems: Well, Ashley, you re either buying the house as-is or not. If you re buying the property as-is, then the seller must disclose EVERYTHING he knows about the property. Here in California we have a Transfer Disclosure that is checked off on everything the seller...

Buying or Selling a Home: Can a person really bay w/no down, mentor students, david garcia
mentor students, david garcia, san jose costa rica: Dave, I am willing to teach you how to buy homes without any money or credit. There are many ways such as: 1. Lease Options 2. Flips 3. Subject 2 4. Rehabbing I currently mentor students throughout the USA. I provide my students with: 1....

Buying or Selling a Home: picking the right area in Florida, lake canal, going to florida
lake canal, going to florida, judie: Jo, Your price range is the only liability!! You won t find it here in Jacksonville. My suggestion to you would be to log on to Realtor.com and put in your parameters. You will have to go to a very rural area, far from Orlando, Jacksonville, Tampa, Miami,...

Buying or Selling a Home: possible scam... need advice please, real estate contract, realty service
real estate contract, realty service, downpayment: Dear Robert, I think this is more a common sense problem than a real estate problem. I have not heard of this before but I agree that I wouldn t send him any information whatsoever. You might respond that you are more than happy to show the house to...

Buying or Selling a Home: is it possible?, chapter 13 bankruptcy, bankruptcy trustee
chapter 13 bankruptcy, bankruptcy trustee, morgatage: Hi Kim, I am sorry to learn that your circumstances are such that you had to file for Chapter 13 Bankruptcy. I believe your question would better be directed to a mortgage lender as opposed to a real estate agent. Since I really know very little about...

Buying or Selling a Home: possibly a reverse mortgage, north central florida, reverse mortgage
north central florida, reverse mortgage, grandkids: Great Question....Joel. This should not be too hard to do. It sounds really nice. Let me check it out. What is your address?? Maybe I would know someone.... Send me the address and I will take a look at it and get back to you! Thanks... Dirk...

Buying or Selling a Home: post-purchase repair issue, automatic garage door opener, garage door opener
automatic garage door opener, garage door opener, certified mail: Presuming you are still able to contact the sellers, I would communicate (preferably in writing and certified mail)with them that they have had their shot at fixing the garage door opener and now you are going to engage a company to fix it once and for all...

Buying or Selling a Home: pre-construction unit selection, granite counter tops, target buyers
granite counter tops, target buyers, commercial amenities: Hi Ben, Thanks for the question. Well, in my experience, I was told 2nd floor units have the best resale value. I wouldn t pick the side facing the pool (noise issues). I ve been advised that units with views are great and 2+ bedrooms resale better....

Buying or Selling a Home: pre-forclosure, title search, neighbor
title search, neighbor, realtor: It doesn t make a difference if the property is across town or next door, Peggy, you have to treat that situation the same, unless you have an in with the owner. You could contact a REAL ESTATE attorney to write up an offer in conjunction with a possible ...

Buying or Selling a Home: pre-foreclosures & lis pendens, closure properties, foreclosure
closure properties, foreclosure, foreclosures: Chances are very good that there are at least a company or two that specializes in keeping track of those properties that are in pre-foreclosure. Sign up and you are on your way. Otherwise, go to the recorder s office of each county to see where you would...

Buying or Selling a Home: pre-foreclosures?, first time buyer, foreclosure listings
first time buyer, foreclosure listings, michael dear: Dear Michael, Until a home is foreclosed it is still owned by the party facing foreclosure. An REO means real estate owned and refers to a lender now owning a foreclosed property. In this market it is rare to come across foreclosed properties because...

Buying or Selling a Home: prefoeclosures, westchester county business journal, foreclosure proceedings
westchester county business journal, foreclosure proceedings, local business news: Hi Robert, Thank you for your question. Homeowners in the process of foreclosure are often found on lists in the local business news papers such as locally, the Westchester County Business Journal, which lists foreclosure proceedings as well as other...

Buying or Selling a Home: preforeclosure, jessica bryan, registrar of deeds
jessica bryan, registrar of deeds, county registrar of deeds: Dear Dan; You can check with the county registrar of deeds. They will have all mortgage information. It will not be exact though since you will have the original amount only. However, based upon the recording date you can then calculate how much they might...

Buying or Selling a Home: principal and interest, state mortgage, principal balance
state mortgage, principal balance, president state: Here is the simple formula. All you need are three figures. 1) Your principal balance. 2)Your interest rate. 3)Your fully amortizing monthly payment (exclusive of taxes and insurance). Then you do this: (Principal Balance x interest rate) / 12. This...

Buying or Selling a Home: principal, penalty clauses, low income families
penalty clauses, low income families, principal question: There are so many reasons for foreclosures. Most of the time there IS no profit for the owner, and not even enough money to cover the selling expenses. So many of the foreclosures we are seeing right now were bought with no money down in the past two years...

Buying or Selling a Home: privacy and public records, jessica bryan, appraisal district
jessica bryan, appraisal district, alternate name: Dear Kathleen; It would be a matter to discuss with the closing attorney. Since you have to prove that you are who you say you are when purchasing a property, you may have to legally change your name or put the property in a different name like your friend...

Buying or Selling a Home: private purchase, private purchase, company thanks
private purchase, company thanks, friends of the family: Preference of the parties involved. Sometimes people have more comfort with an attorney who looks after 1 side or the other. Normally a title company is more of an intermediary. Call 1 of each in the area you or they are in and ask why should I use you...

Buying or Selling a Home: problems with buyer's agent, dear linda, condo development
dear linda, condo development, quality representation: Dear Linda: I am sorry you had initially selected an agent who is not working for you. There are different kinds of broker/buyer agreements, and I am not privy to the one that you signed. However, they are usually bilateral agreements, meaning that she...

Buying or Selling a Home: problems with buyer not putting title in her name, hcd, local office
hcd, local office, 7 months: Hi Pam...yes, see if the state has a webpage, and look for mobile home transfers. You will need the original registration also. You may be able to go to a local office and take care of it easily...that s about all I would know to do. Any other way (escrow)...

Buying or Selling a Home: problems with buyers, debt to income ratio, advance funds
debt to income ratio, advance funds, unmarried man: Deanna, Excuse the misspelling below of there which should have been their. I can t believe that went out that way. Sorry, but I do know better. Elizabeth Hi Deanna, Sorry this purchaser backed out during the discovery period, but you might consider...

Buying or Selling a Home: problems after purchasing condo, master plumber, condo documents
master plumber, condo documents, interior walls: Hi Jessica: 1) Anytime I sell new construction (which is what this is) I usually make sure that I get a warranty. A warranty will be spelled out in your purchase and sale, and typically covers major defects for around 1 year. 2) I m guessing that the...

Buying or Selling a Home: problems w/ home after purchase, plumbing repair, punch list
plumbing repair, punch list, kitchen sinks: Dear Jessica; Thank you for your question. I am sorry that you are experiencing such a unfortunate situation. The first thing to do is to contact your real estate agent that you used in this transaction to make him/her aware of the pending problem that...

Buying or Selling a Home: proceeds form sale of house, santa barbara california, joint tenants
santa barbara california, joint tenants, escrow: You can talk to an escrow company now and ask them which is the best way to do this. It may be converting it to a tenants in common is better then joint tenants or joint tenants may work for you. Check with a local escrow company. Best of luck, Ra...

Buying or Selling a Home: I am in the process of selling..., home owners insurance, settlement date
home owners insurance, settlement date, approval letter: Helo Katie and thank you for your question. I ve been away for the weekend and am sorry for responding late to you. What I do not understand is why you accepted an offer to buy your house in the first place without having in hand an approval letter from...

Buying or Selling a Home: how many properties can i own?, doc loans, rotenberg
doc loans, rotenberg, bank accounts: I am able to lend in 35 states and have never heard of a borrower not being able to borrow 60% for an investment property while they have several other financed properties. I will be happy to assist you. Call me at 561-999-5130 x 201 Sincerely, Jay...

Buying or Selling a Home: property, closing date, best interest
closing date, best interest, sales agreement: If you accepted and initialed that clause and someone has a copy of that I think you would have difficulty voiding the contract. If you did not initial that added clause and it is part of the agreement, it would be considered that the agreement of sale was...

Buying or Selling a Home: property contract, corporate lawyer, property contract
corporate lawyer, property contract, co signer: Hi Fred, Sorry for the delay in responding. Your Contract of Sale will prevail with whatever language was printed and/or written into it. Always go back to your Contract when any questions arise. It sounds like the builder is trying to bully you...

Buying or Selling a Home: property lines, adverse possession, bad feelings
adverse possession, bad feelings, encroachment: Hi Pat, Absolutely you should address this matter. And my suggestion would be to NOT delay this matter for too long. If you were to put your home on the market anytime soon for sale and this problem had not been addressed, you would need to disclose...

Buying or Selling a Home: property purchase attempt, earnest money, first chance
earnest money, first chance, wednesday evening: Hello Don, I m sorry but a verbal acceptance is not good enough. The contract likely has language for an attorney review period. There is also likely a right of rescision period (In Illinois it is 3 days where you can legally change your mind for any reason)....

Buying or Selling a Home: property purchase attempt, don hi, counter offers
don hi, counter offers, earnest money: Hi Don, My first question to you would be, “IF” the offer your agent sent you by email Friday evening had been correct; and “IF” you had immediately sent this offer back; was your agent still in town that point to have been able to get the offer to the...

Buying or Selling a Home: AS IS property stuck in Financing Limbo, buffalo ny area, mortgage agent
buffalo ny area, mortgage agent, safety reasons: Trouble is, Alicia, you want the property more than the seller (the bank) wants to sell it. Now if you can turn the scenario around, you may get what you want. This market is not what the seller can dictate terms and conditions. Simply tell your agent (she...

Buying or Selling a Home: property suite., jessica bryan, mandana
jessica bryan, mandana, e mail: Dear Mandana; Under normal circumstances, an agreement becomes a binding contract once the acceptance is communicated either to the other party (in this case the Sellers) or to their agent. If, however, your acceptance was not communicated or if they were...

Buying or Selling a Home: property tax and deceased property buying, living trust, 37 years
living trust, 37 years, 3 ways: If you have a living trust, that means you are the new trustee. It also means the property s title has not changed. It is still in the name of the trust. However, just to make sure, you should ask this question of an attorney who specializes in family trusts....

Buying or Selling a Home: property transfer to minor, retirement living, legal guardian
retirement living, legal guardian, granddaughter: I believe a person has to be 18 for their signature to be valid. In other words you could transfer title to her but her legal guardian would probably still be in control of it. I think this varies from state to state so it would be in your best interest...

Buying or Selling a Home: property in wash dc, abr gri, perspective clients
abr gri, perspective clients, crazy market: Hello Kimberly, thank you for your question. It s always upsetting to hear when agents do not listen to their clients. I really dislike hearing that the REALTORS you have contacted have not respected your wishes and attempted to direct you to another area....

Buying or Selling a Home: public info, real estate transactions, invasion of privacy
real estate transactions, invasion of privacy, department of real estate: Dear Joe: Documents pertaining to the real estate transactions, such as grant deeds, interspousal deeds, deeds of trusts, mortgages, are recorded, usually through a county recorder. And as such, they become a matter of public record. Usually people can...

Buying or Selling a Home: purchase agreement, escrow accounts, escrow agent
escrow accounts, escrow agent, real estate contracts: Mike, Sorry for the delay!! I thought I had already answered this question; apparently I didn t hit the final send button!! Most Real Estate contracts provide for the return of the deposit if the buyer finds the inspection unsatisfactory. Check to make...

Buying or Selling a Home: purchase agreement, loan disclosure, credit report fico scores
loan disclosure, credit report fico scores, pets cats: Hi Jennifer, The closing date is the closing date. You re particular contract with the seller will determine how long the seller has to vacate the property after the closing date. It is very common for a seller to stay for a period of time after the closing....

Buying or Selling a Home: purchase agreement, association memberships, earnest money
association memberships, earnest money, purchase agreement: These forms vary by state law, so you need a Termination and Release Agreement from your state. These forms are available through certain association memberships and through some software. However, in your situation, speak to the Broker of the Real Estate...

Buying or Selling a Home: purchase agreement, earnest money deposit, luck jim
earnest money deposit, luck jim, licensed real estate: Travis--It s difficult--if not impossible--for any of us here to give you a definitive answer to your question! Why? Well, that s because you ve entered into a Purchase Agreement, a form of Contract, and we have no way of knowing all of the specific terms...

Buying or Selling a Home: purchase agreement auction, refuse collector, mr dennis
refuse collector, mr dennis, marketing ideas: Make lemonade out of that lemon. Put an ad in the papers, put up flyers, put out signs offering a garage sale. Only call it, say, One Dollar Yard Sale Buffet. This is where anybody comes and pays a dollar and picks out anything they want. When...

Buying or Selling a Home: purchase agreement items, indoor cats, cats and dogs
indoor cats, cats and dogs, private issue: Yes, Jennifer, I do understand this would be your first time buying a house. First of all, you should be working with a Realtor to help you understand your responsibilities and explain to you what the seller must do. Also, you apparently have not read your...

Buying or Selling a Home: purchase agreement, kathy mccarthy, legal obligation
kathy mccarthy, legal obligation, money funds: Kathy, A copy of the completed contact should have been back in your hands within two days (and they have the legal obligation to deposit any earnest money funds obtained on the property within 48 hours). This agent will have a Broker to answer to, so...

Buying or Selling a Home: purchase contract, foot print, purchase contract
foot print, purchase contract, features options: Hello Larry and thank you for your question. I would certainly approach the builder. Let me say this to begin, it is entirely possible that since you only signed a contract two weeks ago and will close in four more weeks, I have to presume this home was...

Buying or Selling a Home: purchase contract, registered mail, tricky question
registered mail, tricky question, purchase contract: Hi Eric, Tricky question. Typically though, if escrow is not open and the buyer has not given his deposit it isn t too tough to stop a contract from going forward. You want to make sure that you put it in writing to EVERYONE involved, your intention to...

Buying or Selling a Home: How does the purchase of an entire condo building work?, perspective buyer, condo community
perspective buyer, condo community, liklihood: Hello Peggy and thank you for your question. Yes is the short answer to your question. A perspective buyer would call for a meeting of all unit owners and present an offer. A unanimous decision would be required which, is not always easy to accomplish....

Buying or Selling a Home: purchase mobile home, mobile home ownership, san francisco state university
mobile home ownership, san francisco state university, mobile home dealers: Terry....most mobile home dealers are ONLY mobile dealers. The timeshare would not be a viable means of purchase or trade. If 14k is the value, best to sell, take the $$ and purchase in a place you like...many parks, land, space rents, and of course locations...

Buying or Selling a Home: purchase negotiations, purchase negotiations, straight forward question
purchase negotiations, straight forward question, judie: May, You should have stayed with your Realtor!! It is illegal, at least in VA and FL, to advertise a house with X number of bedrooms, unless they all have a closet and window!! Ergo, a room is not a bedroom if it doesn t have both of these things!! If the...

Buying or Selling a Home: purchase nightmare, seller disclosure, upstairs bathroom
seller disclosure, upstairs bathroom, risk policy: Not having seen the paperwork, Lori, my first impression is yes and yes. But you re going to have to work at it and/or get a real estate attorney. It is obvious that the selling agent was hiding something from you and your sister aided and abetted. Now you...

Buying or Selling a Home: purchase nightmare, upstairs bathroom, wax ring
upstairs bathroom, wax ring, furnance: Hi Lori, Thanks for the update. Hopefully, you will be able to get out of this deal by using the lender “out” if all repairs are not made by the Seller; and maybe the Seller will release your earnest money without hesitation since he did not give proper...

Buying or Selling a Home: purchase of parents home, price purchases, tax attorney
price purchases, tax attorney, mortage: You may be asking for trouble from the IRS, Kay. Why? The IRS frowns on in-family low-price purchases. Further, your basis would be as low as their s was. That would make it difficult for you when you resell the property some time in the future. You are much...

Buying or Selling a Home: just purchased 8 houses, 3bedrooms..., section 8 program, david garcia
section 8 program, david garcia, cash buyer: Joyce, If you wish to sell your homes, it takes a national average of 6-8 months to sell a home conventionally which means finding a cash buyer who qualifies for a loan. If you really want to sell fast, sell the homes with owner financing. You can...

Buying or Selling a Home: purchasing, buyer agency agreement, preferred lender
buyer agency agreement, preferred lender, massachusetts state: Hi Anjali- Thanks for your question. If you are asking about a condo or co-op then there are a lot of factors in making that decision including monthly/annual fees, type of ownership, capital assessment history, etc. We traded up from our first condo to another...

Buying or Selling a Home: purchasing, apartment condominium, time home buyers
apartment condominium, time home buyers, first time home buyers: Dear Anjali; Thank you for your concerns regarding your desire to enter the housing market at this time. Your concerns are shared by many... Although I am a Realtor in the State of California, the cost of housing is similar to Massachusetts, with the...

Buying or Selling a Home: i am purchasing a 4 family..., gross receipts, positive cash flow
gross receipts, positive cash flow, capital improvements: Lou thanks for the question. To be certain I understand, you are purchasing an investment property for 325K and paying cash. Your total annual cost of ownership for real estate taxes, insurance, and all utilities equal 15K (you did not state but can...

Buying or Selling a Home: i am purchasing a 4 family..., good afternoon, rental property
good afternoon, rental property, crs: Good afternoon Lou! If I have the information correct here, that equates to a bit above 10% annually on your investment? You must not be in California? We would be very excited about getting that kind of return here! The main question here though is:...

Buying or Selling a Home: i am purchasing a 4 family..., rental property, mortage
rental property, mortage, best choice: Hi Lou, Thank you for your question. At this time, in my market a price of 10 times the rent roll or less is a good deal. Your price is $325k and the net rent roll is $33,000. That s a good return on your money today. Should you take a mortgage?...

Buying or Selling a Home: i am purchasing a 4 family..., mortgage interest deduction, hinderance
mortgage interest deduction, hinderance, rental property: Well it sounds like a good idea to me. You are investing $325,000 and making after expenses $33,000 a year, but with incendentals I would say you might clear $21,000 this would leave a window of $1000 a month for repairs,updates, etc I think this is high...

Buying or Selling a Home: purchasing an apartment, massachusetts state, nori
massachusetts state, nori, waste of time: Hi Anjali, If you get a condo in a good location, it should go up in value. It s good to get your foot in the real estate market and now is a good time to buy, because the market is somewhat depressed. If you tell me the ZIP code or town where you want to...

Buying or Selling a Home: purchasing an apartment, crs designation, tough market
crs designation, tough market, waste of time: Hello Anjali and thank you for your question. Sorry to have to say but, I do not work in MA and have no idea what your market there is like. It would be impossible for me to answer your question regarding what is a good value now or in the future as...

Buying or Selling a Home: purchasing a bank owned house, good bargain, knowledgeable agents
good bargain, knowledgeable agents, first mortgage: Chances are it is a first mortgage, Gayatri. However, I recommend you use the real estate agent that has the web site offering the property for sale. Most all banks are using knowledgeable agents to sell those foreclosures. If you want to be assured it is...

Buying or Selling a Home: purchasing a bank owned property, bank owned property, junior liens
bank owned property, junior liens, excess money: Hey Carey, Thanks for the question. You are correct, once the property is REO bank owned , the lender/owner will list the property at market value for the as-is condition. REO homes are usually a little beat up, so they price the home accordingly....

Buying or Selling a Home: purchasing bank owned residence, bank owned property, buying a bank owned home
bank owned property, buying a bank owned home, asking price: Hi Karen, There are good and bad things with buying a foreclosure (bank owned) property. One of the good things is that they usually go for a lower price then the surrounding neighborhood homes. One of the bad things is that many people will make an offer...

Buying or Selling a Home: purchasing a brand new home, quick loan approval, reputable lender
quick loan approval, reputable lender, purchasing a new home: Kim, Thank you for writing. Yes, you can indeed negotiate a better price with new homes. Everything in Real Estate is negotiable. We can even negotiate in your behalf if you request it. Just send us the information. On another note, we work...

Buying or Selling a Home: purchasing a foreclosure or bank owned property, bank owned properties, bank owned property
bank owned properties, bank owned property, foreclosed homes: You bet there is. But you gotta work for it. Simply call every bank or lender around and ask for their foreclosure department to send you a list of properties they presently have for sale. Please remember their prices are not etched in cement. If you have...

Buying or Selling a Home: purchasing a home in NM, legal recourse, california agent
legal recourse, california agent, first right of refusal: Dear Mike; Thanks for the question... I am a California agent, but I might be able to offer some suggestions on what to do. It sound as if you are represented by a Realtor and that is good. I would first ask your agent what your options are... Usually...

Buying or Selling a Home: purchasing a home from seller, todd thornton, local custom
todd thornton, local custom, title company: Colleen, Sorry for the delay in my response. Who pays for everything is a matter of negotiation so you can ask that the seller pay for everything. Typically though, the buyer would pay for inspections and anything else required by your bank/title company....

Buying or Selling a Home: purchasing a home, fha loans, todd thornton
fha loans, todd thornton, fha loan: Chad, There are no absolutes in banking so you ll have to check with a local lender about what programs they can offer you. As a general rule, the lowest of the two credit scores would be used. If the 631 is a current score, you d probably be looking at...

Buying or Selling a Home: purchasing a house with good friends, quadplex, horror stories
quadplex, horror stories, bad idea: Dear Luis, If this is the only choice you have it could turn out alright. I have heard too many horror stories where it doesn t. If you do go ahead and create a partnership you need to have agreements covering everything. What if one person wants to...

Buying or Selling a Home: purchasing a MH on 3 acres in central Fl, local health department, septic company
local health department, septic company, tank inspection: Carmen, I recommend you find a home inspector who inspects mobile homes (not all do) for a full home inspection. You will, of course, want a septic company (not the home inspector company) come out and do a proper septic tank inspection, which includes...

Buying or Selling a Home: mortgage, true answer, mortgage loan
true answer, mortgage loan, maneuver: Tell the bank to make it $129,000. That way, your father is permitted, according to IRS this year, to give you $12,000 tax free. If the bank is willing to do that, then you got it all set. Perfectly legal, Joy. Just try to do that IRS maneuver I suggested....

Buying or Selling a Home: Question, free trial period, todd thornton
free trial period, todd thornton, master commissioner: Sammie, Taxes are specific to the county the property is in so you d have to talk to the entity that collects taxes in your area for a list of those who owes back taxes. (could be the Sherriff s office) You can also contact the entity that sells foreclosed...

Buying or Selling a Home: Question, lis pendens, statutory period
lis pendens, statutory period, wondering what type: Sammi, To check which properties are delinquent in tax payments, go to the taxing agency (aka County Treasurer s office) for EACH county (or “parish” in some states) for the area you are interested in purchasing property. Each different county will...

Buying or Selling a Home: Question, search property records, daily newspapers
search property records, daily newspapers, legal publications: I think someone has been pulling your chain, Sammie. But let me answer the questions which are answerable. 1. The only way you re going to find out which houses are behind in property taxes is to keep your eye on the legal publications in daily newspapers....

Buying or Selling a Home: Question, state government office, google search
state government office, google search, wondering what type: Hello Sammi; There are many websites that deal with foreclosed homes. Just do a Google search for foreclosures and you will find a plethora of information. However, to get information on homes that are behind in taxes you will need to spend some time calling...

Buying or Selling a Home: Question, successor trustee, south caroline
successor trustee, south caroline, living trust: Not unless you give him your interest in the property in your will. If you form a living trust with your husband, you and he would be co-trustees. Your son could be a successor trustee upon your death. And he need not worry about excess amount of tax capital...

Buying or Selling a Home: Question on buying a house, diana nguyen, zip realty
diana nguyen, zip realty, purchasing a new home: Diana, I don t understand what happened, but I did not receive any message that your email had not been delivered. I have, however, just forwarded my message with attachments to both the email addresses you sent me. The ellemoda address I just sent...

Buying or Selling a Home: Question concerning my purchase!!!! IMPORTANT!!!, mortgage pre approval, time home buyer
mortgage pre approval, time home buyer, first time home buyer: Hmmm, Right off the bat, as far as the actual showing of the house, if you found the listing on your own, through advertising the agent did, you are still able to work with any agent you like. The agent may say that if he showed you the property, he may...

Buying or Selling a Home: Question about deed, this mortal coil, revocable living trust
this mortal coil, revocable living trust, several different ways: Family or no family, any partnership should be put down in writing. There is an old saying in real estate, If it is not in writing, it was never said. Before you put the money down, you should have indicated how much interest you have in the property....

Buying or Selling a Home: Question about preforeclosure house, escrow period, ducks in a row
escrow period, ducks in a row, defaulted loans: I think preforeclosures are good everywhere if you do your homework ahead of time. That means know the neighborhood, what houses like the one you are considering would go for in excellent condition, how long they are on the market (i.e. 30 days, 45 days,...

Buying or Selling a Home: Question on selling inherited property, capital gains tax, expert tax
capital gains tax, expert tax, tax expert: If you live in it as your primary residence for two more years, you would then be eligible to exclude any capital gains tax for up to $250,000 ($500,000 for a married couple who file their taxes jointly). So, if you make it 22 years, you ll have no taxes...

Buying or Selling a Home: Question about Timelines for home buying, wasting precious time, time home buyer
wasting precious time, time home buyer, first time home buyer: Michelle, Charlotte is a very expensive area and becoming more so every day. It is too early to look for something now but I would start searching the Internet at Realtor.com and looking at areas to begin to narrow your search. People who put their homes...

Buying or Selling a Home: Question, subprime loan, mortgage broker
subprime loan, mortgage broker, mortgage loan: a Subprime loan, if you go to a mortgage broker and ask them for a non-conforming or subprime loan . You should be able to obtain a mortgage loan for investment properties, there are 100% loans and there are also loans for homes that need work in order for...

Buying or Selling a Home: Quick Claim Deeds, quick claim deeds, golden gate bridge
quick claim deeds, golden gate bridge, quick claim deed: Before we go any further, Mike, the document to which you refer is called Quit Claim Deed. You are not alone. Many people confuse Quit for Quick. I would suggest you not use it. Since your wife is on title with her mother at present, it would be lots...

Buying or Selling a Home: Quick Deeds, warranty deed, quick deed
warranty deed, quick deed, betty jones: No, Mary. You execute a Warranty Deed (assuming you are not in a state that uses a Grant Deed like California and a few others). Take a look at your existing Warranty Deed. It says something like, Jim & Betty Jones convey to Mary Fields, or whatever...

Buying or Selling a Home: Quick Question, national association of mortgage brokers, loan number
national association of mortgage brokers, loan number, broker company: You need to contact your previous lender and see if they have received any funds, you need to contact your states Department of commerce, you need to contact the local BBB and that States Attorney General, and the title company or attorney you closed with....

Buying or Selling a Home: Quick Question, state mortgage, loan number
state mortgage, loan number, new mortgage: It sounds like you did a cash out refinance. The company that handled the closing, the title company, is the one that is supposed to handle paying off your current mortgage and the closing costs with the funds from the new mortgage and disbursing the balance...

Buying or Selling a Home: Quick Question, loan number, broker company
loan number, broker company, loan documents: Skyler: Not knowing what state you live in makes it more difficult to answer the question, however, I am only familar with California, so all I can do is answer if the loan took place here in California. Generally, if you are doing a refinance, an escrow...

Buying or Selling a Home: Quick Question, advocate organization, better business bureau
advocate organization, better business bureau, state attorney general: Dear Skyler: Bring copies of anything you signed (contracts, agreements, etc.) to an attorney for review. If determine that you have been victimized, you should contact your state attorney general, your local consumer advocate organization, and your local...

Buying or Selling a Home: Quiet title, quiet title, virtual agent
quiet title, virtual agent, easement: Quiet Title... In my understanding it is when there are some outstanding issues on the title that you claim an interest in. You can not get them removed and so you can take a quiet title action by running ads and posting a public notice to remove the...

Buying or Selling a Home: Quit Claim Deed, court house steps, mortgage holder
court house steps, mortgage holder, claim deed: You need to speak to a Real Estate Attorney to determine a legal course of action. A quit claim deed is one where the current owner quits all claim to the property. However, the mortgage holder still has a claim to the property and thus, the quitclaim...

Buying or Selling a Home: Quit Claim Deed, trucking company, rightaway
trucking company, rightaway, foot piece: If you want it done right, the Quiet Title is the way to go. Otherwise, you will have problems later on, especially if you ever want to sell your property. You could go to a title company and ask them how you could clear the the fraudulent document from you...

Buying or Selling a Home: Quit Claim Deed for title transfer?, rn bsn, claim deeds
rn bsn, claim deeds, claim deed: Hello Audra, Although I have had plenty of experience with quit claim deeds, I will have to refer you to our attorneys on the site. This is really a question for their field of expertise. When you ask the attorney, mention if there is a mortgage on the...

Buying or Selling a Home: Quit Claim Deed, warranty deed, grant deed
warranty deed, grant deed, claim deed: There are two ways (actually three) to handle this, Misty. I prefer the third one. Never use the Quit Claim when a Warranty Deed (or Grant Deed, depending on your state) will do better. When you bought the property you were given one of them. Simply convey...

Buying or Selling a Home: Quit Claim Deeds, knowledgeable realtor, claim deeds
knowledgeable realtor, claim deeds, claim deed: Based on your question and how you phrased it, Terry, I strongly suggest you have a REAL ESTATE attorney handle it for you. If you know a very knowledgeable Realtor, that person should be able to do it for you, too. When you transfer title to property to...

Buying or Selling a Home: Quit Claim Tax Implications, claim deed, tax implications
claim deed, tax implications, tax gain: Your husband will have a tax liability, Siobhan, if he has a profit. He will have a capital tax gain (if it is one) on his interest in the property. If there is a loss, there is a different story. I strongly recommend you talk with a tax consultant to make...

Buying or Selling a Home: Quit claim Deed, south west florida, claim deed
south west florida, claim deed, fornos: Hi Nicki, Thank you for your question, I m not licensed to practice law so I recomend that you see a Real Estate attorney or a Tittle company, they can help you figure out the best way. Ricardo (Rick)Fornos (954)457-7878 rick@ricardofornos.com www.reeltor.co...

Buying or Selling a Home: Quit claim deed, tax implication, terminal cancer
tax implication, terminal cancer, claim deed: Based on what you have said, Sandy, it appears you are indeed protected by that $250,000 exclusion. However, I strongly suggest you consult with a legitimate tax expert to make sure you have not forgotten anything. It will eliminate that stress I detect in...

Buying or Selling a Home: Quit claim deed and ex-spouse forclosure, traverse city michigan, divorce proceedings
traverse city michigan, divorce proceedings, real estate broker: Your question is great and possesses an implied urgency! First, I ve got to make it clear that I am not an attorney. I m a licensed, real estate broker and Realtor in Traverse City, Michigan who specializes in the listing and sale of residential and waterfront...

Buying or Selling a Home: Quit claim deed, title insurance company, county court house
title insurance company, county court house, claim deed: You should record the quit claim deed at the county court house or recorder. Each state and county have different yet similar ways of making property ownership public (recording). You may do this at any time you choose, however, I recommend you do it as soon...

Buying or Selling a Home: Quit claim deeds, ron dick, tax adviser
ron dick, tax adviser, warranty deed: A warranty deed is always cleaner, Ron, and more defined rather than a quit-claim. However, in the process of doing so, you should consider the tax consequences—for both you AND your dad. Therefore, I strongly suggest you consult with your tax adviser. ...

Buying or Selling a Home: Quit claim during divorce, debt to income ratio, home improvements
debt to income ratio, home improvements, california 2: Dear Mr. Robert: I know of a divorce between a lawyer and a wife. He was making a lot of money and had a lot of assets that he tried to hide from her. It was a divorce that lasted for several years because she knew he hid some money and she kept on trying...

Buying or Selling a Home: QuitClaim Deed, best guess, hi ed
best guess, hi ed, time ed: Hi Ed, If your ex quit claims you the home, she no longer has ownership of the property. The mortgage and title are two very separate things and can be mutually exclusive of one another. In your particular situation I would suggest you consult local legal...

Buying or Selling a Home: QuitClaim Deed, capital gains taxes, capital gains tax
capital gains taxes, capital gains tax, new investor: First let me apologize for not answering sooner. I ve been out of the office with the flu the last several days and forgot to address this with the site. I don t have enough expertise in the area that you inquired about to give you specific answers but...

Buying or Selling a Home: Quitclaim Deed, michigan unemployment, question pool
michigan unemployment, question pool, quitclaim deeds: Hello, I found your question in the question pool and may be able to help you. Why to you want to quitclaim ??? Ok, first, I am sorry to hear about the job lost. If you find a job in NC, can you get a transfer to buy your house? Why not sell the...

Buying or Selling a Home: Quitclaim Deeds, mortgage obligation, friend signs
mortgage obligation, friend signs, mortgage holder: If the property is a rental, HE SHOULD KEEP IT! However, if he is just one of those guys who would rather not be a landlord, then he should sell it, informing the buyer the legal problem to which the property is subject. I guess I just misunderstood your...

Buying or Selling a Home: Quitclaim deed ?????, warranty deed, claim deed
warranty deed, claim deed, aol: You are not exactly clear with your mother s situation, Jake, but I am going to assume that your mother got a mortgage from the bank and your brother was supposed to pay her back monthly. Yes, she can quit-claim deed, or warranty deed the property to anyone...

Buying or Selling a Home: Quitclaim issue, title co, basic questions
title co, basic questions, mother in law: Wrote you a long answer, but it got deleted when I spell checked....basically, check your states webpage....real property, or leased land titling will be different. Easiest is to try to befriend an escrow or title co. person....ask a few basic questions to...

Buying or Selling a Home: Quitclaim issue, mother in law, niece
mother in law, niece, 11 years: The subject of your question is Quitclaim issue, yet there is no mention about quitclaim anywhere in your question. So, your question is very unclear. I have no idea who you are talking about. If an attorney could not solve your problem, then you should be...

Buying or Selling a Home: Quitclaim issue, mother in law, niece
mother in law, niece, 11 years: Hi Jun A Real Estate Attorney is really the best resource. I find it odd that the other lawyer couldn t help, but maybe that person wasn t a Real Estate specialist. I m not an attorney, but I m wondering if they ever had an official agreement about the...

Buying or Selling a Home: Quitclaim issue, claim deed, co signer
claim deed, co signer, mother in law: Dear Jun: A co-signer, as you now know,is not a wise thing to do without some sort of legal document spelling out all of the details including how to get name removed if the other party does not agree. You cannot force this issue; why ask me when you already...

Buying or Selling a Home: Quitclaim question, mother in law, trust deed
mother in law, trust deed, niece: Dear Jun, Before I can answer this question I need a few clarifications. From what I understand your mother-in law s niece lent her $20,000 for the purchase of a home. 1. Was this loan recorded? 2. Is it a trust deed against the property? 3. Because...

Buying or Selling a Home: can i qualify for a mortgage?, budget car sales, san diego county california
budget car sales, san diego county california, auto payments: I am sure it is the furthest thing from your mind, but one thing you should do AT THE TIME YOU BUY ANY PROPERTY, is to create a WRITTEN agreement that stipulates how one party is going to buy out the other, under what terms, etc. Why? Because I have seen...

Buying or Selling a Home: question, apartment building, question question
apartment building, question question, small hotel: A tenancy in common property means you are not buying the entire property, but are only a part owner with others that are strangers to you. In a residential property it would be very similar to a fractional or timeshare. You would definitely want an attorney...

Buying or Selling a Home: question, city planning department, jessica bryan
city planning department, jessica bryan, city of san francisco: This means that ownership of this property is with owners who may not be married or even related. Each owner has a portion of an undivided interest in the property. For example, if you and a friend decided to invest in the property 50/50 each of you would...

Buying or Selling a Home: question about buying a forclosed home..., certified thermographer, buying a forclosed home
certified thermographer, buying a forclosed home, plumbing leaks: You are very wise to get the water turned on so you can have a full home inspection done. Do not close on the sale of the property until this is done, or you may discover some unpleasant surprises later. I do not know what your contract says or what state...

Buying or Selling a Home: question on real estate, new business ventures, information portals
new business ventures, information portals, improvement website: Damion, I would very much be interested. I am in the midst of getting off the ground on a couple of new business ventures. I am swamped today and most of the weekend but I will call you and discuss the details. Thanks for the invitation. Craig Siphers...

Buying or Selling a Home: question on real estate, basement waterproofing, information portals
basement waterproofing, information portals, kitchen cabinets: dude, i have better ideas for you, and I will still write the materials; do one of each of these; go to noteworld and then, create something like paperprofits . and another one --copy realtor.com make this new one Realty.com and I will advise...

Buying or Selling a Home: question on real estate, seperate website, information portals
seperate website, information portals, search engine marketing: I have a couple of one page articles I d be willing to send if you would include my contact info on the site. Let me know if this is acceptable and where to send them. I don t think I d be interested in the chatroom due to time restraints. My contact...

Buying or Selling a Home: question on real estate, information portals, improvement website
information portals, improvement website, informative articles: That s exactly what I do here in my neck of the woods—hard copies, though. I write, edit and publish a monthly real estate advisory called, THE LANDED GENTRY. I just don t have the time to create a website to hold what I write about. Just maybe we might...

Buying or Selling a Home: question on real estate, information portals, improvement website
information portals, improvement website, minneapolis mn: Damion, Thank you for your inquiry. Actually over the years I have written or contributed to a number of real estate buying and selling articles. Let me know the topics you are thinking of and how long the articles should be. Best way to reach me...

Buying or Selling a Home: question on real estate, troop real estate inc, information portals
troop real estate inc, information portals, troop real estate: Damion, Thank you you inquiry! I will check with the company to see if they are interested? Personally, my schedule does not permit me the time to write such articles, as much as I d love to! I will get back to you soon! Pliny Mier, CRS Troop Real Estate,...

Buying or Selling a Home: question on real estate, information portals, improvement website
information portals, improvement website, informative articles: Hi Damion, I d be interested in talking with you about writing articles for your websites in exchange for advertising for my company. Send me some of your websites so I can have an idea of the type information you offer. Thanks, Elizabeth Narr...

Buying or Selling a Home: question on real estate, information portals, improvement website
information portals, improvement website, foley: Dear Damion: I would be happy to give this some serious thought, but I need a lot more information. Name of your idea/network/website, how often it would be accessed, how some one would contact me, what market you are targeting, my job as per your concept,...

Buying or Selling a Home: question on real estate, information portals, first time buyers
information portals, first time buyers, improvement website: Hi Damion; The book uses the format I use on Allexperts. There are questions and answers as I received them from the many years on Allexperts.com. The title is The Most Often Asked Questions in Real Estate The answers are a short format and easily read....

Buying or Selling a Home: question on real estate, baird warner, information portals
baird warner, information portals, improvement website: Hello Damion, Sorry but I will not be able to spend the time to actively enter Real Estate articles for your site. I am exited for you that you have such a large number of unique hits on your site. But I really have my hands full with my own business and...

Buying or Selling a Home: question on real estate, todd thornton, information portals
todd thornton, information portals, improvement website: Damion, Sorry for the delay in my response. I m in the process of revamping my own business and website. At this point I don t have time to devote to writing articles. If you still need articles in a few months, feel free to contact me again and we can...

Buying or Selling a Home: question on real estate, crs gri, john holloway
crs gri, john holloway, information portals: Hi Damion, Let me answer like this: I would be interested in talking with you to discuss it a little more in depth. If you would like to call me - You can reach me toll-free at 1-888-624-8887. Thanks for thinking of me. John Holloway, CRS, GRI, ABR ...

Buying or Selling a Home: question, money down, mortgage lender
money down, mortgage lender, credit scores: There are definitely a number of different no money down loans in today s marketplace. Your lender normally looks at three criteria when deciding to loan you money: credit scores, income and down payment. If you are not putting any money down, the lender will...

Buying or Selling a Home: questions, ways of saving money, writing a contract
ways of saving money, writing a contract, dear ron: Dear Ron; Buying real estate is probably the biggest purchase in your life. I am sure that you will agree that you should take full advantage of the information and professional services available to you. Since in most states there are now Buyers Agents...

Buying or Selling a Home: quick claim deeds, quick claim deeds, claim deed
quick claim deeds, claim deed, sister in law: Unless your sister-in-law applies for and gets a new loan, Sonja, the loan will forever be your responsibility. If you give her a QUIT-CLAIM deed, it will only be half the job. You will still be responsible for the loan. I do wish you well. Dick Dennis...

Buying or Selling a Home: quick claim vs quit claim deeds, claim deeds, legal address
claim deeds, legal address, daughter lives: Simply have your son sign (and have notarized) a quit-claim deed to your daughter. You will need to make sure the legal description of the property is on the document besides the legal address. Make sure your daughter has the document recorded in the county...

Buying or Selling a Home: quick claim, quick claim deed, alcohol issues
quick claim deed, alcohol issues, divorce court: To answer the first part of the question, you will need to talk to your attorney or real estate attorney. As for the deed of trust, go to: www.YorkPAhome.com click on: Favorite Links go to: Deed of trust You will find two links about deed of trust....

Buying or Selling a Home: quick deed, quick deed, types of deeds
quick deed, types of deeds, warranty deed: The easiest way to deed over a house is through a Quit Claim deed, where your father would give any claim (if any) on the property to you. A safer way to do it is through a warranty deed, where he makes certain guarantees about the title. There are other...

Buying or Selling a Home: quick home sales, todd thornton, firesale
todd thornton, firesale, existing home: Gina, Most of the firms/buyers are groups of professional insvestors so you could generally expect offers of 75%-85% of the true value of your home. You could try to get an extension on when you have to close. I m assuming by your question that you...

Buying or Selling a Home: quit claim deed, true owner, claim deed
true owner, claim deed, principal residence: Very simple Angela. Go to the assessor with ALL your paperwork to show that YOU are the true owner of the property and bring you cancelled checks to prove that YOU are the one who has been paying everything. That should take care of it. If not, I recommend...

Buying or Selling a Home: quit claim deed?, divorce attorney, wifes name
divorce attorney, wifes name, divorce law: Hi Thank you for your question... As I am not an expert in divorce law, I highly recommend consulting with your divorce attorney regarding this matter. With regards to your question, the Quit Claim deed is a publicly recorded document stating that the...

Buying or Selling a Home: quit claim deed help , quick, jessica bryan, claim deed
jessica bryan, claim deed, vijayan: Dear Vijayan; I am sorry about the divorce. As for taking over the house and getting your wife to sign over her right to it in a quit claim...you will need to check with the lender since even if the home changes title she is responsible for the mortgage...

Buying or Selling a Home: quit claim deed ..phila., pa., golden gate bridge, s sears
golden gate bridge, s sears, empire state building: Dee, fee simple means absolute title to a property. To change your quit-claim deed, you would change it to a warranty deed by signing the deed to yourself. But when you get the loan, the lender will see that you DO have title to the property. I am not aware...

Buying or Selling a Home: quit claim deed, digging up trouble, quitclaim deed
digging up trouble, quitclaim deed, claim deed: This is no time to worry about cost, if you want that house in your name. Go to a REAL ESTATE attorney and make sure the house is conveyed to you properly without digging up trouble with the state. I do wish you well, Ann Dick Dennis dixiedee13@aol.co...

Buying or Selling a Home: quit claim deeds, jessica bryan, appraisor
jessica bryan, appraisor, claim deeds: Yes...you can take comparables that sold at that time and use that value. Again, since there may be some legal claims on the value, this should not be an arbitrary decision and a professional should be consulted to evaluate the home s worth 3 years ago. You...

Buying or Selling a Home: quit claim mistake, jim dick, tax expert
jim dick, tax expert, principal residence: Yes, Jim, I have had this problem posed to me many times when people tried to skip going to a tax expert or tax attorney just to save a few dollars. Now you have a REAL problem. By quit-claiming the property back to her, what you ll be doing is giving...

Buying or Selling a Home: quit claim mistake, claim deed, legal description
claim deed, legal description, title insurance: If you actually paid for title insurance, YES, the title company should take care of this. And don t let them sluff this off or procrastinate. If you did not pay for title insurance you will have to hire an attorney to approach a judge to take care of the...

Buying or Selling a Home: quit claim, claim deed, mortgage payment
claim deed, mortgage payment, county recorder: When that quit-claim deed is registered in the county recorder, that s it. The new owner with his name on title via the quit-claim. As for the loan, that s something else. You better hope that he does continue to make the payments on your loan or YOU will...

Buying or Selling a Home: quit/quick claim refinance, grant deed in california, quick deed
grant deed in california, quick deed, bad debts: I have been known to be very creative with my real estate ideas, Margaret, but this one is a lulu. She wants to steal your condo from you. She is taking advantage of the fact that you have bad credit and a bunch of debts and that you are anxious to get...

Buying or Selling a Home: quit, legal consequences, deed transfer
legal consequences, deed transfer, claim deeds: Again, I would recommend you see a real estate attorney to make sure you are not violating a county or state law. After all, he/she might give you an idea or two that you might want to pursue. Exchanging quit-claim deeds seems harmless enough, but you really...

Buying or Selling a Home: quitclaim deed, jessica bryan, dear ann
jessica bryan, dear ann, wills: Dear Ann; Ordinarily I would just click on the response that this is a question I cannot answer. However, I think that you need to be given some direction here. This is a legal issue and involves wills and title which is something an attorney that specializes...

Buying or Selling a Home: R.E. in California, first time buyer, foreclosure listings
first time buyer, foreclosure listings, california broker: Since I have been a California broker for 33 years, Michael, perhaps I can help you. Yes, I have been involved in foreclosures (both sides of the table), trust deeds, etc. and all kinds of others, too. In the meantime, let me answer your questions as you...

Buying or Selling a Home: R22? R30?, zoning ordinance, easements
zoning ordinance, easements, uniform standards: Unfortunately there are no uniform standards for zoning. R22 in one area may be different than R22 in another. You need to go to your municipal building and ask to examine the zoning ordinance or ask for the Municipal Master Plan. This will explain the...

Buying or Selling a Home: Raising Value, value of my home, definite advantage
value of my home, definite advantage, garages: Hi Jennifer, If you are in a sellers market, anything that would allow the house to match or exceed the competition would be beneficial to you. What do the other houses in your neighborhood have? Do most have garages? Then you should have a garage. ...

Buying or Selling a Home: RE: Bankruptcy, current mortgage, legal question
current mortgage, legal question, filing for bankruptcy: Justin, Hi I am no expert on bankruptcy. I think your question would be better directed to an attorney since yours appears to be a legal question. Sorry I couldn’t help you, but I do not know the answers to questions you posed. You might be able to...

Buying or Selling a Home: RE contracts, small claims court, preferred lender
small claims court, preferred lender, licensing division: Contractually he may win the argument. You win the moral arguement. Sorry about the loss of your Mom. Were you represenetd in this deal by a site agent or Realtor?? They have an obligation to help you if they can. The issue of treating one lender differently...

Buying or Selling a Home: RE:Escrow/ exclusive right to sell, real estate documents, financial obligation
real estate documents, financial obligation, legal troubles: Hello Peter, thank you for your question. Under the terms of your listing agreement, you should know that even if you find a buyer on your own, that firm you hired is due a commission on the sale. Fair or not, you understood the rules when you signed up...

Buying or Selling a Home: getting a RE license, jessica bryan, jim dear
jessica bryan, jim dear, ups and downs: Dear Jim; To answer your first question: The hardest part about starting out in real estate is sustaining yourself while setting up your business. So much depends upon where you work. In a busy market (usually the spring) you can find clients right away,...

Buying or Selling a Home: RE Taxes, tax implication, capital gain tax
tax implication, capital gain tax, profitable deal: Hi Richard, When and how you can sell pre-construction depends on the developers documents and how you took title, regarding your taxes you need to talk to your accountant, I will tell you that capital gain tax is now as low as it ever has been at 15%....

Buying or Selling a Home: RE taxes, tax implication, new home builder
tax implication, new home builder, profitable deal: Richard: I cannot give you advice on the taxes, you would need to talk to a tax expert. As far as when you can sell, you would need to look at the contract you signed with the new home builder. Some builders put stipulations in the contract that do...

Buying or Selling a Home: RE & taxes, tax implication, jessica bryan
tax implication, jessica bryan, profitable deal: Dear Richard; You are extremely fortunate to have locked in the price of the home a year ago. While you cannot sell a home that you do not yet own--and will not own until the home is built and transferred to your name, you can certainly arrange to sell the...

Buying or Selling a Home: REAL ESTATE AUCTION, foreclosure auction, real estate auction
foreclosure auction, real estate auction, auction company: At an auction, usually you are not allowed to see the home until you have purchased it. This means you should be careful that you receive no surprises. You will also need at least 5% of sales price in cash & the balance paid later usually within 30 days....

Buying or Selling a Home: REAL ESTATE AS AN INVESTMENT AND THE EFFECT OF INTEREST ON PROFIT, fixed rate loan, staggering price
fixed rate loan, staggering price, half a million: Tim, Real estate has never been a guaranteed investment. In the past, homes on average have gone up in value around 3% per year. That doesn t mean the home will increase in value every year, but it s just an historical average. Part of your payment will...

Buying or Selling a Home: REAL ESTATE AS INVESTMENT AND EFFECT OF INTEREST, staggering price, half a million
staggering price, half a million, cant beleive: Yes you do pay a great deal of interest on a mortgage. But mortgage interest is the only deduction for interest paid that uncle sam still allows us to take, so you will find that you will pay less taxes or get a larger return or pay less ( depending on what...

Buying or Selling a Home: REALTOR COMMISSION, realtor commission, time home buyers
realtor commission, time home buyers, first time home buyers: Yes this is a common practice with Buyer Representation. The Agent that is representing you would in most cases be paid by the Sellers Brokerage. If your Agent is expecting a 3% commission and the commission on the house you intend to purchase is only offering...

Buying or Selling a Home: RECISION OF A HOME, dear angie, water leaks
dear angie, water leaks, jessica bryan: Dear Angie; Once you close on a home the home and all of its problems are yours. that is why a home should be inspected (with the utilities turned on) before the closing. The only recourse you have now is to fix these items and try to recover the costs...

Buying or Selling a Home: RENT TO OWN, land contract terms, warranty deed
land contract terms, warranty deed, contract forms: Jim, All you need is to buy land contract forms. Now the hard part is finding the buyers. You must advertise for them on the papers. Once you find a buyer, fill out the form with buyers information along with the legal description found on your warranty...

Buying or Selling a Home: RENTING VS. SELLING MY HOME, knowledgeable realtor, home in louisiana
knowledgeable realtor, home in louisiana, tax expert: My guess is that if you can t afford the monthly payments, you may not be able to get the rent to cover the monthly payments, either. Unless . . . you are willing to make the balance of the payments that the tenant s rent doesn t cover. I would recommend...

Buying or Selling a Home: REO Property(Buying and Selling), reo properties, creative real estate
reo properties, creative real estate, money down: Matthew, You cannot buy REO s with no money down as these are homes that belong to banks after foreclosed. What you can do however, is find homes by driving around that need rehabbing. You can speak to owner & make an offer on their home. Once you have...

Buying or Selling a Home: REPOST: CA real state, 3 sisters, tax consequences
3 sisters, tax consequences, mortgate: Dear Virginia, Option 1- the banks have no say what your parents sell their house for. You really need to talk to an accountant to determine which option is the best for you and your parents. Any of the options could work but an accountant can tell...

Buying or Selling a Home: Re: Mortgage, jessica bryan, deferred payments
jessica bryan, deferred payments, lending institution: When obtaining a loan from a lending institution you will be required to make monthly payments on the loan that usually include principal and interest but can be interest only if you choose that type of program. I have never heard of deferred payments. Banks...

Buying or Selling a Home: Re: Mortgage, state mortgage, money in my pocket
state mortgage, money in my pocket, doc loan: You can certainly own a home worth $500K with no money down. You have to have good credit and a source of income. If you have no income whatsoever it will be very difficult to obtain a mortgage for 100% of the purchase price. The best we could offer on...

Buying or Selling a Home: Real Estate, what is a real estate broker, brokerage sales
what is a real estate broker, brokerage sales, real estate transactions: Hi Nikki, Thanks for you 3 questions. A broker associate is a licensed real estate broker who has decided to associate their license with a real estate brokerage sales office. A real estate broker is licensed to practice individually or as an associate...

Buying or Selling a Home: Real Estate, real estate broker, brokerage services
real estate broker, brokerage services, state mortgage: The seller of a home will typically pay 6% fees in total for the brokerage services of selling their home. The agency you list your home with will split that 6% with another agency that brings a buyer to your home. The only other fee you should expect...

Buying or Selling a Home: Real Estate, real estate broker, s real estate
real estate broker, s real estate, broker fee: Dear Stewart: I can help you out only partially. Most areas in the country charge a commission fee; each area has a customary, usual fee. If your property is hard to sell, then you might consider opting for the higher end of the going range of commission...

Buying or Selling a Home: Real Estate, forsalebyowner com real estate, google search
forsalebyowner com real estate, google search, jessica bryan: Hello; I am finally back online! My computer crashed and I have a huge amount of email to answer. However, if you would still like an answer to your question I will be happy to answer within a few days…trying to get to the earliest ones first. Please understand...

Buying or Selling a Home: Real Estate, dear mary, legal basis
dear mary, legal basis, international web: Dear Mary: Sometimes a listing agent has customers for homes that he/she has listed, and sometimes no customers for that particular home at a particular point in time. The agent also depends on other agents who have their own clients. If no other agent called...

Buying or Selling a Home: Real Estate, foreclosure market, california lenders
foreclosure market, california lenders, acceptable job: Dear Mrs. Tammy: It is definitely NOT a good idea to get a home loan if your husband does not have a job in California. Lenders want to see that your husband is employed. Therefore, both of you should apply for a home loan in California while he is still...

Buying or Selling a Home: Real Estate Agent Info, becoming a real estate agent, being your own boss
becoming a real estate agent, being your own boss, learning curve: Dear Steve, If you decide to get licensed and you want to be successful prepare to work harder than you have ever worked before. There is no regular daily routine. Somedays you have broker caravans (seeing all the new listings) usually an office meeting...

Buying or Selling a Home: Real Estate Agent Info, becoming a real estate agent, real esate
becoming a real estate agent, real esate, daily basis: Hi Steve, I have benen in This business for over 25 years and I will tell you that I love it and it has been very financially rewarding. On a daily basis you need to prospect especially when you are first starting out. That is persue any one...

Buying or Selling a Home: Real Estate Agent Loyalty, time home buyer, first time home buyer
time home buyer, first time home buyer, luck john: Kevin: Not knowing what state you are located in, I will answer the question based on what would be right, here in California. First, we do not use real estate attorney here, 90% of buyers and sellers use a real estate agent, the other 10% sell or buy...

Buying or Selling a Home: Real Estate Agent Loyalty, buyer agency agreement, time home buyer
buyer agency agreement, time home buyer, first time home buyer: Hello Kevin and thank you for your question. You have two questions, one; the need for representaion at closing and two; buyer agency. With respect to your friend working with a REALTOR. IF your friend has not entered into a written agreement - RIGHT...

Buying or Selling a Home: Real Estate Agent Loyalty, real estate transactions, time home buyer
real estate transactions, time home buyer, transaction agent: Kevin, Good thing she has you to look out for her!! RE the attorney, she would be foolish to deal with an out of state lawyer unless he/she is a member of her state s bar, has lived in the area and knows all the ins and outs of what can go wrong with...

Buying or Selling a Home: Real Estate Agent, buyer agreement, knowledge skill
buyer agreement, knowledge skill, family friend: Hmm... For starters...hopefully you did not sign a buyer agreement which would compel you to pay a commission no matter how you located the home...with or without your agent...for-sale-by-owner or not. Aside from that, there is no usual and customary...

Buying or Selling a Home: Real Estate business, hundred things, class environment
hundred things, class environment, volunteer work: I ll be going t6 the Chamber this morning for the breakfast This afternoon I have to get the Radon Don t wait dinner, I have a CMA I ll be right with you after I fax this I m meeting with A divorcee I have a showing this evening. I really have...

Buying or Selling a Home: Real Estate buying and selling, legal toes, new mortgage
legal toes, new mortgage, maintenance department: You are virtually guaranteed. Merely approach the supervisor of the mortgage maintenance department of the bank who collects your payments and tell them what you are trying to do. Expect them to protect their interests. And you should have someone to protect...

Buying or Selling a Home: Real Estate Contract, real estate contract, letter in the mail
real estate contract, letter in the mail, contractual obligation: R: I cannot give legal advice, you would need to have your contract reviewed by an attorney. However, if the contract says you may cancel at anytime with written notice then I would suggest you put your request in writing. If the contract does say you...

Buying or Selling a Home: Real Estate Contract, real estate contract, letter in the mail
real estate contract, letter in the mail, unconditional withdrawal: You are absolutely within your rights to withdraw your listing at any time from the market. You do NOT have to sell your home. You do have a contract with this broker - if you sell the home during the six months of the listing contract to anyone, then the...

Buying or Selling a Home: Real Estate Contract, real estate contract, letter in the mail
real estate contract, letter in the mail, jessica bryan: No one can force you to sell your home. However, the Broker can refuse to release you from the contract and if that is the case, you can simply refuse to show the home when someone calls. If you have questions about your rights and responsibilities based...

Buying or Selling a Home: Real Estate Contract, real estate contract, letter in the mail
real estate contract, letter in the mail, return receipt: I do not have a copy of your contract, but if it does state in writing that you can cancel via written notice (is there a time period?) then you can give written notice and ask for a meeting with his broker to present you contract for cancelation along with...

Buying or Selling a Home: Real Estate contract w/broker, real estate contract, jessica bryan
real estate contract, jessica bryan, qualification letter: Dear Charlene; First, let s be clear as to what the term sold represents. A home is not actually sold until it closes. However, I assume you are referring to the fact that the home was under contract which both parties signed. I am puzzled as to why Buyers...

Buying or Selling a Home: Real Estate Expired Contract, lockbox, dear john
lockbox, dear john, title company: Brenda: Being from California, I am not familiar with Michigan real estate law, you need to contact an attorney to see what your rights are. I will say, that here in California, all clients are required to get a copy of the contract they sign, if a copy...

Buying or Selling a Home: Real Estate HELOC, new mortgage, missouri real estate
new mortgage, missouri real estate, california market: You could definitely do that, but keep in mind that the market may not go up in the short term, it could take years to recover. You run the risk of it falling more, and surpassing the $50,000 you are using to make the shortfall of the mortgage payments. ...

Buying or Selling a Home: Real Estate Investing, lis pendens, time operation
lis pendens, time operation, investing in real estate: Depends where you live, Niall, but I suggest you take your time because the market is going to come down where you may see a bigger supply of houses in the foreclosure process. In the meantime, I suggest you get your feet wet (this is going to be a full-time...

Buying or Selling a Home: Real Estate Investing Research, real estate investor, lis pendens
real estate investor, lis pendens, jessica bryan: Hello Niall; The best resource for listings in www.realtor.com which lists everything that agents put on the multiple listing service. It doesn t have the complete listing that the mls member sees but will give you enough information to satisfy you to get...

Buying or Selling a Home: Real Estate Investing, lis pendens, investing in real estate
lis pendens, investing in real estate, easiest thing: Hello Niall, There is a long and complex answer to your question. I have been doing it for over 5 years now and I can tell you that it is not for everyone. The easiest thing to do is talk to you over the phone about this. Give me a call at my office...

Buying or Selling a Home: Real Estate Investments, land investments, real estate investment
land investments, real estate investment, real estate investments: Dear Sinclair; You haven t given me enough information on what type of investments you are interested in. Are you looking for rental properties or properties to fix up and flip? Are you looking for low-cost homes, single family detached homes, or multi-family...

Buying or Selling a Home: Real Estate Investng, credit score, money down
credit score, money down, state of texas: Cody, First get your credit score raised up to 700 or better. You can then easily buy properties & even get cashback at closing. If you have no credit you can still do it but you need to get educated or have a mentor. I offer a live 3 day training in...

Buying or Selling a Home: Real Estate Law, occupancy agreement, landlord tenant
occupancy agreement, landlord tenant, settlement attorney: DAG, thank you for your question. I am unable to properly answer you for the following reasons: 1)you have not specified what jurisdiction governs your transaction, 2) disclosed that you have already or yet to complete settlement, 3)who drafted...

Buying or Selling a Home: Real Estate/landlord /tenants rights, rental lease agreement, landlord tenants rights
rental lease agreement, landlord tenants rights, tenant rights: Hi Mr. & Mrs. Martinez, I am assuming (and hoping) that you have a written rental/lease agreement. Whatever is written into your rental/lease agreement is what will prevail, along with NY State Law. When property is leased, notwithstanding any language...

Buying or Selling a Home: Real Estate Market, current real estate, buyers agent
current real estate, buyers agent, buyer agent: The best way to find out about your real estate market would probably be the newspaper. Or, research what s selling in your neighborhood. Don t look at the for sale signs, you want to know what s sold. If you are thinking about buying a home I very much...

Buying or Selling a Home: Real Estate Market, luck john, best bet
luck john, best bet, john hall: Sallie: If you are planning on rehabbing homes and turn them around quickly for a profit you really do need to know the market. You best bet would be to find a real estate agent who specializes in working with investors. The agent will be able to help...

Buying or Selling a Home: Real Estate Marketing, many different reasons, real estate flyers
many different reasons, real estate flyers, tedious search: Steve: There are many different reasons that flyers work in some areas but are a waste of money in other areas. If you are that interested you two should get your licenses and sell real estate as a team! then you could use your skills to out sell the others...

Buying or Selling a Home: Real Estate Marketing, old fashion way, real estate flyers
old fashion way, real estate flyers, tedious search: Steve, No doubt flyers are still an effective manner of marketing. however, since the internet & other technology, many including realtors have become somewhat lazy & forgotten about the old fashion way of advertising. Try talking to a realtor about...

Buying or Selling a Home: Real Estate Marketing, internet flyers, flyer boxes
internet flyers, flyer boxes, real estate flyers: Steve, Keep looking!! Flyers aren t used much for several reasons. Many communities do not allow flyer boxes to be attached to for sale signs. Traffic is picked up on the Internet. Flyers are available there for most properties. Also, if a Realtor does...

Buying or Selling a Home: Real Estate Marketing, real estate flyers, home realtors
real estate flyers, home realtors, tedious search: Steve: Most Reatlors are getting away from having flyers on the outside of the home. Reason being, that if a potential buyer picks up a flyer and then realizes the home is not for them due to price, size or whatever, they go on about their business, and...

Buying or Selling a Home: Real Estate Marketing, real estate flyers, tedious search
real estate flyers, tedious search, primise: Hello Steve, It sounds like you bought a home without a Realtor. I say this because you write that it was a tedious search and that you had nothing to reference the homes to others. If you worked with a good Realtor that would not be the case. Many Realtors...

Buying or Selling a Home: Real Estate Marketing, real estate flyers, tedious search
real estate flyers, tedious search, correct questions: Dear Steve: The main purpose of a sign in front of a property is to elicit telephone calls. With a call, the agent can speak directly to the potential customer and learn his/her wants and needs. Sometimes a good salesperson can ask the correct questions...

Buying or Selling a Home: Real Estate Marketing, real estate flyers, personal web sites
real estate flyers, personal web sites, tedious search: Hi Steve, My guess why many Realtors do not use flyers is that, although you appreciated the handy reference of a flyer (outside a house in a flyer tube or box, I assume), flyers in and of themselves do not sell homes. Most Realtors have personal web...

Buying or Selling a Home: Real Estate Marketing, real estate flyers, tedious search
real estate flyers, tedious search, multiple listing service: I don t know what part of our world you live in, Steve, but here in southern California flyers are quite extensively used. Not all for-sale signs have them, but most do have boxes attached to the for sale sign with flyers and information about their listings....

Buying or Selling a Home: Real Estate Marketing, real estate flyers, tedious search
real estate flyers, tedious search, starting a small business: Hi Steve; I don t know the reason that the REALTORS in your area are not using flyers. I do know why I prefer not to...They are expensive and tend to disappear from the information box without getting any calls from those who have taken the information. ...

Buying or Selling a Home: Real Estate Marketing, real estate flyers, tedious search
real estate flyers, tedious search, park benches: Hello Steve, Sorry about the delay, I was unable to access the link to your question. Paper fliers are still used in marketing as well as newsletters and postcards. Personally I am an advocate of mail paper messages and the use of photo fliers for in...

Buying or Selling a Home: Real Estate - Possession Process, short term loan, bridge loans
short term loan, bridge loans, bridge loan: Dear Gina, Thank you for contacting allexperts.com. Once you receive an offer for your house, you can write a counter offer which includes language that would cover this situation. Many contracts are written to allow sufficent time for the seller to...

Buying or Selling a Home: Real Estate problem, porous surfaces, roofer
porous surfaces, roofer, ductwork: There was a time, Sharon, when buyers would purchase houses, the old saying, Let the buyer beware applied in every case. But too many buyers were taken advantage of. Little by little around the U.S. the states passed laws stating that the seller must reveal...

Buying or Selling a Home: Real Estate purchase in Florida for a non-resident of the US, luck john, real estate in florida
luck john, real estate in florida, best bet: Michael: I am sorry but I am not familiar with the Florida home market. Your best bet would be to go on the internet and put in real estate in Florida - that should bring up agents in the state. Call some of the agents and get their feed back on what...

Buying or Selling a Home: Real Estate purchase in Florida for a non-resident of the US, south florida area, west palm beach
south florida area, west palm beach, fornos: Hi Michael, Thank you for your question. I think right now condo conversions or condo/homes pre-construction are very good deals and if you wanted to rent them for 5 years, I would recomend 1 to 4 unit rental properties, in areas such west palm beach,...

Buying or Selling a Home: Real Estate purchase in Florida for a non-resident of the US, e mail address, profit earner
e mail address, profit earner, excellent real estate: Mike, I will send you some listings under the name of Judiepru. This is a very upscale community. Known best for the TPC annual golf tournament at Sawgrass. You may want to check out Ponte Vedra on the Internet. Also, Sawgrass. This is where I live and...

Buying or Selling a Home: Real Estate purchase in Florida for a non-resident of the US, boca raton florida, palm beach county
boca raton florida, palm beach county, state mortgage: I think Palm Beach County will offer you the best return on your investment in the long run. A single family home will most likely give you the best return, with ocean front condominium coming in at a close second. Prices have gone through the roof as...

Buying or Selling a Home: Real Estate Search, real estate search, geographical area
real estate search, geographical area, craig: Lisa, You ve stumped me on that one. I am not aware of any of the sites that are not geographically selective. I guess you ll simply have to search for your criteria in each state. I know that s a process, but I do not know any other approach. Sorry...

Buying or Selling a Home: Real Estate Seminars, real estate seminars, real estate books
real estate seminars, real estate books, doug ingram: Vic, Thanks for your question. In short, yes real estate seminars can be worth the expense. The one stipulation, like anything use common sense. A $15,000 real estate course may be too much depending on where your at in your investment career and also...

Buying or Selling a Home: Real Estate Tax and Home Ownership "Limitations", sole heir, home equity loan
sole heir, home equity loan, little fox: One thing for sure, Lisa, is that your boyfriend is throwing his money away if he is paying the taxes on the property he does not own. A power of attorney is usually good for a person as long as that person is still alive. Therefore, I would say the nephew...

Buying or Selling a Home: Real Estate/weather in Virginia, basment, richmond virginia
basment, richmond virginia, sales experience: Hello Lynette, Sorry I have been out of town for the weekend, thank you for your question. Weather is not a factor when selecting a home that either has or has no basment. It is only a preference of yours. Most homes offer a basement for many reasons...

Buying or Selling a Home: Real Estate, gary eldred, david dick
gary eldred, david dick, andrew mclean: Yes, David, it definitely is possible. And you are at a great age, too. Therefore, you have plenty of time and don t be too impatient!!! Rather than my rattling off a bunch of suggestions in which I would probably write a book, allow me to recommend some...

Buying or Selling a Home: Real estate appraiser, reccommendation, real estate appraiser
reccommendation, real estate appraiser, state test: Hello Bob, thank you for your question. I m afraid that this one is out of my area of expertise. I do know from my broker class that there are both state exams to pass as well as an internship of six to twelve months or more here in Virginia. My reccommendation...

Buying or Selling a Home: Real estate future purchase, new home construction, purchasing land
new home construction, purchasing land, valley areas: Len, I can only give you advice in my area of expertise. First I suggest that you pick up a copy of my book The Real Estate Guide to the Environment which gives you detailed infromation on 50 different environmental and planning issues you need to know...

Buying or Selling a Home: Real estate investing, robert shemin, hobby time
robert shemin, hobby time, renting properties: The best place to start, Scott, is somewhere hear where you live . . . as close as possible because you don t want to get discouraged having to travel too far . . . unless distance is not a problem for you. When something is too big a challenge, it s because...

Buying or Selling a Home: Real estate license, real estate sales, estate rehab
real estate sales, estate rehab, association of realtors: Tonya, Your best answer will had by simply by calling the local Association of REALTORS in Norfok which I do not know - they can provide you with a package that will give you everything you need to begin and help you to choose classes that will help you...

Buying or Selling a Home: Real estate licenses, real estate licenses, reciprocity law
real estate licenses, reciprocity law, north carolina real estate commission: Hi Gary, Thanks for writing All Experts. I m sorry, but I am not familiar with North Carolina s reciprocity law (I work in SC). I looked up the North Carolina Real Estate Commission for you, and here are some contact numbers and addresses for you:...

Buying or Selling a Home: Real estate records, paul hoffman, county seat
paul hoffman, county seat, county offices: Hello Paul, The records you are looking for should be stored at the county seat that covers the location the home is at nad ask which department has property records. Call there first to ask if the records have been moved since and the best time to go when...

Buying or Selling a Home: Real estate, foreclosure listings, real estate investment
foreclosure listings, real estate investment, investment money: Kelly, I recommend you contact the seller of that listing for $9,000 & confirm what the deal is. You can find foreclosures by contacting a realtor & asking him for foreclosure listings. You will need to have good credit to purchase these homes unless...

Buying or Selling a Home: Real state agent, buyer agent representation, board of realtors
buyer agent representation, board of realtors, comparable sales: HI Juan Carlos, Thank you for your question. The first place you can look in New York is with the department of state in Albany. They have all agents and brokers registered. I would expect most states to follow similar regulations. Second you can...

Buying or Selling a Home: Real state agent, national association of realtors, board of realtors
national association of realtors, board of realtors, association of realtors: Hello Juan and thank you for your question. It s always a difficult decision to work with a relative, friend or neighbor, especially when it comes to making a purchase as large and complex as buying a home. Your friend should have told you the name...

Buying or Selling a Home: Real state agent, todd thornton, state web
todd thornton, state web, regulatory agencies: You can search a nationwide directory by clicking the link below. http://www.arello.com/ArelloWeb/ShowPage?command=main When at this site, if you click on regulatory agencies it will take you to a state by state listing. Some states have additional information...

Buying or Selling a Home: Real state agent, dre ca gov, department of real estate
dre ca gov, department of real estate, state web: Yes, JuanCarlos. Here in California you can go to http://www.dre.ca.gov/ (The Department of Real Estate) and you can verify who is a licensed agent. I suppose it is the same for whichever state you are in. Try that idea. I do wish you well. Dick Dennis...

Buying or Selling a Home: Realestate Investing, houses for sale, realestate
houses for sale, realestate, good luck: Hi Darryl, Your question is a good one and it would take a very long answer, I suggest that you find yourself a Realtor in your area that can help you with this situation. Good Luck, Ricardo (Rick) Fornos (954)457-7878 EXIT REEL Int l Realty rick@ricardofornos.com...

Buying or Selling a Home: Realestate Partnership, capitol gains taxes, personal income tax
capitol gains taxes, personal income tax, partnership agreement: I would speak to a real estate attorney laws differ from state to state. But one option might be putting the property into a trust and the LLC as the trustee. As for your capitol gains taxes and how that would be worked your best bet is speaking to an accountant...

Buying or Selling a Home: Really Big mess., part time job, unemployement
part time job, unemployement, financial troubles: As far as I understand, Victor, it s not going to cost her anything by giving you her share of the property. It just might be a loss for her. As long as her assets are under $1M, she can give away any amount up to $600,000. If you really want to know how much...

Buying or Selling a Home: Realtor Commission on the Sale of Realtor's Parents House, realtor commission, executor of the estate
realtor commission, executor of the estate, existing mortgage: Hi Deanna, Usually when selling a home that is in a trust, a Realtor is hired to market the home and is responsible for advertising and finding a buyer to purchase the home at the highest possible price. At the closing the beneficiaries would split the...

Buying or Selling a Home: Realtor Commission on Sale, realtor commission, jessica bryan
realtor commission, jessica bryan, reluctance: Dear Derek; While you are only receiving $200,000 in cash the property also has value and can be (presumably) converted to cash. You actual payment is valued at somewhere around the amount of $1.1 million. (Be sure to have the appraisal on the property...

Buying or Selling a Home: Realtor Contract, due diligence, valid reason
due diligence, valid reason, realtor: You merely have to read the contract you signed, Jason. You will notice it does not even mention what happens if you buy a house without the Realtor you are signed up with to sell your house. In otherwords, you have no obligation to your listing agent if you...

Buying or Selling a Home: Realtor commission, realtor commission, referral fee
realtor commission, referral fee, real estate license: Hi DP, With a possible cross-over of DC and Virginia laws (which is what I suspected), I’m am not familiar enough with their laws to respond. I have appointments for the balance of the day and do not have time to research it now, but you have enough to...

Buying or Selling a Home: Realtor's Disclosure Duties, first mistake, realty office
first mistake, realty office, great don: Dear Gina: What a horrible situation! I am so sorry you got involved with such an inferior agent and company. I cannot help you very much, as I do not have a copy of your contract, nor can I practice law without a license . Any legal direction should...

Buying or Selling a Home: Realtor due commission?, real estate transactions, token of appreciation
real estate transactions, token of appreciation, exclusion clause: Hi Bill, Thank you for your question. If one of the people you had excluded form the listing agreement buys your home there is no commission. That is the purpose of the exclusion clause and your copy should show the names or refer to your faxed list....

Buying or Selling a Home: Realtor ethics, title company, public record
title company, public record, state laws: Laura, The answer to your question depends on your state laws and the court s interpretations of the laws. Generally, a lawsuit is a public record and your realtor could disclose public records. However, it again depends on your state. I understand...

Buying or Selling a Home: Realtor failed to advise seller of valid offer..., jessica bryan, association of realtors
jessica bryan, association of realtors, local association: Dear Sonny; It is very difficult to prove that your REALTOR did not discuss the offer with you since you did receive an email with the offer and she can prbably produce a copy of that. I agree that she should have followed up with a phone call and that anything...

Buying or Selling a Home: Realtor failed to advise seller of an offer..., board of realtors, filing a complaint
board of realtors, filing a complaint, local board: Hi Sonny, If you have a copy of this agreement of sale, you can contact the local Board of Realtors to inquire about filing a complaint. They will need a copy of this to move forward with any investigation. You may also want to contact the Broker/Owner of...

Buying or Selling a Home: Realtor misled me to close a sale, mortgage policy, insured mortgage
mortgage policy, insured mortgage, home contract: Hello Don, thank you for your question. You have a tough question here and I am not sure if you might not get a better answer from an attorney on this site that specializes in real estate. There are a few pieces of information missing here and so I am...

Buying or Selling a Home: Realtor, referral fee, foley
referral fee, foley, good health: Dear Jade: Congratulations on your new purchase,and my applause to you for being so caring about your agent. If your agent registered you with the builder, then check with the builder because the agent would probably then be given a referral fee. Then,...

Buying or Selling a Home: Realtors & For Sale by Owners, consistent basis, wayside
consistent basis, wayside, real estate agents: You are not locked onto that Realtor, Adam, especially if yours is not willing to negotiate a lower commission, especially since you found the property you want to buy. There are Realtors out there who definitely would accept a lesser fee. Or, engage a...

Buying or Selling a Home: Recent Home Purchase, caveat emptor, redstone properties
caveat emptor, redstone properties, patriot windows: Dear Brenda; Although I am a California Realtor, I would like to suggest a few things you would like to explore. In California, there is a licensing board that controls the general contractors of our state. Although there is a one year warranty usually...

Buying or Selling a Home: Recent Home Purchase, irs audit, brand windows
irs audit, brand windows, type windows: Hi Brenda, A Realtor may not know what type of windows a builder has installed in a home unless they are specifically labeled. If good windows are a priority when purchasing, buyers should have language in their Contract that this is to be disclosed. ...

Buying or Selling a Home: Recent purchase of home, first mistake, california real estate market
first mistake, california real estate market, excessive water: Kyle: Not knowing what state you live in, I will try and answer your question based on my knowledge of the California real estate market. Your first mistake was to not hire a home inspector prior to closing to look at the home. Here in California, our...

Buying or Selling a Home: Recently Purchased home, financial concessions, jessica bryan
financial concessions, jessica bryan, move worth: Dear Deirdre; Your husband is right. By the time you pay closing costs, transfer fees, recording fees, attorney fees and make any financial concessions let alone any brokerage fees, you will be losing money. The home has not had time to appreciate in value....

Buying or Selling a Home: Recently split partner considering buyout, comparative market analysis, current condition
comparative market analysis, current condition, best of luck: Hi Max, Thanks for the question. Here s what I would do. I would have an appraisal or a comparative market analysis done on the apartment in it s current condition. Then, I would subtract out the loan amounts to find the net equity. Then, I would subtract...

Buying or Selling a Home: Recision, right of rescission, contingencies
right of rescission, contingencies, aol: I am not aware of any state permitting a 3-day right of rescission in buying real estate. I have seen such a provision in a land-out-in-the-boonies type of subdivision, but that is very rare. If the buyer (or seller) requires any contingencies that would allow...

Buying or Selling a Home: Recommendation of a home inspector, john cahill, aaron miller
john cahill, aaron miller, foundation work: Hi Jamie, Congratulations on your new, ummm old , home! Try any of these 3 Aaron Miller at www.texasinspector.com Richard Rushing at www.aa-inspection.com John Cahill at www.cahillinspection.com Either one of them will provide you with great knowledge...

Buying or Selling a Home: Recouping renovation costs (windows), ohio neighborhood, minor renovations
ohio neighborhood, minor renovations, renovation costs: Dear Andrea; Replacing the windows is necessary for the resale if they are in bad shape. If you don t do it, the prospective buyer will see them and immediately discount the offer to include window replacement. You won t necessarily get the full price for...

Buying or Selling a Home: Recourse against home inspector, kilowatt hour, firepalce
kilowatt hour, firepalce, leak air: Hi Bill, Sorry to hear about the condition of your home. This is a tricky question due to all the variables that are involved. For one thing, each state has different statutes. Some states do not regulate home inspectors while other states do. Some...

Buying or Selling a Home: Referral Fees, referral fees, referral fee
referral fees, referral fee, real estate agent: Since you are both associates, YOU DO NOT PAY ANYONE ANYTHING NOR DO YOU GET PAID FROM ANYONE. Your broker does. Therefore, advise your broker (or office manager) what you have agreed and he/she will make sure it is done right. Yes, the office may get a cut...

Buying or Selling a Home: Refinance, small claims court, statute of limitations
small claims court, statute of limitations, manufactured home: I am guessing that when you purchased the home in 2000 you paid all cash. Who told you that you would be able to re-finance the home? I am not sure but it is very possible that the statute of limitations has passed and you may no longer have the ability to...

Buying or Selling a Home: Refinancing Joint Tenant Property, luck john, payment mortgage
luck john, payment mortgage, tenant property: Russell: If the home is being refinanced to buy out one of the partners, that means the other partner is going to own the home and will thus be responsible for any costs when and if they decide to sell the home. If you are being charged for closing costs...

Buying or Selling a Home: Refund of Deposit, real estate commissions, debt to income ratio
real estate commissions, debt to income ratio, contract problems: Hi Nicole, Sorry for the delay in responding. Most reputable real estate agents, builders and developers will have a provision in a Contract of Sale stating that the transaction is SUBJECT TO FINANCING, meaning that if you cannot get a loan, the Contract...

Buying or Selling a Home: Refund of earnest Money, dear pete, earnest money
dear pete, earnest money, condo units: Dear Pete: My first question is who represented you in this transaction? The seller is represented but you should have had an advocate as well. Your individual interests are obviously not being well handled. The letter that you received from the lender...

Buying or Selling a Home: Refusal to Refund Earnest $ Deposit, settlement table, back dues
settlement table, back dues, settlement day: Unfortunately I don t think that a mediator would have the knowledge or power to declare a contract null and void (that s for a judge to decide). This concept would probably be beyond him/her. More likely would look at just the situation between buyer and...

Buying or Selling a Home: Rehabbing, bank owned properties, mentor guide
bank owned properties, mentor guide, neighborhood characteristics: Dan, Thanks for your question concerning rehabbing homes for a profit. As you have found out the amount of advice, seminars, books, etc. regarding how to do this available via the Internet and other sources is almost limitless. My opinion is that although...

Buying or Selling a Home: Rehabing houses, how to find motivated sellers, hard money lender
how to find motivated sellers, hard money lender, rehabing houses: Sallie, I offer a 3 day live personal one on one training on real estate investing techniques using no money or credit. I will fly to your city to work with you. I teach: 1. How to find motivated sellers at the courthouse. 2. How to take over...

Buying or Selling a Home: Relative's bad choice, contract ratification, crying the blues
contract ratification, crying the blues, water problem: Hello Melissa, thank you for your question. In order to properly answer your question I need to know what state you are in. Perhaps this may assist you. For Virginia, Maryland and The District of Columbia where I am licensed, our Purchase Agreement...

Buying or Selling a Home: Relisting my home, family dwellings, minor league ball
family dwellings, minor league ball, proper authorities: Dear Gretchen; Even though they haven t advertised, unless your contract specified weekly ads, it is not a violation. Re-read your contract carefully. If they did specify that they would run a weekly ad, then you will have to check with the paper and make...

Buying or Selling a Home: Relocating/Buying 2nd home, professional property manager, current market value
professional property manager, current market value, due respect: You don t say what your present interest rate is, Sue. But I am going to assume it is lower than the rate to which you would change to if you refinance. If that be the case, I would not do it, especially if you expect to be moving back within two years. ...

Buying or Selling a Home: Relocating to Florida, relocating to florida, heavy hitter
relocating to florida, heavy hitter, judie: Sue, Thanks for your reply. I am a Realtor, but not a heavy hitter, and I just respnded so enthusiastically because this area seems to meet all your requirements. In your price range, you will have to look on the west side of the intracoastal, unless you...

Buying or Selling a Home: Relocating to Florida, relocating to florida, fcat
relocating to florida, fcat, education business: Leo, I looked at the site. I have never heard of them. I DEFINITELY would not contract to have a home built before you move here because you need to be in the area to overseee what is going on during the construction of it. I am also in the education business...

Buying or Selling a Home: Relocation, five star restaurants, world golf village
five star restaurants, world golf village, tpc at sawgrass: Joe, I too lived all of my adult life in VA where I was a teacher in Fairfax County and a parttime Realtor. When I approached early retirement I wanted the same things you do and I reseached most of FL and then I chose Ponte Vedra. It is southeast of Jacksonville,...

Buying or Selling a Home: Rent to Own, staphanie, contract loan
staphanie, contract loan, legal nature: Hello Staphanie and thank you for your question. This question is of a legal nature and one that I cannot help you with. Contact one of the attorneys on this site that note that they practice in your state. Have in your posession a copy of your grandmothers...

Buying or Selling a Home: Rent to Own Townhouses in Alexandria, VA, alexandria area, nut shell
alexandria area, nut shell, red flags: Hello Kate and thank you for your question. First things first - get your financing organized. Regardless of your direction, you need to understand the current programs out there that are available to you as well as determining what purchase price you...

Buying or Selling a Home: Rent to Own, new mortgage, john doe
new mortgage, john doe, lease purchase: Ms Creed: you can go to any real estate firm any atty who does RE law. or just write up a lease/purchase. such as; we agree to sell to mr john doe, our townhouse, at x address, for e dollars, exactly. this amount shall be paid off in the following...

Buying or Selling a Home: Rent to own, fornos, hi thanks
fornos, hi thanks, mortgage broker: Hi Neil, thank you for your question. Without knowing more about you, your credit score and your financial situation, what I can suggest is that you meet with a mortgage broker and have them tell you what they can do for you, after that find a Realtor you...

Buying or Selling a Home: Rent to own, reant, david garcia
reant, david garcia, hi thanks: Using thr RENT to OWN method is very beneficial for buyers with troubled credit. It gives you the time to repair your credit, you can ask for rent credit from your monthly payment, you don t need a large downpayment. I recommend you call rent ads & tell...

Buying or Selling a Home: Rent to own, landloard, jessica bryan
landloard, jessica bryan, hi thanks: Dear Neil; This is a good way to get started and to own a home. However, the difficulty is getting a lender to go along with this. You will need to get a pre-qualification that shows that within a certain period of time a lender will give you a loan. There...

Buying or Selling a Home: Rent to own, refundable security deposit, income to debt ratio
refundable security deposit, income to debt ratio, design deficiencies: Hi Thomas; This method of buying a home is sometimes advantageous in a situation such as yours. Since you probably already know the benefits of owning vs. renting a home I will address the drawbacks. Many sellers will not entertain this option since they...

Buying or Selling a Home: Rent to own, david garcia, principal payment
david garcia, principal payment, house sale: Manuel, The amount of credit applied to the principal depends on you. You decide what amount to give as credit. Many sellers give at least $100 for every $1,000 payment. About the taxes, you are still the owner. The home has not been sold yet. Therefore...

Buying or Selling a Home: Rent to own, nonrefundable deposit, judie
nonrefundable deposit, judie, hi thanks: Neil, You must be sure that you are serious about cleaning up your credit and make sure you have a few months of clean credit before you embark on this venture.The way this usually works is that the landlord will charge you a substantial nonrefundable deposit...

Buying or Selling a Home: Rent vs. Sell, hot water heater, typical fashion
hot water heater, typical fashion, e pay: Chris, Thanks for your question. When evaluating a decision like the one you have in front of you the key questions are: 1) can I buy the financing (in this case the HELOC) in such a way that I can forecast out my costs in 1,5,10 years. (if you are...

Buying or Selling a Home: Rental contract enforcement after buying a home, white plains ny, contract enforcement
white plains ny, contract enforcement, rental contract: So, if you notified them, why are they disputing it? Did you make a copy of the letter you wrote to them? Are they saying you never sent the letter? It sounds like it s your word against theirs. Is there more to the story? I ll check this again in the morning....

Buying or Selling a Home: Rental Income, dr friedman, insurance charges
dr friedman, insurance charges, renting properties: Danny, Thank you for your inquiry. As to your first question, your insurance probably will not change dramatically. The reason is that you are insuring 2 items with homeowners insurance. The first is the building or structure. This will not change...

Buying or Selling a Home: Renter agreement, errors and omissions insurance, renter agreement
errors and omissions insurance, renter agreement, legal complexities: Hi BJ, If the seller has (or had) a listing agreement with the agent, then there is a clause in there that says that if a buyer makes an offer on the property and they had looked at the property while it was listed, then the seller has to pay the agent...

Buying or Selling a Home: Renters Rights during the sale of your apartment, owner complaints, new apartment
owner complaints, new apartment, renters rights: Dear Ms. Michelle: I am sure that the building has more apartments than just yours. Tell him to show other apartments, not yours, to rotate with other apartments. Provide solutions. If worse comes to worse you might just not open the apartment to strangers...

Buying or Selling a Home: Renting 1st apartment (condo) a few ??'s, private landlords, electricity costs
private landlords, electricity costs, apartment condo: all that you want to do is very feasible. I would create 2 agreements; one for the standard lease and one for the carpet or other uniquenesses. YOU may not say sometime in the next year. That is not legal . YOU may ask for any payments up front but...

Buying or Selling a Home: Renting a home, owner occupants, renting a home
owner occupants, renting a home, home doesn: T.J, Sorry for the delay in answering your question. Renting a home doesn t necessarily affect the value. If there are too many rentals in an entire neighborhood, that tends to hurt the value of the entire neighborhood as opposed to a neighborhood that...

Buying or Selling a Home: Renting a house through section 8, section 8, hud
section 8, hud, landlord: Section 8 is run by HUD. You contact them via phone or internet and see what houses there are available for you if you are a tenant, or what tenants there are for your house if you own one as a rental. HUD requires certain income rules for tenants and what...

Buying or Selling a Home: Renting property, landloard, renting property
landloard, renting property, new lease: Hello Harry; First let me address your question about creating a lease when none exists right now. Since a lease protects both the renter and the landloard, the renter is currently unprotected against new terms on a lease and if they do not choose to sign...

Buying or Selling a Home: Renting property, landlord tenant laws, virginia landlord tenant laws
landlord tenant laws, virginia landlord tenant laws, tax deferred exchange: I strongly suggest you have a real estate attorney or Realtor who is familiar with Virginia landlord/tenant laws to help your mother put such a contract together. Any fee for such services is well worth it if you don t want headaches later on. In most states...

Buying or Selling a Home: Renting property, landlord tenant laws, virginia property
landlord tenant laws, virginia property, renting property: Hi Harry, Regarding your folks/tenants residing in the Hampton, Virginia, property, I am responding according to Landlord/Tenant Laws in my state. You should verify with an attorney in your state whether or not your state laws are different. With no...

Buying or Selling a Home: Renting property, renting property, time periods
renting property, time periods, rent control: Dear Harry: You are asking excellent questions, however, most I cannot answer because each and every city in the United States can have different laws. These laws pertain to properties that have rent control on them, those that do not have rent control;...

Buying or Selling a Home: Renting property, renting property, creative options
renting property, creative options, land lease: Hello Harry, Firstly, as a homeowner and landlord, the limited protections you have need to be spelled out and agreed to with the tenant. So it is important to have an agreement signed. A local attorney is needed to fully explain the local issues regarding...

Buying or Selling a Home: Renting property, renting property, rotenberg
renting property, rotenberg, new lease: You can increase the rent to any amount you wish in the absence of a lease. $900 to $1500 is fine, however you risk losing the current tenant because of affordability. You can sell any home at any time even if it is tenant occupied. The new owner would...

Buying or Selling a Home: Renting property, renting property, minor differences
renting property, minor differences, new lease: Hi Harry, I m in CO so there may be some minor differences in things between the areas. Most of your questions are pretty general so I ll answer them. There shouldn t be any problem with increasing the rent and having the tenants sign a new lease. Out...

Buying or Selling a Home: Repair Allowance first time buyer, first time buyer, escrow account
first time buyer, escrow account, getting money: Dear Chris; The problem with getting money back after closing is that you are making a representation to the lender that the home is being purchased for $115,000. The lender is basing their ratios and loan to value on that amount. Getting money back is...

Buying or Selling a Home: Repo Homes, foreclosure auction, mechanics liens
foreclosure auction, mechanics liens, repo homes: First of all it depends on your market as to the way that these properties are dealt with. In my area, foreclosures are sold at auction so there isn t really an asking price, but rather a minimum bid of 2/3 the appraised value. The minimum bid is just a point...

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...