About Experts Sitemap - Group 8 - Page 4 2014-04-22

Buying or Selling a Home: discounts?, buying houses, substantial discounts
buying houses, substantial discounts, luxury home: I doubt if you are willing to work for it like you should. And you DO HAVE TO WORK FOR IT. You have to become VERY familiar with the home values in the area you are interested. You have to make offers on houses knowing that nine out of ten will turn you down,...

Buying or Selling a Home: discounts?, target area, flipping houses
target area, flipping houses, discount house: Hi Jason, Thank you for your question. Buy low, sell high is the goal with any investment. If you can buy a property under market value, live in it for some years, then seel it for a profit, then you make a lot of money. Plus, if you live in it at least two...

Buying or Selling a Home: discounts?, tv advertisments, john hall
tv advertisments, john hall, luxury home: Jason: What you are looking for - real estate at a 75% does not exist except maybe in books and on TV advertisments. If your are looking to buy property at a discount you need to do your homework. You need to learn the going market price of property,...

Buying or Selling a Home: discounts?, toxic waste dump, multiple listing service
toxic waste dump, multiple listing service, risk factor: HI Jason, Thank you for your question. In my opinion real estate that is on the market available for sale through a multiple listing service will always be at fair market value. The only opportunities you might have to buy real estate at a discounted...

Buying or Selling a Home: discounts?, best possible deal, substantial decrease
best possible deal, substantial decrease, s market: Jason, it s true that in most areas, it is a buyer s market. That being said, I ve never seen a 75% discount. You can reasonably expect up to 25%, but every case will differ depending on the seller s motivation to sell. To get the best possible deal,...

Buying or Selling a Home: discounts?, luxury home, investors
luxury home, investors, real estate: Hi Jason, Thanks for the question. I have never heard of houses being sold at a 75% discount. They would never have to be discounted that much. There would always be investors who would be willing to buy them at a much lower discount. (10% to 20% off, etc)...

Buying or Selling a Home: discounts?, bank owned properties, escrow costs
bank owned properties, escrow costs, hud properties: Hi Jason, Well, let me answer each of your questions one by one below. You asked how do you find real estate at deep discounts? You could sign up at foreclosure websites and see people who are behind on their mortgages and possible scoop up a few properties...

Buying or Selling a Home: discounts?, desperate sellers, state mortgage
desperate sellers, state mortgage, president state: I am also interested in buying property that is 75% less than fair market value. If I could find that I would buy it and immediately put it on the market at fair market value and make a ton of money. The only way to find properties that are under fair...

Buying or Selling a Home: discounts?, asset management department, ginny mae
asset management department, ginny mae, secondary lenders: Dear Jason, The market has recently changed dramatically, and I predict that in the very near future there will be many houses available that will meet your criteria. Foreclosures are your best bet. Don t pay for online memberships to foreclosure websites...

Buying or Selling a Home: discounts?, doug ingram, realquest
doug ingram, realquest, term appreciation: Thank you for your question. To understand value you will need to rely upon a combination of recent comparable sales in the area which can be found through services like domania.com or realquest.com and basic research about the area you are buying in and factors...

Buying or Selling a Home: discounts?, foreclosure homes, estate deals
foreclosure homes, estate deals, national averages: First you may want to re-evaluate your expectations. It will be nearly impossible to buy anything 75% below market value. However, a good way to buy property below market value is to search For Sale By Owners , FSBOs. On the average, nationwide scale,...

Buying or Selling a Home: discrimination, department of regulatory agencies, detective work
department of regulatory agencies, detective work, internet thanks: Thanks for the good question. You first need to establish if discrimination did indeed exist. A properties status can change quickly. At the time you asked you re agent to see the property the home may have been under contract. If you do some detective...

Buying or Selling a Home: dispersment of funds in closing, termite report, realestate agent
termite report, realestate agent, demand answers: Hi Barbara, Wow! What a dilemma. Events like this should never happen. When was the termite report issued, and why was this not cleared up at the closing table? Reputable attorneys know better than to allow parties to close on a transaction with unresolved...

Buying or Selling a Home: dispute "change order" closing charge, offer to purchase agreement, certified mail
offer to purchase agreement, certified mail, local customs: Matthew, Sorry for the delay in my response. My original response apparently didn t make it through. I d check with an attorney, because I m not an attorney, but the answer to your question should depend on what your orignal offer to purchase agreement...

Buying or Selling a Home: divorce selling house with ex-husband, installment note, divoce
installment note, divoce, mortage: Hello Pat and thank you for your question. This question should really be posed to one of our attorneys here at ALL EXPERTS. You left our some important elements so when you send out your question be sure to include the following. What state will this...

Buying or Selling a Home: documentation needed to sell co-op, dear james, application package
dear james, application package, management company: Dear James, Thank you for your question. The most important papers you need are the Offering Plan & By Laws plus the last two years of financial statements. These will need to be delivered to the buyers attorney for review with the contract of sale....

Buying or Selling a Home: dom, service realtor, sharing your expertise
service realtor, sharing your expertise: Most listing services do not post the List Date. Even as an agent I can t access this information for other agents listings in my area. There are a few tricks, however. If you have an experienced agent, they can usually tell how long a home has been on...

Buying or Selling a Home: I don't mean to be a pest..., time restraints, owner finance
time restraints, owner finance, downpayment: Most people who owner finance, want a good credit report and a large down payment. If you don t have those, it is hard to get into a house. The best thing is to go to a lender who does sub-prime lending, have them check you out and tell you what you need to...

Buying or Selling a Home: dont know what i can do ..., fly in the ointment, girlfreind
fly in the ointment, girlfreind, former girlfriend: Ordinarily, all you d have to do was to engage a real estate attorney to file a suit for PARTITION. But you have the former girlfriend in there and she is the fly in the ointment. And at free rent? Does your cousin and you share paying the mortgage each...

Buying or Selling a Home: Can I drop my real estate agent at any time?, real estate commissions, specified time period
real estate commissions, specified time period, todd thornton: Gloria, You should have signed a contract for a specified time period in which the agent would attempt to sell your home. If you didn t sign a listing contract, most likely you have no obligation to retain the agent as most real estate contracts have to...

Buying or Selling a Home: dropping real estate agent, s broker, contract period
s broker, contract period, month and a half: Dear Gloria, You have to look at the contract signed and how long the listing is for. If you signed an exclusive listing contract (most likely)you owe her commission if the property is sold anytime during the contract period. My recommendation is that you...

Buying or Selling a Home: duplex, bathroom appliances, dear red
bathroom appliances, dear red, estate question: Dear Red, This is less a real estate question than an agreement of whatever you and your friend decide. If you were not going to share everything equally it should have been worked out when you first purchased the property and entered into the agreement....

Buying or Selling a Home: duplex, seperate utilities, parcel identification number
seperate utilities, parcel identification number, condo conversion: Hello Sheila, Since it is one PIN, you will attempt a condo conversion. You are taking a building with one pin and making it have multiple pins. You will need to verify that the city will allow you to make two pins out of it. There could be restrictions...

Buying or Selling a Home: duplex, bathroom appliances, maintenance expenses
bathroom appliances, maintenance expenses, mortgage payment: Hello Red, It would be easy to split everything down the middle if you didn t live there and had if for an investment. Since you both live there the odds that you both want to sell at the same time is very unlikely. There are many ways to split it. But...

Buying or Selling a Home: EARNEST MONEY NOT BEING RELEASED, perspective buyer, small claims court
perspective buyer, small claims court, storage fees: I got a better idea, Emory. Have her give you the entire $1,000 deposit and then sign a release to her allowing her to claim whatever she wants from the seller of the other house. She is going to have you sign a release anyway before she gives you a dime....

Buying or Selling a Home: Earnest Deposit refund, poor customer service, question pool
poor customer service, question pool, poor construction: I found your question in the question pool and I may be able to help you. Well this is hard to answer. You will need to read and review your contract. That contract is a legal binding contract, and it depends on what it says. You may want to see if there...

Buying or Selling a Home: Earnest Depost, mediation clauses, arbitration and mediation
mediation clauses, arbitration and mediation, shea homes: Hi Kenneth, Do you have copies of the documents you signed? I m very familiar with the purchase agreement, however I d like to know the wording in the receipt of deposit , which I have never heard of before. I m not sure why they would have you sign something...

Buying or Selling a Home: Earnest Money, landmark mortgage, coastal mortgage
landmark mortgage, coastal mortgage, fha loan: There are a 1000 ways to get out of a contract, Becky. Somewhere in your contract with her there is a clause that says that the purchase is subject to her being approved and funding the loan to buy the property. Since she was not approved, nor was she able...

Buying or Selling a Home: Earnest Money, two inch gap, privacy fencing
two inch gap, privacy fencing, privacy fence: Mike, Thanks for the additional information. Since you never received a copy of the covenants, I would think …and hope … that all your earnest money will be refunded if you are not allowed to put up the type privacy fencing you were told you could. ...

Buying or Selling a Home: Earnest Money, earnest money deposit, buyers remorse
earnest money deposit, buyers remorse, contract agreement: Dear Kimberly; You didn t say if the Sellers agreed and signed the contract. If they did then you are under contract and must now fulfill all of the terms of the contract. However, if the earnest money deposit was for the purpose of submitting the offer...

Buying or Selling a Home: Earnest Money, brick arch, contingency basis
brick arch, contingency basis, back porch: Dear Sandra: This ia basically a legal question, and I am not allowed to practice law without a license . However, the cost of seeing an attorney might be in excess of the deposit money and if you do not prevail, you may have to pay the attorney in addition...

Buying or Selling a Home: Getting Our Earnest Money Back, real estate contract, one million dollars
real estate contract, one million dollars, offer and compromise: Hello Dr. Linda and thank you for your question. While I am unaware of the laws concerning real estate in Georgia, It sure sounds to me as though the Seller knowingly committed fraud in misrepresenting their ability to produce clear title to the property....

Buying or Selling a Home: Earnest Money REfund, money refund, dear pete
money refund, dear pete, preapproval letter: Dear Pete: Without seeing your contract, I cannot give a strong statement. Also, it may be a legal matter, so I also cannot give you legal advice. What I will say, however, is that I do not think you were well represented. I agree that five hundred dollars...

Buying or Selling a Home: Earnest Money, addendums, mortgage payments
addendums, mortgage payments, mortgage payment: Dear Michael: I see no real actual damages other than emotionally. To go further, you should consult a real estate attorney. I am now worried, though, as to why you now want to start cancelling on an innocent Buyer who is in good faith purchasing your property?!?...

Buying or Selling a Home: Earnest money - buyer died before contract, earnest money, trust account
earnest money, trust account, rental agreement: This is a case for SUPER ATTORNEY. But seriously, Jason, this is something that should be handled by an estate attorney. That deposit your brother-in-law gave as part of a purchase is NOT the seller s until the property closes. It is still part of your...

Buying or Selling a Home: Earnest money when buyer pulls out of contract, contract question, breach of contract
contract question, breach of contract, loan agent: Hi Diane The contingency removal form would have been generated by your agent for the Buyers to sign. If you look in your purchase agreement, there is a section that discusses time periods. If the contract was left standard it gave the Buyers 17 days...

Buying or Selling a Home: Earnest money in California, pre approval letter, calification
pre approval letter, calification, qualification letter: Dear Justine: You seem to have had back luck and an inexperienced agent. Although the buyer has legal time limits in which to back out during the contingency periods, there are ways to make that harder. For example, in order for an offer to be presented...

Buying or Selling a Home: Earnest money dispute, earnest money deposit, small claims court
earnest money deposit, small claims court, money dispute: You can t have it both ways, Jessica. You either go to small claims court to retrieve your earnest money deposit and go look for another house. Or, you go engage a REAL ESTATE attorney to sue for specific performance. If you and the seller initialed the...

Buying or Selling a Home: Earnest money question......., money question, realty office
money question, realty office, money check: The earnest money check is usually made out to the escrow or title company that will be handling the transaction. If it is made out to the realty office, it is made out to that office s TRUST ACCOUNT. They, in turn, will submit it to the escrow or title company...

Buying or Selling a Home: Earnest money refund, poor customer service, money refund
poor customer service, money refund, poor construction: In real estate, Sebastian, never, never, never sign a contract, especially a builder s contract without having YOUR real estate attorney to read it and explain everything to you. As you can see by now, whatever fees you would have paid the attorney is worth...

Buying or Selling a Home: Earnest money, escrow period, earnest money
escrow period, earnest money, headaches: Hi Michelle, Is it legal? Yes. Is it ethical? Probably not. There s the problem. It may have been a rotten thing to do but there also may be nothing you can do about it. There are many ways for a buyer or a seller to cancel a contract during the escrow...

Buying or Selling a Home: Ease of adding an add'l home, kent county delaware, county planning board
kent county delaware, county planning board, tax ramifications: Denise, thank you for your question. I am terribly sorry but your answers require someone licensed to provide these answers as both have legal and tax ramifications which I am not permitted discuss. First I would consult your current tax preparor to...

Buying or Selling a Home: Easements, local governments, easement
local governments, easement, easements: Owning the land, Jim. Also, I recommend checking with the proper local government agencies to make sure you are permitted to do what you want to do. In some locations this is akin to making a lot split (off of your neighbor s land, of course) and they may...

Buying or Selling a Home: Economy effecting selling of houses, market swing, rehabbing houses
market swing, rehabbing houses, apreciation: Hello Sallie, From all the various economic forecasts I have heard about, professionals expect a slowdown in a still robust market. Certain areas with exceptionally high apreciation will have the highest chance of market swing and lower apreciation (Bubble...

Buying or Selling a Home: Economy effecting selling of houses, rehabbing houses, mortgage programs
rehabbing houses, mortgage programs, thanks in advance: Hi and thank you for your question! In my opinion I believe that factors such as gas will not effect the buying and selling market. (even in a time when we are sending men and women overseas, the housing market still increases) The only decrease I can imagine...

Buying or Selling a Home: Elderly Rights, elderly rights, old mama
elderly rights, old mama, eviction process: I will try to help, but like you said, I am not an attorney and this question is legal in nature. I cannot guarantee this answer, but from what I understand the only time you can t evict someone is if you are their legal guardian. Every state does the...

Buying or Selling a Home: Encroachment, neighbor permission, adverse possession
neighbor permission, adverse possession, public entities: Bonnie, There is a provision in the law called Adverse Possession which basically states that if a person uses another’s property by a hostile action, openly (meaning for all persons to see), exclusively, without permission, and for a continuous period...

Buying or Selling a Home: Entryway Improvements to Sell a Home, wrought iron balustrades, bedroom bungalow
wrought iron balustrades, bedroom bungalow, class neighborhood: Hi Ellen; Well you have me at a disadvantage not being able to see the house but with your excellent descriptions I think I can picture what you have now and what you want to achieve. The front door will be the best improvement since it will not only affect...

Buying or Selling a Home: Equity or not......., realtor fees, unfortunatley
realtor fees, unfortunatley, 529k: Hi Jen, You want to make sure you can afford your new home VA loan or otherwise. After you sell your current home, your best bet will be to sit down with a local loan officer and talk about your options. VA loans aren t always the answer, sometimes conventional...

Buying or Selling a Home: Equity, zillow, mortgage payments
zillow, mortgage payments, friedman: Dee, You can pay and have an appraisal done to determine the base value and equity, however, if you live in the U.S. it is likely the house has not appreciated in value. You can also determine how much of the payments went to pay off the principal...

Buying or Selling a Home: Equity Share or similar arrangement, propert tax, sf bay area
propert tax, sf bay area, equity share: First of all, Jason, your MI-L has to be on title with you if she is to be considered for any kind of tax deductions. I presume you will take care of that. The IRS will not allow any deductions for her if she is not on title. Since your MI-L does not occupy...

Buying or Selling a Home: Equity whoas......, realtor fees, 529k
realtor fees, 529k, couple questions: Hey, Jen. If you sell the house, then both loans will be paid off with the proceeds from the sale. That s just the way the system works. However, if you re current on your payments, and have good credit, you might be able to do 100% financing on the new...

Buying or Selling a Home: Errant listing, lengthy reply, home inspection
lengthy reply, home inspection, ramifications: Have you had your home inspection or did you just describe the home to the inspector? If you have not had a home inspection and there is a contingency in the agreement for one, it may not pass the inspection. Therefor, you could go back to the seller with...

Buying or Selling a Home: Escrow, loan escrow, escrow account
loan escrow, escrow account, escrow fee: Escrow is the process, not a fee. When you purchase a home, you go into escrow. That process is when your contract to purchase is accumulated with your loan documents, and inspections and certifications, the appraisal, and title documents are collected to...

Buying or Selling a Home: Ethics and law Question, law question, realitor
law question, realitor, code of ethics: Based on how you explained it, Michael, YOU BET there was something against the code of ethics! The listing agent MUST have disclosed that there is/was another offer, but they were continuing to show the property and soliciting offers subject to that first...

Buying or Selling a Home: Ethics and legal, reo specialist, hello bill
reo specialist, hello bill, prequal: Hello Bill, If you can prove that the Agent did not present your offer, yes, you may have a case. All offers must be presented to the Seller. In PA it is stated in the agreement of sale that until an offer is accepted by the seller an Agent must present...

Buying or Selling a Home: Ethics, board of realtors, tennessee board
board of realtors, tennessee board, pool table: Hello Renee and thank you for your question. Wow - what a mess!! Bottom line the Buyers agent failed in their duty; 1) to note the pool table in the items to convey 2) discuss the Home Inpsection with their client prior to writing the offer 3) not...

Buying or Selling a Home: EXCLUSIVE RIGHT TO SELL, divorce attorney, minnesota rules
divorce attorney, minnesota rules, arrangment: In any state, Brian, a listing agreement is not valid without ALL OWNERS signing it. If your name is still on title, then she needs your signature to verify what she has done. If she is a licensed real estate person, then she has to reimburse you for your...

Buying or Selling a Home: Exclusive contracts, mls agent, buyonwer
mls agent, buyonwer, buyowner: Heidi, I cannot provide you with legal advice because I am not licensed to practice law in Florida. However, I suggest you do a few things to help your situation. First, I would contact the Florida Department of Real Estate and submit a complaint that...

Buying or Selling a Home: Exclusive or Multiple RE Listing?, multiple listing service, multiple listings
multiple listing service, multiple listings, lares: They re both the same . . . usually. When you have an exclusive listing with a Realtor, he/she is a member of the multiple listing service. That office submits ALL of their exclusive listings to the MLS to which they are a member. So, automatically when...

Buying or Selling a Home: Exclusive Right to Represent Buyer agreement, buyer agreement, next issue
buyer agreement, next issue, persistence: Dear Laura; You are contractually obligated to that brokerage but can complain that you were not informed of the agency agreement and would like to go elsewhere. (I think that you said you already did that...but do it again! sometimes persistence gets you...

Buying or Selling a Home: Exclusive Right To Sell, northern virginia association, virginia association of realtors
northern virginia association, virginia association of realtors, contract ratification: Hello Joe and thank you for your question. I am dissapointed to hear that the firm you chose to work with did not provide you, as part of their listing presentation, a written, marketing program that details exactly what you get for your money. It...

Buying or Selling a Home: Exclusive Right to sell, waiting in the wings, s market
waiting in the wings, s market, taking a chance: Depends in what state you live, BB. For example, in Georgia the husband may buy and sell without permission from the wife. But in most states BOTH signatures are indeed required for a listing to be valid. You will find, also, BB, that most Realtors will...

Buying or Selling a Home: Getting earnest deposit back, santa clara county california, santa clara county
santa clara county california, santa clara county, black hole: Julia, I had previously answered this question but it may have fallen into some black hole. I suggest you look at your contract and if the contract called for a date in September then the seller is in default and you should be able to cancel and get your...

Buying or Selling a Home: earnest funds, dear jill, california buyers
dear jill, california buyers, getting a loan: Dear Jill, It really depends on what the contract reads. In California buyers can pretty much back out for any reason as long as they do it before they remove their contingencies. If the money has been sitting in escrow they can t release it until both...

Buying or Selling a Home: Getting earnest money back, earnest money deposit, condo seller
earnest money deposit, condo seller, two different things: Hello Krissy and thank you for your question. I am very sorry to hear of your troubles and hope I can provide you an answer that will help you sleep at night. When you wrote your contract with the builder, usually in their contract there is a section...

Buying or Selling a Home: Getting earnest money back, earnest money deposit, ready 1
earnest money deposit, ready 1, question thanks: Hi Mina- Thanks for your nice comments. I m not sure without seeing the contract but I would tell you to go ahead and notify the builder via certified mail that you expect your money back if they cannot deliver the house by the deadline and that you expect...

Buying or Selling a Home: Getting back earnest money, contingency period, better business bureau
contingency period, better business bureau, security improvements: Hi Sasha, Arbitration here in California is approx $1000-$1500 and it s free to let the Department of Real Estate know what s going on. You know, I m kind of a principle of the thing guy, so I would say that I would probably go for arbitration, but you...

Buying or Selling a Home: earnest money - Arizona - Builder's contract - long ;-), santa fe style, foot extension
santa fe style, foot extension, cul de sac: It can be very frustrating trying to resolve a situation from another state. If you have a contact, such as your friend who is an agent, then by all means ask for assistance. With the market being so slow, I doubt they do want to lose your business. The...

Buying or Selling a Home: earnest money/building new house, earnest money, deposit money
earnest money, deposit money, borrowing money: Hello Amanda and thank you for your question. Yes, you are at risk if you do this. Because the market is soft, I m sure the builder is willing to start your house, even with this contingency. I m sure you have picked a home and floorplan he feels that...

Buying or Selling a Home: earnest money and down payment, earnest money deposits, earnest money deposit
earnest money deposits, earnest money deposit, california contracts: I found the information on the homebuying.about.com/od/buyingahome/qt/EarnestMoney.htm. Earnest Money Deposits - Protect Your Good Faith Deposit From Elizabeth Weintraub, Your Guide to Home Buying / Selling. What is an Earnest Money Deposit? Buyers...

Buying or Selling a Home: earnest money, small claims courts, small claims court
small claims courts, small claims court, breach of contract: Pete, You need to talk to a local attorney about your options because everything will hinge on state law and the wording in your contract. I m not an attorney and this is not legal advice, but as a general rule, both parties have to sign the release for...

Buying or Selling a Home: earnestmoney, small claims court, adendum
small claims court, adendum, judge and jury: That agent is obviously new to the game. ALL moneys should be handled by and disbursed by a neutral third party, in most cases an escrow company, or title company or attorney. Period. The agent should not be, as you say, judge and jury. If you have lost...

Buying or Selling a Home: easement and CO, sewer company, foundation survey
sewer company, foundation survey, plot plan: Hi Stephanie, I am assuming you just purchased a NEW home. A title search will not necessarily disclose easements if they are not recorded. Surveys are the instrument that will disclose easements. Since sewer easements are required to be recorded,...

Buying or Selling a Home: easement, implied easement, jessica bryan
implied easement, jessica bryan, permision: Well that depends upon how long they have used the road with your implied permission. After a certain number of years, it becomes an easement simply because you never complained about it and stopped them from using it. You might need to check with a title...

Buying or Selling a Home: easements & right-of-ways, sanitary sewer line, easement
sanitary sewer line, easement, fire hydrant: There is no difference, Ben. In fact, the definition of a right-of-way is an easement over one property owner s land by another property owner, usually for a specific purpose or use and in some cases for a specific period of time. And based on what your deed...

Buying or Selling a Home: What are the easiest mortgages to get?, non conforming loans, matter what type
non conforming loans, matter what type, mortgage broker: Well that statement is an overstatment. All mortgages are easy if you easily qualify for them. No matter what type of mortgage, there are 3 qualifiers no matter what. 1.) Credit- score and what your credit is like good versus not so good. 2.) Debt...

Buying or Selling a Home: what to do with an empty room?, best case scenario, house plants
best case scenario, house plants, table and chairs: Hi Selena, Best case scenario, I would recommend staging this room as a bedroom. If you have an extra bed, you could simply dress it with white sheets and pillows. Or, if you don t have one - maybe someone you know has one in storage or perhaps a crib they...

Buying or Selling a Home: How can I enforce a signed contract?, lame excuse, lis pendens
lame excuse, lis pendens, specific performance: It is called specific performance, Gil. That is what an attorney must do for you. As part of asking for specific performance, he files that lis pendens. However, he usually doesn t do that until he has done some talking with the seller s attorney. Hopefully,...

Buying or Selling a Home: enviromental, dear sir or madam, store tank
dear sir or madam, store tank, soil testing: Hi Angela, Thanks for writing with your questions. I will address them individually. On your question: My main question is how can I prove that the tank(s) were/are not on the property that I am interested in? Since the current owner (a) Is assuring...

Buying or Selling a Home: equiity, washington state kent, zillow
washington state kent, zillow, bubbletracking: I m all the way across the country from you in Maryland so I m not familiar with market conditions in your town, but I was doing some research for you and found a blog where they are discussing your area of Kent, Washington and you may find the information...

Buying or Selling a Home: escrow, john hall, problem thanks
john hall, problem thanks, thanks john: Alexis: If you were to get a refund, then the check should have come to you. You need to check with the escropw closing statement and see where the $4000 went. If you are still not sure you need to talk with the manager of the escrow company, and/or...

Buying or Selling a Home: est taxes to be paid on sale of a condo, blessed day, closing costs
blessed day, closing costs, irs: Ok, in Maryland I am afraid I am not aware of all the charges a seller needs to pay as part of their settlement transaction. Even if you called in the contract for the buyer to cover all settlement charges, there may still be some that you as the seller are...

Buying or Selling a Home: How to establish a good Flip team, time home buyers, first time home buyers
time home buyers, first time home buyers, team thanks: Hi Mellody, You can follow the trends by reading financial journals, like Money.com, money.cnn.com, efinancialnews.com, etc. Regarding the loan. Your lender will only allow you to borrow as much as you can afford. Only a dishonest lender would put you into...

Buying or Selling a Home: estate home sale, mortgage balance, fair deal
mortgage balance, fair deal, bernstein: Dear James, I thought you were buying your sister out. That would include taking over the loan and turning ownership of the house over to you. If your sister still wants responsibility for the loan without any other ownership of the house that is up...

Buying or Selling a Home: how to evict a co ower after giving a judgement to sale property, clerk of the court, ower
clerk of the court, ower, judgement: Since this more of a legal problem than a real estate problem, I suggest you ask an attorney your question. You might be able to ask the clerk of the court in which you won the judgment. They may tell you what you must do or they may tell you to talk to an...

Buying or Selling a Home: evicting tenants, evicting tenants, eviction process
evicting tenants, eviction process, legal channels: Hello Harry and thank you for your question. I m sorry to hear of your Mother s plight and do not have good news that her tribulations will end soon. Bottom line is that she may need to contact an attorney in the area to assist her. The tenants more...

Buying or Selling a Home: eviction, hello spring, rental contract
hello spring, rental contract, buying a house: Hello Spring, If the renters do not have a current rental contract in force, then you will start by talking to them and finding out what their plans are. Talk to your seller and see if you can get them to handle this. Definitely your attorney can try to...

Buying or Selling a Home: existing mortgage/construction loan, permanent mortgage, original mortgage
permanent mortgage, original mortgage, equity position: Hi Cynthia, You will still owe the amount due on the original mortgage. But you may be able to get a construction loan that pays off that mortgage and can then be rolled into a new permanent mortgage for a newly built home IF you have enough of an equity...

Buying or Selling a Home: extended home warranty offers, electrical plumbing, home warranty
electrical plumbing, home warranty, extended warranty: Hello Mike, I m sure your builder has more than one year warrantee on structural, electrical, plumbing and other major components of the home. Unless you think there is something about your home that might need repair, I probably wouldn t do it. Of course...

Buying or Selling a Home: extended home warranty offers, professional inspector, home warranty
professional inspector, home warranty, apce: OK. In general they are not worth buying in my opinion. There is too much language and too many exclusions as to why something would or would not be covered. I do not buy warranties on electronics and I would likely not buy one on a home. They are just...

Buying or Selling a Home: extended home warranty's, appliance warranties, heating and air conditioning
appliance warranties, heating and air conditioning, home warranty: Most, or at least many, are likely rip offs. You d have to see exactly what they cover, or, more importantly, what they exclude, and then what their deductible is and what the limits are. There are many types, including appliance warranties which typically...

Buying or Selling a Home: extended home warranty's, home warranty, extended warranty
home warranty, extended warranty, heat air: Mike, Is this warranty on things like appliances, Heat/Air? If so and it costs about $300 this is unnecessary for a new home which is unlikely to have anything go wrong for many years. If it is a structural warranty, I would have to know more about it. Judi...

Buying or Selling a Home: extended home warranty's, warranty inspections, builders warranty
warranty inspections, builders warranty, wallet card: Hi Mike, They are only rip offs if you pick the wrong Inspection Company. My company routinely performs 1 year end of builders warranty inspections. You ll want to make sure that the inspector you pick is code certified for the area that you re in. Many...

Buying or Selling a Home: extended home warranty, best buy store, extended warrantee
best buy store, extended warrantee, home warranty: Mike, I ask the same thing when I am at a Best Buy store or similar store. Do you want an extended warrantee? In most cases, no. Much of this is a matter of how secure you feel. It s a form of insurance, Mike. If something breaks down and insurance...

Buying or Selling a Home: Facilitator instead of seller or buyer agent. Dual agency?, residential property disclosure, tennessee real estate commission
residential property disclosure, tennessee real estate commission, disclosure act: Hi Virginia, I am quoting below language from the Tennessee Real Estate Commission site --http://tennessee.gov/commerce/boards/trec/rulesandlaws.html/66/66-5-210.htm -- regarding disclosure on residential property (you can go to this site and view the...

Buying or Selling a Home: Failure to Disclose Remodeling/Additon of a Bldg without Permit, tallahassee fl, additon
tallahassee fl, additon, variance: Hi Esther, Wow, what a dilemma. Sorry to hear of your problem I am assuming from your writing that the previous owner you purchased your property from is the owner who made the changes which never went to a final inspection. If not, then you probably...

Buying or Selling a Home: Failure to Disclose Water Leakage Problem, sara sara, water leakage
sara sara, water leakage, spds: Sara, There are a few things you can do. Look and see if there was a SPDS describing all defects. If there was no mention of a leak, you may have recourse against the previous owner (seller). You also have potential recourse if you paid for a home...

Buying or Selling a Home: Failure to Disclose, physical improvements, resale package
physical improvements, resale package, association documents: Hello Ronda and thank you for your question. While I am not aware of the laws of your state, I will answer your question based upon my Virginia understanding. When a person contracts to purchase a property that is governed either by an HOA or Condo Association,...

Buying or Selling a Home: Failure to disclose/negligence, water treatment company, water treatment system
water treatment company, water treatment system, sellers place: Hi Nancy, Wow! I am so sorry to hear of your dilemma. First of all, I would turn into a combination pit bull/rotweiller breed dog and sink my teeth in very deep. If the house was represented to you as having a functioning well (or one that could easily...

Buying or Selling a Home: Falsifying disclosure statements, hurricane flloyd, floyd flood
hurricane flloyd, floyd flood, intentional misrepresentation: Hi Maureen, So sorry to hear what you have just discovered. The long and short of what you are describing is nothing short of fraud, which is INTENTIONAL misrepresentation. Following is a link to a site that will give you general info on disclosure:...

Buying or Selling a Home: Familly plans to invest 20% on my first home- HELP!, homestead tax deduction, ok credit
homestead tax deduction, ok credit, intrest rates: The first thing I would do would be to go to a real estate attorney and tell him/her exactly what you want and make sure your sister and husband are there, too. You want to make sure that everybody understands what us going down. Don t you dare to try to put...

Buying or Selling a Home: Family Investing in our first home.-very long questions, homestead tax deduction, ok credit
homestead tax deduction, ok credit, intrest rates: Thanks Anne for your question and congratulations on this new chapter in your family s life. Your question is a bit of a tough one. On questions (1) - If your sister is going to be carrying the mortgage then she will be entitled to the associated tax deductions...

Buying or Selling a Home: Family Owned Home, death mother, luck jim
death mother, luck jim, confusing situation: Kristen--yes, this is a sticky one Your Mom needs to connect with an Attorney who specializes in Estate Matters and/or Real Estate Issues and get his/her legal advice/opinion on this scenario! Without a will, Estates that have any assets, such as a...

Buying or Selling a Home: Family Trust, family trust, dependents
family trust, dependents, aol: Yes, Walt, a trust is set up just as you choose. With the names of the trustees and their successors. There is no point in my going over it. You should go talk to an estate attorney that will form a family trust for you. This is the ONLY way it should be done...

Buying or Selling a Home: Family Trust, rights of survivorship, family trust
rights of survivorship, family trust, joint tenants: not only will the trust protect the house but how the title is held will be important; joint tenants and tenants in common. joint tenancy is for rights of survivorship. if there is a guaranteed way to pay the taxes and the house is debt free, you can...

Buying or Selling a Home: Faulty plumbing in home purchase, faulty plumbing, small claims court
faulty plumbing, small claims court, laundry room: Hi Rhonda, I am guessing that your sister had an ispection done during the escrow process. Did the inspector pick up on any plumbing issues. If this was an ongoing issue with the sellers it should certainly have been a disclosure issue. If your sister...

Buying or Selling a Home: Fences, privacy fencing, wood planks
privacy fencing, wood planks, wood fencing: Hi Scharlene, While privacy fencing might add “some” value to a home, it will certainly add security and privacy as you pointed out. Not knowing (1) The area your home is in, (2) what comparable homes in your neighborhood might have in the way of privacy...

Buying or Selling a Home: FHA growing equity and graduated payment mortgages, graduated payment mortgage, good faith estimate
graduated payment mortgage, good faith estimate, fha loans: It is tough for me to answer interest rate questions as each lender has their own guidelines! Rates are NOT set by HUD, but by the rate at which the individual lender can buy his money. And each day they send out their own rate sheets to their employees...

Buying or Selling a Home: FHA inspections, hair line fracture, foundation repair company
hair line fracture, foundation repair company, fha inspections: Hi Lea, This is a tough call because these types of cracks are generally left up to the Inspectors judgement. Two different inspectors may or may not call the crack into question. For example, one may only see the crack and say nothing is wrong with...

Buying or Selling a Home: FHA loan and Co-borrower, fha guidelines, excellent credit score
fha guidelines, excellent credit score, fha loan: Hi Liz, Without looking at a complete loan package, I can t say for sure that your boyfriend can get a loan with a co borrower, especially according to FHA guidelines. But it is definitely possible for someone, who would normally not qualify otherwise,...

Buying or Selling a Home: FIRING A AGENT, selling a property, prospective buyer
selling a property, prospective buyer, relator: That can depend on several factors. Sometimes the situation is addressed by legal statutes, but mostly it s addressed by the type of contract you signed with the Realtor. Let s use a six-month exclusive contract as an example. Many such contracts have a fine-print...

Buying or Selling a Home: FIRST HOUSE, fha mortgages, fha loan
fha mortgages, fha loan, estate purposes: Hi Rose, Thank you for the questions. You have a very nice goal to aim for. This is a bit more of a legal question for an attorney, but let me try to start you in the right direction. Yes, upi can both be on the deed as owners. You may want to...

Buying or Selling a Home: Financial strategy, positive cash flow, personal mortgage
positive cash flow, personal mortgage, setting up a trust: Thanks Rob for your question. You have several items in this so I will do my best to walk through each. 1. The property with very little cost can be deeded into a trust. This can be accomplished by any experienced real estate investment lawyer. I would consult...

Buying or Selling a Home: Financing my first house, boca raton florida, state mortgage
boca raton florida, state mortgage, president state: The only reason to not put the money down towards your home is if you can find another investment vehicle for that money. When you put the money down, not only are you obtaining a lower monthly payment and less interest, but you are investing in your own...

Buying or Selling a Home: Financing a home, fha mortgage, time home buyer
fha mortgage, time home buyer, first time home buyer: There are so many options available to you in your situation. 1) The FHA mortgage program is very lenient on credit history provided he can prove that he is currently working and has made his rent payments on time for the past 12 months. This program...

Buying or Selling a Home: Financing, jessica bryan, loan lenders
jessica bryan, loan lenders, current mortgage: Hello Garry; When buying a home the appraisal is for amount that the home is worth. The lender then agrees to make the loan for the amount requested based on the value of the home. So, for example if you ask for a 100 percent loan on a home that is $200,000...

Buying or Selling a Home: Finder's Fee, referral fees, referral fee
referral fees, referral fee, real estate license: In GA, a licensed agent cannot pay a non licensed person to perform real estate transaction business, including referral fees. Additionally, I don t think any one can receive a fee for finding a buyer for a house unless they have a GA real estate license...

Buying or Selling a Home: Finders Fees, dc metro area, sterling flatware
dc metro area, sterling flatware, unlicensed person: Hello Elizabeth that you for your question. As far as REALTORS are concerned we are simply not allowed to compensate anyone who is not a licencee. The IRS has limited RELTORS from giving giftes that value in excess of 25.00. There is no allowable finders...

Buying or Selling a Home: Finding a Buyers Broker, buffalo ny area, hud properties
buffalo ny area, hud properties, hud homes: Hello MIguel and thank you for your question. I don t know the NY market however HUD homes require an agent who has been through a specif class offered by the government to certify an agent to work these type of deals. All transactions are done via the...

Buying or Selling a Home: Finding a Good Agent, lease purchase option, specialist designations
lease purchase option, specialist designations, acupuncture clinic: Hello again Michael. First you need to determine by contacting the county zoning office if the home you plan to buy is in an area that will allow you to run a business out of. Second, if you plan to purchase without an realtor, you must engage a real...

Buying or Selling a Home: Finding a Good Agent, lease purchase option, ccim designation
lease purchase option, ccim designation, acupuncture clinic: Mike, A bad realtor is very subjective. It all depends on your point of view. Whether you need an agent depends on how well you know the area, how well you know prices, how well you can negotiate, and how much you know about zoning laws? In your case,...

Buying or Selling a Home: Finding a Good Agent, lease purchase option, acupuncture clinic
lease purchase option, acupuncture clinic, licensed acupuncturist: Michael: There is really no way to tell if an agent is good or not until they actually do work for you. The best way to make sure your get a good agent is to ask for referrals from friends and family who have recently worked with a Realtor. I also...

Buying or Selling a Home: Finding a Good Agent, lease purchase option, acupuncture clinic
lease purchase option, acupuncture clinic, licensed acupuncturist: Whether an agent is good or bad depends on what you re expecting from an agent. If you expect him to sell your home in 2 weeks & he doesn t then you would consider him a bad agent. If you want to buy a Lease Option, you have better chances of dealing...

Buying or Selling a Home: Finding a Good Agent, lease purchase option, acupuncture clinic
lease purchase option, acupuncture clinic, licensed acupuncturist: Dear Michael: To find a good agent you should contact three different companies that do business in the area in which you would like to move. Tell the manager of each of the offices what you would like to accomplish, and to have the manager recommend...

Buying or Selling a Home: Finished Basement?, concrete block walls, concrete block wall
concrete block walls, concrete block wall, jessica bryan: Dear Andy; A finished basement requires fully closed in spaces--no exposed areas. That means the ceiling needs to be in. It also needs heating and (if the rest of the home has it) air conditioning. Is there insulation? If not, then it probably doesn t...

Buying or Selling a Home: Finished basements, owens corning basement system, owens corning basement
owens corning basement system, owens corning basement, finished basements: Hard surface is acceptable in a basement but for full value to be given for appraisal purposes, a carpet or other approved floor surface should be installed. If you are in doubt how the appraiser will view the room, find out who the appraiser is and call him/her...

Buying or Selling a Home: Finished walk-out basement, jessica bryan, mls listings
jessica bryan, mls listings, basement area: Dear James; I know that things are slightly different in various areas, but I can t think of any MLS that doesn t allow finished heated and cooled space to be counted in the square footage. As long as this area is functionally useful and livable as well...

Buying or Selling a Home: Firing an agent, days before christmas, voice mail
days before christmas, voice mail, earnest money: Dear Margaret; Yes...depending upon the Buyer s Agency Agreement it is possible that the Buyer might be responsible to pay a fee to the agent. Different agreements are worded differently so I can t speak to all of them, but an agent who finds a property...

Buying or Selling a Home: Firing a buyer's agent, buyer agreement, foley
buyer agreement, foley, first house: Dear Jennifer: Congratulations for having the personal responsibility to do what it moral. You do not have any accountability to your first agent you met on line, but you should give her the courtesy of telling her that you are presently working exclusively...

Buying or Selling a Home: Firing my (buyers) agent while in escrow, custom spec, procuring cause
custom spec, procuring cause, time ray: In real estate there is what they call, the procuring cause, Ray. Unfortunately, SHE IS the one who introduced you and took the offer to purchase to the seller. That is the procuring cause. I don t think there is a court in the land that would deny her the...

Buying or Selling a Home: Firing a Real Estate Agent, go getter, office broker
go getter, office broker, home warranty: Sheila, It is unfortunate that you are having issues like this from your current realtor. My suggestion to you is to call her and tell her that you are going a different route. Keep it short and simple. Also, tell her that you want a release signed by...

Buying or Selling a Home: Firing a real estate agent, brokerage agreement, buyer brokerage
brokerage agreement, buyer brokerage, sole proprietor: Ray, You still did not tell me which state you are in... When you hired this Realtor to sell your house that transactional relationship ended upon the settlement of that property. If you engaged the same to work with you to find a replacement home by signing...

Buying or Selling a Home: Firing your realtor (buyer), realtor buyer, last nite
realtor buyer, last nite, well thanks: You might want to go to the local Board of Realtors and ask to speak to the person who takes care of complaints by consumers. If he has really been bad, you might even bring your complaint to the State Dept. of Real Estate. Take care. Dick Denni...

Buying or Selling a Home: Firing your realtor, appriasal, board of realtors
appriasal, board of realtors, broker manager: Hello Trish. I am so very sorry to respond so late, I have been out of town and evidentially did not set my vacation date in the system. I hope this is not too late to be of any help. At this point I would contact this agents principal broker / manager...

Buying or Selling a Home: First home, judie, open houses
judie, open houses, realtor: James, Call a local lender, you might start with your bank, and make an appointment to get prequalified for a loan. There is no charge for this. If you have credit issues, call a broker rather than a bank. Armed with this info, start to read the Sunday...

Buying or Selling a Home: First home, roswell area, indepth knowledge
roswell area, indepth knowledge, north fulton: Hello Josh, First, let me appologize for not responding quick enough. i was away on business all this week. Congratulations on taking the first steps in home ownership. I m sure by now you have researched and found out the advantages of home ownership....

Buying or Selling a Home: First home?, first time homebuyers, competent realtor
first time homebuyers, competent realtor, first home buyers: Hi, You should first go to a lender and get pre-approved for the amount that you can afford. It would be terrible to find the house of your dreams and then find out you don t qualify for the amount. So first get your loan approved, then look for a Realtor....

Buying or Selling a Home: First Offers, time home buyers, first time home buyers
time home buyers, first time home buyers, rule of thumb: Ordinarily, Katie, your Realtor should be advising you as to what is a valid offer where you might not offend the seller. If you are not represented by a Realtor, then you should be checking the valuation of similar properties of those that have SOLD. Never...

Buying or Selling a Home: First Time Buyer with Budget, first time buyer, viable candidate
first time buyer, viable candidate, sacramento county: Dear Peter: What do you mean by the statement that your buying power is not too great? If it means that your credit is not too great, that may well mean that you will find it difficult (if at all) to obtain a loan, especially a loan with 0% down payment....

Buying or Selling a Home: First Time Buyer Out of College, first time buyer, first time buyers
first time buyer, first time buyers, sunday afternoons: Jeremy, You are ready for your next twofold step!! First, make an appointment with a lender. This will be free as they do this to try to get your business. Lay our for him/her your financial situation; income and debt and they will tell you about any programs...

Buying or Selling a Home: First Time Buyer Out of College, first time homebuyer, first time buyer
first time homebuyer, first time buyer, fha loan: Hello Jeremy, Congratultions on your upcomming graduation. A first time homebuyer has many options these days for home-ownership. First off: Save, save and save your money. Second: Ask for a referral of a good mortage lender from someone you trust. Ask...

Buying or Selling a Home: First Time Buyer Out of College, first time buyer, jessica bryan
first time buyer, jessica bryan, fha loan: Dear Jeremy; I agree that renting is just throwing money away and one should only do it under the most dire circumstances. The first thing you should do is visit a mortgage lender and find out what kind of mortgage you can afford. This is based on your...

Buying or Selling a Home: First Time Buyer Contract, pre approval letter, first time buyer
pre approval letter, first time buyer, preapproval letter: Ericka, The bank gave you a preapproval letter based on what you told them. They do not check your story at that point. If all you told them is true, then you should not have any trouble with the loan. For example, they will check with your employer to see...

Buying or Selling a Home: First Time Buyer -- again?, first time buyer program, first time buyer
first time buyer program, first time buyer, legal definitions: Hi Jennifer, Thank you for your great question. The first time buyer program is a Federal program under Fanniemae. If you have excellent credit you can get a very good interest rate anyway. Good luck with your purchase. If you need help in Westchester...

Buying or Selling a Home: First Time Buyers in Orange County, CA, pre approval letter, orange county ca
pre approval letter, orange county ca, century 21 beachside: Lisa, I am a Realtor in Orange County and would welcome the opportunity to help you go over your options. Rates have never been this low before, but inventory is short. There are a lot of different loan options and I can arrange for you to find out...

Buying or Selling a Home: First Time Home Buyer, time home buyer, first time home buyer
time home buyer, first time home buyer, state mortgage: Your credit scores are great! 650 is nothing to sneeze at. You should have no problem finding 100% financing. At the very least you can find 98% financing for the purchase of a home in the price range you are looking in. Good luck. Stop Renting! Go...

Buying or Selling a Home: First Time Home Buyer, first time buyers, time home buyer
first time buyers, time home buyer, first time buyer: Patrick: Congratulations on your decision to become a home owner. The first step I would suggest is for you to decide how much per month you would feel comfortable with in making a house payment. There are many different financing plans available, and...

Buying or Selling a Home: First Time Home Buyers, time home buyers, first time home buyers
time home buyers, first time home buyers, time rates: Dear Misty: I don t know what town you are in or I could suggest someone maybe. Most reputable mortgage companies over first time rates with no money down. Shop around for a rate and don t give them your social til you know that is the one you are going to...

Buying or Selling a Home: First Time Homebuyer's advice needed, fha loan, savings bonds
fha loan, savings bonds, accurate answer: Dear Jeff; I applaud you for your insightful question. It is good to know that you are planning ahead. Based on the information you have given me I estimate that your monthly income is a little over $5,000 per month. A lender will use a ratio when figuring...

Buying or Selling a Home: First Time Homebuying, time home buyer, first time home buyer
time home buyer, first time home buyer, risk situation: James, Most lenders will not allow the downpayment to be borrowed because it puts the borrower in a no risk situation if she does not make payments, and the bak at too much risk. Not knowing the age of your mother, you might try contacting a lender, to see...

Buying or Selling a Home: First Time Investor, first time investor, hud properties
first time investor, hud properties, sheetz: Dawn, It is definitley possible to buy homes without any money or credit. I offer personal 1 on 1 training. I go to students city for 4 days & work with him personally. I make phone calls, negotiate & arrange to see homes. I charge $2,400 for 4 days....

Buying or Selling a Home: First Time, first time buyers, multiple listing service
first time buyers, multiple listing service, what is escrow: Dear Kolece; You have asked many important questions which, taken one at a time I could answer in depth but altogether would take a book to explain. In fact, I have written a book on the most often asked questions in real estate. You might be interested...

Buying or Selling a Home: First Timer, first timer, judie
first timer, judie, sunday paper: Andrew, Call a lender, anyone will do, it will be free as they will be trying to eventually get your business. Find out how much you qualify for and then armed with that info, don t call a Realtor yet!! Look in the Sunday paper for open houses in areas that...

Buying or Selling a Home: First time buyer, first time buyer, small apartment
first time buyer, small apartment, interest only loans: Dear Fabian, Yes, it is a sellers market right now but who knows when anything will change and there are more advantages to owning a home (taxes, appreciation etc.) than not. Nobody really knows what the future holds re: interest rates but many feel that...

Buying or Selling a Home: First time buyer, first time buyer, foreclosure listings
first time buyer, foreclosure listings, michael dear: Dear Michael; Buying a foreclosure (not a pre-foreclosure)is the best bargain because usually the bank is eager to get the home off their hands and will sell it at a loss. A pre-foreclosure is not as good a deal because there are creditors to pay off and...

Buying or Selling a Home: First time buyer..., construction proceeds, septic system cost
construction proceeds, septic system cost, first time buyer: Hi Mike, It sounds like you have to financing planned out. Having a modular home built and delivered to your foundation is a practical way to build your first home and keep costs as low and certain as possible. Modular is built indoors and the weather...

Buying or Selling a Home: First time buying/Buying With no credit, office job, income loan
office job, income loan, secured credit card: Shauna, Concentrate on building your credit. Ask your bank for a secured credit card, apply at wal-mart for a credit card at the electronics section. You can then apply for a stated income loan. This means you don t need to prove your income. Another...

Buying or Selling a Home: First time HB's - Inspection question...., utmost caution, structural engineer
utmost caution, structural engineer, judie: I would not only strongly suggest but URGE you to have a structural engineer inspect this property! Of course that would be at your expense. You then need to determine how much it will cost to make the repairs to have this problem COMPLETELY solved! At that...

Buying or Selling a Home: First-time Home Buyers, time home buyers, first time home buyers
time home buyers, first time home buyers, judie: Aaron, I guess I should put this in a word document for the many times I get asked this question!! First, you call your bank and ask for a prequalification appointment.They may be able to do this over the phone. Get the results in writing. This will be...

Buying or Selling a Home: First time home buyer, first time buyer home loan, first time buyer
first time buyer home loan, first time buyer, first time buyers: Dear Brad, This question should be directed to a lender on this site. that person can tell you about the various loans available for first time buyers. Once you get the info you need you should get preapproved for a loan and then can start the homehunting...

Buying or Selling a Home: First time home buyer, government programs for first time home buyers, jessica bryan
government programs for first time home buyers, jessica bryan, time home buyers: Hello; The government programs for first time home buyers vary from city to city and state to state. The last time I researched this (about 8 months ago) it was only available to people buying in cities with a certain population. You will need to get on...

Buying or Selling a Home: First time home buyer, county monies, time home buyers
county monies, time home buyers, time home buyer: Hi Eric, Sometimes there are local (city or county) monies available for first time homebuyers. Check with a local real estate agent in the city you would like to buy in and ask what is available. There are also loans available for the first time homebuyer...

Buying or Selling a Home: First time home buyer questions, morage, time home buyer
morage, time home buyer, first time home buyer: Dear Tara; When you buy a house the first thing to do is to visit with a mortgage lender who will discuss the options for you. A lender usually pre-qualifies you for a certain amount of money which the lending institution will loan. The rule of thumb is...

Buying or Selling a Home: First time home buyer, first time investor, st petersburg florida
first time investor, st petersburg florida, part time jobs: Todd, What would you say to your friend who said that he wanted to to buy a three piece casual suit that s washable for under $100!! That s about what you ask but there is a slight possibility that it is doable. I think the duplex idea for your situation...

Buying or Selling a Home: First time homebuyers general advice, first time homebuyers programs, fha mortgage
first time homebuyers programs, fha mortgage, savings bonds: You indicated that you do not want to do 100% financing. Why? With your excellent credit and income amount you can easily qualify for maximum financing. I would recommend an FHA mortgage program for you. All you need to put down is 2.25% of the purchase...

Buying or Selling a Home: First time homebuyers, first time homebuyer, mobile home park
first time homebuyer, mobile home park, 1st time home buyers: Yes you will qualify for first time home buyers programs if you have been living in a mobile home in a mobile home park. You technically do not own real estate. To be honest with you, being a first time homebuyer does not get you any better programs than...

Buying or Selling a Home: First time house buyer, time buyer programs, morgage insurance
time buyer programs, morgage insurance, first time buyer programs: Dear Pervez; Your son will need to talk to a lender to find out if there are any first time buyer programs available to him. Usually these are for low income first time buyers who don t have 20% down. I don t know of any special programs or concessions...

Buying or Selling a Home: First time selling a house, realtor fees, multiple listing service
realtor fees, multiple listing service, military transfer: Dear Selena; The process of selling a house can be a little stressful so it is important to work with an agent with whom you feel very comfortable. If the agent who sold you the house is one like that then by all means use that agent again. However, if you...

Buying or Selling a Home: Fishing Expedition about Mobile Homes, fishing expedition, lake geneva
fishing expedition, lake geneva, wisconsin border: Amy - I m afraid I can t help much. The rules regarding mobile homes are different in every state. In Nevada, as a licensed realtor, I can sell as long as its been affixed, but if not, it takes a special license to sell it as a manufactured home. In Arizona,...

Buying or Selling a Home: Flippers, tax profits, virtual broker
tax profits, virtual broker, appreciation rates: Hey Bill... Well this is a great question. Mamy people talk about thi but few do it successfully. Start with knowing the market you are buying in. Knoe the appreciation rates and trends etc... Secondly what makes a good property to flip? If...

Buying or Selling a Home: Flipping Houses, flipping houses, real estate license
flipping houses, real estate license, buyers agent: No.... For Sale By Owners do it all the time. Be prepared however to pay a commission to an agent if he/she brings someone to your house. The going rate is 2.4%. Also, you can pay to put your house on the MLS. This might be a good idea so your property gets...

Buying or Selling a Home: Flipping Houses, hard money lender, coach mentor
hard money lender, coach mentor, flipping houses: You can find homes to fix by driving around your city & look for vacant homes & try to locate the owners. You can also look for a HUD agent. They sell government foreclosed homes at a deep discount. You can get no money down deals by finding a hard...

Buying or Selling a Home: Flood Damage, flood damage, moisture problem
flood damage, moisture problem, window wells: Hey, Candis. A basement by its very definition of being below ground is subject to flooding through not only the windows, but also through the walls since concrete is porous. Your home inspector was correct in mentioning the moisture problem. However, if...

Buying or Selling a Home: Flood insurance at time of closing, flood search, flood zone
flood search, flood zone, army corps of engineers: Dear Allan, Thank you for your question. Somebody made a mistake. When you apply for your mortgage the bank will order a flood zone search which is found on maps prepared by the army corps of engineers. The bank won t let you close without insurance...

Buying or Selling a Home: Florida Real Estate, multiple listing services, college areas
multiple listing services, college areas, warm weather: Judy, Did you ever follow through with this? Judie I think you came to the right place with this question!! I was a teacher in VA for 30 years before retiring here six years ago!! I was also a part time Realtor in VA for 15 years while...

Buying or Selling a Home: Florida, joint tenancy, joint tenants
joint tenancy, joint tenants, real estate in florida: Hi Moya, Joint tenancy has several elements for ownership, and ALL elements for joint tenancy must be met at the same time – and this includes the creation of joint tenancy. For two Joint Tenants to add a third person and REMAIN in Joint Tenancy, everyone...

Buying or Selling a Home: FORECLOSURE, phoenix market, should i file bankruptcy
phoenix market, should i file bankruptcy, evicting tenants: Rhonda, I am going to answer your questions as best I can without giving you legal advice because I am not your attorney. If you sell your home to your husband, it can be construed to be a fraudulent transfer and might be rescinded since it is not an...

Buying or Selling a Home: FORECLOSURE, buying forclosed homes, septic inspection
buying forclosed homes, septic inspection, red flags: Well the first thing I would do is to have a 2 good contractors come through the house with you to give you quotes on what they feel need to be done to make sure it is a stable house , foundation, roof, walls, heating, electric, plumbing etc. The necessities.,...

Buying or Selling a Home: Follow-up, foley, verbal abuse
foley, verbal abuse, proceeds: Dear Gerry: Thank you so much for giving me this update! I had wondered and worried about what was going to happen. I think you are indeed home free in more ways than one, and you probably will not hear from your friend again. I am sorry that you...

Buying or Selling a Home: Forclusure, Contract for deed, mortgage foreclosure, state of montana
mortgage foreclosure, state of montana, equitable title: As long as you are engaging a REAL ESTATE attorney, I will merely gloss over what needs to be done. Every state treats a contract for deed differently. Some call it a land contract. In any case, as you found out already, you still own the property while hopefully...

Buying or Selling a Home: Foreclosed/abondoned homes for sale in NYC, brooklyn queens, preferrably
brooklyn queens, preferrably, reos: Since you haven t asked me a question, I will tell you what I would do here in California. If I expect the property is going to be repossessed by the county/state for lack of paying taxes, then I keep my eye open in the legal section of the newspapers. They...

Buying or Selling a Home: Foreclosure, mobile home lenders, foreclosed homes
mobile home lenders, foreclosed homes, repos: If you are talking about mobile homes, I can offer some suggestions. I know what you mean about the scams, as I look for leads in my area through the Net., and have wasted a lot of effort. Let me know what area you are interested in,i.e., state and city....

Buying or Selling a Home: Foreclosure, government forclosures, market investors
government forclosures, market investors, government site: Hello thomas and thank you for an excellant question. The best way you find a government forclosed home is to look at the government site www.hud.gov Go to the section titled AT YOUR SERVICE and click on Buy a HUD home You will discover that you...

Buying or Selling a Home: Foreclosure, hud repos, local realtors
hud repos, local realtors, foreclosed homes: Most banks dont really have a specific listing of homes they forclosed upon, they just hand that work over to their attorneys to handle. But here are my suggestions. 1.) foreclosures are listed in the newspapers, if you see a transfer of a home from...

Buying or Selling a Home: Foreclosure, forclosure, foreclosure
forclosure, foreclosure, divorce: Very simply, Glenn, yes. I don t know where you re located, but you should have a pretty good choice for lots of houses that have been or are in foreclosure. Look around. Investigate. You may find a better deal for your money. I do wish you well. Dick Dennis...

Buying or Selling a Home: Foreclosure Auction question, court house steps, foreclosure procedure
court house steps, foreclosure procedure, foreclosure auction: Glad you re bidding in California, Sarah. Here in CA, the foreclosure procedure is different from all other states. You should make the cashier s check payable to the Trustee (most likely the company for whom the auctioneer is working for) or cash or yourself....

Buying or Selling a Home: Foreclosure auctions in Houston,TX, foreclosure auctions, foreclosure auction
foreclosure auctions, foreclosure auction, s market: You will be in the same market with the foreclosure as with any other home. Only you won t know what is wrong with the home. You would be better off to buy a home that you would know the background on. If you are buying a home that is priced what it is worth...

Buying or Selling a Home: Foreclosure Buying, realtytrac, sherif
realtytrac, sherif, internet website: Depending on the state laws differ. You can deal directly with the bank, But you state that there are some in process where the bank owns them. If the bank owns them then the foreclosure process is complete, and the homeowners are out of th home. If you are...

Buying or Selling a Home: Foreclosure & liens, redemption period, deficiency judgment
redemption period, deficiency judgment, predominant method: In Washington State, Steve, the lien is called a mortgage. The predominant method of foreclosure is judicial. That means the foreclosure is controlled by a judge somewhere. The owner of the property may stay in the house for up to 12 months during the redemption...

Buying or Selling a Home: Foreclosure / Possession, sheriff auction, mortgage broker
sheriff auction, mortgage broker, home appraisal: See if your lender will accept a drive by appraisal. On when you can aske the owners to leave depends on your State laws. Locally here the owners 8 days after the Sheriff Auction they owners are served with a 30 day vacate notice with the right to repay...

Buying or Selling a Home: Foreclosure sale, foreclosure auction, mortgage holder
foreclosure auction, mortgage holder, period property: If you are the winning bid at the foreclosure auction, CJ, you get the property free and clear (unless you put your own new loan on it) except property taxes. Period. Property taxes are ALWAYS the first lien. The mortgage holder is usually the next lien. As...

Buying or Selling a Home: Foreclosure, notice of default, pric
notice of default, pric, title company: Ok... well the public records will likely show if a Notice of Default has been issued. Beyond that you can see if the taxes are way behind etc and you can usually find out who the lender is. You may wish to pay a title company for this data. Having...

Buying or Selling a Home: Foreclosures, free trial period, foreclosure specialist
free trial period, foreclosure specialist, home specialists: April, As a foreclosure specialist I can tell you that one of the first places to look is a fee based website. For about $28 a month you can have access to bankowned properties in your state. And you get a seven day free trial period. http://www.foreclosurefreesearch.com...

Buying or Selling a Home: Foreclosures and Probated Property, bottom line question, foreclosure market
bottom line question, foreclosure market, plethra: Ron, I have found that a lot depends on the area you are in. An area that has a plethra of foreclosures is not the best area to buy one in. This usually means that the area has suddenly becone depressed and resale will not be quick or easy. My observance...

Buying or Selling a Home: Foreclosures, minimum downpayment, fha loans
minimum downpayment, fha loans, hud property: you can look at lisacareyrealty.com to find hud property listing prices for all 50 states. if this agent is your representative he should know if you qualify for the property and want type of loan you are seeeking. not all properties require minimum downpayment...

Buying or Selling a Home: FSBO, best web site, disclosure requirements
best web site, disclosure requirements, luck john: Joe: I am not familiar with any websites that cater to FSBO s - depending on the market in your area, it may be a way to go and it may not be. Here in California, there are numerous disclosure requirements that the seller has, if you are not familiar...

Buying or Selling a Home: FSBO, real estate transactions, best web site
real estate transactions, best web site, google search: Dear Joe; One of the most popular web sites is www.forsalebyowner.com. Another is www.fsbo.com. Both get lots of hits and offer about the same service. There are many other sites that people visit so you can do a google search and find those as well, but...

Buying or Selling a Home: FSBO, ala carte menu, best web site
ala carte menu, best web site, paper ads: Hi Joe, Thank you for your question. I will try my best to address your concern, should you find that my response is insufficient, I welcome you to contact me at rmijares@valueinflow. Similary, I invite you to visit our website http://www.valueinflow.com...

Buying or Selling a Home: FSBO, real estate lawyer, appraisal issues
real estate lawyer, appraisal issues, settlement table: Hi Carley, I do believe that in a market such as we are currently in you may have a difficult time doing a fsbo. There are a number of reasons sellers choose to use a Real Estate Agent. First and foremost is safety. You have no idea who you are letting into...

Buying or Selling a Home: FSBO closing attorney, strict time limits, state contract
strict time limits, state contract, palm beach: Dear Sonya: Each area has its own customs, and it is not unusual to have to conduct a transaction using different customs. However,it has always been sound practice to have all parties working together, and the buyer with the threats and non-cooperation...

Buying or Selling a Home: FSBO questions, escrow companies, title company
escrow companies, title company, real estate agent: Hi Josette, Thanks for the question. What you re looking for is to have a real estate agent write up the deal for you. You would also need a title company and an escrow company but everyone could give you a discounted rate. Typically, I do a paperwork...

Buying or Selling a Home: FSBO and a VA Loan, fha loan, loan product
fha loan, loan product, war veterans: Hello Karen and thank you for your question. The VA loan as you know is one that is guaranteed by the Government for it s war veterans. Yes, there are a few costs that the VA puts on the Seller that a conventional or FHA loan product do not however it...

Buying or Selling a Home: FSBO, deposit receipt, professional realtor
deposit receipt, professional realtor, exact question: Dear Chuck, Good luck in the sale of your home. The exact question you are asking is exactly what a professional realtor gets paid their commission for. There is a 10 page deposit receipt that covers all the aspects of the sale including contingencies...

Buying or Selling a Home: FUnding, dee dee, freeman associates
dee dee, freeman associates, zillow: Dee, I would suggest talking to a Realtor in your area to provide you with a market analysis of your home. This will give you a pretty good idea as to the market price (the equity you have built) of your home. Then I would sit down an negotiate with your...

Buying or Selling a Home: Full Disclosure, disclosure law, full disclosure
disclosure law, full disclosure, transfer of ownership: Terrence--I m glad you asked this question instead of calling the Seller regarding this matter! And I m not sure what help a Title Company could be to you, other than provide you with a copy of the HOA Articles & By-Laws of record. This is definitely a matter...

Buying or Selling a Home: Furnished vs. Unfurnished Selling, house manager, striking distance
house manager, striking distance, selling a home in austin: Unfortunately, Sara, you have a misconception that whatever you put into a house you are entitled to get out of it. Not so. What you spent to fix up the house is what most people will have spent if they live in the house 10-20-30 years. In the future, remember...

Buying or Selling a Home: Furnished vs Unfurnished, own furniture, personal taste
own furniture, personal taste, buying a house: well, David, you ve asked someone who believes in allowing the potential buyer to do his own imagining. Yes, if it was me, I would have the house bare. Further, I would take any and all wallpaper down and paint the entire house Navajo white (that s the popular...

Buying or Selling a Home: Airport is aTrouble?, 100k, rents
Buying or Selling a Home: Airport is aTrouble?, 100k, rents, ceo

Buying or Selling a Home: How much does adding a garage increase home value, central michigan area, local realtor
Buying or Selling a Home: How much does adding a garage increase home value, central michigan area, local realtor, detached garage

Buying or Selling a Home: Bad roof, insurance companies, roofs
Buying or Selling a Home: Bad roof, insurance companies, roofs, 18 years

Buying or Selling a Home: Becoming a realtor, desk fees, overhead costs
Buying or Selling a Home: Becoming a realtor, desk fees, overhead costs, marketing tools

Buying or Selling a Home: Buying a house with bad credit, conventional mortgage, purchase option
Buying or Selling a Home: Buying a house with bad credit, conventional mortgage, purchase option, downpayment

Buying or Selling a Home: Buying land and a building from Neighbor, procedure time, subdivision approval
Buying or Selling a Home: Buying land and a building from Neighbor, procedure time, subdivision approval, approval procedure

Buying or Selling a Home: Buying vs. Building, line appliances, wood cabinets
Buying or Selling a Home: Buying vs. Building, line appliances, wood cabinets, vinyl siding

Buying or Selling a Home: buying before home is sold, suitable property, contingency
Buying or Selling a Home: buying before home is sold, suitable property, contingency, contingent

Buying or Selling a Home: buying a house with tenants in it, jean pritchard, real estate contract
Buying or Selling a Home: buying a house with tenants in it, jean pritchard, real estate contract, eviction process

Buying or Selling a Home: Cancel a listing agreement, contingencies
Buying or Selling a Home: Cancel a listing agreement, contingencies

Buying or Selling a Home: Canceling our listing contract, ill will, escrow
Buying or Selling a Home: Canceling our listing contract, ill will, escrow, brokerage

Buying or Selling a Home: Capital Gains on sale of principal residence, irs code, principal residences
Buying or Selling a Home: Capital Gains on sale of principal residence, irs code, principal residences, section 1031

Buying or Selling a Home: Concrete housing, downer, brick
Buying or Selling a Home: Concrete housing, downer, brick

Buying or Selling a Home: Controlling HOA, selective enforcement, hoas
Buying or Selling a Home: Controlling HOA, selective enforcement, hoas, grey area

Buying or Selling a Home: Deed rewriting, foremost duty, title insurance
Buying or Selling a Home: Deed rewriting, foremost duty, title insurance, insurer

Buying or Selling a Home: Disclosure Horror, mold inspectors, consumers affairs
Buying or Selling a Home: Disclosure Horror, mold inspectors, consumers affairs, value of my home

Buying or Selling a Home: Doors open in/out, inner doors, outer perimeter
Buying or Selling a Home: Doors open in/out, inner doors, outer perimeter, wind pressures

Buying or Selling a Home: disclosure, nut shell, contract attorney
Buying or Selling a Home: disclosure, nut shell, contract attorney, business and commerce

Buying or Selling a Home: Earnest money dispute
Buying or Selling a Home: Earnest money dispute

Buying or Selling a Home: Failure to disclose/negligence, local council, real estate institute
Buying or Selling a Home: Failure to disclose/negligence, local council, real estate institute

Buying or Selling a Home: Falsifying disclosure statements, inground pool, legal counsel
Buying or Selling a Home: Falsifying disclosure statements, inground pool, legal counsel, insurance company

Buying or Selling a Home: first time home buyers grant, companies in canada, mortgage brokers
Buying or Selling a Home: first time home buyers grant, companies in canada, mortgage brokers, kijiji

Buying or Selling a Home: foreclosed prop. sites legit?, google, interesting facts
Buying or Selling a Home: foreclosed prop. sites legit?, google, interesting facts, alexa

Buying or Selling a Home: HOA rules, illegal pets, chincillas
Buying or Selling a Home: HOA rules, illegal pets, chincillas, hoas

Buying or Selling a Home: Home Inspection - Plumbing, sewer gases, air admittance valve
Buying or Selling a Home: Home Inspection - Plumbing, sewer gases, air admittance valve, plumbing supply

Buying or Selling a Home: House vlaues and fence types, contentment, hoa
Buying or Selling a Home: House vlaues and fence types, contentment, hoa, fences

Buying or Selling a Home: House withToxic Mold in attic, county corruption, government corporations
Buying or Selling a Home: House withToxic Mold in attic, county corruption, government corporations, carpetbagger

Buying or Selling a Home: home builder reputation, cpmorgan, heritage subdivision
Buying or Selling a Home: home builder reputation, cpmorgan, heritage subdivision, franklin indiana

Buying or Selling a Home: investing in fixer uppers, e mail, martha
Buying or Selling a Home: investing in fixer uppers, e mail, martha

Buying or Selling a Home: investment strategies, real estate investor, national association of mortgage brokers
Buying or Selling a Home: investment strategies, real estate investor, national association of mortgage brokers, commercial development projects

Buying or Selling a Home: Land investing in Virginia?, real estate investment company, charlottesville virginia
Buying or Selling a Home: Land investing in Virginia?, real estate investment company, charlottesville virginia, real estate investment

Buying or Selling a Home: Life Estate, life estate, dwelling
Buying or Selling a Home: Life Estate, life estate, dwelling

Buying or Selling a Home: land contract, procuring cause, 10 months
Buying or Selling a Home: land contract, procuring cause, 10 months, realtor

Buying or Selling a Home: Mobile Home Park Evictions, home situation, ower
Buying or Selling a Home: Mobile Home Park Evictions, home situation, ower, mobile home

Buying or Selling a Home: Mobile Home Title, mobile home, possession
Buying or Selling a Home: Mobile Home Title, mobile home, possession, mortgage

Buying or Selling a Home: misrepresentation by an agent, legal recourse, tooth comb
Buying or Selling a Home: misrepresentation by an agent, legal recourse, tooth comb, countless clients

Buying or Selling a Home: Offers to Purchase, restatement second of contracts, mail box
Buying or Selling a Home: Offers to Purchase, restatement second of contracts, mail box, offeree

Buying or Selling a Home: offer to purchase of vacant land, land parcel, physical characteristics
Buying or Selling a Home: offer to purchase of vacant land, land parcel, physical characteristics

Buying or Selling a Home: Property left at my new home, personal property
Buying or Selling a Home: Property left at my new home, personal property

Buying or Selling a Home: possible scam... need advice please, cashiers check scam, high priced cars
Buying or Selling a Home: possible scam... need advice please, cashiers check scam, high priced cars, ebay

Buying or Selling a Home: quit claim deed help , quick, borrowers, lenders
Buying or Selling a Home: quit claim deed help , quick, borrowers, lenders, checks

Buying or Selling a Home: quit claim deed ..phila., pa., simple deed, warranty deed
Buying or Selling a Home: quit claim deed ..phila., pa., simple deed, warranty deed, grant deed

Buying or Selling a Home: REO Property(Buying and Selling), government type, reo
Buying or Selling a Home: REO Property(Buying and Selling), government type, reo, fha

Buying or Selling a Home: Real Estate/landlord /tenants rights
Buying or Selling a Home: Real Estate/landlord /tenants rights

Buying or Selling a Home: Real Estate Marketing, real estate agent, real estate agents
Buying or Selling a Home: Real Estate Marketing, real estate agent, real estate agents, realtors

Buying or Selling a Home: Realtor commission, loan fraud, loan proceeds
Buying or Selling a Home: Realtor commission, loan fraud, loan proceeds, accurate knowledge

Buying or Selling a Home: Rent to own, waves
Buying or Selling a Home: Rent to own, waves

Buying or Selling a Home: Repair Allowance first time buyer, stubborness, timeframe
Buying or Selling a Home: Repair Allowance first time buyer, stubborness, timeframe, money

Buying or Selling a Home: how rent to own work, summons, landlord
Buying or Selling a Home: how rent to own work, summons, landlord

Buying or Selling a Home: rent a va home, rental insurance, stipulations
Buying or Selling a Home: rent a va home, rental insurance, stipulations, rental property

Buying or Selling a Home: renting your house through section 8, great shape, section 8
Buying or Selling a Home: renting your house through section 8, great shape, section 8, checks

Buying or Selling a Home: Getting rid of unwanted property, fairfield bay, 35 years
Buying or Selling a Home: Getting rid of unwanted property, fairfield bay, 35 years

Buying or Selling a Home: Section 8, bamboo tree, flowers and roses
Buying or Selling a Home: Section 8, bamboo tree, flowers and roses, homeless woman

Buying or Selling a Home: Seller Liability, odd smell, flyswatter
Buying or Selling a Home: Seller Liability, odd smell, flyswatter, odorless gas

Buying or Selling a Home: Seller present during Home Inspection, oral contracts, real estate negotiations
Buying or Selling a Home: Seller present during Home Inspection, oral contracts, real estate negotiations, oral contract

Buying or Selling a Home: Seller remaining on property after closing, time home buyers, first time home buyers
Buying or Selling a Home: Seller remaining on property after closing, time home buyers, first time home buyers, offer letter

Buying or Selling a Home: Selling house on contract, atleast, realestate
Buying or Selling a Home: Selling house on contract, atleast, realestate, lawyer

Buying or Selling a Home: Selling my house as Rent to Own?, professional investors, benifit
Buying or Selling a Home: Selling my house as Rent to Own?, professional investors, benifit, real estate agents

Buying or Selling a Home: Stucco Water Damage found during home inspection, stucco
Buying or Selling a Home: Stucco Water Damage found during home inspection, stucco

Buying or Selling a Home: sold the wrong land, latter issue, due diligence
Buying or Selling a Home: sold the wrong land, latter issue, due diligence, formal complaint

Buying or Selling a Home: Tax Consequences to a Short Sale in CA, cancellation of debt, tax trap
Buying or Selling a Home: Tax Consequences to a Short Sale in CA, cancellation of debt, tax trap, taxable gain

Buying or Selling a Home: title insurance, metes and bounds, metes and bounds description
Buying or Selling a Home: title insurance, metes and bounds, metes and bounds description, formal search

Buying or Selling a Home: Unethical, Dishonest Broker Coerces Us into a No Win Situation, representation fee, cash stream
Buying or Selling a Home: Unethical, Dishonest Broker Coerces Us into a No Win Situation, representation fee, cash stream, intrusive questions

Buying or Selling a Home: Using a realtor in a lease option sale, dual agent, 7k
Buying or Selling a Home: Using a realtor in a lease option sale, dual agent, 7k

Buying or Selling a Home: What does "under contract" truly mean?, hearts
Buying or Selling a Home: What does "under contract" truly mean?, hearts

Buying or Selling a Home: unethical realtor, wallet, realtor
Buying or Selling a Home: unethical realtor, wallet, realtor, paper trail

Buying or Selling a Home: VA LOAN GUIDELINES, powers of attorney, predicament
Buying or Selling a Home: VA LOAN GUIDELINES, powers of attorney, predicament, active duty

Buying or Selling a Home: Vacant property insurance, eden north carolina, eden nc
Buying or Selling a Home: Vacant property insurance, eden north carolina, eden nc, vacant property insurance

Buying or Selling a Home: I want to buy an apartment building, personal assets, apartment buildings
Buying or Selling a Home: I want to buy an apartment building, personal assets, apartment buildings, apartment building

Buying or Selling a Home: windows, vinyl replacement windows, extreme weather conditions
Buying or Selling a Home: windows, vinyl replacement windows, extreme weather conditions, humidity level

Buying or Selling a Home: false disclosure, wet carpet, trial lawyer
wet carpet, trial lawyer, rain spout: Hi Molly, Wow, sorry to hear of your dilemma. Sounds like you need to contact a good trial lawyer ASAP. I would suggest that you take pictures of the damage you discovered. Then, get your contractor to give you a written, dated, signed statement as...

Buying or Selling a Home: family trust, family trust, doing the right thing
family trust, doing the right thing, probate: If you are not willing to spend the money with an attorney, try Legalzoom.com. They can guide you to do it the right way and it won t cost near as much as an attorney. You are doing the right thing putting your properties into a trust (revocable). I do wish...

Buying or Selling a Home: faulty inspection, seller disclosure, disclosure laws
seller disclosure, disclosure laws, old couple: Hello Lindsey and thank you for your question. Wow - tough situation and one that is legal in nature which I can not respond to. It s your he said, she said situation and these are very difficult to resolve. I will do my best to ask some questions which...

Buying or Selling a Home: faulty plumbing repair in home sale, faulty plumbing, plumbing repair
faulty plumbing, plumbing repair, cold snap: Hey, Jan. Sounds like you have a pretty good mess on your hands, but it s possible that you didn t sign your rights away. I think what liability the bank has under Ohio law might be the deciding factor. It s a shame that you might not have had a good,...

Buying or Selling a Home: feedback, spell checker, estate knowledge
spell checker, estate knowledge, appointments: Thank you Tanya - trouble is my skills at typing are not matched with my real estate knowledge, I usually answer these in between appointments or late after work and errors happen since the spell checker provided does not always work. I do my best. Ric...

Buying or Selling a Home: few questions?, escrow fees, first time buyer
escrow fees, first time buyer, first time buyers: Hi Shelly, Yes, anything is possible in this world. The big question is how s your credit? You may not have a lot of income but if you both have steady jobs the lender will consider all factors. As far as rates, mostly rates are higher when your credit...

Buying or Selling a Home: fha loan, fha loan, loan transaction
fha loan, loan transaction, type of government: THEY ARE LISTINGS THAT CLEAR ALL PARTIES INVOLVED IN AN FHA LOAN TRANSACTION ARE FREE FROM ANY FRAUD OR WRONG DOINGS IN ANY TYPE OF GOVERNMENT TRANSACTION. IF YOU ARE DEALING WITH AN FHA CERTIFIED LENDER THEY WILL TAKE CARE OF THIS SO YOU HAVE NOTHING TO...

Buying or Selling a Home: fiduciary duties, anticipatory breach, fiduciary duties
anticipatory breach, fiduciary duties, buyers agent: Dear Steve, The way I see it is the problem that you can t close the escrow with the existing buyer according to the terms of the agreement. The fact that your agent muddied the water by communicating other verbal offers still doesn t change the basic...

Buying or Selling a Home: No final walk through with the buyer,, tennants, eviction notice
tennants, eviction notice, legal concerns: You have a lot to learn in real estate, Scott. I am sure the purchase agreement said something like, tenants are to be out prior to close of escrow. If they do not move, IT IS THE SELLER S REPONSIBILITY. Any damage or legal concerns must be taken care of...

Buying or Selling a Home: financing, good faith estimate, jessica bryan
good faith estimate, jessica bryan, closing cost: Dear Edgardo; The loan you are looking for is out there if (and ONLY if) the home appraises for higher than the contract amount. so if the home price that you are paying is $298,000 the appraisal needs to be $307,000 or $308,000 depending upon the actual...

Buying or Selling a Home: financing the sale of my home, jessica bryan, kansas city area
jessica bryan, kansas city area, assumable loan: Dear Ken; Usually loans are not assumable; but your lender would know if yours is. You can contact the people who are holding your mortgage and ask if you can get the potential buyers to take over your loan. They will still need to qualify and submit information...

Buying or Selling a Home: financing, credit counseling service, fha loans
credit counseling service, fha loans, fha loan: My suggestion is that if you only are looking at doing it to pay off your bills sooner, don t just do it yourself. It does reflect how lenders look at your credit, except for FHA loans which will allow you to be in credit counseling 1 year paid as agreed and...

Buying or Selling a Home: Sorry for the miscommunication...., research triangle area, scoping out
research triangle area, scoping out, knowledgeable agent: Teri: You need an agent that listens to what you want. The most important part of a buyers agent s duty is to sit down with the client and find out exactly what type home the client is looking for. With today s technology, there is no reason an agent...

Buying or Selling a Home: Should I find a lawyer? Questions about selling to my boyfriend, real estate lawyer, lawyer questions
real estate lawyer, lawyer questions, jessica bryan: Dear Kim; You will need to find an attorney to change the title. You will also need to have your ex-boyfriend qualify for a new loan and will have to go through the loan process. Since you were the only name on the loan there is no easy way of switching...

Buying or Selling a Home: how do i find a rent to own home, freeman associates, associates realtors
freeman associates, associates realtors, delware: Lisamarie, Hello there. My name is Erick Claytor and I am a broker / consultant for ERA Freeman & Associates in Gresham, Oregon. Concerning what you are looking for, it is called a Lease-option. What this means is that a seller is willing to lease...

Buying or Selling a Home: finders fee, regaurds, condo units
regaurds, condo units, brooklyn ny: Hi Susan, Thank you for your question. Yes, it would be nice if you were chosen as the listing agent for the property as a reward for finding it and creating a meeting of the minds. As far as being due a finders fee or commission now, that would depend...

Buying or Selling a Home: finding an agent, advertising flyers, prospective purchaser
advertising flyers, prospective purchaser, flower beds: Hi Dave, If you plan to list around June of this year, it is not too early to begin interviewing agents. You will want an agent that you can “relate” to, and one that will give you feedback after showings … good, bad or indifferent. Be sure and ask how...

Buying or Selling a Home: finding a good realtor, realtor john, luck john
realtor john, luck john, john hall: Tanya: Finding the Realtor that is right for you will require you to interview several agents. Ask friends for referrals of agents they have worked with and were happy with. Don t be fooled by claims different offices make, anyone can twist facts...

Buying or Selling a Home: finished basement, sq footage, finished basement
sq footage, finished basement, ranch style: Hello Mike, I am assuming that you are not a Realtor. This means that you have no Real Estate Association rules to abide by when marketing your home. So yes then, definately market your home as a 6 bedroom and 3.5 baths home. When you appraise a home...

Buying or Selling a Home: Can I fire my real estate agent?, jessica bryan, brokerages
jessica bryan, brokerages, real estate agent: First I would suggest that you discuss your dissatisfaction with your agent and let him know that you are not happy. If you have already done so then I would suggest that you call the managing broker to discuss since it is the brokerages listing and the agent...

Buying or Selling a Home: Can I fire my real estate agent?, bakersfield ca, verbal message
bakersfield ca, verbal message, lockboxes: Hello Misty and thank you for your question. While I do not know what the language of your listing agreement is, I would answer you that you should be able to cancel your agreement if you feel that your agent failed to perform as promised. I do not know...

Buying or Selling a Home: can i fire my realtor and go with another?, preapproval, pre approval
preapproval, pre approval, worthington: If you signed a listing agreement, you should have a copy of that. Is it on MLS? Have people shown it? A buyers agreement has nothing to do with a listing agreement. Just call that lady and ask her for a copy of the papers you signed, the go with another...

Buying or Selling a Home: firinf a realtor, binding contract, comps
binding contract, comps, sq ft: I was unclear in your message if you had signed a listing contract with this Realtor. If you have then that is a binding contract, but she could let you out of it at her or her broker s discretion. You can look at new homes all you want, you will just need...

Buying or Selling a Home: firing my agent - short sale did not go thru - lost my loan, 4 months, appraisals
4 months, appraisals, open houses: Dear Ricardo, I m sorry to hear that you are having such problems. Short sales are difficult at best and many never go through. Many years ago I bought my own house through a short sale but did my best not to show them to clients because of their difficulties....

Buying or Selling a Home: firing my agent, board of realtors, code of ethics
board of realtors, code of ethics, seattle wa: Hello Kelly and thank you for your question. can I boot her w/o her sueing me or has she already earned her commission To earn a commission, an agent needs to bring a ready, willing and able buyer to a seller and agree to buy the property. So, yes...

Buying or Selling a Home: first look at co-op, jessica bryan, home realty
jessica bryan, home realty, invaluable advice: Dear Alex; The most important question to ask is how much can you afford. The agent is able to run the numbers for you or will refer you to a lender to get you pre-qualified. Next...make sure that the property you are looking at meets your needs. Make sure...

Buying or Selling a Home: first look at a co-op, getting a mortgage, capital improvements
getting a mortgage, capital improvements, downpayments: Hi Alex, Thank you for your question. First, you want to know what the other sales in the building have been for the last year. If there have been none that may be a problem. Look over the whole complex for its overall condition, not just the unit...

Buying or Selling a Home: first time Buyer, first time buyer, poverty level
first time buyer, poverty level, housing department: Hi Masoud, Thanks for the question. Ok, to answer your first question, if you have access to a computer and the Internet, you should check out Los Angeles housing department (if you are in the los angeles area) research your local housing department, http://www.hud.gov/buying/index.cfm...

Buying or Selling a Home: first time Buyer, home buyer program, homestead excemption
home buyer program, homestead excemption, property tax exemption: Hi here are some resources you may want to check out regarding First Time Home Buying in Texas.. 1.) Texas First Time Home Buyer Program http://www.tdhca.state.tx.us/homeownership/fthb/index.htm 2.) Regarding property taxes... I suggest checking with...

Buying or Selling a Home: first time buyer, night mail, mortgage documents
night mail, mortgage documents, first time buyer: You will need to contact a title company in the Philadelphia area. But more importantly you should call your mortgage company to find out how you will sign the mortgage documents. It is not that difficult for the seller as they will need to sign the deed and...

Buying or Selling a Home: first time buyer, first time buyer, allexperts
first time buyer, allexperts, home condo: Hello Matt, I apologize for not answering this sooner, but only learned of your question today. I do not know why the AllExperts e-mail informing me of your questions did not arrive before today. I do not understand how your attorney and agent are so...

Buying or Selling a Home: first time buyer, first time buyer program, knowledgeable realtor
first time buyer program, knowledgeable realtor, fha program: Most every state has a first-time buyer program, Shawn. Merely stop in a real estate office and talk to a very knowledgeable Realtor. That person should know. Do not bother with new Realtors. Ask for the broker/manager of the office. He/she will assign you...

Buying or Selling a Home: my first time buying a home, granite counters, comparables
granite counters, comparables, asking price: Hi Shannon, With real estate, you NEVER wait. Make an offer. The worse that could happen is that they say no or ask for more money. I usually offer 5,000-7,000 off of asking because right now it s a buyers market. More homes are sitting on the market...

Buying or Selling a Home: first time home buyer, time home buyer, first time home buyer
time home buyer, first time home buyer, getting a loan: Hello Wes, Please do not be anxious about meeting with a lender and discovering your ability to obtain financing. My advice to you would be to speak with a mortgage broker who can work with many different lenders so that you will have all the options available...

Buying or Selling a Home: first time home buyer, debt to income ratios, time home buyer
debt to income ratios, time home buyer, first time home buyer: I am sorry to tell you that purchasing a home in the $300 s is not very wise for you based on your yearly income. You would not qualify based on the debt to income ratios. You could do a no documentation loan but I would advise against it because you will...

Buying or Selling a Home: first time home buyer, first time investor, st petersburg florida
first time investor, st petersburg florida, part time jobs: Dear Todd; First of all, I would suggest that you go to a lender to see how much of a loan you qualify for and the type of loan it will be. Don t be afraid of an adjustable rate loan since you are just starting out and won t be in your first home too long....

Buying or Selling a Home: first time home buyers, free appointment, time home buyers
free appointment, time home buyers, first time home buyers: Nicole, Your first step is to contact a lender for a free appointment to be prequalified for a loan. Try your bank. Then armed with that letter, start to visit open houses that you see in the Sunday paper in an area and price range you can afford. Your purpose...

Buying or Selling a Home: first time home buyers?, first time homebuyer, interest rate program
first time homebuyer, interest rate program, time home buyers: I have never heard of anyone being denied as a first time homebuyer (unless you already own a home). Income does not matter for the determination as first time home buyer. Call me today at 561-999-5130 x 201 and I will find a low interest rate program for...

Buying or Selling a Home: first time home buyers grant, canadian grants, time home buyers
canadian grants, time home buyers, first time home buyers: Candada is quite a bit different, there to get a loan you must go to a bank, they have no mortgage brokers. Which is too bad because it limits the possibilites. I would call a few local banks and ask them about some programs that canada offers, also contact...

Buying or Selling a Home: first time home purchase, first time buyer, case prices
first time buyer, case prices, david garcia: Larry, You have a legitimate concern reagrding the real estate market crashing. One thing to keep in mind before buying is know the appraised value of the home. If you are paying more than appraised value you are setting yourself up for a mess. If you...

Buying or Selling a Home: first time house buyer, lease purchase agreements, doug ingram
lease purchase agreements, doug ingram, other search engines: Claudette, I would recommend pursuing a lease option on a property while simultaneously working very hard to get your credit repaired and restored. Most lease purchase agreements that are reputable are going to require you to put down in the vicinity...

Buying or Selling a Home: first time negotiations, impossible position, home condo
impossible position, home condo, legal opinion: REVISED ANSWER--SUPERCEDES PREVIOUS RESPONSE (JR) Matt--Your question puts me in a very difficult--perhaps even impossible--position!You ve received a legal opinion from a licensed Attorney & realty advice from a licensed Agent, both feeling that the...

Buying or Selling a Home: first time seller, real estate commissions, local realtor
real estate commissions, local realtor, time seller: Cori: The main cost you would incur is commissions - real estate commissions are negotiable betweent eh seller and the agent and can run anywhere from 2 to 7% of the sale price. Other costs you would incur are escrow or attorneys fees, title fees and other...

Buying or Selling a Home: first time selling a home, mls multiple listing, multiple listing service
mls multiple listing, multiple listing service, desision: Sorry to hear the home is not working out for you. Here is what I can tell you from the information you have given me: If at all possible wait the additional 6 months and do not pay the fine. Not knowing the Days on Market in your area, I would guess it...

Buying or Selling a Home: fisrt time home seller, venice florida, yard signs
venice florida, yard signs, educated guess: Hi Mary; Your question is a good one. I am always disappointed when someone tells me that they have used an agent that they didn t like. It is pretty easy to interview an agent before choosing him or her. By looking around to see who sells in your area...

Buying or Selling a Home: five properties, chris dick, five houses
chris dick, five houses, neith: I just read an Online article about how Michigan is really going down the tubes real-estate-wise the other day. Seems like the downtrodden auto industry is really taking its toll on people holding investment properties or simply homes. And I had a personal...

Buying or Selling a Home: To fix, or not to fix, huntington beach california, century 21 beachside realtors
huntington beach california, century 21 beachside realtors, century 21 beachside: Kirby, The city and state have certain requirements, like the water heater being strapped and smoke detectors;otherwise, you can sell the property as is as long as you disclose everything that is wrong with it. The Buyer will bring in an inspector and...

Buying or Selling a Home: fixed rate mortgage, fixed rate mortgage, fixed rate loan
fixed rate mortgage, fixed rate loan, 30 year fixed rate mortgage: Good follow-up information. Yes, your combined credit and the fact that you can get a state grant does make sense why the interest rate is where it is. The rates you see in the commercials are for perfect credit buyers with large down payments. Most of...

Buying or Selling a Home: fixer upper or already done?, jessica bryan, inspection clause
jessica bryan, inspection clause, cosmetic work: Dear Sue; It is better to buy a home that is structurally sound and maybe needs some cosmetic work than to get something that has had remodeling but needs mechanical and structural repair. Those types of repairs are far more costly and indicate that there...

Buying or Selling a Home: flipping houses, flipping houses, person david
flipping houses, person david, money down: Hi, Flipping means to buy or control a property & immediately sell it for a profit. I can teach you how to find discount properties, tie them up under contract & then find a buyer for full value with you keeping the difference at closing. See my...

Buying or Selling a Home: flipping properties, flipping properties, dg
flipping properties, dg, upfront: Danielle, It depends what flipping technique your re asking about. The most common flipping technique is tying up a good deal & then selling that contract to another buyer. You can ask for your money upfront from the buyer or wait till closing. ...

Buying or Selling a Home: follow up question, flipping properties, david garcia
flipping properties, david garcia, good deals: Yes, can can sell them your contracts. You may want to call them first & ask them if they buy contracts from other investors for good deals. If you find a good deal, e-mail directly at : dgpioneer@juno.com I may be able to help you close a deal yourself....

Buying or Selling a Home: follow up question, referral business, sphere of influence
referral business, sphere of influence, daily schedules: Hello Danielle, Building a client base is something every Realtor should concentrate on because referral business is desireable. Once your sphere of influence knows you are in business, they should be treated as a client base. They can start referring you...

Buying or Selling a Home: i have been fooled, s broker, association of realtors
s broker, association of realtors, department of real estate: Alina, I am sorry to hear about your stress. I suggest you contact the association of realtors in your area and submit a complaint that your agent and broker are not acting in your fiduciary interests. Very truly yours, Paul D. Friedman, M.A., Ph.D.,...

Buying or Selling a Home: How to force to vacate property, interest contract, doublewide trailer
interest contract, doublewide trailer, general sessions: Hi Tom, Thanks for using the All Experts site. If you “sold” your mobile home lot, and ownership for the lot was never transferred to the buyer, I am assuming you sold the lot under the concept of a Land Contract, also known as an Installment Contract...

Buying or Selling a Home: forclosure investing, earnest money deposits, state mortgage
earnest money deposits, state mortgage, president state: You need some capital in order to invest in anything. Even though we have 100% financing programs, you still need to have capital for certain closing costs and earnest money deposits. When someone has a great idea, but poor credit and no capital, it is...

Buying or Selling a Home: forclosures, discount bargain, loan balance
discount bargain, loan balance, forclosure: Shane, Foreclsoures at the courthouse are very hard to buy at a discount bargain because the banks won t allow you to buy lower than loan balance. They will win the auction if need be. I would recomemnd you look for homes in Pre-foreclosure. You can...

Buying or Selling a Home: forclosures, late night tv, mls board
late night tv, mls board, virtual broker: Shane. That is a tough Question but really most foreclosures are listed with realtors and are available through the local MLS Board where you live. Banks are required to post them out there and make sure they take all bids. I usually do not find foreclosures...

Buying or Selling a Home: forclosures, guessing game, mr robinson
guessing game, mr robinson, forclosure: mr robinson homes in foreclosure are one source of property. it depends on where they are. I am tutoring a gent in LA and taugth him the math of real estate. He would have likely spent hundreds of thousands on a guessing game. I suggest you allocate...

Buying or Selling a Home: foreclosed prop. sites legit?, hurricane survivors, todd thornton
hurricane survivors, todd thornton, government foreclosures: Frank, Most government foreclosures are available publicly through links at the HUD website. http://www.hud.gov/homes/homesforsale.cfm (If you live in the south, HUD has pulled all its forclosure properties to potentially use for hurricane survivors...

Buying or Selling a Home: foreclosure, foreclosure procedure, balloon payment
foreclosure procedure, balloon payment, exact procedure: Hi Tamrah, Yours is really more a legal question, and I am not qualified to give legal advice. I would suggest that you contact a local magistrate or attorney for advice exactly how you should proceed. I am, however, giving you some general information...

Buying or Selling a Home: foreclosure, estate lenders, life estate
estate lenders, life estate, recourse: What she has is a life estate. You can see why, now, why your great aunt should not have given him title so he can go out and borrow money on it. She is not protected. But what I don t understand is how did that lender give the loan when the life estate...

Buying or Selling a Home: foreclosure, professional property manager, being a landlord
professional property manager, being a landlord, certified mail: You already know this, Stacy, but you have no business being a landlord. For future reference, being a landlord or landlady is exactly like being in business. If you owned a business, say, like a dress store, would you put a sign at the cash register telling...

Buying or Selling a Home: foreclosure, delinquency, judgement
delinquency, judgement, foreclosure: Hello Mary, A delinquency judgement means that a judge has found an entity late in paying or doing something. I am not clear as to what context this is relating to. Feel free to contact me to further discuss this matter. Have a great day, Tom Sizopoulos...

Buying or Selling a Home: foreclosure, state mortgage, president state
state mortgage, president state, rotenberg: Simply having a foreclosure a few years back should not prevent you from purchasing a home today. There are many many loan programs available to you provided that you have reestablished your credit since the foreclosure. Try to get pre-approved with a...

Buying or Selling a Home: foreclosure, novice investor, foreclosure action
novice investor, foreclosure action, payment arrangement: Hi Charles, Your friend should first contact his lender to see if he can work out a payment arrangement to catch up his back payments. Generally, foreclosure action is not instituted at the “two-month-behind” stage unless there have been previous problems...

Buying or Selling a Home: foreclosure, estate matter, medical bills
estate matter, medical bills, medical insurance: This is really not a real estate matter, Brenda. You are attempting to protect your estate. Therefore, you should immediately contact an estate attorney (one who specializes in estates) to protect yourself. Yes, it is possible that the hospitals and any government...

Buying or Selling a Home: foreclosure, bankruptcy attorney, auction sale
bankruptcy attorney, auction sale, notice of default: Hi Anthony - Sorry for the delayed response. I was out of town. In answer to your question, No they don t have to give you the sale date, but they usually do. The number of days from the notice of default to the auction sale date vary from state to...

Buying or Selling a Home: foreclosure, mom and dad, crutch
mom and dad, crutch, mortgage payments: I suggest you ask around. Ask several mortgage brokers if what the president said in their new program to freeze the ARM loans, if they apply to your situation. I don t think so. It is said it would apply only to those who have ARMs but are not behind in payments....

Buying or Selling a Home: foreclosure auctions, forclosed homes in california, foreclosure auctions
forclosed homes in california, foreclosure auctions, irs lien: You ve come to the right guy, Vicky. I ve been involved in foreclosures here in California (and a few other states) a long time. When you go to bid on a foreclosure, you re most likely going to be standing on a courthouse steps, or a title company exterior...

Buying or Selling a Home: foreclosure listings, local realtor, foreclosure listings
local realtor, foreclosure listings, search parameters: The lenders with foreclosed properties use a local realtor to list the homes they have foreclosed upon. They are not directly sold by the lender. Many realtors are able to perform a MLS search and include the word foreclosure in their search parameters....

Buying or Selling a Home: foreclosure purchase at courthouse, foreclosure auction, rare situation
foreclosure auction, rare situation, loan balance: Each state has it s own agenda regarding redeeming the foreclosure of a property, Rose. You should ask your friendly title company what it is for your state. But in virtually all states the borrower, as anyone else, may bid at the foreclosure auction . . ....

Buying or Selling a Home: foreclosure, david finkel, peter conti
david finkel, peter conti, correct steps: In the state of Minnesota, Linda, it can be a deed of trust or a mortgage. Also, it can be foreclosed via the judicial process or via the non-judicial process. When the owner has stopped making payments, in the non-judicial process, after a few letters...

Buying or Selling a Home: found a home, what now?, first time buyers, getting a loan
first time buyers, getting a loan, friend of the family: It s a matter of ethics, Wade. You asked another Realtor to show you the house, yet you are going to have a friend to write up the transaction for you. I am surprised you are not going back to the agent you gave you the courtesy of seeing the property. ...

Buying or Selling a Home: foundation concerns, engineer reports, structural failure
engineer reports, structural failure, foundation company: You ask a good question. If you are concerned about this foundation, then the next buyer is going to have a BIG question about this also. Is it easy to sell a house with BIG questions? Think about it. Is 3 years long enough to see if the repairs hold...

Buying or Selling a Home: free listing, foley, best bet
foley, best bet, happy new year: Dear Jason: There is a multitude of free sites, some of them particular to your area. Go on the internet yourself, and search for homes for sale, and see what comes up. In my area, there is Craig s List, MLS.com and so forth. Also, perhaps you should get...

Buying or Selling a Home: two friends buy a home together, chapter 13 bankruptcy, revocable living trust
chapter 13 bankruptcy, revocable living trust, trust attorney: I really shudder when someone asks me a question similar to yours. The way to handle your situation should be done by a REAL ESTATE attorney. You both must sit down and explain to the attorney just how you want to hold title. Tell the attorney what you want...

Buying or Selling a Home: full price offer, mortgage amount, mortgage company
mortgage amount, mortgage company, merry way: Hey, Tammy. It sounds like the real estate company didn t get approval from the mortgage company for the short sale. That quite often happens when both the home owner and the real estate agent are not familiar with the short-sale process. One cannot simply...

Buying or Selling a Home: funding home purchase in Texas, 1031 exchange, existing home
1031 exchange, existing home, executor: Check with your attorney, I don t know what state you are in, but the house in Texas you could use to borrow against if it is in your name. You may be better off to sell it and use it in a 1031 exchange to invest into the townhouse. That may save you a lot...

Buying or Selling a Home: Gain from the sell of a house, building a home, married couple
building a home, married couple, capital gains: If you have lived in your home for 24 of the previous 60 months upon the sale, you may forgo payment of tax on any capital gains up to $500,000 for a married couple who file their tax return jointly ($250,000 for a single person). So you may do as you wish...

Buying or Selling a Home: Gas Stove in House for Sale not included, Orange County, NY, amp electric service, free certificates
amp electric service, free certificates, willing buyers: Hi Joe, Thank you for your question. The seller is taking the stove and leaving the gas line open? Is the gas shut off somewhere else in the house? Certainly the gas is not flowing, but shut off. Usually there is a shut off valve behind the stove....

Buying or Selling a Home: General Information, 1st time buyers, yearly salary
1st time buyers, yearly salary, co borrower: Question 1: No. The vet must be one of the buyers, at least. And the property must be in his name, at least partly. And if the income from the other non-vet buyers is needed, then they may use it. Question 2: If your husband has credit problems and obligations...

Buying or Selling a Home: Gettin Started, markus dick, u s navy
markus dick, u s navy, state test: First of all, Markus, you should have at least six months funds on which to live while you go to school. There are real estate schools that teach you how to pass the state test to get a license. There are real estate companies that offer to teach you while...

Buying or Selling a Home: Gift of equity question., 1031 tax deferred exchange, tax deferred exchange
1031 tax deferred exchange, tax deferred exchange, capital gains tax: Each of you may give $12,000 per person, per year, tax free up to one million total lifetime. The IRS doesn t care if it s cash or equities or valuable marbles. The taxable event happens at the time of the sale. Period. The IRS doesn t care if YOU get cash...

Buying or Selling a Home: Good agent??, brokerage agreement, dual representation
brokerage agreement, dual representation, dual agency: Hello Tisha and thank you for your question. In my bio I said that be careful as I will speak my mind... In your opening statement you claim your agent is not familiar with the area adn that we have been told he may have underpriced us Are you serious?...

Buying or Selling a Home: Getting my Good Faith Deposit Returned, realtor work, faith deposit
realtor work, faith deposit, backgroung: The seller must sign a release of that deposit, Shalae. If he does not sign it and have the money sent back to you within 30 days after you have formally sent a request for refund to the Realtor s office and the seller at their addresses via certified mail,...

Buying or Selling a Home: Grants for Home Buyers, government loan programs, grants for home buyers
government loan programs, grants for home buyers, government loans: you need to find a lender who deals with government loans, they will be able to help you find any local grant systems in your area and those that will be approved by government loan programs. also if you have a metropolitan housing in your area they will...

Buying or Selling a Home: Follow-Up: Growth Paths / Real Estate Investments, economic scenarios, diversified economy
economic scenarios, diversified economy, real estate investments: One main thing you must realize, Mike, is that when you own rentals you are in business. Unfortunately, those who have dropped out of owning rentals are those who failed to devote the time that it takes to maintain their properties. Since you have a negative...

Buying or Selling a Home: Guest House not permitted and not disclosed, title insurance company, lighting improvements
title insurance company, lighting improvements, city of anaheim: The key to your question, Brenda, is the disclosures. If I were you I would contact the Realtor(s) involved and tell them what you have found out from the planning dept. And you expect to be recompensed for everthing. They are not going to give you a reply...

Buying or Selling a Home: Gulf-Front Property, condominium association, clearwater area
condominium association, clearwater area, gulf of mexico: Hi Jenny, Thank you for your question and it s great that you are helping others. Townhome/Townhouse consists of 2 or more stories, condominiums are single level. That s the difference in the title, as far as the association they both can be condominium...

Buying or Selling a Home: Will anyone give me a home loan?, irs tax lien, first time buyers
irs tax lien, first time buyers, borrowers: I believe that is true, Angela. However, it is going to be a little tough. Lenders, especially now with all you read in the papers, etc., making loans is going to be tough to make for borrowers. Just make all your obligations and eventually you will be able...

Buying or Selling a Home: is this a good deal, decent income, existing mortgage
decent income, existing mortgage, reverse mortgage: I would have to know how old your parents are. The idea is to know how long they expect to live. For example, if they are in their 60s, you would have to check the market for rent on the property, total it all up for, say, 25 years and see if that figure equals...

Buying or Selling a Home: good faith money, jessica bryan, home realty
jessica bryan, home realty, earnest money: Dear Brian; I think that you are asking how much money you should ask for. The earnest money (good faith) is roughly 3% of the agreed upon price of the home. If, however,you were asking for wording for a clause to write into the contract that is another...

Buying or Selling a Home: I have good property for sale, wise county appraisal, mineral wells texas
wise county appraisal, mineral wells texas, waffle house: Yes, Dr. Rodgers, I do believe something can be done in a comparatively short time. However, please be aware that when I buy property, I must buy it at a price that allows me to make a profit in reselling it. If you will send me your phone number or your...

Buying or Selling a Home: grants, rural development loans, time home buyers
rural development loans, time home buyers, first time home buyers: I think you should contact your local housing authority, or even the chamber of commerce in your area. I am unfamiliar with any special programs for native americans as it is not a loan I deal with here in Ohio. But even if you are unable to find one specifically...

Buying or Selling a Home: green card/ c of o, sorry shawn, broker manager
sorry shawn, broker manager, card c: Sorry, Shawn. You got me stumped. First time. The only green card I am familiar with is the document a foreigner receives to work here in the U.S. As to how it applies to a property, I do not know. I recommend you ask your nearest broker/manager at a Century...

Buying or Selling a Home: In ground oil tank, oil storage tank, property disclosure form
oil storage tank, property disclosure form, hot water radiator: Hi Werner! I m going to have to find out the exact rule on this but as long as the oil is not leaking you do not have to do anyting. You must however disclose this material fact on your NC Property Disclosure Form. If you are selling your house yourself,...

Buying or Selling a Home: guaranteed home equity purchase, home owners insurance, relocation companies
home owners insurance, relocation companies, mandatory fees: Sorry to hear that. I would think a class action suit would settle everything, but time and money... Did your association ever think to write the local TV stations for public support? I would had thought that the State Attorney would had required the developer...

Buying or Selling a Home: H.O.A., landlord tenant, pryer
landlord tenant, pryer, unit condo: Debra, thank you for your question. I reccommend you check your lease agreement with your landlord to see if a parking space was listed as part of the units ammenities. If it was you need to present this to the landlord and let them know they are in default...

Buying or Selling a Home: H.U.D., Lease Purchase, V.A., lease purchase contract, lease purchase option
lease purchase contract, lease purchase option, necessary repairs: You would be better off just buying the home under a VA loan. VA loans are 100% financing with no money down and the seller can contribute 6% of the purchase price toward you closing cost, so you could possibly get into the house with no money out of your...

Buying or Selling a Home: H.U.D., Lease Purchase, V.A., lease purchase contract, lease purchase options
lease purchase contract, lease purchase options, lease purchase option: Hi Mike, A lease purchase home is really the same as any other. When the time comes to finance to buy the home then you can use your VA loan. As far as the HUD home, you will have to check with the VA loan department to see what their restrictions are....

Buying or Selling a Home: H.U.D., Lease Purchase, V.A., lease purchase contract, lease purchase option
lease purchase contract, lease purchase option, government foreclosed homes: Hud homes are government foreclosed homes. Those type homes along with any home sold by a bank or institution DO NOT sell homes through lease options. You will need to find a seller yourself. I do indeed recommend that you use your VA loan to buy out the...

Buying or Selling a Home: H.U.D., Lease Purchase, V.A., lease purchase contract, lease purchase option
lease purchase contract, lease purchase option, carey realty: Where would you like to purchase a lease purchase property. Will the VA allow you to refinance?? VA will always allow for a new purchase on decent property. i have seen bank repos assumptions, bond for deeds etc. lisacareyrealty.com----lisa carey realty 504-340-3429...

Buying or Selling a Home: Half Ownership, best bet, different times
best bet, different times, bahamas: Sorry to hear about your situation Bryon. I m not sure on the rules of selling a house in the Bahamas. How did you sign your deed for the house. (ex: tenants in common or tenants in entity) That would help decide if you can sell your share to someone else....

Buying or Selling a Home: HELP NEEDED IN SELLING MY HOUSE, selling a house by owner, david garcia
selling a house by owner, david garcia, time david: Realtors charge between 6-7% of sales price. Its very easy to sell yourself. All you need is to: 1. Place ads. 2. Have a sales contract. 3. Once contract is signed, turn it in to attorney or title company along with earnest money. 4. Go to closing...

Buying or Selling a Home: HElp in St Louis, creve coeur mo, relocation network
creve coeur mo, relocation network, referral fee: Hello Mike, 289 a sq ft is a very high number and the home must be incredible. I am concerned that you are not comfortable with the price for the home or the value in relation to other homes in the area. I m looking at realtor.com and I see that there are...

Buying or Selling a Home: Hello Sue,Right now I'm..., level thanks, decent income
level thanks, decent income, decent place: Dear AJ, Anyone who purports to know what will happen with the market doesn t know what they are talking about. The only thing I can tell you is that historically the market rises and then falls. Whether prices will plummet is highly unlikely (but noone...

Buying or Selling a Home: Help me, david garcia, motivated seller
david garcia, motivated seller, money down: Jennifer, Thank you for writing. Since your family is giving you land without a building (home) you ll need to get a construction loan to build a home in that lot. You can use the land as collateral to help you get a loan. Another option is to sell the...

Buying or Selling a Home: Help!, knowledgeable realtor, sba lender
knowledgeable realtor, sba lender, rental agreement: When a real estate agent earns a commission, he/she is the PROCURER. That is the key word. There is no judge in the land that would agree to pay your property manager a commission when YOU were the one who procurred the buyer. You want to make sure the...

Buying or Selling a Home: Help, termite inspection, time home buyer
termite inspection, time home buyer, first time home buyer: I am assuming that the Mutual Release Addendum will be signed by both parties releasing everyone from any future liability and also releasing you from the contract. It should note on it that all deposit monies now held on account of purchase should be returned...

Buying or Selling a Home: Help! Can I get my earnest deposit back?, contingency period, contract price
contingency period, contract price, sole option: Hey Chris, Interest rates, (and which ever lender you are working with deserves a slap since they did not advise you of this), are only a quote until and I REPEAT, ONLY A QUOTE of what they are on the day they were quoted. Your lender gave you a good...

Buying or Selling a Home: Help! House won't sell - want to go home!, home warranty, berkshires
home warranty, berkshires, good advice: Sorry things didn t go well and I hope that I can give you some good advice. I would sell one of your homes if they are holding you back financially. Is one of them already listed on the market for sale? If its not for sale, it just won t sell. After you sell...

Buying or Selling a Home: Help! Question on a Contigency, realator, first experience
realator, first experience, bernstein: Patti, I really can t answer that without seeing the contract. Were you selling the house by yourself without the benefit of an agent representing and advising you? Were the 2 offers you got later written? If they were not written or if they were not...

Buying or Selling a Home: Help with RE contract with developer, legal binding document, real estate contract
legal binding document, real estate contract, contract lawyer: This is a matter of contract law, and may vary state-to-state. You can get help from 2 places: a local REALTOR or a Real Estate/ Contract lawyer. I m sorry I can t be of more help but if you are trying to get out of this contract, or enforce it, you need...

Buying or Selling a Home: Help, Serious problem no one else knows, mobile home dealer, water under the bridge
mobile home dealer, water under the bridge, living with relatives: When you were given the property, you should have immediately bought title insurance on the property. They could have cleared the property for you or told you what you must do to clear the title. Now you know why the family member GAVE you that property. ...

Buying or Selling a Home: Help!!!!!!!, music to my ears, mentoring services
music to my ears, mentoring services, david garcia: Heather, You can read about our mentoring services in no money down investing by going to our site at: www.ezreinvesting.com We guarantee our students success. We offer 2 types of training: 1. Online training 2. Live personal 1 on 1 training....

Buying or Selling a Home: Helpful Help, jessica bryan, cosmetic repairs
jessica bryan, cosmetic repairs, cosmetic condition: Dear Jim; There are (among many other factors) two things that affect the price of the home in an appraisal; current market values based on comps and cosmetic condition. An appraiser doesn t usually know what is not functioning in the home and therefore...

Buying or Selling a Home: Helping with closing cost, earnest money deposit, realtor fees
earnest money deposit, realtor fees, formal application: Hello Karem and thank you for your question. One of the key points you failed to include is whether or not you are working with a real estate firm to sell your house and or is the buyer??? I ask because if you have priced your house fairly and are not...

Buying or Selling a Home: Helping daughter buy first home, debt to income ratio, fha loan
debt to income ratio, fha loan, conventional loans: First of all she might want to look at another type of loan option where she could be approved for more. Many non-conventional loans allow a borrower to qualify for a higher loan amount ( they allow a higher debt to income ratio, which means they can owe...

Buying or Selling a Home: Helping a relative, local realtor, first mortgage
local realtor, first mortgage, mortgage company: First of all, the one thing that I would keep in mind is that the person you are working with from the bank is probably not licensed and therefore is not held to the same standards that a Realtor or attorney would be. It doesn t seem like they mislead you...

Buying or Selling a Home: Hi. We are in So. CA. We..., seller broker, little chance
seller broker, little chance, knudsen: Ok That is a good question. As a Broker of 20 plus years I can tell you that the contract is probably valid. However if one of my customers was ever unhappy with me than I would generally release them given a little time to unwind the advertising etc......

Buying or Selling a Home: Hi,First thank you for..., southern california desert, judgement call
southern california desert, judgement call, palmspring: This is truly a judgement call on your behalf. But I do have a few suggestions for you to check out before you make any moves. If your renters were to move, how easily could it be converted to some other type of building use? like maybe a small hotel for...

Buying or Selling a Home: Hi, I am a first time buyer,..., first time buyer, ups and downs
first time buyer, ups and downs, allexperts: It really is a situation of how lucky do you feel. From what I gather at the national level (I am in the Midwest) California will probably continue to slide in prices for the time being. Your state is one of the few that has had a number of cycles with...

Buying or Selling a Home: Hi Regarding Financing, richmond ca, mortgage insurance
richmond ca, mortgage insurance, rule of thumb: Hi Michael, You do not have to pay mortgage insurance on the 20%. You only pay mortgage insurance on loans that exceed 80% of the homes value. 80/20 s do have higher payments then say loans with 10% or 20% down, but it s probably not as much as you might...

Buying or Selling a Home: Hiring a broker to sell a home, internet realtor, selling your home
internet realtor, selling your home, coworkers: Dear Bryn; Hiring a broker who works well with you and your needs is as important a decision as selling your home. Consequently, much thought should go into whom you choose to represent your property. Interview several people when making this choice. The...

Buying or Selling a Home: Historic Property, county court house, colonial property
county court house, colonial property, saint james: Hi Marianne, Thank you for your question. Your first step should be to go to town hall and look up the property records there. The owner should have a title report from when they bought the property. Maybe your agent can get a copy. If not, you...

Buying or Selling a Home: Historic Property, county courthouse records, jessica bryan
county courthouse records, jessica bryan, colonial property: Hi Marianne: This is a difficult problem. Your REALTOR is probably unable to help because there are no records existing from that time. However there could be some legal documents that might still exist at the county level. Have you tried the county courthouse...

Buying or Selling a Home: HOA Clause, value ratio, real estate agent
value ratio, real estate agent, net profit: I m not sure I fully understand your situation. Did the Realtor rent the house? I am guessing it was rent with the option to purchase? What is the 72 hour contingency? If you are referring to the Home Owners Assoc. rule and you are in PA the rule is that the...

Buying or Selling a Home: HOA Disclosure, contact process, voluntary membership
contact process, voluntary membership, home owners association: Hello Susan, thank you for your question, I am sorry to be late however I have been away the past few days, Hmmmm, unless in her offer to buy this new house, she specified in the Sale of Existing Home Contingency, her ability to buy is predicated upon the...

Buying or Selling a Home: HOA rules, strict restrictions, loan approval
strict restrictions, loan approval, precious time: Hi Aimee, Well, I sure feel for you and what you ve gone through and I can tell you that these situations are very common, unfortunately. Now, you asked me, so I m going to give you my best answer, even though it may not be the one you re looking for. First...

Buying or Selling a Home: HOA vs. Condo, building decks, format differences
building decks, format differences, condo board: Hello Michelle, thank you for your question. I m not certain if the rules in Florida differ from here in Virginia & DC so my answer may not be accurate. The essential diference as you already noted is the shared ownership of common areas and related...

Buying or Selling a Home: Home, first home buyer, david garcia
first home buyer, david garcia, last decade: No answer can be 100% accurate. I recommend that you do invest in Real Estate however.... make sure you have some equity in your investment just in case it goes down. Mr. Trump found himself in some trouble last decade due to depreciation in Real Estate....

Buying or Selling a Home: Home 4 sale near Atlanta @$150K, town of dallas, biloxi ms
town of dallas, biloxi ms, bridge loan: YOU COULD ALWAYS OBTAIN A BRIDGE LOAN IF YOU COULD HANDLE THE PAYMENTS UNTIL YOUR HOUSE SOLD. A BRIDGE LOAN IS A LOAN ON BOTH PROPERTIES THE HOUSE AND THE NEW HOUSE IN ONE LOAN. ONCE YOU SELL YOUR HOUSE( WHICH IS PROBABLY EASIER TO DO ONCE IT IS EMPTY IT...

Buying or Selling a Home: Home affordability, home affordability, credit card debt
home affordability, credit card debt, annual salary: Dear Markus, Pay a visit to your accountant and have him figure out your true cost of home ownership compared to renting. You might find that once you take into account what you will be saving on taxes and by taking more deductions (you might be able to...

Buying or Selling a Home: Home assessment, home assessment, tax assessors
home assessment, tax assessors, local real estate: Hi Claudia, Homes often sell for a little less or a little more than assessed value. Tax assessors offices are not experts of property valuation. They are experts at collecting taxes :) To answer your question... yes, the taxes would be based off of...

Buying or Selling a Home: Home assessment, home assessment, local county
home assessment, local county, asking price: No two states assess the value of their real estate the same. But in the main, most states assess the value of the property at a certain level, a level that not necessarily means that that is what the property is worth . . . up or down. In most cases, the...

Buying or Selling a Home: Home Buying, nest egg, state mortgage
nest egg, state mortgage, current place: The best advice I can give you about buying a house for the first time is to make sure you can afford it. Owning your own home involves more regular expenses than renting does. Do not spend every last penny of yours on purchasing a house. Make sure you...

Buying or Selling a Home: Home buyers rights or protection laws?, carpet padding, wet insulation
carpet padding, wet insulation, freak accident: Sounds like you really have a mess on your hands. I am very sorry to hear about what you are going through. I would suggest that you seek the advise of a qualified Attorney ASAP and follow his advise. Start documenting everything (photos, receipts, new...

Buying or Selling a Home: Home buying -walkthrough
Find yourself a reputable inspector and pay him to do the walk through with you and present you with a written report. This will be something that you can actually take to the builder. I would suggest that you and the inspector take a look alone (without...

Buying or Selling a Home: Home buying -walkthrough, plubming, loose wires
plubming, loose wires, electrical panel: Hi, I hope you did a home inspection initially right? If not you should be checking anything that you discussed that needed to be repaird or replaced. Usually you would pay and get a licensed home inspector to check out the property to see any defects....

Buying or Selling a Home: Home buying -walkthrough, todd thornton, windows and doors
todd thornton, windows and doors, electrical heating: Lou, The main thing is you want to verify any upgrades that were supposed to go into the home did and verify that everything is completely finsihed. Check to makes sure all the equipment is working. Plumbing, electrical, heating and air unit are all functioning...

Buying or Selling a Home: Home buying -walkthrough, minor imperfections, punch list
minor imperfections, punch list, construction crew: Some of the things you should be aware of are minor imperfections in walls, cabinets, etc. You ll be asked to make a list of all defects either during the walk-thru or within 30 days, which is called a punch list. The construction crew will come back and...

Buying or Selling a Home: Home buying -walkthrough, home warranties, dish washer
home warranties, dish washer, extended warranty: Congrats on the purchase of your new home!!! How exciting! I would recommend getting an inspection done. A home inspection is not just for old homes anymore. Even with new construction, things can be found. An inspector would crawl in the crawl space,...

Buying or Selling a Home: Home buying -walkthrough, cosmetic issues, doors and windows
cosmetic issues, doors and windows, foundation walls: Hello Lou, This sounds like a simple question but like anything with buying a home it can get complicated. Overview, Review your contract and understand warrantee information and final list of options and where they were to be installed. Start the...

Buying or Selling a Home: Home buying -walkthrough, attoney, building inspector
attoney, building inspector, building permits: Hi Lou, Thank you for your question. It sounds like you are about to close on your newly built home. Congratulations, that is always exciting. Of course you want to do a walk through to make sure you are getting what you expected in the contract....

Buying or Selling a Home: Home buying -walkthrough, construction debris, kitchen cabinets
construction debris, kitchen cabinets, exterior doors: Dear Lou, Thank you for contacting allexperts.com. Hire an experienced inspector to go with you. They know what to look for. It will be the best $200 you ever spent. He will check out the big stuff, the attic, crawlspace, furnace, to make sure that...

Buying or Selling a Home: Home buying -walkthrough, leak check, spigots
leak check, spigots, office supply stores: The first thing to check and see is if your builder will give you another walkthrough after you ve lived there. The builder I work with lets home owners turn in a 60 and 360 day walkthrough. If this is the only walkthrough you get, make sure it s thorough....

Buying or Selling a Home: Home buying, fib, executer
fib, executer, mother in law: You like to play dangerously, don t you? The county is going to catch up with you sooner or later. It s up to you how much you re going to report to the county. The house is located in an area of houses of certain values. If all of a sudden one of them sells...

Buying or Selling a Home: Home with a contingency, cindy cindy, judie
cindy cindy, judie, contingency: Cindy, This is a simple matter!! If the buyer has to sell their house in order to qualify for the loan, then you will get it. If they would just like to sell their home first, then they will be notified that you have made an offer, and will have 48 hours...

Buying or Selling a Home: Home Equity Loan, home equity loan, current market value
home equity loan, current market value, credit scores: It shouldnt hurt you chances if you pay off debt with some of the money you get. that will help you have less bills once you sell your house and may help you get more for your current home by doing some work to it. Just make sure it will bring more value...

Buying or Selling a Home: Home Inspection, american society of home inspectors, general liability insurance
american society of home inspectors, general liability insurance, narrative type: Good Evening, One of the best sources to find an inspector is the American Society of Home Inspectors. You can find them on the web at www.ashi.org. Make sure any inspector you hire is a member of ASHI. On that website, it will have a place for you to...

Buying or Selling a Home: Home Inspection, fireplace fans, john mckenna
fireplace fans, john mckenna, vent hood: Here is a general list of what many home inspectors cover: Foundation... Grading... Drainage... Attic... Roofing... Gutter... Flashings... Eaves... Structure... Walls... Ceilings... Windows... Doors... Lights... Plugs... GFI Protection... Water Heater......

Buying or Selling a Home: Home Inspection errors, mr sharpe, small claims court
mr sharpe, small claims court, arbitration clause: Hi Mr. Sharpe, I m sorry to hear about your problems with the inspector. You may have several recourses depending on which state you live in. First, you want several opinions from electricians and the city inspectors in writing. Not just their verbal...

Buying or Selling a Home: Home Inspection: What should be fixed?, cosmetic imperfections, initial walkthrough
cosmetic imperfections, initial walkthrough, new cabinets: Dear Maria, Without reviewing your contract I can t state for sure that you don t have an out but as for the walk-through items...once you sign off on the document and the condo it deems acceptance and there is nothing more to be said. You may not like...

Buying or Selling a Home: Home Inspection - Plumbing, vent stacks, real estate lawyer
vent stacks, real estate lawyer, p traps: Hi Peter, Hate to hear about the problem you re having with your plumbing. Should you home inspector have caught that? Honestly, probably not since it was a 2 story and all the 1st floor bathrooms were vented properly. The reason is these vents run...

Buying or Selling a Home: Home Inspection Question, roof gutter, plumbing lines
roof gutter, plumbing lines, gutter downspout: Hi Ed. You ve asked a pretty broad question there. I usually spend three to five hours at the house when I do an inspection, and I look at lots and lots of stuff. I believe the main purpose of a house is to keep the occupants dry all year, warm in the...

Buying or Selling a Home: Home Inspection, association of home inspectors, ashi member
association of home inspectors, ashi member, best bet: Kenny, Choosing a Home Inspector is getting harder and harder to do. We have a national association (ASHI, which I am still a member of) that used to represent better inspectors, but has now gone over to become a marketing association. Used to be, being...

Buying or Selling a Home: Home Inspector nightmare, culligan man, corosion
culligan man, corosion, hurricane season: Hi Martine, I m sorry to hear about your home! The first things that caught my eye were the fee (really cheap for any decent inspector) and the fact that he was there only 45 minutes. Most good inspectors will take anywhere from 2 to 3 hours or more...

Buying or Selling a Home: Home inspection item overlooked by buyers, home inspection contingency, central heating system
home inspection contingency, central heating system, property disclosure: Hmmmm, again I would vote since there was no offer in your listing as this to be part of the HVAC System nor did you note it anywhere in the MLS or in your marketing materials, they would have no claim - but once again, I am no expert in Maryland, my regrets...

Buying or Selling a Home: Home inspection revelation????, mold problem, black mold
mold problem, black mold, crawl space: I was just advised that this question was waiting for me. The notification may have been lost in my attempt to delete virus e-mails before opening them. My apologies. This also sounds a lot like another question I answered recently, but here goes. ...

Buying or Selling a Home: Home inspection, expansive clay soil, member ashi
expansive clay soil, member ashi, national test: Hi Kenny, The first step you should do in choosing a home inspector is go to http://www.ashi.com and locate a member. ASHI is the oldest home inspector organization in the nation and as member we re required to pass a national test and obtain at least 20...

Buying or Selling a Home: Home Loan, real estate loans, judie
real estate loans, judie, free consultation: Tommy, This question can be better answered by a lender rather than a Realtor. Also, these requirements differ, according to the area in which you live. Rather than go through this site, contact your own bank and ask these questions. If they do not make real...

Buying or Selling a Home: Home Loan, boca raton florida, state mortgage
boca raton florida, state mortgage, president state: Your scores should be fine in one year and up in the 620 range. That range will qualify you for 100% financing. My suggestion for getting your scores up is to get some credit cards and dont use them. The availability of credit to you is key to having...

Buying or Selling a Home: Home Loan, todd thornton, fha loan
todd thornton, fha loan, best guess: Tommy, It s hard to say because there are so many variables to a credit score. One of the best websites to learn about credit is www.myfico.com. Just click on credit education. A score of 620 would typically be needed if you place 5% down on a conventional...

Buying or Selling a Home: Home Loan, credit inquiries, fha loan
credit inquiries, fha loan, time scores: Scores are very important in applying for a mortgage.Unless it is a government loan. You could actually apply and be approved credit wise on an fha loan now. It is not credit score driven and as long as your derogs are paid off , and you have some credit...

Buying or Selling a Home: Home Owners Association Assessments, small claims court, roof assessment
small claims court, roof assessment, home owners associations: My guess is that you at least got a hint of what was happening well in advance of the April 25 date. That s the way things happen with HOAs. Word gets around. And I will bet the plaintiff will show proof of that in small claims court. To see if you have a...

Buying or Selling a Home: Home Owners associations, true homeowner, home owners associations
true homeowner, home owners associations, common land: Richard, It is difficult to answer your question, but it sounds like you have an association of neighbors rather than a true Homeowner s Associaiton which usually cost much more and provide services in return for your fee (there is actualy more involved...

Buying or Selling a Home: Home ownership after marriage, warranty deed, state of south carolina
warranty deed, state of south carolina, home ownership: In most states, Pam, it must specifically say the first spouse has deeded title to the second spouse. He can give you title with him via quit-claim or warranty deed. But, I strongly suggest you consult with a REAL ESTATE attorney to make sure that is the case...

Buying or Selling a Home: Home Purchase, u s air force, home certificate
u s air force, home certificate, guarantee certificate: The V.A. guarantee certificate works as follows: The certificate simply means that the V.A. will guarantee up to the amount on your certificate of any V.A. loan you qualify for. The certificate is considered to guarantee 25% of your loan amount. So basically...

Buying or Selling a Home: Home Purchase, loan guarantee program, u s air force
loan guarantee program, u s air force, home certificate: Hello Mike, sorry for my delay in responding as I had been away over the long weekend. I ll do my best to answer your questions. As far as your VA eligibility is concerned, you should not have trouble in exercising your priviledge. If you are not in...

Buying or Selling a Home: Home Purchase, va home loans, u s air force
va home loans, u s air force, home certificate: Hello Mike, Thank you for contacting me for information regarding VA home loans. I think it is best to consult with a mortgage lender with experience in VA loans to get the best answers to your questions. We have such experts at allexperts.com. If you...

Buying or Selling a Home: Home Purchase, chapter 7 bankruptcy, huntsville alabama
chapter 7 bankruptcy, huntsville alabama, contract subject: Michelle, I can help you buy a home without any credit & little money down. It s called owner financing. There are several strategies for owner financing such as rent to own, land contract, subject 2. Please tell me what city you re looking to buy...

Buying or Selling a Home: Home Purchase, home warranty company, garage door hardware
home warranty company, garage door hardware, serious things: I am very sorry to hear about your hardships. It sounds like you purchased an older home with old equipment. There are a lot of questions I would have to ask you to arrive at a clear picture of what did and did not take place at the time of the inspection....

Buying or Selling a Home: Home Purchase Nightmare, return response, mortgage approval
return response, mortgage approval, emd: On your purchase agreement there is a clause that stipulates that if you do not qualify for your loan to buy their house, Laci, they agree to release your EMD. So what is the problem? Further, the attorney did not seem to offer you any help. There must be...

Buying or Selling a Home: Home Purchase, u s air force, home certificate
u s air force, home certificate, guarantee certificate: Hi Mike thank you for your question but most important thank you for serving and keeping us safe. I know that you buy a home or condo or mobil home with your VA on not sure about an office. I suggest you contact a local lender that deals with VA. Good Luck...

Buying or Selling a Home: Home problems, real estate inspectors, texas association of real estate inspectors
real estate inspectors, texas association of real estate inspectors, professional home inspector: Welcome to Texas Patrick! The #1 problem with our homes is moisture related problems. Whether water intrusion or rotted siding, water is a big problem here and most homeowners don t know how to deal with it. From there it can be a mix of things from...

Buying or Selling a Home: Home For Sale - Insurance for Vacant Home, insurance broker, insurance agent
insurance broker, insurance agent, insurance company: Yes, Janice, that s what insurance companies do. They try to eliminate any slight chance that they might have to take money out of their pockets. A vacant house is a big liability. All kinds of things can happen, not the least of which some vagrant or kids...

Buying or Selling a Home: Home Sales, foreclosure investment, bank reo
foreclosure investment, bank reo, whole slew: Just be patient, Miguel. You will soon have your pick on which property you want to pick up. If you think the prices are still too high . . . wait. Nothing says you can t make offers the price you are willing to pay, regardless of how high their asking...

Buying or Selling a Home: Home Sell, capital gain tax, allexperts
capital gain tax, allexperts, tax consultant: Hello Tom, Sorry for the delay in responding. Fot this particular question I will have to refer you to the accountants at AllExperts. Make sure you let the Expert know what state the property is in also. I think a tax consultant is the best source to respond...

Buying or Selling a Home: Home Showings, home showings, realtor
home showings, realtor: Jeff, Of course all agents would LOVE to sell their listings themselves but it does not always work out. It is very common that listings agents do not always have their own buyers for their own listings. The most important thing is that your agent is getting...

Buying or Selling a Home: Home sell., revocable living trust, successor trustee
revocable living trust, successor trustee, quick deed: First of all, Jose, it is obvious that the mortgage agent simply wants to earn a commission from making a loan and he doesn t care from where it comes. What kind of business does your father want to start? Does he have expertise in that business? Or are...

Buying or Selling a Home: Home not selling, mint condition, interior work
mint condition, interior work, s market: I am sorry, Sharon, but no one has a crystal ball to look into the future. My suggestion would be to consult with your accountant and see what is best for your situation. A steady income is never a bad idea; waiting and seeing what may or may not happen...

Buying or Selling a Home: Home not selling, mint condition, interior work
mint condition, interior work, vultures: Have your Realtor take you around to other listings, the more recent the better, that are in your category. When you have decided what is the average price for those homes that are similar to yours, make sure your new listing price is BELOW ($5,000 or more)...

Buying or Selling a Home: Home selling, knick knacks, baking soda
knick knacks, baking soda, neutral color: Hi Derrick, This advice is pretty general, but important. Let me know if you have anything specific to your home that I can help you with! 1. Curb appeal is your first priority - Buyers won t even bother scheduling an appointment if they don t like what...

Buying or Selling a Home: Home Title, homevestors, paying taxes
homevestors, paying taxes, asking price: Hi Rcee, This sounds complicated. I think you are asking me if the buyer would expect the taxes to be less as a one family. The buyer already offered a price and signed contracts based on the taxes shown on the listing sheet. Taxes are based on value....

Buying or Selling a Home: Home Values, exterior stucco, magnolia tree
exterior stucco, magnolia tree, zillow: Are you saying that a website like zillow or others always calculates your neighbor s house higher than yours, or that an actual appraiser does? Personally I wouldn t worry about what an online site gives you. I have seen zillow miscalculate a duplex as...

Buying or Selling a Home: Home values with pool vs. without, old orchard beach, orchard beach maine
old orchard beach, orchard beach maine, old orchard beach maine: Hi janet, I would list it and see what happens. If you find that most people are not interested in the above ground pool then make the necessary adjustments. Right now, the market is still good and people are looking for nice properties. If your property...

Buying or Selling a Home: Home, first home buyer, first time buyer
first home buyer, first time buyer, manufactured homes: If your credit is good, we would have no problem. I have many floor plans, and you can have a home delivered for well under $200,000...I m referring to a TOP QUALITY Skyline Home...you can select from many levels of accessories, but the price I gave you...

Buying or Selling a Home: Homes, mdc holdings, bernstein
mdc holdings, bernstein, year end: Dear Toshio, This really isn t something within my expertise but I would guess that that is the number of subdivisions that are still available for purchase. My guess is that once they are fully sold out they are no longer active....but this is just a...

Buying or Selling a Home: Honest agent??, honest agent, informative letter
honest agent, informative letter, 7 cities: Not wanting to mislead you, I ve afraid that I still have more questions than answers! For example, it wouldn t be uncommon to use comparables from the less desireable area as supplemental sales data provided that there was an adjustment made to account...

Buying or Selling a Home: Honest builder?, escrow account, insurance survey
escrow account, insurance survey, license history: Hi Bev, Thank you for your question, normally the escrow is held by a title company or an escrow company depending were you live. As far as the builder, find out what other projects he has done and check them out, also find out if there s any complaints...

Buying or Selling a Home: Hot tub not specified in contract, regional sales, hot tub
regional sales, hot tub, home inspection: Hello Oscar and thank you for your question. Usually a Sales Agreement will prevail in such matters as in that document, it details all personal property that is to be conveyed in the sale. There is a space provided in the NVAR new Regional Sales Agreement,...

Buying or Selling a Home: House appraisal, house damage, water storage tank, arcata ca
water storage tank, arcata ca, sunspace: I ll break the question down into sections: I visited my fathers house recently and found his sunspace (10 x20 , attached to house, with slant glass) very damaged along one 2.5 high by 20 long wall. We d like to just repair the rotted wood area, and...

Buying or Selling a Home: House built on sewer easement, foot easement, county planners
foot easement, county planners, sewer line: I suppose you could petition the utility to abandon the easement, but your house is too new for that. But you could try. At least get them to modify it to five feet. And use your own attorney to do it. As for not use for five years, you talking about taking...

Buying or Selling a Home: House and Child Support, extra marital affair, correct steps
extra marital affair, correct steps, property mortgage: I strongly suggest you consult with a REAL ESTATE attorney to make sure you are taking the correct steps in your state. Every state is different in treating your situation. The fee you pay will be worth keeping headaches away. I wish you well. Dick Denni...

Buying or Selling a Home: House costs, tax benefits of home ownership, benefits of home ownership
tax benefits of home ownership, benefits of home ownership, succinct explanation: Yes, owning a property with multiple unrelated owners purchasing under a well devised partnership agreement will work. I do strongly advise that the services of a well seasoned Real Estate Attorney be sought before looking for any properties. Regards...

Buying or Selling a Home: House Deed in two names, financial partnerships, new mortgage
financial partnerships, new mortgage, regarding your situation: The answer to the first question is easy, yes all you need to do is refinance the home under your name and at the closing he will be released off of the deed. The answer to the second is a little tricky. I would recommend talking to a real estate attorney...

Buying or Selling a Home: House Is Falling Down Around Me and (Maybe) Un-Sellable., electric heat pumps, hot water heater
electric heat pumps, hot water heater, wood siding: Based on what you have said, I might be interested in helping you, Karen. I have seen many of these kind of houses you describe. Takes a lot of money, blood, sweat and tears to make it right. Where are you located. Allow me to get a better idea of what...

Buying or Selling a Home: House flipping/rehabbing, rehabbing houses, vinyl tile
rehabbing houses, vinyl tile, new investor: Angie First of all check your market area on pricing and market times on homes. The selling price you wrote about seems extremely low. Any home that is listed well below market value needs to be looked at closely. Flipping homes is not as easy as the books...

Buying or Selling a Home: House Inspection, real estate lawyer, water pipes
real estate lawyer, water pipes, fannie mae: I think if they are not allowing an inspection of pipes or electrical then there has to be something wrong with it. Both plumbing and electrical are very expensive. The price of redoing both could be approaching $15,000. I don t know what sort of buyer...

Buying or Selling a Home: House inspection, agent referrals, gov agency
agent referrals, gov agency, conflict of interest: Since your husband paid for half the inspection, my opinion would be that he should have access to it. I would see if B.C. has a Commission or other Gov. agency that regulates home inspectors there. If so, you might want to file a complaint with them....

Buying or Selling a Home: House Ownership, r m french, legal ramifications
r m french, legal ramifications, real estate contracts: In the United States you cannot enter into a legal and binding contract unless you are at least 18 years of age or have been emancipated by court action. This includes real estate contracts as well. Your name may be put on the deed (or title) of a house...

Buying or Selling a Home: House Refi or not, aol profile, propensity
aol profile, propensity, refi: It s up to you, Clyde. Would you rather continue with the payments you are making now, or would you rather pay something like $366 which is what the payments would be for a $55,000 balance at 7% If you actually inherited the property, then the title of...

Buying or Selling a Home: House with remodeled bath & kitchen and windows changed with no permit, city inspector, desirable area
city inspector, desirable area, home inspector: Hi RB, (I like those initials!) I can t really tell you if you should go into the deal, but I can give you some info that may help you make a better decision. First off, many homes have different things done to them over the years without permits. In some...

Buying or Selling a Home: House rent to own., rental dwelling, voluntary move
rental dwelling, voluntary move, personal belongings: Hi Narciso, I m going to list below by category of sell vs rent to own the pros and cons of each. My items below are not necessarily ALL the pros and cons, but a list of the major ones that come to mind. SELL 1. You get all your money at closing. ...

Buying or Selling a Home: House Will Not Sell, first time buyer, mr dennis
first time buyer, mr dennis, s market: 1. Your price is too high! Guaranteed. If you want to sell your house in today s BUYER S market you should at least lower it by that $30,000 you mentioned. Later on, you re going to have to lower it $40,000 or $50,000 if not more. The only houses that sell...

Buying or Selling a Home: House Size, small claims court, sales representation
small claims court, sales representation, appraisal report: First, your friend should check the original sales representation that it doesn t say, 2800 sq ft M/L (more or less). That could be an excuse for the builder. The difference is 130 sq ft, which is 1.43% of the purchase price. On a $250,000 purchase price...

Buying or Selling a Home: House sold out from under renter, sign contract, prospective buyer
sign contract, prospective buyer, month and a half: What state? Is there a lease? If there is a lease, the landlord would be in trouble. If there is no lease, then your friend can not do anything. In Real Estate, verbal means nothing. It must be in writing. So the fact that your friend was told...

Buying or Selling a Home: House Under Contract, approval letter, new contract
approval letter, new contract, asking price: Dear Kim: I feel so relieved that you have sought help from a professional and reliable source. So, your house is remaining on the market subject to a right of first refusal. Wise move to only obligated yourself for thirty days. As we discussed, this clause,...

Buying or Selling a Home: House upgrades, mandeville louisiana, fernley nevada
mandeville louisiana, fernley nevada, paver patio: First of all, Danny, who is Lisa Carey (at the top of this message)? You have asked some pretty good questions. Let me address them as they have been presented: By far remodeling the kitchen is your best bet when you are ready to sell your residence....

Buying or Selling a Home: House vlaues and fence types, chain link fencing, chain link fence
chain link fencing, chain link fence, fence types: Dear Paul; By the subject of your question I am assuming that there are no restrictive covenants in your neighborhood that address this issue. Since you have a HOA then I would think that there are, however, certain restrictions or guidelines written into...

Buying or Selling a Home: House withToxic Mold in attic, aspergillus penicillium, toxic molds
aspergillus penicillium, toxic molds, toxic mold: Julia, I can t comment on prices, but I can comment on mold. It is important to understand that all houses have mold. The question is not whether it has mold but whether you or your family are susceptible to it. It also depends on the amount of mold....

Buying or Selling a Home: House, jessica bryan, real estate appraiser
jessica bryan, real estate appraiser, title insurance: Dear Claire; Get the home appraised by a real estate appraiser. Then have it inspected to make sure that there are no hidden problems and if there are, how much the repairs will cost. This should be calculated into the price that your brother will pay for...

Buying or Selling a Home: Housing business, mr beggs, lennar homes
mr beggs, lennar homes, kaufman and broad: Hi Toshio, Yes, I would say that in the context that you are refering, that spec homes are what we call tract homes and are not made to order homes which we call custom homes. Also, spec homes do tend to be less expensive then custom homes because...

Buying or Selling a Home: Housing grants, local hud office, iowa north dakota
local hud office, iowa north dakota, housing grants: Hi Anne, Thanks for your question. You can start with your local HUD office, Housing and Urban Development. Also try Habitat for Humanity. Then get yourself a mortgage preapproval, toll free, 888-421-3812. Some town in states (Iowa, North Dakota,...

Buying or Selling a Home: Houston Price Disclosures, new apartment building, price disclosures
new apartment building, price disclosures, real estate transactions: Well Neil: That is why you need a buyers agent. The selling price of a property doesn t have to be public knowledge. But if you have a REALTOR who represents you, then they will do all they can to provide that info. Would you like me to find you a Buyer...

Buying or Selling a Home: HUD backed out-Michigan, hud foreclosure, california realtor
hud foreclosure, california realtor, local realtor: Dear Tracy: Thank you for your inquiry... Unfortunately, being a California Realtor, the laws and regulations are different in our area. By going to Goggle and searching affidavit of fixture I found a Michigan website http://www.michhome.org/industry-titlecancellation.html...

Buying or Selling a Home: Husband selling a townhouse, social security number, john hall
social security number, john hall, thanks john: Michelle: I am not familiar with the real estate laws in Minnesota. Here in California the only ones needing to sign a sales agreement and disclosures are the ones that are on title. You may want to contact a real estate attorney or another Realtor...

Buying or Selling a Home: what happens with the deposit, self emplyed, pre approved mortgage
self emplyed, pre approved mortgage, schedualed: I am not familiar with contracts in New Jersey. Generally speaking, if the buyer is not at fault of deliberately sabotaging his/her ability to get a loan and then can not, the deposit is returned to them. However in Maryland, the buyer and seller have to...

Buying or Selling a Home: how do i do this any help would be appreciated., mls multiple listing, local realtor
mls multiple listing, local realtor, multiple listing service: Hello Melody, Finding a handicapped accessable home is not as easy as it should be. I would start by speaking with a local Realtor that will make recommendations about neighborhoods and also set up a search on your local MLS (Multiple Listing Service) to...

Buying or Selling a Home: help in a poor economy, housing market slowdown, real estate career
housing market slowdown, real estate career, agent competition: Hi Cynthia, I feel your pain with the housing market slowdown. My best advice is hang in there if you can. The housing market, like everything else, is cyclical and will get better. If you can weather the storm, there will be a lot less agent competition...

Buying or Selling a Home: hi, foreclosure proceedings, heir
foreclosure proceedings, heir, probate: Hi Ann - Sorry for the delay in my answer. I have a couple of questions for you. While you ve been living in the house, have you been making payments to the lender? Do you want to stay in the house? Are they probating your father s estate? Are you...