Escalation Clause Trust Issues Real Estate |
- Escalation Clause Trust Issues
- Got a pretty urgent question i made a mistake and dont want to get sued.
- I am closing on a new construction home this Monday, but it has issues. What are my options!
- Sanity check before I push back on my landlord
- Seller taking longer than 3 months closing period. What are my options?
- 10 year mess of drama. How to fix?
- Are we really getting an accurate view of the market by including "Active" & "Pending" listings into a CMA?
- How do I know if my exclusive broker greement is a good idea or if I'm getting ripped off?
- What are some of the dirtiest tricks you’ve seen an agent do that are not against the law
- Trying to understand the painpoints real estate professionals face.
- How to break up with a realtor who's a friend?
- Closing Costs Doubled
- Can mortgage terms be transferred?
- Selling Home-2 bids, who pays?
- Question about legal mechanics for listing
- How do you become an agent?
- Can mortgage preapproval take future earnings?
- Buying a multi family as a residential not commercial property in Massachusetts
- Rental Property Laws in Australia to do with Safety
- How do you go about making a change to an executed agreement of sale?
- Mortgage Loan Estimate - Good Deal?
- In a standard agreement of sale, who are the three parties that have an interest in the agreement?
- Can I fire my realtor?
- Best ways to get leads
| Escalation Clause Trust Issues Posted: 31 Jan 2019 07:55 PM PST Hi There, I live in Seattle. Just bought (buying) a house. I put in an escalation clause and I ended up getting the house for my exact maximum price. The next highest offer was from "Joe Smith" just low enough to hit my last escalation increment. I'm actually happy with the price and the house, but the whole thing seems suspicious to me.. Curious what others have experienced with Escalation clauses. [link] [comments]  |
| Got a pretty urgent question i made a mistake and dont want to get sued. Posted: 31 Jan 2019 11:30 AM PST So my dad is putting his property up for rent with an mls agency. I didn't know he had signed the contract to use them yet, and I had put up an ad the day before and I told him about it and he said they can sue him for this. It's only been a day since he signed and I already deleted the ad. And removed the post completely from the internet. I feel super bad now because I was only trying to help and I don't want to end up costing my dad thousands of dollars. The post was only up for a few hours but im now scared this could cause a headache. Any advice please? We both have zero experience in this [link] [comments]  |
| I am closing on a new construction home this Monday, but it has issues. What are my options! Posted: 31 Jan 2019 06:41 PM PST Hey everyone, I will try to explain this the best I can. My builder is in the Atlanta area, and I decided to buy a home in a new community a few months ago. That home is now ready to be closed on, this upcoming Monday. I did a walk through last week, and had a home inspection done. There were alot of issues. 2 leaks, a bunch of small issues in the walls (house covered in blue tape) and a split in a wood in the roof. The builder guaranteed that the issues would be resolved before my closing (this upcoming monday). On Monday I am supposed to have a final walk through and then close. I read the builders review on yelp and saw that someone in the same community has a bunch of unresolved issues when they signed, and now the builder has not fixed them. I contacted that person via Yelp and they told me not to sign until everything is fixed because alot of people are having this issue in this community. What are mu options??? I will have a talk with my agent in the morning, but I feel like he may just want me to sign. This is my first time buying a home, and now I feel like I have no idea what I am doing. I have already put down like 15k in deposits, the builder said they are non refundable. If things are not fixed by Monday what should I do??? Help!! Please! Thanks! [link] [comments]  |
| Sanity check before I push back on my landlord Posted: 31 Jan 2019 06:43 PM PST Hey there, So, here's the situation. We've been living in a rental home with my family of 5 for 4 years - my wife and my three children, who are now teenagers. We've always paid the rent on time (usually a week or two early), taken care of most of the repairs on our own, cared for the lawn, been overall pretty awesome tenants. Recently, though, we had an elderly family member without insurance who had a stroke, and since no one else in the family could take care of her, we took her in. We immediately called the landlord multiple times, she didn't answer, and we left a voicemail explaining the situation and asking her to call us back. Two weeks later, she calls me and explains that she's not really comfortable with the situation, that she's had elderly family members who had stroke-related dementia who caused real damage to the property, trying to set the house on fire, that kind of thing - even went so far as to suggest having her here in the house constitutes a risk to my children. I asked her if we could stay at least until the end of the lease, and she said something like "I don't know.. there's a lot of liability involved.. I'd have to talk it over with my husband." After a bit more back and forth, by the end of the conversation, we agreed that I should start to look for another place. So, I did. I'm fortunate enough to be pretty well employed and my job isn't really geographically dependent, so I quickly applied for a transfer to a new city, was approved, and I've already secured approval on a new home in a rent-to-own program. I'm hoping to have my family into the new home by the end of February. Of course, as soon as we sealed the deal on the new place (now 2 weeks later), my landlord calls me back and says she talked it over with her husband and they want to "try it out" - but now all the balls are in motion, we've broken the news to the kids, and I'm officially transferred as of March 1st. She's now trying to say it's going to be difficult to rent in March, and that "there is a lease on it", so she's at least thinking about enforcing it. From a legal perspective, she's right - I moved someone in against the lease, and now I'm requesting an early termination. But really, she had every opportunity at any point in those two weeks after she told me to start looking to call me back and say something, but she didn't. Now there's no turning back, but I really don't think I should be responsible for the entire remaining balance (another 4 months rent). So, I'm considering pushing back on her, just not sure how much ground I have to stand on.. Thoughts? Opinions? [link] [comments]  |
| Seller taking longer than 3 months closing period. What are my options? Posted: 31 Jan 2019 10:45 PM PST Hi guys, Im tryin to buy a house in nyc. Seller asked for 3 months to close. I agreed as i really like the property. It has been 3 weeks past the 3 month period. Seller has already cashed deposit we have in escrow to buy a house in pennsylvania ( i thought it was weird, but they seem to be a mess). Now it seems their lawyer is working to make sure we have a clean title to close. But this process is taking longer than i anticipated. I still want the house and i was wondering what i can do here. I dont want to wait another month. Can i threaten to pull out? Ask to lower price to conpensate for opportunity cost of waiting? Thanks! [link] [comments]  |
| 10 year mess of drama. How to fix? Posted: 31 Jan 2019 12:59 PM PST Alright I guess I'll start off my story by saying that this all happened in the state of California. So a few weeks before I turned 18, my biological "mother" put a $5,000 down payment on a house I had decided to purchase. When I turned 18 a few weeks later, I received some settlement money and paid the remaining $85,000 on the house. I handed my "mother" her $5,000 back. Well, it turns out that since she started the initial process... She was deeded 50/50 joint tenancy. So a few weeks later she called me and told me to pay her $30,000 and she would sign off on her half of the house. Well, it's been over 10 years. I have been unable to make any contact with her for 6 years. I am the sole person to pay the taxes and any maintenance / upkeep on this property. What the Heck am I supposed to do? Last time we spoke, she got married and called me telling me she was going to leave her half of my house to her new husband when she died. Ideas? Suggestions? [link] [comments]  |
| Posted: 31 Jan 2019 12:43 PM PST At least in my MLS, "Active" & "Pending" listings don't update to the final selling price until it is marked as "SOLD". I've seen instances where an agent will price a home very low to build interest and eventually sell at a much higher price. So if on Monday I include the "Pending" listing at 123 Main St priced at $800K in my CMA to get my averages, but the home is changed to "Sold" the next day with an updated final selling price of $850K, wouldn't this make my CMA redundant? Do these instances matter or am I just over thinking it? [link] [comments]  |
| How do I know if my exclusive broker greement is a good idea or if I'm getting ripped off? Posted: 31 Jan 2019 05:07 PM PST First time home buyers and we are in the our 20s; we have a realtor that we met with who seems competent but in terms of factual data on her we have none. She's wanting us to sign an exlusive agreement for 12 months plus a 3 month protection period at 3%. We are in Utah, is this standard? Above normal price? [link] [comments]  |
| What are some of the dirtiest tricks you’ve seen an agent do that are not against the law Posted: 31 Jan 2019 06:34 AM PST Or subtle tricks in general that you see that has put them ahead of the curve. [link] [comments]  |
| Trying to understand the painpoints real estate professionals face. Posted: 31 Jan 2019 09:27 PM PST Hey all, just trying to gather some info on the difficulties real estate agents encounter. I'd really appreciate you filling out this google survey. [link] [comments]  |
| How to break up with a realtor who's a friend? Posted: 31 Jan 2019 05:41 PM PST I've been trying to buy my first house for nearly a year in a tough market. I've made 13 offers now without success. My realtor is a longtime friend of my boyfriend, and while I really like him and trust him, I can't help but think there may be better agents out there. 99% of the houses we've looked at are things that I've found on Realtor.com, and he's never been able to get me into anything before it's listed. I feel bad at this point because we've probably looked at over 100 places, although I took a break from aggressively searching for the last month or so. Regardless, he's put a lot of time into this without payoff. Anyone have any advice? [link] [comments]  |
| Posted: 31 Jan 2019 06:39 AM PST My fiance and I are working on closing on our first house. I just got the paperwork and the closing costs have doubled from what the lender told us they would be. We simply don't have that kind of money right now. Any suggestions on what options we have? I'd rather not just drop it all and lose my earnest money deposit and home inspection costs. Thanks in advance. [link] [comments]  |
| Can mortgage terms be transferred? Posted: 31 Jan 2019 05:26 PM PST My dad is eligible for a VA loan with great terms- half as much interest as we'd pay, and zero down. He wants to get a loan to get us a house, then turn over the mortgage to us on those terms, then use his VA eligibility to buy himself a house. Is that even possible? [link] [comments]  |
| Selling Home-2 bids, who pays? Posted: 31 Jan 2019 04:49 PM PST We are selling our home and have just gotten through the inspection. The buyers have agreed and signed to "we (the sellers) will fix _____ (repairs) up to the total price of $5,000." Our contractor got us a bid for $2,300. They waited before signing to get their own contractor to come out, and his bid was much higher--$4750. So, who pays? We were concerned about this when we got wind that they were getting their own contractor to take a look and asked our realtor what would happen in the event our bids didn't match up. He said "we'd figure it out" or something to that effect. So...what do we do? Their bid is technically within the $5000 allotment but way more than our bid (and conveniently within the $5000 limit...). Both bids are from licensed contractors. [link] [comments]  |
| Question about legal mechanics for listing Posted: 31 Jan 2019 04:44 PM PST In the Commercial Real Estate Market, I am curious if a property listed by broker on the MLS can also be listed elsewhere (Example: Craigslist like Marketplace) for additional exposure? Are there any legal considerations for listing a MLS-listed property on other websites? If the property can be listed elsewhere, can the owner and the broker both list the properties? [link] [comments]  |
| Posted: 31 Jan 2019 04:34 PM PST I was wondering what I have to do to become a real estate agent. How difficult is it and what is the information like? [link] [comments]  |
| Can mortgage preapproval take future earnings? Posted: 31 Jan 2019 04:23 PM PST I am 100% disabled through the VA, and won't be receiving my payments until June of this year (roughly 3400/mo). If I have this in writing will they take that as proof of earnings for the mortgage? I plan on using a VA loan also. Thank you for any and all input! [link] [comments]  |
| Buying a multi family as a residential not commercial property in Massachusetts Posted: 31 Jan 2019 03:23 PM PST Hi, I'm hoping someone could point me in the right direction. My mom and her siblings own a 5 unit multi family that they are thinking about selling. If my mom and I co-signed a mortgage, would we be able to take a conventional loan instead of having to take a commercial loan. My understanding is that any multi family greater than 4 units would need a commercial loan, but I was wondering if this is still the case if one of the owners wants to buyout their siblings by taking out a mortgage?? Hope that all makes sense Thanks! [link] [comments]  |
| Rental Property Laws in Australia to do with Safety Posted: 31 Jan 2019 06:25 PM PST |
| How do you go about making a change to an executed agreement of sale? Posted: 31 Jan 2019 01:43 PM PST |
| Mortgage Loan Estimate - Good Deal? Posted: 31 Jan 2019 09:47 AM PST My wife and I are in the process of purchasing our first home. We've locked in a rate with a local bank but I decided to do some shopping around just to make sure we got the best deal. Now I'm struggling to determine whether one is better than the other. Home Details:
Local Bank Loan Estimate:
Larger Mortgage Company Loan Estimate:
Can someone tell me which of the loan estimates are a better deal? Should I be negotiating anything more in particular with my local bank? EDIT: clarified the interest rates as both being fixed rates. One is locked as of right now, the other I'm trying to decide whether to move forward with or not. [link] [comments]  |
| In a standard agreement of sale, who are the three parties that have an interest in the agreement? Posted: 31 Jan 2019 01:10 PM PST |
| Posted: 31 Jan 2019 12:24 PM PST Building a new home in TX. My wifes old co-worker is a realtor, so we decided to write his name on the contract. (They told us we had to write a name the day we signed or no realtor.) We met with him one time at the very beginning. Our home is being built, and we havent heard from the guy in well over 8 months. At this point he's going to collect like $6000 for nothing and that makes me feel uneasy. Can you fire a realtor? Is that a dumb question? The builder is going to send us an amended contract soon with a new closing date, can i tell them to take his name off of it? Is it that simple? [link] [comments]  |
| Posted: 31 Jan 2019 12:23 PM PST Hi reddit I'm very interested in becoming an agent after I finish high school, my question is what methods are the best for making listings? Especially for a newcomer like myself. Thanks [link] [comments]  |
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