Realtor refusing to let me out of contract after stating she would. Real Estate |
- Realtor refusing to let me out of contract after stating she would.
- Help!! Lost job during closing..
- Contracts fell through, who gets earnest money
- Septic tank question
- The new housing industry has completely lost its character and older homes seem to be the ideal buys
- Clear to close-will lender need anything else?
- What is the best way to search for a home across a broad area?
- Some questions for Appraisers
- Looking to buy a home On Long Island house has no permits
- Current military here. How can I get into real estate?
- Is there anything I can do to pay lower interest OR APR on my current mortgage?
- I want to take my house off the market
- Appeal of a cash offer vs financed offer when appraisal contingency is waived?
- Tank vs Tankless Water Heater
- How can I get this property?
- Seller's timeline. Cash offer.
- Sales associate license
- What should happen? Contract Dispute
- Buying from Zillow
- Property line adjustments …
- Renting with a new job
- real estate said 2 family title company came as 1 family dwelling
- Disregard for PII Protection by Title Company
| Realtor refusing to let me out of contract after stating she would. Posted: 04 Nov 2021 08:30 AM PDT I have had the worst experience with my current realtor and the biggest issue is she's a co-owner of the brokerage. We have been unhappy for months and finally asked to be released from the contract which she agreed to, all in text. But then informed me that we have a potential buyer who has been trying to get a preapproval for the property- which I had no knowledge of and stated that she won't release us until we explored that option. I brought it up to her again and now she's stating she won't release us since she never signed anything. Couple other examples: She originally didn't check the first buyers financing which led to it falling through. She takes days to respond, doesn't answer her phone. She still hasn't sent me confirmation that we are out of our current deal which explicitly stated tuesday by 5. She's sending another realtor to show the house who is giving out confidential and false information. I know I should contact a lawyer but honestly im afraid that their lawyers are bigger and better and im not sure we can afford the lawyer fees. Location: Iowa [link] [comments]  |
| Help!! Lost job during closing.. Posted: 04 Nov 2021 12:47 PM PDT Hi! I need some advice or thoughts here. I recently submitted an offer on a home and paid my earnest money deposit. I am scheduled to close on my current home sale and will be walking away with a good chunk of money. I have a solid savings, too. However, I just lost my job today due to a merger. No notice or anything.. I can't afford to lose this home. I know I need to tell my LO, but what are the chances that this loan gets cancelled? [link] [comments]  |
| Contracts fell through, who gets earnest money Posted: 04 Nov 2021 05:39 PM PDT We were scheduled to close on two properties tomorrow. We were selling our house and then purchasing a new property. Our buyer backed out due to "unforeseen circumstances" so we collected her earnest. Our purchasing the new house was contingent on our property selling. When it didn't sell we backed out of the other deal. The seller is saying we breached the contract by taking our house off the market. Who is due the earnest money? To complicate things we got a bad appraisal and challenged it and there are making revisions And lowering the value of the property we were Purchasing. [link] [comments]  |
| Posted: 04 Nov 2021 09:11 PM PDT Hi! So we are in escrow and just finished getting the house and septic tank inspected. The septic tank seems to be functioning fine. They pumped it out and checked inside and tested it. All good other than a couple things. A missing baffle tee(no big deal and probably in the bottom of the tank somewhere), no risers on inlet/outlet, and some minor corrosion. It is a concrete tank. Inspectors(who also do repair work) quoted the addition of risers and repairs for the corrosion at 5500. In doing some research it seems the risers aren't that big of a deal. Mostly help with pumping and access. The corrosion is something I'm not sure of. It's a 16 year old tank. I have never dealt with a septic tank before so excuse my knowledge gap here. Should I be concerned with the corrosion? Is it definitely something that needs to get done? In my experience the inspectors make big deals out of even minor stuff. Edit: This is in Socal so HCOL area. For reference, the neighbors just next door bought their property last year and paid about 20k to replace their tank which was beyond repair. [link] [comments]  |
| The new housing industry has completely lost its character and older homes seem to be the ideal buys Posted: 04 Nov 2021 08:11 AM PDT I don't know about where you live, but I've lived and been to many places and from what I've seen with the housing industry nowadays is a dull, mass produced, unoriginal trend that I'm surprised younger generations want to partake in. These big companies like "Ryan Homes", "Toll Brothers", and other names like that basically Buy a big plot of land, clear it all out, and build cookie cutter homes condo-style bunched up together. You usually don't have a yard, there's typically something like a small playground and a clubhouse in the middle of it, and there's more than likely an HOA regulating a lot of things. And these are EVERYWHERE nowadays, you see them being built in every city and town, just like storage facilities. These lack character, originality, and far from being unique and personal to a home owner imo. I believe if these continue to become the norm, older style houses are going to skyrocket since they'll be the only homes with a sense of identity and originality left. Shame on you home building companies and the realtors who promote this mass produced crap. Everybody is different with their own unique qualities, so are homes. And don't patronize me about HOA homes being "safer" and not having to worry about bad neighbors having junk all over the yard. Not every traditional neighborhood is like that. I'm saying the uniqueness and contrast that homes used to have has completely gotten thrown out the window due to mass production and greed most likely. The sad thing is these newer homes get built extremely fast and end up costing way more money than a lot of traditional style homes. But mark my words, older style homes will become very expensive. It will be just like classic cars, that's a great example to compare this whole thing to. Classic cars have a lot of uniqueness and character that a lot of people love. Same thing will happen with older style homes. [link] [comments]  |
| Clear to close-will lender need anything else? Posted: 04 Nov 2021 08:55 PM PDT I am closing this Wednesday the 10th. I know they will likely check with my job to make sure I am still employed. Will they do anything else? Check my credit again? Keep tabs on my bank account?They have already verified the funds to close. Not that I am taking out any new credit or anything. I just want to know what I need to keep an eye on or be prepared for. Thanks! [link] [comments]  |
| What is the best way to search for a home across a broad area? Posted: 04 Nov 2021 06:01 PM PDT My fiancé and I both work remote so we have freedom with where we want to live. We are generally sticking to NYS but are open to out of state. I find it difficult to house search since we can't work with just one realtor. Right now we have just been using realtor.com and Zillow then contacting agents as we see houses. I feel like it's inefficient and we've lost out on a few offers because of the slow process. Is there a better way? [link] [comments]  |
| Posted: 04 Nov 2021 01:25 PM PDT Hello, my name is Ben and I am a disabled veteran. I am taking part in a program through the VA that helps disabled vets obtain the training and resources needed to start a new career path, which is very very cool. An early step of the process is finding people within a career field that I am interested in and asking them some questions to find out more. In my case, property appraisal is one of those fields. Would any of you wonderful Appraisers out there be willing to answer the questions below and help this old chunk of coal start a new path? I know there are quite a few, but I would be a great deal thankful. Hope you all have a great upcoming weekend!
[link] [comments]  |
| Looking to buy a home On Long Island house has no permits Posted: 04 Nov 2021 05:01 PM PDT My aunt is selling her parents house on Long Island. Some work was done on the house without permits (finished basement, deck, hot tub). I am looking to buy the house from her but don't know if a bank will give me a mortgage with out the permits. If someone with knowledge of a similar situation can chime in or give any advice it would be greatly appreciated. [link] [comments]  |
| Current military here. How can I get into real estate? Posted: 04 Nov 2021 11:07 PM PDT |
| Is there anything I can do to pay lower interest OR APR on my current mortgage? Posted: 04 Nov 2021 10:45 PM PDT Purchased my condo in May of 2021. List price was $106,500. Paid off $14,000 on the principal. Current balance is $92,500. Single, no other debt, $43k/year. APR 3.644% Interest 3.250% 16% owned Current monthly Principal & Interest is 417.15 Escrow is 278.83 Total monthly payment is $696/month. If I can recall once I get to 20% owned I can request a cancelation of escrow with my lender, which will save me $278/month if I understand. My question is can I request a lower APR rate? I'm currently on a 30/yr mortgage but am looking to pay it off in five years or so. I hate being in debt and paying this off is on my mind all the time. Is there any fault in not needing escrow? I have home insurance through State Farm paid every 6 months so I'd love to eliminate that fee. I've heard different things from different people but this sub seems extremely knowledgeable. If I can receive some advice on what would be the best course of action is be extremely grateful. [link] [comments]  |
| I want to take my house off the market Posted: 04 Nov 2021 10:29 PM PDT I want to take my house off the market and re-list it in the spring. It has been for sale since July. I want to do some improvements and re-list it. Can anyone give me reasons why I shouldn't do this? Also, what should I tell my realtor? Would I be breaking a contract? [link] [comments]  |
| Appeal of a cash offer vs financed offer when appraisal contingency is waived? Posted: 04 Nov 2021 11:21 AM PDT As a seller, what is the appeal of a cash offer relative to a financed offer if the latter waives the appraisal contingency? I'm asking because I've lost out on two bids recently that went to buyers with cash offers. For the first bid we offered $60k above the winning offer and for the second bid we were $30k higher. As far as I can tell our offers were fairly strong (30% down, strong credit, 14 days to close on the first offer; 21 for the second). We also waived the appraisal contingency in both cases. In these cases, is the cash offer more attractive because it would close sooner and because there is some reduced risk for the seller to get the money? These feel like fairly minor points to me to justify forgoing $30-60k. Am I missing something? [link] [comments]  |
| Posted: 04 Nov 2021 06:39 AM PDT I am replacing my tank water heater heated by gas in a house I am renting out. Would replacing it with a tankless water heater increase the home value or rent? I plan to put the house on the market in a year or continue to rent it out. I saw a post on this topic from five years ago but think the difference now is the cost of tankless units appears to have gone down, although installation is more expensive than replacing a tank with another tank. With tax credits, the total cost of buying and installing a 9 gpm tankless unit is comparable or maybe even less than that of a 75 gallon tank unit. Thank you. [link] [comments]  |
| Posted: 04 Nov 2021 08:45 PM PDT Recently me and my husband saw a property on Redfin that was a 5 acre lot with a single wide trailer on it that needed some work to be moving in ready. We were interested in it and we really want to buy the property and fix up the single wide trailer to live in while we save up to build a custom home on the land. My husband has a very good income and after I am done with school we're expected to make about $200,000 a year at the minimum. The property we want is $300,000. We save an extra $2000 a month because we paid off our debt last year. We currently live in an apartment but my husband used to work in construction before he got into software and could easily fix up the single wide trailer for us to live in while we save up for a custom home. We have always desire to live out in the country and have privacy. When our real estate agent called about the property they said it was a cash only transaction. They were very strict on this. We were preapproved for a loan up to $625,000 but are having a hard time getting an after accepted because we're coming in zero down. We technically have about $15,000 in savings But we want to do a zero down because we don't want to completely de-liquid all of our cash and get rid of everything in our savings in case we have an emergency. So we are hoping to get the down payment assistance program and use the other money for emergencies because things always go wrong when you buy a property as soon as you move in. Nowadays for us to come in with our own down payment would be at least $29,000 including closing costs so will have to save up a bit longer for a decent property in our area. We found out a few weeks after the property was on the market that they took it off the market. It wasn't sold but it was off market all of a sudden for no reason….. I looked up the owners of the property on the assessors website and they currently do not live on the property they live somewhere else but own the property. It seems like they've decided not to sell right now??? I'm keeping my eye on the property and it has already gone down $10,000 on the redfin estimate in the last two weeks since they took it off the market. So it's technically losing value. I already have the address of the owners from the assessors website and I thought about sending them a letter to see if they could work out some sort of deal or they could be open to financing the property privately but I'm not sure how that all works. What is a way that we could end up getting this property? Thank you for any advice in the advance!!! [link] [comments]  |
| Seller's timeline. Cash offer. Posted: 04 Nov 2021 10:34 AM PDT Just closed on the sale of our starter home of 6 years. Already living in our new home, so we are thankful that everything is finished now. 10/7 - meeting with realtor 10/12 - listing created and posted as "coming soon" 10/14 - showings begin. 10/18 - showings end. 3 offers, 1 of which is cash. We sign for cash offer. 10/21 - inspection. Buyer's agent says it "went well" and we don't hear anything beyond that. 10/25 - inspection contingency expires. 11/4 - we closed! [link] [comments]  |
| Posted: 04 Nov 2021 07:45 PM PDT Hi. I am looking to buy a secondary house and few of my friends are in search for a home as well. I was thinking about doing a real estate license in Florida. Can I assist my friends in buying a house and share the closing costs with them if I have the real estate sales associate license? Do i need to work under a person with broker license or can I work on my own? [link] [comments]  |
| What should happen? Contract Dispute Posted: 04 Nov 2021 08:10 AM PDT Good morning everyone, I am trying to purchase my first home and my wife and I are on to our second house with an offer. Our agent submitted the offer last week when the home went on the market, and the next day received a counter offer that didn't change anything from our purchase agreement except for a new response date of November 3rd. We signed and returned the counter offer the same day, Thursday the 28th. This should mean that we are under contract but the LA first said the counter offer did not put us under contract. Now after the response date has past, we were informed that our offer is void because the LA said we didn't pay the earnest money on time but we did. I have bank statements showing the check was deposited into the LA's trust. What should be the next thing to do? Still no response from the LA on how they want to proceed, however I am fully willing to get an attorney involved. [link] [comments]  |
| Posted: 04 Nov 2021 01:08 PM PDT Anyone have experiencing buying a Zillow owned house? I'm going over their contract and it seems very seller favorable than what's normal? For example, it doesn't seem like the buyers have to remove contingencies, they just expire after allotted days or that if seller (Zillow) can't deliver on certain things like disclosures, THEY have the option to cancel contract? Just wondering if people have any insights from their own experiences. For what it's worth, I'm in California. [link] [comments]  |
| Posted: 04 Nov 2021 06:30 PM PDT Backstory: my grandparents own 2 properties right next to each other they're both R2 zones. The way the property line is currently is that 2 homes are on one lot. My grandparents are going to sell me the house I'm currently renting from them, but we need to get the property line moved to where it's one house per lot. Is that possible? For reference we're in California. We're not going through a bank - just going to increase the amount I give them per month & write a trust along with adding me to the deed and do the legality through the title company. However who does the property line adjustment? [link] [comments]  |
| Posted: 04 Nov 2021 02:40 PM PDT So I accepted a new job in my career field. It's a great opportunity but is part time at 20 hours a week. I'm getting a full time job as well, but the issue is the rental companies want proof of wages which shows I'm only working 20 a week. I've got a month until the new job starts and my plan was to get the second job once I have the apartment locked in. Not sure what to do like I know I'll make the money all I do is work, but unfortunately the companies don't go for word of mouth which I get. What should I do I really want this job and is a great opportunity for my resume [link] [comments]  |
| real estate said 2 family title company came as 1 family dwelling Posted: 04 Nov 2021 06:08 PM PDT Hi, need some insight here, I'm in the middle of a real estate transaction on my first house in Queens, NY. Earnest deposit given and inspection occurred today. It was advertised as 2 family, DOF even has it listed as 2 family, and there is no explicit CO since it was pre-1938 made. Every record on every website states 2 family. Though there were never any permits pulled in the 90 year history that demonstrated conversion from 1 family to 2 family, but I'm told that's usually common in NYC. The house is very clearly setup as such, with their own entrance, kitchens, and bathrooms. Now the issue is my lawyer and our title company had it came back as single family dwelling based on a trust the original owner had made that stated 1 family. There is literally no other document in the history of the house besides this trust from 2003, and the original filed decades ago. My lawyer says this house will close as a single family dwelling. Now I need guidance on a few things. First: The mortgage: Do I have to get them to reassess their rates? Because originally it was assumed to be a two family dwelling they added .25% rate. It would be about 80$ a month, over the life of the loan 21k (likely less since I plan to pay it off earlier). Will they then request that I remove the other kitchen? Is that as simple as removing the stove if requested? Second: The price I got the house for is still very competitive for it being a one family, and a crazy steal for being a two family. Comparable single families go for about 35-70k more. Comparable 2 families go for 250-350k more. Do you think it's possible to ask the owners to possible decrease the price by 10k? I'm saying 10k on the basis of getting an architect to obtaining a CO to make it a legal 2 family. My lawyer said ask for 50k off but I'm scared I might spook/anger then and lose the deal. But we have a signed contract that states 2 family so I'm not sure they can rescind easily. We still intend to rent out one floor and live in the other no matter what. Were we to even buy another house we would at the minimum want to rent out the basement to be able to more comfortably afford to buy a house in NYC. We really like the house and area. My lawyer says the risk is it'll be a bit more of a headache to remove a tenant without a CO stating 2 family, despite them having their own entrance and several city finance records stating it as 2 family. But i find this way more preferable to a basement tenant, especially since the recent basement apartment deaths in NYC due to floods. I find that it is a grey area definitely preferable to basement tenant. I've checked and several houses on the block are in the same boat as this one is and are most definitely renting out one of the units. None of the houses I've checked have had any violations or tickets issued to them for renting out above ground units, only tickets issued for renting out the basement as an additional unit. Any insight/guidance would be appreciated. Even if you have no insight I appreciate you just reading the post. [link] [comments]  |
| Disregard for PII Protection by Title Company Posted: 04 Nov 2021 07:47 AM PDT Sold a house. Title company asks me for bank account info, SSN, etc. I understand the reasons for why they need the information, no problem there. Where I was horrified was when they expected me to send all of that information through unsecure e-mail. If a bank asked me to do that, they would be out of business the next day. Does anyone know if title companies fall under any of the Federal standards that banks, brokers, etc. do with regards to PII protection? If so, where would the best place be to start a complaint? [link] [comments]  |
| You are subscribed to email updates from HomeOwners & Investors. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment