Advice Topic:
Hi, Does the home seller need to disclose water issues, flooding, or leaking? Our first home had water issues, and we don't want to ever deal with that again. What can we do to ensure that we buy a dry house?
I will retire in two years and want to buy a home in Texas to be closer to family; currently in Pennsylvania. My thought process - I still would have a job (credit score is in the exceptional range) and I would have a couple to years to make any improvements to the home while still employed. Inventory is high right now and I may be able to get a good deal. Is this a wise idea? (note - Cedar Hill or Duncanville TX is where I am currently looking)
To add clarity: Any house I get is contingent on sale of home I am now in. I don't have money in bank and wouldn't qualify for loan. Daughter's name is on this house also. She lives with me and turns 22 next month. Realtor found one home. She pulled me aside beforehand saying my daughter shouldn't participate in finding the home as she will probably be leaving me soon anyway, And daughter should definitely have no say so. I explained I needed a place that would work whether my daughter stayed with me, or whether I was by myself. She took great effort to exclude my daughter from seeing the home. My daughter came along anyway, and the home was too far from my daughter's work so we had no interest in it. Since then have no contact with realtor, unless I contact about seeing a particular home I see online. Even then, she tells me she has an open house, or she has other clients that day, so I feel rushed and like I'm imposing. Am I out of line for thinking realtor should be finding a home for us? I've bought two other homes and agent always located the home. At realtor's suggestion I've driven to different cities to see if I like them since I've never been there before. Also at realtor suggestion, I searched through the listings on Zillow realtor.com homes.com and everywhere trying to find a place. And then I drive by to see if it would even work, and I'm just really tired. Is there an easier way? Is there somebody that sells you a home and finds a home for you? She's also asking me to pinpoint specific subdivisions that she can put on her radar, but subdivisions change every few streets. When I have found houses in nearby subdivisions I am interested in, I've been surprised realtor hasn't contacted to let me know they were for sale... often they're closing before I see them.
My agent did not have us sign an agreement prior to showing us houses. We found a house and verbally made an offer. When he wrote up the offer he didn’t tell us that the selling agent had agreed to a 4% commission. He sent us the contract electronically with 1% of closing over the price we verbally agreed on and told us we would get the money back at closing. Not true. Are we stuck paying his fee now ?
We have signed a joint tenancy agreement. I want to now include a prenup but for friends. The language would be regarding splitting equity buildup, what to do for upon selling home and other additions. I will be closing in the next 3 to 4 ddays.can you advise the steps to take. Can you advise the form needed and lastly please add any additional thoughts. Thank you The property is a single story residence which we both will live in.
Looking to become a first time home owner what and who l need to reach out to I found a home I'm interested in buying but I need assistance?
I want to get a feel for the agent and the area before I commit to either. Can I sign a buyer agreement that allows me to see 2-4 houses with the agent and that's it? If I like the agent and area, then I'm fine committing for a longer time period. So, are there short term buyer agreements?
Buyer HAS to sign the Buyer Rep Agreement AND PAY the Broker's fee before we even see the house or really know if we like the agent?
I put an offer on a house, and the selling agent countered with a lot of demands. One of the demands being to send over financial statements to make sure I have closing cost and so I did. I countered again, and selling agent said I needed to get pre-approved by her choice of lender after she had already spoken to my current lender. We reached out the their said lender and were told it would only be a soft credit check since I have already had my credit ran in February when I locked in with my current lender. I did the application with her choice of lender for a soft check and they asked for bank statements, w2's and paystubs. I do not want my credit ran again and get dinged. Is this allowed? and all before they even accept an offer?
My friend has an as is house for 3k .What legal documents should l be taking to the table? I am not sure of the process.
I have a good friend that's a realtor. I really like her as a friend, but I'm worried about working with her. I think it could change our dynamic and might ruin the friendship. That said, I also think if I choose a different realtor, she could be so hurt that it ruins the friendship. What should I do?
Need help finding the right place and to get it started and thank you for your time so I need help finding out how to apply
HI if i signed a buyer addendum in rhode island with a realtor am i liable to have to stay with them? or can i just look at places on my own and go with the realtor that is showing property if i decide to purchase
i am looking to see where i start and where i can go from there. i am a first time home buyer. i believe that i have done everything wrong
Ok. I'm buying a home and they're talking about the escrow. Then the loan officer is talking about how I need escrow. So is it all the same? Or are these different escrows? And what does that even mean?
Is there a minimum age to buy a house? I'm saving and want to buy a house when I'm 18. I would not have a cosigner. I want to own it entirely myself.
Buyer wants to represent themselves on a transaction, is there a form to be signed so that the Listing Agent is covered?
How do I figure out how much I can really spend on a house? I got pre-approved for an amount that seems like way too much money. I can put 20% towards a down payment. And I am afraid that if I spend the pre-approved amount that I won't be able to make my monthly payments. So, how do I figure out home much I can really spend on a house?
I'm looking in an area with a mix of unincorporated and incorporated properties. Literally on the same street there's a mix. I'm wondering if unincorporated has lower taxes and that's a benefit? Or is it better to pay more and be incorporated. Does it even matter? They all feed into the same school. What would the difference be between incorporated and unincorporated property.
I'm trying to get a real estate investment company canceled. They haven't done any work to try to sell the home or spent any money on listing. It alls I have is an agreement on purchase price and a 90-day agreement. I do not want to work with this company. They were not honest and what they were telling me over the phone. They pressured me in signing an agreement to list my home and found out things in the agreement were not as they claim. I have reached out to them several times to terminate with them and they will not respond. Can I terminate them after the 90 days business days are up? I am not interested in working with this company and I will not be forced to work with them and I am not selling them my home. I just don't know where to turn from here.
I'm wondering if I can buy a property apart from my spouse. I'd like to get an investment property and I would like to know if I can be the sole owner of it. We do file taxes jointly if that matters.
The home seller has been very skittish throughout the selling process. We've had to jump through a lot of hoops just to keep the process moving because we really want this house. We're days away from closing and we're wondering if the seller can back out AT the closing? Even if we're half way though signing the paperwork and they back out, is that an option?
What if a home seller doesn't remove their stuff before closing? We're days away from closing and did a recent walkthrough. It looks like they haven't even begun to pack up and have given signs that they may not...What if we close on the house and all their stuff is there? Or worse, what if we close and they won't move out?
I'm worried the home will appraise for more than what I offered. The seller agreed to the offer and we both seem fine with it. But if the appraisal is more than to the offer will I need to pay more to get the house?
I've heard that there's help for first time home buyers. Where can I find first time home buyer help? How do I know if I qualify for it? And if I do qualify, is there any drawback to pursuing this assistance for first time home buyers?
Would it be possible to use a current condominium as collateral to purchase (trade up) to a second condo with the idea of moving from the first one to the second condo? The reason I ask is because I would like to move to Springfield, IL, but may have to settle for the Champaign-Urbana area if nothing materializes in Springfield over a specific time-frame. If I bought a property in Champaign, I would look to transition to Springfield as soon as a desirable property was available. Thanks for your time.
We bought a house and moved into Jan 3. That night the furnace went out. It was high efficiency furnace in attic. Condensation and freezing caused to stop. Roof also needs replaced sooner than we were led to believe. Had 4 HVAC pros say to replace it. Shouldn’t our realtor made us completely aware of the problems?
Do I need a mortgage preapproval before I find an agent? I have a general idea of budget, so can I start looking at homes while I work on preapproval? Or will an agent not want to work with me if I'm not preapproved?
I'm starting my house search and I'm a first time buyer. The agent I'm talking to wants me to sign a contract stating that I'll only use him until I find a home to purchase. I totally understand exclusivity, but I also don't want to be locked into this agent if after a month we don't vibe. What's normal for these buyer contracts?
Can I bring my dog to a showing? I'm spending hours seeing houses, and can't be away from my dog for that long. It's so hard to find a home and I want to start taking my dog with me. Maybe my dog will help lead me to a good home and I'd like to start taking him with me to the houses.
Can I modify an offer contract after the inspection period? We put an offer on a house, had the inspection and negotiated a new offer contract based on the inspection. We didn't want to lose the house and so we didn't ask for the seller to do much to fix the issues. Since then we've gone back to the house and some of the issues that came up in the inspection feel bigger than we initially thought. We don't want to walk away from the house, but we're wondering if we can go back to the seller and ask them for repairs or money for these repairs.
I want to downsize and sell my home to one of my kids. I'm not looking to make a profit on my kid and would rather sell the house at a loss compared to its current value. I've owned the home for 45 years and it's gone up a lot in value. Can I choose the price to sell the home and sell is for way under the value of the home?
I'm thinking of moving to the Villages in Florida. Since it's a retirement community, do I need a realtor? Or do they have their own process?
Does a buyers agent do an equal amount of work compared to the sellers agent? What does this mean in terms of payment?
Do buyers agents get paid the same amount as the sellers agent? I'm wondering if one side of the transaction gets paid less, or if I should be negotiating so that I pay a fair price. I don't want to be disrespectful, but is the payment up for negotiation?
How do I negotiate a realtor's payment? I don't want to be disrespectful and I understand that this is their job; however, it's normal to negotiate a business transaction. So, is this similar? What are recommendations for how to negotiate? Are there any key points to talk about or inquire about?
What's a reasonable buyers agent commission? I talked to an agent that said I need to sign a contract and agree to his commission. It seems high, so I'm wondering what's normal.
please explain all my options on the best way to find listings that accept these terms .if you are able i prefer to get Re Max to help me with listings. thank you
Can I get a renovation loan and home loan at the same time? I'm interested in purchasing a house that also needs a lot of renovation. I don't have enough cash for the renovation. So I'm wondering if I can add to my home loan? Or do I take out a second loan? What's the best way to go about this? Thanks!
I met with an agent who said I need to sign a contract with them before I see any houses. Does that mean I'm locked into working with them? I'd like to see a few houses before deciding if I want to work with them.
If the seller hasn't signed the mutual release form they agreed to can they put the house back on the market? Can we make another offer before this takes place? It's at a impass because they arent agreeing to the issues which are major issues on the inspection like 22 year old furnace not functioning correctly and needs replaced. Like floors not properly installed.
I know it's risky to not have home insurance. But it's so expensive and often unused. It's a chance we're thinking of taking. But are we required to have home insurance or can we not have home owners insurance?
Can I change agents after I've made an offer on a home? My agent seemed eager to help me find a home to buy. Now that I've made the offer, he's radio silent. Or he'll call with last minute requests of items that are due immediately. With work and life obligations, sometimes I can't drop everything to do these urgent items. It seems like with better communication there wouldn't be this scramble. There's a few other issues too that have made this process frustrating. But since I've made the offer with him, do I need to keep him?
As of recently, I have bad credit. But my family and I would like to buy a house. My mom has good credit but she has no income. Only her retirement income.
I'm just starting my home search. I talked to an agent who said that I might need to pay his commission, but that maybe we could get the seller to pay. Is this normal?
Do I have to pay taxes in CA if I am domiciled in NY state and bought an investment property in CA to rent to family?
Home buyer here. Wondering if I can offer an extra incentive with my home offer, like tickets to a football game, a concert, dinner out, etc. Looking for a way to set my offer apart. But I'm wondering if that's seen as a bribe.
I'm looking to own my own home. I am disabled and don't know where to start. Looking for help and resources to help guide me in home buying.
My husband started a new medical practice in Rochester Ny back in 2020. So we rent a condo there for him. Our family home is in PA with 3 years left for our last child to graduate HS before I move permanently to NY. We have been working with the same realtor in Rochester since 2020 have made multiple offers over the 4 years to no avail. He’s nice. My husband likes him. We mostly find our own listings to view online, occ he sends an email with a listing. But I’m frustrated! I don’t know what to do here. We made an offer last year on a house that would work for us for full price $895,000. The seller turned down our offer saying he now wanted 1.2 million because he thought he would get a bidding war. He didn’t get any other offers, so he took it off the market. He put it back in the market this June for 1.1 million. We did not know it was back on but I feel our realtor should have known and told us. It sold a few days later for $900,000. Only $5,000 more than our previous offer! This past week called our realtor to ask about an home that just came on the market wanting to know the area ext, our realtor sent us an email back saying it looked perfect for us. He Set up a showing for 2 days later we were so excited and planned to do whatever we could to get this one. Then the next day we were notified that an offer was accepted so no showing. We were heartbroken..until my husband mentioned this area to a co worker at the hospital who said oh yeah that house is 1/4 mile or less from A Nuclear Power plant. What?? How could our realtor not know this info? We would never been ok with a nuclear pop so close to a development and not have gotten excited then heartbroken then confused here. I feel like our realtor should have told us about this before the showing was even set up as I asked about the area since it was in Ontario and not Rochester. Something def feels wrong here. I know we have 3 years left to find something but we do t want to be stuck on that 3rd year, plus me having to look everyday on Realor.com, I gave a job myself and college kids, a hs kid, it feels like I’m the realtor not him. And neither is us are getting anywhere!!
My current roommate and I are renting. If we put our money together we could afford to buy a house. Buy I'm worried about buying a house with a friend. What if one of us wants to move out? Could we buy each other out? How do I proceed while also protecting myself and my finances?