You can expect to get a home for a lot less than you would have a few years ago. The first thing you should do is talk to a lender if will need a loan to purchase your first home and get pre-approved so you know what price range you will be looking in. Once you do that you should hire your own local real estate agent to help you look for your new home at no cost to you. You should google the term short sales because there are a lot of those types of homes for sale and you should know about the process of these homes before putting an offer on one of them. Ask your real estate agent any questions that you can think of and good luck in your search.... more
We are sorry about this most difficult experience.
First, regarding your rights as a buyer until you have an accepted offer there aren't many BUT when you assign a deadline to you written offer(3 days to respond),........this is a right. If they do not respond, your right is to move on, with no consequences and explore other opportunities. At this point your deal is DONE.
Let's look at this complete sinerio, the seller is caught between someone they want to sell their property to and the bank that holds the loan. Keep in mind that for a "short sale" the seller is requesting the bank to accept less money than it is owed for the property...the bank will probably lose thousands if they agree. They may take weeks to get back to the seller about the status of your request....banks don't care about any deadlind except their own.
Knowing that only 10% of short sale offers are accepted is pretty discouraging and coupled with the kind of experience you are having is the reason why many agents are electing not to work with short sales and why some buyers are electing to pursue "foreclosures" instead, where most of the problems have been worked out and the property ownership is in the hands of the bank.
Short sales are a tough roar but you do have options.
The "Eckler Team"... more
Did you have home inspection done prior to closing on the house? In North Carolina we are a "buyer beware " state. Most buyers will have a home inspection done so hopefully anything like what you are experiencing will be discovered and addressed. I would contact a Real Estate attorney to see what your options are if any.... more
Only real estate agents can post to Trulia. There are many other places that you can post, and get posted here, via a feed. There are many real estate firms that provide a MLS only type of listing that will help get you the maximum exposure. The services that these agencies provide are know as limited representaion or "Hybrid-MLS" listings.... more