Home Buying in Hopkinton : Advice

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Gary Geer, Real Estate Pro in Antioch, IL
Gary Geer answered:
Can I buy a house that already has a contingency clause on it ? I would be paying cash for it.
Lorired7,
Have your agent contact the listing agent to try to find out more information on the type of contingency. Most of the time sellers if they are in the know from their agent wi ... more
0 votes Share Flag Tue Feb 10, 2015 Home Buying in Hopkinton
wilkyswater, Home Buyer in Leavenworth, WA
wilkyswater answered:
do I have to be prequalified to buy a house on contingency?
Do I need to be pre-approved to do a contingency offer IF it is not necessary for me to finance after my home sells? That is we're downsizing...Selling our home for 850 in an upscale ne ... more
0 votes Share Flag Sun Jul 13, 2014 Home Buying in Hopkinton
David Pannell, Real Estate Pro in Keller, TX
David Pannell answered:
Offer to buy with contingency of selling current home?
As a broker, I have only seen my buyer clients pay higher for a property they like and take less for their home when they sell to meet the contingency time frames. It's not that Realtor ... more
0 votes Share Flag Mon Mar 24, 2014 Home Buying in Hopkinton
Hank Wilson, Real Estate Pro in Bowling Green, KY
Hank Wilson answered:
my friend already have a pre approval from the bank to buy my house, she does not want to use agent and i don't want to do it either.
You can absolutely hire a lawyer that specializes in RE transactions. I will caution you, that won't be the only thing the both of you will have to take care of.
0 votes Share Flag Tue Mar 11, 2014 Home Buying in Hopkinton
Karen Koehne, Real Estate Pro in Marietta, GA
Karen Koehne answered:
Is it proper to give the buyer keys/access to property at a dry closing?
As a general practice, keys should not be given until monies have been conveyed. The closing attorney or title office will often times hold the keys as a matter of convenience and then ... more
0 votes Share Flag Tue Jan 14, 2014 Home Buying in 01748
Michelle Car…, Real Estate Pro in Cupertino, CA
Michelle Carr-Crowe answered:
If a Seller emails a Buyer's Agent stating expressly, "I accept the Buyer's offer,for $xxx," is there a legal contract?
You have received some excellent advice here. Another colleague in a different state recently shared that an email "meeting of the minds" was upheld by law as full acceptance.

Of co ... more
0 votes Share Flag Wed Sep 25, 2013 Home Buying in 01748
Josh Barnett, Real Estate Pro in Oklahoma City, OK
Josh Barnett answered:
If I make on offer to buy with the contingency of selling my house and an offer to purchase my current home falls through am I released from the offer
Go over this with your Realtor, they will be able to go over the what ifs with you.
0 votes Share Flag Wed Sep 18, 2013 Home Buying in Hopkinton
Heath Coker, Real Estate Pro in Falmouth, MA
Heath Coker answered:
In the middle of dry closing between overseas buyer and seller and need help. Suspect some sort of scam
I would follow the advice of your attorney.

This is one reason why I would use a local legal professional.


(Please note: when you choose an answer as a Best Answer, or at least ... more
0 votes Share Flag Mon Jul 15, 2013 Home Buying in 01748
Christine M.…, Real Estate Pro in Wilbraham, MA
Christine M. Moran answered:
In the middle of dry closing between overseas buyer and seller and need help. Suspect some sort of scam
There is a big scam just like that. After you wire them the funds the check bounces. It is usually run with an Asian male name as the buyer and sometimes the country is Canada where the ... more
0 votes Share Flag Thu Jul 11, 2013 Home Buying in 01748
Lynne Hagopi…, Real Estate Pro in Framingham, MA
Lynne Hagopian answered:
If there is a difference in year of built (2011) and year of occupancy(2013) after some additions. What year will be considered for future home price?
I would call the assessors office for the town and ask this question about what they recognize as the year built as most of the time realtors rely on public record. You can always discl ... more
0 votes Share Flag Thu May 30, 2013 Home Buying in 01748
Jeannine Cob…, Real Estate Pro in Hopkinton, MA
Jeannine Coburn answered:
Why have three homes on Norcross Road all sold in the last year with one more still for sale?
I listed one of the homes and those sellers were relocating. One other seller was relocating within Massachusetts.
0 votes Share Flag Wed Mar 13, 2013 Home Buying in Hopkinton
Ed Daniels, Real Estate Pro in Holliston, MA
Ed Daniels answered:
Should the house I made an offer on now be listed as contingent?
The laws in Massachusetts require making an update in the MLS within 24 hours of accepted contract. We even have a designation to flag it for the 48 hour right of first refusal. Hopef ... more
0 votes Share Flag Thu Aug 23, 2012 Home Buying in Hopkinton
Amy Mullen, Real Estate Pro in Shrewsbury, MA
Amy Mullen answered:
Would it be wiser to add a third bedroom to a house by enclosing the garage or to sell the house and buy, on contingency, a larger home.?
HI Laura,

It would really depend on the condition of the current house (upgrades etc) and the lot. It's hard to answer that question without knowing what the "base" house is prior t ... more
0 votes Share Flag Thu Apr 12, 2012 Home Buying in Hopkinton
Territory.com, Real Estate Pro in Massachusetts
Territory.com answered:
do I put money down to make a contingency offer and if so, do I get it back if we don't buy it?
Most deals have what is called a good faith deposit delivered to the sellers agent or attorney at the execution of the offer contract (can be anywhere from $500 and up depending on how ... more
0 votes Share Flag Tue Oct 4, 2011 Home Buying in Hopkinton
Cathy Bureau, Real Estate Pro in San Antonio, TX
Cathy Bureau answered:
Can I buy a house that already has a contingency clause on it ? I would be paying cash for it.
Lorired 7;
I would do a back up contract as proposed below. I would also call in from time to time to check on the status. You may inquire about the contingency to see what it is. If ... more
0 votes Share Flag Tue Jul 26, 2011 Home Buying in Hopkinton
Christine M.…, Real Estate Pro in Wilbraham, MA
Christine M. Moran answered:
can I get out of a closing July15 not happy at all , please help seen house 1 time what can i do can I get out of signing what can i do?
If you are going to lose a hefty deposit you need to decide if you should buy and then resell down the road ...which would be a worse loss. Call an atty.
0 votes Share Flag Tue Jul 5, 2011 Home Buying in 01748
Sandra J Ste…, Real Estate Pro in Cottonwood, AZ
Sandra J Steele answered:
Do I have to put money down if I an approved for a 100% financing?
Greeting and thank you for asking your question.

Your REALTOR® is there to work for you as a Buyer's Broker and should represent you with integrity. If you want your REALT ... more
1 vote Share Flag Sat Mar 5, 2011 Home Buying in 01748
Amy Mullen, Real Estate Pro in Shrewsbury, MA
Amy Mullen answered:
If I have been approved for $150,000.00 but only want to buy a home in the range of 65,000.00-75,000.00.
Hav1226,

Your agent should have your best interests in mind...even if that means you keep renting or spend less than your loan approval amount. At the end of the day, YOU have to li ... more
0 votes Share Flag Fri Oct 15, 2010 Home Buying in 01748
MDM REALTY H…, Real Estate Pro in 01701
MDM REALTY Heidi Zizza answered:
I have notice a home that has been foreclosed and vancant for 1 year. I was told to do a fast sale with preious owner, wait for sheriff sale? auction
The first thing you need to do is go to masslandrecords.com to determine who has taken title to the home. The bank has probably taken it over however the forclosure process takes time. ... more
0 votes Share Flag Thu Oct 14, 2010 Home Buying in Hopkinton
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