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CH Naamad, Real Estate Pro in Boston, MA
CH Naamad answered:
Other offer accepted
Please let go, and find another unit and let your broker clearly state to the seller broker that you want the unit.
However, if you do this, you may be taken for a ride.
Your situa ... more
0 votes Share Flag Sun Apr 7, 2013 Home Buying in Boston
Rachel Best, Real Estate Pro in Annapolis, MD
Rachel Best answered:
IF the seller wants to add a kick out clause shouldn't they provide proof of another offer to the current contingent buyer?
When working as a buyer's agent I would certainly ask for evidence on behalf of my buyer client BUT the standard MD kick-out clause addendum specifically states the seller does not ... more
0 votes Share Flag Wed Mar 27, 2013 Home Buying in Annapolis
Dave Ulrich, Real Estate Pro in Bellingham, WA
Dave Ulrich answered:
what does "active contingent' mean?
Hi Jimmie;
Active listings are listings that are currently on the market seeking buyers. Contingent listings have an offer subject to the buyer selling a property in order to purchase ... more
0 votes Share Flag Tue Mar 26, 2013 Home Buying
Keith Jean-P…, Real Estate Pro in East Brunswick, NJ
Keith Jean-Pierre answered:
Can I get my earnest money back? I haven't signed the counter
From my understanding, since the offer was never accepted, you do not have a formal contract. It might get messy with some choice words, but legally if you do not have money exchanged a ... more
0 votes Share Flag Wed Mar 27, 2013 Home Buying in 73089
Cindy Davis, Real Estate Pro in San Diego, CA
Cindy Davis answered:
do you need to do your own inspection for 8-year old townhome/condo if the seller already provide theirs?
You don't need to, but I would get my own. You have no idea who the seller's inspector is. Over the years,I've seen some inspectors miss way too much. You're buying a home that costs at ... more
0 votes Share Flag Thu Mar 28, 2013 Home Buying in 95131
Elena Talis,  in Palo Alto, CA
Elena Talis answered:
How do I decide if I should remodel or buy a new house with a better kitchen, bathroooms, etc.?
It depends... If the general floor plan is acceptable then remodel. I don't think you want to be a buyer on this market anywhere in Bay Area.
0 votes Share Flag Mon Jul 15, 2013 Remodel & Renovate in 95129
David Tapper, Real Estate Pro in Burlingame, CA
David Tapper answered:
I have a buyer with excellent credit pre-approved foran FHA 5% down and it seems that realtors are taking only 20% or cash, what's the deal?
Hi Pichie, while this is very frustrating, it's also very common. The market is very hot with multiple offers so agents and their sellers are opting to go with 20-50% down or all cash b ... more
0 votes Share Flag Wed Mar 27, 2013 Foreclosure in Pacifica
Anthony Khou…, Real Estate Pro in Hallendale, FL
Anthony Khouri answered:
Looking for a home in SW Miami, 3/2 townhouse w/yard or house, maximum of 240k. It looks like it is nearly impossible to purchase.
Hi Rick
Call me I can help you find what u want
305 300 8540,akhourirealtor@att.net
Thanks
Tony
0 votes Share Flag Wed Mar 27, 2013 Home Buying in Miami
Cindy Davis, Real Estate Pro in San Diego, CA
Cindy Davis answered:
If I submit multiple offers on different properties at the same time, what happens if more than one gets accepted?
The offer is only valid when you acknowledge the seller's acceptance in writing. Even then, you have a 17 day inspection period during which you can cancel.
0 votes Share Flag Mon Mar 25, 2013 Home Buying in Los Angeles
Dee Oliver, Real Estate Pro in Bakersfield, CA
Dee Oliver answered:
Moving from Minnesota this summer
I would like to discuss this with you in order to ask some questions about the sale of your home. Please give me a call at 661-747-7763. Thank you DEE OLIVER - REALTOR - MIRAMAR INTER ... more
0 votes Share Flag Mon Mar 25, 2013 Home Buying in Bakersfield
Bill Eckler, Real Estate Pro in Venice, FL
Bill Eckler answered:
Can Parkland homes built in 2002 have Chinese dry wall?
Anything is possible but 2002 is normally considered early for Chinese drywall issues.

Enough time has passed that in most cases Chinese drywall has already been identified. If cons ... more
0 votes Share Flag Tue Jun 4, 2013 Home Buying in South Florida
Marge Bennett, Real Estate Pro in Fort Myers, FL
Marge Bennett answered:
Can I get out of the purchase agreement if I found out that the Association have too many restriction?
Is it a condo? If so and you are within the rescission period 3 days for resales, then the answer is yes. For new construction it is longer
0 votes Share Flag Mon Mar 25, 2013 Home Buying
Shanna Rogers, Real Estate Pro in Murrieta, CA
Shanna Rogers answered:
our house is under contract with a contingency on them selling their home ---can we continue to show and ...
Hi lajmb22,

Refer to your contract. It should state in the contract if you can still show and accept backup offers. I know in CA we can but it is stated in the contract/contingency ... more
0 votes Share Flag Sun Mar 24, 2013 Home Buying in Cape Canaveral
Cindy Davis, Real Estate Pro in San Diego, CA
Cindy Davis answered:
How does a low appraisal affect the home selling process?
It stalls it and sometimes stops it. When a low appraisal comes in, the seller and buy try to re-negotiate the purchase price If that fails to occur, the escrow will cancel. The seller ... more
0 votes Share Flag Mon Oct 28, 2013 Home Selling in San Diego
Michael Hamm…, Real Estate Pro in Suwanee, GA
Michael Hammond answered:
What's the recommended due diligence period? Do I need to take into account a negotiation period if the inspection comes with major stuff?
What does YOUR Agent/Broker say, Reese? I advise my Clients to ask for as much as they can get, the closer to the actual Closing Date the better. Please call, text or email if we can pr ... more
0 votes Share Flag Mon Apr 25, 2016 Home Buying in Marietta
Gabe Davidson, Real Estate Pro in Yuba City, CA
Gabe Davidson answered:
Will I lose my deposit if I signed the Liquid damages form, but never signed release of contingencies?
Hello
It depends on the terms of your specific contract, which your Realtor should answer for you. Generally speaking, no, your deposit is not in jeopardy until after you have removed ... more
0 votes Share Flag Sun Mar 24, 2013 Home Buying in 95621
Alan Openshaw, Real Estate Pro in Southampton, PA
Alan Openshaw answered:
Second mortgage contingency states interest can not go over 8 .25 and it did 8.4 . What weight does this have ...
Hello smp,

The agreement of sale has a mortgage contingency and if the terms of the mortgage cannot be met you have the option to back out of the deal and recoup your deposit.

Ho ... more
0 votes Share Flag Sun Mar 24, 2013 Home Buying in 19525
Ruth DiRienzo…, Real Estate Pro in Horsham, PA
Ruth DiRienzo Whitehead answered:
If an inspection finds problems with the home, are the home sellers required to fix?
It depends on the contract. If you are the buyer and have a home inspection contingency. The seller can back out of the contract, if you are requesting items to be fixed . Everything ca ... more
0 votes Share Flag Sat Mar 23, 2013 Home Selling in Philadelphia
Amy Mullen, Real Estate Pro in Shrewsbury, MA
Amy Mullen answered:
Too many red flags or a sign of well maintained house?
What is the build year of the house?
0 votes Share Flag Sun May 18, 2014 Home Buying in 02169
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