Contingency All Locations : Advice

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Andrew Tisel…, Real Estate Pro in clifton, NJ
Andrew Tisellano answered:
Proof needed to make an offer?

If you are making an offer to purchase, you do not need any proof to make the offer. once accepted the bank will require an appraisal. If you are buying cash then you should mak ... more
0 votes Share Flag Sun Mar 17, 2013 Home Buying in Passaic
Real Estate…, Real Estate Pro in ,
Real Estate Masters Group answered:
what is the average interest rate on a flip property?
Agents can request you use their lender, but it is not required. If you want to get an accepted offer you may choose to use therr lender. AS-IS is used but California does not allow for ... more
0 votes Share Flag Mon Apr 1, 2013 Home Buying in 92374
Russ Ravary, Real Estate Pro in Commerce Township, MI
Russ Ravary answered:
If an inspector finds asbestos in a home you have contracted to buy, what are your options?
I would be asking your real estate agent this question. In Michigan our contract allows you to void the contract. Or you can ask the seller to remediate the asbestos. Call your realt ... more
0 votes Share Flag Sun Jul 19, 2015 Home Buying in Cupertino
Mack McCoy, Real Estate Pro in Seattle, WA
Mack McCoy answered:
My agent gave comps, which are $100k less than listing price. Then he suggests me to offer the listing price, with appraisal clause to be in the game.
Don't pay more than you want to, and if you keep losing properties to higher bidders, then recalibrate.
0 votes Share Flag Mon Apr 8, 2013 Home Buying in Hayward
Ron Thomas, Real Estate Pro in ,
Ron Thomas answered:
I've submitted over 15 offers on properties for my buyer over the last 12 months and we get beat out each time. What's going on?
I had a Client like that:
After 10 low-ball offers, I fire him as a Client.
0 votes Share Flag Fri Mar 28, 2014 Market Conditions in 90630
Donald Mituz…, Real Estate Pro in Kaatonah, NY
Donald Mituzas answered:
What are the constraints for a buyer purchasing a Bank-owned property (not short sale or auction), compared to buying a regular property?
The buyer can ask for reports or do their own termite inspection as well as any other type of inspections. Problem is, if you find something the bank probably won't do much about it. Th ... more
0 votes Share Flag Sat Mar 23, 2013 Home Buying in Petaluma
Josephine (
Josephine ("Jo") Cusi answered:
How do I get my deposit back?
Hi, Mei! Escrow officer would need to have the seller sign the cancellation before they can fully cancel escrow on this transaction. Both parties have to come to a mutual agreement re ... more
0 votes Share Flag Wed Feb 27, 2013 Home Buying in Vallejo
Peter McNich…,  in Philadelphia, PA
Peter McNicholas answered:
What is the % buyers must pay for closing costs based on purchase price of a home in Mt. Airy - 19119? When is a home reassessed?
Title insurance is a % of the purchase price. You will need to talk to a mortgage loan officer to get preapproved. Every ones situation is different. Based on income, debt and credit sc ... more
0 votes Share Flag Fri May 17, 2013 Market Conditions in West Mount Airy
Jim Allen, Real Estate Pro in Raleigh, NC
Jim Allen answered:
If the radon test come back is high, what should we do? How much would it cost?

Are you the buyer or the seller? There are many options for both. Feel free to call me at your convenience and I would be happy to discuss them with you.

Kris Burritt
919- ... more
0 votes Share Flag Wed Feb 27, 2013 General Area in Raleigh
Sally Grenier, Real Estate Pro in Longmont, CO
Sally Grenier answered:
Bride is facing a purchasing contract which she can no longer afford. Can my neighbor's daughter get out of the apartment purchase contract?
First of all, there are too many unknowns here, and we cannot really help you without reviewing the contract. And no offense, but it doesn't sound like your problem. I know you're wanti ... more
0 votes Share Flag Tue Feb 26, 2013 Home Buying in 20910
Ramon Concep…, Real Estate Pro in Pleasanton, CA
Ramon Concepcion answered:
No contingency offer with option of rent back for cople months ?
In this market there are a lot risk takers going with No Contingencies. The problem with that though you have no protection. I'd always advise on getting an Inspection and as a Buy ... more
0 votes Share Flag Tue Feb 26, 2013 Home Buying in Dublin
Dave  Skow, Real Estate Pro in Seattle, WA
Dave Skow answered:
Mortgage question: what kind of lender should I choose?
check with several ....go with the one you feel most comfortable / confident with in their responses ....another tip - try asking friends / co workers / neighbors for referals .. ... more
0 votes Share Flag Sat Sep 28, 2013 Home Buying in Redmond
David Allen…, Real Estate Pro in Sunnyvale, CA
David Allen Rivas answered:
South Bay Area agent that specializes in "fixer-uppers"?
David Allen Rivas will consult with you with out obligation of using my services. Born, Raised, live and work right here in the south bay. I have been a real estate investor for over ... more
0 votes Share Flag Thu Oct 10, 2013 Home Buying in 94087
Yanoska Diaz, Real Estate Pro in Miami, FL
Yanoska Diaz answered:
I’ve heard about Fannie Mae programs. Will they really help me buy a house?
If you qualify, the answer is yes. Fannie Mae Homepath Financing 3% down-payment, no appraisal contingency, no mortgage insurance.
0 votes Share Flag Mon Feb 25, 2013 Home Buying in Brooklyn
Shanna Rogers, Real Estate Pro in Murrieta, CA
Shanna Rogers answered:
How to get my EMD back? What is the consequence of the seller not signing the release?
Hi Mei,

Since you didn't remove the loan contingency in writing, it is still in effect. The loan contingency is not passive - it HAS to be removed in writing on the Contingency Remo ... more
0 votes Share Flag Mon Feb 25, 2013 Home Buying
Gregory Touc…, Real Estate Pro in San Antonio, TX
Gregory Touchstone answered:
San antonio short sales
Here I am.

Short sales are a special situation and depending if you intend to pay cash or finance will determine how much leverage you have on the price, but you must also consider h ... more
0 votes Share Flag Sun Feb 24, 2013 Home Buying in San Antonio
Louis  Wolfs…, Real Estate Pro in Needham, MA
Louis Wolfson answered:
What is considered "unsatisfactory" in a home inspection contingency clause? Any required repairs cited by ...
Real estate contract law differs from State to State. Some states have the seller fix certain items and others are fixed by the buyer.

As to your ability to cancel a sales agreement ... more
0 votes Share Flag Sat Feb 23, 2013 Home Buying
Victor Lutsky, Real Estate Pro in Sugarloaf, PA
Victor Lutsky answered:
can an owner/bank continue to take offers on a short sale after we have made a bid?
Hello Barbara,

Unfortunately, the answer is yes, particularly as it relates to banks and REO management companies. Their position, is the bank has already lost a significant amount ... more
0 votes Share Flag Fri Mar 22, 2013 Home Buying in Panama City Beach
Shanna Rogers, Real Estate Pro in Murrieta, CA
Shanna Rogers answered:
What should we do? Can we have back the deposit if we don't want the house?
Hi Carinna.yeh,

Read your purchase contract for contingencies. If you have contingencies that are still in effect (you haven't removed them in writing), you should be able to cancel ... more
0 votes Share Flag Thu Oct 31, 2013 Home Buying in 94110
Larry Tollen, Real Estate Pro in Chapel Hill, NC
Larry Tollen answered:
Can the seller still sell the house without releasing the deposit to the buyer w ... contract before the loan contingency removal? ...
They can try but they are going to have issues. You should speak to an attorney and have your agent send a written notice to the listing agent that unless the Seller releases your Depos ... more
0 votes Share Flag Sun Feb 24, 2013 Home Buying in Daly City
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