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- 9 Answers
- 3 First Answers
- 4 Useful Answers
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About Me
Charles is one of the new breed of Realtors. Utilizing the latest technologies to provide you with all the information you need to achieve your goals.
Nothing he does is ordinary.
Sellers appreciate that all listing materials are custom designed. And each marketing plan is tailored to the seller's specific needs.
Buyers can have hand selected properties email to them or set up their own search criteria on his web site and get new listings emailed directly and automatically.
Living in Quakertown, Pa. Charles serves Bucks County, Montgomery County, Eastern Berks, Lehigh County and most of Northampton County. Unlike some who have a convenient little service area, Charles can support you throughout the Lehigh Valley, Delaware Valley and beyond.
Charles maintains memberships in both of the multiple listing services that cover this area. Trend MLS for the lower five counties and Lehigh Valley MLS for the northern area.
Charles entered real estate with over twenty five years experience in corporate America which included contract management, marketing, customer training, customer support and engineering for major companies. All of this experience can now be yours, making your next real estate transaction a breeze.
Charles enjoys educating and working with the first time buyer. And can use his corporate experience to help even the most complicated real estate transactions proceed smoothly. It's all a matter of being service oriented and paying attention to the details
Charles has lived in Bucks County since 1968, is married, and has two grown children. Favorite past times include; enjoying the outdoors with Nikho, his Siberian Husky and flying his Piper Cherokee 140.
Let Charles help you achieve your goal of finding that perfect home or obtaining the highest return for the home you want to sell.
Remember Nikho Says "We'll Pull For You!".
Nothing he does is ordinary.
Sellers appreciate that all listing materials are custom designed. And each marketing plan is tailored to the seller's specific needs.
Buyers can have hand selected properties email to them or set up their own search criteria on his web site and get new listings emailed directly and automatically.
Living in Quakertown, Pa. Charles serves Bucks County, Montgomery County, Eastern Berks, Lehigh County and most of Northampton County. Unlike some who have a convenient little service area, Charles can support you throughout the Lehigh Valley, Delaware Valley and beyond.
Charles maintains memberships in both of the multiple listing services that cover this area. Trend MLS for the lower five counties and Lehigh Valley MLS for the northern area.
Charles entered real estate with over twenty five years experience in corporate America which included contract management, marketing, customer training, customer support and engineering for major companies. All of this experience can now be yours, making your next real estate transaction a breeze.
Charles enjoys educating and working with the first time buyer. And can use his corporate experience to help even the most complicated real estate transactions proceed smoothly. It's all a matter of being service oriented and paying attention to the details
Charles has lived in Bucks County since 1968, is married, and has two grown children. Favorite past times include; enjoying the outdoors with Nikho, his Siberian Husky and flying his Piper Cherokee 140.
Let Charles help you achieve your goal of finding that perfect home or obtaining the highest return for the home you want to sell.
Remember Nikho Says "We'll Pull For You!".
My Q&A
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Charles Allan…'s Questions (0)
Charles Allan…'s Answers (9)
Charles Allan Dick answered:
This one definitely needs to be addressed by your "real estate qualified" attorney.
While the numbers, credits, etc. can change on or just before settlment, they must:
1. Be reported accurately on the HUD1
2. Meet all the requirements of the law, FHA, agreement of sale, etc.
There are limits for:
1. The amount of gifts, credits, etc. that the buyer can receive from any party
2. There is a minimum amount of "cash" the buyer needs to supply (Lender specified)
And there may be more, but these are the first that come to mind.
Have your attorney review all of this and if you get a chance, let us know how you make out.
Since you are coming to the realization that you did not fully understand the changes thrown
at you during settlement, it seems pretty clear, it shouldn't have closed.
While the numbers, credits, etc. can change on or just before settlment, they must:
1. Be reported accurately on the HUD1
2. Meet all the requirements of the law, FHA, agreement of sale, etc.
There are limits for:
1. The amount of gifts, credits, etc. that the buyer can receive from any party
2. There is a minimum amount of "cash" the buyer needs to supply (Lender specified)
And there may be more, but these are the first that come to mind.
Have your attorney review all of this and if you get a chance, let us know how you make out.
Since you are coming to the realization that you did not fully understand the changes thrown
at you during settlement, it seems pretty clear, it shouldn't have closed.
Charles Allan Dick answered:
All funds associated with the transfer of the property should show up on the HUD1.
Whether it is legal or not, it is certainly unethical to hit you with this type of decision the day of
settlement.
You can postpone settlement so you have time to think it all through.
Only the lender can answer the "why" questions, but my guess is:
1. They are not a direct lender, but a mortage broker.
2. The buyer was only marginally able to meet the lenders qualifications to begin with.
3. Between the initial property appraisal and settlement, the lender classified the location
as being in a "declining market" area.
If this was the case, the lender can make such rediculous demands at the last minute.
While you should have a real estate attorney review everthing, often it's over before
one has the time to think of this.
At a minimum, make sure you have a written account of what you were asked to do, and what
you actually agreed to. (Also, who made the demand/suggestions.)
If you have any doubts, postpone settlement and/or terminate the agreement and put the property back on the market. You are not obligated to change any of the terms of the agreement of sale as you've outlined.
Whether it is legal or not, it is certainly unethical to hit you with this type of decision the day of
settlement.
You can postpone settlement so you have time to think it all through.
Only the lender can answer the "why" questions, but my guess is:
1. They are not a direct lender, but a mortage broker.
2. The buyer was only marginally able to meet the lenders qualifications to begin with.
3. Between the initial property appraisal and settlement, the lender classified the location
as being in a "declining market" area.
If this was the case, the lender can make such rediculous demands at the last minute.
While you should have a real estate attorney review everthing, often it's over before
one has the time to think of this.
At a minimum, make sure you have a written account of what you were asked to do, and what
you actually agreed to. (Also, who made the demand/suggestions.)
If you have any doubts, postpone settlement and/or terminate the agreement and put the property back on the market. You are not obligated to change any of the terms of the agreement of sale as you've outlined.
Charles Allan Dick answered:
Two hours drive time gives you a very large area of possiblity.
One questions is, would this be a permanent (year round) dwelling or a vacation type home.
And the second questions is, your "water purity" expectation.
There are lake/water front home in Bucks, Montgomery, Schuylkill, Lehigh counties and beyond.
The questions are also how large of a lake? Do large streams fit your requirements etc.
The farther north and west you go, the better the water conditions become.
The drive time would also change based on the types of roads to get there.
One questions is, would this be a permanent (year round) dwelling or a vacation type home.
And the second questions is, your "water purity" expectation.
There are lake/water front home in Bucks, Montgomery, Schuylkill, Lehigh counties and beyond.
The questions are also how large of a lake? Do large streams fit your requirements etc.
The farther north and west you go, the better the water conditions become.
The drive time would also change based on the types of roads to get there.
Charles Allan Dick answered:
Tina's answer provided some real insight into the largest variable, when it comes to the taxes.
That is, when was it last accessed.
Older properties will normally have a lower accessed value, so if you took an old home selling for $500,000.00 and a brand new home selling for $500,000.00, the taxes would be significantly different.
If you would like, email me a brief description of the type of house you are considering, including size, style, etc. and I can send you listings that have similiar characteristics and select some that are in the same price range but different ages and you can see for yourself.
That is, when was it last accessed.
Older properties will normally have a lower accessed value, so if you took an old home selling for $500,000.00 and a brand new home selling for $500,000.00, the taxes would be significantly different.
If you would like, email me a brief description of the type of house you are considering, including size, style, etc. and I can send you listings that have similiar characteristics and select some that are in the same price range but different ages and you can see for yourself.
Charles Allan Dick answered:
Doylestown is still doing pretty well. Especially for properties in town. The prices are down from the 2005 peak and depending on pricing, the DOM (Days on Market) would be longer, but if priced commensurate with the amount of work needed, there are buyers looking for bargains.
So much will be based on your exact property, that the best approach for solid information is to invite one (or several) REALTORS to provide a "no obligation" listing presentation.
Evaluate each. And decide if your goals can be achieved.
When you are ready, please give me a call.
I'd be happy to assist you.
So much will be based on your exact property, that the best approach for solid information is to invite one (or several) REALTORS to provide a "no obligation" listing presentation.
Evaluate each. And decide if your goals can be achieved.
When you are ready, please give me a call.
I'd be happy to assist you.
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