Jerry Thompson II

Chris, if you want to E-mail me the address, or the mls number and I would be happy to look it up for you, jerry@c21jerry.com - Tue Jul 1 2008, 08:03

Carol,

I do not believe so, it was recorded thru the board of Realtors multiple listing system as having been sold, it is unavailable - Tue May 6 2008, 17:07

yes consider buying and no a low downpayment won't hurt you with the right agent and mortgage approval. In fact the timing could not be better to buy then now with a good selection of homes and great interest rates.

I would suggest you start your home search by doing three things, First sit down with a professional realtor have them review differnt financing alternatives pro and con and get a mortgage pre-approval, Secondly have them review agency representation and determine if you want to work with an agent who represnts you, and thirdly once you have decided on your financial ability and goals, and chose how you want to look review all of the homes in you fiancial reach and plan, and pick a few to look at, before long you will find a home that is the best value for you, and bought it with a professional you can trust. - Sun Apr 20 2008, 14:25

In Western New York Traditionally within a short time frame after both you and the seller have agreed to a contract, there is a prevision in the Buffalo Niagara Erie County purchase contract that defines this.

However it should be noted that there are a number of ways a purchaser can go about this, some chose to have one done before making a purchase offer, the benefit is complete knowledge of a property before making an offer, the negative is while you are completing you due dilegence and spending anywhere from $200 to $400 you could be losing the home to another purchaser.

Other purchasers negotiate a short period after contract signing, the benefit is both you and the seller have agreed to terms and price before you spend the money on an inspection, the downside is some sellers will chose to countinue marketing their home for either a backup offer or another purchaser in case the inspection does not go well. However I have found many sellers willing to give a purchaser a short time frame to complete this and keep home off market, it is best to make this quick typically less then a week 3 to 5 days so the seller knows both your sincerity and your willingness to respect their interest in selling.

ultimatly what is most important is that you recognize the context of a home inspection is to give you the purchaser full and complete knowledge of a home before you complete the transaction, when you want to have that completed is negotiable, between both you and the seller, and each possibility has both positives and negatives that a professional agent can clearly spell out for you. - Mon Jan 28 2008, 11:49

The question is a little vague, but first off you will need to speak to your broker to get the deposit back, the deposit is being held in escrow and will not be released until you, the brokers involved and the sellers agree to release you from the contract.

The second issue is this why didn't you get the mortgage, in the erie county agreement there is a specific provision for you to apply for a mortgage and then recieve it within a certain time frame, failure to do so lets either party cancel the agreement.

If you applyed and were denied for a variety of valid reasons, low apprasal, poor credit, bad income to debt ratios, you have a valid reason to move on ask for your deposit and wait for releases to get your deposit back, if you did not meet the banks requirements simply because you failed to try or changed your mind then that is a whole different issue and if you broker is legitimatly able to secure a mortgage for you, under the terms of the agreement, then you need legal counsel.

Either way you should get this done quickly you have a seller and broker involved who think you are buying the house or hoping you can close if this is not ever going to happen don't drag it out, it is difficult for them and there is no valid reason to delay the inevitable if you are not able or willing to buy the home, it may be tough but let them move on. - Fri Oct 12 2007, 15:41