Home Buying in 78758 : Questions & Answers

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Jim Morelli, Real Estate Pro in 78753
Jim Morelli answered:
is earnest money for the agent's compensation for helping find a house for the buyer?
Earnest money is to show good faith on the part of the buyer. In the event a buyer was to default the earnest money would be forfeited and then distributed according to the contract.
0 votes Share Flag Thu Feb 26, 2015 Home Buying in 78758
Ashley Stucki, Real Estate Pro in 78739
Ashley Stucki answered:
Do you have to put earnest money down? Is there a required amount for Texas?
Earnest money is a negotiated amount that needs to be agreed upon by both the buyer and the seller. Customarily it's 1% of the contract sales price. Earnest money is held in an escrow ... more
0 votes Share Flag Mon Feb 23, 2015 Home Buying in 78758
Melissa Cox, Real Estate Pro in 78733
Melissa Cox answered:
how do you get back earnest money that you paid?
You need to talk to a real estate lawyer to get an accurate answer. They know the law and will be able to tell you if this is plausible in your situation.
0 votes Share Flag Tue Dec 30, 2014 Home Buying in 78758
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
What does it mean for a condo HOA to be in receivership? Should I be concerned?
YES, it usually means they are bankrupt or could not handle their own finances and have been taken over through a court appointee.
0 votes Share Flag Thu Sep 12, 2013 Home Buying in 78758
Shannon Blac…, Real Estate Pro in Austin, TX
Shannon Black-hartzell answered:
S won't extend contract end date from 5/31 to 6/4. Can B get earnest $ back? M/F got appraisal 5/29; 5/31 closing reset to 6/4; S refused to
Good Point Shawn...But if you read Texas's Third Party Financing Addendum there is a number of days section listed...After however many days was filled it(Let's say 20) it states Buyer ... more
0 votes Share Flag Mon Jun 3, 2013 Home Buying in 78758
1st Zero-Emi…, Real Estate Pro in Austin, TX
1st Zero-Emissions Realtor answered:
what is a TBD CONTRACT?
Tiny But Deadly contracts! Stay away from those.
Send me the TBD contract and I'll take a looksy for you.
0 votes Share Flag Wed May 15, 2013 Home Buying in 78758
Jim Schaffra…, Real Estate Pro in Austin, TX
Jim Schaffrath answered:
Is there a rule as to the number of days buyer has to deposit E M with title company?
Option Money must be deposited within 2 days of contract execution date. Earnest Money timelines are usually in the contract
0 votes Share Flag Tue May 14, 2013 Home Buying in 78758
Kevin Cottre…, Real Estate Pro in Austin, TX
Kevin Cottrell answered:
How do we validate an offer on this site? Can anyone post a listing or does Trulia have a way of knowing that the offer is completely valid?
I'm puzzled by the term "offer" as well. From the comments below and no response back, it is likely that we're all simply 'fishing' with responses and assuming you're a FSBO. If so, a ... more
0 votes Share Flag Tue Nov 27, 2012 Home Buying in 78758
John Crowe, Real Estate Pro in Austin, TX
John Crowe answered:
my dc condo is in receivership? Does this affect my personal credit rating?
Is your unit in receivership? I'm most familiar with this term applied outside of commercial real estate, really. If it's yours, I would gather you have gone through a forecl ... more
0 votes Share Flag Fri Jul 6, 2012 Home Buying in 78758
Betina Forem…, Real Estate Pro in Austin, TX
Betina Foreman answered:
I am buying a short sale in florida should i put a good faith deposit of 1,000 dollars at contact.
Dear Brian,
I would contact a Florida Realtor or Broker and see what is considered normal in that market. The Austin home market is very differant from Florida. Austin does not have th ... more
0 votes Share Flag Sun Feb 5, 2012 Home Buying in 78758
J. Mughal, Real Estate Pro in 34786
J. Mughal answered:
In Tx how do I determine if an asking price is fair on remodeled 68 home what all goes into that figure and is there a general guideline that is used?
Contact a local agent and request CMA and you will learn if the house is priced right and what to offer.

0 votes Share Flag Wed Jan 18, 2012 Home Buying in 78758
Bill Eckler-…, Real Estate Pro in Venice, FL
Bill Eckler-Florida, answered:
The CAM's husband is president of the Assn. Is this legal? conflict of interest? What can I do?

This would seem to be a bit of a conflict of interest but its legality should be based on the HOA By-laws. Additionally, we would assume, the president ot the association ar ... more
0 votes Share Flag Sun Sep 19, 2010 Home Buying in 78758
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