Some background, the purchase agreement stated 45 days after acceptance is the closing date, but the buyer/bank is ready to close around the 35th day since acceptance. And the seller encountered some permit issues with the City Building department during the escrow process, and needs time to resolve this issue first before closing. Can the seller delay the close of escrow without having to pay for any extension fees levied by the buyer's bank, or any other penalties?
When a home is listed on MLS it is up to the listing agent and the seller to agree on timing of the open house. Once the decision is made the agetn or broker will set up a brokers only open house on the mls and within their own real estate network. Finding a agent or broker with a strong network helps with attendance at a broker's open house. Contact me if you would like to discuss further. Daniel@Myvalleyhomes.com... more
I work in West Hills and throughout San Fernando Valley. I have sold and listed many homes throughout West Hills and San Fernando Valley - I am very familiar with the area. I am a very experienced agent - and the #1 listing agent in my office for the past 4 years. I have an exceptional track record of success at selling properties, getting sellers top prices, getting my listings the most exposure and having very satisfied clients. I would love to talk to you further to find out more about what you are looking for in an agent, and how I can help you out. Please feel free to contact me.
Keller Williams Realty
You can always list it high making sure the sellers understand that the price is determined by what a buyer will pay and if you not getting offers it means the home is over-priced. Reductions in the list price can be built into the listing agreement. If you haven't gotten an offer in the first two weeks, reduce the price. Repeat every two weeks until an offer is received.... more
Hello again Joe,
The information should only be disclosed as 'information' -- the Buyer should be encouraged to perform their own home inspections and due diligence. What one inspector finds or describes may or may not be reflected in another inspection report. So, it's for information purposes only. I hope this helps.... more
This would depend in part on if you are buying to live there for a long time, or for short term (1-3 years). If you buy for the short term, and then see prices dip, you may miss out on equity growth. If you buy long term, you may see prices go up and down several times, and have a better chance at timing the sale for an ideal market.
A Local agent should be able to help you with more specific details that would help you make a more informed decision.
There is more information needed to give you an accurate value. Please call me so I can gather those answers from you and provide you with a realistic number.
You can certainly ask a Realtor to do that for you. I would define the term 'luxury' though.
In my humble opinion however, the worth of an agent is not measured by quantity but by quality. And even rankings in social media and such will never tell the entire story. Everyone is different and may have differing experiences of any given agent.
Good luck to you though!... more
I am assuming you are talking about selling one half. Duplexes are not zoned to be split. So what you want to do is not possible. If you are interested in selling your portion of the interest and your mother keeping her portion you could need to talk with a title company and Real Estate Attorney. You can ask them about Tenants in Common. The cost involved may include refinancing. A lender may not allow a Tenant in Common ownership. Even it is possible you would need someone who is skilled at setting up a tenant in common or also known as TIC.... more
Your agent is correct that the biggest issue is a longer closing time (and the lender's experience, or lack of experience, with this loan can also drag the process out even more).
There are two types of FHA 203k loans, a regular one meant for major repairs such as structural repairs or room additions and the streamlined version which can not exceed $35k, with a minimum amount of $5k, & is meant for more minor repairs such as paint, carpet, & appliances. All work has to be performed by licensed tradespeople (with few exceptions).
The idea behind the loan is that it allows a buyer to purchase a home that may need repairs to qualify for an FHA mortgage. The loan amount would basically be the purchase price plus the cost of repairs and the home appraisal is based on the value of the home after the repairs have been completed which should equal or be more than the loan amount. (The lender will sometimes request an 'as is' appraisal as well).
Depending on the repairs that the buyer is having done, you maybe better off doing those same repairs yourself & increasing the price. Attractive updated turnkey homes will usually have more interested buyers and more interest usually means more & better offers. It is the same idea of investors purchasing, fixing, & flipping but you are saving a step because you already own the fixer upper.... more
If you would give me a little more information regarding your home I would be able to give you a better idea as to the value.
Please feel free to contact me directly at (559)285-7241 or firstname.lastname@example.org.
thank you Kellene Hutchinson, SFR... more
First, seller's escrow fees are normally debited from the seller's proceeds and paid to escrow and all other providers at close of escrow....they wouldn't necessarily have to pre-pay any of those expenses so your question doesn't make a lot of sense. Additionally, the purchase agreement should spell out the division of fees between buyer and seller so double check your contract who is paying for what. It is escrow's job to then carry out the elements of the contract and as concerns escrow fees, they would simply debit the seller at closing.... more
free social websites are incredible popular like activerain, craigslist, backpage, trulia and the list goes on...
Check out www.postandsend.com and they can show you a few tricks of the trade .... more
You have not provided any details regarding your home; are you in a Condo or a Detached home on an Acre lot?
My point: details matter!
Speak with a Realtor® and investigate a possible exit strategy; or not, based on the relative demand your current home has in today's market!
Before you contact a Realtor® review the blog post below to understand how 2014 will not be "business as usual" as relatively compared to 2013.
"The Top 4 Challenges Buyers & Sellers will face in 2014!”
I saved my seller almost $700 by using Entitle Direct, an online Title company. They were known as Guardian Title but changed their name when they reduced their sales staff and went to an online operation.
Please read all of the fine print and compare, compare, compare.
Keller Williams Realty
I don't know if you willl get the answer you are looking for since we are not aloud to degrade or talk bad about an other real estate company or an other agent. I would say use google and search for your answer.... more