Home Selling—questions & answers, advice and opinions page 184

Short sale? Seek an attorney? 1st mort = 407k, 2nd mort 192k, current approx home value = 550k. Just took a 40% pay cut and can't afford my
home.... I recently was forced to accept a 40% pay cut to my salary. I moved to SW florida in 2007 and bought a house for 640k. I'm current on payments, but won't be soon as I burn through…
What value do designations have?
Are buyers and seller influenced in their choice of agents by these? Do buyers and sellers find agents as a result of having a designation?
What is the housing market prediction for the Winston Salem area in 2011? Does it seem that it will be much better or worse in spring of 2012?
We are thinking of putting our house on the market sometime within the next 15 months or so. I know that the housing market for the country as a whole still isn't looking that great, but what's…
Can i do FSBO & Relator Listing simultaneously?
Hello, I am trying to sell my home by listing with an Agent. I would also like to market it simultaneously as a “for sale by owner”. I would like to pay the realtor a decent flat fee for…
Repayment of $8000 tax credit
I purchased my home in March 2009, claiming my $8000 tax credit for filing year 2008. I read I have to be primary resident for 36 months. If I sell my house early 2010 and move out of state for another…
What happens in NJ when the seller dies? His spouse did not sign the listing agreement. I'd like to terminate the listing agreement.
My father died last week; owned the property with my mother. I have/had POA for both of them. The listing agent has been totally worthless but there are still four months left on the listing agreement.…
Has anyone used Iggyshouse.com "Free MLS Listing"?
Just had a similar question deleted, not sure why but we'll try again (apologies if I'm missing something, but this is a legit question not an advertisement!) I just found this website: http://I…
Why do most of the Major Brokerages NOT use MLS in the eastern Hamptons?
And why are the ones that do use it allowed to not follow MLS rules by LIBOR? Some companies use MLS in Westhampton, Hampton Bays and on the North Fork, but don't employ it in Southampton, Bridgehampton,…
After offering to pay all closing costs, is it reasonable for my buyer's loan agent to present a bill for $13,497 for underwriting a $348K FHA
loan? I'm selling my family home in Bellflower 90706. I'm not in a hurry. I recently received an offer that asked for a bit too much back in costs, so I countered. I offered to pay ALL closing,…
Trying to qualify to do a short sale on my home. Am I required to report my husband's wages for a short sale request if his name isn't on?
the loan? We requested a modification on our second loan recently, included his wages along with a contribution statement the bank requested and were denied (I'm guessing because we showed a $200…
Can't reduce price anymore (REALLY can't) - don't qualify for a short sale. Got married, house is vacant & listed for over a year.
What to do? Okay, the house is overpriced, but there is only so much money to write a check and that is where the price is. There is no financial hardship, so can't do a short sale, etc. Are there…
The market for real estate in the Bahamas is too slow, any ideas how to sell, trade, or otherwise liquidate a 2BR ocean front condo in the Bahamas?
I have seemingly gone through every realtor on Grand Bahama trying to sell this 2BR beachfront condo: http://www.moskorealty.com/photos.php?property_ID=3286 I have tried listing for swap but only get…
When holding an open house, is it OK to print out your own brochure or should you leave that to your Realtor?
I ask because we have made a lot of improvements to our house that are not quantified within the brochure for our house. My thought is, a brochure that highlights all of the renovations, upgrades, and…
What can you do about an agent who has a property listed that doesn't exist.?
The property listed is an MLS number of a home that has closed. I understand the concept of listing "to-be-built's" for a builder, but I feel this is totally misleading. It's a phony…
I'm looking for a real estate agent to list a 2bdrm 2bath manufactured home at the Farm on the Farm Rd. in
Wildomar Ca. I am a P beneficiary owner and live in So. Oregon. Looking for some comps. and info on current market . Please call on my cell 541-301-0159
Who is the best realtor in Bellflower, California?
Should I get an agent from my area?
BPO- if note holder does not agree on appraised amount to allow short sale. Seller removes property from market.
Continued: If seller removes from market due to no approved short sale, foreclosure will follow if I am correct? What are the major issues with foreclosure for the seller? How do million dollar properties…
We are selling a home in Medford new jersey. The termite inspector hired by the buyer found no evidence of
infestation or damage to the structure of the house but found evidence of termites 2 feet from the structure in one small section of the property. The buyers did not ask us to do any termite treatment…
Mom sold her home & there was no mortgage on the property. At the closing the my mother was charged 200 for a title closer, 150 for deed prep,
What 4? Mom Sold home to niece. Niece took out mortgage with mortgage broker. When check was handed to my mom automatically 838 was taken out. We were told that 488 was for transfer tax which we understood…
Can I list by owner in Bonita Springs, FL?
I would like to sell my home in Bonita Springs, FL by owner. Can I list on Trulia?
Why are Realtors expected to live up to professional standards that local policy makers do not enforce? Specifically I refer to the companies out
there who sell for a fee a listing on to the mls and then abandon the seller to make appointments and negotiate for themselves. We (real estate professionals) are required by law to disclose to all we…
City of Long Beach NSP2 program. It is a buyer downpayment assistant program from the city. Has anyone closed a loan with with program?
I just received an offer on one of my listing with the City of Long Beach NSP2 downpayment assistant program. Who has closed one? How long did it take? What are the hurdles and land mines? What are…
Can a buyer claim a non-rep fee be paid to them after agent shows property to them 3 times?
The buyer provided a contract from an attorney requesting the commission as a non rep be paid to the buyers at closing.
Can you rent a property that you have an FHA loan on? I am in Palm Beach County.
I live in Boca and just refinanced to an FHA loan. Now we want to buy a newer home also in Boca and want to rent ours. Can we rent if it's an FHA loan?
i am selling a 14x72 foot single wide mobile home. Who do i contact to get an estimate of it's value. When the house was purchased they wanted?
5,000 the home was set up because the first home they sold me caught on fire after a few weeks of being there, i said i'd sue when they said u bought as is, but someone messed with the wiring. The…
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Can I sell my condo while HOA has a pending lawsuit against builder for defects?
HOA suing builder over building defects to porches. Would like to sell condo while lawsuit is pending. How do I negotiate with possible buyers?
what if sale is pending (waiting for bank to okay short sale) but agent/broker agreement expires with seller. Does commission have to be paid?
Selling home for my senior citizen parents. Agent has treated me like a step child, minimal professional help or input. Getting email responses etc is like pulling teeth. I'm the one that did…
Has anyone ever dealt with crazy agents coming after your clients?
I tell ya! I am a rookie in this industry only 10 months into selling houses, but I feel like I have had a lifetime of crazy, weird, strange experiences with my clients!!! Nothing fails to surprise me!…
Is it time to sell?
Yes, less inventory makes for a sellers market. Your home faces less competition and therefore more desirable. Go for it and good luck. I Wosk
Is it normal for the buyer's loan to fall through? This is my 2nd time where buyers didn't get loan on day of escrow closing. Why are they?
preapproved We are the seller of a short sale in Murrieta. We have attempted closing twice without success. Both times the buyers who were already pre approved didn't get the final approval from the…
My RE agent quit. The company she worked for won't let me out of listing. No agent closer than 450 miles, no sign, won't return calls. Help
I really need to sell my house yet this company won't let me out of listing. The house has not been shown in 3 months since local agent quit. There is no sign in yard,no one will answer listing agent…
I have had my house for sale now since 9/08. In January of 2008 my realtor submitted a contract of sale
along with my hardship letter, authorization letter, financial form, etc for short sale. Then in March she submitted another contract with a higher offer. Since then my lender has yet to get back with…
I took a 1% deposit to sell a home 9/9, additional 3% due 9/24. Buyer did not deliver second part of deposit, wants out. Punch completed.I keep dep?
Took $3,600. dep 9/9, $10k due 9/24. Part 2 of dep was not delivered, yet I completed our mutually agreed punch list based on the inspection buyer provided. He did NOT include basement water remediation,…
On Dec.15th, 2010, the loan officer told the buyer for my house that the closing would be with ten days. As of today (Dec.21st), I, the seller,
still have not receive any call or letter from the closing lawyer regarding the closing date. Does a closing before Christmas still look possible right now ? Or ten days just mean ten business days? Could…
Is it normal for someone purchasing a short sale to request to view the property periodically while awaiting approval?
We are trying to sell our hme vis short sale and the process started about 2 months ago. The buyers agent contacted my agent and want to view the house again. Is this common? We hope they are not having…
I am a Realtor in Southern CA and need to find a Christian Realtor in Palm Harbor, FL. for a referral. Email me at Aaron@AaronZapata.com, Thanks.
Agents - I will ask you questions about where you attend church, how often you attend, and how familiar you are with the area. My client is looking for a strong LISTING AGENT and will be interviewing at…
My husband and I currently live in a four bedroom 2 and a half bath home in a suburb of Denver. The original floor plan allowed for either a fourth
bedroom or a loft. We bought it from the previous owners with the four bedrooms. We are cosidering converting the fourth bedroom into a loft. How will this effect our resale value? I think having the…
I have a home under contract with a 10 day inspection period and they have not given a list of repairs and we are on the 11th day. What happens now?
Their agent says they are covered because they have had the inspections done. I thought they had to respond back to me their list of repairs in that 10 day window also?
We need to list a home fast
My parents are not able to keep it, they owe 7,000, Mom is in a rest home, Dad lives with me and it will be forclosed on soon, so we want to try to sell it, the bank told me it was valued at 40,000, but…
Even though required by local code, there was no Certif.of Occupancy issued before I bought my condo. Does title insurance cover costs to get the CoO?
The City of Chicago says our condo building (a gut rehab with 8 occupied units) does not have a Certificate of Occupancy. We were informed that the building needs major repairs to get the Certificate -…
Can liens be placed against short sale home for a/c units that were still unpaid for at time of sale?
The short sale home has an attached a/c unit that is still under payment plans
I have a lakehouse water front home that is listed 31K below appraisal value. Our first offer came in at 80K below appraisal value. Is this normal?
This property is located in Cedar Creek, TX. The home is completely furnished with less than year old furniture. Located on two lots, secluded area. Extremely nice. Surpised at the first offer; first…
My landlord is selling the apt on short sale can i get on the cash for keys program? The new landlord wants to raise my rent so I want to leave
My landlord made me hide all defects from the house to the new buyer and he left to India, so the realtor advise me to live my deposit which I did and it will be over on dec 23rd, though the closing with…
How do you find out who the top selling agent is in your area?
We'd like to know if there's a website that lists agents by the # of properties they've sold. Any advice would be helpful. Thanks
if two people that are married own a home wouldnt both of their names be on the deed?
my friend said she OWNED her home but I only saw her husbands(ex) name listed under owner name, then we they got divorced she left cause she said she couldnt afford the house. who buys a house they cant…
The VA did not fund my buyers loan due to a mistakenly applied rule that has nothing to do with my property
The VA appraiser cited rule 12.01 which states that a seperate building on a residential property designed for or used for commercial purposes cannot be more that 25% the floor space of the residence.…
How long was this condo on the market? I would like to sell my hilliard height condo as well. Thank you.
-- This question is about this property: http://www.trulia.com/homes/Ohio/Hilliard/sold/22744564-4871-Stoneybrook-Blvd-OH-Hilliard-43026
Help! I need to sell my "luxury" fan condo ASAP. How do I find an agent experienced in short sales?
I lost my job a year ago and have given up on finding employment in the Richmond area. I owe more on my high-end condo near VCU than current market prices. I still have cash assets and a retirement account…
Are wood fences typically Section 1 items when not specifically addressed in the contract?
I have a fence surrounding my property that I am selling - it abuts to common HOA ground. IS this Section 1 or 2.
How does PMI affect your short sale?
Have a short sale pending (FHA loan) and wanted to know if PMI insurance helps or hurts the chances of a short sale's approval/
Agents use low interest rates as a motivator for the buyer. Would it not be better for everyone if we used rising interest rates to motivate sellers.?
Since we must chose to say that low interest rates either help buyer or help sellers. Would it not be better and also more mathematically accurate to explain to sellers that now is the time to sell because…
what can i do if my attorneys are not releasing the escrow because the buyers attorney is claiming that she can not get in touch witth her cllient?
i have complied with everything i needed to do and now she is not signing what recourse do i have,
I have 3 single family houses in Pompano Beach for sale (2/1, 3/1 & 4/1).
2 are rented with Section 8 and the other is vacant. Anyone interested to buy?
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