Home Selling—questions & answers, advice and opinions page 219

misled and deceived by real estate broker.what recourses. loan modification paid up front. no results, ended up with short selling homes (2).
short sale listing kept "in closed circles", i.e. limited exposure on the open market. Short sale benefited lenders who got their minimum price the lender would sign off. Broker's advice…
What is the rule for agents when it comes to stating the number of bedrooms?
Home I am contingently buying has two rooms in the garden level. Those rooms have no means of egress and violate city code on bedrooms. They have glass block window but no means to escape in case of…
I have had my home listed in the 19131 area since September 21, 2009. I live close to city ave, fairmount park, etc. I just don't feel that my
agent is doing enough to promote my home. I have had only one open house and she does not contact/network with other agents. Can I ask that she be removed and ask the company for a new agent? Should I…
Should I list my house and wait for the right price?
I am looking to move out of my row-home into a duplex or possibly a triplex. I am looking to supplement my income and decrease my cost of living by having a renter or possible renters occupy the separate…
Short Sale Blues I am in the process of a short sale. i was out of work for 3months, but i amonly 1 month behind in terms of my mortgage. As i do
have some financial strain i am extrememly capable of affording my home. i owe 280,000. At last check in May of 2009 it was valued at 240,000. i have been in the home since July of 2009. I do have a potential…
Why do so many List Agents posting here and similar sites leave out a critical piece of information when listing a condo, Amount ($) of the Condo Fee?
In Maryland, and many other states, listing agents time after time do not list the Condo Fee on Trulia and similar websites, in addition to their own website. This is one of the most critical decision…
Entering At Low Price Made Others Price Their Houses At Or Below Ours
Hi, Our Realtor told us to price below others in the area to make our home sell and make their prices look too high. In other words, the other home would sell ours. But, now since we've done that…
Do realtors have to obtain consent from both parties on a listing agreement to reduce the listing price? If they don't ?
I am in the middle of a divorce and my husband and I listed our house for sale with an agent. Since the listing she and my husband have reduced the price twice without consulting me and failed to notify…
As REO Brokers how are you held accountable for the eventual sale of a property when you have no control over pricing?
As a HUD Consultant I evaluate many REO’s that appear to be over priced for the market place once basic renovations are added in. I was told that the Asset Managers establish pricing and that you’re…
What is a "ratified purchase agreement" in a short sale situation?
When trying to get out from an underwater house, I was told you needed to have a hardship letter and financials to show hardship. Some keeps telling me I am wrong, you need a ratified purchase agreement.
Single story vs 2 story homes? What do people prefer?
I personally like the stairs because I think they are one of the major highlights of the home. But what do most other buyers prefer? Obviously if you are older, a single story home would be better due…
Finding a good Realtor
Let me ask this Question a different way. I am looking for a Realtor that specializes in short sales here in Southern Maine.
i own a home in glen ellyn it has been appraised and that appraisal leaves no room for profit i feel this is so un fair what can i do
reverse mortgage, must sell can not afford taxes,or to keep. home needs some work ,great location ,great family neighborhood. i dont feel its fair to turn it over to the mortgage company yhey should have…
Any one have sellers upside down in Sparrows Point MD,?
250-300K price range willing to have pmts takeover to get out of property? Thanks
What's the best way to market a mid century modern house in Missouri?
House designed by architect and custom built and in great shape but is languishing in northwest missouri - is there a way to market this house beyond the metropolitan area?
Any additional resources for selling our home ourselves?
In an effort to save a broker's fee, my husband and I are attempting to sell our home in Wakefield, MA ourselves. We purcahsed an MLS listing number ($300) and advertise frequently on Craigslist and the…
Tell me the process of selling a home when the house still have mortgage?
I want to sell this house myself, but we still have a mortgage on this house, how does transfer of deed work on this case? We have our mortgage through wellsfargo, my guess is do we 1) once a seller is…
my husband has military orders to tansfer. Our house went on the market and under contract in 30 days for
asking price. Appraised really low..now in a bind. Do I sell my house and bring 18,000 to the table at closing or do I rent my house and deal with all that comes with it?
I have a home to sell that is a complete fixer,it need tons of work.Where do I start to sell it as is?I just want to get ride of it.
Year buitl 1900,3 bedroom bungelow, crawl space, no furnace,no hotwater tank good location,good school system
Public records has my home info incorrect. We're trying to sell (by owner). Do I need to contact someone to get the incorrect info changed? If
so who? One website has details on our home, listing as "last sold in 1997", while others have it (accurately) as "last sold 2002." All of them say we have 2 bedrooms, when in fact…
Borrowing farmland in NJ?
I have a friend who wants to borrow 30 acres of farmland and farming equipment to farm and pay % profit to the owner. Would there be any land owner in NJ?
As per contract for short sale, agent is asking for 6% commission, What happens to the difference from what I owed Vs sale price, do I owe to bank?
I am exhausted from last two years, trying to refinance, now putting my house for short sale. Do I have to pay any thing to agent or bank? Housing market went down very much in our area and I think there…
We own a condo and would like to sell it and at the same time buy a house. What is the best way to go? Sell the condo, rent and then find house?
Our condo is in a nice Des Plaines downtown area, built 2005, relativelly new, with lots of upgrades. We bought it 3 years ago, and would like to sell it now, and find a house. Problem is, we don't…
I am closing 12/9, appraisal & inspection both passed, buyer will get committment letter by 12/6. What else can go wrong? I hear nightmare
stories. about closing days. I already had one contract fall apart because buyer could not get commitment letter from bank 2 weeks prior to closing. This is my second attempt. I am worried that I will…
Commercial
Do you show commercial listings as well as residential?
How do we sell an octagonal log home??? It is a beautiful home, with lots of great perks, but no one has made an offer. We have dropped it over $120K!
We are way under last appraisal. It has a terrific remodel kitchen and three barthrooms - on three acres with a horse barn. There are no CC&R's. It has fresh paint outside and a 3 car garage.…
Im under contract with an agent, I choose a different agent but she quit so i was pushed off to someone else in the company.
I never got a copy of the contract cause she quit not much longer after listing my property. So i have no idea what it says but it was with my old agent. I havent signed anything with the new agent except…
How hard is it to convert a residential property (apartment on the 3rd fl. of a residential building in Chelsea, Manhattan), now used as a warehouse?
Once converted to residential I might be renting/ selling/ living in it. I understand it's much more valuable per sq ft as residential.
Do I need to remove an oil tank prior to listing my home in Mamaroneck. Currently have oil heat and gas hot water.
Inheirited my father's home in Mamaroneck and wanted to know if I needed to remove an oil tank prior to listing the home for sale or can that be negotiated during the selling process?
If I list my property with a Realtor what is the nrmal length of the listing agreement?
Also what are the options I have to exercise termination of the agreement? Additionally, does the listing agent need my permission to list my property on property portals such as Trulia? Lastly,…
Do all the major NYC brokers insist on an exclusive right to sell? Will they use an exclusive agency if he asked for?
Also, what is considered "willful default" by the seller? Will brokers allow a right to terminate by the seller to be added to the brokerage agreement? Thanks for your input!
Appraisal of a home without a Basement
I recently had an appraisal done, all the comps used where based on houses without basements, Most of those comp where not as similar as other houses in my area, Are the basement comparable more important…
What is the best option for getting rid of our home before three years is out on first time buyer tax credit? Can you rollover loss to next mortgage?
My husband and I bought a condo in San Jose for $313k at the end of 2009. Houses with the same floor plan sold for $500-600k in 2005-2006 so we thought we were getting a great deal. We did an FHA loan…
I've a house for sale in Federal Way, WA but don't see it listed.
I have a 3Br 2.5 bath house in Campus Woods area in Federal Way, WA and has been listed with JLScott and is in the NWMLS. I am not seeing it in the interactive map or the homes for sale listing. Is there…
Who is typically responsible for getting the deed, affidavit of title and 1099 tax form for a house sale in Central NJ?
Who is typically responsible for getting the deed, affidavit of title and 1099 tax form for a house sale in Central NJ? Isn't it typically something that the seller's realtor handles?
Is there a way of warning people NOT to use a certain realtor or realtor office?
I had a terrible experience with a realtor and I want to make sure other people do not suffer like I have.
Should I sell if don't need to?
I live in the metro Atlanta and bought a foreclosure in late '08. Great price, but a BIG house for just 2 people (5B/4BA). Thinking of downsizing, is this a good time to put the house on the market…
please HELP! I need to sell my home but now the pool liner has a hole in it...should I spend over $1000 to?
fix the pool or just cover it and tell potential serious buyers that I will help pay for a new liner? We live in PA, pool season will be over in a short time...or should I just tear the pool down altogether…
What incentive would persuade you, as a Realtor, to attend a "Brokers' Open House" conducted by the homeowner?
Assume you receive a postcard mailer for the open house. Would a raffle or giveaway persuade you to get in the car?
Hi, we are from Denmark an we have found a townhome in San Simeon, Cherry Loop, nr. 4016. We could be interested!
Is there chineese drywalls? If you buy cash - What ´s the price? - and which expensives to pay every month? Is there any insurrence?
Why the sellers need an real estate attorney?
I am consider having an real estate lawyer for my current transaction due to my agent having duel relationship and some other matters. as a seller what can a real estate lawyer help?
FHA Shortsale was denied! Now what...
FHA shortsale was denied because I was not past due, even though the whole reason I had to apply for a short sale was because I have to move due to job relocation. I even offered to to pay the defieciency…
Mortgage Contingecy or not?
I am a seller we have two offers one at $652,000 without a mortgage contingency and one at $678,000 with a mortgage. Which is the better offer?
in a short sale with absentee owners, who would be responsible to provides services for inspections
In most cases Listing agent is able to open a temporary account with the Electric Company FPL in Florida, and submit the lisitng agreement to Water company for one day service. Buyer should schedule all…
Our listing expired. We listed with a new agent but our old agent still has our home listed and has recently made a price drop.
Our listing expired oct 31. She came and got her sign and took the lock box. We relisted with a new agent on nov 10. Looking for my new listing I find our first agent still has our house listed and has…
Suggestions for finding a local Lender or Mortgage Broker?
Hello, I'm going to be buying and selling High End Homes in LA, and need a Lender or Mortgage Broker who will work with me to get my buyers qualified. Please contact me if interested. Enjoy,…
Should the seller's agent disclose a relationship with the buyer?
My agent received an offer on Monday evening or Tuesday from a potential buyer. While he may have known who the buyer was ahead of time, for the sake of the argument, let's assume that it was noon…
What should price range be for the property at 19 Oak st. Yalesville section of Wallingford, CT?
We paid 205,000 for it 5 years ago. Realise the climate has changed. Have added a deck and updated electric service.
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