Is this a For Sale By Owner listing? If yes, the seller does NOT have to pay your realtor. Your realtor will ask the seller to pay but it's not required. What will happen is if the seller refuses to pay, then you will need to pay your realtor. If you cannot afford to pay and the seller refuses - then your realtor will stop helping you with buying a home. Realtors don't work for free and if they don't get paid, they refuse to work with buyers.
If this is a For Sale By Owner listing, how will you know what amount to offer? Have you reviewed comparable homes to see what they sold for? Any homes under contract? Do you know what to look for in an inspection report? Will your lender keep you informed and be able to close on time or will your file be underneath everyone else's files and yours is last. Do you have cash to pay for closing costs? Will you get proof that your down payment is in a separate escrow account? Will you have a real estate attorney review the contract for you? Will you be using a title company? And the list goes on...... more
I would like to know who own the house on homer ave in Kansas City Kansas its entry I would like to see if the owner wants to rent it or rent to own so how do I find out plz the address is 1213 or 1215 or1221 thank you tina... more
If you do buy this home, I would use the fact you found traps to re negotiate the contract price. You can say you intend to buy this home BUT your new offer is $10,000. lower than the contract price. Otherwise, you can always cancel and walk away.... more
Lenders will not give you a loan because you will need to pay for an appraisal and a home inspection. When the lender reviews the appraisal and home inspection reports, they will reject this home. Bottom line - the seller / owner cannot sell this home unless they get a cash buyer who doesn't care about the unpermitted space. The seller violated the building code to avoid paying additional taxes on the home. Therefore, the seller owes the county / city $$$ in back taxes.... more
Lenders will verify your bank statements - at the time you request a pre approval, at the time you submit an application for a mortgage loan and finally the day before or the day of you close on a home. If you receive a large cash transfer (deposit) your lender will question it and will ask for proof. You need to understand from the lender's viewpoint, they don't want to accept buyers who deposit large cash amounts which COULD be from illegal activity - drug dealers, fraud, etc. This may not apply to you but this is how lenders think. As long as you can provide proof where the cash deposit came from - your 100% safe. Criminals don't have paperwork to provide proof.... more
It means the property is NOT for sale or rent. Websites like Trulia, Zillow and other real estate websites pay 3rd party vendors to copy property information from counties across the U.S. - as long as the county makes it publicly available. Therefore, the listings you see with "Off Market Public Record" means the information was provided by the county's tax assessor's database.... more
You need a harsh reality lesson. Landlords have the legal right to refuse Section 8 tenants because the amount you receive for Section 8 is much less than what the market rate for rentals is. Also most landlords refuse to accept tenants with pets. Therefore you need to be as flexible as possible. This means searching in areas besides Bergen County, getting rid of your cat and accepting a rental wherever you can get one. Because Bergen County, Hudson and other counties are close to Manhattan, landlords can easily get tenants who can pay higher rents without vouchers. This means you're on the bottom of their lists because you have a voucher. So you cannot afford to be picky and need to accept whatever you get.... more
Zillow and a local Craigslist ad are the best FSBO for my experience. "FSBO.com" was dreadful. It cost me $400 just to list on their website, which no one checks, and then they wanted 5% from the Buyer to provide a realtor. The only people that contacted me were the realtors. If the Buyers are charged 5%, now sales price gets hiked, and house may not appraise. But through Zillow and Craigslist, individuals looked at the house. If the Buyer had a realtor, I had the choice of what to tell the Buyer's realtor about their % (e.g. 2% or 3%) and whether I would pay it or Buyer had to.... more
I recently purchased a home from KB in the Los Angeles County area. I have been living in the home for three months, and there has been problem after problem, after problem. The workmanship is shoddy.
This is my second brand new home purchase, and this KB home pales greatly in comparison to the first one (by another builder). There is not one item in the house that does have some sort of imperfection - ding, dent, something. I have had stucco issues, and leaks. I will probably end up selling the home in a year. It is not a sound investment.... more
after a realtor showed me a property she had listed, I found out the house is not built on her sellers listed property but actually is built on the neighbor's property. After much back and forth,denying the obvious fact, that is is clearly on the adjacent property (not his), she brought an offer from another interested party and the seller has accepted the offer. Is the realtor wrong? What could happen to the poor person who unknowingly bought this?... more