Listing agents will always defend their sellers and claim there is nothing wrong with the house. In this region, it's very common because homes are sold "as is". However, I do have an issue with the listing agent cancelling your contract and putting the home back on the market. Are you working with an attorney? I would not sign the release form yet - hold off. The listing agent cannot put the home back on the market until you sign the release form. At this point, I would instruct your agent to start yelling at the listing agent and state you refuse to sign the release form and you want to negotiate the inspection issues. If the listing agent refuses, tell your agent that he/she will contact the Office Manager where the listing agent works at and your agent will have terse words with that Office Manager.... more
All the major companies sell homeowners insurance: GEICO, Liberty Mutual, Allstate, Nationwide, Progressive, etc. If you have car insurance, use that company and you will get a discount if you have both car and home insurance.... more
Both of your scores are above 620 so you should have no trouble finding a lender to give you a loan. However, you need to be aware that lenders will "punish" you because of your low credit scores. How? Lenders will charge you higher interest rates and additional fees. Lenders need to make a profit and yes, they do punish buyers with low credit scores to make that profit. Buyers with high credit scores are rewarded with low interest rates and low fees.
You can help yourself: Do you have cash savings (at least 3 months of fixed expenses in savings in the event you lose your job or have a medical crisis)? Do you have a down payment - at least 10%? Do you have cash to pay for closing costs? Do you receive a W2 (do you work full time in a salaried position for an employer)? Have you been in the same job for 2 years? Do you pay your bills on time?
If you have proof of everything in the 2nd paragraph, lenders will give you a break on the interest rate and fees. Yes they can lower it but only if you can prove everything else.... more
If you're not getting any responses, lower your asking price. As a retired realtor, the FIRST rule in real estate is pricing the property fairly and realistically. Pricing has NOTHING to do with what YOU think the value is. Pricing is 100% based on what has recently sold and what is currently pending (in contract). You need to understand that every buyer who is interested in buying your lots will ask their realtor for comps (lots that have recently sold and any other lots that are under contract). That is what your buyer will submit their offer on. If your price is too high, expect buyers to look elsewhere. They are doing this already because you don't have any offers.... more
Y'all are using phrases that this first time buyer does not understand. What does it mean, " It would be subject to the written cancellation of your offer, due to inspection or financing issues." Does this mean that if the first offer falls through, mine becomes the new contract until I cancel in writing,... or until the realtor cancels? It sounds very one sided.... more