Obviously if the buyer has the knowledge and the experience, they can get credit equal to the BA commission by representing themselves. This can be either by reducing the sales price or by getting a credit in the escrow. I have done it. You can just get the right purchase form in your state, fill it in using your previous transactions as examples, sign it. and go ahead.
You can even include the fact that the LA needs to cooperate by opening the door during inspections and act for a proper possession of the property with no additional cost.
Now my question for those who have done this is: WHAT ARE THE EXACT LEGAL RISKS, if any, of doing this. The legal risk in a transaction is 99% on the seller side. Is there any on the buyer side? If so which one? And how using a broker or an attorney who would do nothing else than signing/representing legally, is going to remove that risk? In other words what's the legal downside to represent oneself as buyer?
Agents preaching to use a BA need not reply. Thanks.... more
Yes you get a loan now.I tell all my clients with lower scores to visit The Lenders Network, They have helped me close many homes by getting my clients approved even with scores under a 580. They are all experts at credit too so they can tell you exactly what needs to be done to increase your scores if needed. If anyone can get you a loan they can..
Slab leaks are really troublesome! slab leaks insurance is covered mostly by owners only. There is need of leak detecting in every commercial & residential areas because by applying leak detection process it helps you to locate & identify leaks in places where you don’t even know they exist. http://www.slableakcharleston.com/... more
This Toll Brothers build has to be the worst house building and buying experience ever (building is not my first rodeo). The construction manager is an arrogant jerk who does not pay attention to details. A worker flooded the kitchen and great room and the CM told us it was "cosmetic" and nothing would be done. When we kept pushing the issue, a moisture test was reluctantly done, which yielded a much different result and ended with new floors and cabinets. We are closing at the end of the month and I have such buyer's remorse and am afraid that I have made the biggest $800,000 purchase mistake in my life.
Not only are there construction issues that range from a cracked foundation to showers/toilets that workers used to urinate and defecate, but Toll, as the sole HOA representative, is allowing the backyard neighbor to keep a permanently installed basketball goal feet from my house. So the attached picture is the view I will be waking up to every morning from my master bedroom window. There is nothing "luxury" about this home and I have more trust that the roaches will survive Armageddon than I have in Toll Brothers. If I had to do it over, I would not have purchased a Toll Brothers house.
Don't know if I am late on this answer for you, if you haven't purchased a home yet go to "Texas veteran land board" they have lenders and realtor agents that have met the land board certification to be associated with their program. A big list and websites of lenders and agents to choose from. Just remember the land board rate maybe higher depending on the market, so you still have a choice going through the lender and not the land board... more
Megan finding a rent to own is a hard task, However. I can assist you. Please give me a call. I know of a great program tailored to the areas that you are interested in. I have had several clients successfully find properties. No scams involved!
Erica Texada, Broker
I am selling my home. The buyer is going through FHA. The inspection was completed with minor repairs. All the repairs have been done. The appraisal has been completed. What is next? How long should it take to get a closing date at this point.... more
You can wait until next year if you like but there's no guarantee that the real estate market is going to slow down. No one can predict the future, they just speculate. If you want you can wait until this winter and assess the current housing market and the US economy or financial market and go from there.
I hope this helps!
Seniors Real Estate Specialist
Certified Home Stager
United Real Estate Dallas
Personally, I really like the Keller area for that price point. Roanoke would be a good option too. There is a lot of new construction going on there so I would call it the next up and coming area. As far as schools Keller is mostly 9's and 10's. Roanoke is 8's & 9's. Trophy Club will be limited in that price range. Those are my areas of expertise. Feel free to reach out if you don't have an agent.... more
If the option period has come and gone, you must now take the legal route and seek an attorney's advice. One thing for sure, the Seller's prior knowledge and failure to disclose falls into a violation of the DTPA (Deceptive Trade Practices Act) for which you could cancel and be entitled to EM and/or recoup any expenses you may have incurred to date if you wish to bail out. In any case, speak to an attorney. Failure to disclose is a serious violation and ample reason to cancel.... more