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Home Buying in 01748 : Real Estate Advice

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  • Local Info3
  • Home Buying13
  • Home Selling3
  • Market Conditions0

Activity 13
Karen Koehne, Real Estate Pro in Marietta, GA
Tue Jan 14, 2014
Karen Koehne answered:
As a general practice, keys should not be given until monies have been conveyed. The closing attorney or title office will often times hold the keys as a matter of convenience and then will contact all parties once funds have been transferred. ... more
0 votes 7 answers Share Flag
Michelle Car…, Real Estate Pro in Coppertino, AL
Wed Sep 25, 2013
Michelle Carr-Crowe answered:
You have received some excellent advice here. Another colleague in a different state recently shared that an email "meeting of the minds" was upheld by law as full acceptance.

Of course, unless the contract had zero contingencies, in California, I understand it would have been void once buyer changed his mind and communicated it to the seller. ... more
0 votes 13 answers Share Flag
Heath Coker, Real Estate Pro in Falmouth, MA
Mon Jul 15, 2013
Heath Coker answered:
I would follow the advice of your attorney.

This is one reason why I would use a local legal professional.


(Please note: when you choose an answer as a Best Answer, or at least give a thumbs up, it helps those who answer questions here.) ... more
0 votes 6 answers Share Flag
Christine Mo…, Real Estate Pro in Wilbraham, MA
Thu Jul 11, 2013
Christine Moran Realtor & Notary answered:
There is a big scam just like that. After you wire them the funds the check bounces. It is usually run with an Asian male name as the buyer and sometimes the country is Canada where the buyer is. ... more
0 votes 4 answers Share Flag
Lynne Hagopi…, Real Estate Pro in Framingham and South...
Thu May 30, 2013
Lynne Hagopian answered:
I would call the assessors office for the town and ask this question about what they recognize as the year built as most of the time realtors rely on public record. You can always disclose both years if you should sell the home or that public record shows differently or incorrect. Good Luck! ... more
0 votes 1 answer Share Flag
Christine Mo…, Real Estate Pro in Wilbraham, MA
Tue Jul 5, 2011
Christine Moran Realtor & Notary answered:
If you are going to lose a hefty deposit you need to decide if you should buy and then resell down the road ...which would be a worse loss. Call an atty.
0 votes 5 answers Share Flag
Louis  Wolfs…, Real Estate Pro in Needham, MA
Mon Mar 7, 2011
Louis Wolfson answered:
Sandra J Ste…, Real Estate Pro in Cottonwood, AZ
Sat Mar 5, 2011
Sandra J Steele SFR, AHWD, SRS answered:
Greeting and thank you for asking your question.

Your REALTOR® is there to work for you as a Buyer's Broker and should represent you with integrity. If you want your REALTOR® to write an offer on a property of your choice, then you dictate the amount of earnest deposit you would like to put down and the price and the type of financing after speaking with a professional with a mortgage company near you and NOT one on line. The loan officer will pre qualify you and hopefully you and your Realtor® will come to a meeting of the minds. If not, I highly recommend that you find yourself another REALTOR®.

If you need us to refer you to a Realtor® in your area, please don't hesitate to call us toll free at 888 460-2911 or 928 649-9888

Good Luck and enjoy your new home which ever one it may be!

Sincerely,
Sandra J Steele
... more
1 vote 10 answers Share Flag
Amy Mullen, Real Estate Pro in Shrewsbury, MA
Fri Oct 15, 2010
Amy Mullen answered:
Hav1226,

Your agent should have your best interests in mind...even if that means you keep renting or spend less than your loan approval amount. At the end of the day, YOU have to live with the decision, not your agent.

There are many positive reasons to buy right now...even with the uncertain future and some options in case you have to move. You can always rent out the house if you end up having to change locations. The tax deduction and instant equity that is to be had in this current market does make it an attractive choice.

BUT..do what is right for YOU!

Amy Mullen, Realtor CPA
Re/Max Professional Associates
www.amymullenrealestate.com
... more
0 votes 4 answers Share Flag
Matt Heisler, Real Estate Pro in Westborough, MA
Thu Aug 19, 2010
Matt Heisler answered:
As noted below, an investor would pay a price that would enable him/her to achieve their financial goals. Fix and Flip, condo-conversion, buy-rent-and-hold, are all different strategies that use different criteria to come up with rates of return and acceptable entry points (purchase prices). So if you have a home at 65K that is so banged up that it can only be rented at $100 a month, an investor would pass, or bid less. If he felt the target income was $1000/month, he wouldn't hesitate to pay list (but would likely have to pay more). ... more
0 votes 5 answers Share Flag
Pat & Steve…, Real Estate Pro in Westlake, OH
Mon Mar 1, 2010
Pat & Steve Pribisko answered:
I am a Realtor & an Attorney (30 yrs), licensed for both only in OH & you're not my client. So, anything I write is my personal opinion. This type of issue happens & what recourse you may have is not worth your time or money. Keep your money for the house you buy, not for legal fees. My partner (& husband) & I have a saying we share with our clients & it's only one word, "Next." Pick yourself up & start looking for homes again ASAP. For our clients the next home has been at least as good as the first one & many times the next home is much better! ... more
0 votes 7 answers Share Flag
Kim Marin,  in Grapevine, TX
Sat Mar 14, 2009
Kim Marin answered:
Just so you know, while a sales contract calls for earnest money, not paying the required earnest money per contract only puts the buyer in breach of contract and does not nullify the contract
"If you agree to pay earnest money but do not make the required payment or your earnest money check “bounces,” you will probably be considered in breach of the contract."
Our Texas contracts say: "If Buyer fails to deposit the earnest money as required by this contract, Buyer will be in default."
The consideration that William wrote about refers to the purchase price stated in the contract, which is an integral part of what constitutes a valid contract.
I'm not sure what state you are in, but Sandy is right when it comes to Texas contracts regarding the option period.
... more
0 votes 8 answers Share Flag
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