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
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
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
Your REALTORÂ® is there to work for you as a Buyer's Broker and should represent you with integrity. If you want your REALTORÂ® 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 RealtorÂ® will come to a meeting of the minds. If not, I highly recommend that you find yourself another REALTORÂ®.
If you need us to refer you to a RealtorÂ® 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!
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
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
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
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 â€œbounces,â€ 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