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Home Buying in 02360 : Real Estate Advice

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  • Local Info2
  • Home Buying9
  • Home Selling7
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Activity 7
Mon Apr 18, 2016
Toneill asked:
I completed the on-line $75 Home Path Buyer Ready program hoping to take advantage of the 3% closing cost assistance. But, when I submitted my offer, the paper work showed that my offer…
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Sat Mar 12, 2016
Scott Godzyk answered:
It may not do it automatically if the agent does not have an account. To get auto updates they have to have an auto feed. If not they need to sign up again and may have to add it manually. ... more
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Mon Oct 7, 2013
Rentalsinplymouth answered:
Sorry but Some Wrong answers here.....
It is not the Sellers Responsibility ....
The law states that an inspection must be performed and system must be certified within 6 months of closing.
Nowhere in the law does it say that it is up to the Seller. It does not say at all who will be responsible.
It can be a point of negotiation as to who will obtain certification.
As a practical matter, it is the Buyers banks that are insisting on certification prior to closing. Few Buyers are willing to pay for it, but I have had instances where Buyers have done the inspections and have payed to install a new system.
If you pay cash for a home, you can purchase without an inspection, but it is supposed to be done within 6 months of closing. However no one from the town will be checking to see that it was done .
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Thu Dec 27, 2012
Kathy Schelleng answered:
Often times a seller may decide to list the home but wait until they have an offer before spending the money to get the Title V certificate. A buyer's agent who assists you in writing an offer should include an addendum that requires the seller provide a passing Title V certificate by a certain date prior to settlement. ... more
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Sat Aug 18, 2012
Wendy Pomeroy answered:
Great Answer, Corey, but town building department is on Lincoln Street off Route 3A (Sandwich Street).
The building department is located on the first floor and staff very helpful. Usually cost of copy of property record card is $.25/page. Keep in mind many homeowners over the years complete updates without "pulling" proper permits so some plumbing, electrical, and construction may need to be accessed to obtain permits once you have purchase a home. ... more
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Thu Oct 2, 2008
Brenda Sutherland answered:
The house sold for $104,000. Lesson learned, if you see a house, but in an offer, don't wait. The good ones go quick, can you imagine, this house sold for almost $60,000 below asking! Don't be afraid to put in a "low Ball" offer, all they can say is no. Let me know if I can be of any help in finding that perfect home for you.
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Mon Jul 21, 2008
Hi Steve!

I suppose that best way to find out if the offer has been presented is just to ask your agent.....! :-)

But just to give an overview...

From my experience, in current real estate market, there are 2 main ways in which a prospective homebuyer would have to deal with the bank accepting/approving an offer on a property. Foreclosures and short sales. In a foreclosure, the bank is the seller. In a short sale, the owners are the sellers, and the bank needs to approve the offer.

The challenge for you and your agent is that banks can be difficult to deal with.

During foreclosures, the listing agent will likely have a well established relationship with the bank who has foreclosed on the property, and the process should flow smoothly, albeit slower than dealing with your typical homeowner.

On the same token, short sales can become an extended process over a few months. The reason for that is... the bank takes forever!!! In this situation, the agent establishes the market value of the property and pushes for bank approval. Some banks are more organized than others, but the listing agent could end up sitting by the phone and fax machine for hours and hours trying to get through to the right people who can make your deal go through.

If you really love the property and you're getting it for a good price, just relax and wait. Ask your buyer's agent how the process is going, they should be able to give you an idea of where you're at. Often times, short sales are approved, they just take awhile.

I hope that helps! Let me know if I can be of further assistance.
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