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Home Buying in 19355 : Real Estate Advice

  • All14
  • Local Info1
  • Home Buying9
  • Home Selling2
  • Market Conditions0

Activity 9
Ronnie Cruz, Home Buyer in Downingtown, PA
Mon Apr 27, 2015
Ronnie Cruz asked:
This property is in Willistown Township, PA (Malvern).

We put in a deposit to a house near Radnor Hunt. If it matters, this is a very desirable location.

Seller disclosure states…
0 votes 0 Answers Share Flag
pacommissio…, Real Estate Pro in Pittsburgh, PA
Tue Apr 7, 2015
pacommissionrebate answered:
My brokerage is structured around providing buyers with rebates and offers a 50% commission rebate to all buyer clients and we can represent clients in all of Pennsylvania. I am the broker and also the agent, so I have less people to pay and can save clients thousands at closing without compromising services. On a 6.0% commission with 3.0% paid to the buyer's agent, that means I would rebate 1.5% of the purchase price to the buyer at closing. More information is available on my website: www.PaCommissionRebate.com. ... more
0 votes 9 answers Share Flag
Gary Swank, Real Estate Pro in Pittsburgh, PA
Tue Mar 17, 2015
Gary Swank answered:
Interview 3 agents and ask about their experience in new construction buying, then choose the best one that fits what you are looking for.
0 votes 1 answer Share Flag
Alan Openshaw, Real Estate Pro in Southampton, PA
Wed Aug 14, 2013
Alan Openshaw answered:
Hello Jen,

I use a local credit repair specialist that does a nice job. I'd be happy to pass on his information.

Regards,
Alan Openshaw
Cornerstone Lending Inc
Southampton Pa 18966
215 953 0800
cell 267 992 7276
VOTED BEST IN BUCKS 2010 & 2012
NMLS ID 143960
... more
0 votes 2 answers Share Flag
R. Eric Axel…, Real Estate Pro in Sewell, NJ
Fri Jul 6, 2012
R. Eric Axelson answered:
Hi Dolphin, many investors use 85% of ask as their general rule of thumb. So you know a bank has approved $100,000, you could begin at $85,000. Expect the bank to counter. Yes, a cash deal is king.

Keep in mind this advice is only good if the bank has previously approved an offer. List price means nothing as you don't how accurately had been priced. I would have your agent pull comps and maybe offer 85% of median or average, whichever works in your favor.

Also keep in mind, short sales have already usually been deeply discounted. Although you might offer full price of the list price, the bank is still losing a lot of money. So don't be afraid of offering full price. It does not mean you are not getting a good deal. Go by the comps that show value in the neighborhood. The list price mean nothing unless the bank had already approved, then it is one benchmark.
... more
0 votes 1 answer Share Flag
Fran and Mark…, Real Estate Pro in Yardley, PA
Tue Feb 21, 2012
Fran and Mark Redding answered:
Hi

With all due respect to Tim, this is a PA contract. In PA the standard form contract is a "Time is of the Essence" contract. Dates are set and can not be changed unless agreed to in writing buy both buyer and seller. Going beyond the closing date is not normal here without a written extension. Contact your agent and get a signed extension NOW. You are out of contract.

Fran and Mark Redding
Prudential Fox Roach
1010 Stony Hill Road
215-504-7500
215-321-3307 DIRECT
www.FranandMark.com
... more
0 votes 2 answers Share Flag
Nick & Trudy…, Real Estate Pro in Devon, PA
Wed Feb 15, 2012
Nick & Trudy Vandekar answered:
In the market today, many banks are delaying sending out their documents to the closing company, this stops the title/closing company getting them out to you in a timely manner. There is nothing a buyers agent can do about that, it is your banks fault usually. Trying to get rid of your agent at this stage is counter productive, if they showed you the house, wrote the agreement of sale and handled negotiations they are most in a position to help you resolve issues. But remember there is only so much that an agent can do. It seems as if you have been handling the bank and title company on your own, not using a company referred by the buyer agent. Just because the agent gets paid out of sellers funds, does not mean you are not represented, unless you used the listing agent to do the paperwork. Remember, it is your payment that provides the funds for the purchase allowing the seller to pay the agents and his mortgage off. ... more
0 votes 5 answers Share Flag
Bela Vora, Real Estate Pro in Exton, PA
Wed Feb 15, 2012
Bela Vora answered:
Hello first time home buyer,

It seems you are close to settlement and panicking. Make sure if you hire an attorney - they practice real estate law. Sit down with a real estate professional you can trust and figure out next course of action. One cannot really assist you on a forum like this without knowing all the facts.

You have to ask yourself, is it the house you want? Are you getting it at a fair price? Is the HOA one time contribution keeping you from buying your dream home? All said and done - like someone already said - the attorney fees may be way higher than that HOA contribution.

Your contract is always with the Broker not the agent - so if you have any issues with your agent, talk to the manager/broker of that office and they will assign another agent, and take the time to help you through your situation.

As for the HOA docs - they have to be delivered to the BUYER (not the representative - sorry Fran and Mark, Nick is right) - so you may still have an opportunity to walk and recover your deposit.

Good Luck.
Bela Vora
... more
0 votes 7 answers Share Flag
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