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Home Buying in 20152 : Real Estate Advice

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  • Local Info2
  • Home Buying29
  • Home Selling8
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Activity 26
Fri Apr 17, 2009
Jennifer Young answered:
Short Sales are tough on both sides of the spectrum. I know from the listing agent side, my team recently negotiated a short sale within 30 days. We were able to this is because we used a professional negotiating company, which is basically a lawfirm that has the experience and the time to really push the banks to move. You might ask if the home you've submitted an offer for is being negotiated professionally or inhouse. Good Luck on a fast purchase from her on out! ... more
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Thu Feb 19, 2009
Tina Dubrule answered:
All is based on personal preference. I spend 7 years selling new homes, some buyers preferred any areaway over a walkout for security reasons. Some that planned to rent their basements liked having the areaway door for easier access for their tenants, so the tenants would have their own access to the basement. A walkout condition overall was the preferred choice.

When it comes to the trees or walking trail???? This is a matter of personal opinion and the community. With a walking trail behind, if you are in a high crime area, that could be viewed as a negative, in a golf course community, it could be a huge positive.
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Thu Feb 19, 2009
Tina Dubrule answered:
Call the builder and discuss your situation with them. Based on your circumstances, they may release you from this clause. Many builders provided those clauses in most cases to prevent owner's from flipping their home, (this was to reduce investor purchases, and the investors capitalizing on the builder's increase in the community values, and to cut down on the community sales competition).

You could consult an attorney's advice to see if renting is an option, all will depend on how your contract is worded, and that is where attorney's are the experts.

I have referenced RGS Title, you may be able to reach a real estate attorney through one of their offices.
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Thu Oct 16, 2008
Knick33 answered:
Thank you for all the helpful input. I did get an update from my agent last night and it appears that it is not the bank that is slowing the process down. The Seller is not providing a key document to the bank and now the bank's attorneys are involved. Both Agents are frustrated but feel positive about the situation. The fact that they moved the foreclosure date and the sellers have moved out of the property are good signs. I'm not sure what the document is for, but for now, I continue to wait.

Thanks,
Knick33
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Sat May 3, 2008
Frank answered:
I would check the comparables out who have been used and see which one makes more sense. "Check for close to proximity, size and the most current sales" If you are buying in a declining area then you should trust the lower appraisal.
The appraiser who "Hit the value" does not want to kill the deal and then he/she would not receive anymore appraisal orders from the lender. I personaly do not like lenders I prefer a bank.
The seller agent should not have anything to say since he/she works for the seller not for you. "He/she probably knows an appraiser who would push the value. The agent gets more commission if the house sells higher. If the lender would agree to this then maybe you should change the lender.
The appraiser strictly is working for the lender to make sure that the value is there.
The seller agent would have a conflict because if the appraiser is hired by the seller agent then that appraiser is working for the seller agent not for you nor the bank.
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Sat Mar 1, 2008
Julie answered:
I'm gonna go out on a limb an guess that this answer will vary by state. Check with your agent or attorney on the best way to proceed. Good Luck!
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