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Home Selling in 30349 : Real Estate Advice

  • All46
  • Local Info10
  • Home Buying17
  • Home Selling7
  • Market Conditions0

Activity 7
Mon Dec 11, 2017
Kathy Burgreen answered:
Before you closed on this home, were you given a time period for due diligence? Typically, before a buyer signs closing documents, there is a time period of a few weeks where the buyer can have inspections done, research the neighborhood, schools, commute to work, etc. During this period of time, the buyer can back out or cancel the transaction using one of the contingencies in the contract. Typically, once you close and the title or deed transfers into your name, anything that happens after that day is your responsibility.

As Solomon said, you can sell your home the day after you close. There is no wait period. However, in most cases it takes a period of about 3 - 5 years for a new owner to gain equity in their home. If you sell before the 3 year time frame, you will need to pay cash to sell your home. Buyers will see what you paid for your home and will offer less than what you paid.
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Tue Jul 23, 2013
De Vonte Williamson answered:
Hi Lorraine,

There are a number of factors that will determine whether or not the purchaser will be entitled to his/her earnest money. You should consult with your real estate attorney to review the purchase and sale agreement with you, to see if you have any legal recourse/remedies. Because I am not a real estate attorney, nor do I have additional information regarding the situation, I strongly suggest that you speak with your real estate attorney.

I hope this answered your question! If you have any further questions, please feel free to contact me by the ways below.

Wishing you all the best,

De Vonte Williamson , LSA
Proudly Serving Long Island
Coldwell Banker Residential
Top Relocation Associate- Setauket,
"I Stand Behind Getting You Results!"
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1 vote 4 answers Share Flag
Wed May 18, 2011
Rksin3 answered:
Please send me all the details about the property. I am an investor from Australia and we are looking for an investment opportunity in the US. We can do the settlement in 7 days. You can reach me in pelase send me your contact details as the earliest. ... more
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Wed Apr 6, 2011
NA answered:
The average for this area is about 90 days. But that doesn't mean much. It breaks down with the correctly priced homes selling far more quickly and the others lingering until they expire. If your home has been on the marker longer than 90 days you need to do something fast or you likely won't get it sold. ... more
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Tue Nov 17, 2009
Nikki answered:
Thanks fo listening. Great advice. I agree they "suck", I will never go through this process the same way again. I would also warn anyone out there to stay away from the Fannie Mae homes if you would like to avoid any hassle or surprises. but let's see. ... more
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Sun Nov 15, 2009
Joanie answered:
I meant to add, sorry you went through all of that.. Nobody deserves such treatment. The way these banks treat us is appalling.
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Sun Mar 15, 2009
Reed answered:
give me more info... who,what ,where,when,and more importantly HOW?
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