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Home Selling in 60174 : Real Estate Advice

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  • Local Info4
  • Home Buying6
  • Home Selling6
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Activity 6
Mon Aug 3, 2015
Noah Seidenberg answered:
Only a licensed Professional Realtor can enter a listing on Trulia . Consumers can browse property freely on Trulia but talk to your Realtor.
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Mon Aug 3, 2015
Noah Seidenberg answered:
Sun Apr 20, 2014
Dan Tabit answered:
David,
Are you an agent or the home owner? Only licensed agents can input pictures and information here on their listings. Trulia does not accept for sale by owner listings.
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Thu Aug 27, 2009
Vince Coniglione answered:
Hello Joe,

A "subject to" sale is one of many creative ways of structuring a home sale. You need to understand all aspects of the deal before you proceed and it depends on your situation as to whether or not it makes sense for you. You should have your attorney review any contract to make sure it is equitable.

If you are willing to consider a "subject to" sale, have you considered a rent-to-own sale? I think this will provide you more control over your property, is probably a more common scenario, and provides the same end result (the sale of your property). But you have to be willing to be a landlord or have a qualified management company handle the property for you. Again, I recommend you have your attorney review any rent-to-own contract to make sure you have all of the bases covered.

"Subject to" and rent-to-own scenarios are becoming more common in today's market because buyers are finding it more difficult to qualify for financing. Lenders have increased the requirements for loans and some buyers have dings on their credit that prevent them from qualifying. With "subject to" and rent-to-own purchase scenarios, the buyer does not have to qualify immediately for financing and has time to repair their credit prior to having to qualify for a loan. When you find a motivated buyer, these type of sales lead to a win-win deal for all involved.

Have a great day! Vince
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Thu Jan 8, 2009
Betty Stroll answered:
whats iggy's? never heard of this site..
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Tue Feb 26, 2008
Jp Hayes answered:
The buyer did a final walk through, we closed, they withheld $1000 as security against a patio dor repair. It was repaired by five business days after closing,when the buyer had posession. I obtained the signed repair receipt, and submitted to both his attorney and ours. When I posted, the buyer was still refusing to release the money, griping about something that was never legally listed as a condition at closing. I have to assume his family either caused it or they just made it up. His inspector had found a tiny leak in the expeller pump outflow line pre-closing. He sent a diagram to my attorney identifying the nature and scope fo the problem. I gave that info to a plumbing technician. I paid to have it repaired, and gave the receipt to the buyer. Two weeks after the patio door was repaired, the buyer accosted me with an alleged plumbing problem- leakage on the same PVC pipe, but farther along the same outflow line! This was never detected by the inspector nor the technician, who did before and after checks on the line he repaired.

I told the buyer he should call the warranty company, since he and his attorney required us to buy a warranty to cover such mishaps, since this was not recorded at closing, and we no longer had posession and ownership of the property. He seemed to accept that suggestion.

More than one month later, per conversations with my attorney who communicated with the buyer's attorney, he reputedly was using that as a excuse to avoid releasing our escrowed $1000, though it legally had no relation. He was not responding to calls from his attorney. His attorney was holding our money in escrow, and refusing to release it without his client's signature...we found just where to initiate a valid complaint about the attorney's refusal to discpiline and fully inform his client regarding why this position was sheer folly-- he had no case, no justification, and would only lose on the face of the facts, we'd get our money, the client would have to pay the full bill for arbitration. Better believe that motivated the attorney to get on the Batphone and reach this buyer and get his full attention. Supposedly, now, the check is in the mail. Yes, we worked with a realtor, she walked through with the buyer and his agent before the inspection as well as the morning just before the closing. I was in the house when the buyer's inspector did his job. He seemed reasonable and thorough, at least as thorough as I would be-- and I am a trained observer and inspector, and have years of experience in residential contracting myself.
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