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63366 : Real Estate Advice

  • All17
  • Local Info1
  • Home Buying9
  • Home Selling1
  • Market Conditions0

Activity 14
Tue Jan 19, 2016
Monmarinc asked:
Thu Oct 15, 2015
Amelia Robinette answered:
Your options should be spelled out in your contract. In general, a buyer has three choices when the appraisal comes in under contract price:

1. walk away
2. re-negotiate the sale price to match the appraisal value
3. bring the cash difference between appraised value and contract price to closing - this is in addition to your down payment and estimated closing costs

Hopefully you're represented by an agent who can guide you through the contract details, if not, then you may want to have an attorney review your contract and advise you of your choices and obligations.

There is usually a time limit on these choices, so don't delay.
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Sun Mar 1, 2015
Suzanne MacDowell answered:
I am going to assume you are new to Trulia and not completely familiar with the rules. This forum, the Q&A forum, is for consumers to ask questions of professionals, or for professionals to ask advice from other professionals. It is NOT for self-promotion. In fact, if the administrators see your question, they will pull it down. I would recommend you remove the question. ... more
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Wed Apr 23, 2014
Deborah Sciarrino answered:
The bank won't see the appraisal... you are negotiating the appraisal privately, the bank won't even know that it has happened.

From what I have seen in the past, they won't call in a HELOC all at once, if the bank has concerns, they can suddenly reduce the line, (portion that you haven't used) but I don't believe that they will call the used portion back.

Just my experience and I am not an expert.
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Sun Feb 9, 2014
Sheila Worley answered:
Mon Dec 30, 2013
Demetria Veal Williams answered:
Hi. 1. The home on Wilmer Rd is bank owned and still Active. It is not eligible for FHA financing (cash/conventional only). Are you an investor or an owner occupant buyer? I'm very experienced with purchasing bank owned properties for your principal residence and for investment (I have several rental properties in St. Charles County). There are no interior pics of the home on Wilmer and is being sold in AS IS condition.

2. The home at 258 Josephville is also still available and it does include the Ranch home (3 bed 2 bath). It is listed at $209,900 but on the MLS it shows the square footage as 1650, so I'm not sure where you're seeing 3000. It could be an error.

If you email me, we can discuss further and set up a time to view it. My email address is You can also view my website at for more info about Buying Homes and Real Estate Investing. Thank you!
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Sun Dec 22, 2013
Deborah Sciarrino answered:
I agree with Dale,

Choose a real estate agent... there will be no cost to you... and start getting the most up-to-date property information via email that meets your needs. It is current information, private, and the agent can stay in the background until you are ready to go look. It's the best way to get a feel for the costs and availability of homes in any area.

I am a real estate agent and could get you started, but any agent or broker you are comfortable with can do the same.
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Fri Dec 21, 2012
Doug Howell answered:
Yes, there are homes available for lease purchase or lease option in the O'Fallon area. Contact me for a current list
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Sat Aug 25, 2012
Looktologan answered:

I work with dozens of renters each year. I am very experienced in the rental market and can make your transition very easy! Please give me a call at 636 328 2830.
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Wed May 23, 2012
Beverly Howe answered:
Oh, be careful with negotiating with builders. When you cut corners with a builder, he's likely to cut corners on you! Negotiating with builders is not the same as negotiating on a resale home. You are cutting into the builders profit margin and he has concerns about the house he builds for you appraising for the next buyer who wants a similar house.

Builder's also have a real estate agent commission built into the price of their homes and won't sell to the consumer public for less, just because you decide not to use an agent, because they depend upon agents to bring them customers. They also pay buyers agents to help buyers, same thing, but agent working on your side.

See the 21 Critical Mistakes Buyers Make on my homepage for more information at

The Most Important thing a buyer can do is first of all work with a buyer broker." As stated by AARP and The Consumer Federation of America, per REALTOR NEWS.

Beverly Howe, ABR, GRI, TRC Informative homepage:
Owner – Broker At Your Service
Email: Florida Buyer Broker
Local Direct: 239-601-2013
US and Canada Toll Free: 1-800-283-7393
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Wed May 2, 2012
Rebecca Moran answered:
You can find that info at I live in the O'Fallon area and we sell a lot of homes in St. Charles County. If you would like me to email listings to you just email me at I am the owner/broker of Elite Realty, I have 12+ years of experience and would be happy to help you. ... more
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Mon Aug 15, 2011
Scott Godzyk answered:
Debbie no matter what or where you rent you are protected under the landlord tenant laws for your state. Cathy saved me teh tome of posting the link, you can easily review the law to assist you in what the problem is, whether you are being evicted, rent rased without notice etc...good luck working things out ... more
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Wed Mar 30, 2011
Greg Evans answered:
As stated before, it is a $10,000 bonus incentive by one of the companies here in the St. Louis Metro area. The sellers pay $250.00 to have their home included, selling agents of ";10g" homes have their names put into a drawing with 39 other agents (40 total), to have a chance at winning the $10,000 bonus. The bonus potential has to be disclosed to buyers and sellers. Personally, as a professional, ANY kind of selling bonus on a home makes NO difference to me, in terms of showing or promoting the home to my clients or customers. My job is to find the buyers their ideal home, NOT to steer them toward a listing where I might win a big bonus. I would rather the sellers do something like drop the price (even by $250.00), in order to benefit my clients! ... more
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Sun Dec 13, 2009
Dale Weir answered:
If you go to my website at, then click on the search for homes button, you will find a link to the website that lists the HUD homes and many other foreclosures as well. Please note that even though you can search for HUD homes by yourself, the government requires that you use a trained Realtor who is on their approved list when you purchase a HUD home, since they want to ensure that you have someone guiding you through the process who can protect your interests and provide you with the guidance that you need in buying a home. Please let me know if you have any questions about the process. It is totally different than buying a home on the regular resale market. (I am on the HUD approved list). ... more
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