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Home Buying in 78230 : Real Estate Advice

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  • Home Buying14
  • Home Selling2
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Activity 14
Tue Sep 22, 2015
Tony Z - In The Field answered:
Hey Melissa,

Sorry for your loss, stay true to your heart, pray for peace and all will work out.

In Texas, if there was no Will and no living spouse, the house will have to go through Probate. You will need a Probate attorney to take you through the process, and each sibling will have equal claim/share to the property. During probate, you can buy out the siblings for their share, or sell the property and split the proceeds equally.

I have purchased property through probate, and can assist you in a quick cash sale if that's the path you choose. Each sibling will need to sign off on whatever you collectively decide.

Good luck, and God bless.

Tony Z
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0 votes 7 answers Share Flag
Sat Sep 19, 2015
Dan Tabit answered:
First, let's redefine terms. Fair Market Value is what a willing and able buyer offers that an non distressed seller agrees to AFTER the home has been on the broadest possible market. The agent buying the home may be offering you fair market value, or they may be helping themselves to a deal.
Regardless who writes up the sale, there are buyer paid closing costs and seller paid closing costs. If the agent is charging you for writing up the offer that they are purchasing, I find this disconcerting.
I would encourage two or more additional agents to provide market analysis for the home in it's present condition. This won't cost you anything and may prove your sister correct or wrong. The highest estimate and the lowest are probably not reliable, as some agents will over promise and others may not see the value the market may.
I doubt anyone can force the sale, but that's a legal question that should be put before an attorney.
My suspicion is that once you've received 3 or more market analysis from qualified agents (meaning productive ones who do business in the area and have a track record, you may find that even after paying commissions you'll come out ahead by putting it on the market and allowing the full public to see it and write offers. I could be wrong, and I'm not in your market, but Id suggest you at least consider it.
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0 votes 1 answer Share Flag
Wed Dec 11, 2013
Jose Angel Rodriguez, Jr answered:
If you have not found your Real Estate Agent...then don't hesitate to contact us.

Thank you and Happy Holidays!
0 votes 16 answers Share Flag
Wed Aug 7, 2013
Leah McNamara answered:
Here's a way better solution for foreclosure and short sale listings in San Antonio. It's FREE and updated from the MLS every 10 minutes, so it displays the most accurate data available!

http://ForeclosureSearchSA.com

Regards,

Leah McNamara AHWD BPOR CRS GRI
Licensed Real Estate Broker
Best Practices Realty
Call or Text: (210) 379-2799
email: Leah@BPR.co
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0 votes 12 answers Share Flag
Mon Jul 15, 2013
Andrea Gomez answered:
You can get a VA loan with a 600 middle score with some lending institutions. I would recommend finding a broker or service to help you locate a reputable lender that can approve your loan at a decent rate. I have client's who have got approved and received a good rate at The Lenders Network on FHA and VA loans with scores even under 600 ... more
2 votes 5 answers Share Flag
Wed Jul 10, 2013
Bob Leonard answered:
Very honestly, this is a question best posed to the real estate attorney you already have. In most states, real estate licensees and Realtors are precluded from practicing law. On the other hand, a good Realtor is worth their weight in gold when it comes to market valuations and advice relating to the actual buying process, contract, and financing information. ... more
0 votes 11 answers Share Flag
Wed Jul 10, 2013
Jason Campbell answered:
Your best bet is to contact a real estate attorney, or even just contact a title company and they will walk you through this process step by step. It's actually not nearly as complicated as it sounds like it would be..

I recommend Amanda Tidmore at First American Title. Going that route will probably save you a bunch of money.

Jason
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0 votes 6 answers Share Flag
Tue Jun 11, 2013
Christopher Pagli answered:
The seller may be more motivated then others or may want to position themselves as the best value.

Chris
0 votes 11 answers Share Flag
Tue Jun 11, 2013
Chuck Berry answered:
Bart,

Try my web site for current, accurate home search data:

Chuckberryrealtor.com


Chuck
Coldwell Banker, D'Ann Harper REALTORS
210-683-1157
cberry@cbharper.com
0 votes 6 answers Share Flag
Sun Jul 25, 2010
Anna M Brocco answered:
Does a will exist--how was the value of the home established--you may wish to consult with an attorney of your own, before moving forward--he/she will be your best source of advice.
0 votes 8 answers Share Flag
Sun Mar 14, 2010
Josh M. Boggs answered:
Yes, what a monster SS's can be!

I gave Cindi, Keith, Patricia and Danny a "thumbs up" because they are all on the right track in my opinion.

I've personally turned around a Wells Fargo SS from offer to acceptance letter within 3 weeks and a Chase SS from 65 days from offer to acceptance. There are soo many loose threads in such a chaotic system, that just by pulling one slight, will turn any possible success to certain doom!

For example, a certain negotiator in charge of almost 15 new SS files a day slapped on her desk alone decides that since the Realtor who wasn't very nice and polite over the phone turned in the SS packet in not the specified order; turns the file back to the bottom of her stack or on another pile that keeps it from getting reviewed. That can happen very easily and certainly does. I usually laugh when I hear some agents on the phone to the lenders demanding aggressively for that person to put their file on top priority. These people may get paid $18/ hour and could care less who I or any other Realtor is that only has one, maybe two files working with that lender... little alone that negotiator.

Look at Cyndi's time frame and she's right on the money as to what I "normally" see on a daily basis. Also, documentation for each and every single time you speak with ANYONE is crucial if you're going to have any shot at proving to ALL parties that things are being done timely and completely from your side.

Most Realtors will always believe they know more and don't have the time to be doing the 30 minute follow up on files you should do every day; and they may be right. That's why if anyone is going to take on a SS listing, they have better have a system in place and many support channels available to keep up with all the necessary communications and homework that these banks will need.

Additionally, I've turned down a handful of sellers upon our initial consultations. Not because I'm an speaking on behalf of the bank for an acceptance, but because I usually have seen what most banks are looking for and can decide whether i've got a seller that's truly in a hardship, or they simply are "claiming" a hardship. Big difference when you're dealing with a successful outcome.

Until there can be a large agreement upon policies, procedures and systems on how these SS should be handled, I believe that they're still going to be such a tough transaction to tackle if you're not ready to be patient, learning based and have a slight enjoyment for pain! ;)
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0 votes 11 answers Share Flag
Thu Sep 17, 2009
Danny T Thompson answered:
Kevin -

I know an attorney who is very fair, and very thorough... It is likely that you will have to have a contract written that states that you are buying the home from the estate, especially if you need to finance. If you have cash, it is possible that you can have your sibilings sign Quitclaims, and that may take care of it. But, to protect your interests, especially if a dispute arises later, you are far better off working with an attorney to absolutely sure everything is done correctly. I have seen a few situations where heirs protested the quitclaims and things got messy...

Good luick!

DannyT@kw.com
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1 vote 4 answers Share Flag
Fri Jan 30, 2009
Toni Angelo answered:
As long as you have an exit strategy. This could be a worth while endeavor. Meeting with your financial consultant is highly advised. There is great potential for instant equity . I highly advise you to consult a local realtor that specializes in Short Sales and Foreclosures. This will assure you of the most educated advice. ... more
0 votes 10 answers Share Flag
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