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Home Buying in 78260 : Real Estate Advice

  • All22
  • Local Info4
  • Home Buying8
  • Home Selling2
  • Market Conditions0

Activity 8
Tue Sep 27, 2016
Susie Kay answered:
You'd want to call your agent and make sure the cancellation is in writing. There's a form called Termination of Buyers Representation Agreement that your agent/broker can use.
0 votes 1 answer Share Flag
Sat Apr 30, 2016
June Buerkle answered:
Buyer beware!

Also know what you are signing and negotiate your terms .... don't just take the standard form.

Agents will require you sign a contract ... and 7 months isn�39;t out of the ordinary, I saw one nut that tried to convince me that it should be a 24 month period.

A lawyer is worth a shot, but will probably tell you that you signed it and it is customary and reasonable.

How long until your 7 months is up?

Next time makevsure to amend the clause so that if you find something to buy inbuilt own, you maybe may not out to use thatvagent as your buyer's agent.
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Fri Apr 29, 2016
Mapfister98 answered:
My realtor never explained to me that we needed to sign a contract. After she failed to close on two homes with aggressive offers, we decided to step out the market and informed her about our decision to take a break from the market. We found an unlisted house under construction. The next day, our realtor contacted us demanding that we owed her a commission on the house we found even though we have no contract on the home. The female agent was extremely upset and in a moment of weakness she mentioned the word contract. At that point in time, I realized that we may have signed something without discussing any contract before looking at homes with us. After carefully reviewing twenty plus E-sign documents, we discovered that she slipped in a seven month (2 page) document where we are obligated to pay a 3% commission on any lease, sale purchase including all properties listed, unlisted, sale by owner, in the Houston or surrounding Houston area. Can some one tell me what my legal rights are? Am I legally bound to this contract?, me and my family feel that we can no longer compete in the Houston real state market because of a contract that was deliberately and deceitfully hidden in a E-signed document buried within a 36 page contract. Not once did our agent discuss with us that we were agreeing to used her and her firm exclusively for seven months nor did we agree to pay her any percentage commission fees. Please somebody help me what to do in this case??? ... more
0 votes 15 answers Share Flag
Thu Mar 31, 2016
Mr. Data, Starfleet Command answered:
More accurately, 'Pending' means home has a signed contract but has not yet closed. Waiting on inspection,negotiating issues brought up by inspector, title insurance, and in (rare) cases, buyer waiting for mortgage approval. So home is likely to sell to another buyer, but contingencies may exist. If you're interested, you can discuss with selling agent and perhaps get in line to make offer in case first buyer falls through. Can't get house simply by outbidding existing buyer. The purchase agreement must fall through for a legal reason stated on contract (or buyer surrenders earnest/deposit money). ... more
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Wed Dec 2, 2015
Raymond Whitby answered:
That's completely dependent on the rents and how much you are going to spend. Advice from a CPA or very qualified agent/broker that specializes in investment properties can easily show you numbers that would make sense both ways... That's one of the great things about Real Estate, it's versatile, and you can make 500.00 bucks a month a lot of different ways. Risks are minimized with accurate property and rent history to look at and compare. Professionals will help get you where you want to go. ... more
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Wed Dec 10, 2014
Travis Reed answered:
If the buyer has not signed a representation agreement they can choose not to work with that agent without the recourse of having to owe a commission fee to that agent. As a real estate broker/agent I rarely make my buyers sign a representation agreement as I want to prove to them that I will work hard to represent them and guild them in the purchase of their home. As an agent I would make sure that you let that agent know that you are not wanting to work with them anymore and explain to them why as a common business courtesy. ... more
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Wed Jan 8, 2014
Florencio Villalpando answered:
Should you not qualify through traditional financing, we can help you with creative financing. This is our specialty and you would only need 10-15% down. Let me know if you need anything else or have further questions.
Thank you,

Florencio Villalpando
Keller Williams Heritage
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0 votes 19 answers Share Flag
Mon Jan 6, 2014
Vino Alonzo answered:
VA still allows you to use your VA eligibility to purchase a newly constructed home.

A construction loan is an entirely different animal.

I would be happy to help you with this. We have some of the lowest rates and fastest turn times for closing.

I look forward to hearing from you.

Feel free to research my recommendations on this site.

Vino Alonzo, Loan Officer
NMLS# 184279
First Cal Mortgage
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0 votes 23 answers Share Flag
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