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Austin : Real Estate Advice

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  • Local Info182
  • Home Buying768
  • Home Selling117
  • Market Conditions60

Activity 2,272
Fri May 19, 2017
James Farias answered:
Stumbled upon this thread and I find it disconcerting that the agents answering the question seem to know less about the TREC 1-4 contract, and Third Party Financing Addendum. While it is an old thread, there are likely many people still reading the question and the answers and being misinformed.

The number of days in the Third Party Financing Addendum applies to *buyer* approval only - *not property* approval. Property approval is not subject to that time frame, as that is at the discretion of the lender, who is not a party to the contract.

That being said, just because a house did not appraise at contract price, does not mean the buyer can just terminate the contract. The person asking the question is more correct here than the agents giving advice.

From TAR:

"Maybe. A low appraisal doesn't always give a buyer an automatic right to terminate the contract. It depends on whether the lender approves financing for the amount written into Paragraph 4A. If the lender doesn't approve the loan because of the appraisal, the buyer can terminate at any time before closing and receive his earnest money back.

However, the lender may still approve the loan despite the low appraisal. This could happen if the buyer is making a large downpayment. If the lender still approves the loan, the buyer may not use a low appraisal as a reason to terminate under Paragraph 4A. "
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Thu May 18, 2017
Kathy Burgreen answered:
If you are foreigners on a visa, you will need to have a higher down payment - about 20 - 30% + cash to pay closing costs.
0 votes 1 answer Share Flag
Mon May 15, 2017
Susie Kay answered:
I agree with Vivianne below. I would suggest that you go to your county office and try to work with them.
0 votes 2 answers Share Flag
Thu May 11, 2017
M. Herb answered:
Help I need an apartment or small house for myself and my 17 lb dog asap. Like, I need to move in today type of asap. My credit is a train wreck and I have a foreclosure. BUt I have impeccable renter's history and have been at the same job for over 17 years....that's gotta go for something. I know that there are people and or apartments willing to overlook the bad credit stuff. If anyone knows of them, please get back to me. I gotta find a place to live today! Thanks! ... more
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Wed May 10, 2017
Len G answered:
Sat May 6, 2017
Susie Kay answered:
Have you signed the contract? If not, then walk away. In the future, I would suggest that you hire a local realtor to assist you.
0 votes 1 answer Share Flag
Thu May 4, 2017
vivianne dordea answered:
As a Realtor and an investor myself, I would be happy to help you find the right property in a location where you most likely will always have renters. I have a condo in Avery Ranch that has been rented without interruption since 2010. Leander and Cedar Park are also great places since I see that rents have continually increased. However, you have to make sure that the rent will cover your mortgage, property tax, insurance, HOA fees and also keep in mind that rental income is taxable.

Contact me if you'd like me to assist with your investment purchase.

Vivianne Dordea, Realtor
Sierra Homes Realty
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Mon May 1, 2017
Donald D. Hensel answered:
North Coast Financial is able to provide hard money 2nds in California up to a combined LTV of 65%. Owner occupied can be considered as well but income verification and qualification are necessary as required by current federal regulations.
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Mon May 1, 2017
Christinarogers2be answered:
Mon Apr 24, 2017
Mrscaudill80 asked:
Hi - I just checked out 8909 Colberg Dr in Austin TX and used the commute time map but the results were off a lot. It's only about 22 minutes from 3821 Juniper Trace, 78738, but it…
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Sat Apr 22, 2017
Susie Kay answered:
I would suggest that you pick up the phone and work with a local realtor.
If you decide to relocate the Dallas then I'd be happy to assist.
0 votes 1 answer Share Flag
Tue Apr 18, 2017
Bryce asked:
I posted my room today and it does not show up under a general search. Do you know why this is happening?
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Sun Apr 16, 2017
Susie Kay answered:
If you are looking to purchase a home there, any local agent can assist you.
0 votes 1 answer Share Flag
Fri Apr 14, 2017
Susie Kay answered:

No one can tell you whether you need to purchase or keep on renting. However, having said that, given the above scenario have you ever considered that the price of the home keeps on going up? ... more
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Fri Apr 7, 2017
Deannawalker50 answered:
Realtor is not the best choice. Nowadays, rental services really improved and you can find an appropriate apartment without a realtor, moreover, all process will be executed online. Try this one:
A friend of mine John used it and successfully and found pet-friendly landlord without any problem and additional fees for the realtor.
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Tue Apr 4, 2017
Jessica H answered:
Check out they do background checks and nannies create their own profiles listing their credentials with reviews etc.
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Sat Apr 1, 2017
Susie Kay answered:

I would suggest that you work with a local realtor to assist you on this matter. In general their product is entry level; however, having said that, every subdivision is different and that's why you need to work with a local realtor.

I hope this makes sense! If you are in Dallas then I'd be happy to assist.
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Wed Mar 29, 2017
Kelly Hande-santacroce answered:
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