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Home Buying in River Rouge : Real Estate Advice

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  • Home Buying4
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Activity 4
Tue Feb 26, 2013
Robert Visingardi answered:
Go to the county register of deeds office. Online data can be old data, and it may cost you $$$ as well. Some counties take weeks before they are issued a liber and page number.
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Mon Apr 11, 2011
Don Tepper answered:
First, talk to the agent's broker. Explain the situation. Maybe the broker can suggest something.

Second, if (in the role of a buyer) an agent ever told me "there are no other fees at closing," I'd respond: "That's great. Let's put that in writing. Such as: 'Agent states that buyer shall pay no fees at closing. Any fees due shall be paid by agent.'"

Third, why DID the agent tell you to offer substantially more than the listing price? I expect it's because he suggested that the listing price was artificially low in order to generate offers. And maybe that's correct. But in your example, there was a big spread between the listing price and what you had/what you offered. Unless it was an absolute steal at the higher number, I'd probably have held something back--either for unexpected costs (such as you ran into) or in case the bank came back demanding a "best and final" offer.

Good luck.
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Mon Apr 11, 2011
Bill Eckler answered:
Great to hear positive feedback and know efforts are appreciated.

Bill
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Sun Apr 10, 2011
Maureen Francis & Dmitry Koublitsky answered:
Cutep,

Sorry you are in a bad situation.

I imagine that it says in your purchase agreement that taxes will be prorated as of the date of close. The bank IS paying the back taxes. You are to pay the portion of the taxes only for the period that you will own the home. Since taxes are paid in advance in Michigan, the buyer almost always has some tax money to pay at close. It sounds like this might not have been explained clearly to you.

The only other closing costs I can think of might be recording fees (like $20) and possibly a closing fee from the title company. If that fee is high, see if you can negotiate it down.

Is your agent also the listing agent or do you have your own buyer's agent?
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