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11967 : Real Estate Advice

  • All12
  • Local Info1
  • Home Buying3
  • Home Selling1
  • Market Conditions1

Activity 7
Sat Mar 4, 2017
Scott Godzyk answered:
Verbal offers are worthless. For an offer to become a contract it has to be in writing, signed by all parties and accompanied with a deposit. You may want to contact the listing agent or their manager direct with questions. As far as the listing showing as active on many sites. If they use a MLS feed, it can take anywhere from a couple of days to weeks to update. Most MLS though require updates in 48 hours, but that differs state to state ... more
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Tue Jul 12, 2016
Jvernice asked:
How can I find out how my home is doing?
0 votes 0 Answers Share Flag
Sat May 16, 2015
Anna M Brocco answered:
If you are a for sale by owner the post is not allowed; if and when you do list with a broker, ask your agent to post the listing, or consider any flat fee realty company that feeds into the site.... ... more
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Sat Jun 16, 2012
Audrey Brandt answered:
Fri Feb 20, 2009
Irene Renna answered:
I'm sorry to hear of your disappointment with your current agent. Did you sign a Buyer Brokerage agreement or only a NY agency disclosure? First you must see if you are "bound" to this agent or not. If not then there are over 2700 agents out there. Hard working ones are easy to find. Do read the papers you have. If you are bound what are the terms and have you spoken with the broker? I'm sure they would be happy to help you select another agent in their office or you may request a release.
I wish you the best of luck in your home search.
Irene M. Renna
4964 Expressway dr S
Ronkonkoma, NY 11779
631 467 0009 office
631 467 0029 fax
631 291 2180 cell
Irene.Renna@Century21.com
... more
0 votes 10 answers Share Flag
Sun Jan 25, 2009
Angela Leung answered:
Hi Jenn,

For FHA loan, lenders don't care that much about credit and yours and your husband's credit are good enough for FHA loan.

Borrowers usually pay points to buy down the rate. It doesn't mean pay 1 point (1%) to lower 1%, might just lower 0.5% or less.

I know that some mortgage officers want borrowers to pay a deposit before they lock rates for clients; because they don't want borrowers shop around and back off after they lock the rate.

If you finance 3% closing costs, which would be $8,700. If your closing costs is less than that, you cannot get the money. Sometimes mortgage broker charge you 1% to increase your closing costs in order to use all your 3%. Then they credit you back the money as a refund.

Hope this answer your questions but this is not a norm. I don't know why your banker handles in this way. Don't be afraid to ask questions if you don't understand. They should explain to you and make it clear to you.

Good luck with your closing and congratulations!

Angela Leung
Real Estate Investment Consultant
... more
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