Zillow Advice RSS: Question-Discussion-Guide,All Real Estate Advice Topics http://www.zillow.com/advice/ Zillow Advice search results | Zillow Real Estate Can my mother from another town be my realtor? http://www.zillow.com/advice-thread/Can-my-mother-from-another-town-be-my-realtor/589563/ My mother is a real estate agent in Dallas, TX and I am looking to buy a house in Houston. Can she represent me as the buyer's agent?<br \><br \>10 replies Tue, 02 Jun 2015 22:19:00 GMT http://www.zillow.com/advice-thread/Can-my-mother-from-another-town-be-my-realtor/589563/ 2015-06-02T22:19:00Z Did the seller?s agent violate her ethical obligations? http://www.zillow.com/advice-thread/Did-the-seller-s-agent-violate-her-ethical-obligations/589593/ <br/><br/><p class="MsoNormal">We submitted an offer on a property last week. The seller's realtor orally told my agent that since the seller has received another offer from a buyer willing to pay full price, they would like to give us an opportunity to &lsquo;revise' our offer since we were the first to make an offer on the house. We revised our offer by offering to buy for a full price by removing our initial request for a $5000 in closing assistance. We asked if we can close in 45 days instead of the standard 30 days. The seller agent said that should be fine. So we thought we would have a ratified contract the next day. We waited and nothing happened. Finally my realtor contacted the seller's agent and the seller's agent sent a quick email stating "I apologize but after much agony my client has decided she needs to work with the other offer.&nbsp;She really needed an earlier closing date".&nbsp;Now, we have never been contacted if we can &lsquo;revise' our closing date. If we had been asked to revise our closing date, we would also have done so.</p><br \><br \>2 replies Wed, 03 Jun 2015 04:21:00 GMT http://www.zillow.com/advice-thread/Did-the-seller-s-agent-violate-her-ethical-obligations/589593/ 2015-06-03T04:21:00Z Wells Fargo Short Sale - Advice for the buyer http://www.zillow.com/advice-thread/Wells-Fargo-Short-Sale-Advice-for-the-buyer/493988/ I am a buyer and I have had a wells fargo short sale under contract for about 6 weeks.&nbsp; 2 weeks ago, the seller's agent received a request to complete the short sale affadavit which we completed and returned quickly.&nbsp; Does anyone on here know what this request could mean about where I am in the process?&nbsp; The mortgage on the property is Not a portfolio loan.&nbsp; Any advice our guidance is appreciated.<br \><br \>7 replies Sun, 26 May 2013 23:22:00 GMT http://www.zillow.com/advice-thread/Wells-Fargo-Short-Sale-Advice-for-the-buyer/493988/ 2013-05-26T23:22:00Z REFINANCE CASH OUT http://www.zillow.com/advice-thread/REFINANCE-CASH-OUT/589561/ <p>can I refinance cash out &nbsp;with only&nbsp;bank statement and credit report? &nbsp;property estimated value $315000 with only $63000 remaining original mortgage</p><br \><br \>2 replies Tue, 02 Jun 2015 22:09:00 GMT http://www.zillow.com/advice-thread/REFINANCE-CASH-OUT/589561/ 2015-06-02T22:09:00Z Is owner allowed to advertise "open house " hold in his/her house by brokers? http://www.zillow.com/advice-thread/Is-owner-allowed-to-advertise-open-house-hold-in-his-her-house-by-brokers/589592/ 2 replies Wed, 03 Jun 2015 04:14:00 GMT http://www.zillow.com/advice-thread/Is-owner-allowed-to-advertise-open-house-hold-in-his-her-house-by-brokers/589592/ 2015-06-03T04:14:00Z Can seller request a 60 day escrow in Hawaii? http://www.zillow.com/advice-thread/Can-seller-request-a-60-day-escrow-in-Hawaii/585204/ <div style="text-align: left;"><strong>C</strong><em>an a seller request a 60 day escrow in Hawaii?<br/><br/></em></div><br \><br \>2 replies Sat, 02 May 2015 02:26:00 GMT http://www.zillow.com/advice-thread/Can-seller-request-a-60-day-escrow-in-Hawaii/585204/ 2015-05-02T02:26:00Z Can I consolidate primary mortage and HELOC http://www.zillow.com/advice-thread/Can-I-consolidate-primary-mortage-and-HELOC/589582/ <p>I bought a home last year for 595 K. I paid 10% down. It is a new home and we went with financing by builder. We got 2 loans one traditional 15 year loan with 3.4% apr and second loan is HELOC 120 K with 5.2% apr. Currently I owe 397 K on primary loan and 117 K on HELOC.</p><p>I am wondering if any way I can consolidate the 2 loans in one and get lower APR.</p><p>Any advice will be appreciated.</p><br/><br/><br \><br \>2 replies Wed, 03 Jun 2015 01:27:00 GMT http://www.zillow.com/advice-thread/Can-I-consolidate-primary-mortage-and-HELOC/589582/ 2015-06-03T01:27:00Z Last Minute PMI after GFE signed http://www.zillow.com/advice-thread/Last-Minute-PMI-after-GFE-signed/589533/ I compared lenders for my first mortgage early last month. &nbsp;I was told by my lender now, 'X', I would qualify for a program that wouldn't charge me PMI. &nbsp;I told the competitors I went with X because they gave me the best deal, even when the competitors said they would match. &nbsp;<br/><br/>I sign the GFE/pay appraisal/etc. &nbsp;Less than 2 weeks before I close, they call and say they have to change my loan type. &nbsp;They stated they made an error and now I would have to pay PMI. &nbsp;Increase my monthly payment ~15%.<br/><br/>Can they do this? &nbsp;It seems like a bait and switch. &nbsp;They are a well known bank (don't want to throw out names just yet). &nbsp;I would think they would have to honor their mistake. &nbsp;At this point I either pay the PMI or lose the house (schedule to close in less than a week).&nbsp;<br/><br/>I will speak with their manager. &nbsp;Is the any advise you, as lenders, would give me that would make you honor your mistake?<br \><br \>7 replies Tue, 02 Jun 2015 19:36:00 GMT http://www.zillow.com/advice-thread/Last-Minute-PMI-after-GFE-signed/589533/ 2015-06-02T19:36:00Z are there first time home buyer grants for the down payment http://www.zillow.com/advice-thread/are-there-first-time-home-buyer-grants-for-the-down-payment/589576/ 6 replies Wed, 03 Jun 2015 00:39:00 GMT http://www.zillow.com/advice-thread/are-there-first-time-home-buyer-grants-for-the-down-payment/589576/ 2015-06-03T00:39:00Z Can I get a VA loan with less than a 620 credit score? http://www.zillow.com/advice-thread/Can-I-get-a-VA-loan-with-less-than-a-620-credit-score/523765/ I am a disabled veteran that has bad credit from the past. &nbsp;I have tried to get my credit score up and try other options to get a VA loan with no help or denied every which way. &nbsp;Are there any Lenders in Las Vegas that can help or anyone for that matter!!! &nbsp;Any help would be greatly appreciated.&nbsp;<br \><br \>14 replies Wed, 08 Jan 2014 18:53:00 GMT http://www.zillow.com/advice-thread/Can-I-get-a-VA-loan-with-less-than-a-620-credit-score/523765/ 2014-01-08T18:53:00Z Guidance in Choosing Real Estate Broker in San Diego http://www.zillow.com/advice-thread/Guidance-in-Choosing-Real-Estate-Broker-in-San-Diego/589591/ I am looking for guidance in choosing a real estate broker in San Diego for a some one who is new to real estate. I would also love to hear from folks about their experiences in how they selected their brokerage, got leads, lessons learned etc... I also would like to do property management with the same broker so would like to hear from folks who offer both services.<br/><br/>Thanks<br/>Jay<br \><br \>0 replies Wed, 03 Jun 2015 04:02:00 GMT http://www.zillow.com/advice-thread/Guidance-in-Choosing-Real-Estate-Broker-in-San-Diego/589591/ 2015-06-03T04:02:00Z What are the mortgage options if you want to buy a new house before selling your old? http://www.zillow.com/advice-thread/What-are-the-mortgage-options-if-you-want-to-buy-a-new-house-before-selling-your-old/589544/ We are needing to purchase a larger house so that my parents can move in with us.&nbsp; Our preference would be to purchase a new house and then put our current house on the market.&nbsp; My parents (aka me) are working on getting their property up for sale and I would prefer to not handle all three transactions.&nbsp; I am not certain is we can qualifiy for two mortgages.&nbsp; Are there any other options out there?<br \><br \>4 replies Tue, 02 Jun 2015 20:42:00 GMT http://www.zillow.com/advice-thread/What-are-the-mortgage-options-if-you-want-to-buy-a-new-house-before-selling-your-old/589544/ 2015-06-02T20:42:00Z Mortgage application with foreign spouse with no US credit history http://www.zillow.com/advice-thread/Mortgage-application-with-foreign-spouse-with-no-US-credit-history/589488/ Hi,<br/><br/>I'm American with a good credit score (750+) and I have a spouse who is from the UK (US permanent resident).&nbsp; We are now living in the US, but this is my spouse's first time and so has little credit history (1 very recent CC on her SS#).&nbsp; <br/><br/>We have a high combined income ($350K) where each of us earns about the same.&nbsp; We would like to buy a house in the 800 - 1M range.&nbsp; <br/><br/>Would it be possible to get a mortgage?&nbsp; If so, what types of down payment would be expected in this situation, and how much worse should we expect our rates to be?<br/><br/>Thanks<br \><br \>5 replies Tue, 02 Jun 2015 14:53:00 GMT http://www.zillow.com/advice-thread/Mortgage-application-with-foreign-spouse-with-no-US-credit-history/589488/ 2015-06-02T14:53:00Z Underwriter is saying no now http://www.zillow.com/advice-thread/Underwriter-is-saying-no-now/589555/ My husband and I were preapproved for a $175k loan. We have around 620 middle scores, and are 2 1/2 years out of bankruptcy. Everything has been paid on time, and our credit reflects that. We also will have a VA loan. We found a house, put in an offer, and we are under contract. Up until now our loan officer said everything looked great. We were going to have to close 3 credit cards at closing (two with a zero balance, one with a $150 balance). Here is our issue. I'm self employed, but have had steady income for 10 years. My husband has always consistently worked, but he has changed jobs, always making more money. He worked from 2008 until August of 2014 at one company. He switched, and worked with another company until April of 2015, and went to a new company. He's making on average $200 more a week and we have insurance now, something he was promised when he switched in August, but never received. Anyway, the underwriter is now saying no because he needs two years at the same pay structure. He's in the same job, doing the same thinf. But we are being punished because he switched jobs to make more money and carry insurance on us. We've already had an inspection done, as well as our VA appraisal. Is there anything we can do? I'm so sick about all of this.<br \><br \>11 replies Tue, 02 Jun 2015 21:37:00 GMT http://www.zillow.com/advice-thread/Underwriter-is-saying-no-now/589555/ 2015-06-02T21:37:00Z Can I use part of my student loan for closing costs? http://www.zillow.com/advice-thread/Can-I-use-part-of-my-student-loan-for-closing-costs/589536/ <p class="MsoNormal">I received $6,700 in financial aid for the Summer 2015. $2,200 went toward tuition costs and the remaining $4,500 was direct deposited into my bank account by my school. I want to use the $4,500 financial aid disbursement toward closing costs for a new home. I know that financial aid can be use to cover housing expenses, but I am not sure if this qualifies. My loan officer is unsure and is waiting to find out from the underwriter if I can use the $4,500 or not. I applied for an FHA loan.</p><p class="MsoNormal">&nbsp;Can I use the $4,500 student loan disbursement toward closing costs?</p><br \><br \>11 replies Tue, 02 Jun 2015 19:58:00 GMT http://www.zillow.com/advice-thread/Can-I-use-part-of-my-student-loan-for-closing-costs/589536/ 2015-06-02T19:58:00Z Should I sell my home and walk away with $100K or rent it out and net $1,000 mth cash flow? http://www.zillow.com/advice-thread/Should-I-sell-my-home-and-walk-away-with-100K-or-rent-it-out-and-net-1-000-mth-cash-flow/518171/ Hi Folks!<br/><br/>I would love any advice you can offer.<br/><br/>I purchased a home last year that was a REALLY great value in a desirable uptown location. It's a brick townhome with all the bells and whistles (granite, stainless, hardwoods, etc.). I bought the property as a foreclousre for 155K, which was a sweet deal for a 3bd/2bth in walking distance to all the major attractions and arenas.<br/><br/>The townhome next door to me sold this summer for $260K, which prompted me to look into selling (there are only 4 of our particular units). &nbsp;I got a couple of real estate agents to run a CMA and give me their proposed list price if I decided to put it on the market. They've all said between 260-290K, because my home has an additional bedroom in comparison to the one next to me that sold this summer for 260K (2/2). <br/><br/>I'm in my late 20's and my long term goal is to acquire a couple investment properties to have a passive income stream. Knowing this, what would you advise?<br/>A) Sell, take the 100K, find another property to go into<br/>B) Rent out the home and net $1,000 a month (I tested the rental market by listing it on rental.com and other housing sites and already have major interest at that price point profit). If I rent it out and continue building equity, should I get a HELOC or second mortgage to find my next property?&nbsp;<br/><br/>Thanks for any insight and thoughts! Really appreciate your time.<br/><br/><br/><br/><br \><br \>10 replies Wed, 06 Nov 2013 21:40:00 GMT http://www.zillow.com/advice-thread/Should-I-sell-my-home-and-walk-away-with-100K-or-rent-it-out-and-net-1-000-mth-cash-flow/518171/ 2013-11-06T21:40:00Z How long does it take to make a change in a listing? http://www.zillow.com/advice-thread/How-long-does-it-take-to-make-a-change-in-a-listing/589579/ If I request a change in a listing, how long will it take before that change actually takes place?<br \><br \>3 replies Wed, 03 Jun 2015 00:53:00 GMT http://www.zillow.com/advice-thread/How-long-does-it-take-to-make-a-change-in-a-listing/589579/ 2015-06-03T00:53:00Z Can I sell two unconnected properties in the same transaction? http://www.zillow.com/advice-thread/Can-I-sell-two-unconnected-properties-in-the-same-transaction/589500/ I have a house that sits on a double lot, as well as a lot 4 houses down with a large garage. &nbsp;I would like to sell them all under the same contract. &nbsp;Can you sell to unconnected properties in the same transaction<br \><br \>5 replies Tue, 02 Jun 2015 16:06:00 GMT http://www.zillow.com/advice-thread/Can-I-sell-two-unconnected-properties-in-the-same-transaction/589500/ 2015-06-02T16:06:00Z Mortgage after BK chapter 13 http://www.zillow.com/advice-thread/Mortgage-after-BK-chapter-13/589005/ My husband lost his house (before we were married) in 2010 due to foreclosure and filed bankruptcy chapter 13. His payment plan was 100%, paid it off early, and discharged his loan in Jan '15. We both work full time, he's been at his job 15 years and I have been at mine for 10. My credit is excellent and his not so much now. He applied for a credit card and has Been working to repair his credit. We have been saving for a down payment, but I was wondering if anyone knows how long we will have to wait to apply for a mortgage in Massachusetts. Any advice is greatly appreciated!<br \><br \>5 replies Sat, 30 May 2015 01:23:00 GMT http://www.zillow.com/advice-thread/Mortgage-after-BK-chapter-13/589005/ 2015-05-30T01:23:00Z How to post a house for rent? http://www.zillow.com/advice-thread/How-to-post-a-house-for-rent/589584/ <p>How do I post a home for rent?</p><br/><br/><br \><br \>0 replies Wed, 03 Jun 2015 01:58:00 GMT http://www.zillow.com/advice-thread/How-to-post-a-house-for-rent/589584/ 2015-06-03T01:58:00Z