Zillow Advice RSS: Question-Discussion-Guide,Buying Process, http://www.zillow.com/advice/United-States%253B%253B%253B%253B%253B%253B%253B%253B/home-buying-buying-process/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate How to avoid dishonest real estate agent and what recourse I have to address issues http://www.zillow.com/advice-thread/How-to-avoid-dishonest-real-estate-agent-and-what-recourse-I-have-to-address-issues/549492/ I just purchased house advertised on Zillow. The agent was representing both buyer and seller (she told me that if I want to buy a house I have to have her as an agent). There was obvious conflict of interest there. <br/><br/>To make long, sad story short, after I tool possession of the house I found out leak in the kitchen (that was repaired by Home Warranty) and other deficiencies (lights that were identified in home inspection as in need of repairs were not working etc). Also while leak was repaired, I noticed water damage on the lower end of the kitchen cabinets. The estimates for the repair of the water damage came at $15,000 and cabinets have to be replaced. That issue was not identified in the home inspection report. <br/><br/>I've send emails to real estate agent (Christy Holmes of Century 21 Award) with the request for repairs only to get letter from Century 21 Award attorney asking me to stop sending&nbsp;emails to Christy Holmes. She also told me that real estate agent is not responsible for anything, So I just paid $720,000 for the house and I found out that I do not have any recourse to request repairs that were agreed to and were not performed (contractor was son of the seller who has contractor license in state of California) nor for the problems that were discovered after I moved into the house that were not identified in home inspection report. <br/><br/>Century 21 Award does not belong to Better Business Bureau. What recourse I have for being defrauded in the process of purchasing the house? Why real estate agent is not responsible for anything they say or do during the process of acquisition of the house?<br \><br \>3 replies Sun, 13 Jul 2014 10:46:00 GMT http://www.zillow.com/advice-thread/How-to-avoid-dishonest-real-estate-agent-and-what-recourse-I-have-to-address-issues/549492/ 2014-07-13T10:46:00Z home buying specifics http://www.zillow.com/advice-thread/home-buying-specifics/549494/ I am interested in a 55+ property that allows pets in the St. Petersburg area.&nbsp; My first choice would be a MH park but I will consider a condo or villa.&nbsp; Is there any way I can receive just the&nbsp;listings that satisfy these options?&nbsp; I've already clicked&nbsp;on the options for price, etc. but couldn't find specifics for age or pets.<br/>Thank you<br \><br \>1 reply Sun, 13 Jul 2014 11:57:00 GMT http://www.zillow.com/advice-thread/home-buying-specifics/549494/ 2014-07-13T11:57:00Z Should I withdraw my offer? http://www.zillow.com/advice-thread/Should-I-withdraw-my-offer/549255/ <p>I placed&nbsp;a very competitive&nbsp;offer on a home on Monday. The seller's agent indicated that they would likely be making a decision by the end of the day, but that didn't happen. The same thing happened on Tuesday. On Wednesday, my agent said that the seller's agent indicated that the seller was between my offer (loan), and a lower cash offer, and they would likely have a decision by the end of the day. Again, they did not respond. Today (Thursday) I told my agent that I felt as though the seller was having me hang around to see if he could squeeze more money out the other perspective buyer. I told my agent that I was uncomfortable with the idea that the seller was using my offer as leverage to get the other buyer to increase his cash offer. (btw apparently my offer is $5000 more than the cash offer according to my agent). My agent contacted the seller's agent and afterward told me that the first thing the seller's agent told him was "no news is good news." My agent told me that I was right, and that the buyer knows that we know that he is countering the cash offer. At this point, should I put a deadline for my offer? Or, should I withdraw my offer all together knowing that if the seller is serious, they would eventually reach out to me anyway? I don't have any back-up properties I'm interested at this moment but I don't feel comfortable being strung along. My agent is advising against withdrawing my offer or putting a deadline. He says that "threatening" the seller will ultimately do us no good. What should I do?</p><br \><br \>8 replies Fri, 11 Jul 2014 04:46:00 GMT http://www.zillow.com/advice-thread/Should-I-withdraw-my-offer/549255/ 2014-07-11T04:46:00Z Does my lender have to call the listing agent? http://www.zillow.com/advice-thread/Does-my-lender-have-to-call-the-listing-agent/507031/ I have a contract on a home. &nbsp;The listing agent is insisting that my lender call her. &nbsp;My agent is telling me that my lenders behavior is unacceptable. &nbsp;It's a credit union. &nbsp;So my question is does my lender have to call the listing agent? &nbsp;Is this customary? &nbsp;Can the listing agent just call my lender if she has any questions? &nbsp;I am buying my first home and I don't know whats customary or who is at fault? &nbsp;What do I do?<br \><br \>16 replies Thu, 15 Aug 2013 15:52:00 GMT http://www.zillow.com/advice-thread/Does-my-lender-have-to-call-the-listing-agent/507031/ 2013-08-15T15:52:00Z New build pond lots: What's the deal? http://www.zillow.com/advice-thread/New-build-pond-lots-What%27s-the-deal/549476/ The pond lots seem to sit for long periods un-purchased by prospective home builders. &nbsp;They come with incentives to buy and the wooded non-pond lots lots have high premiums if you opt out of a pond lot. &nbsp;The property line goes halfway into the pond, so you share "ownership" of the pond with your neighbors beside you and behind you on the other side of the pond. &nbsp;This is the kind of retention pond that contains water year round. &nbsp;There is no HOA and my speculation would be residents would need to upkeep if/or as it is needed.<br/><br/>Possible reasons for not wanting to buy the retention pond lots?<br/><br/>Safety if you have young children?<br/>Liability if someone gets hurt in the pond?<br/>Higher insurance premiums because it is a part of your property?<br/>Possible lower resale value?<br/>Excessive Mosquitos or possible Geese waste?<br/>Having to upkeep the pond. &nbsp;Cut grass up to it, weed whack etc.<br/><br/>Any positives?<br/>Having a pond that might look good.<br/>Significant savings on lot fee.<br/>No one directly behind you.<br/><br/>Thanks for any insight or experience on this.<br/><br/>&nbsp;<br/>&nbsp;<br \><br \>2 replies Sun, 13 Jul 2014 00:49:00 GMT http://www.zillow.com/advice-thread/New-build-pond-lots-What%27s-the-deal/549476/ 2014-07-13T00:49:00Z Huge difference in price per sq ft in neighboring homes http://www.zillow.com/advice-thread/Huge-difference-in-price-per-sq-ft-in-neighboring-homes/549467/ Hello! We are in escrow for a home in Southern California for $720,000 and the home is listed as $569 per sq ft. We received back the appraisal report and all of the comps are listed as between $480-$505 per sq ft. We are VERY concerned that we may be overpaying for this house by quite a bit. It is in a very prestigious area in Pasadena and is the "cheapest" home in that area, but that's because it is smaller than most- only 1264 sq ft, compared to the average of around 1400-1500 sq ft. Should we be concerned? It has been remodeled and is in pretty good condition. Please advise.<br \><br \>2 replies Sat, 12 Jul 2014 22:58:00 GMT http://www.zillow.com/advice-thread/Huge-difference-in-price-per-sq-ft-in-neighboring-homes/549467/ 2014-07-12T22:58:00Z what is the best time of year to buy a home? summer/fall/winter/spring? http://www.zillow.com/advice-thread/what-is-the-best-time-of-year-to-buy-a-home-summer-fall-winter-spring/390174/ 17 replies Fri, 11 Mar 2011 01:34:00 GMT http://www.zillow.com/advice-thread/what-is-the-best-time-of-year-to-buy-a-home-summer-fall-winter-spring/390174/ 2011-03-11T01:34:00Z I missed the closing date. What will happen now? http://www.zillow.com/advice-thread/I-missed-the-closing-date-What-will-happen-now/549460/ I am buying a house in another state. The closing date on my purchase contract was 7/11 - the past Friday. However, my mortgage loan was finally approved in the afternoon of 7/10, and I received the closing documents from the title company after 5pm EST. I also learned the amount of my down payment at that time. <br/><br/>Although I talked to my agent and hoped a few days of extension to close due to the short turnaround time, my agent said that if they do not receive my signed closing documents and wire the first payment on 7/11, I will breach my contract. <br/><br/>I started to panic after that. I signed all the docs overnight, and put them in mail on 7/11 for next day delivery. However, I was a few hundred dollar short to meet the first down payment. Most of the payment was wired to the title company on 7/11. I will obtain the remaining amount on Monday, and then wire it to the title company. &nbsp; <br/><br/>Am I breaching my contact? What negative impacts will this have? What should I do (find a lawyer)??...<br/><br/>Also, due to the short turnaround, I was NOT able to confirm with my agent that the things needed to be fixed by the seller had been completed.&nbsp; <br/><br/>Did my agent behave in the best interest of mine in the whole process?<br/><br/>Thanks!!<br \><br \>3 replies Sat, 12 Jul 2014 22:07:00 GMT http://www.zillow.com/advice-thread/I-missed-the-closing-date-What-will-happen-now/549460/ 2014-07-12T22:07:00Z foreclosure http://www.zillow.com/advice-thread/foreclosure/549418/ i see a property that im interested but it is a foreclosure.....I'm approved already, will this speed the process of getting this house?<br \><br \>4 replies Sat, 12 Jul 2014 15:16:00 GMT http://www.zillow.com/advice-thread/foreclosure/549418/ 2014-07-12T15:16:00Z I've seen so many bad reviews from DR Horton, and we just signed a contract to buy a new house http://www.zillow.com/advice-thread/I%27ve-seen-so-many-bad-reviews-from-DR-Horton-and-we-just-signed-a-contract-to-buy-a-new-house/487195/ Now, I'm afraid that we are not getting something good and we are going to get stocked for 30 years. Can I get some advise pls?<br \><br \>21 replies Wed, 10 Apr 2013 04:43:00 GMT http://www.zillow.com/advice-thread/I%27ve-seen-so-many-bad-reviews-from-DR-Horton-and-we-just-signed-a-contract-to-buy-a-new-house/487195/ 2013-04-10T04:43:00Z First time home buyer, need help on making decision. http://www.zillow.com/advice-thread/First-time-home-buyer-need-help-on-making-decision/549317/ Hi, guys,<br/>I paid for a home inspection yesterday.&nbsp;<br/>And when I saw the report, it raised a few major concerns of mine, and I am just wondering if it is common for house that was built in 1960s. The house location is in Southern California area.<br/>&nbsp;<br/>1. Are signs of possible roof water leaking and termite considered normal for houses? I heard my friends told me that these are normal for aged houses and shouldn't be a big problem once treated.<br/>&nbsp;<br/>2. Though it doesn't rain a lot, but there was one recommendation on the report :<br/>"(2) Inadequate grade observed at rear of home. Regarding, filling low lying areas or adding alternative<div>means of drainage is recommended to assure all water drains away from the foundation."<img src="http://photos1.zillow.com/o_a/IS9xzq1d1h7e0k0000000000.jpg" width="250px" height=" 1.22" imageid="X1-IArhfc0d1h7e0k0000000000_msbvl" uploadtype="new" imagetype="8"/><br/><br/><div>Do you guys think above problems are common for houses? Should I pass it?<br/>There are many other small things but I think those are expected and very DIY-able.&nbsp;<br/><br/>Thanks in advance<br/></div></div><br \><br \>8 replies Fri, 11 Jul 2014 17:11:00 GMT http://www.zillow.com/advice-thread/First-time-home-buyer-need-help-on-making-decision/549317/ 2014-07-11T17:11:00Z "zestimate" on new home construction http://www.zillow.com/advice-thread/zestimate-on-new-home-construction/549188/ Ok so my question is..Is it typical for the "zestimate" to be lower than the price of a new construction build? I mean when looking at comparables in the &nbsp;neighborhood that are already built. &nbsp;I know typically the listing price is within the zestimate for existing houses so I'm not sure if this is normal or a red flag.<br \><br \>5 replies Thu, 10 Jul 2014 18:12:00 GMT http://www.zillow.com/advice-thread/zestimate-on-new-home-construction/549188/ 2014-07-10T18:12:00Z How to file complain against real estate agent? http://www.zillow.com/advice-thread/How-to-file-complain-against-real-estate-agent/549395/ I was buyer, agent works for Century 21 Award. Agent was focused on the interest of the seller who was her friend. &nbsp;What are the obligations that agent has towards buyer if she represents both buyer ans seller? Where I can find information how conflict of interest is being handled? How I can file complain and with whom? Century 21 Award does not have process to handle complains from the clients and instead sends them letters from the attorneys to intimidate them. As a result of total lack of support from real estate agent I ended up with the house with the water damage which was not included on the house inspection report, not working lights, no keys to enter house, leaning fence etc. After the fact permits I was promised (and told they were pulled out) turned out to exclude plumbing since plumbing did not confirm to the California Building Code. In one word a mess for which I've paid $720,000.<br \><br \>3 replies Sat, 12 Jul 2014 07:00:00 GMT http://www.zillow.com/advice-thread/How-to-file-complain-against-real-estate-agent/549395/ 2014-07-12T07:00:00Z Buying a home at a young age? http://www.zillow.com/advice-thread/Buying-a-home-at-a-young-age/548574/ I am 19 and my boyfriend is 20. We want to buy a home but have no credit. We both have full time jobs. He brings home about $900 every two weeks after taxes and I bring home about $600 every two weeks after taxes. What kind of loan could we get and would we actually be able to afford things if we went through with this? We live in a small town in Ohio.<br \><br \>6 replies Sun, 06 Jul 2014 03:38:00 GMT http://www.zillow.com/advice-thread/Buying-a-home-at-a-young-age/548574/ 2014-07-06T03:38:00Z Buying a second home. http://www.zillow.com/advice-thread/Buying-a-second-home/549227/ Hello,<br/><p class="MsoNormal">I understand that when buying a second home a 20% down is required and I would like to know if there is a way I can pay less.</p><p class="MsoNormal">I own a single family that my parents purchased under my name and it's currently my primary residency as well as my parents.</p><p class="MsoNormal">They pay the mortgage but don't qualify to assume the loan, so I am stuck unless they sell. What are my choices as far as buying a second home ?</p><p class="MsoNormal">I would like to purchase a 3 family building and be able to get the extra income from the rent.</p><p class="MsoNormal">&nbsp;</p><p class="MsoNormal">Thanks,</p><br \><br \>4 replies Thu, 10 Jul 2014 23:30:00 GMT http://www.zillow.com/advice-thread/Buying-a-second-home/549227/ 2014-07-10T23:30:00Z To FHA Qualify for a fourplex... http://www.zillow.com/advice-thread/To-FHA-Qualify-for-a-fourplex/549354/ Hi,<br/><br/>I'm wondering,&nbsp;<br/><br/>In order to qualify as an owner occupant in a fourplex without a lot of down (5%) and with a low personal income (25k/yr), do the other three units need to be occupied at the time of the purchase? Or will the lender consider the empty units as income producing even if they are empty at the time of purchase? Does this depend on the lender?<br/><br/>Does this mean I cannot purchase a fourplex where all units are initially full because I cannot immediately occupy the property?<br/><br/>What information do I need to bring to my lender about the rental incomes and vacancy rates in the neighborhood where I want to purchase in order to qualify?<br/><br/>&nbsp;How can I find a lender that deals especially with multifamily properties and fha loans?<br/><br/>Thanks!<br/><br \><br \>0 replies Fri, 11 Jul 2014 22:23:00 GMT http://www.zillow.com/advice-thread/To-FHA-Qualify-for-a-fourplex/549354/ 2014-07-11T22:23:00Z House Floor size is less than advertised http://www.zillow.com/advice-thread/House-Floor-size-is-less-than-advertised/549229/ We put an offer in on a newly constructed home which was listed as 2196 sq ft for 103.77 a sq foot. &nbsp;<br/><br/>Our bank appraiser went in and came back with a measurement of 2002 sq feet. &nbsp;At that assessment we would not be approved for the financing. &nbsp;so he was asked to go back in and re-verify. &nbsp;He came back with 2053 sq feet and appraises the house for 224k. &nbsp;The initial appraiser the builder had over calculated the area of the house.<br/><br/>Now the builder has countered at 224k which comes out to $109.11 a sq ft which is much more than we were originally sold on the property at $103.77.<br/><br/>What should my next steps be? &nbsp;The appraiser's comps show sales 104.30-106.25 / sq ft. &nbsp;I do not feel its fair to expect us to come in at $109.11/sq ft after being miss lead!<br/><br/>Also I am not comfortable with the appraiser coming up with a higher assessment after being asked to go and re-verify.<br/><br/>Please advise, any input is greatly appreciated.<br \><br \>2 replies Fri, 11 Jul 2014 00:08:00 GMT http://www.zillow.com/advice-thread/House-Floor-size-is-less-than-advertised/549229/ 2014-07-11T00:08:00Z Loan Pre-approval VS. Loan Approval http://www.zillow.com/advice-thread/Loan-Pre-approval-VS-Loan-Approval/549299/ <p>When a&nbsp;loan is "pre-approved" with a certain set of parameters (amount of loan, personal income, credit score, employment history, type of loan, location of home, etc), &amp; you find a home that fits all of those parameters, what limiting factors are typical for not getting a loan?<br/><br/>Is there any motive for a banker to pre-approve a loan that would never actually get approved?</p><br \><br \>8 replies Fri, 11 Jul 2014 15:16:00 GMT http://www.zillow.com/advice-thread/Loan-Pre-approval-VS-Loan-Approval/549299/ 2014-07-11T15:16:00Z (Moved): Can I get a home loan with a FICO score of 577? http://www.zillow.com/advice-thread/Moved-Can-I-get-a-home-loan-with-a-FICO-score-of-577/549336/ This discussion has been moved to the following location: <a href="http://www.zillow.com/advice-thread/Can-I-get-a-home-loan-with-a-FICO-score-of-577/549331/">http://www.zillow.com/advice-thread/Can-I-get-a-home-loan-with-a-FICO-score-of-577/549331/</a><br \><br \>0 replies Fri, 11 Jul 2014 19:49:00 GMT http://www.zillow.com/advice-thread/Moved-Can-I-get-a-home-loan-with-a-FICO-score-of-577/549336/ 2014-07-11T19:49:00Z Sellers have accepted a purchase offer with a date to close with the phrase, "on or about" . http://www.zillow.com/advice-thread/Sellers-have-accepted-a-purchase-offer-with-a-date-to-close-with-the-phrase-on-or-about/549231/ They are stalling. Can I walk away<br \><br \>10 replies Fri, 11 Jul 2014 00:20:00 GMT http://www.zillow.com/advice-thread/Sellers-have-accepted-a-purchase-offer-with-a-date-to-close-with-the-phrase-on-or-about/549231/ 2014-07-11T00:20:00Z