Zillow Advice RSS: Question-Discussion-Guide,Home Buying,TX

I got scrammed by Century 21

Fri, 20 Nov 2009 01:16:00 GMT

Century 21 misrepresented a listing, and when it came down to the title clearing - it just didn't. A second mortgage was "discovered". Well, I find I'm out a couple grand for a house that I could have never bought for the listing price. This doesn't seem right to me, but I'm not really sure what to do. My realtor is also a Century 21 realtor, and I believe her loyalties are with them. Ah, the problem with the dual agent.

48 replies

If i purchase a home, will I be able to get out of it in 3 years without a loss?

Sat, 28 Nov 2009 23:29:00 GMT

I plan on only being in Dallas for 3-4 years and although I would like to buy a townhome, I want to be able to get out of it with little loss.

24 replies

can we get a 200k house ,with 20% down, a credit score of 621 & income of 50k ?

Mon, 30 Nov 2009 06:56:00 GMT

0 replies

If I'm looking for a 2 year lease purchase, what type of down payment can I expect?

Sun, 29 Nov 2009 23:45:00 GMT

I'm looking for a lease purchase on the Southwest side of Houston. 3-4 bedroom, 2 bath, pool, Alief or Fort Bend ISD. Are there any homes available with this criteria? What type of down payment and I looking at?

0 replies

Can I assume someone elses mortgage?

Fri, 27 Nov 2009 03:19:00 GMT

4 replies

How can I find out if my home has a lien against it?

Tue, 24 Nov 2009 18:50:00 GMT

6 replies

Why is there so much difference between the zestimate and the asking price of a home?

Tue, 24 Nov 2009 16:13:00 GMT

4 replies

are there any zero lot line or garden homes in Carrollton or Addison?

Tue, 24 Nov 2009 01:48:00 GMT

I'm looking to downsize into a one story garden home or zero lot line home. Want to get rid of the outside maintenance ho

1 reply

Want to buy short sale property/s

Sat, 21 Nov 2009 04:53:00 GMT

My partners and I are looking for properties in S Houston and N Brazoria county, have cash and POF for mutiple purchases. Range $150k and up. will work with individual owner and or listing broker.

9 replies

Lessons Learned from Short Sales in Today's Market

Fri, 23 Oct 2009 00:18:00 GMT

If you are a buyer, you are well aware of the number of short sales on the market today. This is a wild market right now for short sales/pre-foreclosures. Through the years, I've been involved with many short sale transactions but have never been tested like I have of late. It may take months just to receive a response from an initial offer.

Part of the blame needs to fall on the agents representing the short sales. I work primarily with buyers and have been suprised by the amount of short sales on the market that have not been approved by the lender. Some listing agents are unfamiliar with the process involved with representing a short sale. TIP: Whether you are a buyer or seller involved with a short sale, be sure to choose an agent with experience and knowledge of pre-foreclosures.

Here are some BUYER tips for dealing with short sales in today's market:

As a Buyer:
1. Be prepared to wait, and then wait some more. Patience is the key to purchasing a short sale. If you have a time frame for moving, a short sale may not be right for you. Every lender is different and the response time can vary, but most short sales take a long time.
2. Although most short sales are sold AS IS, be sure to hire a professional to conduct an inspection on the home. You will want to be fully aware of the condition of the home before closing.
3. There will probably be more than one offer. Nothing is considered official in real estate unless it is written and signed by both the seller and buyer. Due to the lengthy process of a short sale, listing agents will usually accept all offers and submit to the bank for approval. Until a contract is agreed to and signed by the seller/lender, then the property is considered active.

8 replies

I want to find a home for $159,000 in Murphy, TX like the home at 607 Lone Ridge Way

Thu, 19 Nov 2009 15:10:00 GMT

I know this was the deal of the century. Is there another?

4 replies

Corner lots: good or bad for value of a home?

Thu, 01 Jan 2009 20:57:00 GMT

7 replies

what does "make me move" mean?

Wed, 18 Nov 2009 19:49:00 GMT

1 reply

When owner sale short sale property, does he or she really care for how much?

Tue, 17 Nov 2009 21:41:00 GMT

Looks like short sale killing all profit for the owner.

6 replies

does anyone know about the detail on the $6500 tax credit for home buying?

Mon, 16 Nov 2009 20:13:00 GMT

- In current home 5 out of 7 year
- new home <800K. Must be principle home
- contract by when?
- close by when?
- How long is the tax credit?
- Do I need to get approval for tax credit before contract? closinge? or when?

Thank you

3 replies

need a good hunting area.white tail

Mon, 16 Nov 2009 18:56:00 GMT

1 reply

what r the steps to have a closing date extended ?

Mon, 05 Oct 2009 05:18:00 GMT

6 replies

signed contract to buy shortsale &gave the earnest money,we found out the title is not clear.what op

Wed, 21 Oct 2009 04:34:00 GMT

optins do we have now?We love the house&dont want to lose it.the owner owes &25000 in child support&and we cant pay for it.We want to know if we can leave the earnest money ,and if the house goes onto foreclosure we can buy it or should we take our money back? We were to close October 23 .Are we still under contract after that date?

6 replies

Our offer on a short sale is approved. Can we extend the closing to January?

Mon, 05 Oct 2009 02:42:00 GMT

5 replies

We bought our in Spet. 2004 would we qualify for the current homeowners tax credit?

Thu, 12 Nov 2009 01:01:00 GMT

3 replies