Advice

  • (14 Contributions,
  • 0 Best Answers,
  • 2 Helpful)

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What are $ amount of HOA?

Answer

If the property you are talking about is a condo or within a PUD then there will be HOA fees and these are to cover the communities expenses.  If the listing does not list an HOA then in all probability the property you are looking at simply doesn't have any HOA fees.

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Should I buy the adjacent empty lot to increase my property value?

Answer

If you think the extra property would eventually create an actual building lot if you added a little of your own property then the answer would be a resounding yes.  If not, have extra land just for the land sake is usually never a good idea.  Just a lot more land to maintain.

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the information about my house is incorrect, how do i fix it?

Answer

Usually it is just a process of contacting the listing service and requesting them to correct it.  Depending on where the service got the information.  If it came from the county recorders office then your would contact them.  If it came from the Multiple Listing Service in your area then your would need to contact that specific MLS board.

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Buyers Agent did not thoroughly read listing, misrepresented to buyer, now buyer may want out

Answer

Like everything in Real Estate you first have to go to the actual signed contract.   Normally the buyer has a "Due Diligence" Period.  This is the time when the buyer has the opportunity to do a Home Inspection and any other tests they deem necessary.  Usually if they find something that is of concern to them they will bring that to your attention and then one of two  things can happen.1.  You and the Buyer work out something to fix the problems2.  You refuse to fix the problem and then the buyer either still goes through with the deal or they cancel the contract.  Unfortunately during this period the "buyer" has control, they usually can cancel the contract for any reason, during the Due Diligence period.However, if the contract has gone on long enough to be beyond this Due Diligence Period then the only way to "get out" of the contract is if they have a problem with the financing or if the property does not appraise.  All of this usually comes into play during the "Financing and Appraisal"  Period.  This period of time is always after the Due Diligence period.  To be able to hold the buyers agent liable you would need the cooperation with the buyers.  They would need to testify that the buyers agent knew of the defect in the property and he "materially misrepresented' the information to the buyers.  If you can do that then you certainly could have a case, on the basis of damages caused by the agent intentionally withholding information from his clients.  

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What to do?

Answer

In this market if you can buy BUY!!!!!! After four years at the bottom real estate is finally coming back.   You can still get 3.75% money that is still in the "life time lows" range you can't go wrong taking advantage of that kind of interest rates.Good luckJust make sure you use someone that knows what they are doing even in this market you don't need to over pay for something.

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