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Helen Edwards's Advice

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  • 176 Contributions
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  • 19 Helpful

Helen Edwards wrote:

Seller to make septic accessible for inspections

Response
Jim is right, septic inspectors can easily find tanks with minimal land disturbance. This is a major inspection and should be happily made available to buyers. Virginia sales contracts have standard clauses for Well, Septic and Termite inspections to be done within 30 days of closings and paid for by the Sellers. They are usually about $150 each and assure confidence in both parties by knowing what condition property is in. Should any defects arise seller is normally willing to repair as it benefits them in long run, but costs may be negotiated if above $1000.
February 05 2011
(0)

Do I have to use the lender that gave me the "pre appproval" letter???

Answer
No. Sometimes large lenders are not as familiar with properties as local ones. Just recently I had a buyer come in with a P A letter for a FHA loan for a condo she wanted to purchase. Lender had not checked to see that condos did not qualify for that financing and sale was delayed while buyer had to change lenders who could help her in very short time and with a lower rate to boot!  Believe best to shop & interview lenders. Experience is Key in choosing both Lenders & Realtors
February 05 2011
(0)

A house went off the market for a few days and back on and back off and on??

Answer
Many reasons as all have said. Sometimes sellers are "fishing" and not really sure they want to sell. They may have changed the price thinking there were so many calls or showings that price was too low. Best to call the Realtor.
February 05 2011
(0)

My mother is 78 and is selling her home. The real estate co. is charging her 6%. Should it be 3%?

Answer
Six per cent is the normal commission for home sales. It is split 50/50 between the listing company and selling company, that would make it 3% each and probably what you were thinking. The rate is determined when the Selling Agreement is signed.
February 05 2011
(0)

Advice on submitting a 'best and highest offer' as the seller is choosing between two bidders?

Answer
Have your agent research the MLS sold comps and the county public records. Know your bottom line to purchase and don't buy emotionally.Should the seller accept the other offer, remember there's always another and alot of times better home on the horizon.
July 19 2010
(1)

trying to apply for the pre-qualifed mortgage need help at this can someone contact me please

Answer
Call your area local lenders to guide you thru the process. They can prequalify you even over the phone and give you a better idea of the amount of mortgage you can afford.  Once you find a home and are ready to purchase,  lender will require an appraisal along with additional paperwork from you to give a Commitment Letter for your loan.
June 19 2010
(0)