Advice

  • (15 Contributions,
  • 0 Best Answers,
  • 0 Helpful)

Contributions are sorted newest to oldest.

My lender (CalHFA- horrible people) denied my short sale now what do I do?

Answer

Unfortunately, many investors (the guarantor behind the bank) require that the borrower go late for short sale approval.  Do you have an agent who has successfully processed short sales?  That is very important.  Also, make sure that you have brought forth a lot of documentation to support and validate your hardship.In your case, letters from your doctors, medical bills, etc etc.  The complete picture needs to be painted.If you are current and continue to remain current, what incentive to they have to approve the short sale?  Although, some investors will most will not approve a short sale when borrower is current.  Again, make sure you are using an agent with a track record of successfully closing short sales.

  (0)
As a Buyer w/o an Agent, you can negotiate the Buyer Agent Commission

Response

lynrosect, I appreciate the fact that you are happy about your purchase and the deal you received. I wish you many years of enjoyment in your new home."Chutta" I appreciate your contract knowledge as you are on the money. I have sold many homes in my years as a Realtor.  I have sold homes to represented buyers and to unrepresented buyers.  Although the perception from unrepresented buyers is that they are saving the buyers agent commission by not having an agent the reality is this perception is not reality.  How do these buyers know that they could not have received the same deal if not a better deal with representation?  They do not!  It is their perception that they are saving the 3% but reality is the seller is gaining 3% if the listing agent agrees to modify their listing contract with the seller to reduce the commission.Real estate attorneys are great. They understand contracts and real estate law; however, they are not selling homes day in and day out to understand the real trends in the marketplace.The bottom line is that a "deal" is in the eye of the beholder.  It is all about perception and consumers are fed so much mis-information on a daily basis that there is no wonder perceptions can be so inaccurate.

  (0)
i want to buy a home

Response

Down Payment, Loan Approval, and a Realtor that is full-time and producing results in todays market. 

  (0)
Media Room & Exercise room

Answer

My apologies Oldoc. I did not receive your question. I am more than happy to show the home to you. Please feel free to email me so that we can arrange a showing.

  (0)
Media Room & Exercise room

Answer

Seller is providing an allowance to replace media room equipment. Updated 01/11/2008

  (0)
Boundary Dispute - HELP

Response

I agree SAS912. Adverse Possession cannot take place if you are given permission to stay on the land or if you are asked to leave the land. If you were trespassing and asked to leave then Adverse Possession would not come into play. Adverse Possession would not come into play if the pool was snuck on the property at night and removed in the morning before the owner took a morning walk. If the pool is on the property 24 hours a day, it is thought that the owner of the land should be aware of their boundaries and what is happening on their land. They should have known this pool was encroaching and asked for the pool to be moved.Only a RE attorney can answer this question. I would be very interested in hearing what the attorney in CA says on this matter.I would interview more than one attorney to make sure you get a real bulldog.

  (0)
Opinions Re-Deux

Response

Congrats on working with a Keller Williams agent... I am bias as I too are with Keller Williams.My I suggest that you list your home at $500,000 versus $499,000. I know that $499,000 is a better number mentally; however, that $1000 can make a huge difference in how many buyers see your home on the internet or how many Realtors pull your home for their clients. When you search for homes on the internet you are searching by price points. If you want to be guaranteed your home will have the best exposure on the internet you need to be seen by the $450,000 to $500,000 buyer plus the $500,000 to $550,000 buyer. This can make a huge difference for you showings through the door also. With that being said if $499,000 is too high for your home this will not help you but if $499,000 has your home priced right for the market than the $500,000 will really help you.

  (0)
Boundary Dispute - HELP

Response

I agree with everyone that you do need a great RE Attorney as we are not attorneys.To me the stipulation that the buyers should make their own boundary check has placed some responsibility if not all the responsibility on them. If you have any proof that your agent instructed you to mark the bounderies and create the drawing then the remainder should be placed on the agent and their company. I am guessing that your agent did not recommend for you to place a disclaimer on the drawing.You said this pool has been on the property since 1972...36 years, is this correct? Ask your attorney if this would qualify for Adverse Possession. Adverse Possession is taking ownership of property through the use of said property without permission in the open view. Have you spoken to your attorney about this?

  (0)
Well, no, I don't come with the house....

Response

LOL. I have seen people that attempt to break into vacant homes to see it... one of my friends who is a fellow agent had a client a few weeks back drive by a home she had sent them over the internet. They got out of their car to look in the windows. They came across an unlocked door and opened it (YES...OPENED A DOOR TO AN OCCUPIED HOME) setting off the alarm. They ran before the Police arrived. My friend could not believe they admitted to this...they thought it was funny.I guess it is a good idea to keep your doors locked before a buyer walks in to see your oreo butt in the shower.

  (0)
Do you think a house "for sale" sign is effective in selling the property?

Response

I always knew I liked ELVIS.Both the real estate firm/ agent and the seller benefit. I would say the real estate firm/ agent lose more by not having a sign. With that being said, I had a home earlier this year listed and they did not want a sign. Buyers thought there was something wrong with the home that the sellers did not want their neighbors to know the home was listed.The selling price is determined by the location, size, and condition of the home as you already know. I do not think a sign is going to bring a higher selling price unless it brings additional traffic to promote a bidding war.

  (0)