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Joshua Heard's Advice

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  • 200 Contributions
  • 2 Best Answers
  • 29 Helpful

Joshua Heard wrote:

What is the difference between a pre-qualified vs pre-approved mortgage?

Answer
AFAIK, pre-qualified just means your numbers are within the lender's parameters in order to qualify for a certain size loan.  Pre-approval means they have checked all the documents, run your credit, and you have been approved to borrow a certain amount when you are ready to buy.
April 01
(1)

tv wall mount in kitchen

Answer
You want to make your house appeal to the largest number of people.  I have looked at thousands of homes, and very few have a TV in the kitchen. Based on the fact that there are very few kitchen TVs, my conclusion is most people do not want one there.  Therefore, I would remove the TV completely. I agree with another poster, you want to make the house as uncluttered as possible so the potential buyer can use his imagination and imagine living there.
March 31
(0)

Should I convert 10x12 spare bedroom into a sitting/ walkin closet?

Answer
6 bedrooms is a lot.  Large master suites are more popular now.  I don't think doing what you suggest would not harm the value and would probably increase it.
March 27
(0)

FSBO, buyer agent wants ME to pay commission. I say no, I am selling by owner to avoid paying comm.

Answer
You don't have to pay them a commission and they don't have to tell you the name of their buyer.  If you know the name of the buyer, and do the transaction yourself, you are under no legal obligation to pay the realtor's commission.
March 27
(2)

how much do i need to pay for home inspection?

Answer
That seems expensive.  I would shop around and try to pay about $150 for a job that size.  The association is responsible for the exterior and structural aspects.  Pretty much all he can test is plumbing, electrical, and HVAC.
March 24
(0)

Mechanics Lien by Unlicensed Contractor?

Answer
Was the contractor licensed?Seriously, mechanics lien laws vary from state to state and county to county.  If I was you, I would not pay a contractor for work he did not perform.  You can fight about the lien later.
March 24
(0)

With no contract, and no work done on my behalf... is this fair compensation?

Answer
You do not have a contract with your friend, so you owe nothing.  The seller offering money for services already rendered is not a contract, and you are not a party to it if it was one.
March 24
(1)

Can the seller's agent say they received an offer if they didn't?

Answer
It would be fraud for a seller's agent to lie about receiving another offer. 
March 24
(0)

what are our tax options

Best Answer
First of all, you only need receipts if you are audited.  You can put your best estimate on a tax return.  Also, you could use another method of proving payment, for instance cancelled checks.  Finally, I would make that argument to the IRS if they question you:  you are making a best estimate, but do not have any records going back that far.
March 11
(1)

If a closing contract is not executed by the stated date and no extension is signed, can I move on t

Answer
Generally, if the contract does not close by the closing date, it is terminated.  You are then free to accept another offer from another buyer and sell to them.  I would consult with a local real estate attorney to look at the contract and correspondence to make sure, as there are many exceptions to the rule.
March 11
(0)