Advice

  • (8 Contributions,
  • 0 Best Answers,
  • 1 Helpful)

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Who pays commission on new construction? Buyer or builder?

Answer

This should have been a written clarification from the beginning.  At this point, you should stick out to have the builder pay for it since he signed the contract saying he will pay the commission.  That's is the norm.  Although you own the land, he is like the seller of the property.  You may have to compromise and split 50/50.Good luck.

  (0)
How long does it typicly take to find and purchase a home?

Answer

Generally speaking approx. 3 months.  You can always ask your landlord to go month to month after the lease expires.  If you rush, you may end up making a mistake.  Low interest rates and low housing prices, these 2 do not usually happen at the same time.  It is now, so this is the best time to purchase.  your monthly payments may be less than your rent plus you get the tax write off.  Looking back in the rear view mirror 5 years from now, you would be glad you did.

  (0)
Refinance a rental

Answer

There is a way to do loan modification on rentals these days.

  (0)
Buyer financing contingency about to expire and no appraisal has been done

Response

On June 5th, your realtor must send written NOTICE TO PERFORM, give 3 days to perform.  At the end of 3 days, you can pull the plug and go into contract with ALL CASH buyer and close by 6/22.  That would cut real close but do-able.  For some reason, you cannot close by 6/22, it is customary for the short sale approval to allow another week or two as long as they see that things are close to being done.

  (0)
HARP 2.0 - trying to refi

Answer

Ask to speak with the supervisor.  Call several times and you will end up getting the right person who knows how to help you.

  (0)
Is it Time to Buy a Home in Atlanta

Response

Try to buy a "Bank owned" properties aka REO properties.  Local realtors can help you identify those.  They are available in $50,000 to $70,000 range, built within the last 15 years, 3 to 4 BRs, approx 1500 to 2000 sq ft.

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How do I find comarable homes in my area so I can price my house?

Answer

I would recommend you to contact at least 3 local realtors.  Hear them out, get the analysis, they will provide you with numbers and charts.  Ask them why is it beneficial to list with them than sell yourself.  Sometimes, it brings you better net $ from the sale if you list with the realtor, saves you from some probable legal issues in the future.  But you are the final decision maker which route to take.  It is like you are interviewing these professionals.  It's fun and you will learn a lot, I am sure.Best wishes.

  (0)