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Scott Nelson

Agent
Specialties:
Relocation

Advice

  • (212 Contributions,
  • 2 Best Answers,
  • 13 Helpful)

Contributions are sorted newest to oldest.

I sold my house and 3 weeks later my R.E. lawyer told me I got $14,750 in overage & he wants it back

Answer

Also more than likely as part of the closing the buyer & seller each sign a document stating that in the case of a paperwork error both parties agree to work together to right the situation. But I do agree with the previous post. Consult with your CPA or another attorney to review the HUD closing worksheet given to you at the closing and the new "corrected" one for comparison.

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The relationship between a tenancy-at-will agreement and a new landlord

Answer

You should also check the copy of your current agreement & possibly have it reviewed by an attorney. Massachusetts is a very pro-tenant state. You have to conform to all the steps along the way & make sure to send registered, return receipt request mail & notices to them. 30 days might be tough if they decide to contest it or if there are children, the elderly or infirm in the property. 60-90 days I've seen in those cases but sometimes it can get strung out with court appearances, mediation & judicial action to up to 6-9 months. Are you sure you want them out in the winter when it's a bit tougher to find new tenants or occupy the property yourself? These are all things you can review with a real estate attorney.

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Selling and Buying Using Retirement Funds!

Answer

You should consult your tax preparer/CPA or real estate attorney to review your situation as well as a mortgage professional to go over your short term plans & longer term plans as to which product to use as well as the guidelines for each mortgage program. If you use the wrong IRA you could get into some tax issues. Best to hear from an authority that's also knowledgeable about your personal business. Also you'll want to find out what the market is like for the current property you'll be looking to either sell or rent out & how that would affect your timeline for what you're looking to do.Hope that helps,

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Do you see home buyers shying away from SHORT SALES?

Response

In a word - ABSOLUTELY!!! Most buyers I've been involved with were initially interested but due to the unfair & uneven responses of the lenders most all are now avoiding them like the plague. It's really the lenders own fault for this response. They don't want to negotiate in good faith, too often "lose paperwork" and arbitrarily come up with obstacles that the buyer or seller cannot overcome.

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Why would the three houses on a private street change prices differently?

Answer

It would depend upon multiple factors, styles, lot size, locations, views, sales data, assessment changes/abatements, improvements recognized through building permits, owner claiming their property and adjusting the "facts" & details of their property to better reflect their condition. Mature plantings, curb appeal, lot situation, lot descriptions, parking, utility upgrades etc. It's a complex mathematical computation these automatic valuation models use. For appraisals & market analysis purposes it's as much science & numbers as it is also an art to finding like properties to compare to. Even slight differences can make a big differences at times.Some towns use the last sale price as the new assessment, others take different approaches. Your town assessors office can explain their methodology.Hope that helps,

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The pictures of my house are 3 years old and completely outdated. The home has been completely reno

Answer

The pictures are either supplied by Google Street View, Google Earth, Bing or from past MLS postings. You can report this to Google & Bing & see when their satellite & street view will be coming back. They've been averaging around 36-60 months depending on the location. Eric & Jen are right though, you can always claim your property & upload nice new pics to show & just await Google & Bing to update their coverage as time progresses.

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