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minotau

Advice

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So How Do Property Listings Get HiJacked Here?

A few weeks ago I sent Zillow a couple of "complaints" that our recently purchased property was still being listed as "For Sale".  Within a couple of days they did "something" and the property no longer showed as "For Sale".  I was able to "claim" the property (although in the previous owners name since we didn't yet appear in the list).Yesterday I get an email saying that my property is listed for sale, so I try to edit the property and I'm no longer the "owner" of the listing and now I can't even send a complaint via the "Report problem with listing" link, it just tells me that "You do not have permission to edit this listing because this property is currently listed by another user." even though I'm simply trying to report an issue.I don't think it's the old listing agent because the listing source is different than it was previously:Website:See listing websiteListing source:ListingDomains.comand clicking on the "See listing website" link just takes me to the main webpage of the listing source.So now I'm locked out and I can't even report the issue directly.  Strange stuff and not sure how I can get it fixed....

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Is earthquake insurance worth it?

Answer

People in Seattle buy earthquake insurance?  With apologies to Spencer & Company - LOL!  I think about 13% of of folks in California have earthquake insurance.Just thinking out loud, I'd guess that Spencer's home would have to worth many millions of dollars for his $1,000 policy to make any sort of sense.John Rundle's site is very, very nice.  We were discussing earthquake insurance yesterday for a home we just purchased in LA and John's "Home Damage Estimator" really helps to put things in perspective.  It shows me that with a 15% deductible we would need a very large quake to take place very close to our property before we'd see a payout from the insurance.

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Where is the best place to buy major appliances?

Response

I've never used "Direct Buy" so I can't comment directly on them or how cost effective their business model may be.  But the links below do make me very hesitant to even consider using them.  It does sound as though it's some type of franchise operation so perhaps YMMV.http://news.consumerreports.orghttp://www.consumeraffairs.com/

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Where is the best place to buy major appliances?

Response

I've never used "Direct Buy" so I can't comment directly on them or how cost effective their business model may be.  But the links below do make me very hesitant to even consider using them.  It does sound as though it's some type of franchise operation so perhaps YMMV.http://news.consumerreports.orghttp://www.consumeraffairs.com/

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What if the seller doesn't move?

Answer

Never, ever do a "Close of Escrow +" to take possession.  Apologies, I recognize that it's a bit late for that here, but for future reference, just say "NO!".

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Radon and repairs needed on home we are interested in.

Answer

Well you can ask for anything you want, the worst that can happen is that they say "no".  Again, it really boils down to whether the agreed on price properly reflects the age/condition of the property.  In this type of situation you might want to consider asking the seller to pay for some type of warranty for the items in question.  Not an ideal solution, but it might provide a more attractive way for the seller to mitigate your concerns about major repairs that may or may not be required in the next several years. Actually, there are electronic Radon test units that will record peaks, valleys, averages, etc.  Also keep in mind that the test units are typically placed in the basement (I'm assuming that you have a basement) where the concentrations of Radon are almost always at their highest.  If I recall correctly the EPA recommended limit for mitigation is 4.0?  Does your state have a level where mitigation is mandatory or recommended?  I'm just asking because these are the things that the seller is going to consider.  Again, you can only ask.It's difficult to determine what's "fair", and really the question might be what's the seller going to consider "reasonable" and appropriate.  I have zero insight into the sellers motivation so it's hard to say.  But if you think that's it reasonable then go ahead and ask!We're currently in escrow on a property, our agent almost hit the floor when she heard our offering price, she didn't think we'd even get a response.  They countered.  When I gave her our counter she thought they'd try to meet us half way, instead, much to her surprise, they accepted.  And this morning we're going back to them with a price adjustment based on our inspections - by now she's on board with the program and geared up to make our case.  The point is, you never know, you can only ask.And yes, I actually do eat a lot of rice, and I actually do run around yelling "TURN THAT LIGHT OUT!"  But then, I like rice and I recognize that we really do become our parents.  ;-)Good Luck.

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Radon and repairs needed on home we are interested in.

Answer

Well you really haven't mentioned any significant, current issues have you?  When you agreed to a certain price you did that while knowing the age of the property, right?  You simply have to expect certain things in a property of a certain age, right?In some areas of the country (where I'm from originally for instance) Radon is simply a fact of life.  We test for it and when it's high we mitigate for it.  I'm just saying that you shouldn't get too spooked by Radon.  Heck, I grew up breathing Radon and eating lead paint chips for snacks and look how I turned out!  Oh, wait....Anyway, the Radon level is almost high enough to require mitigation, the roof is almost old enough to need to be replaced, the air/furnace are almost old enough to need to be repaired/replaced.  Again, I'd expect that the agreed on price would reflect the age of the property, does it?

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How much is reasonable to offer on short sale?

Answer

Exactly why hasn't your agent been able to find out what they owe on the property?  One phone call to the listing agent and that should be clear.Before you start chasing a short you want to understand how much is owed and to whom, if there are multiple mortgages involved, if there is PMI involved, what's the strategy for getting any secondary mortgage holders to sign off (may involve negotiating a payment to them), if there have been any conversations with the bank to date, if there's already been a NOD and NTS filed, what the owners current status is with their mortgage payments (how long ago they stopped paying/if they've stopped paying), what conversations they've had with the primary lien holder regarding a short, has an appraisal been ordered/completed by the seller, etc., etc., etc.If you can't get this type of information from the seller then you might want to think twice about chasing this.  A short should be a vastly different process than with a "standard" equity sale, there should be a lot more transparency and cooperation between the buyer and seller - you both need to be focused on selling your offer to the bank.  And you need to understand what the banks most likely, most profitable path is.

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Las Vegas Foreclosure Market Update, is it a good time to buy ??

Response

"Use a period at the end of a command. Hand in the poster essays no later than noon on Friday.In case of tremors, leave the building immediately.Use a period at the end of an indirect question.The teacher asked why Maria had left out the easy exercises.My father used to wonder why Egbert's ears were so big.Use a period with abbreviations:Dr. Espinoza arrived from Washington, D.C., at 6 p.m.Notice that when the period ending the abbreviation comes at the end of a sentence, it will also suffice to end the sentence. On the other hand, when an abbreviation ends a question or exclamation, it is appropriate to add a question mark or exclamation mark after the abbreviation-ending period:Did you enjoy living in Washington, D.C.?Occasionally, a statement will end with a question. When that happens, it is appropriate to end the sentence with a question mark.We can get to Boston quicker, can't we, if we take the interstate?His question was, can we end this statement with a question mark?She ended her remarks with a resounding why not?"Just saying....

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