Profile picture for Shannon Thomas

Shannon Thomas

AgentTeam

24 Recent Sales (last 12 months)

Real Estate Broker ABR SFR E-Pro

Specialties:
Buyer's Agent,
Listing Agent,
Foreclosure,
Short-Sale

Advice

  • (246 Contributions,
  • 4 Best Answers,
  • 29 Helpful)

Contributions are sorted newest to oldest.

For resale value, is there a difference between engineered floor and wood floor?

Answer

Real Hardwood impresses buyers more then engineered.  There are sure some very nice engineered flooring though and I think it depends on the price range of your home and what the neighborhood norms are.  If your not selling for 5 years then the hardwood will probably stand up to time much better also. 

  (0)
First time home buyer in Indianapolis

Answer

Congratulations!  The journey to buy your first home should be as un-stressful as possible.  A good Realtor, lender and title company will make it flow as simply as possible.   Check with the Real Estate Agent, if your lender may be one of the lenders that are very stressful to close with.  You can also call title companies and ask them what they are like. Interview a couple of Real Estate agents.  You need to feel comfortable with them as well as trust that Real Estate agent to handle the home buying process for you, keep in touch, do timely contract as well as inspection responses and be available for questions or concerns.  Good luck, its a very exciting time   

  (0)
expired contract

Answer

Call your Real Estate agent and tell them that the contract has expired and you aren't going to re-list and that you want the listing taken off of the MLS.  efforts by the Real Estate agent means through their past advertising, internet, mailers, ads, open houses, past showings, inquiries, etc.  The burden of proof that the past listing agents efforts got you the sell is on your listing agent but can turn into a legal matter if you would disagree.  Good luck

  (0)
How do I find the name of a curernt owner?

Answer

Call a local realtor and ask them to look up or you can go to the County tax assessors office.  They can let you know the current owner.  Sometimes the information is on line.  

  (0)
Purchase Agreement...does it require both buyer/seller signatures?

Answer

I'm not an attorney but without both parties signatures you don't have a contract.  I could never send a contract to a title company with out both parties signatures without the Title company telling me that I need both parties signatures to process.   

  (0)
How do you get into an auction for home

Answer

You just register for that particular auction or like the other agent said have a realtor register you.  Auctions can be risky. Make sure you understand their rules for that particular auction.  Some are cash only and Sold as is.  Some will allow financing and still as is.  Buyer beware In some their are no protections for the buyer, no inspection so when your offer is accepted and if you would decide for any reason to not go through with the purchase they can keep the earnest money as well as sue you for specific performance.  I'm not a fan of Auctions because of some of the Auctions sites fine print.  

  (0)
Can I bid on 2 homes at the same time in Indiana

Answer

Unless you can afford both homes I would not enter into a contract on more then one property.  If you get two accepted offers then you will have two legal binding contracts and the seller does not have to release.  I'm not an attorney and I would seek legal advice if you decide to enter into more then one offer at a time.   The seller can keep your earnest money but also sue for non performance of the contract.  Good luck 

  (0)
Can I bid on 2 homes at the same time in Indiana

Answer

Unless you can afford both homes I would not enter into a contract on more then one property.  If you get two accepted offers then you will have two legal binding contracts and the seller does not have to release.  I'm not an attorney and I would seek legal advice if you decide to enter into more then one offer at a time.   The seller can keep your earnest money but also sue for non performance of the contract.  Good luck 

  (0)
What is a pre foreclosure?

Answer

Good morning.  Pre-Foreclosure means a property has not been foreclosed on yet but the bank (Owners lender) is in the process of foreclosing on the property.  The owners are behind on payments and the bank has started foreclosure proceedings.  the owners may or may not be doing a short sale. If the owner does a short sale (asks the bank to sell for short of what they owe) the property will be listed with a local Realtor to complete the transaction and can take months to complete. I hope this helps   

  (0)
What is a pre foreclosure?

Answer

Good morning.  Pre-Foreclosure means a property has not been foreclosed on yet but the bank (Owners lender) is in the process of foreclosing on the property.  The owners are behind on payments and the bank has started foreclosure proceedings.  the owners may or may not be doing a short sale. If the owner does a short sale (asks the bank to sell for short of what they owe) the property will be listed with a local Realtor to complete the transaction and can take months to complete. I hope this helps   

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