Answers by Keith Jean Pierre

Alicia, simply switching to an attorney won't necessarily solve the problem. How about just considering a more qualified agent? Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Ronnie, you do not "need" an attorney, but if this is outside your purview, I would suggest one. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Talia, most likely not, but speaking with a real estate attorney will get you pointed in the right direction as we do not have legal experience here. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Beatrice, you’re more than welcome to do so, but just keep in mind that it will limit the number of showings you have. As an agent who regularly represents high-net-worth clients, I have many clients who do not to provide proof of funds until they’re under contract, as they consider it an invasion of privacy. It’s one thing when you’re dealing with a $50M or $100M estate, but for a $2M property, I personally wouldn’t even entertain this idea. Just last week, I showed a $65M home and a $110M home, and neither required proof of funds upfront. Ultimately, it often comes down more to the reputation and credibility of the agent than a strict requirement. As an agent, I’m not going to show an expensive property to a client I haven’t already determined is qualified, because I value my time as well as my clients’. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Blake, you do not "need" an agent but they will still be providing value and guidance throughout the process (i.e. contract, negotiation, home inspection, appraisal, etc). Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Delphine, have you spoken with your agent to get clarity? We do not have any idea to her mindset regarding the matter so us trying to give guidance would be a fruitless effort. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Unless otherwise outlined, until closing is finalized by both parties, it is not considered a done deal. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Tammy, Zillow, Craigslist, & Apartments.com are good starts. Good luck. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Dustin, you can do a HELOC, bridge loan, or personally, I would sell your home and then do a rent back from the new buyer so you have the cash and don't have to pay interest. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Well this is not something I ever thought I would see here.

Given that interest rates have not had any significant change in the last few years, I would say the most important criteria is to make sure you are comfortable with your current payment. Hoping to refinance in the future is not an ideal mindset, especially if rates continue to remain steady, or worse, significantly rise. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Yes, a mortgage lender can often add depreciation back when calculating qualifying income for a self-employed borrower. You are not necessarily stuck with the taxable income number on your return. For conventional underwriting, this is a standard part of the self-employed cash-flow analysis. Speak with a mortgage broker who can give you an exact analysis of your situation. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Paige, the more important questions is what if something goes wrong with the property and you need to pay for an expensive repair? Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

The standard Fannie/Freddie security instrument generally has a one-year occupancy expectation for a primary residence, but there are mechanisms for exceptions/waivers in certain circumstances. Freddie Mac, for example, has a specific process for a servicer to request a 12-month occupancy waiver when circumstances warrant it. Speak with your mortgage servicer to determine your current options. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Lucia, FSBO can certainly save money, but it also comes with its own challenges. If you're not familiar with the real estate process, it can quickly become an uphill battle and potentially cost you more in the long run. Just as we rely on doctors for medical advice and mechanics for car repairs, an experienced, knowledgeable real estate professional provides the valuable guidance you need when selling a home. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Holden, this should not be a problem, agents are used to this. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Kellie, this would not be a conventional loan and even if there is an appraisal waiver, they will most likely still review the recent comparables in the area. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Selena, typically townhomes/condos are not first choice investments as rental property due to the HOA involvement and additional fees associated. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Cody, "legal research" is not within the typical scope of a commercial real estate agents duties. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

To sell a house without probate, the specific document you need depends on how the property was set up before the owner passed away. Is the property in a trust? I would suggest speaking with an attorney. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Michaela, this is not typical so there is a potential for many to have possible concern with this. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Ella, unless you are handy, a fixer-upper for your first home is probably a bad idea. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Amelia, everyone wants to try an get a deal so do not take it personally. Just simply counter them at what you think is fair. If they are not serious, they will walk away, and if they are serious they will work to meet you somewhere you are both comfortable; most likely related to the recent comparables. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Casey, joining a successful real estate team is going to be your best bet. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Melissa, there is no "standard" but I would expect anywhere from 4-7% Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Kevin, this is highly possible but without further property information, we would not be able to tell you for certain. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Dana, I would highly recommend you speak with a mortgage professional as they have much clearer insight to this and will be able to review your credit and income. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Jordan, an inspection contingency is typically common practice in most real estate contracts. Did you purposely remove the contingency? Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Speaking with an attorney is probably your next step. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Jonathan, this is definitely possible, but it all depends on what your agreement says in relation to payment default. Feel free to reach out directly if you have any further questions. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Natasha, messaging the ads on Zillow / Apartments.com is going to be your best bet. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

What does your inheritance say? If you brother is entitled to half the proceeds, I would imagine there is a clause in there relating to this. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Yes, but highly recommend not proceeding with this option. Typically, HOA fees are insanely high and the cut from the management company is significant. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

A barely cash flowing rental property is usually only held due to significant appreciation potential, but even then I would say there are better avenues with greater returns. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

This is a possibility but not necessarily the case. Typically, if you are still priced appropriately, this would be irreverent. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

This entirely depends on your family circumstances. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Janice, speaking with a mortgage broker will allow you to determine which programs you might qualify for. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Depends on what the listing agreement states. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

What has been the feedback from the showings you have received? Typically, this is a good indication that you are out of touch with the market in terms of pricing. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Bobbie, the most important thing he is, will your ex-husband be open to the real estate agent that you select? Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Grant, this heavily depends on what your contract language says and any subsequent Attorney Letter (if applicable) that revised the contract. If it is a standard as-is purchase with no inspection contingency, I would imagine you do not have cause to terminate, but this is definitely something to speak with a real estate attorney regarding. Good luck!

Not necessarily, a good structural engineer will be able to tell you what the situation currently is if you want piece of mind. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Typically agents are paid at closing unless your agreement states otherwise. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

This is not a typical "real estate" transaction. Google will be of great assistance in this regard. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Call a local real estate attorney. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Michael, the amount of time you need to wait to qualify for a mortgage after bankruptcy depends on the type of bankruptcy you filed and the loan program you choose. In general, borrowers who filed Chapter 7 bankruptcy may qualify for an FHA/VA loan after about two years from the discharge date, while conventional loans typically require a minimum four-year waiting period. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Doretha, what is the question here? Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Denise, this would entirely depend on your financial situation and personal needs with your parents. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Nolan, each possible seller is different but just a random note is rarely effective. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Trevor, this is definitely a question for a financial advisor. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States