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What do i need to do for home puchase between friends?

We have signed a joint tenancy agreement. I want to now include a prenup but for friends. The language would be regarding splitting equity buildup, what to do for upon selling home and other additions. I will be closing in the next 3 to 4 ddays.can you advise the steps to take. Can you advise the form needed and lastly please add any additional thoughts. Thank you The property is a single story residence which we both will live in.

9 Answers

Problem with neighbors preventing sale of lot?

I have an unimproved lot that was for sale. Had an offer, but the day before closing the neighbors got into an altercation with the buyer and the buyer withdrew his contract. My agent said I have to disclose this and it is preventing any potential buyers. Is there a timeframe on disclosing problems with neighbors? I really need to sale this lot.

8 Answers

Can I sign a buyer agreement to see 2 houses?

I want to get a feel for the agent and the area before I commit to either. Can I sign a buyer agreement that allows me to see 2-4 houses with the agent and that's it? If I like the agent and area, then I'm fine committing for a longer time period. So, are there short term buyer agreements?

13 Answers

CA Buyer Rep Agreement? Buyer agrees to pay the commission?

Buyer HAS to sign the Buyer Rep Agreement AND PAY the Broker's fee before we even see the house or really know if we like the agent?

18 Answers

I got 5 acres w 2 houses, can I split the lot/houses in FL?

I bought a home on 5 acres, and later built a better house on the lot. Now I am selling but no one wants to buy land with 2 houses - price too high! So I am thinking that dividing the lot in half so each house can be sold seperately. But I do not know how to do that! Advice?

11 Answers

Can the seller of the house make you get approved again?

I put an offer on a house, and the selling agent countered with a lot of demands. One of the demands being to send over financial statements to make sure I have closing cost and so I did. I countered again, and selling agent said I needed to get pre-approved by her choice of lender after she had already spoken to my current lender. We reached out the their said lender and were told it would only be a soft credit check since I have already had my credit ran in February when I locked in with my current lender. I did the application with her choice of lender for a soft check and they asked for bank statements, w2's and paystubs. I do not want my credit ran again and get dinged. Is this allowed? and all before they even accept an offer?

16 Answers

Do l need a lawyer to buy an as is house for 3000.00 ?

My friend has an as is house for 3k .What legal documents should l be taking to the table? I am not sure of the process.

10 Answers

Why would somebody want to purchase an extra lot?

I live in a subdivision. When I bought the house, it was the last one in the subdivision but they have since built on. I ended up with a huge yard and extra lot. I get calls and texts several times a week of people asking to buy the extra lot. I don’t understand why anyone would want to buy it or how it would work. The land is now between houses. Can you tell me why anyone would want to buy an extra lot in the middle of a neighborhood?

9 Answers

How can i get out of a buyers agreement?

I met with an agent, explained I didn't want a long term agreement, maybe till school was out, as I was only looking at size, areas, prices right now. She said standard was 6 mo. I said I preferred shorter, she said it's what we agree too ( as in she and I make our own terms). I signed the agreement, ask for a copy, she said she would scan then in and email it to me. 10 days later, I'm requesting a copy again. She gave me an excuse for not getting it to me. When I received it, it said 6 mo. Not what I requested. I then questioned her and she said no less than 6 mo as that was what all their office's do. But it was to late to redo the time on it. I don't want to work with her. She will not get my listing, nor will her office. But she says I'm locked in until after the 6 mo. Which means the fall and I can't sell in the fall, it will be off season for selling a family home.

11 Answers

Should I use my friend as my realtor?

I have a good friend that's a realtor. I really like her as a friend, but I'm worried about working with her. I think it could change our dynamic and might ruin the friendship. That said, I also think if I choose a different realtor, she could be so hurt that it ruins the friendship. What should I do?

11 Answers