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Is it normal for a buyers agent to write N/A for her commission on my agreement?

Im about to go tour some new construction this weekend and the realtor Ive been working with just sent over the buyer agency paperwork with N/A listed where her commission percentage should go. It makes me nervous because theres no actual number on there, even though I get that nobody knows yet exactly what the builder will offer to pay her. Im trying not to panic about signing forms I dont fully understand, but Id feel a lot better with a real figure written in instead of N/A. Is this actually a normal thing agents do, or should I be pushing back before I sign?

9 Answers

Does signing closing papers early give buyers the right to move in early?

Were closing on our house on the 24th, but our title company had us sign our closing documents a few days early since were moving out of state right after. We wont actually be out of the house until Sunday though, and our temporary housing doesnt open until the 24th, which is the whole reason we agreed to that date in the first place. Now our agent is telling us that because we signed early, the buyers should be able to move their stuff in over the weekend, before the actual closing even happens. We really dont want boxes or furniture showing up in our garage before the sale is final, and honestly Im not comfortable with anyone besides us having access until it closes. Im trying to figure out if signing our paperwork early actually changes anything about when the buyers get possession, or if our agent has this completely wrong. The idea of driving back and forth all weekend just to avoid this mess is exhausting, so Id love to know if we actually have to.

4 Answers

Looking to rent a three bedroom home

Looking to rent a three-bedroom home. No oil for heat. Fenced-in yard. I have pets: very small, very well-behaved. I am a very clean person. If possible, a basement with a bathroom.

5 Answers

Is there a way I can sell my home but buy a home with the equity I have in my home current home?

I’m wanting to see if I can buy home with the equity I have in my current home before I sell my current home

9 Answers

Will socialism destroy the housing market?

If socialism says everyone should have housing and the government should provide that housing, doesn't that mean that the government will control the housing and pricing? Will we even be able to own homes? What will happen if socialism grows?

8 Answers

date the rate?

ok, i keep hearing this date the rate marry the house. what does this actually mean? how can i change the rate? i mean, clearly i can't just choose my rate right now or else i'd choose one way more attractive. so in the future it's not like i can just break up with my mortgage because i'm not feeling it anymore. so is this date the rate just a bunch of bs?

16 Answers

Will depreciation write-offs tank my mortgage approval?

Im self employed and made close to $120k last year, but a big depreciation deduction on a work vehicle wiped out a huge chunk of it on paper. My accountant keeps telling me my actual income was way higher than what shows up on my return. Does a mortgage lender ever add that depreciation back in, or am I stuck qualifying off the lower number?

7 Answers

Does buying a multifamily make sense with no income but $549k invested?

Im 27, still technically a student, and Ive got about $549k sitting in the stock market from some early investing but zero W2 income right now. Ive been kicking around the idea of selling off part of that to buy a small owner occupied duplex or fourplex, live in one unit, and rent out the rest. Ive never been through mortgage underwriting and have no idea if a lender will take me seriously with no earned income even with that much in assets. Some of this money is honestly volatile and I dont want to sell at a bad time just to force this to work. Is this actually realistic or am I chasing something that isnt going to happen for someone in my situation?

5 Answers

Can I get out of a house I regret buying before my loan lets me rent it?

I bought a house about a month ago and almost immediately started regretting it. Wrong location for complex reasons and now I wish Id looked at a rural cabin instead. My loan is 190k with a $1500 payment and I still have 70k in the bank. The problem is my mortgage wont let me rent the place out until Ive lived there a full year, so I cant use rental income to qualify for anything else. Selling now means eating closing costs I really dont want to lose, and doing it myself still isnt cheap or easy. Is Airbnb my only real option here or is there some other way to use this house without breaking my loan terms?

4 Answers

Is FSBO actually worth it for a first-time seller?

Im looking to sell my first home and after running the numbers, listing it myself could save me somewhere between $12k and $15k versus using a realtor. Has anyone actually gone FSBO recently and have tips to make the process go smoother before I commit?

6 Answers