Advice Topic:
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271 questions found
Is four years too long to spend with a realtor?
My husband started a new medical practice in Rochester Ny back in 2020. So we rent a condo there for him. Our family home is in PA with 3 years left for our last child to graduate HS before I move permanently to NY. We have been working with the same realtor in Rochester since 2020 have made multiple offers over the 4 years to no avail. He’s nice. My husband likes him. We mostly find our own listings to view online, occ he sends an email with a listing. But I’m frustrated! I don’t know what to do here. We made an offer last year on a house that would work for us for full price $895,000. The seller turned down our offer saying he now wanted 1.2 million because he thought he would get a bidding war. He didn’t get any other offers, so he took it off the market. He put it back in the market this June for 1.1 million. We did not know it was back on but I feel our realtor should have known and told us. It sold a few days later for $900,000. Only $5,000 more than our previous offer! This past week called our realtor to ask about an home that just came on the market wanting to know the area ext, our realtor sent us an email back saying it looked perfect for us. He Set up a showing for 2 days later we were so excited and planned to do whatever we could to get this one. Then the next day we were notified that an offer was accepted so no showing. We were heartbroken..until my husband mentioned this area to a co worker at the hospital who said oh yeah that house is 1/4 mile or less from A Nuclear Power plant. What?? How could our realtor not know this info? We would never been ok with a nuclear pop so close to a development and not have gotten excited then heartbroken then confused here. I feel like our realtor should have told us about this before the showing was even set up as I asked about the area since it was in Ontario and not Rochester. Something def feels wrong here. I know we have 3 years left to find something but we do t want to be stuck on that 3rd year, plus me having to look everyday on Realor.com, I gave a job myself and college kids, a hs kid, it feels like I’m the realtor not him. And neither is us are getting anywhere!!
Being disabled owning a home?
I'm looking to own my own home. I am disabled and don't know where to start. Looking for help and resources to help guide me in home buying.
How do I buy a house with a friend?
My current roommate and I are renting. If we put our money together we could afford to buy a house. Buy I'm worried about buying a house with a friend. What if one of us wants to move out? Could we buy each other out? How do I proceed while also protecting myself and my finances?
Seller Never Satisfied The Repairs?
I fell in love with a house in April 2024 and never imagined I'd be in a position where I still haven't closed by June 21, 2024. My agreement of sale (AOS) was signed on April 9. My original close date was May 10, 2024. A few days before closing I was notified there were 3 outstanding permits with our city's L&I department and the property was in violation. We added an addendum to the agreement of sale stating the seller would address all repairs required by the city before closing and we rescheduled the closing date. All parties signed. Since that time, I have had closings set for May 30, June 6, June 13, and June 20 - Change in Terms agreements (CTAs) were in place for each of these new closing dates and the Seller has yet to complete the repairs according to the city's satisfaction. The city has re-inspected the property twice. I decided to pursue an escrow agreement with the Seller so we could close with funds set aside for the repairs. They promised to review it but took 1 full week to do so. I had additional redlines to their response and my attorney and I sent a new escrow proposal on June 19. My agent told me on 6/20/24 that the Seller was reaching out to the city to get more clarification on the date of final inspection for the repairs. That was over 24 hours ago and I've had no update from anyone (despite following up). The CTA for the AOS expired on June 20 at 11:59pm with all of the above in limbo. Since I haven't heard from anyone, what are my next steps? I hope to speak with my attorney this afternoon. Does anyone have experience with a transaction like this? I have been ready to move forward since May 10. I feel blindsided by these repairs and further blindsided by the fact that the seller is not making them in a timely fashion. It scares me that they are doing work and yet not passing inspections. Also, I've had to extend my rental agreement to have a place to live while all of these repairs occur. I've scheduled and rescheduled movers, cleaning crews, and handymen. I've changed insurance companies in preparation for the move (for a good home/auto rate vs. what I was paying as a renter). And I've been scheduling time off from work for the closing and the move, which ultimately has not yet happened. I am so frustrated and I am going into my 4th month of dealing with this. Now that the agreement of sale has expired, what are my options (if any)? Do I walk away and leave my earnest money deposit on the table? Or, do I decide to pursue a lawsuit for the Seller's negligence/breach of contract? This has cost me so much, not to mention several interest rate extensions to maintain my current interest rate with my lender. Those extensions also come at a cost. Thanks in advance for the insight.
Should I use my max pre approval amount?
Should I use my maximum mortgage pre-approval amount to buy a home? Homes are expensive and I'm tempted to use my max pre-approval amount, but it's much more than what I expected and I'm nervous about the monthly payments. However, I also want to be able to purchase a home.
best way to buy my parents a house and they pay ?
How can I help disabled parents out and buy a house that they could pay mortgage payments on or pay payments to me with out having to charge them fair market value or major tax issues for me. There credit isn’t great and they are elderly and on a fixed income, trying to figure out best way for both of us
Is a bigger down payment better for seller?
Is a bigger down payment better for the seller? If so why? Why would the down payment make any difference as long as they're getting paid?
How do you know if you're paying too much for a house?
How do you know if you're paying too much for a house? I know that the housing market is crazy right now, but I don't want to overpay. I
Can a buyer represent themselves in a home purchase?
Can a buyer represent themselves in a home purchase? I know FSBO is an option, but what does that look like for buyers? And will the selling realtor let a buyer into a home without an agent?
What are signs that an area is declining?
What are some red flags or signs that an area is declining? What should I look at to get a feel for the neighborhood and get a picture of what it will be in 10+ years?
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Contributing Real Estate Professionals
Amanda Courtney
REP Realty Group
Barrett Henry
RE/MAX Collective
Jason Craig
Coldwell Banker
Chris Yochum
Dickson Realty
Julianne Clark
Charter One Realty
Lisa And Greg Harris
eXp Realty, LLC
Marty & Abby Champagne
RE/MAX Market Place
Josephine & Raj Sharma
Legacy Homes Realty
Phong Tran
Real Broker
Aaron Sims
Berkshire Hathaway Home Services
Steven Hunt
Real Broker NY LLC
Lynne Pruell
Realty 100 LLC