When sell home why reqd. to give immed. possession or pay prorate of buyer’s mortgage?
Tag Archives: buyer
Can we keep buyer depost and sue appraiser?
We sold our house about a month ago. The buyers were non-contingent. They have signed off on everything except the appraisal. Our house is 3133 square feet and county records show that. The appaiser says it is only 2864 square feet and did not measure the house. He is basing it off of comps in the neighborhood. We have an extra room that those homes don’t have. The house appraised for the purchase price, but the buyers might back out because they think the house is smaller than what was listed because of what the appraiser is saying. Are we entitled to the buyers deposit? Can we sue the appraiser for giving out wrong information which resulted us in the loss of a sale? The market has dropped since we sold and there is no way we can come close to getting another offer like this.
Thanks to everyone who responded. It turns on the appraiser was WRONG. He came back, not very willingly, and admitted that he missed an entire room and not the room we thought. We are still trying to figure out how you can walk past this particular room and assume that it is not part of the house. The thing that irritates me the most is he claimed, I don’t get paid to come back a second time. Well, if you do your job right the first time, you wouldn’t have to come back. I know mistakes happen, but he was so adamant that he wasn’t wrong, even when we were providing all the facts that he was. Sorry for the vent! This is a very stressful time.
Posted in Homes For Sale
Tagged appaiser, appraisal, appraiser, buyer, comps, contingent, County, depost, everything, extra room, house, month, neighborhood, square feet
Mortgage Questions for 1st time home buyer w/ 600 Fico score.?
My parents want to sell their house and travel. I want to purchase the house from them. They will sell it to me for $80K and the house is valued at $250 +. I would like to get a mortgage of about $120 – 150 K so I can do some repairs / fix up to the house. What are the downfalls of doing this? and what penalties will there be for this type of sale? Your answers are appreciated.
Posted in Homes For Sale
Tagged buyer, FICO, fix, Home, house, mortgage, mortgage questions, parents, score, time, time home buyer, Travel, type
Need help putting together purchase agreement for a house. For sale by owner. How do I create?
I am the buyer, seller has to net a certain amount. The house is worth more than we are paying. We are required to put 15% down. Looking for a creative way to write up the contract where the seller nets what he wants and we can minimize downpayment.
I just looked at a house for sale by owner/investors rto 4000.00 down 850.00 a mo 50.00 towards equity monthly
It sounds to good to be true and i am a first time home buyer so i am very nervouse… It is a brick home over 2500 sq ft w/firplace 4 bdrm 2 ba. what do you think??? What do i need to look out for??? thank you!!
Posted in Homes For Sale
Tagged ba, Brick, buyer, equity, first time home, first time home buyer, Home, house, house for sale, investors, nervouse, owner, rto, sale, sq ft, time, time home buyer