July 2024 Market Stats
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I truly only need 3.5% down for a home purchase (primary residence), with an FHA loan?
I’m very new to home buying obviously and this will be my first home. I’m in the infancy of looking and researching. I have a 780 credit score, my only debt is $7,000 loan for my MBA (payment is less than $100 each month) and I’m figuring in this current market, I’m hoping to get…
Seller damaged the house right on closing date
While wiring the money on closing dates (80% of the money funded, my realtor told me there was an issue. While the seller taking out his dryer and washer (2nd floor), there was a problem with the hose of the washer, but the seller didn’t pay attention. The water got leaked, it soak in to…
5 days before closing, seller backs out. WWYD?
Set to close in 5 days in NJ. Today our real estate attorney said the seller is backing out. Apparently they didn’t like something they saw in their new-build home (cracked foundation) so they cancelled their purchase and decided not to sell their current house. 100% of our escrow will be returned, sellers verbally offered…
MD – can an HOA be created after a property is sold as ‘no HOA’?
I’m looking at a small vacant lot in Maryland, being sold as 1 of 5 other vacant lots. They are all builder owned. The deed does not describe any restrictions regarding improvements, and the builder does not require the buyer to use him for any new construction. It’s advertised ‘No HOA.’ Is it possible for…
Buyers Complaining and Want Money After Closing
Our buyers closed two weeks ago. They had only been complaining about a smell on the basement stairs, even though the contract post-inspection only required us to clean the brand-new carpet and fix some electrical issues. Nothing about remedying a smell. The carpet cleaner they chose even said it just smelled like a typical concrete…
Do I bring my parent to go look at a house?
My husband and I both in our 30’s and both men, want to go look at a house to potentially put an offer on. Is it weird to bring my father? He’s very smart, used to do plumbing, and a great guy to point out pros and cons. Please be honest. I feel weird because…
Should we back out? Flood insurance and no permits.
We found our dream home. Great price and only 9 years old. Everything basically looks new still. Recently we found out the seller lied. He stated the house does not need flood insurance. Turns out it does. The house will be removed from needing flood insurance sometime in 2025 but there’s no solid date. The…
Realtor dumped us and I couldn’t be happier
Today my realtor dumped me and I believe it’s a blessing in disguise. Since I started working with my realtor I’ve been sending all the houses we have viewed. He only sent us like 3 houses in the entire month I’ve worked with him. Many of the stuff he’s done has been a red flag…