All Forum Posts by: Lenna Groudan

Hello,

We just bought a house in the Historical District in the Heights in Houston which need a major rehab/addition. We are looking for an architect who has done this in the Heights before. If you have a rec, please send it our way. We really appreciate it. Thanks in advance. 

Hi All,

   We are looking for a flat fee listing service in Houston to sell our primary residence as well as potentially some of our flips.   

Please let us know if there are any folks in Houston and whether you have had a good experience.

Thanks!

Hi - we are going to be doing around 1 owner financed home a month in Houston - hopefully more in the future.   These are generally subject-to homes with a wrap to the new buyer.  Nothing sketchy.  No balloons, no variable rates.   Generally 30yr fixed with rates between 6.5% - 9%.

We are looking for an RMLO to help keep us compliant.   We'd like to be able to have a discussion around an affordable win-win partnership model to originate all our loans.

Please let us know if you are interested.   We are looking for someone based in texas although it is not necessary to be in houston.

Absolutely not!   we do not have an new buyer lined up and we understand our commitment to the existing realtor.  If someone they brought to us ends up buying the house we would owe them, and happily pay them, the commission.

Thanks Russell - completely fair.   I guess one of the problems is how to know whether they can or will close.   How long is enough, etc...    

Thanks for the direct feedback - we want truth not just what we want to hear!   We are not trying to rip anyone off and were ready to honor the contract but we are also trying to do what is best for us financially.

We are working with a small 2 person broker/agent real estate firm. They found the buyer via their MLS listing. The buyers had their own agent.

 Just to be nice - we had no desire to harm the buyer for an issue caused by their lender

 The only other "color" is that we actually had identified a better exit strategy for the property a few weeks after we signed the initial contract.  However, we signed a valid contract and were prepared to honor it.   We even extended it once for 8 days (that is what they asked for).  I  think the realtor feels like we should have kept extending and it would have ultimately closed.   Maybe it would and maybe it would not - it was not clear to us.   Honestly, that is the full disclosure. 

 Hi Michael.   Yes - it expired yesterday.   

The timing was:

- Original Contract had a closing date of 12/23/15

- We signed an amendment to move closing date to 12/31/15

- Listing agreement expired 1/4/16

We did not get the notification from the realtor that they wanted their commission until AFTER we said we would not extend our listing agreement with them.   They knew on 12/31 that we were not going to extend the contract and we were going to return the earnest money.  

 Thanks Wayne for your fast response!

It is coming from the agent, at least as far as I can tell.   I think they believe that if we extended again that the buyer would be able to close.   It probably is the lenders fault and we feel bad for the buyer but we have to protect ourselives.   We immediately refunded their earnest money.