All Forum Posts by: Tiwana Merritt

@Stone Saathoff thanks! The comps are good and it’s a good deal. I do think I’m suffering from ‘cold feet’ and it’s complex with Covid and me out of the country. Even to get the docs notarized is a challenge and I’m not even sure if I will be able to get them to the States once they are signed! It’s all just sounding too hard but I guess worth fighting for if I want the long term gains...

@Jake Roland thanks for that! All makes sense and is now clear to me. I wish I had put a time stamp on it...

Be well!

Hoping one of you can give me some advice @Jerry Lundergard @Account Closed

:) Please!!!!

Hey I basically want to know if I have to wait until the closing date to state that I am no longer interested in purchasing the home because the inspection was not satisfactory. An initial inspection was carried out which showed many areas that needed repairing, replacement and overall attention. We both agreed to an amendment of the contract based on the sellers willingness to carry out the needed repairs. The home was reinspected before the closing date but was still not satisfactory. When I inquired about pulling out of the contract due to the failed inspection I was told that technically the seller has until the closing date to meet the terms of the amended contract. Is this true? It is now 2 days from closing and the home has not been reinspected and as far as I know from the inspector no inspection has been requested. I found out that the seller wants to try to keep my earnest money and get me to back out of the deal. What should I do?

@Blake Choisnet I have an inspection on Monday so I’ll see what he says. I already did a virtual walk through with the agent. It looked pretty good from what I could tell. Also solid brick home, pretty standard 1960’s model with the 3 bedrooms, 1 bath. The most thing I’m concerned with as the shape of the roof. There is potential to add another bathroom and he kitchen could use some updating. But the price is just under 60K and about right for the area. Even got to speak to the owners. They were house proud and only moving because it’s now too small to fit their family of 4 after 11 years of ownership. I have a good feeling about the place but also want to be smart and invest wisely. Thanks for your help!

@Jerry Lundergard thank you for the advice!

What else should I being doing aside for an inspection for due diligence? I only have 10 days to complete this and I'm purchasing from overseas on an investment property (SFH). Any advice?

Doing my first deal in the States in a small community. Sellers have their heart in the deal and wanting more than anyone seems to be willing to pay.

Asking price is 59,500 and I offered 55K. They came back with counter offer of 58K. House on the market now for over a year (they were asking 64,900) and all offers so far have been very low (maybe 50K or lower). Other homes similar in that area have gone from 78K right down to 45K.

I don’t want to pay over 56K as I want to keep my payments low and use the extra for points to get the interest rate lower (currently 5.25% with 20% down due to investment property).

Do I just suck it up and meet their offer or wait them out (apparently they have another offer)?

Potential rent is $800 a month, neighborhood seems decent, did a virtual tour with my agent and even spoke to one of the home owners.

In these uncertain times I’m wondering if the market will go up or down. Location Georgia.

Oh what to do!? Trying to get myself out of paralysis so I thought a smaller, more affordable home the way to get there.

Any advice?

@Jennifer Pauyo newbie and living overseas but do have one property in the states and one overseas. Trying to learn and earn! So glad there are more women out there contributing so now we all know we’re not alone. Let’s work to build each other up.💪🏾

@Nicole Heasley do it!