Brendan Francis
Is our potential condo purchase a good deal?
Our agent is telling us that if we offered $400k for this condo, it could be viewed as disrespectful and damage negotiations from the outset (he would prefer offering $415-$420 and moving up from there if there is a c...
Jeff Scholen
Bank 90 day restriction on resale
The bank placed a clause in the warranty deed that restricts the resale of the home we purchased for 90 days above a certain amount. Anyone know why they would do this? This was a short sale.
Jennifer Williams
Short Sale & I didn't know it
Recently made an offer on a house that my realtor showed me, it was a listed for $140,000, then dropped to $120,000 (as a normal listing). Made an offer of $90,000 because it is sitting vacant, and not in as desirable...
Eddie Vang
Issues with a Closing
Hi BP, I need some advice on what steps to take. I feel like I am getting screw here. The story goes, I made an offer on a Foreclosure property and the week before closing (Oct. 31) I asked my agent (Monday, Oct 24) t...
Nicholas M.
Bidding War - FHA vs Cash
FHA vs Cash Buyer
2 Family home for sale close to NYC. There are multiple offers on the house. 2 stand out. One buyer is coming with just shy of 40% down and the 2nd offer is bidding 30k more on the home with 5% do...
Amy Kircher
Is this a good deal?
Old house purchase- duplex, is this a good deal?I am looking at purchasing a 100 year old house that has been turned into a duplex. Asking price is $89,900 current total rent with tenants placed is $1,400. The tenant...
Michael Farney
Hello from Chicagoland!
Hello everyone!I am hitting the point of life to get my first place, and I was originally going to get a condo or something suitable for a primary residence. I'm 32. However, I recently shifted my thinking towards in...
Wilson Bunton
Fannie Mae Violating their own rules?
Hello all,So here's the situation, my wife and I have found a home that we would like to occupy and do a sort of live in flip, however we fully intend to live in the house for at least the next 2 years.The home is a F...
Jennifer Petrillo
Potential buyer of flip house wants granite
Deep into Flip #4, potential buyer walked by this weekend and came inside, loves the house, called us today to say she wants it but...she wants granite countertops. Currently the countertops are off because we had to ...
Mitch Bernstein
Negotiation Advice
Hi All, I'm negotiating the price of a lot through the realtors (buyers and sellers agents) and have a tight budget. Typically its seems that the offers and counter offers go in rapid succession the same day. Howeve...