BobAccount deleted
join:2012-07-22
New Jersey Reviews:
 ·Optimum Online
| reply to Draiman
Re: Mortgages said by Draiman:Test for a properly working heater and, if present, air conditioner
Test for a working oven hood/fan (carbon monoxide danger)
How do you test a central A/C in the winter?
We don't have a stove exhaust fan. But it's an electric stove. |
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 brianPremium
join:2002-05-02
Lake Forest, CA | reply to dennismurphy
said by dennismurphy:I was extremely lucky to have a multi-offer situation in 2011. A week after listing. Kind of unheard of these days, but it enabled us to buy our 'forever' home!
The problem is people are listing too high. The condo we just did short sale on sold for about 40% over list. We had about 20 offers in 4 days. However, if we had listed it at the final sale price, it would probably still be unsold.
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 DraimanLet me see those devil horns in the sky
join:2012-06-01
Kill Devil Hills, NC
 ·Verizon FiOS
4 edits | reply to Bob
said by Bob:said by Draiman:Test for a properly working heater and, if present, air conditioner
Test for a working oven hood/fan (carbon monoxide danger)
How do you test a central A/C in the winter? We don't have a stove exhaust fan. But it's an electric stove. FHA rules say they must mark the A/C stuff (Questions 10F through 10J) as "Yes" if it's below 60 degrees and can't test it. Typically they'll put a comment on page 5 that states the A/C could not be tested. That's a loophole for sure.
You don't need an exhaust fan in the kitchen. It's highly recommended and might be code for some places. If you do have one it has to work and vent outside. The range type makes no difference. Food smokes the same in a pan on gas or electric. 
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IF YOU FIND ANY MISTAKES IN MY WORK...Please consider that they are there for a purpose. I try to please everyone and there is always someone looking for mistakes! |
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 dennismurphyPut me on hold? I'll put YOU on holdPremium
join:2002-11-19
Parsippany, NJ
·Verizon FiOS
·Optimum Online
| reply to brian
said by brian:said by dennismurphy:I was extremely lucky to have a multi-offer situation in 2011. A week after listing. Kind of unheard of these days, but it enabled us to buy our 'forever' home!
The problem is people are listing too high. The condo we just did short sale on sold for about 40% over list. We had about 20 offers in 4 days. However, if we had listed it at the final sale price, it would probably still be unsold. Agreed 150%! We tried to list at a realistic price - enough to reflect some value of the upgrades we had done vs. the comps in the area, but not so much we priced ourselves out of market. It worked, apparently.
This is the value of a good real estate agent who knows your area well.  |
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garys_2kPremium
join:2004-05-07
Farmington, MI Reviews:
 ·callwithus
·Callcentric
| reply to dennismurphy
said by dennismurphy:said by Archivis:And that's fine for you, as a seller, but doesn't contribute to the questions the OP has as a buyer.
It does, though. Just trying to provide insight as to what may happen on the other side of the table. I wouldn't worry; everyone has to start out and, if this was their first house purchase, I'd have no trouble with it. |
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 bobrkYou kids get offa my lawnPremium
join:2000-02-02
San Jose, CA
 ·SONIC.NET
| reply to brian
said by brian:said by bobrk:My assumption is that these kinds of laws are common back east, but I have never hired a lawyer for a real estate transaction in California and know no one who has.
And now you do. We completed a short sale last month and we listed the property with a brokerage that is backed by two lawyers (one is a family friend) that review all documents for the transaction. Granted, neither we, the buyer or the bank paid anything, beyond the 6% commission, for this. We were a bit wary of using a friend for the transaction, but it was nice to have the assurance that someone was checking to make sure the bank wasn't going to screw us. Interesting. So you yourself hired them, or they were part of the brokers services? I think that's the subtlety I'm looking for here. I have no doubt lawyers are involved behind the scenes, but not explicitly hired by the buyers or sellers. |
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| reply to Bob
+1. I have used a lawyer for every house I purchased/sold in NJ, I don't think you can do a R.E. transaction without one here.
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The difference between genius and stupidity is that genius has its limits. |
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robbinPremium,MVM
join:2000-09-21
Leander, TX
kudos:1 | reply to bobrk
I hire one. Haven't bought anything in a few years but the normal charge has been around $300. |
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brianPremium
join:2002-05-02
Lake Forest, CA | reply to bobrk
said by bobrk:Interesting. So you yourself hired them, or they were part of the brokers services? I think that's the subtlety I'm looking for here. I have no doubt lawyers are involved behind the scenes, but not explicitly hired by the buyers or sellers.
The brokerage is owned/run by two real estate attorneys. My wife is friends with the wife of one of them. When they heard about what we were trying to do (short sale a money pit condo), he got us in touch with one of his agents. So I guess technically we did not hire the lawyer, but I believe we had the benefits as if we had hired one directly.
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flickr gallery | photo blog (rarely updated) | play mafia! |
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