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All Forum Posts by: Chris Sweeney

Chris Sweeney has started 3 posts and replied 261 times.

Post: Advice on extending buyer's loan contingency

Chris SweeneyPosted
  • Real Estate Investor
  • Austin, TX
  • Posts 271
  • Votes 106
You need to get the real dirt on the loan status. These days some lenders take forever so it would be too bad if the deal will go down and you cut him loose just for a slow lender. Find out if the appraisal is done, buyer has good credit, buyer has the cash to close, etc. See if the buyer will get pre approved with a lender of your choosing too move forward with another extension. In that case if your lender says the loan won't happen you can cut the buyer loose. You can also try and get more earnest money and some of it released to you from title. That way if the deal doesn't happen the money is not stuck at title for you guys to fight over.

Post: Hutto market thoughts ?

Chris SweeneyPosted
  • Real Estate Investor
  • Austin, TX
  • Posts 271
  • Votes 106
I agree but the schools are lousy. People will pay more for Pflugerville ISD.

Post: looking to skirt the banks and get back into rentals Austin TX

Chris SweeneyPosted
  • Real Estate Investor
  • Austin, TX
  • Posts 271
  • Votes 106
Talk to community banks there may be a portfolio lending option. Also consider private money. There's also subject to deals to consider. The BRRRR is something else to think about.

Post: Does anyone have a good Austin Handyman for condo fix up

Chris SweeneyPosted
  • Real Estate Investor
  • Austin, TX
  • Posts 271
  • Votes 106
I know it's a more established handyman but Mr Handyman out of Lakeway was fair with hourly rates that are reasonable. Also bonded and insured so I didn't mind them 30' in the air patching siding.

Post: New Agent, New Listing. No idea what to do. I want to learn.

Chris SweeneyPosted
  • Real Estate Investor
  • Austin, TX
  • Posts 271
  • Votes 106
Check out Lands of Texas. No need for multiple posts on BP for the same question. Best of luck.

Post: I have 7 vacant, waterfront, large acreage lots: What do I do?

Chris SweeneyPosted
  • Real Estate Investor
  • Austin, TX
  • Posts 271
  • Votes 106
Wow. Do the comps support the prices? You might find a custom home builder looking for some lots. Search new construction on the MLS and you might find some builders.

Post: Inspector recommendations in la county?

Chris SweeneyPosted
  • Real Estate Investor
  • Austin, TX
  • Posts 271
  • Votes 106
Check out the American Association of Home Inspectors. They have a directory to find a well qualified inspector.

Post: Home Inspector Problems?

Chris SweeneyPosted
  • Real Estate Investor
  • Austin, TX
  • Posts 271
  • Votes 106
It sounds excessive. Maybe wait for the request for repairs list as fixing everything is ridiculous. If he already sent it ask him given the age of the home what's important to him. I like to give credits vs fix as you may find more issues fixing stuff along with the pain of fixing stuff. I told many clients that it's an old house so safety issues are a priority. Buyer may tell you that you just inherited 60 pages of disclosures if you tell him to pound sand but if he's just trying to shake you down for a massive price reduction let him walk. Likely the guy drove 60 miles to put together a big, scary report for the buyer.

Post: I want to sell my house on my own, NO REALTOR

Chris SweeneyPosted
  • Real Estate Investor
  • Austin, TX
  • Posts 271
  • Votes 106
I'd give this more thought as you will likely lose more on your own than with with a listing agent. I've done flat fee listings for my own homes but I know the business and work my side of the deal. A buyer's agent is looking at doing extra work holding your hand and they may want to sell another home in order to avoid having to do so. Consider these options: Talk to some agents about a move-up program where they cut you a deal on your listing to earn your business on the buy side assuming you are buying another home locally. There are flat fee brokerages that offer a menu approach so you only pay for the services you want. You can negotiate with a full service listing agent to represent your side at a discounted price. It's not rocket science but without some basic knowledge you're bound to compromise the marketability of your home and/or the pool of buyers.

Post: Carpet Choice in Rental Apartments

Chris SweeneyPosted
  • Real Estate Investor
  • Austin, TX
  • Posts 271
  • Votes 106
Check out vinyl plank. It's pretty cheap, looks nice, durable and doesn't have the water issues hardwood has.