All Forum Posts by: Steve A.
Steve A. has started 13 posts and replied 49 times.
Post: buyer changing names on purchase agreement
- New York City, NY
- Posts 51
- Votes 6
John, we're in total agreement!
Thanks
Post: buyer changing names on purchase agreement
- New York City, NY
- Posts 51
- Votes 6
Originally posted by @Wayne Brooks:
I assume you agreed.....subject to buyer’s credit/income approval. Adding someone for credit/income reasons does not mean they have to also be on title, it’s your choice. Most people wanting seller financing of course don’t look good on paper.
If this is an owner occupied loan, talk to an RMLO....you may have Dodd Frank/qualification issues if you ever need to foreclose.
Make sure you check for any outstanding liens/judgments on any financed buyers....as those judgments/liens, if recorded, will be superior to your loan, in most states.
It's looking more like that last line you wrote is the case. Other judgements are already queued up. Too many red flags.
Post: buyer changing names on purchase agreement
- New York City, NY
- Posts 51
- Votes 6
Originally posted by @Bill B.:
You have to sign off on any changes, usually with an addendum. I ASSUME you have a copy of the contract with just one buyers name and an expiration date.
Thank you! I do have a copy with just one buyers name.
Post: buyer changing names on purchase agreement
- New York City, NY
- Posts 51
- Votes 6
In Washington state a buyer made a written offer on property and wants seller financing. After we accepted the offer the buyer refused to have credit, bank or employment checked (red flags). Now buyer is offering to add a relative to the deal who is supposed to have good credit.
Question: Would this be a new offer with the two names of buyers? or can they write in another buyer's name? Can I insist it be a new deal?
Post: i misposted and need to delete
- New York City, NY
- Posts 51
- Votes 6
Help I posted a detailed reply that should not have been put up in a public post.
it was over 15 minutes when I realized my mistake, please delete my reply.
Post: Best way to get FSBO listed on the MLS
- New York City, NY
- Posts 51
- Votes 6
Hi all, I am selling a Lot (listed on Zillow / Trulia) and want to get more exposure via the MLS (NWMLS).
Could anyone recommend a "Flat Fee list on the MLS service" in Washington state? Any success stories?
Most of the places I found are the nationwide services that refer to a realtor in specific states. I found one based in Washington, but don't see any reviews online. While the price is right, I'd like to see if any of the folks here have a recommendation.
Thanks!
Steve
Post: How would you sell this land in Seattle area?
- New York City, NY
- Posts 51
- Votes 6
Thanks Patrick, being that it's an empty lot (except for the mfg home), there's not too much to photograph but I'll ask about adding more photos.
Post: How would you sell this land in Seattle area?
- New York City, NY
- Posts 51
- Votes 6
@Brian Side yes the property is buildable. The person who had expressed serious interest did several tests and it was good to build on.
It's in Woodinville and listed at $238k
- 9583 sq ft lot
- Manufactured home sits on property
- Water and electric
- Septic
- MLS# 1344586
Thanks for taking a look!
Steve
Post: How would you sell this land in Seattle area?
- New York City, NY
- Posts 51
- Votes 6
If we stick with a realtor there isn't room to lower the price without selling at a loss. Which brings up my question of Flat Fee and For Sale By Owner (keeping in mind I have no experience selling a property and we're out of state).
If we sell ourselves it does give us room to lower the sale price and still at least break even.
Post: How would you sell this land in Seattle area?
- New York City, NY
- Posts 51
- Votes 6
Thanks Wayne, for now it is with a local realtor on the MLS.