 Why are estate agents such idiots? |
| I've only just started looking at getting my first place and i can't believe how hard it is to even see a place. They either dont answer emails, dont call you back or just don't even ... |
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 Is there a "Lemon Law" for houses? |
| I bought a house two months ago. My home inspection turned up a few items and the seller fixed those items. In the state of North Carolina, you cannot sue a home inspector. It's even outlined ... |
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 What does this mean? |
| What does it mean when looking at a house to buy and it says on the listing single family house attached ? And what does it mean if it says the same thing but detached?... |
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 Despair for first time home buyers? |
| What are first time buyers supposed to do in this climate of over-priced houses?... |
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 Do many people who buy a house, sell it for another , a few yrs later? |
I wanted to know how many people who buy a house, stay in their first house, or go on to sell it and buy another. OR do people build first, never thinking of buying?
Additional Details
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 My son and I are joint tennants, I hold the mortgage alone. He has abandoned the property, what can I do? |
| I would like to keep this land, and my son will not communicate with me (blame the wife who is not on the title or mortgage). Is there a breach of contract or some other legal recourse to remove him ... |
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 New Landlord seeking advice on how to deny a pushy potential-tenant!? |
| I am renting a house that is available at the beginning of next month. I have showed it to several people. BUT this one guy keeps calling and wants to give me wads of cash "now", wants to ... |
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 The house I'm renting is being foreclosed on. Do I need to clean when I move out? |
| The house I'm renting is being foreclosed on. I'm in the process of moving my stuff out. Normally I'd clean the the place to leave it as good as new. Should I still give it a deep ... |
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 What happens if an owner of a house dies and has no will? |
| what happens to real estate property when someone dies and has no will? My mother passed away and theres a house just sitting there, my sister moved in, and i was told theres a lean on the land from ... |
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 I was just offered an exclusive real estate deal? |
| It's for Ocean front property in Arizona. 50,000 acres, undeveloped for $5,000. Should I take it? It's a great deal right? That's like ten bucks an acre for ocean front land!... |
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 Apartment question? |
| I put a $100 deposit down to hold an apartment. I got the apartment. I want to know if they will deduct the 100 dollars from the first months rent and the security deposit?... |
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 I live in Maryland. What happens if you landlord evicts you for not paying your rent.? |
My landlord evicted me for not paying my rent for April, but I have proof that my rent was paid for April on March 25. What type of lawyer do I need.
Additional Details
No my rent was ... |
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 Is my landlord trespassing? |
| Long story short, I live in Los Angeles. I presented my 30 day notice but I moved out fast leaving my place empty for 15 days. The management company called me to see if they could have the painters ... |
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 Is paying 350 per month for a room expensive? |
| I'm planning to move in with a friend and I get a room in a big house for 350/month includes electricity water, etc.... |
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 "Eviction is such a harsh word"? |
| I am a lady in my 60's and many years ago I purchased a house next door to my house. It has been rented to a nice family for about 10 years. Now I want my best friend to move in next door to ... |
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 How can I evict a person, they own their doublewide, but they rent a space on my property? |
| The owners of the doublewide, rent a lot from us. We have sent them letters, had the sheriff serve them with eviction notices and they still have not made a move to leave. We are in the state of G... |
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rayswizzy | Can I submit offers on more than one home, if I only plan on buying 1 home? |
I submitted a offer on a bank owned home, through my Realtor, that has received multiple offers. I am not confident that I stand a chance, plus I have seen other houses for sell that would be a great second choice. Can I submit offers on other homes for sale and simply close on which ever seller accepts my offer first?
Once a seller responds, would it be unethical to cancel all my other offers to the other sellers? |
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Mr Placid
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Actually, an offer itself is meaningless. It only becomes meaningful when it is accepted by the seller. Once the seller accepts, a contract is formed, and you become contractually obligated. If you back out, you are responsible for breach of contract damages.
However, you may withdraw an offer anytime before it is accepted, regardless of whether or not you place an expiration date on it. Even if you put "expires June 10," you can withdraw it on June 1 if you want, as long as it has not yet been accepted. So, if you want to play the multiple offers game, be sure you timely withdraw all your offers once one is accepted. Also, make sure you place a clause in your offer concerning how it may be accepted. Unless otherwise specified in your offer, the acceptance becomes effective once it is sent, not when you receive it. Talk to your agent for effective ways to do this. |
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Yenmor
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I think you should ask your realtor. If your offer is accepted by bother sellers, you could be in big trouble.
If you decide to do it anyway, it would be unethical not to cancel all your other offers to the other sellers.
My suggestion to avoid this problem would be to put short expiration dates on your offers.
It is a buyers market. I am sure you will find something you like soon. |
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lightfootspirit
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When you submit an offer you are making a contract. If both sellers accept your offers you are obligated by law to buy both homes. Your Realtor should explain this to you. |
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Landlord
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This is not an ethics question, but a legal one. You are signing a legally binding contract. Once it is accepted you have to buy it or pay for the trouble you caused. You can not simply cancel them.
Find another realtor, yours is a moron. They should have explained this to you. |
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Chris
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Lightfoot has it right! However, once you submit the offer, your realtor should advise the selling Realtor that time is of the essence and that your offer will expire ___ days from today - along with the contract -
Once that deadline passes, you are free to make a new offer - however - if the offer is considered by the first bank and they counter sooner than that deadline, and you decline or don't want to counter back, the offer is dead |
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SugarCube
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If you make an offer on a property and it has NOT yet been accepted by the seller then you can withdraw your offer (always do everything in writing and get it signed by all parties). So if I were you...I would withdraw the offer on the bank owned home thru your REALTOR and make an offer on the other home you want. Otherwise...be prepared to buy two homes if you have two offers out there that are still pending.
Good luck! |
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!!!
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The offers would need to be structured so that they expire 1 after another. |
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Thallasa35
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no, I wouldnt do that..If they accepted your offer than you have to follow through most likely. They only have a few days to let you know. If you do not want it, withdraw your offer asap.. |
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Sara
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No, you can't submit more than one offer at once. An offer is a legal contract, meaning if the seller accepts your offer, and the terms are met, you have legally just bought that house!
Now imagine if several of your "offers" are accepted all at once... you just bought all of those houses, too!
Wait until an offer is rejected before deciding whether to make a new offer on it or move on to a different house. It may seem more time consuming, but you wouldn't want to end up stuck paying for more than one house! |
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megamom
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The real estate laws are different in every state. The banks typically take their time in responding to offers submitted on the property. You can submit offers on other properties, however, if your offer is accepted by the bank and your offer is accepted on another property, you will have to "weasile" your way out ....proceed with caution! |
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shiprepairwoman
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Contingencies like the second is contingent on not getting the first. Then you can simply not buy the second. Otherwise when you make an offer with earnest money you lose the earnest money if you don't complete the deal.
Contingencies like must pass inspection by your certified inspector or must appraise for some amount or contingent on you getting a mortgage can make it pretty easy to get out of a deal.
It isn't ethical to have them take the home off the market if you don't plan to buy it, You can do things like making counter offers giving them a couple of days then counter their counter offer after a couple of days to drag it out but might lose the deal. |
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