 I was mislead by my realtor was what they did illegal? |
| I recently entered into a contract to purchase a home. When we made an offer my realtor talked me into raising my bid because she said there was already one offer being presented at the same time as ... |
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 My apartment lease forbids installation of air conditioning units? |
| Does this include portable air conditioning units? There is no installation or change to the walls or windows. Electricity is included in my rent.... |
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 Is it possible to buy a house on benefits? |
I have heard that it is possible to buy a house on benefits, is this true?
Additional Details
My rent is £825 per month. Housing benefit pays £700 of this leaving me a short fall of £1... |
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 Are you worried about not owning your own property? |
Hi
For those of who who aren't on the property ladder yet do you worry about not owning your own home?
I worry because i'm 26 my boyfriend is 27, we have a baby and ... |
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 What rights do i have as a tenant? |
| For example: the landlord/housing association coming in to rewire house. And my decorating will be defaced. Am i entitled to compensation?... |
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 Is it necessary....? |
| My husband and I plan on starting business in real estate investments. Is it completly necessary for us to have a professional business plan written up in order to receive funding?... |
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 My landlord lives in a flat underneath me as i am not working the dss pay some of my rent? |
| if it is late or changes he waits for me to go out or come in and demards tha i sort it out stright a way some times if i turn on a tap or flush the loo he bangs on my demarnding i see him if idont ... |
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 Eviction of tenant, UK law? |
| I have a tenant whio has missed payments for the past 2 years although they do 'catch up' eventually. I presume I have to give them 2 months notice to leave. If they ignore this, what is ... |
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 Tenancy Agreement? |
| We recently took a tenancy agreement up for six months. However, our life is being made hell by a neighbour and we want to move as when we signed the agreement we had no idea that the music would be ... |
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 Removing a "crasher" from house? |
| We own a vacant house that is on the market. We let a guy stay there for a couple of months rent free for doing some very minor yard work that took two days. Now, he's partying there and ... |
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 The real estate market is pretty good right now. Do you think in a year from now the house prices will? |
| sky rocket? I would love to buy a house this year since the market is so good, but I must wait. I am worried that by next spring/summer the cost of housing is going to be a lot more expensive. What ... |
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 Buying a house at 24 and $30,000 a year? |
| Hi, everyone. I am expecting to stay in this area for atleast 5 years and I want to purchase a home instead of renting. I am a single 24 year old female, bringing home about 1700/month. I owe 1100... |
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 Does the government in the UK provide any kind of support for young people to buy their first house??? |
| I know in some countries (like Netherlands), the government provide cheap houses for young buyers. Is this the case in the UK??? If not, is there any other kind of support that government provides ... |
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| Mortgage payment? |
If I bought a 200K home and the seller agrees to
sell it for say 180K and put 70K down payment(70K
is cash on hand) could I get a total mortgage payment for under $700.00 per month.Also My<... |
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Derrick B | My Real Estate agent wants me to write a good faith check for a house I want to make an offer on.? |
Is this common to write a good faith check,He was standing his ground and did not want to make the offer without the good faith check.Shouldn't he atleast grant my request,to see what happens,a yes or a no? |
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p_stanleyrox
 |
Typically a good faith check or "earnest money" will grease the wheels of a real estate deal. it is not required, but is highly recomended. If the deal were to fall through, this money will be refunded to you. |
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intermedx
 |
This is common practice and it is called 'earnest money'. If your offer is rejected you will get your check back. If it is accepted it will go into escrow as part of your fees and down payment |
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petalsoft992002
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No its not right. You first finalise the rate, and then give a small token of committment. In case you are giving a big amount, get into an Agreement to sell with the owner right away. with all terms and conditions. |
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theshadow01
 |
It is typically called "earnest money". It is sometimes a percentage of the purchase price, or sometimes a flat dollar amount, depending on the type of sale. It lets the seller know that you are a serious buyer. If the sale goes through it will be applied to the purchase price. If the home fails inspection you will get this money back. If you walk away from the deal for no reason the seller keeps the money. |
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cafe_blue_note
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Yes. this is your earnest money or good faith deposit.
it tells the seller that you are serious about the offer. |
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whatdoIknow
 |
Usually, they want to make certain that you are serious and they don't cash the check, they just hold it. |
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cloothe
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It is not the agent who needs to see your good faith, it is the seller. You are trying to impress the seller that you are a serious buyer, not someone who is wasting their time but won't go through with the deal. So you put up some cash, called "earnest money" in my area, and apparently called "good faith" money where you live. It's the same thing. It says to the seller that you are so confident that you will buy the house if the seller accepts your offer, that you will show your money up front. And the seller can keep the good faith money if you back out at the last minute,except for any written contingencies, like a satisfactory inspeciton and your bank approving a loan. Sellers will *usually* give this money back if you back out for no good reason, but they don't have to.
When I have bought a house, I had to put up good faith money, and I wouldn't sell a house to anyone who refuses to do so. It suggests that they have so little cash available that they might not even get approved for a loan. |
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laytonio
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They all want some kind of check to make sure you are serious- sometimes, if you withdraw your offer they will give the check back, even if they do not have to. |
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correrafan
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It is usual to write a good-faith check. Do it only if you are serious about the house you want. If you change your mind on the deal, you forfeit the money. |
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Hollli
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Yes this is a common practice. Most Realtors want to know that you are serious and the buyer wants to know you are going to go through with the offer. This money is usually in the form of a check it will be held in the escrow account till you close on the house. If you make an offer on a home with out a good faith check most buyers will not except because you will be holding the property till close and can back out with no loss to yourself and they may have lost another buyer who saw the home was under contract. |
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thetoothfairyiscreepy
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it is STANDARD practice to offer some sort of consideration when making an offer. this is called earnest money, and it lets the buyer know you are serious about buying the property. although it is not required that you give earnest money when making an offer, you should do so, and offer as much as you can to insure that you are a serious buyer. and, if the seller rejects your offer, the money will be returned to you, in full. if the seller accepts your offer, you will recieve credit for the earnest money at the closing. |
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