 How much does your rent or mortgage cost you every month and what type of home do you live in.? |
| i live in an apartment in Phoenix and i pay $635.00 per month (one bedroom) i think that's pretty cheap for housing, I'm curious as to what other people shell out every month for there home,... |
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 I think I want to work in real estate, but I don't want to be a realtor. What else can I do? |
Additional Details
BTW---I did not give all those thumbs down. Not sure who Mr/Miss Cranky is.... |
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 I'm breaking my lease. Can they make me pay anyway? And how? |
| The landlord and I had a "gentleman's agreement" that the one year lease could be broken if I decided to get married within the lease, which is the case. Now they are saying I have to ... |
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 If they credit crunch has resulted in a fall in house/property prices, why is this a bad thing? |
I have noted that a recent result of the global credit crunch is its affects on the property market.
I have learned that house prices have fallen recently.
However isnt this a ... |
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 I need a 1 BR in San Diego for less than $700? |
| Does anybody know of a 1 BR apartment in southern San Diego for less than $700?... |
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 Foreclosure vs bankruptcy? |
| I have a house in CA and my primary home is in TN.What will happen if I have to forclose on home in CA, will I lose my cars? my primary home? and No I did not use anything such as my cars now or my ... |
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 Starting a career in real estate...? |
| I am thinking of starting a career in real estate. I know the housing market is in a state of decline and credit standards are becoming tight. As a result, commissions are going to take a dive for ... |
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 Question about my condo? |
| Our condo building is very nice, but the walls in the stairwell have gotten dirty over the last three years--the paint on the walls is a flat paint-basic that can't be cleaned by wiping the ... |
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 How to stop a foreclosure? |
| I was diagnosised with cancer in April of this year and have to undergo to different surgeries thus causing me to lose my income. Due to the excessive medical bills we are currently behind on our ... |
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 Help, how much roughly will I need to pay to rent? |
When I will start my apprentiship I should be earning at the least £10,000 a year but thats not including tax etc.
Me and a friend earning very similar want to start renting a flat but were not ... |
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 Re-Financing Mortgage-Why do i need a Apprasial? |
| I am comptley lost on mortgage issues. We are trying to refinance our motrage and they said we need an apprasial. Why do we need it? They said it costs $375 to get this. Why is it so much? Is it ... |
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 Mortgage loan approval? |
| When applying for a mortgage loan, and you are approved for 150k and the house you want to purchase is 130k, can they still loan you the balance of 20k (for like painting or furnishing the house) or ... |
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 Any suggestions on how to leagally irritate non paying bums to get them to leave a property? |
| They have been living there since Oct and it was actually sold to them on a land contract so in Michigan they have 90 days to get out. We received that info yesterday at court. We will lose the house ... |
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 Is it a requirement in PA that a landlord must repaint the apartment for new tenants? |
| our apartment has some major holes and exposed brick, rusty heaters,dirty carpets and yellowish stains on the celling. We just moved in, the house was build in 60th(lead paint was used); the landlord ... |
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 Does this sound okay? |
| My husband and I are looking at houses because we are expecting our first child and our little 2 bedroom house is too small! However, we do not have enough money for a down payment. So we were ... |
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 Help! Landlord wont give deposit back!? |
| I need your guys help, We've "checked out" of our unit, agent confirmed no damages etc, we have paid all our bills up etc, but now our landlord has disappeared and wont return our ... |
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Phil M | Realestate Contract: Can a home owner back out on a sale if they have signed a contract to sale? |
We have signed contract to purchase a home from an individual; They are having trouble closing on their new home and are still living in the home we have signed to purchase. If we pay the sum total in full, can they back out of the sale or refuse to take the payment? Can we pay in full and tell them to get OUT? Last I knew a signed contract upheld its own and pretty much sealed the deal; is their any legal loopholes to give them an opt out? |
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2Cute2B4Got
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They can not back out, if you both have signed and accepted the terms of the sale unless they put a contigent clause in saying that it all depended on them closingon the new home. Otherwise they have sold you the home and they must move out of the home on the agreed date, otherwise they owe rent for any days that they remain in the home. The rent will be on your terms. |
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acermill
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You cannot FORCE them to sell their property to you. You can, however, sue for specific performance of the contract which both parties signed.
If the other party refuses to show up for a scheduled closing, there is nothing you can do to drag them there and force their signatures to the closing.
Legal action will be required on your part. Yes, they are in breach of contract, but it's going to take expense and time on your part to get them to comply. Seek the advice of a real estate attorney to represent your interests. |
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Digital Haruspex
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I would think that unless there is some specific clause in the contract, such as them being unable to close on the new house, that the contract is "official" as it were and they can't back out unless they'd like a breech of contract suit against them.
If you've bought the house then it's yours. They'll either have to pay you rent or stay in a hotel until they have their new home to move into. They might be able to refuse payment if there's no specific date mentioned in the contract that says you'll be buying it by "X" date. If there is a date mentioned, and you have the money ready by then, then I assume they'd have to accept it.
Good luck! |
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beach_babe971
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every contract is different and has different terms. what ever was agreed upon on the contract is what the law will go by. any thing verbal does not count. it has to be written in the contract. ask your agent, if they breached the contract. if they did. you win. |
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Lainie L
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Yes and no.
It depends on what was stated in the contract. Was it in the contract that they would only sell the home to you upon successful closing on the new home? If so, then no.
As I say to everyone who has a real estate contract question. I hope you have a Realtor who can go through the contract with a fine toothed comb. |
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Jeffrey F
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most contract of sale will have an out for both parties. Since you are dealing with the seller needing to find a qualifying home, and then financing........it is much like your clauses where your outs are
*satisfactory inspection
*Satisfactory appraisal
*There are no issues on the disclosure
*ability to secure a mortgage
your seller most likely has similar clauses since they need to find a place of their own, there is most likely a contingency to them finding funding and their own home.
Please read your contract. If it confuses you, consult your realtor to translate...........and ALWAYS have a lawyer on retainer to review and advise on ALL contracts before signing. |
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Joymash
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Signing a contract is a part of buisiness ethics. To back out from the agreement means you are causing loss and inconvenience to the other party. Try for a compromise. Otherwise if the other party file a suit you will have to compensate. Local rules also play an important part. Consult with an advocate. |
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AE N
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Have your lawyer look at the contract, but usually no. |
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jimmy Efron
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yes he can just tell the seller ur not intrested |
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