Skip to main content

New house I'm buying has issues, before closing date..

Hi guys, i'm buying a house in mason, ohio and my agent had offered me to come see the house one more time before signing the Title papers on Sept 1st.

While looking around the house earlier today i noticed the basement wall has a pretty big water leak stain (i forgot the word for it, but its yellow and about 2 feet long).

this is my first time buying a house and i have no idea what to do... im also having big issues with my mortgage company, they're the main reason the closing date keeps being delayed. originally i was supposed to move in to my new house on the 27th, but they moved it because apparently underwriting had not sent the final approval which i understand but my loan officers assistant brought up if i it takes too long then they will have to completely terminate the contract (which isnt my fault, ive given them all of my documents ?XD).

my agent is aware of this and she said she will speak with the realtor and see what the seller can do about it.

im so upset and frustrated about this because i haven't moved in yet and the house already started to disappoint. im also new to the state (ohio) and it seems to rain here alot, like pour buckets from the sky.... if the house is in that condition i have no idea what will happen in autumn or winter.

any agent that could help me out? or give me an advice?

submitted by /u/DigBickLeo
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/pet06s/new_house_im_buying_has_issues_before_closing_date/

Comments

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...

Obtaining a real estate license as a hobby?

Hello, I am 24 years old - 2 years out of college and I have my main job. I was looking to get a real estate license (in California if location matters) as a hobby/for fun since I like real estate ever since I was in high school. In the past 2 years, I would go to open house in the weekends to look at homes for fun. I don’t plan to practice real estate full time as I have my main job but I am curious are there any benefits to this? In the future, I plan to own multiple properties and have rentals, so I was wondering if getting a real estate license can help me with it? Thanks submitted by /u/AlohVera [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1f0qx9i/obtaining_a_real_estate_license_as_a_hobby/

Advice? Moved out of my primary residence and now renting

I moved out of the house I own in August 2021, I lived there for 8 years, I have been renting an apartment the past 3 years and renting out my house. My current tenant is moving out in September. I seem to have just missed the living 2 years out of 5 years rule for being exempt from capital gains tax and my house being a primary home. Any advice on what the best thing to do would be moving forward? Continue to rent out my house? I'm happy with my rental, but wouldn't mind buying another property down the road. I could sell my house down the road and try to do a 1031 exchange? Moving back in my house isn't ideal because it's an hour away from where I currently live. I could take a HELOC perhaps and try to buy another property and continue renting for the long term? I do have a 2.4% mortgage rate on the house so I don't mind keeping it for a while. Thanks for everyone's advice. submitted by /u/Ok-Top-7859 [link] [comments] source https://www.reddit.co...