Skip to main content

Seller wants us to take over solar panels loan

We saw a house today. Built in 2001. But because I’m in love with the layouts of back then. I love close concept vs new open concept homes.

It’s a decent amount of square footage, pool and a it’s a waterfront property.

Beautiful home. But seller has 30 + solar panels on it. He still owes 70k on them with 17 years left. And monthly payment is $420.

House has been on the market for a while and husband just looked at me and said “no wonder.”

As soon as we walked in, our realtor got a message from other realtor telling him seller knows that amount can’t be rolled into the mortgage so he either wants us to take over loan & pay $420 a month or increase price by 70k

But let me note, that information is nowhere to be found on the realtor website. So people are going in thinking they will be just paying for the selling price or lower if negotiable. I feel like it’s a false advertisement to some degree.

I’m so bummed. I absolutely loved that house but if we increase the price of home by 70k that would make it a half of million dollar home and there is no way that house is worth that much. People here are buying new constructions for way cheaper.

Any suggestions? Or any stories that ended positive? I’m afraid this seller might not budge.

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

source https://www.reddit.com/r/RealEstate/comments/1ewqhu5/seller_wants_us_to_take_over_solar_panels_loan/
Labels:

Comments

Post a Comment

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
1 comment
Read more

Fast Rising HOA Fees on NYC Condo, No Budget Provided

My wife and I are first time homeowners and could use some advice on a situation we've been having with our management company and Board. We bought a condo in Brooklyn two years ago, and since then our HOA fees have climbed dramatically. In August of last year, our fees were increased by ~30% and just yesterday we received notice that this new figure would be increased by 16% as of June 1st. The by-laws for our building state that ten days before such a change goes into effect, the Board must provide unit owners with the itemized budget upon which the new numbers were based. This didn't happen last year, and when I asked the management company about it, they just kept vaguely insisting the Board had done due diligence. After I kept pressing, they finally sent a budget that was several years old, so obviously not the one that the new numbers were based on. When I asked the management company for contact information for the Board to get further clarification, I was told that th
Post a Comment
Read more

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/
Post a Comment
Read more