While the recommendation of writing into a real estate contract items that the buyer wants to remain in the house is good advice, it is also problematic.
The majority of homes under $300,000 are financed FHA. Underwriters are specific that no personal property is to be appear in a contract. Therefore, unattached items such as refrigerators and washer-dryers are left in limbo.
When the sellers say items will remain and the buyers trust that they will be left, buyers are unprotected in FHA financing. It is customary in our market that appliances stay with the house, but the FHA buyer has no legal protection.
I think this should have be revealed in the article.
This post was last modified on %s = human-readable time difference 11:51 am
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
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