First time home buyer, some observations.

[lifeizfunhuh]

I guess my situation is highly unusual. Although we have been pursuing the MLS for a few years now, my wife and I a month back went to see ONE spectacular home, made one offer, and are now in escrow. Go figure, but it can happen…

[sdrealtor]

Tillers
Not sure what properties you are looking at but I do as many short sale listings as any agent in SoCal and I never ask for an earnest money deposit.

[sdrealtor]

Tillers
Not sure what properties you are looking at but I do as many short sale listings as any agent in SoCal and I never ask for an earnest money deposit.

[sdrealtor]

Tillers
Not sure what properties you are looking at but I do as many short sale listings as any agent in SoCal and I never ask for an earnest money deposit.

[sdrealtor]

Tillers
Not sure what properties you are looking at but I do as many short sale listings as any agent in SoCal and I never ask for an earnest money deposit.

[sdrealtor]

Tillers
Not sure what properties you are looking at but I do as many short sale listings as any agent in SoCal and I never ask for an earnest money deposit.

[5yearwaiter]

[quote=Ren]But seriously, I ran into those issues and more. Our lot size ended up being 1,000 sf smaller than the advertised size, just because the whole tract had been given the same generic size and that’s what ended up on the records.

On a positive note, while we did see dozens of horrible layouts, we did walk into one (only one) where we instantly said “yes!” and ended up buying it.[/quote]

That’s why I mentioned in the past our home buying/selling system is not really defined responsibilities of “Realtors”. Except they charge some % dollar amounts I never saw that they took full responsibility of listing details. In the 14 page sign documents also they push all these actuals must be our responsibility while purchasing. Still I didn’t understand why the heck a seller need to pay around %% to the listing agent. Is that due to something a listing agent somehow getting arranged to sell the property (even with fake measurement details in the listing). I personally feel there must be mandatory code should exist like “someone should come into serious responsible act” when this kind of details listed. Also today everything is possible via internet to publish the real details and real records. To avoid such fake listings the code must be detailed at the listing time one should publish the real data from the records. Don’t know why not make all such as a mandatory law – though we had already mess-up enough this housing system with ignored mortgage laws in the past.

[5yearwaiter]

[quote=Ren]But seriously, I ran into those issues and more. Our lot size ended up being 1,000 sf smaller than the advertised size, just because the whole tract had been given the same generic size and that’s what ended up on the records.

On a positive note, while we did see dozens of horrible layouts, we did walk into one (only one) where we instantly said “yes!” and ended up buying it.[/quote]

That’s why I mentioned in the past our home buying/selling system is not really defined responsibilities of “Realtors”. Except they charge some % dollar amounts I never saw that they took full responsibility of listing details. In the 14 page sign documents also they push all these actuals must be our responsibility while purchasing. Still I didn’t understand why the heck a seller need to pay around %% to the listing agent. Is that due to something a listing agent somehow getting arranged to sell the property (even with fake measurement details in the listing). I personally feel there must be mandatory code should exist like “someone should come into serious responsible act” when this kind of details listed. Also today everything is possible via internet to publish the real details and real records. To avoid such fake listings the code must be detailed at the listing time one should publish the real data from the records. Don’t know why not make all such as a mandatory law – though we had already mess-up enough this housing system with ignored mortgage laws in the past.

[5yearwaiter]

[quote=Ren]But seriously, I ran into those issues and more. Our lot size ended up being 1,000 sf smaller than the advertised size, just because the whole tract had been given the same generic size and that’s what ended up on the records.

On a positive note, while we did see dozens of horrible layouts, we did walk into one (only one) where we instantly said “yes!” and ended up buying it.[/quote]

That’s why I mentioned in the past our home buying/selling system is not really defined responsibilities of “Realtors”. Except they charge some % dollar amounts I never saw that they took full responsibility of listing details. In the 14 page sign documents also they push all these actuals must be our responsibility while purchasing. Still I didn’t understand why the heck a seller need to pay around %% to the listing agent. Is that due to something a listing agent somehow getting arranged to sell the property (even with fake measurement details in the listing). I personally feel there must be mandatory code should exist like “someone should come into serious responsible act” when this kind of details listed. Also today everything is possible via internet to publish the real details and real records. To avoid such fake listings the code must be detailed at the listing time one should publish the real data from the records. Don’t know why not make all such as a mandatory law – though we had already mess-up enough this housing system with ignored mortgage laws in the past.

[5yearwaiter]

[quote=Ren]But seriously, I ran into those issues and more. Our lot size ended up being 1,000 sf smaller than the advertised size, just because the whole tract had been given the same generic size and that’s what ended up on the records.

On a positive note, while we did see dozens of horrible layouts, we did walk into one (only one) where we instantly said “yes!” and ended up buying it.[/quote]

That’s why I mentioned in the past our home buying/selling system is not really defined responsibilities of “Realtors”. Except they charge some % dollar amounts I never saw that they took full responsibility of listing details. In the 14 page sign documents also they push all these actuals must be our responsibility while purchasing. Still I didn’t understand why the heck a seller need to pay around %% to the listing agent. Is that due to something a listing agent somehow getting arranged to sell the property (even with fake measurement details in the listing). I personally feel there must be mandatory code should exist like “someone should come into serious responsible act” when this kind of details listed. Also today everything is possible via internet to publish the real details and real records. To avoid such fake listings the code must be detailed at the listing time one should publish the real data from the records. Don’t know why not make all such as a mandatory law – though we had already mess-up enough this housing system with ignored mortgage laws in the past.

[5yearwaiter]

[quote=Ren]But seriously, I ran into those issues and more. Our lot size ended up being 1,000 sf smaller than the advertised size, just because the whole tract had been given the same generic size and that’s what ended up on the records.

On a positive note, while we did see dozens of horrible layouts, we did walk into one (only one) where we instantly said “yes!” and ended up buying it.[/quote]

That’s why I mentioned in the past our home buying/selling system is not really defined responsibilities of “Realtors”. Except they charge some % dollar amounts I never saw that they took full responsibility of listing details. In the 14 page sign documents also they push all these actuals must be our responsibility while purchasing. Still I didn’t understand why the heck a seller need to pay around %% to the listing agent. Is that due to something a listing agent somehow getting arranged to sell the property (even with fake measurement details in the listing). I personally feel there must be mandatory code should exist like “someone should come into serious responsible act” when this kind of details listed. Also today everything is possible via internet to publish the real details and real records. To avoid such fake listings the code must be detailed at the listing time one should publish the real data from the records. Don’t know why not make all such as a mandatory law – though we had already mess-up enough this housing system with ignored mortgage laws in the past.

[SD Realtor]

Tillers I understand. I didn’t mean to imply that you should put offers in on every short sale but if you do see a home you really love and it is a short sale, I would indeed pursue it. Agreed that nowadays, more short sales are asking for deposits from buyers because of so many walkaways. However that deposit is still fully refundable.

Your post implied (to me) that you were not even looking at short sales so it sounds like I am wrong. My point is that I would make offers on any home I love regardless of what type of home it is. However, many people differ on offers they send in. Many people send in offers on homes they like, or that they are getting a good deal on. Other people only submit offers they truly love and thus will end up making only 1 or 2 offers a year.

[SD Realtor]

Tillers I understand. I didn’t mean to imply that you should put offers in on every short sale but if you do see a home you really love and it is a short sale, I would indeed pursue it. Agreed that nowadays, more short sales are asking for deposits from buyers because of so many walkaways. However that deposit is still fully refundable.

Your post implied (to me) that you were not even looking at short sales so it sounds like I am wrong. My point is that I would make offers on any home I love regardless of what type of home it is. However, many people differ on offers they send in. Many people send in offers on homes they like, or that they are getting a good deal on. Other people only submit offers they truly love and thus will end up making only 1 or 2 offers a year.

[SD Realtor]

Tillers I understand. I didn’t mean to imply that you should put offers in on every short sale but if you do see a home you really love and it is a short sale, I would indeed pursue it. Agreed that nowadays, more short sales are asking for deposits from buyers because of so many walkaways. However that deposit is still fully refundable.

Your post implied (to me) that you were not even looking at short sales so it sounds like I am wrong. My point is that I would make offers on any home I love regardless of what type of home it is. However, many people differ on offers they send in. Many people send in offers on homes they like, or that they are getting a good deal on. Other people only submit offers they truly love and thus will end up making only 1 or 2 offers a year.

[SD Realtor]

Tillers I understand. I didn’t mean to imply that you should put offers in on every short sale but if you do see a home you really love and it is a short sale, I would indeed pursue it. Agreed that nowadays, more short sales are asking for deposits from buyers because of so many walkaways. However that deposit is still fully refundable.

Your post implied (to me) that you were not even looking at short sales so it sounds like I am wrong. My point is that I would make offers on any home I love regardless of what type of home it is. However, many people differ on offers they send in. Many people send in offers on homes they like, or that they are getting a good deal on. Other people only submit offers they truly love and thus will end up making only 1 or 2 offers a year.

[Author]

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