Archive for the ‘Investment Real Estate’ Category

Seller Wants To “Rent Back” After Close on a “Short Sale”…What Should I Do…?

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This question was raised on Trulia by a Buyer confronted with this “Dilemma” on the purchase of a home.

Even in the “best” of times or a “normal” real estate market, this situation is always a bit stressful for a buyer.  If I was a buyer in this situation I would also have some “angst”.

If you’d like to see what I and other Real Estate professionals had to say about it…  I’ve provided the link to all of our answers below.

By the way… this question was from a local person here in the Sacrament area, but this buyer got answers from all around the country.

ENJOY THE READ BY CLICKING HERE

In the Mean Time…?

Make it a Great Day…!

Ed Favinger, Broker, CRS, GRI, SFR        favinger@rwnetwork.com     916-203-1260

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Happy Thanksgiving…!!

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From Ralph Waldo Emerson

For flowers that bloom about our feet;

For tender grass, so fresh, so sweet;

For song of bird, and hum of bee;

For all things fair we hear or see,

Father in heaven, we thank Thee!

_______________________________________

HAVE A GREAT THANKSGIVING…!!!

Ed Favinger, Broker CRS, GRI, SFR,      916-203-1260        favinger@rwnetwork.com

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We are hitting hurdles in buying first home. We got a short sale home & have to close escrow next week.!!

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Our loan processor is not responding.   The initial escrow date they gave us was 3 weeks.   We could not get hold of the loan processor.    Is there any thing we can do to extend out escrow date …?  How does it work please let me know…

Is is “panic” time…?    I don’t think so.   This was a question asked by a first time home buyer on Trulia.com

Take a look at what I and other professionals had to say about this kind of situation by CLICKING HERE.

Make it a Great Day….


Ed Favinger, Broker, CRS, GRI, SFR           favinger@rwnetwork.com          916-203-1260


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Can Tenant Move in Videos Save an Owner Money…?

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Tenant Tries to Blame the Owner for a Bad Shower Enclosure that She Broke.

We manage a Duplex which had a pretty nice shower enclosure broken by a tenant that now needs to be replaced.  She claimed her daughter just leaned on it and it then fell and broke in pieces.    She further told one of the ladies in our office that it was “already taped up” and defective when she moved in and did not feel responsible for it’s replacement.

Click the video below and pay particular attention to the Shower Enclosure.

I don’t think this is “normal were and tear” do you..? I mean just because you don’t own this property doesn’t mean you don’t have some responsibility to exercise reasonable care of it.

Now you know and I know the Landlord/Tenant laws seem to always defer in favor of the tenant.    Therefore this is the reason you see Landlords and Property Managers forming “trade groups” like the Regional Housing Association of Sacramento and the California Apartment Association to become “more professional” in dealing with tenants.

If this tenant doesn’t pay for the cost of this shower enclosure,  we will deduct the cost of replacement  out of her “security deposit” when she moves.      Now the question is…  if she decides to takes us to small claims court will the Judge rule in our favor…?  I don’t know because you never know what a Judge will do… but I think my chances are much better because I have this “move in video”  with her in it.

What do you think…?

Make it a Great Day…

Ed Favinger, Broker, CRS, GRI, SFR,         favinger2rwnetwork.com    916-203-1260

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