Next time, will you call a Realtor when you buy your San Antonio, Texas home?

By
Real Estate Agent with Owner - RE/MAX Access - KristinMoran@Remax.net

Next time, will you call a Realtor when you buy your San Antonio, Texas home?

A local credit union referred a couple to us who were in need of some "homebuying advice".  Seems they were in a bit of a bind with a homeowner they had an agreement with to purchase her home in San Antonio, Texas.  Earlier this year they signed a "purchase agreement" with the homeowner, gave her some cash & moved in! 

They were told it was going to be a "non-qualifying assumption" since they couldn't qualify on their own & the money was going to be used for "paperwork" & such & they had 3 months to get it all done.   

Here we are a couple of months later, they can't get in touch with the homeowner, can't verify what, if anything, has been done & the roof is leaking, the floor needs attention & they are having plumbing issues.

Call a Realtor in San Antonio, Texas

Repeat after me:

I will call a Realtor before signing anything...

I will call a Realtor before signing anything...

I will call a Realtor before signing anything...

I will call a Realtor before signing anything...

I will call a Realtor before signing anything...

I will call a Realtor before signing anything...

I gave these folks the name of a Real Estate attorney to see if there's anything that can be done for them.  The contract they have was written by the homeowner, it is signed by all parties but isn't notarized or recorded anywhere.  I suspect their contract is as good as the paper it's written on. 

These folks might be out some hard earned money by agreeing to the terms of this contract.  They will definitely be out even more if they have to hire an attorney to get it settled.

Using a Realtor to purchase a home is free of charge to the buyer, call one before signing anything!

Posted by

Kristin Moran

Specializing in San Antonio & surrounding cities
-------------------------------
RE/MAX Access - Realtor®/Owner

KristinMoran@Remax.net 210.313.7397 www.SistersThatSell.com

Buy a home from me, use the truck to move for free!

 

                

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Rainmaker
563,876
Mike Saunders
Lanier Partners - Athens, GA

Kristin - excellent advice, too many FSBO and BuyBO's run into legal problems, even using the  mass produced contracts that you can purchase at any stationary store. And at least use a real estate attorney to review any contract before signing.

May 18, 2009 12:05 PM #1
Rainmaker
188,061
Jeanna Martinez
RE/MAX Access - Schertz, TX

What a horrible situation!  Good advice!  Hopefully everything will work out for them.

May 18, 2009 12:41 PM #2
Ambassador
567,748
C Tann-Starr
Tann Starr & Associates, Inc. - Flushing, NY

Oh my word. That totally whomps. I am so sorry this happened to them. I hope the attorney can help them.

May 18, 2009 12:50 PM #3
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1,550,760
Tammy Lankford
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Your Lake Sinclair Expert (706-485-9668)

Add to your advice- never move in before the purchase, never move in before the purchase.  Poor folks.

May 18, 2009 01:37 PM #4
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Kristin Moran
Owner - RE/MAX Access - KristinMoran@Remax.net - San Antonio, TX
San Antonio,TX - Real Estate - 210-313-7397

Mike - I truly felt badly for them but really couldn't say much else other than "i'm sorry that happened!"

Jeanna - THanks!  I wanted to help them but couldn't!  The wife was crying & crying.:(

CTS - Me too!

Tammy - RIGHT!  Yes, yes, yes.  Would have been my advice if I was their agent!

May 18, 2009 02:21 PM #5
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663,372
Sheldon Neal
Bergen County, NJ - RE/MAX Real Estate Limited - Maywood, NJ
That British Agent Bergen County NJ

Oh dear - so sorry to hear that trying to go it alone left these poor folks in a pickle :o(

Hope the attorney can help.

... hows married life !!!!!

May 18, 2009 02:46 PM #6
Rainmaker
184,419
Sheila Moran
RE/MAX Access (Garden Ridge, San Antonio, New Braunfels) - New Braunfels, TX
SanAntonioSheila.com, RE/MAX Access, 210-32

K,

Such good advice...too bad they didn't know about it BEFORE signing the contract...

hope it works out for them...

 

May 18, 2009 06:28 PM #7
Rainer
639,029
Carl Winters
Canyon Lake, TX

What a hard lesson to learn. Absolutely call a professional to do a professional job...."Call A Realtor".

May 18, 2009 08:01 PM #8
Rainmaker
148,468
Judi Morgan
Kimberly Howell Properties - San Antonio, TX
San Antonio, TX Real Estate

Ohhh, Kristin, I'm so sorry this happened to them.  Sure hope the attorney can help them. 

May 19, 2009 10:38 PM #9
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Kristin Moran

San Antonio,TX - Real Estate - 210-313-7397
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