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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Topic:
Home Buying
Location:
Texas Bexar County San Antonio
Groups:
Advice for Buyers
Club Chaos
Realtors®
San Antonio Information
"Whacked"!!!
Tags:
call a realtor
homebuying scams
non qualifying assumptions
san antonio real estate

Comments 9 New Comment

Ambassador
471,807
Kristin Moran
San Antonio,TX - Real Estate - 210-313-7397
Owner - RE/MAX Access - KristinMoran@Remax.net

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
Ambassador
650,152
Sheldon Neal
That British Agent Bergen County NJ
Bergen County, NJ - RE/MAX Real Estate Limited

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
Rainmaker
182,817
Sheila Moran
SanAntonioSheila.com, RE/MAX Access, 210-32
RE/MAX Access (Garden Ridge, San Antonio, New Braunfels)

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
Rainer
638,225
Carl Winters

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

May 18, 2009 08:01 PM
Rainmaker
148,168
Judi Morgan
San Antonio, TX Real Estate
Kimberly Howell Properties

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

May 19, 2009 10:38 PM
Ambassador
471,807

Kristin Moran

San Antonio,TX - Real Estate - 210-313-7397
Have questions? I have answers!
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