Kristin's Blog: Next time, will you call a Realtor when you buy your San Antonio, Texas home?

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

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!

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!

 

                

Comment balloon 9 commentsKristin Moran • May 18 2009 11:44AM

Comments

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.

Posted by Mike Saunders (Lanier Partners) about 10 years ago

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

Posted by Jeanna Martinez (RE/MAX Access) about 10 years ago

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

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) about 10 years ago

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

Posted by Tammy Lankford,, Broker GA Lake Sinclair/Eatonton/Milledgeville (Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668) about 10 years ago

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!

Posted by Kristin Moran, San Antonio,TX - Real Estate - 210-313-7397 (Owner - RE/MAX Access - KristinMoran@Remax.net) about 10 years ago

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 !!!!!

Posted by Sheldon Neal, That British Agent Bergen County NJ (Bergen County, NJ - RE/MAX Real Estate Limited) about 10 years ago

K,

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

hope it works out for them...

 

Posted by Sheila Moran, SanAntonioSheila.com, RE/MAX Access, 210-32 (RE/MAX Access (Garden Ridge, San Antonio, New Braunfels)) about 10 years ago

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

Posted by Carl Winters about 10 years ago

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

Posted by Judi Morgan, San Antonio, TX Real Estate (RETIRED) about 10 years ago

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