Hi Christina. My name is Monika Williford and I'm with Sibcy Cline, the Monroe/Middletown office. I know that Middletown can be a tough market to move homes in, but they are moving. I checked out your listing online and the home looks very nice. I might suggest that price wise, $118,000 is a little high for a home in Middletown w/o a basement. I've been showing buyers in this area with and without basements, and the w/o they are going for around $100-$110,000.
Unfortunately, there's nothing you can do about not having a basement, but updating appliances, keeping the home clean and making sure your curb appeal stands out could all be good ways to entice the right buyer. I hope I helped. Hopefully your realtor will be able to help you out in this arena as well.
Sibcy Cline Realtors
You know this is a difficult situation, it is your home and it is furnished correct, would you rent it furnished or vacant, with a low mortgage outstanding and depending how long you intend to stay in Singapore,
you have to decide depending on those facts. Would you be back in a year, then may be you want to rent
and have a home once your return, if you think you will be in Singapore several years, may be selling
And then there is rent now decide later, however make sure you do connect with a good experienced
Realtor near your home, discuss your situation, have the Realtor look at your home, determine its
true current value for sale, and what you could potentially lease it for, but remember you may not find
a good renter right away, and if the renter signs a one year lease, after a year they may not want to
stay and move on and your home could be vacant for a while until you find another renter. It just all
depends on the home's location, and your actual plans and the financial side of both. Make sure to
sit together with a good Realtor and discuss all your options and then decide and use this Realtor to
proceed.... with your plans.
If you need a recommendation for a Realtor in Middletown OH, let me know I gladly send one your
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Hi Wanda/Todd! Looks like this went pending back in December of 2011. However, this can by typical given the fact that it's a short sale and depending on who the sellers lender is, could take months to get an answer.
I have extensive knowledge in short sales, so if you're interested in learning more about that process, or just have a question in general about buying a home, please give me a call and I'll be happy to assist you.
Sibcy Cline Realtors... more
If you just want to get out from under it, a short sale is a great idea. Working with more than one bank certainly complicates things, but not impossible. I have negotiated on 2 mortgages several time for sellers to a successful closing... more
Well I guess my question to you would be, are you planning on staying at the house? In most divorce settlements the person staying at the resident after a divorce will have one year to either sell the house or refinance it. That is if either one of you want to stay on at the residence. I would like to do the comps on the house to see what the current value is. You may be better to sell it out right with a small gain or loss without affecting your good credit. If the loss is too much to afford then you may consider a Deed in lieu or short sale. I would first try marketing the property. Even in a short sale the banks are going to want to see an effort or property history of the listing. I have done several short sales where the lenders will want at least a 30 to 60 day listing history before considering a short sale. Just remember that the short sale will effect your credit.... more
Denise it will take a couple of years to my understanding to be able to get anything near normal credit after going bad on thousands of dollars that a lender had to write off. The rules are changing all the time so you never know.... more
Actually Adrienne is off on this one... You see your mortgage is a major part of your credit score... it effects your score both for the good and/or the bad depending on what you do. If you miss payments it hurts you more than missing a credit card. If you have the mortgage your score will be higher then without. A homeowner is less risky than a renter and that is the only way the credit companies know you are an owner is if you have a mortgage... I can not tell you how much it will impact as it will depend on how long you have had credit, how many other trade lines you have, etc...
With that said, paying off your mortgage is a great thing. Congratulations!... more