87107 : Real Estate Advice

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Karen Peyton, Real Estate Pro in Chandler, AZ
Karen Peyton answered:
the listing 1313 phoenix nw Albuquerque 87107 does not undicate that this house is condemned by the city of Albuquerque as not livable for human being
I wouldn't worry too much. Homes that have been condemned "can" be sold, though cannot be lived in until repairs are done and a Certificate of Occupancy is issued by the city. You can ... more
1 vote Share Flag Fri Sep 11, 2015 Home Buying in 87107
Mark DeWitt, Real Estate Pro in Seattle, WA
Mark DeWitt answered:
Need hard money lender for mixed use commercial/residential, any one fund these types of loans?
Hi Martha,

We lend on mixed use properties (not hard money). I would be happy to disucss with you.


Mark DeWitt
National Residential
mdewitt@natresdir ... more
0 votes Share Flag Mon Apr 16, 2012 Financing in 87107
Don Tepper, Real Estate Pro in Burke, VA
Don Tepper answered:
Does your broker get a referral fee from any vendor he asks you to use?
They're not supposed to--whether it's home warranty companies, home inspectors, title companies, insurance companies, lenders, etc.

Having said that, there sometimes is common or sha ... more
0 votes Share Flag Wed Apr 11, 2012 Home Buying in 87107
Joan Braunsc…,  in Morris County, NJ
Joan Braunschweiger answered:
I think this neighborhood is extremely trashy, but are the people at least nice who live there?
Larissa, real estate agents aren't going to comment on the trashiness of a neighborhood or if the people who live there are nice. Its not only a professional no-no but one person ... more
1 vote Share Flag Fri Oct 21, 2011 In My Neighborhood in 87107
Shane Milne, Real Estate Pro in Laguna Niguel, CA
Shane Milne answered:
Is 1099 income or bonus/commission income different than w2 income in obtaining a mortgage and meeting the lenght of employment requirement?
Bonus & commission income is averaged over a 2 year period. So if you are paid W-2'd income for 2 years, and if it is all bonuses & commissions, then a 2-year average of b ... more
0 votes Share Flag Fri Sep 30, 2011 Financing in 87107
Shane Milne, Real Estate Pro in Laguna Niguel, CA
Shane Milne answered:
do i need an FHA Amendment for a short sale? I know there is verbiage in the PA under FHA regarding appraisal stipulations and covers my buyer..
Q: do i need an FHA Amendment for a short sale?
A: It appears you likely do, as a short sale is considered a pre-foreclosure sale. The below link is the official FHA guidelines/handbo ... more
1 vote Share Flag Wed Jul 13, 2011 Home Buying in 87107
Joshua Chris…, Real Estate Pro in Albuquerque, NM
Joshua Christensen answered:
Home for sale for 159,000 needs major remodel, sold for 70,000 less 10 years ago and seller has made no improvements. Is 120,000 too low?
Purchasing a home in this condition raises lots of concerns for a lender. Lynn911 from Dallas mentions below that it's important to have the cash for repairs and that NO Lender wo ... more
0 votes Share Flag Wed Sep 22, 2010 Home Buying in 87107
J R,  in New York, NY
J R answered:
How to interpret the data. 27 showings in two months, 5-6 open houses, no offers. is market too slow,?is?
I would also question the condition of the house. Lots of wallpaper? Bad colors? Of course this would also point to price, but maybe a bit of cosmetic work would help.
1 vote Share Flag Tue Dec 11, 2007 Home Selling in 87107
Veronica Gon…, Real Estate Pro in Albuquerque, NM
Veronica Gonzales answered:
how to sale my house in a slow market?
The albuquerque housing market has always been better than the rest of the country. You can sell your albuquerque home fast if you do a few things. Stage your home and market it aggresi ... more
0 votes Share Flag Thu Dec 6, 2007 Home Selling in 87107
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