Well...since this question is now 2.5 years old...you are now eligible for conventional financing upto $625k in certain lending areas.
If you are looking for Jumbo loan over $625k, your wait timeis 7 years.... more
You should contact a couple of local builders in that area. Shop around. Remember the lowest cost per square footage is not always the best. You will want a local, reputable builder to work with. Contact a local real estate professional for a referral.... more
You are not alone I am a single mom and it looks like we are not allowed to rent descent places even if we have a job. My credit is not very good and on top of everything I am a single mom so I can't rent anywhere.... more
Lender will look at your over all scenario not just your credit score alone. In you case, It is better if you sit with a mortgage broker and go over your options. I am sure with the new guidelines you will have many shots.... more
Did you have your appraisal contingencies in place? If you removed those then your could be responsible for the different in value. But you didn't negotiating is the way to begin, so your realtor is doing the right job.... more
I ran a quick market analysis and feel in average condition the home should appraise in the range of $310,000 to $320,000. There have been 7 closed sales of similar sized homes within a mile over the past 6 months. Ignoring two outlier sold homes (1 closing at a low price and 1 much higher) the mid 5 all sold from $310,000 to $322,000. Naturally your specific value could be higher or lower based on many factors.
I'd be happy to send you a pdf copy of the market analysis if you'd like.
License #01045089... more
The real estate market is very strong at the moment. It has been getting stronger since last year. It has not so much to do witht he fed cutting the rates, although that certainly has encouraged buyers to look for property. It has to do with the lack of supply of homes currently for sale. There are very few foreclosed properties and less short sales than in the past 4 years.
This means that sellers, if pricing their homes properly, will most likely sell quickly and for a very fair price. There are multiple offers coming in right now also.
I suggest that you get a market analysis from a reputable broker and interview a broker or two and select one to work with you in marketing and selling your home.
Thank you for your question,