Against professional code of ethics for any Realtor render an opinion . Best refer all your questions to your buyers agent who can direct you to links for resource guide assist in your decisions
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
Hi Jocelyn, the market is very active right now, for homes which are priced correctly. As far as prices, they are not recovering...much. Certain areas have seen prices creep back up, but not to anywhere near the pre-crash levels. If you are looking to buy, it's still the right time. For sellers, homes are moving, but still at prices that may disappoint them! C21.email@example.com... more
A wise buyer puts together a "team" to help and guide through the home buying process.
Part of your team should include:
Realtor, closing attorney, mortgage professional, home inpsector, and insurance agent.
With regard to your question about the first-time buyer credit - you'll want to consult with your mortgage agent, closing attorney and perhaps your tax professional. This team will help you to understand what will be in your best interest. It's possible, that while you might have the cash to pay in full, there might be some advantages tax wise to financed part of it -- tax write offs...etc. By exploring your options with your team of professionals, you'll feel more confident in your decision.
The bank will automatically send a representative to bid on the home at typcially 2/3 the value of their appraisal. If no one else outbids them, they buy it back at auction. They will then list the home with an agent and offer it to the public for sale. Buying a home at auction can be a complicated process and typically, the buyer must assume all liens and doesn't get a chance to see the interior of the home prior to making a bid. Feel free to contact me for more information as I have assisted many buyers with short sales and bank owned homes in Solon and surrounding areas.
Well a mortgage banker would be the best avenue to find this out. A) if you buy now while living in Ohio you are going to have to get a loan for either a second home (vacation or investment property) Since you will not be declaring it as your primary residence. But, as I stated a mortgage professional would be better to answer your question.... more
I have been told by realtors to expect 0% in shaker, cleveland, richmond, and unniversity heights for the next 5 years.
Highland Heights, Concord, Bainbridge might be a different story. Not sure about the westside.... more