Most people don't realize that they have to own the home free & clear to even be able to offer a land contract. As a seller you certainly wouldn't want to do it w/out a sizeable down payment (10-30%) in case you got it back & now needs repairs.
It's a trickey bit but if there was a good explaination of why their credit won't allow them to go conventional financing & they are current w/everything else & they have a good down payment it may be worth the gamble if you're struggling to find a buyer.... more
I recommend the Fitcburg area. I have a listing for a lovely two-bedroom 2 bath condo in Fitchburg that is slightly under $180,000. It features an open floor plan, separate entrance and attached 2-car garage, gas fireplace, master suite with jetted tub and screened porch. Please contact me at my website if you would like additional information : annemccartney.com.... more
Â A home purchase can be a difficult process.Â From searching, to financing, to finally moving in, getting assistance along the way is always helpful!Â If you are looking for a realtor in the
It will depend upon your down payment, credit score and so forth. Often times with a lower down payment your interest rate will be a touch higher. Shop local banks as you have no idea what the lenders online are doing. A little face to face is good and always look at 3 different lenders. Maybe Anchor, M&I and Wisconsin Community Bank? Hope this helps.... more
Thanks for the feedback, Mikey. I guess everybody has their own tastes. We liked the back yard, and with the landscaping berm you don't even know there is a road back there. The lot cost us more than other lots in the neighborhood, but we thought the extra money was worth it. It's double the size of other lots, and we don't need to maintain the back 150' - the homeowners association takes care of it. So it's a large yard with little maintenance. Sure, we still have neighbors close on either side, but we don't look out our back door into our neighbors' house, it's more private. That's why our house cost us more than an almost identical house nearby. When we were first looking at the neighborhood, we fell in love with a house with the same floor plan that was priced significantly less, but it had condos in the backyard. That didn't appeal to us. But now that we are trying to resell, it sounds like the back yard is a detriment. For some reason buyers don't seem to like it.
Plus, we paid to have a lot of extras put into the house - higher ceilings and windows in the basement, higher quality appliances and fixtures, upgrades to the master bath, higher quality flooring, etc. And put a lot of money into landscaping and finishing the basement. But now it appears that all of that was a waste, because it doesn't add any value whatsoever. Buyers don't seem to see the difference.
By the way, if you are considering a house in one of these neighborhoods, I'd steer away from the houses that have the carriage lanes and garages in back. There have been a lot of maintenance issues with the carriage lanes - snow plowing, trash pick up, etc. At the homeowners association meetings, there are constant complaints from the owners that have the carriage lanes.
Thanks again, and good luck with your hunt.... more