Do you mean you are now on the Title? Is there a mortgage on the house? If there is no mortgage and you are on the Title, you should pay the taxes since taxing authorities can eventually foreclose if the taxes are not paid. If there is a mortgage, you should still pay the taxes for the same reason.
If your looking to buy a house you should get in touch with a local agent asap. I could refer you to a top buyers agent working in your area. Send me your contact information to Tjackson@c21mm.com and I can set you up with an agent through my company.
Century 21 M & M Associates
If you are talking about a private home inspection it's usually the responsibility of the buyer to pay for their own inspection. If you're talking about a required City inspection I would assume it's the sellers responsibility. This can be a negotiable item.
Karen Paytas, GRI, CMS
Real Living Kee Realty
Hi there Jan,
After researching your query, I found the story on high water rates that you were talking about here: http://www.wxyz.com/dpp/news/region/wayne_county/soaring-water-rates-have-many-people-in-inkster-outraged
To answer your question, I'd recommend reaching out to Malcolm Maddox, the reporter who wrote that story (http://bit.ly/RhtPJ1) or to the Inkster City Hall directly (bottom of the page: http://www.cityofinkster.com/)
Trulia Voices... more
Janice, so many of us are dealing with a difficult selling market. And even creative outlandish marketing and ideas seem to leave us scratching our heads. If you are choosing to use a Realtor to list your property - interview them. You want an agent that will sell his/herself to you! Working with a Realtor, you have access to a market analysis including the most recent sales in your area. This will give you information on what price to list for the quickest sale possible. The multiple listing service gives your property lots of exposure to all the brokers and agents in the area. Make sure your Realtor company has a good marketing plan to get your property exposure.
If you are planning on selling your home on your own, you are going to have to work hard to get it advertised. Put in local papers, Craig's list, websites like forsalebyowner.com and advertise open houses. It would also be helpful to work with a Realtor for a commission portion to encourage them to bring you a buyer.
Price it well and advertise alot! And ask opinions from family and friends on curb appeal. They may be able to provide a few tips to get some buyers in the door!... more
The 'deadline' for acceptance should have been stated in your purchase contract/offer. If it is a short sale, the seller should have at least accepted but most likely the lender(s) wouldn't have yet. Check your offer for when your offer expired. If it's expired, the seller may have accepted another offer?
With a HUD home you are buying a foreclosed property. The procedure involves a bidding process in which you place your best offer. The bid is registered online for you by a real estate agent pre-approved by HUD. You will not know the other offers that have been placed. You will not receive a second chance to place another offer unless HUD rejects all they receive in the initial bid cycle. In Michigan, HUD homes can sell for a higher price than is listed on the property. Your buyer’s agent can determine the value of the property and help you decide on the amount of your offer. There are several things to consider in the offer other than just the price of the house.
HUD will calculate the net amount they expect to receive after their expenses.
A guide can be found on the HUD web site:
As a real estate professional licensed in Michigan I always advise people interested in properties to obtain the services of their own Buyer’s Agent. Your Buyer’s Agent will investigate the property and find answers to all your questions.
For further information and real estate questions, contact
Chip Andis ~ Buyer’s Agent
Cell (248) 931-0084
REAL ESTATE AND FINANCE IN ONE
34 S. Telegraph Rd
Waterford, MI 48328
Office (248) 886-0000... more
The first thing you need to do is check your modification agreement to see if it contains any restrictions for selling your home and buying another home. If there are no restrictions, then you need to meet with a good lender. I know that a modification causes a credit ding. A lender can look at your particular situation to see if you qualify. A lender would be able to tell you if FHA or Fannie Mae have any restrictions in their guidelines for borrowers who modified their loan, as well. Good luck.... more
Quite the question. There are many good buys in any area of Michigan, it would depend upon an individial home whether it is good for buying or rehabbing.
Trulia has information about the area, simply look under Stats and Trends.... more