I have a new rental that fits your criteria in J-Town (Hurstbourne Woods Subdivision). 4 bedrooms, 2 l/2 baths, loft, finished basement, 2 car attached garage. Rent is 1700 per month and home was built in 1994. Home is in great condition and is located on a cul-de-sac in a great neighborhood. This property will be available to show on Sunday, 1/12/2014. Let me know if you have any interest in viewing this property. Thanks... more
Personally I think it's worth a trip to Louisville to get a feel for the area and personally interview 2 or 3 Realtors. It is a great way to get to know your way around the area. If, for instance, great schools are important, you will want to carve out some time to visit schools.
If you want some acreage, you will want to look at neighboring counties to see how much more your money can buy.
Then, after you have pretty much settled on your area(s) of choice, come in 2-3 months early and shop till you find a home.
Standard California Association of Realtor (C.A.R.) purchase contracts, by default, give a buyer 17 days to release an appraisal contingency. That time frame can be extended or shortened in the contract. At the end of that time, if the buyer has not signed a release of contingencies, the seller can cancel the contract, after delivering to the buyer a Request for Buyer to Perform, giving the buyer 24 to 72 hours, typically, to perform.
Buyers have options if a low appraisal was received.... more
I agree with David Pauley. A team approach is warranted. One of my team is an attorney specializing in both real estate and certain bankruptcies; another member is a 2nd attorney for other bankruptcies, depending on complexity. I have a client who 3 weeks ago was able to obtain a $250,000 loan within 2 years of suffering a Ch 11 converted to Ch 7, $6,000,000 bankruptcy. This requires a specialised lender (NOT a hard money lender!). Depending on your situation, I also have an investor who may be prepared to buy a house for you to sell back to you, though there are certain distinct disadvantages to this arrangement. Each situation is unique, and it will all turn on the details. Fortunately it appears that you have many possible paths.