Huge conflict of interest. The agents job is to sell the house according to the terms you dictate. Usually it is the other way around. We try to get sellers to lower the price and they don't want to. That being said, its time to find another agent who is going to work for you. In addition, I would call three or four different contractors and get bids for what repairs are needed. You can then decide if it is better to sell the house "as is" for a lower price, or put the necessary money into it to get the best price possible. Good luck... more
I was trying to close on a house and the appraiser from the bank took a picture of the fill port of the tank sticking up between the brick pavers in the back of the house.
It's absurb to think this is a serious environmental threat , however the government is involved so...
Worst case scenario is that the lender will want the tank removed. Better case scenario is that the lender will allow you to 1)pump the tank 2)backfill the tank in place with fill sand 3)test the surrounding soil
I had the tank pumped (must be properly documented, waste manifest), you can't pump it yourself and dump the oil. I ordered 7 tons of sand, cut the top of the tank open, and backfilled it myself. Lastly, you have to have a licensed engineer take soil samples, which is the most expensive part.
Pump and Dispose: $900
Cut tank and backfill: $150
Soil Samples: $1200
You need to determine the cost to pump and either backfill/remove the tank by getting some quotes, and then decide how you want to proceed from there.... more
Can I get a loan for a home before mine sells?I am currently selling my house that went up for sale Wednesday. I want to get another home in my current city as soon as mine sells. My credit is well, over 720. I have a co borrower whos
You should be asking your Realtor this question. Impossible for anyone here to say what's a reasonable offer. What kind of market are you in? Seller's market, buyer's market or is it pretty balanced? Tim makes some excellent points.
You don't make an offer based on what you want to pay, what the seller paid, or based on what upgrades you want to make. You should base your offer on "Fair Market Value" -- what similar properties have been selling for in recent months. Only your agent can help you with that.
Here in CO we are in a very tough seller's market. Most homes sell at list price or ABOVE. Any they aren't in pristine condition and need updates.
It's all about what the market is like in your area.
Buying outside Bloomington (approximately 4 miles) will allow you to buy with NO money down by using USDA guaranteed mortgage financing. They will require that the house is habitable and not have any safety hazards... cosmetic repairs are OK. You will still need an income to justify the loan amount and a decent credit score. Call me for list of homes that will qualify... and also to learn about our company's rebate program that actually provides FREE money to you at closing - 812-327-5194... more
Two suggestions - one would be to see if you can find a Realtor with extensive experience (ie someone who has been around a while) and get their opinion. They would know first hand the reputation of the builder (from being involved in the reselling of the builder's homes, from client's experiences with that builder and with just the general reputation). Second, don't believe everything you read on the internet! Ask the builder for contacts to homeowners for whom they've built. Talk to them first hand.... more
Joan, did you know that if you have good credit, there are some loan programs where you can pay upfront PMI in a lump sum just one time at closing, instead of paying every month? When you sit down with a lender and do the math, you see that it can be a considerable savings. And, you can often build the upfront PMI into the purchase by negotiating for the seller to pay closing costs. I've had several clients do this type of program this year and they've been very happy.... more
Some of the answer depends on even more local than Ellettsville versus Bloomington. If you are comparing Ellettsville to the east side of Bloomington, there is usually a meaningful difference. If you are comparing the west side of Bloomington to Ellettsville, the difference becomes less meaningful. It's hard to answer your question without knowing the exact houses/neighborhoods you are considering. For example, houses in Woodgate tend to be $20,000ish less than a similar house on the southside of Bloomington, but maybe about the same price as a house in the HIghlands. So moral of the story, location is important, but on a more micro scale than just the city/town. Location is neighborhood, school, proximity to IU, etc.... more
I'm sure you're right about why the price dropped. This doesn't mean it's not a decent home but having a trailer park in your backyard is always going to limit the resale value and the number of buyers who are willing to consider the property.... more
You can ask but may not be able to make the seller do anything. Their listing agent should have already gone over what is available for sale in their area. You should start by making an offer before you submit anything to argue a price drop, see what the seller will take first... more
ASHI and ANSI Inspectors offer disclaimers at time of engagement and in their reports that there may be defects that are non-detectable due to circumstances beyond their control. A defect may be hidden behind a wall for example. They can inspect only what can be discovered in a non invasive manner. In other words they cannot cut open a wall to see the cause of a suspected issue. They will note a suspicious appearance and suggest a contractor in that specialty field be consulted. Also keep in mind they are looking at the entire home in a very confined time period. Compare that to an HVAC specialist that you call to perform annual routine maintenance who will spend 2 hours looking at your heating system only.... more