First time home
It is going to be a challenge at best. You really need to have something. We have a program here for USDA loans which can be 100% financing and you can ask for closing cost but realisticly, you will have a hard time getting that accepted. Work on saving some money. You also need to see if you qualify, just because you think you can afford it does not mean a lender will agree. You will be able to get good guidance of what you need from a lender.
Good Luck!!!... more
On the Multiple Listing Service. Foreclosed homes are only available for purchase once they have been listed with a licensed real estate agent or broker. You would be wasting your time looking anywhere else unless you were purchasing properties in bulk, in lots of 100 or more. Find a good realtor to work with.... more
As you may already have anticipated the dogs will limit the amount of places as many landlords are not keen on dogs.
I will be glad to help you just give me more details including price range and how many bedrooms etc.
Feel free to email me @ email@example.com or call me at 973-944-5038
Have a great day!... more
Stacy - go to
follow the directions to find approved condos - put in the zip code and you will see which, if any, condos are on the approved list
the list is not available 24 hrs a day, so check for the time (I think it's 8AM - 10PM).... more
I would speak to a mortgage rep they would be best to help you. I have some great people I work with if you want some references.
I also know the area you are searching in so I would be able to help you in your search.
I did a quick search and so far I only found 1 rental in your price range.
Its a studio apt in Montclair. Let me know if you would like more info.
Feel free to email or call directly.
Licensed Realtor in NJ and GA
Hi Ms. Lang:
I only use one of 2 people to process loans for my buyers. The right mortgage person can make a world of difference in your home buying experience. Having said that I use Al Perez from Jersey Mortgage Company. He's very professional and knows his stuff. Please tell him that Ibrahim Hughes sent you.
If I can be of any further assistance please don't hesitate to call (908-578-1981) or email me (firstname.lastname@example.org). Good luck with everything.
EXIT Queen's Realty (Bloomfield, NJ)
Realtor Associate... more
There are a few that might meet your needs, the updated kitchen is an easier find than central a/c however you don't mention your price range. Please email me or call me and I'll send you the list! TeamHelene@KW.com or 973-207-9803
If an offer is accepted, and an execured contract exists, signed by all parties and deposit money has been exchanged--any other offers thereafter are considered back ups, entertainable if and when the current deal falls through.... more
You should be able to make the changes yourself under the "My Listings" tab and add your photos. I doubt any of the Trulia moderators will see this post and even if they do they won't know which listing you are talking about without providing the listing link. You should be able to make the necessary changes on your own.... more
Cindy 2 things... the first is why is the buyer late, what is the problem and do they have a solution as well as how long did the loan officer say they needed? As far as a back up offer your agent is correct, no one will want to see your house without knowing what teh contingincy is and what the time frame for committment or it coming back on the market. Being a month late, even if you got a back up offer, giving the buyer another month you would have lost the backup buyer anyway. You need to find out what the hold up is and how long they need... more
Let's start by clarifying that a foreclosure, REO, and bank owned are all the same thing. It means that the owner defaulted on the loan and the bank took the property back. The process for purchasing a bank owned property is pretty much the same as purchasing a home in an equity sale, however there are some differences associated with foreclosed properties. It is always a good idea to have an expert assist you with the purchase of a home, and foreclosure properties are no different!
The first thing that is different is that typically the bank (now the owner of the property) will not make concessions for any repairs needed. They have usually priced the property based on what it will sell for in as in condition. This is important because there are many cases where the former owners removed or destroyed part of the property. This is where having a REALTOR assist you is crucial because they will know what to look for and help protect your interests as you negotiate with the bank.
Good luck!... more
Dezi, hi how are you? An Agent is a Licensed Sales Associate. A Broker is a Licensed Broker. An Agent cannot open a Real Estate Company without having a Brokers License, or someone who has a Brokers License as the Broker of Record.
KELLER WILLIAMS... more
Linda: Paying more for the property! The bank has had a good evaluation of the local market from their agent. (Although I've seen some agents get too optimistic.) I'd advise getting a Competitive Market Analysis from a Realtor and a home Inspection BEFORE you go further. While home inspections can and usually are done after contract, with an escape clause, in the case of bank owned property, they cannot disclose any problems because no one at the bank has experienced any. If the home is in the "luxury" category and you can come up with the cash, it would be "Due Diligence" on your part to be sure that what you think you see is going to turn out to be what you get.
Yes, home inspections can miss things too. Nevertheless, brand new homes have sometimes been found to have thousands of dollars in problems and you want to be sure that your good deal is really all that good. If the house is exactly what you want, you should have your own advice in hand as to the value it carries in today's market.
You can really only expect to save the difference between what a speculator-investor would pay and what you are willing to pay. An investor will be looking for a profit. You can earn that profit by taking on the risk and any fix up costs yourself. This is the business model that you are working with, as far as I can see.... more
Move in and live around the renovations.
Yes - a vacant house is a greater insurance risk then an owner occupied home
That's how the insurance co's look at it.
What if you hired a security guard to live in the house while it was renovated?? Talk to the insurance agent.... more
Cd you should check with your town's building inspector just to be sure you are in compliance.
As long as the room has a door and a window (egress out in case of a fire) - to the best of my knowledge, there is no minimum size a bedroom must be. If this is in a basement, you should definitely check with the town.
............closet, door, window, bed - voila = a bedroom!
Keep in mind that carbon monoxide detectors are required within 10 feet of any sleeping areas, so if this new "bedroom" is away from any other detectors, you must add one in the vicinity.
Prudential NJ Properties... more