I think you need to talk to the seller. Tell them what you have found out and how much it will cost to fix it. Ask if you can get a deal to lower the price. Negotiate and see what you can work out. If you really want the house, then there's no point losing it without trying to keep it. After that decide if you can live with buying it for the price you can get the seller to agree to and fixing the house. You need to make the best decision for yourself. It's important to make sure that you are comfortable with what you are getting into.
Did you know your credit score is always changing? Your credit score could be one number on one day and a different figure the next and even vary from one credit reporting agency to the next. Your credit
If you are thinking about owning a piece of property to live in while wanting to have an extra section to help pay the bills, then you will find that there is an effective way to do it. Today, many people
In today’s economic climate protecting your financial health is more important than ever. From health insurance to your plans for retirement, there’s a lot to consider. Here are some tips to help
I've got a similar question. I have a hardwood floor right now in my kitchen and my wife hates it. She's been nagging me to look into getting different flooring. If I'm just replacing wood flooring with more hardwood, should I look for a specific type of wood to make the value of the home increase? http://www.carpetsplusca.com/hardwood-floors/... more
One of the most interesting things I've learned as a real estate agent is how many loan products are available. As the previous person mentioned, there are rehab loans that can sometimes address these types of issues.
I think that it's important to shop around for a good lender who isn't afraid to roll up their sleeves and do this type of loan.
There are some agents who may not be familiar with those types of loans or may even feel intimidated by the process. Some loans are easier to do than others.
And, it is also very possible that your agent is trying to avoid causing you frustration and anxiety because these homes often can be very difficult to finance. You can let your agent know that you understand these types of purchases don't always go through, but that you are willing to give it a try.
Also, there are specific government websites that offer direct bank owned properties and it can be helpful to have a professional real estate agent guide you through that process. Sometimes these properties require a pre-approval with a specific lender but that doesn't mean you have to use that lender as far as I know.
http://www.hudhomestore.com or http://www.homepathcom.
The other thing to note is that even in a multiple offer situation, the first accepted offer can fall out of contract (and often does), so it's a good idea to get an offer in, even if you think you will get outbid.
Once a property falls out of contract, it can be a good moment to get your offer accepted by default. I guess what I'm saying is that if at first you don't succeed, try and try again, but also nothing ventured nothing gained.
Work with an agent and a lender who doesn't mind doing the more challenging work that is sometimes involved in these types of properties.
I hope that helps!... more
Yes, this is a service your real estate agent can do for you. It's called an "urgent need" letter and targets a specific area in the neighborhood that you request. The letter is customized for you, providing the prospective seller with specifics, such as characteristics, how many bedrooms and baths required, range of size for home and lot, whether you want a fixer-upper or a move in ready ("turn-key") home, etc. I also include a range of price my client might be willing to pay, but I don't like to be too specific because this could indicate a willingness to pay more than what the home could be worth.
Though I mostly work in the Valley of the Moon area in Santa Rosa, Ca, I have clients who are looking in a very specific area of West Petaluma. I send out letters that are customized for my client with the sole purpose of finding the right home for my client, however, if I happen to find a seller or buyer that doesn't meet the criteria, then it's a bonus for me. Everyone wins!... more
FREE First Time Home Buyer Seminar!Coming this Saturday, September 13th Prudential Unlimited Realty will be hosting a seminar from10:00AM to 12:00PM in Brookine!Learn about the buying process, the three
It takes work to prepare your home for success on the market......but putting in that work will yield greater rewards in the end! These tips will be your guide to help you get the best return on your
Making the choice to put your Natick MA or Metrowest Boston MA home on the market means you've decided it's time to sell your home. Sounds simple and accurate, right? Then it is important to do
sorry, right. But we are being asked to pay the previous year's 2014 back taxes (about $1700 difference that our escrow didn't cover) and an additional $160 a month to our mortgage payment. These were unknown to us.... more
We all know that if your home is in a prestigious neighborhood or has acres of land, that that is what will be your "lead in" for your Home Ad. But what if you have a great, normal home in Natick? How
Taking time to prepare your Natick MA home prior to putting it up for sale is extremely important. After all, for most of us, this is our most important asset so taking the extra time it takes to ensure
The short answer is no; a short sale must "season" for two years before you can get back in the game. The exception is FHA's "Back to Work" program whereby you can get a new loan if you're one year out of short sale or foreclosusure PROVIDED THAT you meet a rigid set of criteria for what constitutes "extenuating circumstances." See a mortgage broker for more information.... more
Hi Chris - Think it maybe time to change agents - but every agent has their own style of doing business. When I work with a client I try to educate them on the process of buying a home, if like
you, it sounds like you and ? are first time buyers - when I show homes to clients I am acting as their
buyer's agent - together we try to find the home that best fits their needs. Not every home does that..
wish it did :) The Boston market has been really active, as many of the suburbs are too, and multiple
bids are what is happening now - if a property is a "hot" one, her suggestion of going over maybe
because she knows the market, just not sharing the comparable sold homes with you. I think it
is time to have a heart felt conversation with her and let her know what you want from an agent.
If it doesn't work out, feel free to contact me. A year is a long time to wait for a home! Good luck!... more
Memorial and Kennedy are correct. I am a South Natick Resident and my children went to both schools. A look at history and you will see that all Natick schools are getting better and better.
http://profiles.doe.mass.edu/state_report/accountability.aspx?fycode=2012 elementary and secondary schools
If you have a 30 year fixed loan at 4.25% and it is conventional mortgage then you have the rate that is currently below the market. I don't see you deriving any benefit from this transaction. To pay off the other debts may be you talk to banks about a unsecured personal loan which can lower your monthly payments overall, if you are not able to get HELOC due to insufficient equity in the house.
Sanjeev Ahuja, NMLS #148731
Home Funding LLC
110 Jericho Turnpike Ste 214
Floral Park, NY 11001
Direct Phone 917-517-2552
NYS Registered Mortgage Broker, Dept of Financial Services, Loans arranged through third parties (NMLS # 885573)... more
Janiki, as others have said as Realtors we really have to leave it up to you to decide on the area..
You can check local police blogs for safety. The property is located within walking distance of a
commuter rails and a Planet Fitness - located off of 135Rte. It is convenient to both Natick and
Framingham downtowns, There are single family homes, as well as a condo community nearby.
Are you thinking of moving to Framingham? Please contact me directly and we can discuss what
is available. Thank you.... more
Buying a home can be both exciting and overwhelming for the first-time homebuyer. If you've decided to take the plunge into home ownership and have already started the search process, make sure you're