As you can see many hands will raise to try to get your business, the true is the all realtors are licensed, and most of them will do a great job to help you out, all I can say is to try to get some one familiar with this particular city/area to make sure they can advice you about changes in Dallas flood zones, the premiums for flood insurance are just not affordable and just wait until you try to sell your property, no one wants to see them, just few weeks ago a new area was tagged flood zone and the prices went down about 10% but the houses are still there, during the 1996 flood some of Dallas areas got some street water but the government went ahead and labeled a large area and all those homes went down in value, the flood deal is just one of many issues your realtor need to take care of for you, hope you find the one that will make your dreams come true. There are some great areas in Dallas I just sold two homes in the North side of town... more
Well, obviously not all properties are priced equally well, and some show way better than others. But sometimes we are just incredibly fortunate to have the right buyer come along right away for a distinctive home, and sometimes that buyer doesn't need to buy and come along till a year later! If the property shows well and offers a popular floor plan and is priced under about $275,000 in a good location, it should sell fairly quickly. If it doesn't, more often than not there is something not quite right. We can't change locations, but maybe condition needs to change and often price needs to change. Sometimes agents don't give honest enough feedback after showings, and sometimes listing agents don't ask specific enough questions. For example, are there smells from a catbox or old cigarettes in an ashtray, even outside? Are there clothes on the floor and messy kitchen counters? Those things will jinx any property! Sometimes we need to deliver tough messages but avoid them.... more
Naturally down payment amount and purchase price are the big questions and have the most impact on payment. You can buy a small house in Monmouth under $125,000.00 so lets just say $100 K since that will make for an easy multiplier. Just providing a rough estimate assuming a small down payment you could have a payment in the range of $550-750 per month or less. Again, no representation about rate, down payment property taxes and insurance specifically but just for a range. In that area there are numerous programs with as little as zero down.
Stuart Brown Valley Mortgage Group at Willamette Valley Bank... more
when would we move in? .my wife and i r geting r taxes back this month or early next month. we boath have full time jobs. im a supervisor at dairy queen and my wife is the head cook at independence health and rehab.
Yes - OBAMA has created a tax that will be added should you not close escrow til Januray first that you would not have to pay if you close December 31st this year. That is why some sellers have said if it does not close by today - you will not close at all!... more
A good appraisal should cover the three main theories of asset valuation: replacement cost, sales comparable, and income. While estimates of value are derived using all three approaches, usually one is more useful than others. A competent appraiser will select the best one with consideration of the following:
For a single family home, the sales comparables would show you what the closest matched home recently sold for. This gives you the best estimate of what somebody would pay for your home. But, it still has serious limitations in that the sold price is a snapshot of the market in history, usually at least 3-4 months ago. So, prices may have moved significantly in the meantime.
For an investment unit, the income approach is best since the largest target market of buyers are other investors and they value properties based on income generated.
The replacement cost approach is really useless in real estate, except for the insurance company's sake. A 50 year old home may cost $500K to replace but has only $50K in value to buyers. You may get some use out of this approach for a brand new home.... more