This would depend in part on if you are buying to live there for a long time, or for short term (1-3 years). If you buy for the short term, and then see prices dip, you may miss out on equity growth. If you buy long term, you may see prices go up and down several times, and have a better chance at timing the sale for an ideal market.
A Local agent should be able to help you with more specific details that would help you make a more informed decision.
Are you in GA or CA? If you are in CA where you are posting the question than I can help.
The problem may not be that the seller's agent is incompetent but that he is following the instructions of his client /the seller: which probably are get more time.
Does the seller have a contingency to purchase a new property? (This would not be unusual for a seller to have, especially in this market where there is little inventory and everyone is receiving multiple offers). If he does you maybe out of luck.
You need to go over the purchase contract with your agent and discuss your options and call your current landlord to see if you can get an extension.... more
Depends on your overall financials/assets--without any details as to salary, downpayment, etc.;--why not consider visiting with any qualified loan officer(s) and see exactly what your budget can handle, check your credit score--your officer will best advise you.... more
Basically, the answer is yes. For a FHA loan, you will need a minimum of 3.5% of the sales price as a down payment. For a Conventional loan, it is 5%. Depending on other factors, you may be able to use gift funds or seller contributions.
If you would like to get prequalified to see how much you can afford and the costs of obtaining a new property, feel free to give me a call at 909-226-5266.
Dunn Premier Realty & Mortgage
NMLS #244112... more
You need to push your agent to close the contract as agreed upon. You can offer to rent back to the seller to help them if you want.
A first time home buyer will not have claimed any mortgage interest on their tax returns. You will need to provide tax returns for the previous three tax years to demonstrate you have no such claim. If you have been claiming the interest, you will not be considered a first time homebuyer.... more
Well you can get a lot. There are homes with a view of the lake or a large home with a view of the hills. Really that is a good price range to find a move in ready home. Depending on style, size, location around the lake, weather you want a gated community or just out with everyone else. There is a great home in you price range available. Look at my profile and we can get together to show you around.... more
Meghan Honert here and in todays fasted past investment markets there are some real steals to be had in the High Desert of California. Twenty nine palms has one of the largest Marine bases and it also
There are several advantages to house hunt during the holidays.Less competitionOnly the most motivated buyers shop for a home during the holiday season. This means less competition, and less chance for
Hello Henry, Are you speaking about Trulia, Zillow or Realtor.com? They are suppose to be updating the status of the listings soon? The mls links I emailed to you will update themselves as a property becomes pending or backup only, etc. Let me know which ones interest you as I am in Apple Valley. You will need pre-approval to look and submit offers on homes of your choice. You may qualify for USDA Rural zero down program with a minimum 620 fico score.
Here is a link to check property availability to USDA Rural zero down loan. All of Adelanto is available for USDA Rural tho.
Sheryl Arndt, Real Estate Broker – Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
20+ Years Experience
Thank you for your inquiry.
The price you see is the default amount ($8010.00).....not the price of the home. This property isn't for sale....they are just letting you know that it might eventually go back to the bank, but no guarantee.
If I can help answer any other questions, don't hesitate to contact me.
Coldwell Banker, Big Bear Lake
Do you have an agent who represent you? If so she/he would be the first person that you need to consult. Your agent should be your advisor, source of knowledge, and go to person. It is part of service!
Here in Dallas is pretty much a seller's market and we see a lot of multiple offers. Obviously sellers will choose the strongest buyers such as those with 20% down payment with full price or above asking price offer. Better yet, some buyers are cash buyers. Looking at property as soon as the property hits the market is also important and if you like the property and the area, I would suggest not to wait. Often time I find buyers who want to wait and think about it for a few days. Well, in sellers market they will miss out on the home especially if the home is nice and ready to move in. Another suggestion is to make the term friendlier to the sellers. For example, if sellers need 45 days before they can move out and you agree to it (if your situation allows) and don't ask for their fridge or washer and dryer for free as you don't know how they will react to it especially if you are competing with other offers.
I hope this helps and good luck,
Susie Kay, Realtor®
GRI, CHMS, SFR
United Real Estate
III Lincoln Centre, 5430 LBJ Freeway #280
Dallas, TX 78240
Servicing your real estate need is my priority!... more
It is a great idea to get to know the area you wish to move to, prior to buying there. A good start would be to talk to local agents, friends, and co-workers to make sure you know all the details of the areas you will be looking in.
We have built a healthy San Diego business out of advising independent real estate investors, acquiring and managing rental properties for clients while providing superior housing alternatives for qualified
With out being able to see the past marketing you did on the property it is hard to say what you need to do because there could be many issues for lack of interest, including:
The property not being placed into the local MLS (Multiple Listing Service) so local agents can find it, (typically this is when it is being kept as a pocket listing).
Not being placed into the MLS with the correct location, descriptions, & codes causing it to not show up when agents search.
No pictures or bad pictures attached to the listing.
Location or condition.