You do not have to stay with either one of them. Even if you had signed something, you have the right to say "Hey it's just not working out", and "I would like to go with someone else who shows me interest in helping me find a home". It doesn't have to be anything like that though, in all honesty I just be honest. It's better to cut ties now before you get to far in, and become really unhappy. Good luck, going forward.... more
Buying a home is not an easy task. After all you are deciding where you will spend possible the rest of your life if not a big portion of it. I bought my first home in 2003 base on my family needs. Now
The prices generally vary, but a new Title Search and Survey in the WNY area run from 1,000-2,200 from what I've seen. So the number you received seems be on the low end of what I would expect.... more
This past Monday, during a press conference to promote Upstate NY , the Governor Andrew Cuomo announced that IBM, will be bringing 500 jobs to Downtown Buffalo. The company will bringing the jobs to a
Fantastic 3 bedroom 1 1/2 bath home of over 2,000 sq ft. Huge kitchen w/ vaulted ceilings and loft overlooking 1st floor, living room and dining room with raised ceilings, & bathroom w/ Jacuzzi tub.
I live in the North Buffalo Area, and can tell you there is a good inventory of doubles in the area. Converting a single family home into a double could cost get very pricey. Factoring in the age of the homes in this area, dormers, boilers and any joist replacement get expensive. Reworking a classic double with the hardwood, and natural woodwork you probably want, is really the way to go. Good luck on your retirement, and I hope to see you in the Neighborhood soon!... more
Â In the last 35 years that I've lived in the Western New York area, we've seen our population go from 350,000 thousand people to just under 220,000 people. Over that time span we have also seen loss
All of the answers here have merit, but what this probably comes down to is how bad you really want the condo. I agree with the fact that the seller should have the repair done and in a perfect world it would be. But we unfortunately don't. So here is a way to try to get in the condo and appease the lender. Maybe ask if the agent can have the seller pay with a check, and you could pay the other half yourself to have repair done. I will say that I'm surprised at the lenders response, it's not fraud in my opinion and a credit is usually an easier solution than repair, because of time spent to repair, or get a repairman out there. In some cases, however it would require the mortgage transaction to have to start from the beginning. VA Loans also go through a separate appraiser who handles those loans because they're 100% backed by the government, so that puts you in a tough position. Your best case scenario is the personal check from seller and you have the issue resolved before you early occupy. Otherwise you would be probably be stuck fixing it yourself, seeing as though once you take possession it's hard to have seller have things done. Good luck, and keep us posted!... more
Have you always wanted to buy a new home? Do you know what any of the requirements are for FHA, Conventional, or VA Loans are? Did you know there are First Time Home Clubs with First Niagara, and M &
Have you had the chance to view Interest Rates lately? Currently they're hovering at the 4.35% - 4.5% range, not too bad! That said at this time last year they were closer to the 3.35%, most people won't
Naomi, their are many dynamics in play in regards to your situation. As others have pointed out, the bankruptcy will prove problematic which is why you mentioned that situation.
My advise to you is:
1. Contact a Buffalo Realtor to assess they type of real estate you are wanting to purchase. The type and price point are influencers that need to be recognized also.
2. Your Realtor will have an inventory of lenders who have a track record of delivering solutions on time under budget and without the hysteria.
3. Work with the referred lender to establish a path to a successful purchase. If not now, six month or 12 months from now.
Because the Realtor and mortgage broker have a symbiotic relationship, BOTH will be persistant in pressing to find a solution as soon as possible. New loan products come up at surprising frequency. All that will be required of you is LOYALITY and staying the course by reducing spending, saving a few dollars, paying on time and keeping that P/L in the black.
Does your business have receivables or inventory that can be applied to the lending process? Be sure to mention this when chatting with the mortgage broker. If the mortgage broker gives you the 'deer in the headlights' look, ask your Realtor for another referral.... more