Home Buying in Lawrence>Question Details

Kellen Selk, Home Buyer in Lawrence, KS

I want to buy a house that has 3 bedrooms with non-egress windorws, what does this do to the value?

Asked by Kellen Selk, Lawrence, KS Thu Feb 12, 2009

The house is an earth contact home with three bedrooms, non of which have egress windows. The house was built before these codes were in effect. But will a bank loan money on a house like that? What does this do to the value?

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Hi Kellen,

I have such an earth berm home listed right now (see link below). Local banks may loan money on these homes but it is considered a non-conventional loan.

For expert advice on home loans, I would suggest you get pre-qualified and ask questions through Bob Buchanan at 785-979-1073.

As to the value, an earth contact home has tremendous utility savings value, lower exterior maintenance value, lower value when it comes to re-sell on down the road due to difficulty in getting a non-conforming loan
over a conventional loan.

Please feel free to contact me if you have any further questions.

Thanks and "Don't keep me a secret--I'm never too busy for your referrals!"
Rob (FREE Home Warranty and FREE Home Values Report with every home you buy or sell through me!!)
Rob Lang, CRS, ABR, ePro, GRI, CFPS Realtor®
Sellers http://www.MLSPlease.com (Marketing homes to 3 MLS's, to over 10,000 websites, "Showcase" Realtor.com listing, and virtual tours)
Property Searches http://www.LetRobDoIt.com
Places for Rent or Lease http://www.KSLease.com
Blog http://www.ActiveRain.com/blogs/langrob
Realty Executives, Hedges Real Estate (three convenient locations)
(Serving Lawrence, Eudora, Baldwin, Topeka, Olathe, Tonganoxie, Leavenworth, Kansas City, McLouth, Wellsville, Ottawa, Berryton, Tecumseh, more)
300 Rockfence Place, Lawrence, KS 66049
1037 Vermont, Lawrence, KS 66044
I'll meet you at the location of your choice!
785-393-2274 (cell) 206-339-3199 (fax)
1 vote Thank Flag Link Thu Feb 12, 2009
Very difficult to finance. You can get a loan, but not easy to finance. Peter Lindner- Valley Inc., Realtors
0 votes Thank Flag Link Thu Feb 12, 2009
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