Nothing is wrong with these houses and they are not in foreclosure. It is possible that there has not been to many people interested in them. If you would like to look at them please feel free to give me a call.
We as Licensed Real Estate professionals in NYS are very limited in what can be said about neighborhood conditions and surroundings. It sounds like you would be renting as opposed to buying. I recommend that you contact:
Admissions - Undergraduate
For lots of information.
MJ Peterson Real Estate.... more
If unfamiliar with the area, do visit more than once and at different times of day, possibly chat with locals/neighbors; for any safety concerns contact the local police department with all your questions, hear all there is to hear firsthand; real estate professionals are prohibited from steering, enticing a buyer to purchase/rent, or not, in specific neighborhoods.
Self employment is tougher, but with 2 years in you have lasted longer than most start up businesses. If your self employment is in the same line of work you were in previously it may be helpful. You'll have to apply with a lender to know for certain. They will look at all 3 credit scores and use your middle score for determining rate & programs.
Your income will be gone over with a fine tooth comb and they will likely average out the past two years to set your approved debt ratio and loan amount.
Improving your score may be possible as well. Some quick steps are to reduce any outstanding balances to 1/3 their credit limits. The more freed up credit you have the better it impacts your scores. Dispute with proof any derogatory information which may be inaccurate to each reporting company that has the inaccurate information. The higher you can get your scores, the better chance you'll have for approval and a great rate.... more
In order to make an informed decision and determine what will work best for you, do consult with any licensed loan officer(s); he she can best advise as to what should be done, so that you can be prepared when the time to purchase arrives; be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously. Also consult with your financial planner and or tax professional...... more
Well, I guess it depends what State and what area you are in. Out here in California sellers often offer a 3% cash back towards non-recurring closing costs, sometimes an allowance for new carpet or if there is a pest report, an allowance towards repairs on section I work. I think it's up to the agent to decide if there is a lot of competition in the market with foreclosures and something needs to be offered to make the house more competitive and easier to get into. Best, Terry Bell, Realtor, Santa Rosa, CA... more
Talk to some other loan officers with banks or lenders. I had a loan denied and moved the whole package over to Wells Fargo who closed it in 23 days. It can happen. Some lenders just are not easy to deal with, but others are. Make some calls.... more
This is a lender question that most real estate agents in WNY can't answer because we don't have the expertise. Every mortgage product and even lender may have their own guidelines. If you need Private Mortgage Insurance, the Mortgage Insurance companies also have their own guidelines. It is probably best to call a local based bank like HSBC, First Niagara or M&T mortgage departments.... more
Many young couples and small families, moreso that ever before, live work and play in Buffalo. I would highly consider talking to a real estate agent in either the Allentown or Elmwood area to discuss the lifestyle of the city. If you do not have children now, you are at least 5 years away from school.
If you must be in the suburbs and want the best school district, Williamsville is it. The elementary/middle high schools all have different strengths - some excel in science, others in sports or math.
See the link below for specific info on the WIlliamsville schools. Hope this helps. Let me know if you need any more information.... more
The only trouble you should have is the 20-25% equity requirement, and that the rate will be significantly higher than one on your primary residence. Other than that, HSBC and Key Bank both offer them to non-owner occupied investment properties up to 4 units.
Email me and I can refer you a great banker at Key Bank if you'd like.... more
Congrats on getting married. The best thing to do is start saving as much money as you can for your first house. HSBC offers a first time home buyer program that you should take advantage of. This program offers $4 in grant monies for every $1 saved over a 10 to 24 month period. Which will help you obtain a maximum grant of $7,500 for opening an account at HSBC Bank USA with only saving $1875.00.
Check out the link I provided for more details.
If you have any questions give me a call at 716-912-2915... more
we manage the sale of properties in the Buffalo area. The properties are all renovated, tenanted and managed by our local professional property management company. Price range between $25,000 and $50,000 with yields of 15% - 20%. We offer the complete hassle free package for the armchair investor including the set-up of an LLC if required.
Please visit our website for further details or contact me on. firstname.lastname@example.org... more