48105 : Real Estate Advice

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Sunny, Both Buyer and Seller in Ann Arbor, MI
Sunny asked:
Looking for unfinished builds and project homes near Ann Arbor or Metro Detroit Looking for project homes and unfinished builds within 15 minutes of Ann Arbor to the west, and up to an hour north and east. Looking for project homes and unfinished builds within one ...
0 votes Share Flag Tue Jun 26, 2012 Home Buying in Ann Arbor
David Wallner, Real Estate Pro in Ann Arbor, MI
David Wallner answered:
$550K home in Ann Arbor, MI with less than 20% down --> Mission Impossible?
Nick,

My suggestion is to NOT broadcast your financial information on the internet. Talk to a reputable mortgage lender to work out a strategy. I am happy to help with real estate ... more
0 votes Share Flag Sun Jun 24, 2012 Financing in Ann Arbor
Karen Paytas, Real Estate Pro in Clinton Twp, MI
Karen Paytas answered:
Can I somehow use my husbands income without putting him on the home loan to buy a house?
As far as I'm aware you would have to have him on the loan to use his income.

Good Luck,

Karen Paytas, GRI, CMS
Realtor
Real Living Kee Realty
586-709-8465
kpaytas@mirealsourc ... more
0 votes Share Flag Wed Oct 10, 2012 Home Buying in 48105
TyrenePasco, Real Estate Pro in Detroit, MI
TyrenePasco answered:
Are there any hard money lenders in the Ann Arbor/ Ypsilanti area?
Yes indeed Ra Clayton it's many and the area, you will have to become more direct on matters far as what type of investment loan, how good is your credit, Do you have a credit history ... more
0 votes Share Flag Sun Jun 3, 2012 Financing in Ann Arbor
Martin Popp, Real Estate Pro in Howell, MI
Martin Popp answered:
Is leasing a property to own, a good idea?
This is pretty much depending on your situation. Are you looking for a short or long term residency. Are your finances in order to qualify for a loan? If you plan on a 3 years or more ... more
0 votes Share Flag Mon Apr 30, 2012 Home Buying in Ann Arbor
James Ryan, Real Estate Pro in Leesburg, VA
James Ryan answered:
Your site says my house is off the market, that's inaccurate. How can I change that?
Cute house. If you are listing through an agent, the MLS system is updated in Trulia often, so it should correct itself. If your home is FSBO, I do not think Trulia picks that up unless ... more
0 votes Share Flag Tue Sep 8, 2015 Home Selling in 48103
David McNama…, Real Estate Pro in Ann Arbor, MI
David McNamara answered:
Looking to purchase for a daughter going to grad school at UM. Safety and proximity are main concerns, then price. Sugggestions?
It just depends on your price range, your daughter's school, campus, etc. Give me a call and we can discuss some options. 734-476-9768. Or email at david@foxwayrealty.com
0 votes Share Flag Sat May 5, 2012 Home Buying in Ann Arbor
Brian and Ma…, Real Estate Pro in Ann Arbor, MI
Brian and Mary Bundesen answered:
What are the highest rated school districts in ann arbor?? I am basing my home purchase around this. Budget 150k and need 3 bdrm w/ basement.
Hi Nikki: Thanks for your interest. Ann Arbor is a great town, with a very highly rated school system. I had both my kids go through the system, and they got a great education. For rati ... more
0 votes Share Flag Tue Sep 8, 2015 General Area in Ann Arbor
Jodi Anne Ro…, Home Buyer in Waterford, MI
Jodi Anne Ross answered:
Is it a good idea to rent to own a house?
owning you are not dumping mony into something you'll never own
0 votes Share Flag Wed Apr 11, 2012 Home Buying in Ann Arbor
Tom Stachler,…, Real Estate Pro in Ann Arbor, MI
Tom Stachler, ABR,CDPE answered:
What areas in Ann Arbor are likely to appreciate in the next 5 years?
There are many areas that will appreciate more than others to unique and diverse to mention individually. Good reason to have a buyers agent to help you ID them.

More buyer tips a ... more
0 votes Share Flag Sun Mar 11, 2012 Home Buying in Ann Arbor
Kathy Toth, Real Estate Pro in Ann Arbor, MI
Kathy Toth answered:
Question of the Day: What makes a great buyer's agent
A great buyers agent is a counselor, listener and guide. A great agent provides the resources you need when you need them. Other professionals that may be sourced are lenders, inspect ... more
0 votes Share Flag Wed Apr 11, 2012 Home Buying in Ann Arbor
Haig Istambo…, Real Estate Pro in Madison Heights, MI
Haig Istamboulian answered:
What are some tips for renters before signing a lease?
Hello,

I always suggest an inspection either by a pro or yourself to reveal any potential issues that may arise. The biggest recommendation I make to my clients is to take pictures o ... more
0 votes Share Flag Tue Mar 6, 2012 Rental Basics in Ann Arbor
Joe Bertera, Real Estate Pro in Plymouth, MI
Joe Bertera answered:
What's the typical process when buying a short sale?
The short sale process generally takes on average 3-6 to complete. Once a buyer places an offer on a house that is listed as a short sale the negotiations first take place directly wi ... more
0 votes Share Flag Mon Mar 5, 2012 Home Buying in Ann Arbor
Haig Istambo…, Real Estate Pro in Madison Heights, MI
Haig Istamboulian answered:
What are some tips for first-time home buyers?
Hello,

First and foremost, go and talk to a lender to get Pre-Approved to see how much house you can afford. Once you do that, interview a few Realtors to see who "fits" wi ... more
0 votes Share Flag Sun Mar 11, 2012 Home Buying in Ann Arbor
Eric Michael, Real Estate Pro in Northville, MI
Eric Michael answered:
Which costs are potentially negotiable in closing costs
Depending on if the home is private-owned or bank-owned (REO), you can try to negotiate for seller concessions. This means that the seller would pay a percentage of the purchase price t ... more
0 votes Share Flag Sat Mar 3, 2012 Home Buying in Ann Arbor
Stephen Conn…, Real Estate Pro in Birmingham, MI
Stephen Connolly answered:
What are some surprises that first-time buyers encounter when purchasing a home?
If you work with a competent Buyers Agent that takes alot of the surprises out of the equation. You should also work with a highly recommended mortgage person. This should be your first ... more
0 votes Share Flag Thu Mar 1, 2012 Home Buying in Ann Arbor
David McNama…, Real Estate Pro in Ann Arbor, MI
David McNamara answered:
What would you list these for, what would you sell them for, and how would get that price?
As with all things, it really depends. How are the tenants and how do they treat the property? It has taken me longer to sell an income property or even rent one out when the tenants ... more
0 votes Share Flag Thu Feb 16, 2012 Home Selling in Ann Arbor
Brian and Ma…, Real Estate Pro in Ann Arbor, MI
Brian and Mary Bundesen answered:
Realstate investment via LLC
Thanks for your interest. There are banks willing to finance investments, and I'd be happy to help you. I also run the Ann Arbor Area Real Estate Investors Club, which is dedicated ... more
0 votes Share Flag Sun Jun 24, 2012 Financing in 48103
TyrenePasco, Real Estate Pro in Detroit, MI
TyrenePasco answered:
Purchasing investment home via LLC
Hello Dan not a problem ! I would be glad to assist you down the right path of home ownership, I know plus work with Banker's at JP Morgan Chase, Do you have a special Home you have yo ... more
0 votes Share Flag Sun Jun 3, 2012 Financing in Ann Arbor
Missy Caulk, Real Estate Pro in Saline, MI
Missy Caulk answered:
If you sell or repurchase your home before the redemption period expires, does that still show up as foreclosure on your credit history?
Hi Mdude,

No it does not show up as a foreclosure; however your credit in general will have lost points due to the late payments. If all else is current on your consumer debt, it sho ... more
0 votes Share Flag Thu Feb 9, 2012 Foreclosure in 48103
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