Of course you owe it back! The tax credit came with stipulations that you were unable to adhere to. It's not free money! That is taxpayers money, and the IRS will come looking for it eventually. I would advise you to contact the IRS and set up a payment plan before they have to come looking for you. Be proactive.... more
I believe you have to be a licensed broker to list property on MARIS. If you're thinking of selling, why not hire a professional? I'd love to talk with you. You can reach me any time at 314-504-1131.... more
How long ago did you sell the home? Generally the waiting period is 3 years. At that point you should qualify for an FHA backed mortgage as long as you have taken steps to rehabilitate your credit rating.... more
We do have a significant student population in Dutchtown, but the proximity is to St. Louis University and Washington University. Dutchtown (a south St. Louis city neighborhood) is roughly 18 miles from the UMSL campus in Normandy (a near northwest suburb).... more
The appraisal cost will vary based on the overall value of the home. An expensive property will require a higher appraisal fee than a more modest home. You should check with your lender about this. If you do not have a lender yet, I would be happy to recommend a few in the St. Louis area.... more
I work with many out of town and local investors who re sell and who also flip homes in the St Louis Market. I find distressed homes and turn key homes depending on the investor's criteria. This year alone I have helped purchase 15+ homes for 5 different price range companies and individuals.
Please feel free to call me with any questions/concerns.... more
The housing market in the St Louis area is doing well at the moment. A balanced market is 6 months worth of homes on the market. At the moment we are back to 6-7 months worth, depending on what section of the Metro St Louis area you live in. Interest rates are extremely low and buyers are tired of waiting. In my office, we're back to seeing homes that are priced correctly for their features and condition selling in a week to a month, sometimes with multiple offers.
I would suggest that you read today's article in the St Louis Post Dispatch about the housing market in St Louis http://www.stltoday.com/business/local/are-st-louis-home-prices-near-a-bottom/article_a2510726-a6af-11e1-a910-001a4bcf6878.html
Over a third of the homes being sold at the moment are under $200,000 and half are under $250,000. That doesn't mean that more expensive homes aren't selling, it means that the first time buyers have to buy first so the next tier of buyers can move up, which allows the tier of homeowners above them to move up in many cases. It is also indicative of the buyers at the top being more particular about the homes that they are buying.... more
No, they should not be able to attach a lien to your mobile home. Again, I am not an attorney, so you should be asking these questions from a legal representative to ensure your question is answered completely.... more
The short answer is no. The short sale will not be affected by owning a mobile home that you are using for a permanent residence. Factors that may affect the short sale would be the amount of liquid savings you have, etc. To ensure all your questions are answered correctly, I suggest contacting a real estate attorney. One that I recommend is Elizabeth Kayser at the Kayser Law firm 512-218-0301 or 866-995-4887 or 727-458-3203.... more
Is owner financing a possibility? The seller will have a hard time selling since it's not FHA-approved. That's strong incentive for the seller to help facilitate the deal. Since you've got a lot of cash, you might start with a more conventional offer (10%-20% down) and then be willing to increase that up to 50% or so if needed.
Recognize that the condo is worth less than if it were FHA-approved, so make sure you're not overpaying by basing its value on approved condos.
Not sure if it would apply, given your circumstances, but it may be worth your time to talk with your financial institution or a mortgage officer and inquire about the possible applicability of a 203k loan. http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/203k/203kabou Hope you find this helpful.... more
Stagging is a big key to selling your property, along with curb appeal. Most stagging companies are going to, charge you 2 months rental minumum. There is huge value there. In most instances if you dont sell your home in 30 days, you do a price reduction of incriments of $5k. Investing $1200 with potentials offers, is a much better business decsion. Ask your staggers their average days on market, most have 30 days or less. Dont hire a friend or some one that thinks they know how to do it. Hire a professional.
Southampton is a great area - we sell and buy homes there all the time. It consistently maintains its market value - it has a very diverse demografic which makes it popular with young buyers. The homes are beautiful, and neighborhoods are friendly - give us a call or email if you need more specific information. hartmanandwynn.com or 314-374-7653 or firstname.lastname@example.org... more