I just went through this on a sale 2 weeks ago: they do a pretty basic inspection, if you want to get a more detailed inspection say for mold, any crawl space issues, foundation/structural, window defects, plumbing issues, electrical wiring (detailed inspection) , if there is a fireplace , termites, etc. this would all be done by a Home Inspection not by the towns C/O dept.
It is pretty much your call, if the house appears sound it very well could be, if it is older, or you see issues already of course you should get one, on the other hand, if you know any contractor friends, famlly members et, they can do a similar inspection for you as well.
The prices in the Crestwoods should not rise significantly in the next few years. I can tell by your question that you already know a lot about the co-ops . They will always be a good deal for the money due to the fact that you can not get a mortgages to purchase one. In any market,when you need a cash buyer you have to have a lower price point due to the limited number of possible buyers.... more
Working with Lexington Law is a good step in the right direction. There are really a lot of variables with traditional financing and with seller financing. I see you are already in Whiting so you probably know about the co-ops in the Crestwoods. I know a couple of good mortgage brokers that have had success with "outside the box" financing. I would be happy to give their phone numbers to you if you like. Good luck.... more
Hi Dawn. In my opinion, you have nothing to worry about. Prices will not rise in 2011 and if they do, it's an anomaly and minute, probably very localized. Prices will continue to drop because of unemployment.
Scott Miller, Realty Associates, Boca Raton, FL... more
Dear Irene: From recent experience, you can get a mortgage although not through FHA. A Conventional loan would be possible if the buyer has funds for a larger down payment than FHA reguires for their loans. Nancy... more