That's a complicated question, because you need to first determine if the asking price is over, at or below the market value of the home to begin with. Then you need to determine the current status of the local market, and then take into account the days on market and condition of the home as compared to other homes like it...its not a black/white answer.
Currently the markets are on the upswing and we are seeing many many OVER ASKING price offers on new listings, this is a factor of reduced inventory, current low rates, and an overall positive attitude towards real estate going forward.
To sum it, it really depends on the situation and property.... more
The steps to follow are always the same:
Step #1 = Sit down and speak with a loan officer or mortgage broker and it is best to talk with a couple.
Step #2 = Find a Realtor to work with and tell them what you learned in step #1. They will guide you from there.
Good luck.... more
Unit 112 just had an accepted offer a few days ago, but they are still accepting back-up offers.
Are you looking to have your home designed and built by them in the community?
Shoot me an email. I can help guide you in the process.
Yuan's Team Realty... more
It is presented that you may purchase the building and the right for that structure to be on the land for $3140 per year in rent. This is under a 3 year lease. Many times these leases are for 99 years so you do not run into an issue with the land owners asking you to move your structure. They have the right to the land and not renew your lease after 3 years. This situation is happening down in Dennis, MA right now.... more
You will need a renovation loan. This time of year a bank is not going to close a conventional loan with the septic unless it's a renovation loan. By going with a renovation loan you will know you will close. You will need to set aside more for renovatoin need the full plans but it's done all the time.... more