Mary

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Mary's Questions (4)

Mary's Answers (5)

How can an individual do his own CMA analysis? Any resources available to the common man/woman?

Asked Sun Jun 15 2008, 06:15 by Norm Peters - All locations - Home Buying - 3 answers

Mary answered:

Trulia website can help you search for recently sold homes in the area you are looking at. Also, most local governments have free access to home information (address, sq. footage, sold price and date, etc.) You may be able to find this info located in the local government real estate tax assessment website. Also, do a comparison on number of bedrooms, square footage, garage or no garage, age, schools, local amenties and crime stats and you will come up with a ballpark figure. Don't forget to factor in the declining market and the fact that some sold homes also include a closing cost rebate to the buyer that is not reflected in the sold price. Then, drive around and look at the homes. I may seem like a lot, but I don't think it's that hard to do. - Sun Jun 15 2008, 06:38

Thinking about buying, but terrified

Asked Wed May 28 2008, 07:53 by Meredith - Clintonville - Home Buying - 43 answers

Mary answered:

You should be concerned - perhaps not terrified, but concerned, yes. Above all, do not put all your trust in a realtor. Do your own research - about your own finances (current/future), the market and the economy. Do what is right for you when it is right for you. Take your time. Home prices are still declining at this time. Good luck! - Wed May 28 2008, 12:53

For an asking price of 499,000 is a $350,000 offer too low?

Asked Thu May 22 2008, 09:45 by Tanya - 02465 - Home Buying - 23 answers

Mary answered:

Don't forget that Dr. Yun is paid by the NAR and is hardly objective. For more objective views of the economy and home prices, check outhttp:// www.patrick.net articles and discussion - and, look around you at gas prices, food prices, travel, home price trends, etc.. - Wed May 28 2008, 10:24

I have been working with a real estate agent for over 2 years. She has shown us many houses and worked

Asked Fri May 23 2008, 07:13 by Vadim Bender… - Newton - Home Buying - 25 answers

Mary answered:

Question for OP: Did you sign a contract with your agent? If so, when does it expire? Have you contacted the FSBO home owner yet? - Fri May 23 2008, 07:53

Short sale offers - for what length of time are they accepted?

Asked Tue May 6 2008, 10:57 by Mary - All locations - Home Buying - 5 answers

Mary answered:

Is it safe to say that offers can still come in until the bank accepts an offer or rejects all offers?

In other words, if it takes 2 months for a bank to make a decision, offers can still come into the bank up to the last week or so before a decision is made? Or, at some point: (1 month? after 5 offers?, an offer over list price, etc.) does the seller decide he/she has enough offers to give to the bank and stops accepting more offers? I hope my question makes sense. - Tue May 6 2008, 12:07

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