Bea Rice - Ross Real Estate Services

You might want to try to come up with at least 3% down payment, allowing you to qualify for an FHA loan. FHA loans do escrow your taxes and insurance though, so that will add to the monthly payment. If you own your doublewide free and clear and have no other debt at all besides the car payment, then yes, do shop around with banks and mortgage brokers. Loan officers also figure in things to see what your debt to income ratio is. You have a car, so surely you have insurance payments? And insurance on your doublewide that, unless you plan on selling, you'll have to keep insurance, taxes, utilitites, etc. on the doublewide. All this factors into the interest rate you can qualify for. Also, talk to a credit advisor and see what you can do to quickly raise your credit score. There could even be mistakes you're unaware of that bring your number down. Good luck!
Bea Rice
Ross Real Estate Services - Flatwoods Branch
Ashland, KY 41101 - Sat May 31 2008, 08:59

A realtor should be able to comp your property unless it's extremely unique. 18 years is not that long ago when speaking of construction. You can also hire an appraiser. Good luck! - Mon May 12 2008, 16:09

Not sure which Ashland you're seeking help in, but the best thing to do is ask a Realtor to email you sold data for for townhomes for the past 12 months. Should be very easy - a two minute job! If you don't have a Realtor you can ask questions to, ask friends for a referral. Hope this helps! - Sun May 4 2008, 19:35

You'll have to be patient! Realtors don't waste their time and money advertising a home that they don't believe they can sell. More than likely, if your house is listed on the MSL in your area, it's already featured on several internet sites - most are picked up by Realtor.com and that's where most "out of area" buyers start. Buyers are taking more time to make a purchase decision. Keep the house clean, and wait for a nice warm afternoon for an open house. No, it won't sell during the open house, but perhaps someone will come and see it and tell someone they know about it! It just takes the one "right" person to come along, but it takes time! - Fri Mar 28 2008, 11:12

Hi Tammy. I'm a Realtor in the Ashland, KY area. My opinion would be that, as long as your house is being advertised and it's on the MLS, your Realtor is probably do all he/she can. We're experiencing a real estate slow-down. If there are several comparable homes on the market in your area, perhaps you can reduce your price to make it more appealing. You'll need to do something to make a buyer choose your home over another. Buyers are being more selective and are taking their time before making a decision. Have you spoken with your Realtor about your concerns? Start there.... many times (but not always!) the Realtor can only do so much and it becomes a "waiting game" for the right buyer for the property, but an average of six months on the market is not unusual. Also, all listing contracts must have a start and end time. Check to see when your contract expires. - Wed Mar 5 2008, 10:35