Susan G. Mcguire

Congratulations.
8 months is a long time to look. I hope you enjoy your new home. Talk to your Realtor about what is making you nervous about the closing. Be prepared to sign 9,000 documents. If you like to read everything see if your Realtor can get a set of docs for you before you go to closing. You won't have time to read them at closing. Ask your Realtor if you can get a Home Buyers Warranty 250.00 to 300.00 before you close money well spent. It in most cases the warranty will cover those little things you don't know about for the next year and get them repaired or replaced. If you have family that wants to get you a house warming gift take up a collection. Relax and have fun.
Susan - Mon May 19 2008, 08:08

Hi, I just joined trulia and was scanning for questions and your caught my eye. I am currently specilaizing in Section 8 home purchases. You have an excellent chance of purchasing a home. I am working with a lender who also specializes in SSDI and Section 8. You would not believe the low interest rate available and all the downpayment assiatance programs. Section 8 requires the home you purchase to pass the inspection process just like you have now for where you are living. I can't tell you how excited I would be just to talk to you about this great opportunity to buy a home. Please call me at 303-587-4306. Susan - Fri May 9 2008, 18:41

Brighton Future looking Bright. Area is on fire. I actual had five offers on one property. Small price war. It has been a long time since I have seen that kind of market. TIP>>>>Brighton has a wide variety of taxes. Some subdivisions have a very high property tax. The taxes can impact payment and what the buyer can qualify for in a purchase price. Lochbuie has some nice homes as well. Not all modulars. I'd be happy to help your client's relative. Susan - Fri May 9 2008, 18:28

Hi, When I work with a Buyer I have them will out a form I developed that helps us determine the needs and wants of their future home. This shopping list includes area of town, bedrooms, bath and condition of the property. IE money available to fix up or move in ready. Then we start the search. I look for homes that have everything the buyer wants first in their price range as determined by a qualified lender. Then we start hunting. When the Buyer finds something they like I do an analysis of the Solds in the area to help the Buyer determine what price they want to offer.

As a specialist in REO's (Real Estate Owned by Banks) I know that a bank will order (at least 3) what is called BPO's (Broker Price Opinion). Three Real Estate agents will take pictures of the property and do an analysis of the solds. A mini unofficial and less expensive Appraisal if you will. This gives the bank a good picture of the value of the house. The bank then has to determine how much to price the home at and usually takes a loss due to declining property values. They are usually competitive with others that have sold. A Home Owner runs into the problem that they have a set Mortgage amount and Realtor costs that are perhaps higher than the current value of he home. With the large number of foreclosures and HUD properties in this market it is hard not to look at foreclosures. A lot of the foreclosures just need a little fix up or appliances and paint and some need everything. It stands to reason if a home owner can't make the Mortgage that they can't afford general maint. In my book everything that meets all the Buyers wish list items and within their price range is competition. As far as being a Seller pricing the property correctly according to the SOLDS in the area evens out the game. I hope this gives you an insight into my opinion on the matter. If I can be of service any further feel free to contact me. Susan - Thu May 8 2008, 21:31

Great Question!!!. As an Agent I would prefer to show you properties after you have been qualified. I would not want to have you "fall in love" with a house only for you to find out you can't qualify for it. It is in my professional opinion best to know what price range you qualify for with a mortgage company and what payment you are comfortable with. Aurora Colorado Susan - Tue May 6 2008, 12:55