Karen Hurst

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Karen Hurst, in Rhode Island
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About Me
Rhode Island Realtor serving Warwick, Cranston, East Greenwich, North Kingstown and surrounding areas.
Specializing in beach, waterfront and REO properties.
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Karen Hurst's Questions (0)
Karen Hurst's Answers (7)
G, Home Buyer in 02893

If I like a house for sale and make an offer lower than actual price and get outbid will I be notified?

Asked Thu Oct 16 2008, 17:59 by G  -  West Warwick  -  Home Buying  -  6 answers
Karen Hurst answered:
Hi G.
As the others have been trying to figure out, since you say this is not bank owned or a foreclosure, because you mention the "bank", they are guessing it is a short sale. If it is a short sale, the Vero Beach Realtors have already answered that part. If it is a for sale by owner, they can do whatever they wish. You could ask that they notify you if there are other offers, which is what a Realtor would do. However, no one can tell you if the other offers are higher than yours, so you would have to put in a "highest and best" offer. If you would like buyer representation, drop me an email. You can contact me from my website, below. Either way, Good luck and I hope you get your new home!!! - Fri Oct 17 2008, 06:29
David, Home Buyer in Cranston

I just moved to RI 2 weeks ago and started looking at homes. I have found one and was wondering what the

Asked Wed Jun 25 2008, 06:50 by David  -  Cranston  -  Crime & Safety  -  4 answers
Karen Hurst answered:
That neighborhood consists of both single family residential and tenant occupied. When a neighborhood has tenant occupied, sometimes there tends to be a slightly higher crime rate, but to my knowledge, it is a fairly nice neighborhood. Definitely call the police department in Cranston, they can give you up to date statistics. If you are working with a Realtor, maybe he/she could help you. Good luck in your search! - Wed Jun 25 2008, 07:11
Erin, Home Buyer in Rhode Island

I am looking to purchase a 3/2 home in western cranston area. I earn 50,000 a year. The prices seem very

Asked Thu Jun 12 2008, 07:45 by Erin  -  02921  -  Home Buying  -  5 answers
Karen Hurst answered:
Not sure what you mean by a 3/2 home? There are still programs for first time home buyers available. Right now if you want to wait a year, then save as much as you can and make sure your bills, (credit cards, car payments) are paid down as much as possible. You will need a good credit rating. As for whether or not renting is better, some people seem to think so. I personally think I would rather be paying a mortgage on my own home instead of throwing it out the window with no return at all. Even if the house didn't appreciate, it's still your house. Prices are still going down, and you should be in a very opportune time in a year for buying. Don't get discouraged, where theres' a will theres' a way!!! - Thu Jun 12 2008, 08:31
Jenna, Home Buyer in Rhode Island

We are obtaining FHA financing on a bank owened property. We were told by the lender that a home inspection

Asked Wed Jun 4 2008, 06:12 by Jenna  -  02878  -  Home Buying  -  3 answers
Karen Hurst answered:
This is very typical. After the inspection you can either renegotiate your price, take out a larger loan to cover the costs of repairs, or buy another home. If you take out a loan to cover costs of repairs, you will need to obtain signed contracts from licensed companies. It can be a lot of work getting everything together, so be prepared. Your Realtor should be able to guide you through this and Good luck! - Wed Jun 4 2008, 06:40
Kim, Buyer & Seller in Rhode Island

I am selling my home to relocate. Will a short sale with no bad credit affect our chance to get new home?

Asked Sat May 17 2008, 13:55 by Kim  -  02886  -  Market Conditions  -  7 answers
Karen Hurst answered:
Kim, I suspect that when you say "short sale", you mean when you sell your home, you are going to be "short" in paying your Realtor and paying off your loan...Normally, a short sale is something different and yes a short sale would affect your credit, just like a foreclosure. If you are simply "short" the money you now owe, if you pay it (set up a payment plan with whomever you owe it to) then your credit will be fine. If you are never late on bills (including your mortgage) then your credit should be fine. - Sat May 17 2008, 19:06
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