Bill Schmiett

"Broker"

I'm a:	Real Estate Professional
Company:	Mountain Ranch Realty, Inc.
Location:	Mountain Ranch 95246
Web sites:	Mountain Ranch Realty Home Page
Phone:	(800) 551-3060

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Bill Schmiett's Answers (12)

Can someone tell me more about the First-time home buyer tax credit. I qualify for this and was wondering

Asked Thu Aug 21 2008, 12:24 by Katy - Massachusetts - Home Buying - 3 answers

Bill Schmiett answered:

You may find a bank that is willing to make a personal loan to you for that period of time. You do realize that the credit is in effect a no interest loan which you must pay back to the government over the next 15 years at $500/year? This is also a credit against taxes you may owe, so if you end up owing taxes, the credit is applied towards what you owe, it's not a $7500 check from the government necessarily. - Thu Aug 21 2008, 12:30

Question removed

Asked Tue Aug 19 2008, 21:39 by Christine - Scottsdale - Home Selling - 8 answers

Bill Schmiett answered:

In CA if your home is worth less than it's appraised value, you can file an application with the assessor to lower your assessment to the current market value. Our assessor has processed 5000 applications for such reductions.

Obviously the laws of AZ are different, I'd check with your assessor to see if you have a similar structure in your county/state.

Good Luck! - Wed Aug 20 2008, 11:49

How can I get a list of recently purchased forcelosed homes in area code 48302?

Asked Tue Aug 19 2008, 11:06 by Marissa - 48302 - Remodel & Renovate - 2 answers

Bill Schmiett answered:

Your county recorder may be able to help you on this. You would need to look through the county records and separate property out that isn't in that zip code and look for a financial institution that was the grantor. You might also try a local title company. Disclaimer: Some states do not allow purchaser and seller information to be disclosed. - Tue Aug 19 2008, 13:44

Changing my Realtor/Broker

Asked Sun Aug 17 2008, 13:18 by Enzo - 92612 - Home Buying - 17 answers

Bill Schmiett answered:

I personally hate this kind of agent, who borders on the unethical. Once the deal is signed, you can't really replace him as he would be the procuring cause of the transaction. You can withdraw your offer at any time however and seek other representation on another home.

Find another real estate agent and find a new mortgage broker. I think you'll be happy you did. - Sun Aug 17 2008, 13:30

Can I make multiple offers? Am I at risk to lose my deposit if I have more than one offers accepted?

Asked Sun Aug 17 2008, 12:31 by Jim G. - Sacramento - Home Buying - 4 answers

Bill Schmiett answered:

Yes you can make multiple offers, but you should be VERY cautious about the wording of your offers to ensure you don't get multiple acceptances. You should have an out on each offer you put in, but you should also withdraw any offer if you have finally homed in on a single property. - Sun Aug 17 2008, 12:33

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