Takes a little more time...ok could be a lot more time! It could be a long process, but the first step is to go out and see if you even like the home, write an offer, and your buyers agent can take it from there!... more
The closer you are to a train station the better, always. Convenience is a huge factor in determining where to live. While there are some who might prefer not to be within site of a station or be bothered by the sound of trains going by, there's a much larger group of people who pay the premium for the shortest possible walk to the station.
I think a station nearby can only increase your property value.... more
Well, why did you switch??? how long ago did you did you switch??? did you go back for second look already?? Why?? because the current agent presented to property to you??? does the current agent know another agent showed you the property previously???? did you .......?
Without a doubt, you always -- ALWAYS -- want to visit your local building and/or inspectional services department and ask them these questions. Every town is different, so you want to know the local regs and guidelines so you don't get hammered for doing something the wrong way. Some towns are more strict, some are more lax. But make friends there, emphasize that you're there because you want to do it the RIGHT WAY -- they love to hear that! -- and you'll surely be in their good graces, all the while making invaluable contacts in the process for your next project!... more
Maria, your situation is interesting, so I asked a lender (someone I have worked with a lot and trust) about it, and here is his reply and suggestions:
"The rule is in place and is real, it has been around for a few years. Several years ago, there was a lot of â€œhome flippingâ€ between family to get around the rules of lending... The rule is so generic it defeats the purpose in many cases such as what her family is doing.
Does the home need enough work that it would go into a rehab or construction loan?
I would have to check with the real estate law on this, but they could all buy the home, have the sister be the only one on the mortgage and the rest on title. After she gets the loan just remove everyone."
That last suggestion sounds like a good one, if all of your siblings are on good terms. If you want to pursue this, give him a call:
Vice President, Mortgage Network