updating my question.
1) we do not want to sell our honolulu home. The home was valued at $440,00 when we first purchased in 2001 and is now $803,000 and is continuing to rise.(rent is also on the rise)
2) would it be better if just cashed out for the down payment for the house (about $70,000) and refinance it to 15 year mortgage.
3) refinance it for full value of the reno home which is $350,000 and do a 30 year mortgage.
I just started working with a LO in honolulu she is insisting doing a cash out of $350,000,and having our rental income cover the mortgage. I would like a second opinion, because I told her about our credit score of 622, and she just shrugged it off and told me send her our papers (w-2, 2 years of income tax returns and so on)
My credit score of 622 worries me.... more
Please give a call to Brian Tom at 516-448-2434 or email him at email@example.com.
Not only will he have the answers to your questions; if anyone can help you, Brian can!
Anne make sure you check with your zoning board to see if this is legal or not. More and more people are coming to me with the idea of mom, dad or a friend living with them but with seperate quarters. With health care in the state that it is, the economy and difficulties of taking care of a loved one long distance, has made this into the option of the future. People are pulling their resources together to purchase homes but want their privacy. I think it is a very good idea!... more
If your son is a NYS licensee, he is free to work anywhere in the NYS, and be entitled to commission. However, he may be better off referring you to any local agent for a referral fee, especially if he does not have access to the local MLS system...... more
There is a legal process your attorney must follow to force the closing or the cancellation of the contract.
Please speak with your attorney...he should be willing to explain the process to you.... more
What you need is Buyers Agent that has experience in Land Development. As a former contractor and excavator for 20 years I can tell you that though there are a number of agents that have sold raw land, few know how to actually develop it.
To give you some idea as to why prices vary: FIRST we look at location, SECOND we look at topography and THIRD we look at utility services followed by BOHA.
If you are interested in working with a Brokerage that has this kind of experience, I'd be happy to assist you personally. Our web site is : http://www.slpnyct.com. Feel free to call or e-mail.... more
What is your agent advising--and if you don't have one consider the services--comps for this property do exist and your agent can review the data with you in order to determine a fair offer--however, you can offer whatever you like--there are no set standards as to percentages off on any property, the worst case scenario is that the seller will say no or give you a counter offer.... more
Are you working with a professional full time Realtor? That is the best person to give you advice on a specific situation such as yours. You can't really give a generic answer to a question like that.... more
Only person who can answer that is your Mortgage Loan Officer. I do not see why they would not, but the devil is in the details and those details are in the note you signed.
If you don't get a good response, I would speak to other lone officers at different banks to see what they can do for you. A great source is the Credit Unions so you might want to look at HVFCU.... more