Home prices on Lake Shore Drive the past 12 months range between $150,000 for 1 bed condo with lake views to $2.3 million for new construction on the beach. The variables that affect values are lakeside or hillside, condo or single family, beach access, lot size, and age or condition of home. There are 6 distinct neighborhoods here, all with various beach rights, access and HOA considerations. Hope this is helpful.... more
It does not matter what they bought it for, it matters what it is worth as it is today. We have no idea what it's worth. Paying closing costs helps the buyer out with not needing as much cash in the bank to close because they pay some of your closing costs for you. It's the same as reducing the offered amount that same amount. I would make an offer on the house and that offer would included the appliances with a dollar allowance agreed on by you both.
I assume you are getting a loan because you want an appraisal to show the house is worth what you are paying.... more
Why can't you qualify for a mortgage loan? Did your lender give you any specifics or did they just turn you down? I work with a lot of realtors in LaPorte County and am a mortgage broker. Contact me anytime, I'd love to evaluate your situation.... more