Saw that you may be looking for a home in Columbia City? We have a home that we are going to be listing in Churubusco which is approx 10 mi east of Columbia City. It is a very nice home on two acres, 6years old, custom built. If you have any interest let me know and I will give you more details. Thanks, Amy
Hi Yamara, There are 3 reasons that a property doesn't sell; wrong price, bad condition and poor marketing. Take a look at these 3 areas with your Realtor and see where the problems lie, then make adjustments. If the condition is poor, you may need to lower your price or pretty it up with some fresh paint.
Perception is everything, if you can give the place a fresh coat of paint and shampoo the carpets it might make a huge difference, then take new photos. Make sure you have good curb appeal and show photos of the surrounding amenities, eg park , restaurants etc...ask yourself why would someone want to buy your home? Staging works and it doesn't have to be expensive (I'm the owner of a Staging company - Focal Point Designs, in VA), remember the 3 staging rules, clean, declutter and depersonalize, if the property is still lived in.
As to the market, have your agent do a broad market search, not just looking in your own neighborhood. Buyers are looking around your subdivision, not just in one place. Take a look at the sold in the past 60-90 days to get a more accurate picture of what the market is doing...
I hope this helps some.... more
If the sale price is good for you a land contract is a very good option, assuming you negotiate length of time terms that you can live with. I would try and negotiate something definitive on the purchase, not an option, unless you have an option to sell at any time as well. I recommend getting enough money down to offset the possibility of a foreclose, $6,500. is a decent amount. Also a fair interest rate to both parties. You have 3 options for drawing up purchase agreement, disclosures, etct 1) contact a RE broker 2) an attorney 3) doing it yourself. And then last but not least hire an attorney for legal advise and to get a solid land contract in place, I cannot quote fees for them, but this should not exceed $500.00 for something fairly straight foward.
Note:I specialize in home's that no one else can sell!
Have a nice day!
Alan Boyle, MBA
(260) 609-5993... more
In a land contract, the seller essentially becomes the bank. Along with sale price, the parties negotiate an interest rate and term. Normally at the end of the term (usually 1-5 years), the buyer pays off the balance owed or rolls it over into a mortgage through a bank. This option is nice for people with credit problems. It allows them to buy a home as they work on improving their credit in order to get a traditional mortgage.
The biggest thing to remember with a land contract is that TITLE TRANSFERRS to the Buyer. If the buyer defaults in a land contract, the seller must FORECLOSE on the buyer himself or herself. This can be a long process and a drain on resources.
In my opinion, LEASE-TO-OWN is a better option for sellers. There is no title transfer in this type of transaction until the buyer exercises the option to buy. In the case of default, the seller simply evicts which can be less time consuming and less a drain on resources.
There are some very distinct differences between LAND CONTRACT and LEASE-TO-OWN. Your REALTOR would be happy to explain those differences in more detail. If you are not working with anyone, don’t hesitate to email or call.... more
Why wouldnt you want to compensate your agent if he/she does in fact sell your home? Your agent should have had you sign the extension, as in Indiana only contracts that are signed are binding. However, as a Realtor myself, I dont think you fully understand that your agent works on commission only. There is no hourly wage, salary etc... Your essentially asking how to do I use a Realtors services without paying him/her for their labor. If you feel your agent hasnt properly represented you or met your expectations, then at this point your able to seek out other agents or do a FSBO. I wouldnt recommend that you continue to lead on your current agent, if in the end your plan is to stiff him/her on a commission. Would you like to go to work for the next couple of weeks, to then have your employer tell you, well you know, you didnt fill out this employement form correctly, so technically we dont owe you any wages. Sorry, but thanks for all your hard work!... more
Thanks for your post Sherrie.
I am a loan officer and I can help.
Here is the solution:
Like we clean our home we also need to clean our financial home. So the first thing you need to do is get a tri-merge credit report to find out just where she stands. You need the tri-merge since all credit bureaus are not alike.
Then you need to review the report for accuracy.
Third, dispute incorrect items. I do not care what folks tell you, NO ONE CAN LEGALLY REMOVE ACCURATE NEGATIVE ITEMS. While many will get them off for a month or so, they always pop back on.
All judgments need paid or have payment arraignments. Collections may need paid. Most times medical are ignored. If the last activity was more than two years ago LEAVE IT ALONE.
Your daughter will (most likely) have to document income for at least two years.
FHA (and other programs) are available for folks that demonstrate the ability and willingness to pay bills. I can go on and on but I don't have enough information. Drop me a email or give me a call at 317-714-8080. I serve the entire state of Indiana (along with the other 49) and I can give you more advise.
Tony Grego... more