Rob, the 203k does finance above the value of the home BUT the buyer needs to put 3.5% of the acquisition cost+ rehab work. If those figures equal over 100%, FHA allows it up to 110% or 35k in rehab, whichever is less. However, the buyer should still be expecting to bring money down UNLESS it's for a HUD home in which you can do a $100 down HUD 203k.... more
There are 971 properties on the Lawrence MLS market here right now. 1,500 properties SOLD in the past 12 months. If the same number of homes are SOLD in the next 12 months we will run out of houses in 7 to 8 months. Most of the houses that are going to be put on the market for 2008 are already on the market but a few more will come on and maybe more as home owners learn of t! he shortage that will be coming.
The numbers for just Eudora are 48 properties on the Lawrence MLS market here right now. 82 properties SOLD in the past 12 months. If the same number of homes are SOLD in the next 12 months we will run out of houses in 6 to 7 months.
Again this data is from the Lawrence MLS only and does not represent other MLS's where Eudora homes are listed not does it include the homes of unrepresented sellers.
If you would like a time range of how long it will take to sell your home in Eudora based on its features, price, location, or condition just email me.... more