Hi. I'm sorry to hear about your parents' home. Have they talked to an attorney and a consumer advocate? Neither will charge them any thing out of pocket and we may be able to have the bank agree to a short sale instead of foreclosure which will have much less impact on your parents credit and they can discuss if they can avoid a deficiency or not.
For you and your friend purchasing, which bank all depends on the loan program and down payment etc that you are comfortable with. I am more than happy to help you out with an attorney referral and also referring a lender to help you with financing. Shoot me a text, call or email. 774-232-1690 email@example.com... more
FHA 203k rates are slightly higher than current market rates. Either the full or streamline 203k offer an adjustable or fixed rate loan. 203k's may have a little more risk. Just looking at the construction aspect of it. That may one of the reasons for the higher rate.
More information is online at: http://fhamortgageinfo.com/203k-loan-rates/... more
Mold remediation is something that I would make sure to have done if I suspected mold contamination in my own house. For the most part I am pretty confident with the procedure. If I had any doubts I would just make sure to get my home retested afterwords. http://www.sparkleanrestoration.ca/mould.html... more
Boston is one of the most beautiful cities in the country but what we have found is the old homes built in cities like Boston and those up and down the New England coast is that they used Lead Paint in a lot of homes as it was unknown to be a detrimental building by-product when homes where being put up decades ago.
In todays world we are glad to recommend a great home inspector in your region who is licensed and experienced. Mario you are welcome to call the all star home inspector team at (866) 666-5974 or visit our website and learn more about our practices and procedures to ensure there is a certified inspector who will look for everything from lead, radon, structural integrity, mold, wiring, and other instances that are crucial in properly inspecting your property.... more
is the most
up and coming city
invest in it now...
Prices have gone up 20% in the last year alone..
and since it is so close to Boston,and the Ocean
property will continue to rise..!
But make no mistake, more is happening in this City
Because it is a large city of 91000 population.
But percentage wise it is no different then its neighbors with
a population of 26000 people..!!!... more
* Buying and owning your own home is part of the phenomena known as the American Dream. Property ownership here in these United States is emblazoned as something of a right and takes on a status like nowhere else in the world. Those with VA loan eligibility have an upper hand compared to those who don't have the VA home loan benefit and can get a piece of their own American Dream with no money down, lower closing costs and easier qualifying compared to conventional loans.
Sometimes though the dream turns a little bit scary for some and eventually a nightmare when their VA loan application is turned down. What should someone do if their VA loan application is in fact denied?
> Get the Facts
* When lenders decline a loan, they do so reluctantly. VA lenders make money by approving loans, not denying them so they'll do what they can to get your approval. When they can't, they'll send what is called an Adverse Action notice.
Click for more: http://vastreamlinemortgage.net/... more
There is a price differential as well as the less tangible "desirability" factor/perception of less hassle. However, let me be clear that it would most likely you cost you more to install the central A/C than you would recoup by sale price alone, but if you factor into it the cost savings in perhaps selling the property faster ... it may be worth it.... more
I won't consider this as a deal breaker any time. You can change the electrical grounding with very little cost and I have helped clients with that. In fact, I had to to for my own house when I was moving to Solar panel. It's not costly at all compare to what you are shopping for.
Nevertheless, It is important. I always recommend clients to ensure electrical are well done, well grounded and distributed. Wiring is important too, which usually overlooked.... more
I get calls like this all the time, the part that is difficult to convey to most perspective homeowners is that not all imperfections are signs that the wall is in a state of failure. The only way to answer the question is a wall in failure is to monitor the wall, and monitoring takes time. Now every perspective home buyer just shuddered, but its true. Below are some questions you can ask that will give you a better idea if the retaining wall will be an issue in the future.
First, ask how old the retaining wall is. If it is relatively new and is showing large cracks, or seems to have visibly moved that is a bad sign.
Second, ask how long the crack or imperfection has been present and if there has been any change. If the problems are new but the structure is not, that may be a sign that the wall is moving.
Third, get a retaining wall contractor (not a landscaper) to give you an estimate. They may charge since you a consulting fee because you don't already own the house, its worth it. Most retaining wall contractors will be able to look at a wall and identify the factors that are leading to the issue, and its not always a big deal. If the wall is in a high risk category a reputable retaining wall contractor can give you a realistic look at how much the project could cost.
Its important to note that if you buy a home that has a wall that will need to be monitored you will need to higher a qualified engineer, your retaining wall contractor can make a good recommendation. You might be asking why not just contact the engineer from the beginning? The answer is simple, engineers are only responsible for the design process and typically lack a working knowledge of the cost associated with the repair.... more
There are a lot of things that you should check on your house before you buy it. Have you had somebody come and take a look at it? You should make some phone calls and look at some more siding materials. It's better to be safe than sorry. http://www.marshbuildingproducts.com/vinyl-siding.php... more
When it comes to any safety/crime related issues, it's always best to contact the local authorities with all your questions, hear all there is to hear firsthand. If unfamiliar with the area(s) do revisit more than once and at different times of day, possibly chat with locals/neighbors. Real estate professionals are prohibited from steering, enticing a buyer to purchase/rent, or not, in specific neighborhoods.
P, great question about having your attorney go over your P & S before signing it. There's so much to know about real estate, having an attorney go over anything seems like a good idea. My brother-in-law is looking to buy some property. He's looking into finding a good experienced real estate lawyer that could help him. http://www.iarlaw.com/practice-areas/real-estate... more
It's good that they included this. They want buyers to be aware of what siding the home has. This is especially important if it affects the value of the home. http://www.marshbuildingproducts.com/vinyl-siding.php... more
I would make sure that your septic tank needs to be replaced, or if it just needs to be pumped. Sometimes if you're experiencing problems they can be easily fixed by pumping the tank. However, you won't know this unless you've had it well inspected. I would call around to check the cost from several different contractors, since you don't have experience with one from before.