It's wonderful you are helping your father-in-law but unless, he really needs to sell, this is not a good time.
If you like, I can give you comps on the property and you can decide after you see what the homes may sell for.
I do not check back after I post an aswer, if you would like to reach me, you can click on my profile pic.
Good luck :)... more
Clare, we are a correspondent lender for 6 major banks. We can fund a purchase loan from application to close in about 20 business days on traditional and FHA financing, if the borrowers are responsive with their underwriting conditions. Also, Private Money loans in 10 days or less.
Happy funding, Rudi... more
Base it off of comparable sold homes in the area. Realtors typically do a CMA to accomplish this, where both active and sold comps are given consideration. For any of the comparables that vary in things like size or age, adjustments are made.
Your home may be nicer, more curb appeal, and maybe even have a better view. If you want to get buyers in the front door, you have to be very competitively priced. Just basing your price off of active comps is not a good idea, many owners try this. The reason is that active comps depict what sellers are asking for properties, not necessarily what they are getting.... more
No, you do not need to be current on your mortgage to start a short sale. In fact, most of our clients stop paying their mortgage, because they start saving that money for a move. We are a professional short sale service. We would be happy to explain the process to you. Our services are FREE to homeowners. So, please give us a call. We look forward to hearing from you.
Eli Givoni, Director
Short Sale Department, LLC
Serving all 50 states... more
My recommendation is to have a top Realtor in the area analyze your situation.
The key to answering questions like yours require a Realtor that knows three things - your home, your local market values and trends, and your personal situation. I'd be happy to refer you to one who specializes in your area.
The best response is based on the competition. If your unit was put on the market today, what other options does a buyer have? As we know it is a buyer's market, so they will buy the homes offering the most value.
In part your Realtor's job is to assess the market, including the 10-12 properties that would be your primary competition, and how to best project the value of your unit to the market so you will get top dollar for your home.
In a buyer's market I would personally recommend keeping it as a rental for the long term unless you need to sell.
Let me know if I can help! Check out the link below. I would not wait, act now to get the facts. Then decide the best course of action to meet your needs.
I would be happy to let you know what your townhouse is worth but will need to know your address to give you an accurate opinion of value. If you feel like sharing this information with me please email me at firstname.lastname@example.org an I will provide you with a free comparable market analysis of your townhouse and email it to you. It is probably best that you do not post your address on this site. Regarding the foreclosure in your complex and how it will affect your unit will depend on what the bank who has foreclosed on the property sells it for. I will also be happy to provide you with this information at your request.
Dave Corbin, Frank Howard Allen Realtors
email: email@example.com... more