Home Buying in Wayne : Questions & Answers

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Angela Dawn…, Real Estate Pro in Livonia, MI
Angela Dawn Roe answered:
can I make an offer on a home that is pending?
Yes and no . Here's how that works...When it is pending that means that the homeowner has already accepted a offer but if for some reason if the new buyers pay for a private inspection ... more
0 votes Share Flag Fri Oct 4, 2013 Home Buying in Wayne
Becky Johnson…, Real Estate Pro in Westland, MI
Becky Johnson, ABR, e-Pro answered:
Im a young soon to be mom who just moved back from kalamazoo ( attending wmu). I'm having trouble looking for an affordable home and a better job.
I have seen some 1 bedroom apartments for under $500 per month in Westland.
Sorry don't know of any homes that cheap..
0 votes Share Flag Mon Sep 30, 2013 Home Buying in Wayne
Becky Johnson…, Real Estate Pro in Westland, MI
Becky Johnson, ABR, e-Pro answered:
What is a current LP/SP ratio in Wayne? Thank you
David are u looking for List Price vs Sales Price?
Price are still kind of all over depending normal sale vs bank owned/short sales.
If the home is priced at market value and in ok sp ... more
0 votes Share Flag Wed Aug 7, 2013 Home Buying in 48184
Maria Gilda…, Real Estate Pro in 06040
Maria Gilda Racelis answered:
how is property taxes determined?
Property taxes are based on the town's assessment of the value of the property multiplied by the mill rate. The town's determination of the assessed value is based on the appraised valu ... more
0 votes Share Flag Sun Apr 14, 2013 Home Buying in Wayne
Pamala  Bava,…, Real Estate Pro in Rochester Hills, MI
Pamala Bava, SRES answered:
What more must i do to show proof of funds to close? My parents and in-laws gave me $2500 and I sold a vehicle for $5600 cash.
Kawain is correct, it is too easy to make a fake document these days and there is a lot of fraud. Just give them what they want, it will make things easier and your loan will get proce ... more
0 votes Share Flag Sun Apr 14, 2013 Home Buying in 48184
Kawain Payne,…, Real Estate Pro in Long Beach, CA
Kawain Payne, Realtor, Notary answered:
How can I show the evidence to the bank that the recent deposit from my parents is they returned to me?
the canceled checks would be good if you have them>

Kawain Payne, Realtor
0 votes Share Flag Sat Apr 13, 2013 Home Buying in 48184
Kawain Payne,…, Real Estate Pro in Long Beach, CA
Kawain Payne, Realtor, Notary answered:
how do I find a buyers real estate agent?
If you are on Trulia, you are off to a good start.

I suggest you search for agents in your area. Local agents are best in my opinion.

Read their blogs, or answers to questions. Th ... more
0 votes Share Flag Sat Apr 13, 2013 Home Buying in Wayne
Eric Veronica, Real Estate Pro in 43620
Eric Veronica answered:
Will the fact that my BF's paychecks are directly deposited into my bank account every 2 weeks cause problems during underwriting?
Underwriters generally require source of funds for any deposit into a checking or savings account. This is done to make sure that the deposits are not the result of a new loan that may ... more
0 votes Share Flag Sun Aug 12, 2012 Home Buying in 48184
Michael E Th…, Real Estate Pro in 48182
Michael E Thompson Key Realty One answered:
Do they have programs that will work with me to get a loan...?
Jeffrey,

The starting point is your credit score, if it's 620 or above, there's a good chance there's a loan program that will work for you. The obvious other part is ... more
0 votes Share Flag Mon Apr 25, 2011 Home Buying in 48184
Allan Erps, Real Estate Pro in Nanuet, NY
Allan Erps answered:
Is it easy to turn a "RENTER" into a "OWNER" ?
Historically wise a handful of my Renters were turned into Buyers when we first discussed their needs and wants. Others rented for a short period of time before purchasing. Generally sp ... more
1 vote Share Flag Mon Apr 25, 2011 Home Buying in Wayne
Chip Andis, Real Estate Pro in Waterford, MI
Chip Andis answered:
Can you get a MSHDA Loan, if you have bad credit...?
Here in Michigan there is a great housing assistance program for low-to-moderate income families.
The Michigan State Housing Development Authority (MSHDA), provides financial assistanc ... more
1 vote Share Flag Sun Apr 24, 2011 Home Buying in Wayne
Tony Grech, Real Estate Pro in Michigan
Tony Grech answered:
Why would a lender want me to use a conventional mortgage to buy a home instead of my VA loan?
Andy makes some good points. The chief benefits of the VA loan are: low down payment, no PMI, and less pricing adjustments for imperfect credit. With that being said, if you are putti ... more
0 votes Share Flag Mon Dec 14, 2009 Home Buying in Wayne
Belinda, Home Buyer in Wayne, MI
Belinda asked:
im looking for a house with three bedrooms, im and single parent with two small children and I need better schooling for my children and im looking to move out of detroit. i need housing in the wayne westland area anything that gets me closer to work, which I work in wayne. im looking for something I can afford. nothing over 600-650…
0 votes Share Flag Sat Sep 12, 2009 Home Buying in Wayne
Gary Smith, Real Estate Pro in Michigan
Gary Smith answered:
What is the current status of the home listed at 31590 Taft St. Wayne Michigan 48184
Todd,

The property does not currently show for sale in the MLS. Sheriff auction price was what you saw. The lender may or may not accept less. Depending upon condition of the prope ... more
0 votes Share Flag Wed Oct 22, 2008 Home Buying in 48184
Kelly Pangbu…, Real Estate Pro in Grant, MI
Kelly Pangburn answered:
I've found a couple of likely prospects.
You can go to the following site and search for registered HUD Brokers: www.clfres.com - on the right side of the home page it says "Find a HUD Registered Broker in Your Area" Only th ... more
1 vote Share Flag Wed Mar 26, 2008 Home Buying in 48184
Melinda J. R…, Real Estate Pro in Hudsonville, MI
Melinda J. Robison answered:
How can I search for "Short Sale" properties? What are the pitfalls?
Heldmyw, I know as an agent I can see some additional comments to let me know that a property is a short sale. You can certainly have your buyers agent assist you in finding these prop ... more
0 votes Share Flag Sun Feb 3, 2008 Home Buying in 48184
Gary Smith, Real Estate Pro in Michigan
Gary Smith answered:
LATPAO-listing agent to present all offers
This is the mark of an agent trying to "protect their seller" The work around is for a buyer to include in their offer that all offers must be presented by their buyers agent. Specifi ... more
0 votes Share Flag Sun Feb 3, 2008 Home Buying in 48184
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