Sitting with a mortgage professional can help you make sure you are working on the correct things to improve your credit. There are often properties listed in the MLS where the seller is willing to do a rent to own or lease purchase. I'd be happy to help or answer your questions -- just give me a call. (717) 392-5004 x222 or email me (click on my photo to see contact info in profile).
Have a great weekend!
Nadine Reinhardt... more
Have you looked on trulia at any homes in that area?
I have an office in the area that could help you if you wanted but the thing that concerns me is your comment of anticipating a higher income. I would settle for something that you can afford with the current income in case you do not get the raise (if maybe you are talking about getting more money after a prelim period at your new job).
Any questions, feel free to email me at Sean.Dawes@LNF.com
Long and Foster Real Estate... more
You need to consult with one of 3 resources or all.
1. A qualified mortgage broker in your area.
2. The IRS website about the tax credit and who qualifies
3. Your tax person or a tax attorney (this one should be at the top of the list in all honesty but I am just going to not that here).
Good luck, I hope you do and I hope you find something in the next 2 weeks because you do need to be under contract by the end of April if you do qualify for it.
Click the link below to be directed to the IRS basic information page on the tax credit.... more
Yes, there are actually numerous nice homes for rent in Lancaster and the surrounding areas. Sellers who were unable to sell due to a slowing market in some cases have decided to rent their homes instead. Many of these sellers are corporate executives who MUST move and sometimes leave an empty home behind.
If you wish to be a landlord, there are many people who were homeowners who were able to get out of their home before they got in over their heads in the market. Many of them lack the ready cash to purchase a home right now, even though they may have good incomes. They make excellent tenants!
If either of thes situations apply to you, contact me at Homes@GerryBeane.com I am a REALTOR who could help with either situation.
Gerry Beane... more
Lori, appraisers can make mistakes, but this does sound fishy to me as well. For an appraiser to 'miss' the lot size AND the garage size is very unusual - not impossible, but very unusual. This appraiser ought to be very red faced right now. Is your mortgage originator a bank? A broker? Associated with the real estate company? Is your REALTOR a dual agent in this case? That is, is he/she representing the seller as well as you? A $40 K adjustment is considerable - especially, if I understand you correctly, that it represents 9% of the purchase price! Without having the answers to the questions above, I am not even sure what I would suggest for you to do - this is very strange indeed.... more
I am an agent in New Jersey but I just closed a Short Sale with Country wide as the bank. It took us since December to close. They may come back with a counter offer, are you willing to go up in price, think about this so that you are ready. Unfortunatly there is not much that can speed this up, keep up on the attorney and make sure everything is in place so when the bank is ready to close so are you. Good luck!!!... more
Hey there Cin.....
The first thing you need to understand is that Lease-to-Own houses are rarely advertised (ESPECIALLY by Real Estate Agents and Property Mgmt Companies). It's not in their best interest to offer Lease-to-Own houses because they have to wait to get paid or that they will lose a house in their "inventory".
Lease-to-Own deals are generally NOT found....they are created. I'm very familiar with the techniques used to acquire Lease-to-Own houses. If you are TRULY SERIOUS about purchasing a house & have at least 3%-5% upfront money to put toward the house, I may be able to help you.
If you're interested, shoot me an email and we can discuss what type house you're looking for in Philly, what monthly lease payments/purchase price you feel comfortable with, and how long of a lease you would need.
Yes, I am partnered with several real estate agents that have properties that you could rent to own. Email me what you are looking for including price range and we will find the right opportunity for you.
It depends on many factors. In the days of rapid home appreciation people would stretch to their financial limits knowing that it would be likely that their home would be appreciating 5- 10% or even more annually and they could tap into the equity ( this is where many people got into trouble ) or " move up.
I advise my clients to spend what they can afford without being " house Poor" where the payments are so high you cannot afford to spend on vacations, or live a comfortable life style. You should also have 6 months of income saved for a " rainy" day. You should look at your house as a home where you live first and as an long term investment second. Of course Location, Location, Location of where you buy is very important. Good luck on your purchase, this is a great time to be a buyer of real estate.... more
You will need to consult an attorney. According to what I believe is true, your ex may need to sign paperwork allowing you to close on a home without him being in the deed. You will need to ask your lender exactly why they need him and what papers are to be signed. Also, with him actually being there, he will undoubtedly know where you will be living.
I am sorry I could not give you a more definitive answer.
Terrence Charest, e-Pro... more
If you've signed an agreement with the Realtor, then your obligation is specified in the document you signed.
Others on Trulia will point out that you would still benefit from representation. Finding a property is only one portion of what a Realtor does. Negotiating, coordinating the details, assisting with the transaction are all important.
If you don't use a Realtor, you should have some professional representing you. A lawyer would be another option, though there are things that a Realtor knows how to do that most lawyers don't.
But, to answer your specific question, it depends on the contract.... more
Right now, the amount is $8,000. You must settle on your first home before Dec 1, 2009. There is a bill that is not yet passed that raises that to $15,000 and not just for 1st time home buyers, but like I said, that has not passed yet and there is no guarantee that it will. If you are a first time home buyer (haven't had a house in your name for at least 3 years) and you purchase a home, you can receive up to $8,000 as a tax credit. It's actually 1% of the purchase price of the home up to $8,000. If you are the only name on the deed and your home is at least $80,000 and you make $75,000 or less, you will get the full $8,000 refund. If you and your spouse are both on the deed and you make $150,000 or less, you will get the full $8,000 on an $80,000 or more home. If you make over those amounts, the refund will be pro-rated so you will still get a refund but just not $8,000. That's it in a nutshell, but if you'd like to discuss this further, feel free to contact me.... more
I'm a lifelong resident of Lanc. myself - and a real estate investor personally, in addition to being a Realtor since Jan. 2000. Happy to help!
What particular areas are you considering? Are you looking to stay within Lancaster city? There's been a lot of growth there (Clipper Stadium, the new Lancaster Arts Hotel, Franklin & Marshall, in addition to the forthcoming convention center, etc.!), and there are also some great borough/other areas that you may wish to consider - Ephrata, Lititz, Manheim...and more! I'd be happy to discuss this w/ you further! Feel free to call me anytime. Office # on website below. Happy to help!... more
Welcome to PA. Here are lots of rentals to be had all over the county, all types, but rent to own properties are a little harder to come by. Wolf Kline Property Management is a company I have used many times for clients , They run a great company and have really some of the nicest rentals in the area.You can check them out on the web. Hope this helps get you here.
If you need help finding a place now or when you home in Baltimore sells , please feel free to contact me at email@example.com or 538-0627.
Long & Foster Real Estate