I would say yes, However because your lender is RI Housing they are not easy to work with. You might be better off looking for a lease with option to buy opportunity - Before i can comment on your situation in detail I would have to speak with you. On the surface it looks like you should take the short sale and settle for the 8k note. The benefit is you wouldn't owe the hole balance of the mortgage if they were to foreclose. This makes it easier to move forward, and start to repair your credit. if you have other questions feel free to contact me 401-952-5772 or email firstname.lastname@example.org. I also have a site www.rescuehomebuyers.blogspot.com... more
I'll assume you're referring to trends from a SELLERS perspective. If that's the case then I am advising clients who do NOT have to sell... to hold out for the time being. However... if you're a BUYER... then there has NEVER been a better time to buy.
As far as "trends"... there are just so many ways to slice it.
Fourth quarter sales data showed single family home sales rising ten percent from the same time period during the prior year. A 28 percent increase in the number of distressed sales however, led to a decline in median price of 12 percent, to $185,000. The median price reflects the mid-point in sales, with half selling for more and half selling for less, and typically declines as lower priced foreclosures and short sales are added to the mix of properties sold. The median price of properties not sold under duress has typically been 10 to 20 percent higher than the overall median price in recent months.
There is so much more to relate on all of this... but I'll just skip over that and get to the end... if you have more specific questions... feel free to reach me ANYTIME to get more REAL ANSWERS to your REAL ESTATE questions.
All the best,
Check my Trulia profile for all contact info.... more
Sarah, did you calculate the cap rate, or did someone give it to you? 15% is a good cap rate, however, I like to do an overall pro-forma for any investment property that my buyer is looking at. It includes REAL documented income, and REAL expenses that can be proven by the seller. Once we have REAL information, then we can determine a real cash on cash return, along with a cap rate. I like to see a minimum of 20% cash on cash return, and a minimum 12% cap rate. Joe Del Sesto. http://www.joedelsesto.com... more
my company does have a few properties that are section 8 approved, but those listings are limited, so it depends on what your preferences are. if you would like to discuss this further, please feel free to call me at 401-451-2281. thank you and have a great day.
My advice is that you should either have 100% faith that your Realtor is acting in your best interest or you should find another Realtor who you do trust. Your should ask your Realtor to do a market analysis for the property if they haven't already.
Be careful.....You can do this when an investor is willing to "Hold Paper" which is the loan amout you agrre to payback to the investor. This is a slippery slope to be on. You must check with your tax professional and your lawyer. Do not enter in to any contract to purchase without doing this. Better to be safe than sorry. Also keep in mind that there are many "scammers" out there who want to steal your money.
"Caviot Emptor" Let the Buyer Beware.... more
When it comes to any safety/crime related issues, it's always best to contact the local police department 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.
Hold on I'll throw the termites in for free!, No if they do not treat it and then insure it is no longer infested you should leave it alone, once buy you own, and if it falls down you own a house that fell down, the bank Covered their butt with the AS IS contract, and since you know about the ants, then it was some home discovered by your inspector or was disclosed in the buying process, so it was a known factor and part of AS Is!... more
Good evening Kelley,
It means that the expiration date of the listing has been extended to a new date.
Good luck in your home search and let me know if i can be of any assistance in your home search.
Sorry Kan... but you neglected to link the property to your question... so I can't answer you. If you'd like to get an answer quickly... simply contact me via phone. My information is attached.
All the best,
Donnie Bennett... more
For any homeowners in the state of Florida that are falling behind on their payments, please give me a call. We have programs that will allow you to refinance out of a bad mortgage into a 30 Year Fixed and lower your monthly payment. There is hope out there! You don't have to lose you home! Call Sheri Place with Prime Plus Mortgage #813-843-6643. it won't cost you anything to make the call. See if we can help!... more
Their is a 50% discount on your taxes in the city of providence if you owner occupy your property. The listings usually reflect the discount. The current rate is $36 for providence. Any questions you can email me email@example.com.... more
Yujia, on Bing maps birds eye view, this property shows several parking spaces behind the building. These would be the only parking spaces that the building would legally have. Parking overnight on the streets of Providence is not allowed. Sometimes multi families in these urban areas have parking spaces that might be agreed upon to be used by local businesses. The listing agent at Wescott Properties should be able to give you some information on this. The title research might also give you some idea of any deeded easements or rights of way for parking areas and/or access. You should have a good buyers agent guiding you and representing you through this process. They would be able to answer some of these questions. I would be glad to help you out. Feel free to visit my web site below or drop me a line at firstname.lastname@example.org. Good Luck. Joe... more