Pink interior paint can definitely be a concern. How much pink are we talking? Is the whole interior pink, or just a powder room? You're in a delicate situation. There are a lot of folks who will dislike pink paint, but some who will love it. If you take a chance on leaving it, in hopes that the pink lovers will come along first, you're risking the best days of your listing. The earliest days a house is on the market are the best. If the pink-paint-haters come first, the house could sit on the market longer than desired, which will have an adverse affect on sales price. People start wondering why the house isn't selling..."what's wrong with it??", and then you can get into a "death spiral" that results in a lot lower purchase price than you would like to see. Either way it's a gamble, you have to ask yourself, which option makes you feel better about your selling position. Best of luck in selling your Victorian...Jim... more
Hi in Tennessee:
The offer of 154K sounds a little low, but an offer is an offer. The closing costs will be according to the cost of the house. Transfer costs in Sharon are 2% which the seller and buyer split based on the price of the house. Title Insurance again based on the price, probably about $900.00. Depending on what lender you choose and the fees that the lender charges, atty fees, etc. The Real Estate Taxes are then prorated and escrowed by the Bank as well as Interest and PMI. Then there is the home owners insurance that will have to paid for 1 year and then escrowed by the Bank.
Terry Berchtold... more
Since rent to own properties may not be listed as such, consider working with an agent of your own. Keep in mind that rent to own can be risky and one could stand to lose a bit of money, therefore do inform yourself well, and consider consulting with an attorney who specializes in real estate beforehand. If you haven't done so yet, visit with any licensed loan officer, see if you can buy outright...... more
I am actually in the same situation. i dont know your financial situation but i am on disability and they see that as a plus for a perm income. I am going through a guy who tries his very best for people in our situations. i have only 1500 to put down. I will give you the guys information but i think he only does in sharon, pa. maybe he can give you some references?
ERA Johnson real estate
1620 E.state street hermitage, pa 16148
you can go to your bank if you have one or shop around for a PREapproval of how much you can get loaned by whatever company you are going through. i seen this was from 2009 but thats ok. i feel better knowing i answered. lol. i hope you have found a home if not I hope this has helped. good luck.... more
Joe, with all due respect, it sounds like you're not ready to purchase a home. 2-3 years ago you could buy with no money down, get the seller to pay your closing costs an that was that. These days - no so much.
Most banks will want you to have some reserves. THat means 1-3 mortgage payments in the bank. If your closings costs are 3% of the loan then you can ask that the seller allow you to finance those payments. That's called a seller's concession. If the closing costs exceed 3% (in my area they usually do) then you have to come out of pocket with the money.
Buying a home is expensive. You usually have to pay homeowners insurance upfront, there are home inspections and other fees to consider.
You may do well to wait until you have more money saved before you begin this process.
You can request that the seller... more