48105 : Questions & Answers

change location

cancel or

Q&A

168
Kevin Smith, Real Estate Pro in Shelby Township, MI
Kevin Smith answered:
Would tile floor in Michigan be Ok or cold, compared to hardware ? Would this increase the house value?
Well, Sam, I would say that depends. Where are you putting the tile or hardwood in the home? Many people as a matter of taste prefer hardwood through out most of the home, but there are ... more
0 votes Share Flag Thu Apr 15, 2010 Home Buying in Ann Arbor
Michael E Th…, Real Estate Pro in 48182
Michael E Thompson answered:
What can I do to get out of a purchase agreement, if buyer can't get financing?
Look to your purchase agreement. Is it past your "closing" date? Was there a date the financing contingency was suppose to be removed? There's a number of different real ... more
0 votes Share Flag Mon Mar 29, 2010 Home Selling in Ann Arbor
Gerard Dunn, Real Estate Pro in Potomac, MD
Gerard Dunn answered:
Can a mortgage underwriter actually value a property at less than an appraisers appraisal? If so, is this becoming common? I've never heard of
Yes -

The underwriter has the right to reduce the value of a property if they feel there are circumstances that support their decision.

You can ask that this decision be reviewed ... more
0 votes Share Flag Sun Nov 14, 2010 Financing in Ann Arbor
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
I have a friend who due to a divorce can no longer afford his home and is about to go into foreclosure.
Can you afford the mortgage backpayments or at least what the lender is currently demanding as payment-- so that your friend can keep the house and rent it to you-- If so you may wish t ... more
0 votes Share Flag Mon Feb 8, 2010 Foreclosure in Ann Arbor
Dan Chase, Home Buyer in Texas City, TX
Dan Chase answered:
prefab home vs fixing it up.
It is all about the numbers. How much would it cost to put up the prefab, how much would it cost to repair the old house. Are they comparable in size and situation?

I somehow doubt y ... more
0 votes Share Flag Wed Feb 3, 2010 Foreclosure in Ann Arbor
Karen Moorhe…, Other/Just Looking in 48103
Karen Moorhead answered:
Is it still possible to get a mortgage with less than 10% down? We were aiming for a monthly payment of about 15-20% of our income.
Dear Jessie,

Yes, it is possible to purchase with less than 10% down and there are a few mortgage programs but it depends on your location. Where are you moving?

You should conta ... more
0 votes Share Flag Mon Jan 25, 2010 Home Buying in Ann Arbor
Sonya Loose, Real Estate Pro in 48612
Sonya Loose answered:
Social Media: How many closed deals in 2009 did you do? How many from each source - site and please share your experiences. What was your best ROI?
Hi Kathy, 31 closed deals in 2009!! That is back to "normal" for me. 2008 was a very bad year. Each year in January I track my sources of income. However, I have not gotte ... more
0 votes Share Flag Tue Jan 5, 2010 How To... in Ann Arbor
Al Akerman, Real Estate Pro in New Jersey
Al Akerman answered:
First-time buyer moving to Ann Arbor in early March '10 (on a new job), and trying to close by April/June to get $8000 tax credit...
Roy, your new job won't affect your rate at all as long as you can show a two year job history for your previous job. Especially if it is in the same line as your old work.

You ... more
0 votes Share Flag Fri Jan 1, 2010 Home Buying in Ann Arbor
Karen Moorhe…, Other/Just Looking in 48103
Karen Moorhead answered:
Washtenaw County requires a Well Inspection to be on file before a seller can transfer a property.
Ashwil,

Well and septic approval is always required in Washtenaw county for the TOS (Time of Sale) process be completed. I'm sure your agent will answer your questions. Please ... more
0 votes Share Flag Tue Jan 5, 2010 Foreclosure in Ann Arbor
Wayne And De…, Real Estate Pro in 48176
Wayne And Debra Esch answered:
I am looking for a vacation home less than 3-4 hours away from Ann Arbor MI that is less than 30k. Next to water preferred. Suggestions?
I would look around Houghton Lake and smaller lakes in northern Michigan. You probably can not find lake frontage, but lake access and posssibly lake view. If you would like me to sugg ... more
0 votes Share Flag Sat Dec 26, 2009 Home Buying in Ann Arbor
Kris Wales, Real Estate Pro in 48315
Kris Wales answered:
Can New Home Buyer use the $8,000 Tax Credit as a Downpayment on the house they are interested in?
Not in Michigan that I'm aware of.

In order for a home buyer to use the tax credit, there would have to be a non-profit organization in place to loan you the tax credit funds up ... more
0 votes Share Flag Wed Dec 16, 2009 Home Buying in Ann Arbor
Missy Caulk &…, Real Estate Pro in 48176
Missy Caulk & Team answered:
there are so many listings at woodside meadows. why? is that a nice area?
E, yes it is a very nice area. The builder needs to sell and many are new construction. So he is selling at rock bottom prices. Therefore it brought down the whole community. Some are b ... more
0 votes Share Flag Sun Dec 13, 2009 Home Buying in Ann Arbor
Pat Daum, Real Estate Pro in 48118
Pat Daum answered:
Can I take advantage of the tax incentive even tho' I have lousy credit?
Yes. The tax credit has no relationship to your credit score. If you buy a home and meet the requirements as a first time home buyer (or if you have not owned a home in the last three ... more
0 votes Share Flag Tue Nov 3, 2009 Home Buying in Ann Arbor
Missy Caulk &…, Real Estate Pro in 48176
Missy Caulk & Team answered:
On a Michigan home REO (Indymac) I offered cash, $4,000 over asking, no contingencies, closing as fast as the bank wants.
A2kammyo, you never know on banks but your offer sounds clean. They came back with highest and best because they had several offers.
REO's don't take as long to hear back as ... more
0 votes Share Flag Tue Oct 27, 2009 Foreclosure in Ann Arbor
Pamala  Bava, Real Estate Pro in Macomb, MI
Pamala Bava answered:
Can I Buy home with my section 8?
You might get your question answered on this web site

http://www.hud.gov/offices/pih/programs/hcv/homeownership/
0 votes Share Flag Tue Oct 13, 2009 Home Buying in Ann Arbor
Fred Griffin, Real Estate Pro in Tallahassee, FL
Fred Griffin answered:
Condo question:
See a Real Estate Attorney for Legal Advice.


2Vegas, I am sorry this happened. What a bummer.


Your post reinforces something I suggest to all Condo Owners and Condo Buyers ... more
0 votes Share Flag Tue Aug 25, 2009 Quality of Life in 48105
Patrick Thies…, Real Estate Pro in Elmhurst, IL
Patrick Thies SFR, CNC answered:
I'm starting the home buying process and want to get pre-approved in the next few weeks. I've heard
Rebeccam,

It's taking a little longer to get loans back from underwriting lately and sellers are looking for offers with pre approved buyers. Anything you can do to speed up t ... more
0 votes Share Flag Tue Aug 25, 2009 Financing in Ann Arbor
Brian and Ma…, Real Estate Pro in 48108
Brian and Mary Bundesen answered:
I own a six unit Industrial Condo. I am willing to sell one of the units at my cost to a friend to free up
If your buyer is getting a mortgage, the unit will have to appraise at the inflated price, or he will have to make up the difference via the down payment. The new appraisal laws are ver ... more
0 votes Share Flag Sat Aug 1, 2009 Home Selling in Ann Arbor
Michael E Th…, Real Estate Pro in 48182
Michael E Thompson answered:
I want someone to take over my mortgage?
Marilyn,

It may not be that simple. Your mortgage likely has a clause that actually prohibits anyone from "taking it over" (legally called an assumption). You have a few options:

... more
0 votes Share Flag Sun Jul 5, 2009 Moving in Ann Arbor
Alan May, Real Estate Pro in 60201
Alan May answered:
What’s with the extra realtor fees?
Some agencies (most of the larger ones) are now charging a "paperwork fee", to create and maintain your file. Not all agencies, and not all agents are charging this fee, therefore you ... more
0 votes Share Flag Mon Nov 30, 2009 Home Buying in Ann Arbor
1 2 3 4 5 6 7 8 9
Search Advice

Followers

327
Email me when…

Learn more

Meet the Trulia VIPs
Brian Hill, Agent in Ann Arbor
Brian Hill
Agent
Ann Arbor
Maryann & Michael..., Agent in Ann Arbor
Maryann & Michael...
Agent
Ann Arbor
Kathy Toth, Broker in 48103
Kathy Toth
Broker
48103
Nancy Bishop, Agent in 48103
Nancy Bishop
Agent
48103
Home > Q&A > Michigan > Washtenaw County > Ann Arbor > 48105
Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer