Home Buying in 48235 : Questions & Answers

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Derek Bauer,…, Real Estate Pro in Livonia, MI
Derek Bauer, Door to Dreams... answered:
Home was listed as short sale approved, now the short sale bank has countered my offer for more than I can afford and we have paid for inspection
There are very few scenarios where a short sale is approved prior to securing a buyer. I see properties positioned that way quite often, and even showed one today that claimed to be ex ... more
0 votes Share Flag Wed Dec 26, 2012 Home Buying in 48206
Bob Schweiss, Real Estate Pro in Wyandotte, MI
Bob Schweiss answered:
Hello, I am looking for an investor to buy a forclosed home and then sell it to me under a landcontract?
give me more information on the property.

Thanks
Bob Schweiss
REmerica Hometown One
(313)779-6188
0 votes Share Flag Sun Jan 13, 2013 Home Buying in Detroit
Andy Hargrea…, Real Estate Pro in Plymouth, MI
Andy Hargreaves answered:
The real estate Company wants to be reimbursed for taxes paid-from closing date up until the tax bill is due again.
Actually --

Taxes are paid in advance by the seller. You're simply just reimbursing them for the portion of the year they paid for that you'll be living there.

If the taxes were ... more
0 votes Share Flag Sat Mar 16, 2013 Home Buying in 48205
Haig Istambo…, Real Estate Pro in Michigan
Haig Istamboulian answered:
Does anyone know the situation or state of the house at 2250 Iroquois St, Detroit MI 48214. Has anyone got internal pictures they can send me.
Hello,

No one would really know the condition of the home. The only way to truly get an estimate on what is needed is to have a professional inspection done and an estimate drawn up. ... more
0 votes Share Flag Sun Nov 25, 2012 Home Buying in Indian Village
Haig Istambo…, Real Estate Pro in Michigan
Haig Istamboulian answered:
What does buyer to assume c of o mean when buying a home in Detroit, MI with a quit claim deed? How much is a warranty deed?
Hello,

Buyer to assume C of O means that you will have to contact the City Of Detroit to get an ACR. The city will come out and see what repairs the home needs an make a list. This i ... more
0 votes Share Flag Sat Sep 6, 2014 Home Buying in 48221
Chris Shaw, Real Estate Pro in Southfield, MI
Chris Shaw answered:
House in Detroit University district.
Finding something in this price range is attainable . Although might need slight rehab and some
good deals might be short sales.Please contact me for further assistance with your home ... more
0 votes Share Flag Thu Nov 29, 2012 Home Buying in Detroit
Karen Paytas, Real Estate Pro in Macomb County, MI
Karen Paytas answered:
What are some things to expect in the near future for the Indian Village homes? Are the home prices rising?
Hi Charles,

I don't believe anyone can predict the future of an area. There has only been one sale in the Village within the last 6 months and that was a cash offer of 410K. Supply ... more
0 votes Share Flag Sun Nov 11, 2012 Home Buying in Indian Village
Haig Istambo…, Real Estate Pro in Michigan
Haig Istamboulian answered:
I am interested in a house for sale that is "tenant occupied"---do tenants have to be evicted in order to get them out--or should i just ask nicely?
Hello,

Every situation is a bit different. Is the seller telling you that the home is subject to the "tenant's rights"? Is the seller going to handle getting the tenants out prior to ... more
0 votes Share Flag Tue Nov 13, 2012 Home Buying in Detroit
John Walin, Real Estate Pro in Libertyville, IL
John Walin answered:
Hello, this might sound silly but...what does the following mean... "For showings need to sign hold harmless disclosure"? Thank you.
There must be something wrong with the property that you need to waive your right to sue. If for example it has mold, you cant go after the seller if you have a bad reaction to the hom ... more
0 votes Share Flag Sun Nov 11, 2012 Home Buying in Detroit
Megan Paul, Real Estate Pro in Vancouver, WA
Megan Paul answered:
Do you have to be an American Citizen to qualify for a MSHDA loan.?
Katie,

Check out this website http://www.michigan.gov/mshda it should give you all the answers you need, and contacty phone numbers.
0 votes Share Flag Thu Nov 22, 2012 Home Buying in Detroit
Vanessa Brown, Real Estate Pro in Michigan
Vanessa Brown answered:
Can someone let me know if 10k is a reasonable amount on a land contract? Most homes are 40k and under.
Yes Octavia 10,000 is a reasonable amount for a land contract. It really depends on the seller.
0 votes Share Flag Sun Nov 11, 2012 Home Buying in Detroit
Daniel Wilson, Real Estate Pro in Detroit, MI
Daniel Wilson answered:
I am an overseas investor looking to buy a portfolio of properties in Detroit and would like a buyers agent.
I maybe able to assist you, what type of return are you looking for? and what's your budget?

Thanks
Daniel
0 votes Share Flag Thu Apr 24, 2014 Home Buying in Detroit
Amanda Parmer, Real Estate Pro in Jacksonville, NC
Amanda Parmer answered:
I am looking for a buyer's agent. I want to purchase some mutli-family properties in detroit.
Give me a call! I am networked with Accredited Buyer's Representatives across the country! I'd love to help you!! 910.545.0450
0 votes Share Flag Thu Nov 15, 2012 Home Buying in Detroit
richardf49, Home Buyer in Detroit, MI
richardf49 asked:
I am trying to buy another home but i ran into a problem i filed bankrupsey in 2009 the city of wayne county has me as still owner of home. my realastate broker told me i was still listed as owner but we can't seem to locate the sheriffs deed. my realtor called title company they called wayne county register of deeds t...
0 votes Share Flag Tue Oct 30, 2012 Home Buying in Detroit
Tina Lam, Real Estate Pro in San Jose, CA
Tina Lam answered:
some broker is offerring detroit property with rental yield of above 20% is this real
Sure, it's definitely possible. In fact, yields may even go higher as prices for those properties fall. At 20% yield, you're just being adequately compensated for multiple risks assoc ... more
0 votes Share Flag Wed Oct 31, 2012 Home Buying in Detroit
Michael Cheng, Real Estate Pro in San Jose, CA
Michael Cheng answered:
Soon to be college grad- how to acquire start up financing for real estate investments?
That's a great plan, in theory. Isn't school great! As you've suspected, the key is in the financing, which is basically impossible to get for rehab work at 100%. Maybe you can ask y ... more
0 votes Share Flag Sat Mar 23, 2013 Home Buying in Detroit
Karen Yunck, Real Estate Pro in Michigan
Karen Yunck answered:
Im looking for around 50 units in Detroit for one million. Best I can get for my money. Can you send me examples?
Hello Mark,
My office has several " bundles" of properties for one price. They're not all in Detroit , surrounding cities also. They are all bank owned . Give me a call ... more
0 votes Share Flag Sat Mar 30, 2013 Home Buying in Midtown
Haig Istambo…, Real Estate Pro in Michigan
Haig Istamboulian answered:
How do I know what is owed on property taxes?
Hello,

All you have to do is call City Hall in the city that the property is in and give them the address. Is it an address that you live at or an address that you are curious about? ... more
0 votes Share Flag Tue Oct 23, 2012 Home Buying in Oakwood Heights
Nofear_forev…, Home Seller in Detroit, MI
Nofear_forever answered:
Im looking for someone to help me find a ready 2 move in 3bd 1.5 bth home in 48221,48235,48223 area for 20k or under. need 2 move asap
13936 Saint Aubin St, detroit, MI 48212. This house is for sale for $3,000.00 812-306-6499
0 votes Share Flag Mon Oct 22, 2012 Home Buying in Detroit
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