I suggest that if you are in the market for a downtown condo that you look at them and make offers.
You don't know what value you will find until you put your "money" on the table. I sold a condo in 500 Throck last year for much less than you would have expected. Downtown living in the best locations will always be more expensive than living in a home further away from the center of the city. However, that is why people want to live in condos....the convenience of living and playing and working in the same little area. It costs.
I believe this is a great time to purchase that lifestyle, if it is your wish.
DiAnne Arnette, Keller Williams REALTY
Hulen Street office
This may be personal information but if I may ask, why dont you have any money for a downpayment.
On a FHA mortgage a downpayment is only 3.5% down. So thats $3,500 for every $100,000 in sales price.
Do you not have a savings? Reason I ask is because if you do not have a cushion, I do not suggest buying a home at all. Years back the 100% loans are what caused the issues we face with today.
If something happens and you are out of a job, you need to be able to carry your mortgage until you can find something otherwise in 30days you go into default.
Losing a home is only the start, if foreclosed on your credit tanks and buying another home is years away.
Sean Dawes... more
I do not know which site you are using to try to find properties. If you go to my website; www.jimcarterrealestate.com and click on the MLS property search button you will be able to hunt for all properties that are available in a specific zip code. Call me at 817-800-4780 if you have any problems or need any additional information.... more
If you are going to consider owner financing or a lease to purchase option you must contact a Real Estate Attorney to represent you and make sure that you are protected.
There are no protections from the acts of the seller that jeopardize ownership. For example, judgments filed against the seller, bankruptcy of the seller, or the death of the seller may result in all of the buyer’s rights being cut off with no legal recourse against the seller.
The buyer loses all payments made to the seller if: (1) the seller cancels the lease due to the buyer’s failure to pay a monthly payment or maintain insurance on the property or (2) the buyer fails to exercise the option to purchase when the time comes.
Often when a buyer enters into a lease-purchase agreement with a seller, there is already an existing mortgage on the property. If so, the mortgage, through the due-on-sale clause, may actually prohibit
the owner from entering into a lease-purchase agreement. If the owner knowingly or unknowingly ignores this clause and enters into a lease-purchase agreement, the owner’s lender may very well have the right to demand the entire amount of the loan. Unless the buyer or seller has the ability to immediately pay off the underlying loan, all of the buyer’s interests will end through the operation of the due-on-sale clause.
An unscrupulous seller may borrow money against the house, creating an additional mortgage. The new buyer or lender in that case may cut off all of the original buyer’s rights.
There are many risks involved with seller financing and the best way to protect yourself is to hire an attorney.... more
Are you asking for a list homes to lease? Real Estate and Property Management companies have properties listed in the Multiple Listing Service. If you are looking to lease directly through the owner you will have to depend on Craigs List and local newspapers.
I will be more than happy to help you find a home to rent.
How many bedrooms,baths, etc.?... more
to my knowledge there is no comprehensive free list of course you can try the basics craigslist and forsalebyowner.com and just search good for FSBO.
If you haven't thought about working with a Realtor you should really consider it. 99.9% of the time the services are free and most of the time FSBOs will negotiate with agents if the house you actually end up buying is a FSBO. I would be happy to assist and as an added bonus I give 20% of my commission back after closing.
I can register you with NACA, if that is what you're looking for. I am a Realtor, I have a login and I have been trained using the handbook.
I have worked with NACA members before, and I'd be glad to help.
I will need some personal information to help you, so please contact me through my profile.... more
Your buyer's agent should be able to answer your questions. The listing agent/seller must disclose that they are a licensed Realtor when selling their personal property. If the property is listed for sale in the MLS it will state the commission amount offered to the buyer's agent.
The listing agent negotiates the commissions for both Realtors upon taking the listing. Commissions are not fixed or regulated in TX. If the listing agent secures a 6% commission then they offer out half, or 3%, to the buyer's agent for bringing the buyer. I always put 3% in my buyer rep agreement for my fee.
A buyer does not usually have to pay a buyer's agent a commission in TX unless you are purchasing a For Sale By Owner and the seller refuses to pay the buyer's agent commission. Just make sure you double check with your Realtor that their commission is going to be paid by the seller before submitting an offer on a property.... more
What a predicament... Since the supervisor was able to give some kind of assurance that your partner is safe for 2 years, why can't he give a letter extending it another year?
The only reason I would say your Realtor is moving you away from these. Is mainly that they can be very laborious and in the end not fruitful. In short these banks are just over run with people applying for short sales not to mention deed in lieu or foreclosure and just regular foreclosure.
There are many nightmares that can come into play. If you have cash and want to risk buying a home sight un seen you can go to the respective county courthouses the first tuesday of the months for their auctions and typically representatives from banks with properties effected are present.
Having a co-signer with a great credit history and score could help in some situations. However, the co-signer would need to be able to qualify just like you and your husband for the amount of the loan. Go back to your mortgage broker and ask that question directly. Obtain the full information needed for the co-signer and learn the full ramifications of the process on them as well. Example, if they were to co-sign for you, there ability to borrow for themselves may be reduced as a result since the debt will appear on their records as well as yours. If you don't get understandable information from your mortgage broker call me at 817-800-4780 and I will be happy to direct you to a mortgage specialist who will.... more
If your question is whether or not you cam purchase a home that is 3/2 with 2000 square feet in the Watauga zip code the answer is yes you can, I would be happy to help you locate properties but will need more information than you gave here. Contact me if I can help you in your search.... more
I have been trying to work with one and have been able to get one approved yet. from what i understand as long as you meet other criteria and you are over a 530 they can get you done. it would probably take between 30 and 60 days depending on the situation. Please call if you have any questions.
A 24K Event is a Coldwell Banker event. CBDFW.com is the site where I found information about the event.
I hope this helps!
Keller Williams Realty
Mountain Brook/ Homewood Office
Birmingham, Alabama... more
As far as security you can check any zip codes actual crime data @ www.city-data.com. lots of dogs normally does translate to noise. However best bet is go knock on some doors in the neighborhood. This always is a good way to get a feel for an area without relying on the word of a realtor. For more info about my services visit www.findapadfast.com.
That is based on executed sales agreement between both parties I am very specific in my sales offer on what takes place for both parties.
As contract been executed? If no then include specifics special provisions, if executed then complete an amendment.
National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
I am curious as to whether you are working with an agent? The reason I ask is that is the only way you can get a good market comparison to actually know what the market value is. As far as what you should negotiate depends entirely on the market value of the home. If the list price is truly fair market value and the bank responded they may not make another counter. I know in some of our recent negotiations once the bank countered the first time they were done. That may or may not be true in this case. Good Luck we hope you get the house!