Home Buying in Wichita : Questions & Answers

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Christy Need…, Real Estate Pro in Wichita, KS
Christy Needles answered:
What's the typical process when buying a short sale?
Be patient!! :) Short sales can be good deals but they can take awhile to close. 2-5 months on average depending on the listing agent's knowledge, the bank involved, whether the ho ... more
0 votes Share Flag Mon Mar 5, 2012 Home Buying in Wichita
Jim Sullivan, Real Estate Pro in Wichita, KS
Jim Sullivan answered:
What are some tips for first-time home buyers?
First and Foremost get approved for a Loan through a good Lender like Fidelity or Capitol Federal or other Local Bank.
0 votes Share Flag Thu Mar 8, 2012 Home Buying in Wichita
Crystie Maco…, Real Estate Pro in Wichita, KS
Crystie Macormac Broker Assoc answered:
Which costs are potentially negotiable in closing costs
If you are referring to the lender cost, it is important to compare with other lenders..and then compare with each other...most fees will be the same with all lenders...Realtors shop le ... more
0 votes Share Flag Wed Mar 7, 2012 Home Buying in Wichita
Bruce Lynn, Real Estate Pro in Coppell, TX
Bruce Lynn answered:
What are some surprises that first-time buyers encounter when purchasing a home?
Missing paint behind large furniture items.
0 votes Share Flag Sun Mar 4, 2012 Home Buying in Wichita
Patti MacPhe…, Real Estate Pro in Wichita, KS
Patti MacPherson answered:
Short sale, contract signed by sellers, submitted to hud by lender. Now what?
Very good question. Short sales can be very frustrating and can take months sometimes to close. The best advice I can give you for you to ask your real estate agent to get in touch with ... more
0 votes Share Flag Wed Feb 29, 2012 Home Buying in Wichita
Mike Sullivan, Real Estate Pro in Alachua, FL
Mike Sullivan answered:
Can the bank raise the price on a short sale after the contract has been accepted? They want 5K more than asking price b/c of an appraisal.
Yes.....the contract is created when signed by the seller, but is contingent on acceptance by the bank. The bank as a normal course of business will have the property valued by an appr ... more
0 votes Share Flag Fri Apr 20, 2012 Home Buying in Wichita
Byron Tucker, Real Estate Pro in Wichita, KS
Byron Tucker answered:
Does being a cosigner on a refinance in the past hinder my chance of being a first time homebuyer on a house i want to buy now by myself?
If it has been over 3 years then you should he fine. It just depends on what type of first time program you are now wanting to use.
0 votes Share Flag Thu Dec 29, 2011 Home Buying in Wichita
A.F. Farha, Real Estate Pro in Wichita, KS
A.F. Farha answered:
Have you ever considered one of downtown Wichita's awesome loft properties as an alternative to a patio home?
Loft properties are attractive primarily for singles and young couples with no children. Patio homes generally appeal to people with smaller families and to the elderly.
0 votes Share Flag Thu Feb 26, 2015 Home Buying in Wichita
Janet Bates, Real Estate Pro in 67209
Janet Bates answered:
Is it possible to find a home in 67207, 67208 or 67218 for $20,000?
At times you can. I am checking for you now what is available. I can send you an email with a list of homes. If you would like to email me at jbates@kw.com or give me a call. 316-644 ... more
0 votes Share Flag Fri Jul 15, 2011 Home Buying in Wichita
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
Can you check to see if my closing date change?
If purchasing--Ask your agent the question, or your attorney, or your title company....
0 votes Share Flag Sun Jun 12, 2011 Home Buying in Wichita
Brian Rayl, Real Estate Pro in Frisco, TX
Brian Rayl answered:
So, what qualities do YOU look for in a Realtor?
I look for a realtor that has all of the same qualities that I do!

But then again, I could be biased. =P

Because it’s more than real estate. It’s RAYL-Estate!

Bri ... more
0 votes Share Flag Mon Mar 21, 2011 Home Buying in 67227
Byron Tucker, Real Estate Pro in Wichita, KS
Byron Tucker answered:
What does it mean when it's a HUD owned property?
HUD owned typically describes those owned by Fannie Mae and Feddie Mac. In a nutshell these are reposessed homes that are now offered through the servicer or bank who held the mortgage ... more
0 votes Share Flag Sun Mar 20, 2011 Home Buying in Schweiter East
Michael Emery, Real Estate Pro in Minneapolis, MN
Michael Emery answered:
What does it mean when it's a HUD owned property?
It's a home that has been foreclosed on and the loan was guaranteed by the Department of Housing and Urban Development or HUD.

The advantage of buying a HUD home is there are v ... more
0 votes Share Flag Mon Jun 22, 2015 Home Buying in Schweiter East
Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
After submitting a bid and obtaining seller approval on a short sale, bank sent a HUD -1 that is $19,000 higher than the listed price. WHY? Options?
It is often rare that a bank has been involved in the selection of the listed price of a short sale. The seller and agent usually pick a number in hopes the bank will accept it. It seem ... more
0 votes Share Flag Tue Mar 1, 2011 Home Buying in Wichita
Ginette L. H…, Real Estate Pro in Wichita, KS
Ginette L. Huelsman answered:
Can you negotiate property taxes?
You can appeal the Sedgwick County appraisal valuation, which if lowered, would affect the tax amounts. If the fee appraisal on the property (completed through the lender) is lower tha ... more
0 votes Share Flag Tue Jan 18, 2011 Home Buying in Wichita
Myra Gouger, Real Estate Pro in 89052
Myra Gouger answered:
What does the term townhome mean in your market?
Usually a townhome here is a group of attached homes in a small development of 30-40 buildings each of which may have 4-6 units. Generally there is a very high HOA (homeowners associati ... more
0 votes Share Flag Tue Dec 28, 2010 Home Buying in Wichita
Snowturkey, Home Buyer in Wichita, KS
Snowturkey answered:
Short Sale question & Buyers Contract question
I have went through all my paperwork & didnt see a buyers agreement. But maybe they didnt give it to me last time.
I just cant get a answer from the agent. I know its the holidays ... more
0 votes Share Flag Wed Aug 7, 2013 Home Buying in Wichita
Patti Butler, Real Estate Pro in Wichita, KS
Patti Butler answered:
my home is listed and i had pictures retaken of the home after staging and my realtor said they were changed on the mls but trulia's site still
The same thing happens with the company I'm affiliated with; however, I can go into my company's web site and manually change the photos. Once I have taken that step, the new ... more
0 votes Share Flag Sun Oct 3, 2010 Home Buying in Wichita
A.F. Farha, Real Estate Pro in Wichita, KS
A.F. Farha answered:
How can i find the right home for me in Wichita, Ks.?
Please contact me. I'd be glad to assist you. My e-mail address is afarha@weigand.com, and my phone # is (316) 680-6812.
0 votes Share Flag Tue Feb 24, 2015 Home Buying in Wichita
LesleyHodge, Real Estate Pro in Wichita, KS
LesleyHodge answered:
I am a malaysian wanting to buy property to live in Wichita. Any restrictions ? I would like to seek mortage am not sure if I qualify ?
There are no restrictions for you as long as you qualify for a mortgage. I highly recommend calling Steve Farmer with Bank of America at 261-4060 or Hope Dent with Metlife Home Loans a ... more
0 votes Share Flag Fri Aug 20, 2010 Home Buying in Wichita
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