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Appleton : Real Estate Advice

  • All87
  • Local Info5
  • Home Buying27
  • Home Selling9
  • Market Conditions4

Activity 69
Tue Aug 1, 2017
Russian9 answered:
you should ask for it to be split-it's a transaction that is taking place. Just because traditionally it's done one way doesn't mean it should. Paying for your own relator plus the buyer's relator doesn't make any sense. It's like in a divorce the seller is paying for both their own and there soon to be ex-spouses! It's a rip off. Each party should pay their own and stop this nonsense about the house is being sold. That is the objective but who ever came up with paying for every bodies needs to go back to some basics-each party should be responsible for their own needs and that's all. ... more
0 votes 22 answers Share Flag
Thu Jun 22, 2017
Kathy Burgreen answered:
Buyers should not be paying a fee to their realtor. Realtors working with buyers are paid from the proceeds of a sale when a home is sold - by the seller. I am noticing that realtors are starting to charge fees to buyers to compensate then for expenses they already spent with other clients. To me this spells GREED. Tell your realtor that you refuse to pay the fee and to waive it. For realtors that refuse to work with buyers because they don't want to pay the fee deserve to have negative reviews written online. ... more
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Sun Jun 18, 2017
answered:
Hi Mmedina1973,

Yes, the VA will automatically waive the VA Funding Fee as long as you have a service connected disability rating of 10% or more.

Some states will even waive your property taxes if you're a 100% disabled Veteran.

Take a look at the recommendations from some of my past clients on my Trulia profile by clicking the link below my phone number.

Please feel free to contact me for more information or help.

John Burke
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank
jburke@gpbankTX.net
Apply Online: https://secure.smartapp1003.com/102471/?loanofficerid=106115
(877)228-9069
NMLS# 787231
http://www.trulia.com/mortgage-lender-profile/MTG%20Banker/#reviews
... more
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Sun Apr 16, 2017
Damon.edward982 asked:
It's a bit of a stretch but my mom and I need to get out of an unsafe household and we can't afford much currently.
0 votes 0 Answers Share Flag
Sun Jun 5, 2016
Martin_jauch asked:
Fri Jun 3, 2016
Betsybacus asked:
We are selling a house. We accepted an offer. A week later, we got 2 more offers that were better. My real estate agent sent the 48 hour bump to the buyers' agent. The buyers'…
0 votes 0 Answers Share Flag
Tue Dec 29, 2015
aswifka asked:
Is this some kind of trick the seller is trying to play to make it look like a price drop? It's pretty annoying.
0 votes 0 Answers Share Flag
Thu Dec 17, 2015
Travis Anderson answered:
YES, you should bother. Call a lender that can lay out a plan for you and a timeline. That way, you can be excited to get going on a plan to buy, even if it isn't in the spring. Don't delay, the sooner you take action on a plan, the sooner you can buy. ... more
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Tue Sep 22, 2015
Amelia Robinette answered:
maybe one was the listing agent and the other was the buyer's agent - both sold it, but represented different parties in the transaction
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Wed Aug 19, 2015
Mike Werth answered:
Our listings sell with in the first week. Some get accepted offers before they are even listed.
We have a lot of buyers, when you have all these buyers looking for a home well do the math.
If is is not listed with us or a team member http://(www.WerthTeam.com) it most likely is still for sale.
100% truth. 920-702-0162 email mike@werthteam.com Yes we do sell over 240 Homes a Year.
Some Agents sell about 8 homes a year.
... more
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Wed Jun 24, 2015
Vestuniq answered:
I am having a similar problem where a bank and THDA refused to issue my wife a waiver of occupancy requirement even though a written waiver request was made, They wrote that their reason was due to IRS Guidelines stating that the home could not be rented or used as investment property yet THDA will not provide her with that IRS guideline. The bank representative wrote my wife a default letter stating that she did not make a payment on her loan and the letter was dated on the 17th but the default letter was not stating the truth. The bank actually received and cashed my wife mortgage payment check on the 10th which would not have caused my wife mortgage to be in default. Then the bank intentional sent a bank representative to my wife home and performed an occupancy inspection even though the bank and THDA were told a month earlier that the property was being occupied sometimes because my wife had a second home. they told her that she had to occupy the property continuously as her primary residency or sell the home and the property could not be rented or vacant. They were told that her husband was a non conforming borrower (his wife purchased the home before they were married and the husband name was not on the deed of trust) and according to THDA guidelines THDA and the server of the loan (Bank) must work out the problem. In other words the husband do not want the home sold but wanted the property rented. He did not want to sell the property because the value of the property was lower than what was on the balance on the loan. The wife only had seven years left on the loan but the same bank will not refinance a loan less that 10 years and the bank was going to charge loan fees. my wife did not want to pay any additional cost for the loan. My wife ( the borrower) and her husband read the rider which stated that THDA may accelerate the loan if the property is not occupied as primary residence but that same rider allowed for a wavier request which she wrote for a wavier but she was refused by THDA. THDA refused to produce the documentation regarding IRS information reason they refused the wavier. After reviewing IRS web page no information is mentioned about waivers regarding a THDA Rider or any rider associated with residential mortgages. We believe that the Bank falsified a default letter that was mailed to my wife after they knew that she had written the bank and THDA a written wavier request in an attempt to discredit her. then THDA uses that same default letter a says the reason for the default letter was because the property was being rented. the default letter doesn't mention anything about the property being rented it only states that the mortgage payment was not paid and the amount that needed to be paid and the penalty. my wife and her family have lived in the property over 20 years making her mortgage payments on time each month. We also noticed that these THDA loans are made to middle to low income individuals and they are issued based on districts or specific areas or neighborhoods. We think their policies are forms of discrimination because their policies are designed to keep people from moving up and out of an area especially if you can not sell you home. question to the readers do my wife have a case against these agencies? ... more
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Tue Apr 14, 2015
Steven D Arendt answered:
I think you have some options even though your credit score might not be the best. First, I would keep working on getting your credit score back into acceptable levels so you can finance in the future. Having the capability to acquire lines of credit or just conventional/commercial financing is critical to any investor. Right now or at any time I would not advise paying high interest rates to acquire cash. I would rather obtain some sort of creative financing like a land contract. Sellers that have investment property usually prefer land contracts because they can defer high capital gains costs. Buyers like it because it will offer them the same opportunity that a bank can offer but with more flexibility. Usually the buyer and seller along with their agent will structure the agreement to include down payment, term and interest rate. The closing process is the same as any other loan. The great thing about these loans is that you can close in a matter of weeks and there are no limitations on how many properties you can close. Your down payment funds could probably be structured from your current properties that are already paid for. You would probably have to pay for an appraisal on your current properties and re-finance to draw a percentage of money to use for down payment on future properties. This is a really good way to acquire more properties and not use direct funds in order to buy. If your credit scores are an issue for a re-finance you might be able to include another investor. When your credit score is at an acceptable level you can re-finance your land contract into a commercial loan or sell your property and make a profit before the land contract expires. You really have many options to acquire property or to make a profit on the sale. Think outside the box and think about ways to obtain financing in a creative way. Stay away from high interest rates to obtain cash. ... more
0 votes 1 answer Share Flag
Fri Feb 20, 2015
Steven D Arendt answered:
I think you would have a couple of options when wanting to purchase a non warrantable condominium unit. One option that I have used with my clients is that the seller could possibly hold 15% of the proceeds and the buyer would put his 5% down. This will give the buyer his 20% down to move forward with the loan and ultimately ownership of the condo unit. This is a portfolio loan using direct funds from the bank itself so more than likely the Bank will approve because the underwriter requirements are not as strict. Both parties are usually more than happy with this type of agreement. The payment on the second is minimal and the buyer can usually re- finance the second rather quickly. Recently a handful of banks have been offering first time home buyer options for non warrantable condos that do include a 5% down option with discounted closing costs. I know that Anchor Bank is using this first time home buyer product for non warrantable condos. Your credit score is great and as long as your debt ratios meet the underwriters approval and there are no other credit issues I think you can obtain a loan. ... more
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Wed Feb 11, 2015
Alex LaRoux answered:
I would have your agent do a CMA (market analysis). Look up the stats listed below in other responses or have your agent do so. I have also found at times having a buyer write a short letter explaining why they are offering what they are and a little about themselves can help.
Ultimately if it is listed with an agent I believe it all comes down to how the agent presents the offer to the seller. If the say " I got a cruddy low ball of an offer" , they are not setting the transaction for success. If they present it in a more positive manor and do a good job as an agent the seller should not be offended.

Also consider the strength of your offer other than the price. Are you asking for personal property"this often upsets sellers" , are you sending the offer with a pre approval, are you asking for a home selling contingency?

I often recommend to my sellers not to write a contingent offer and wait so we can write a stronger offer once I sell the current home and get them a better deal.

Hope this helps

Alex LaRoux
920-573-1478
alex@alexlaroux.com
www.alexlaroux.com
... more
0 votes 3 answers Share Flag
Wed Feb 11, 2015
Alex LaRoux answered:
Bret is right , currently the absorbtion rate is about 11.45 months for the inventory on the market


Status - A TOT LP: $24,288,697 HI: $1,695,000 LO: $250,000 MEDIAN: $324,500 AVG: $385,535
# Units: 63 TOT SP: $0 HI: $0 LO: $0 MEDIAN: $0 AVG DM: 143
AVG L/S Ratio: 0%
Grand Total: TOT LP: $24,288,697 HI: $1,695,000 LO: $250,000 MEDIAN: $324,500 AVG: $385,535
# Units: 63 TOT SP: $0 HI: $0 LO: $0 MEDIAN: $0 AVG DM: 143
AVG L/S Ratio: 0%

Alex LaRoux
920-573-1478
alex@alexlaroux.com
www.alexlaroux.com
... more
0 votes 2 answers Share Flag
Sat Feb 7, 2015
Noah Seidenberg answered:
The best advice is to go back to your lender and be honest. They won't be shocked. It can be dealt with.
0 votes 7 answers Share Flag
Tue Dec 30, 2014
Caleb Hart answered:
I've always heard that you can get home inspectors to take a look at it. They seem to know a lot about materials and how they look after so many years. I can't imagine there are many homes out there that have roofs that are younger than the house itself. I would start making some phone calls. http://www.aedroofing.com ... more
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