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Home Buying in 01843 : Real Estate Advice

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  • Home Buying10
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Activity 10
Sat Feb 1, 2014
George Silva answered:
Home auctions differ from regular home sale purchases

Bidder needs to bring the stated amount of money required to bid on the home

Winning bidder will have 30 days to close on the home or they will automatically looses their deposit

In most cases you will not have access to the property's interior to inspect its condition
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Wed Jun 19, 2013
Christine Moran Realtor & Notary answered:
Fees usually include Master Insurance,Security,Swimming Pool,Laundry Facilities,Exterior Maintenance,Road Maintenance,Landscaping,Snow Removal,Playground,Recreational Facilities,Exercise Room,Clubroom,Extra Storage.

You would need to check prior to purchase what the current fees are.
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Thu Apr 4, 2013
Jim Driscoll answered:
The apr seems high as compared to the rate. Normally the appraisals are not transferable unless the loan is a govt FHA or VA loan
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Wed Apr 3, 2013
Heath Coker answered:
You should be able to find comps in Lawrence that have 7 bedrooms and 3 baths vs 3.5 baths.
That should point you in the right direction.


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Wed Apr 3, 2013
Heath Coker answered:
Hi Hector,
You can search the internet for info about a Tax Abatement.
This is what a reduction in the tax bill is called.
You have to go through specific steps with specific time constraints in order to be successful.
The current owner may be beyond the time allowed for them to request an abatement for the current tax assessment.
It may have to happen with the new owner.


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Wed Apr 3, 2013
Heath Coker answered:
I have had deals go both ways - to closing and into oblivion.
The factors are: the amount of difference in the value of the appraisal and the agreement.
The amount that the buyer truly wants to own the property.
The uniqueness of the property.
The ability of the seller and or buyer to absorb the difference.
If the fixes needed are cosmetic, dangerous, optional, mandatory, etc.


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Wed Apr 3, 2013
Heath Coker answered:
I usually suggest getting a credit equal to the estimates for the repairs and then the buyer can have the work done and also have the warranty.


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Thu Mar 21, 2013
Josh Barnett answered:
Sounds like you have found a problematic tenant, next property or get in, buy it, and evict.
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Wed Mar 20, 2013
Heath Coker answered:
Hi hector h,
My experience says:
If this is for an existing loan, you need to have the equity and be able to prove it with an appraisal.
If it is for a new loan, you still need the equity, or a special program that allows for "extra" loans that are usually subordinate to the first.

I would contact a local lending professional to help with this answer and to save time and money.

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Thu Dec 16, 2010
Kevin Vitali answered:
My guess is if you can prove you pay all of the mortgage and shes not deducting any of it, that you can take the entire deduction. I definitely would not do anything with out checking with an accountant first. ... more
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