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Home Buying in 03103 : Real Estate Advice

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  • Home Buying11
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Activity 11
Sat Mar 12, 2016
Scott Godzyk answered:
This is when your buyer agent earns their money, they should be assisting you. If you did not have one you may need a lawyer to review your contract. Your question was about a month ago so i hope you have worked through the issues. When buying a bank owned property, it is best to complete a quick inspection before making an offer so you can identify what the property needs before making that offer. ... more
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Mon Sep 8, 2014
Scott Godzyk answered:
Even though the question was asked in March of 2013, it is still a popular question from those seeking a real estate investment. Manchester remains as the leading city for investment properties because you will find the most available and variety of properties here. Which property to buy depends on what your goal is. If you are looking for monthly income? or are you looking to build equity? you need to think that a 2,3 or 4 unit building will bring in more income but also be the most work. A condominium will be the least amount of work and a single family may build the greatest equity. Either way by going overt your goals, your desire, your level of work and available funds.. The right investment property for you can be established. You can email or call any day.

Scott Godzyk
The #1 Trulia Agent in New Hampshire
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Tue Mar 11, 2014
Scott Godzyk answered:
Jonathan there is no doubt you have received a wide range of advice. INDEED old school Real Estate agents did sit down and pre-qualify their buyer letting them know what the APPROXIMATE costs of the mortgage, insurance, taxes and utilities may be. In today's real Estate world many agents pass that task off to the loan officer. THE KEY is working with a good buyer Broker who works WITH the loan officer to answer those questions. I would be more than happy to assist you. Please email me at sctprop@aol.com and I can assist you in getting pre-qualified with a local and trusted loan officer and get you those answers.

SCOTT GODZYK
The #1 Trulia Agent in NH
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Tue Mar 11, 2014
Scott Godzyk answered:
Jonathan mortgages are not just based on credit score. With a large down payment, credit score can be nearly anything. Your best bet is to meet with a local and trusted loan officer who can pre-qualify you at no cost and look at your score plus your financials. I work with some very good loan officers if you need some assistance with a name and number. ... more
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Wed Sep 18, 2013
Jim Olive answered:
As Scott points out...seller financing is not as common now as it has been in the past few years, when it was a buyer's market. Now that the tables have turned, and the seller's are in the driver's seat, it's not so easy to find. But it is out there. The key is incentive, which means seller's will need to be LURED into it. A big down payment is often an incentive, but the buyers typically looking for seller financing are usually not the ones that have a bunch of cash to make the big down payment. Kind of a "catch-22". Best of luck to you... ... more
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Sun Aug 25, 2013
Scott Godzyk answered:
For legal questions you should ask your bankruptcy attorney. When you file with the court, it will halt the foreclosure temporarily. the bank can ask the court for an order to continue foreclosure and if vacant an order to secure the property. Again for a true legal explanation, you should ask your attorney. ... more
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Wed Jun 12, 2013
Scott Godzyk answered:
I agree that anyone you have to pay is not a mentor. Start with a good Buyer Broker who is WELL experienced in Investment properties. If you would like some assistance in getting started please contact me.

Scott Godzyk

The #1 Trulia Agent in NH
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Sun Dec 2, 2012
Scott Godzyk answered:
Patty the estimates you see on Trulia and similar sites are often not realistic when it comes to what a home is worth in todays market. You often can not change what they have in their formulas. It is unfortanate but a fact of life we face every day. They use recent sales and property transfers that are often not true market value which often values homes much less than what they are actually worth. The best way to get your homes true value is by having a local and trusted Real Estate broker complete a BPO known as a Brokers Price Opinion. it will look at the 3 most comparable and recent sales and 3 homes most similar currently listed and arrive at what your home is worth, what you should ask for it if you placed it for sale and what you would probabily sell it for in todays market. Please feel free to contact me if you need assistance selling your home.

Scott Godzyk
Godzyk Real Estate Services
sctprop@aol.com

Trulia's #1 Agent in New Hampshire
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Tue Aug 28, 2012
Scott Godzyk answered:
There are pros and cons to both. If you are living there you should want to take advanatge of the tax benefits it being owner occupied. If it is going to be a rental, then you mnay want the company or perhaps a seperate realty trust not connected to the company. The best bet is to as a lawyer who can break down the benefits, pros or cons of each for you. If you would like some help finding a property, please let me know. i would love to help you. ... more
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Fri Aug 17, 2012
Maria Cipollone answered:
Hi,

When you say a few months old. Is a 2 or 3 months old. Yes, it could be used as long as the lenders agree. If is older than 3 months I do not recommended it to do that. The comparable definitely are not good anymore.

Sincerely,
Maria Cipollone
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Tue Mar 27, 2012
Scott Godzyk answered:
Sheila if you rented they would giove you a 90 day eviction. If you were owner occupied they will give you a 30 day eviction. Once the auction is complete the home is usually assigned to an asset management company which then assigns the listing to a local agent who is on their approved list. You would then get a letter from the. The eviction is done by the banks attorney. You may have an opportunity for cash for keys, they will pay you to get out in 30 days or less to help with your move. The amount is negiotiable, the rule of thumb is teh faster you can get out, the more money they will goive you. Good luck working things out ... more
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