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08081 : Real Estate Advice

  • All57
  • Local Info3
  • Home Buying40
  • Home Selling9
  • Market Conditions0

Activity 52
Mon Sep 2, 2013
Castellucci Laura answered:
I feel that it's still a buyer's market due to low interest rates...but for sellers, homes are selling, only if it's priced right and put on the market in tip top shape.... if you need to know more, feel free to contact me...856.981.1617 those are the 2 most important ingredients... ... more
1 vote 8 answers Share Flag
Fri Aug 16, 2013
The Rifkin Team answered:
Sorry but there is not anything like this that exists. Trust me any realtor would love to get a list like this because it would make the whole short sale process actually short. The only way to find out is usually to put in an offer. ... more
0 votes 6 answers Share Flag
Tue Aug 13, 2013
Terry Farnsworth answered:
You can "ask" for anything and everything, but it doesn't mean they are going to agree to it. Safety issues, such as a faulty outlet that won't trip, etc. are more likely to be agreed to by the owner than routine maintenance such as getting the furnace serviced/cleaned.

I have had listings where the buyer essentially asks for everything to be repaired/replaced, and my answer is always the same - If you want everything to be brand new and spotless - buy a brand new home.

It's understandable for a buyer to be cautious of that hairline foundation crack, the faucet that leaks a little from the side, and the furnace that looks to be at the end of its useful life. The inspection isn't, however, an opportunity to "hammer" the seller for everything that is showing its age on a 15-20 year old home. Typically, after the inspection there is another period of back and forth - where the buyer and seller will compromise on the repairs, and share some of the responsibilities equally.

The seller generally will either have the any repairs agreed to fixed by a licensed professional (providing receipts at closing), or more commonly - the buyer and seller will agree to another small closing credit to allow the buyer to address some of the issues after closing on their own.

At the end of the day - typically it's a compromise. Unless the seller is desperate or there are major safety concerns - usually both the seller and the buyer have to accept a little of the responsibility for the repairs and do a little "give and take". Otherwise, one side is going to feel like they are getting taken advantage of.

To directly answer your question though, I agree with Mary and the other agents. In my opinion - faulty breaker and valve would be reasonable to ask for. Chimney swept and furnace cleaned are routine maintenance issues that I wouldn't rock the boat by asking for if you are getting a good deal with favorable terms already. Air quality/mold test would be the responsibility of the buyer and should be performed during the inspection period after acceptance.

Hope that helps!
... more
0 votes 10 answers Share Flag
Tue Mar 26, 2013
Rahzhak Mizhauni answered:
Modifications in this economy.
Contact the US Treasury Department for that answer. Immediately after, ask a family who defaulted in their payments. Hardship is hardship; in any language. I could right a book. Enough said. ... more
0 votes 2 answers Share Flag
Tue Mar 26, 2013
Rahzhak Mizhauni answered:
Old post but very informative....

Do an assessment record search online. (Freebie)
Ask the owner to contact insurance company and request a C.L.U.E Report (Cost to owner)
Ask the owner how much she pay for her monthly water bill. (Freebie)
Contact the local fire department for last inspection (Freebie)
Talk to her neighbors. (Freebie)
Google to see if home is in a flood zone. (Freebie)

Special Note: A home is only worth as much as someone is willing to pay for it.

Your home inspector /Hvac, will give you an idea as to the condition.(Cost to buyer)

Take the initiative(s) and Good luck.
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0 votes 11 answers Share Flag
Tue Mar 26, 2013
Rahzhak Mizhauni answered:
Quick answer:
Google your question...12 immediate listings
0 votes 5 answers Share Flag
Thu Dec 6, 2012
Susan Black answered:
Fight the BPO- Appraisal- It is a long shot but I've had this happen several times. If your agent can show other comparable values in the lower price point sometimes the bank MAY consider it. IT is unlikely, however if enough time has lapsed from the last BPO/Appraisal sometimes it will expire and you can try again if you are in a community that the values are declining. If the area market is in recovery and values are going up, you haven't got a chance. Another strategy is to show items on the home that are major cost in repairs showing pictures relating to those items or contractors repair estimates can also affect the banks decision. It is a challenge in convincing the argument but your agent has to be somewhat forceful and tactful in communicating the issues. Good example of this is an AC unit not working. I was able to negotiate it to be replace by the bank to sell the home to a first time home buyer with FHA financing but not the Cash investor buyer, instead was able to get the bank to reduce the price in lieu of the ac unit on the cash purchase. This may not be the be your situation. But if you are creative you may think of some serious issues that need addressed in your home to reduce the price. Just a thought.
Best Wishes for Success!
Susan Black
... more
0 votes 7 answers Share Flag
Tue Aug 21, 2012
Michael Emery answered:
I could find only one program for the city of Mobile AL and applications were being accepted until August 3rd. See the link below as there is a telephone number. Call them and see what other programs are available. ... more
0 votes 1 answer Share Flag
Sun Aug 19, 2012
Laura Giannotta answered:
Thu Aug 16, 2012
Jeanne Feenick answered:
I suggest to my short sale sellers that they start with a conversation with an attorney that has experience with the process. Do that - so that you understand the process and implications. A local agent will be able to provide suggestions on the attorney front.

Good luck to you,
Jeanne Feenick
Unwavering Commitment to Service, Unsurpassed Results
... more
0 votes 7 answers Share Flag
Sun Aug 12, 2012
Voices Member answered:
Are there any new grants for people from pa moving to de..or does one really exist..
0 votes 8 answers Share Flag
Tue Jul 3, 2012
R. Eric Axelson answered:
Hi Jay, I have a guy who can help. In addition, with your wife's income, it sounds like my firm may be a good fit for you. While we do represent all price ranges, we specialize in luxury.

Please feel free to contact me in confidence.

R. Eric Axelson, Associate Broker
Licensed in NJ and PA

Kurfiss Sotheby's International Realty
267.507.2287 d
856.617.1212 m
... more
0 votes 12 answers Share Flag
Thu Jun 28, 2012
Larry Sarlo answered:
Again I would require some authentication of where you are in the process. If the bank accepted your counter get a copy of that in writing. This way you are not guessing and confusing the terminology nor is anyone else.
any approval of offer , counter or decline should be in writing to you. At this point you are just confused in where you are in the process.

Get it in writing what the bank is doing. It is just a matter of a copy of the communication from the bank...
If its part of the "Equator" or "RESnet" system it came by way of email definitely so it is written...
get a copy then ask questions what it all means. Its merely an email or fax to you...and good to put in your file.

Get a copy (written) of all communications you were told already. It will help you clarify your position.

Search Short Sales and foeclosure Deals at

Larry Sarlo
RE/MAX Preferred
... more
0 votes 8 answers Share Flag
Wed Jun 13, 2012
Joseph Mullica answered:
The post office system in South Jersey is a very confusing and overlapping.
The boundry for Gloucester Township is Berlin Cross Keys Rd from Kearsley Rd near the Camden County Technical School to just past Johnson Rd on the other side of the Atlantic City Expressway.
This end of the township borders Pine Hill, Berlin Boro, Winslow Township, Williamstown and Washington Twp.
If you need assistance in locating homes just in Gloucester Township I may be able to assist you.
... more
0 votes 6 answers Share Flag
Fri May 18, 2012
Brettthe Mortgageguru answered:
Hi James. I work for Wells Fargo Home Mortgage. We go down to 600 scores with only 3.5% down. I also offer a program that is 2% down with NO MI. Ms. De La Cruz was incorrect to say that Wells Fargo goes down to 500 credit scores. I can be reached at (856) 343-7197 or email me at or apply online
NMLSRID:296261. I would be glad to assist you with a smooth, worry free professional mortgage expierience.
... more
0 votes 8 answers Share Flag
Thu May 3, 2012
I strongly recommend you review your finances, especially your credit, and take your time to prepare for the homeownership experience. Buying a home and taking on a mortgage loan is a HUGE step. If your credit score is less than 680, you really need to get better prepared so that you don't find yourself in trouble soon after buying your home.

Folks with poor credit and insufficient financial standing who purchased homes during the BOOM got easy mortgage money, but look at what happened after the fact. The mortgage is your responsibility; prepare yourself with strong credit, sufficient savings, and consistent, reliable income before you consider buying a home.

Sure, there are zillions of mortgage people who'll offer to help you with financing now. Based on my real world experience of 22+ years in this industry, I'd suggest those mortgage people aren't offering valuable assistance, only leading you to a potential financial disaster.

Trevor Curran
NMLS #40140
... more
1 vote 10 answers Share Flag
Wed Aug 10, 2011
John Bancey 908-577-8184 answered:
Rent to own also known as rental-purchase. Hope you get what you want....JB
0 votes 4 answers Share Flag
Fri Aug 5, 2011
Jeff Onofrio answered:
I can help using USDA or VA if you and the property qualify. There are additional ways we can get you to 100% using county and state programs.

Feel free to give me a call and I will be happy to help you.

Jeff Onofrio
AnnieMac Home Mortgage
Direct 856-505-6717
Mobile 609-217-9409
... more
0 votes 4 answers Share Flag
Wed Aug 3, 2011
John Sacktig answered:
Fi -

The process begins when you list your home for sale as a short sale. Your Realtor should be working with you to discuss and help you arrange the paperwork necessary to preset to the bank once you have an offer,

So yes, you can start the process by listing your home for sale and be ready once the offer comes in.


Be sure to have a Realtor that knows the process.. Usually an SFR designated Realtor will be more in tune with the process then the average "I'll send it to the attorney to do Realtor"

Be smart.. Send the first offer that comes in the bank. Don't be insulted, don't look to make a "counter offer" as you really have nothing to counter for since it is not your actual decision on how much the bank will lose, so what is a counter offer going to do for you? Wait for an answer on that initial offer and take other offers for back-up.

Don't go into "attorney review" there is no "attorney review" until you have an accepted offer.. Any “attorney review period ” prior to the bank accepting an offer is nothing but wasting valuable time and possibly the buyers money.. What are you reviewing, the possibility that the offer might be accepted? Does that make sense? The bank may ask for a HUD statement and you can ask an attorney to prepare one for your SFR Realtor to send in with all the necessary documents.

If you go about it correctly, you will have an answer in no time.. So yes.. start it NOW.
... more
1 vote 20 answers Share Flag
Tue Jul 26, 2011
Lisa Reeves answered:
Papers have been filed may mean a few things. The most likely is that the foreclosure action has been started with the court. These means the Lis Pendens has been filed or papers have been filed and foreclosure has started. Second is that paperwork has been filed with the lender or third parties. However the listing agent would usually say the package or file has been submitted to the lender not usually ... more
0 votes 12 answers Share Flag
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