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08872 : Real Estate Advice

  • All21
  • Local Info2
  • Home Buying11
  • Home Selling3
  • Market Conditions1

Activity 18
Thu Nov 10, 2016
Robert Greenblatt answered:
Hi Hmrhea,

Fantastic program which allows you to finance the renovation costs for the house and only have a 3.5% down payment. Depending on your financial situation, a lender may also have access to a conventional loan product which also includes renovation financing. If you don't have much cash to work with, an FHA203K is a good option.

Good luck! - Robert Greenblatt
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0 votes 1 answer Share Flag
Mon Oct 24, 2016
Susie Kay answered:
That depends on how the contract is written. You would need to hire an attorney and you shouldn't play around with taxes.
0 votes 1 answer Share Flag
Mon Jul 4, 2016
Lighting asked:
Buyer is very much interested in such a house, but listing agent said that house cannot be sold and it needs to be raised according to FEMA (Federal Emergency Management Agency) and township…
0 votes 0 Answers Share Flag
Sat May 7, 2016
Paul answered:
Use InBedrock.com to fully understand + analyze all real costs of homeownership, including purchase price, down payment options, closing costs (title insurance, bank fees, inspection/appraisal, legal), mortgage financing- interest rate, term, points, pre approval requirements, RE Taxes, HO Insurance, utilities/maintenance/condo fees, selling costs (broker commission, capital gains tax, state transfer taxes). InBedrock.com is educational, in-depth, easy-to-understand. Invaluable especially for serious first-time homebuyers. ... more
0 votes 2 answers Share Flag
Thu Sep 18, 2014
Simon Campbell answered:
The best answer to this question is going to be provided by either your local loan officer or your real estate agent. They are going to be much more familiar with any governmental programs that you can qualify for. ... more
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Thu Sep 18, 2014
Mr. Robertwaller I answered:
the if i have 30 k prt wsnt my writing just want to clarify that it ws prt of auto question from trulua
0 votes 34 answers Share Flag
Wed Sep 17, 2014
Ruth Walker asked:
What rental agency,rents below $1,000.00 or less a month for furnished condo,or apartment.,with a pool included ,nearest Virginia Beach?.Thanks."
0 votes 0 Answers Share Flag
Mon Sep 15, 2014
Leonard Dunikoski answered:
A person who's retired may buy a house either by paying cash or by qualifying for a mortgage. A mortgage lender will want to know how much income you have (social security, pension, IRA accounts, stocks/bonds/dividends, etc.). If you're thinking about getting a mortgage, start by going to the local bank you deal with and ask them to "pre-qualify" you for a mortgage. This service should not cost you anything, and you won't be obligated to use that bank if you do decide to get a mortgage but want to shop around for the lowest interest rates. ... more
0 votes 5 answers Share Flag
Mon Sep 15, 2014
Dan Tabit answered:
Vic,
Assuming you have a VISA to be here and work, not hard at all. Find a great local lender and discuss your situation with them, and if you meet the basic qualifications apply and get approved. I work with many international clients all the time and it just comes down to adding their visa status to the standard qualifications. Best of luck. ... more
0 votes 1 answer Share Flag
Mon Sep 15, 2014
Christopher "John" Kruk answered:
Also consider credit repair. Ask your Realtor or mortgage professional if they have a trusted credit repair firm that can help you improve your FICO score. Sometimes it takes paying down just a few credit sources and your score jumps very quickly. ... more
0 votes 2 answers Share Flag
Tue Nov 19, 2013
Richard Adamski answered:
Are you still interested in the area ? I can guide you the best ways to commute to NYC midtown or downtown. The immediate area has a lot to offer.
1 vote 4 answers Share Flag
Mon Jan 2, 2012
Me answered:
Funny from July 2011 to Jan 2012 interest rates have basically stayed low & this is the typical response from a realtor. Do your own research don't rely soley on the opinion of a realtor as some of them are more worried about what they can get from your home or sale then abiding by the realtor code of ethics(NAR). If you choose to rely on a Realtor,please do so with caution & try to find a family or friend who recently sold/bought a home, if they had a pleasant experience ask for their realtor's name & number.
READ all wording in listings,contracts etc. If you don't agree or like something change it ASAP, don't fall for don't worry it'll be ok, ALWAYS get things in writing, no matter how small it may be. Never rely on a realtor to look out for your best interest. Once they think you have time & money invested involving sale of home things change, example: Something listed as including in the home now all of a sudden turns to be a negotiation & realtor states it was an error, costing thousands of dollars in the end that you had no intention spending,in fact if truth was known would have never given home a second look. You can go into a Real Estate place & ask for a list of homes that recently sold (COMP) then compare desirable features & whats offered with home. If they know you're looking to sell your home, They'll offer to come look at home & tell you what THEY think your home would sell for on the current market. DON'T be pressured into signing any contract UNTIL you're absolutely comfortable. They may give you a price to list your home, in the end YOU have the final say... whether right or wrong it's always better go a little higher, you can always go down not up, dont sell your home short. I love when they say " you may take a hit on the sale of your home but in the long run interest rates are low so it really balances out in the end". IF YOU'RE not comfortable with numbers don't do it!!!
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0 votes 14 answers Share Flag
Tue Nov 29, 2011
Jim Simms answered:
How many people are there and how many offers are they willing to make each?
0 votes 8 answers Share Flag
Tue May 31, 2011
Dorene Slavitz answered:
Dear Brian,
There are three ways to determine value for commercial property.
income-analysis method
replacement-cost method
market-data method
0 votes 2 answers Share Flag
Wed Oct 7, 2009
Mary Petti answered:
Originally listed July 2008 at $309,000

re-listed June 2009 at $299,999 and is currently listed at $279,000.
1 vote 1 answer Share Flag
Wed Dec 17, 2008
John Sacktig answered:
Great house. I know the area well and I have seen many in this development. The resale is just fine.

I checked out the recent closings..there are noe really that comp.. the closings have bee up to and over 600k

I'd take you in at 485k.. considering the price the current homeover paid for the property.. you would get a steal at 495 -500k.

Call me and lets set up a time to make this offer!

John Sacktig
Broker / Manager
Orange Key Realty
Office: 732-863-6969
Direct: 732-213-1409

JSacktig@orangekeyrealty.com
... more
0 votes 1 answer Share Flag
Tue Jun 10, 2008
Alan Sharf answered:
You purchase your home in down market., which should mean you purchase your home not at the hight of market. If you are going to stay in your house for the next 3-5 yrs. your home will apprecate. This market we are in is at the bottom of the cycle. Just keep your home update (looking like new). The homes that are updated are sell now and have mult offers. ... more
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