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19102 : Real Estate Advice

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  • Local Info0
  • Home Buying6
  • Home Selling0
  • Market Conditions0

Activity 8
Tue Oct 11, 2016
USMortgageRanger answered:
Thanks for your service from one Veteran to another. If the property is not currently approved for VA financing its a fairly simple program for Lender with the breath and dept to certify the building. You can find out this information from the HOA.

I would be delighted to provide you with some mortgage options, this does not require us pulling your credit and will allow you to make the best decision for your family. I can be contacted for a FREE no obligation consultation.

Lowell Sterling
Mortgage Banker
NMLS 968898
Phone 469-347-3572
... more
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Thu Sep 29, 2016
Garry Staegemann asked:
I purchased a one-bedroom condo in Center City Philadelphia around mid-2013 for roughly $300k in a beautiful historic building a block away from City Hall. I lived in the condo for a couple…
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Tue Mar 15, 2016
Alvan Markle asked:
Sat Jun 9, 2012
answered:
If you are going to live there for 4 hrs I am sure that renting is the best option :-)
As for 4 years, it really really depends on what your long term goals are. If you change your mind and stay in the area, you already have a home. If you move you can still rent out the property if you intend coming back to the area later. If you are looking to build equity in that amount of time, I don't see property values changing that much. It is a great time to buy with rates so low and property values being down also. Owning may actually be a cheaper option. lets look at $150,000 home with $1800 per month in taxes. With 5% down it wil cost you approx $880 per month for Principle interest taxes and insurance. Your out of pocket at settlement is about $8,000. Title and transfer taxes mortgage costs. If you buy right and get a seller assist that can defray those costs.Your 5% down is equity in the home so you will get that back at some point. If you sell at the same price in 4 years you will spend about $12, 000 in realtor fees and transfer taxes. So $ 20,000 over 4 years is $416 per month. Technically if you sell that house has cost you $1200 per month.

Now what is it going to cost you to rent?

Regards,
Alan Openshaw
Cornerstone Lending Inc
Southampton Pa 18966
215 953 0800
cell 267 992 7276
VOTED BEST IN BUCKS 2010 & 2012
NMLS ID 143960
... more
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Tue Jul 19, 2011
NonRealtor answered:
Hi Crrn,
Congratulation on selling at the peak 6 years ago. Rent. Owning a house is work and it isn't cheaper. Stack your cash in retirement accounts, where they are protected from bankruptcy. Who cares about equity--if you buy, you'll have your house paid off when you're 90--like I said, who cares. Nobody knows the future, but we do know that you will probably encounter some hefty medical bills at some point. Maybe talk to a financial planner to discuss your options. And yes the realtors will always say to buy. Good Luck ... more
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Tue Jul 19, 2011
Chris Vanderveer answered:
Dear Legally Challlenged, These contracts are always subject to various legal nuances, and I am sure many people on here, have given you advice, but the best advice, and given from a party Legally liable for its delivery would be an attorney, call one and find out what your rights are, you may be able to force the sale, unless this is the palazzo of your dreams, most people just walk away and find a new property, If you are out looking again, please call me, I know alot about Center City real estate, Chris V, THE CONDO SHOP 267-693-2547 ... more
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Tue Jul 19, 2011
Chris Vanderveer answered:
The Acadeny House and Packard grand are quite different actually, Many of my clients have wanted to be at Academy House, because of its proximity to The Arts Area, The buidling I believe is from the about the late 70-s period, however, already new windows have been put in and the hallways are being re-done, Fitness centw with pool !! Some upgraded units are amazing, View from the South on the higher floors also excellent!! Packard Grand, was re-done and made into a Condo in about the 2004, Period, Every Unit are nice,!! granite tops in the kitchens, nice bathrroms, There you are more in the City Hall Area, Del Friscos in the basement,and ,.. Ritx Carlton close, too, Prices tend to be about 400 a foot,~ ... more
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Fri Dec 3, 2010
Michael Cohen answered:
The estate has to go into probate and the will will dictate who is the excutor and all members of the estate must agree and sign off on the sale or this sale will not occur and you can not get title insurance. Most title companies are very caredful about estate propeties and make sure that all parties approve of the transaction. All good to consult consul, call me I have a few good attys ... more
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