There are all kinds of programs around. It's just a matter for matching to a plan for your situation. Call me 267-395-0251 and leave me a message if I am not available and I will return your call.
KELLER WILLIAMS PREFERRED REAL ESTATE
62 South Main Street
Yardley, Pa. 19067
Office: 215-495-0200 ext 1087
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If the lenedr only requires 5% down then that is really all that you need. The seller should not care what you put down. The seller may have accepted the offer becaue it was less of a chance for the mortgage company to decline you with 20% down and therefore the settlement would be smooth. I would put the pressuer on the mortgage company to make sure they have to cleared to close at least 3 days before the settlement. The seller can keep any earnest money that was put down on the contract if you should get declined because you were trying to obtain a mortgage that was not agreed to on the initial offer... more
Shelia...it depends on the association. there is something called a capital reserve account. usually the roof will be "reserved for" over time so there in money available...however, some condos don' have good financials...which is why buyers are given a 5 day review period on resales and 15 on new construction to review the condo docs, fianncials and budget....when you get the "3407" be sure the current balance sheet and profit and loss are there, learn about the reserves and get some advice if its suitable for the siize association.... more
The answer to your question is Yes! Condo's are great for older active people who aren't interested in taking care of the mundane duties of life such as shoveling snow and cutting grass. It can free them up to join a gym, go bike riding or just pursue their favorite activity without that "oh I got to take care of that" feeling. Also condos tend to be more secure if that is an issue. Condo resale value is not the best, but if this is not an issue then I say tell them to go for it!
I have to agree with the rest of these guys, I don't think its coming back. That being said, it opens the door for serious buyers to get a good deal. The pool of buyers will decrease, so with less demand, sellers should be more willing to accept offers. We'll see how it effects market here in Northeast Philly.... more
Did you know if your a first time home buyer you can get $5000.00 up front for your closing cost, plus you still can have seller pay up to 6% of your closing cost. If you like anymore details please call me anytime.... more