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19348 : Real Estate Advice

  • All11
  • Local Info1
  • Home Buying3
  • Home Selling2
  • Market Conditions0

Activity 9
Mon Feb 23, 2015
Gary Swank answered:
You must consider the cost versus the return on investment. Most buyers look for
energy efficiency in any home they tour. New windows imply value to a buyer. Old
windows appear as yet another cost of ownership that a buyer may not want to take on.
In my opinion, your best option is to take your time and replace the windows as you can.
Storm windows are very outdated and you probably won't recoup your investment.
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0 votes 5 answers Share Flag
Wed Jul 2, 2014
Rory Burkhart answered:
Hi MK

To answer your question, you do occasionally get the mushroom odor in that community... I have lived in Kennett Square for most of my life and sell quite a few homes here. Knowing the proximity of your home to these facilities is critical in some buyer's selection process. I would be happy to assist you if you are looking for someone with an in-depth knowledge of the area! I hope this helps!

Thanks!

Rory Burkhart
Keller Williams Realty
610.470.6131
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0 votes 1 answer Share Flag
Thu Aug 16, 2012
Bonnie Banerjee answered:
I am interested in renting, I will take care of the property because I am a neat freak. I have a dog butr she will only stay with me part of the time, if that since my soon to be ex-husband and I share her. Pleaswe let me know if you are still looking for a person to rent your property. My email is Dogluvrr@aol.com.

Thanks.

Bonnie
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0 votes 4 answers Share Flag
Wed Apr 18, 2012
Jim Simms answered:
Johnny, I just posted this answer on a similar question. I’ll be passing through your neck of the woods soon, will wave.

Most, not all people seek a lease option because they do not qualify for traditional financing. By trying to work around the system that is in place to protect them the level of risk and probability of failure increases dramatically. Not one “lease option buyer” I have ever spoken to understands the transaction nor have I ever provided an end loan to convert anyone to a traditional mortgage from one of these puppies. The desire for home ownership is almost an obsession in our country, driving people to take unwarranted risks.

Most of the people that are trying to use this type of transaction to circumvent the traditional process have asked a loan officer how long it will take to be eligible for a regular mortgage. The LO always gives the best case scenario with the shortest timeline. Whatever timeline you were given, double that and then add 6 months to a year to that number, only then do you have a safe and realistic target date.

Yesterday a LO in my office was asking for help trying to sort out a poorly written lease option. The buyer and seller agreed to use a portion of the rent for down payment, not automatically allowed when it comes time to arrange permanent financing, rent is rent, down payments are down payments. It doesn’t matter what the parties agree to, the lender must follow the underwriting guidelines.

Protect yourself and your money, research before you jump in, these transactions are not as simple nor are the regulated by the Feds like a mortgage, you are going in alone!!! Information in the link below may protect you from harm. Good luck,

Jim Simms
NMLS # 6395
JSimms@cmcloans.com
Financing Kentucky One Home at a Time
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0 votes 1 answer Share Flag
Sat Oct 10, 2009
Robert Greenblatt answered:
Appraisers typically measure the home and use the information based on their findings. Sounds like the Appraiser measured your home as 1442 square feet. Unfortunately, he/she can';t verify the complete accuracy of the MLS. Call the appraiser and ask your agent.....you can challenge the appraisal of you feel it is inaccurate.

Robert Greenblatt
Keller Williams
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0 votes 1 answer Share Flag
Wed Feb 11, 2009
Tara Rucci answered:
The market is slow right now. People are hearing about the Real Estate Tax Credit and that mortgage rates may drop to 4%, so they are waiting to find out what will happen. Be patient, the spring market is sure to increase traffic. However, consult with your real estate professional to make sure your home is priced accurately and will show well. It is important that you really listen to what the realtor says, people are having a hard time accepting the fact that prices have dropped so much so quickly. I hope this helps. ... more
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Sat Feb 16, 2008
YOUR FRIENDLY NEIGHBORHOOD REALTOR answered:
I think my best answer for you is to call one of the best home inspectors that I know in the PA area and his name is Bud with the Home Team and his number is570-208-5320 and you can tell him that Henry said to call.Good luck with that. ... more
0 votes 2 answers Share Flag
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