HSA does a good job here in Delaware. I can tell you there are different prices for different Real Estate company's. According to HSA they just lowered the price through our company by $50. If cost is no concern they are the only company I use. Unless my client wants to use someone else. Best is to compare what they cover side by side and make your decision. Good luck.... more
While most banks do not put up homes for rent...fannie mae has and still does.
Go to homepath.com and check out the listings in the state you are thinking of purchasing in and call the agents handling those properties...even if the homes for sale are currently rented, they can possibly help direct you to other homes they are representing for fannie mae.
Tom Hinz www.shortsaletosell.com... more
Settlement help can be used for down payment or closing cost. an important point is the seller will give settlement if you have not asked for a large reduction in price. In other words the seller may lower the sale price or give settlement help. However the net to the seller has to be still in the fair market range of the property. Hope this helps.... more
Chynadoll, Bear is my area! There are many properties you described in the area you are looking. HOA fees are very common and what may be a perfect fit for you could have the HOA fee. However HOA fees can range from $25 a year and up but are rarely very high. There is a community called Pine Forest that sounds like it would fit your criteria. If you would like more information my cell is 302-650-4155 E-mail firstname.lastname@example.org. Good luck!... more
(REO) Bank Owned homes provide some of the best value in the market today. I have had many successful transactions with this type of property.
The condition of these homes will very and is an important factor to note when purchasing from a bank. The banks often advertise these for sale as-is. I have had buyers using both VA and FHA loans successfully purchase REO properties.
May not have utilities on and that must be addressed for inspections
Banks require a number of addendum's to the Delaware Agreement of Sale
S. Walt Simpson
Keller Williams Realty
I agree with the advice given. Just remember there are other aspects of your situation and history that will be considered by potential landlords such as job history, income, previous rental history etc. You may find it beneficial to emphasize those other areas that are positive when applying for a rental.
I do a lot of short sales and I can tell you that 100% of the time the banks I have worked with will not allow a contingency of sale. I have had some that move super fast offer to close in 45 days and others that have taken close to a year. I think they shy away from the contingent sale just in case they can close quickly.... more
You know what? Cindi is correct! And I'm embarrassed that I forgot to mention anything about this.
Please bear in mind that certain upgrades really must be done when a home is built, like an extra row (or even 2) of blocks in the basement, or extra recessed lights, etc. Lots of other stuff can be done later, and for much less if you do it yourself or even just with a decent handyman or contractor.
The only upgrades that we wished that we HAD done and did not were more recessed lights in the kitchen area.
If you do proceed with new construction, you'd be well-advised to get a radiant barrier installed after it's built in the attic. This will cost about $500 to do yourself, and it will save you at least double that every year in heating/cooling.... more
Everything is negotiable Brenda but it must be done properly. Hope you are using a Realtor, they will not be an expense to you and builders will work with them. This will usuallykeeps the negotiations from getting out of hand. My answer to your question is to sign on with A Realtor you feel comfortable with, Then with your Realtor present pick the options you wish to add into the home have thbuilder or builder's agent show you the full price that the builder will be asking for the home. Most builders will not acknowledge your Realtor if you have visited the site for the first time without that Realtor present.... more
Hi Ab, Hard to answer that for a couple reasons. 1. Home values went up dramatically from 06 to 07 and part of 08. Then the values went down as we all know. Probably homes are at 2006 values. Poor condition will depend on several things. So as Jacqeline indicates, without seeing the house it would be hard to evaluate. Sorry... more
The first thing I would be wary of is buying a home and renting it back to the homeowner. Unless you know the ins and outs of what happened to get them in the situation, I wouldn't touch the idea of renting back to them.
Second, if you know the person and you are comfortable approaching them about buying the property, then do so, otherwise, you can have a realtor work for you, but you would have to pay them a commission on the sale. Also, a realtor can help you determine if you are paying the right price for the home and what steps you need to take to purchase.
Third, unless you are paying cash, contact a lender and get pre-approved.
Fourth - Make sure you know what stage of the foreclosure process the home is in. You want to get authorization from the seller to be able to call the lender and talk with them directly, that way you have the complete details of what's going on with the home.
Fifth - Contact an attorney to do a title search. You don't want to get into the process and find out the homeowner has alot of liens on the property.