Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

23236 : Real Estate Advice

  • All14
  • Local Info1
  • Home Buying7
  • Home Selling2
  • Market Conditions0

Activity 11
Sun Feb 26, 2017
answered:
Hello, I'm a mortgage professional.

I should be able to help you with this.

I can lend nationwide and I'm available almost 24/7.

If you would like help you are welcome to contact me. ... more
0 votes 1 answer Share Flag
Tue Jan 31, 2017
Dennis Norwood answered:
Seller financing can be a great idea or a terrible one, depending on a host of factors.

Generally, sellers are willing to owner finance when they would experience a significant taxable event and generally buyers seek owner financing when conventional financing is unavailable to them. Otherwise, conventional financing is almost always cheaper and easier.

But if you do choose to go the seller financing route, just be careful as there are many different forms. If the seller has a mortgage already and you are paying them in an arrangement called a ‘wrap,’ then you have considerable risk if the owners fails to make the payment. If you engage in a ‘contract for deed' arrangement, then you really haven’t purchased the home as the seller maintains control of the deed — and this can also be quite dangerous to the purchaser. And these are only two of numerous scenarios that comprise ‘owner financing’ — there are many others.

At the end of the day, owner financing can work, but only if the availability of traditional finance is unavailable. If you require owner financing to purchase, you end up limiting yourself in choice and introduce more risk than you should into the process. If the reason for needing owner financing is temporary, consider waiting, or consider sitting with a lender who understands grant programs and other lending packages that might not be as cheap as traditional finance, but offer more protecting than allowing the owner to be your lender.
... more
0 votes 1 answer Share Flag
Sat Jan 23, 2016
jonmcgowen asked:
The other half displays 2 columns of results. I should be able to adjust the width so there is just 1 column of results. Please make this an option. Thanks.
0 votes 0 Answers Share Flag
Thu Nov 19, 2015
Jbernalson2013 asked:
Fri Nov 7, 2014
Christopher Pagli answered:
They are probably under contract. If the listing syndicated from another source the status change will make the home disappear on many sites. Sounds like a good time to get out into the market!

Chris
... more
0 votes 3 answers Share Flag
Fri Mar 15, 2013
Annette Lawrence answered:
Go to tax assessor to fix problem.????
Data updated on Trulia quarterly!
Data on Trulis comes from a third party.
But there it is on Trulia, without your consent.

You should be outraged!

It's probly appear on Zillow also.
You should be double outraged!

But, that is what buyers and sellers demanded. More choice. More access to information. And left unrestrained, this is the outcome. Not just your home, but everyone else's also. You should all be outraged!
... more
0 votes 5 answers Share Flag
Sat Jul 14, 2012
Lori Jeltema answered:
In my transactions, it is a buyer expense but we almost always get the seller to credit them at closing.
0 votes 6 answers Share Flag
Fri Jun 15, 2012
Elizabeth answered:
my son wanted to sell his house (house is paid for ) he signed the offer and decide before closing he didn't want to sell what rights do he have to change his mind?
0 votes 2 answers Share Flag
Tue Jul 28, 2009
Michael Allen answered:
Hello Seedimon

In the contract that is used for Central VA there's a clause for "Wood Infestation" where it states that the 'seller shal furnish purchaser with an inspection report' however, the seller may state that the property is 'as is' and reports are for information purposes only - so the contract should clearly defined who's responsible

regards

Mike Allen
Keller Williams Realty
804-591-3893
Miketa@kw.com
Mike2VA.yourkwagent.com
... more
0 votes 2 answers Share Flag
Wed Jul 22, 2009
Michael Allen answered:
Hello Tracy

Well-establish and family oriented neighborhood - Providence and Monacan are the schools in the area. Presently, there are 17 listed homes in the area.

Mike Allen
Keller williams
MIketa@kw.com
... more
0 votes 2 answers Share Flag
Search Advice
Search

Followers

427