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28792 : Real Estate Advice

  • All16
  • Local Info2
  • Home Buying5
  • Home Selling0
  • Market Conditions1

Activity 11
Wed Nov 22, 2017
Christina Blevins asked:
Went under contract today for 417k home. Lender pre approved us and was told could get 3 of the 3.5% down payment grant. Nothing has changed since pre approved but was told income too much…
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Wed Nov 15, 2017
Tabiimint asked:
Seller did not send us the contract signed by the seller on 9/20 until today 11/15. Closing was supposed to be 60 days from short sale acceptance.
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Thu Aug 10, 2017
Joanne c asked:
I sent an inquiry about a house that I was interested in, along with the application and the credit report. I didn't hear back from the owner and became concerned. I researched 2 days…
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Tue Mar 3, 2015
Aaron and Cheree Tiry answered:
Have you checked out the "rent" section at the top of Trulia? There may be something in there. Otherwise you could also check Craigslist.com to see what they have for posted for rentals. ... more
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Sat Feb 23, 2013
Dorene Slavitz answered:
Dear Ann,
We do have paperwork to give to your buyers, and many things to discuss before starting to work with a buyer client. I often go over the purchase contracts and disclosure they will be likely to see during the process. There is also the standard business buyer/broker agreement to discuss and sign. ... more
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Wed Jul 18, 2012
Steve Quintana answered:
A tax appraisal is the basis for the property tax bill on a property. A purchase appraisal is the basis for a lender making a loan on a property.

There are many other differences between the two kinds of appraisal. What exactly are you trying to find out. When I know, I can give you a better answer. ... more
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Tue Jun 19, 2012
Sally Benfer answered:
I think you have gotten some great thought provoking advice.

You might want to contact a professional appraiser before putting your home on the market. What I have seen in these current market conditions is that a house priced accordingly to the market by a broker, procures a contract, only to have the appraisal come in at 5 - 15% percent under contract.

You may also want to get your home inspected before listing it. This avoids any surprises to you during due diligence AND gives you an edge over other homes currently listed.

Sally Benfer
828 674 0900
Sally@Cricket-Realty.com
www.Cricket-Realty.com
... more
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Wed Feb 29, 2012
April Grossman answered:
Hi Brandy,

Good question! People are often confused by this terminology. A tax appraisal is the value of a property according to the government entity in which the property is located, usually the county. The evaluations are often done on average prices in the area and may not always be up to date with regard to current market prices.

The purchase appraisal is typically ordered by the bank or lending intstitution which is granting a mortgage. The individual property is measured and viewed by a cerified appraiser and then compared to very recent sales.

It's not unusual to have different amounts for the tax appraisal and the purchase appraisal. With the nationwide trend of lower values, property owners need to determine if they are paying taxes based on an amount that is too high and not realistic based on today's market.

I hope this helps!


April
... more
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Sat Feb 12, 2011
Jayne Williamson answered:
That is a good question, Julie. Since Trulia is feed by Bizhub on a lot of the listings in the Multiple Listing Service (MLS) you would think that the correct information would transfer. I have had the same problem with some of my properties. No matter how I try to change the name of the road...it will not let me and therefore cannot map it correctly. I am sorry you are having these frustrations.

If you are looking for a particular area, or type/price-range of home, then as REALTORS(r) we are able to set you up with a shopping cart that the MLS directly feeds...in real-time...with correct mapping. If you are not currently working with another REALTOR(r), I would be happy to help you in your search. That way you don't have to look at every single thing on the Internet, but only those properties that interest you...emailed directly to you. Please let me know if I can help!
... more
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