Hi Maria, If you're not aware of what's on your credit report you can visit www.annualcreditreport.com to see about getting a free copy. Any corrections that need made you can request directly from the three bureaus/repositories. OR... if you're looking for a monitoring service which also enables you to request rapid updates (if needed; for a cost) you could visit www.iqualifier.com. They use soft pulls so it wouldn't affect your score(s). If you sign up, not only would you have a copy of your report, they'll also provide an add'l report showing you what to do to build your score up specific to your situation. You can continue month to month or cancel after you get the information or at any time. There are many services like that but it's one I know doesn't charge too much. If I can answer any add'l questions, I'd be happy to help. Best wishes otherwise, Kimberly Lawson, Ohio Licensed Mortgage Loan Originator. Contact and licensing information can be found on my profile.... more
I've been helping First Time Buyers for 23 years as a mortgage professional and I will tell you what I have always told my clients here in New York: If you are a First Time Buyer, steer clear of foreclosures and short sales.
For Short Sales, my attitude of late is that First Time Buyers should steer clear. Short Sales tend to be a better deal for the homeowner than for the Buyer. You'll wait MONTHS for the homeowner's Lender to approve the short sale; maybe as long as Six or Seven Months. Meanwhile, you're stuck in a contract to buy that home. I closed a short sale recently with a Buyer who, after seven months said this at the closing table, "I don't even want this house anymore."
And he didn't even get the "deal" on price he thought he was getting! The house appraised for only slightly more than he paid for it at the short sale price. He walked into this deal thinking he was buying a home for $100,000 less than it's value. In the end that wasn't the case.
There are plenty of motivated Sellers with their homes listed on your local MLS. Go find a good Local Mortgage Banker, get prequalified, then find a great, experienced Realtor, and buy the home you want at the price you're willing to pay.
*If you thought my answer was helpful, please give me a â€œThumbs Upâ€ or â€œBest Answer.â€ Thanks!... more
First of all you are going to need to find a real estate agent that can help you figure out what your real estate goals are. Then you are going to have to figure out the best way for you to view homes in Ohio. Can a relative or friend view homes for you while you are still in California? Do you want to plan a trip to Ohio to view homes yourself?
One thing that I have done in the past with our out of town/state home buyers is do video showings. I have used Skype and Facetime to show properties live for clients in the past. It has been very successful for me and in one case we did video showings for a client and they ended up purchasing a home before ever seeing that home in person.
Our team is always thinking outside of the box and we are willing to do whatever it takes to meet your real estate needs.... more
It isn't uncommon for you to be asking yourself these questions and really it is the age old question: "Do I buy now or should I wait?"
The market is very strong right now and interest rates are still low. Obviously, I can't predict were the market is going to be 5-10 years from now but things are starting to look very good. But when it comes to getting a job transfer all I can tell you is that many people before you have done it. Picking up, moving and having to sell your house can be a hassle but there are some upsides to having a stable home for your children to grow up in as well. These decisions are never easy and it's always best to sit down with your real estate agent and discuss all the advantages and disadvantages of both.... more
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Be sure to find a company that has alot of training...24/7 online etc...Keller Williams is one you should be sure to schedule...They just surpassed Remax as the 3rd largest Real Estate Company in the U.S. Their office is right in Mentor...check out www.KW.com...and check out this guest pass link to their award winning KW Connect online training system....http://kwconnect.kw.com/connect/user/GetCourse.do?memberId=101
I just sold a home in MOTL for a couple in your exact circumstance. They are currently 3/4 through their new construction project in South Carolina which I helped them with. Anyway, there are a lot of questions that need to be asked before you can get a real grasp of what options are currently available to you. I have just completed a couple short sales and am currently working on a few more (unfortunately) although this may not be an option for you. You DO need to sit with a Realtor and discuss in detail what your options are. As far as a bridge loan goes, IF you could get one, you need equity in your home and if you are considering a short sale my guess is you have very liitle. Again, my suggestion is to sit down with a Realtor in your area and ask questions and listen to what he/she has to say. You can email me at firstname.lastname@example.org if you would like to talk to me. Good luck.... more