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Home Buying in 55109 : Real Estate Advice

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  • Local Info2
  • Home Buying4
  • Home Selling2
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Activity 4
Sat Mar 14, 2015
Karianne Olson answered:
Hello Amygraff22,

I work with many first time home buyers. The first step is to meet with an experienced loan officer so you know what price range of properties to look at.

I would be happy to meet with you.

Karianne Olson
(763) 742-3275
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Tue Mar 11, 2014
Joel Johnson answered:
Your question isn't exactly in my, or any other realtors wheelhouse. This is the domain of lenders and loan originators. I have worked with clients in the past who were able to take advantage of VA loans or down payment assistance programs which essentially allowed for 100% financing. My "go to" lending source are the folks over at iLoan:
http://iloanhomemortgage.com
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Tue Apr 16, 2013
Kim Early answered:
Her is a list of the awards Fishers, Indiana received in 2012:

Top 100 Best Places to Live in America (#12 Ranking) - Money Magazine
Forbes 11th Best Place to Move
Family Circle Names Fishers one of the 10 Best Towns for Families
Named a "Playful City USA" Community by KaBOOM!
Named Safest City in the Nation by CQ Press in their City Crime Rankings 2011-2012: Crime in Metropolitan America report

Love it here.
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Tue Jan 15, 2013
Ron Knutsen answered:
Hi Jenny,

If the seller has accepted your offer but, the bank has not, you do not yet have a fully executed contract as any offer accepted by the seller is subject to third party (the bank's) approval. You can, therefore, withdraw your offer and expect to have your earnest money, if paid (not likely), returned to you by the listing broker in a timely fashion.

Short sales tend to be painfully slow in getting to the closing table so, you must be prepared to "hurry up and wait" if this is the type of sale you wish to pursue. Some banks have certainly improved upon their approach to short sales but, many have not. Always be certain you are dealing with an agent that is familiar with the short sale process - this applies to BOTH sides of the transaction. I always have my sellers use a law firm to professionallly negotiate the short sale as this is all they do. It is generaly more reassuring to all involved when done this way.

It is more desirable to deal, as a buyer, with short sales that have been pre-approved. Much time is saved when a short sale doesn't go on the market until after the bank has approved the sale and guidelines are established as to what the bank will accept. The bottom line is that each bank is different. It is a good idea to have your agent find out what he/she can about any home you may be interested in so that you may get a sense of what to expect as to the process and time frames.

Good Luck!
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