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60446 : Real Estate Advice

  • All32
  • Local Info1
  • Home Buying18
  • Home Selling6
  • Market Conditions0

Activity 29
Sun Feb 5, 2017
Daricew1 asked:
Thu Apr 21, 2016
Jodyk414 asked:
I have recently listed my home for sale, Trulia's valuation is $180,000. Zillow says $130,000. Realtor.com says $142,000.
0 votes 0 Answers Share Flag
Sat Mar 12, 2016
Bob Brandt answered:
Start with a piece of paper or a notebook and write down what exactly you need to survive in your shelter.
Then add what you would also like to have.
List out the areas and/or commuting times.
Discuss your writings with the family and ask for input.
Then do your current monthly budget allowing for saving, emergency funds and a margin of error, so you decide how affordable each level of luxury is. A mortgage calculator app on your phone is handy...
Tweak this list daily for a week and when you are sure about it, ask a local Realtor in the area you want to live in for some initial guidance. They will suggest you get a preapproval letter in writing.
Then with the guidance and the letter, you can look at and discuss the best choices.
When you find the one that works best for you, your Realtor can write up the offer for the seller.
When you and seller agree to the terms, papers are signed and then the attorney review period and home inspection periods begin, while you also apply for your mortgage. Then you help the mortgage company with any papers they need until it is approved. Then everyone goes to the closing and you get the keys.
Congratulations are in order at that point.
... more
0 votes 1 answer Share Flag
Tue Aug 11, 2015
Noah Seidenberg answered:
Only a lender can answer that question. There are some questions that have to be answered.
Good luck to you.
0 votes 1 answer Share Flag
Tue Aug 11, 2015
Noah Seidenberg answered:
Only a professional Realtor can enter and edit listings on Trulia. Do you have a Realtor?
0 votes 1 answer Share Flag
Tue Jan 27, 2015
Annette Lawrence answered:
There are attorney's involved. You have little choice but to let them do their thing.
Press your attorney to reveal your plan B and plan C.
Finally ask your agent about the status of the back-up buyer and their ability to close quickly. The buyer has created this window of opportunity and now is the time to play that card. ... more
0 votes 3 answers Share Flag
Tue May 20, 2014
answered:
I lend down to a 530 middle credit score, so as long as you meet the required income, assets, employment etc. I should be able to qualify you with a 600-640 middle score.

Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Bart and I have been offering loans since 1987. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you.

Bart Gabe - Lending Nationwide Since 1987

800 315 8803

www.bartprequalifies.com

bart@bartprequalifies.com
... more
0 votes 5 answers Share Flag
Mon Jan 6, 2014
Ashley Pimentel answered:
Possibly, the other things that are considered during qualification are income, liabilities, assets and overall creditworthiness. I work with over 40 different lenders to provide my clients with more opportunities. We go down to 500 fico scores and offer free credit repair. I would be more than happy to give you a free professional assessment and determine whether or not you would qualify at the moment. Feel free to contact me with questions, or to get started with your assessment.

Thank you,

Ashley Pimentel
Market Place Mortgage
Lombard, IL 60148
Phone: (630) 217-7013
apimentel@marketplacemc.com
... more
0 votes 3 answers Share Flag
Fri Jun 7, 2013
Fred Herman answered:
surely you understand the it's not what you pay in commission that's important, it's what you net.

if you save a 5% commission but sell for 7% to 10% less than if the property was listed with a broker, you net less in your pocket.

good luck
... more
0 votes 3 answers Share Flag
Fri Jun 7, 2013
Annette Lawrence answered:
Bab,
What you end up with can be greatly influenced by which buyer you select.
After a thorough price beat down, you may fall pray to the banks Fiat appraisal.
Your real estate professional needs to run interference for you to prevent this scenerio.
-
Each real estate transaction is different.
The real estate professional you hired knows where your house compares in value to competing home. If any of that $245,000 if fluff, you know, padding for negotiation, padding for professional expenses, padding for emotional elements...what you end up with can be dramaticly different from your expectation.
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When your agent listed your home at the agreed upon price, you were presented with a net-sheet that detailed all expenses and what you would end up with. Be aware, your agent will not set the price, you do. If you fail to follow their advise, and overprice, the results tend to scatter disappointment over everything. Without a proper analysis, any prediction is simply pulling a number out of the air. 20% less is as good a guess as any.
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With the data provded, who knows, you could end up with $245,000!
... more
0 votes 2 answers Share Flag
Sun Mar 17, 2013
Snowprincess69 answered:
Typo.I need to know if a $5,000 in Medical bills stop me from buying a home.I'm making payment arrangements. I've paid of $650 of the $5,500 and paid all credit calls down to bal of $25 each. What can I do to be in my own home by summer. With also improving my middle score to 620 ... more
0 votes 6 answers Share Flag
Thu Mar 14, 2013
Edith Karoline Jasser answered:
see my answer under your other question...
Good Luck to you
Good Luck to you

Sincerely yours,
Edith YourRealtor4Life & Chicago, North Shore & Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and
Investors alike....And always with a SMILE :)

Covering for @Properties Chicago & suburbs, and with her trusted Partner
Agents US & world wide properties. French, German, some Spanish &more EdithSellsHomes@atproperties.com or EdithSellsHomes@gmail.com
Check out my website at http://tinyurl.com/YourRealtor4Life
Get to know me! Learn about my experience, expertise, services! Read letters
of recommendation! Sign up to search for properties in my expanded service area.
HAVE THE MOST WONDERFUL DAY :)
... more
0 votes 1 answer Share Flag
Thu Mar 14, 2013
Edith Karoline Jasser answered:
The lenders look at your income, your credit score, and all your responsibilities (debts) outstanding college bills, credit card bills, and yes medical bills you still owe etc. etc., then the lender will assess the risk to determine whether to give you a loan or not or what amount.

If the medical bills occurred during the time of your marriage they may just count them.... Try to discuss
it again with this same lender or explore your options with another lender, they sometimes have different
programs available for their clients.
Good Luck to you

Sincerely yours,
Edith YourRealtor4Life & Chicago, North Shore & Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and
Investors alike....And always with a SMILE :)

Covering for @Properties Chicago & suburbs, and with her trusted Partner
Agents US & world wide properties. French, German, some Spanish &more EdithSellsHomes@atproperties.com or EdithSellsHomes@gmail.com
Check out my website at http://tinyurl.com/YourRealtor4Life
Get to know me! Learn about my experience, expertise, services! Read letters
of recommendation! Sign up to search for properties in my expanded service area.
HAVE THE MOST WONDERFUL DAY :)
... more
0 votes 1 answer Share Flag
Sat Mar 9, 2013
Bob Brandt answered:
If the individual saw it during the listing term then there should be a paragraph in you listing agreement that answers your question. Otherwise, for any new prospects, they should not be included in your obligations to pay a commission. However, you should read the entire agreement you signed and ask your Realtor or real estate attorney any important questions that could cost you thousands of dollars. ... more
0 votes 8 answers Share Flag
Wed Aug 8, 2012
MD answered:
I have my preapproval everything has been accepted, seller had the BPO, inspection has been done and insurance is ready to go.
0 votes 3 answers Share Flag
Sat Jun 23, 2012
Debi Shapiro answered:
Unfortunately, this home is not currently on the market, but there are 40 other properties in the subdivision that are available and they range in price from $32,800 to $220,000.

If you would like additional information, let us know.

Debi Shapiro
... more
0 votes 1 answer Share Flag
Fri Mar 30, 2012
Suzanne Hamilton answered:
There are too many factors in negotiating a price to provide any information with no information. The best advice I have is find out what market value for the home is now and when the repairs are done and consider what you want to pay. Then offer according to how much you want the home.

Also, you will need to see if you will qualify for a 203k fha loan or cash or at least 10-20% downpayment as FHA will not loan on such a home.

If you saw the home with a Realtor, you should ask their opinion, as they should present the offer. If you are not working with anyone, I would encourage you to get representation to protect your interests.
I know this area very well and can offer some perspective.

Suzanne Hamilton
RE Marketing Consultants, Inc.
888-788-9544
suzanne@remarketingconsultants.com
... more
0 votes 1 answer Share Flag
Thu Feb 2, 2012
Debi Shapiro answered:
This property is currently available for $52,500, but is not available for a lease with option scenario as it is a short sale. Typically, short sales are not available for lease.

Are you working with a lender to help you get your credit repaired? In many cases, they know the best tips to get the most amount of change for your efforts.

If you would like information on other properties in the area that specifically indicate they are lease with option possibilities or help with a lender, please let me know.
... more
0 votes 2 answers Share Flag
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