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61265 : Real Estate Advice

  • All7
  • Local Info0
  • Home Buying3
  • Home Selling1
  • Market Conditions0

Activity 6
Thu Mar 16, 2017
Pewoldt Pewoldt answered:
0 votes 1 answer Share Flag
Fri Nov 20, 2015
Dan Tabit answered:
Let me encourage you to pursue the advice given by Tony. The VA may be your best bet. His disability income will limit how much you can borrow, but if it's ongoing into the future, it can be used.
Let me discourage you on Rent to Own. It's a fantasy that leaves most who try it worse off than if they hadn't bothered. Look into the options through his credit and income and see what you can find.
If you will require both incomes, you'll need to just rent until you meet the necessary time frames to get past your BK and get established in your new town and new jobs.
The time varies, based on the type of loan you pursue. Find a great local mortgage professional where you intend to live and see what they suggest.
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Tue May 6, 2014
Annette Lawrence answered:
Twin in Moline,
This is were knowing the stats for the local market is ESSENTIAL.

For instance if only one home similar to yours, in your community, near your price point sells every month throughout the year, your experience MAY not be exceptional.

Now, here is where it gets tricky. If the level two showings (using the example above) are 10 or more per month, you can be assured all the interested buyers DID see your home and rejected it. That means the one buyer found another home to buy instead of yours.

Now it the time to analyze what has been selling in your area with similar attributes and what has been selling at the same price point. What made these homes superior to your in the eyes of the buyer? Does the message align with the target buyer?

After this analysis you may find the problem has nothing to do with the price but perhaps the condition, color or perceived obstacles to buying your home.

Or you can REDUCE THE PRICE. That action seems to overcome all your expense.

Time to confer with your REALTOR and do the homework.
Best of success,
Annette Lawrence, Broker/Associate
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0 votes 4 answers Share Flag
Tue May 6, 2014
Philip Senkus answered:
I would do a construction perm loan! Talk to an expert.. Many on here...Good luck!
0 votes 6 answers Share Flag
Tue Jul 9, 2013
smokie answered:
We have had an attorney involved from the beginning and when they initially changed there mind a few days ago we offered then a prime plus 1% interest rte. They are just being ignorant. Who buys a house for $1600.000 down, 1/2 lawyers fees and a 3 yr ballon, & no closing costs? We were stupid to even offer it. It does not pay to try to help people out. ... more
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Thu Jul 4, 2013
Tim Babeu answered:
we're looking for a house, and there's too many houses with finished basements. Do it if you like, but don't put drywall and paneling on outside walls...can't see the foundation. I won't even look at a house with a finished basement. ... more
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