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62025 : Real Estate Advice

  • All12
  • Local Info0
  • Home Buying1
  • Home Selling5
  • Market Conditions1

Activity 11
Wed Apr 26, 2017
Melvin List answered:
The credit score of 620 is a lender overlay. I would find a broker that works with lenders with no overlays. I would love to help if you were in Florida.
0 votes 6 answers Share Flag
Wed Mar 19, 2014
The Jen & Jean Team answered:
This is a fantastic question and one that many ask when considering buying a home with needed repair.
Lenders these days are not allowing any types of allowances, so the quick Answer to your question is a PRICE REDUCTION. Another great option would be CLOSING COSTS. This allows a buyer to put less money down as their down payment, leaving money in their pocket for improvements. ... more
0 votes 19 answers Share Flag
Sat Jun 18, 2011
Nancy Milton Holtzscher answered:
While we're now halfway through 2011, this question posted by a homeowner back in 2009 is still valid for Edwardsville residents planning to sell or buy a home in the near future.


If you look at the national media, you might be forgiven for thinking that everything in real estate is bad news. So let's look at the real Edwardsville numbers for a dose of truth:

In 2009, 334 homes were sold in Edwardsville. The average home stayed on the market 157 days, and sold at an average price of $198,122.

Fast forward to 2010 and fewer homes sold in Edwardsville -- 317. And they stayed on the market a little longer at an average of 168 days on the market.

BUT -- here's the great news: Home sales prices in Edwardsville actually ROSE 12.44 percent in 2010 over 2009. The average home in 2010 sold for $222,780 and posted a good list-to-sell ratio of 95 percent.

I'll go over the mid-year 2011 over 2010 numbers in a post on my Trulia blog.

Bottom line -- if you keep your home in good condition and price it according to your Realtor's detailed research on comparable recent sales, you should be just fine.

Other questions about Edwardsville real estate? Just ask!

--Nancy
Your Edwardsville Realtor
... more
0 votes 5 answers Share Flag
Tue Mar 1, 2011
John Walin answered:
No and this is why it is good to have a local agent using the MLS tools keep you abreast of new and recently under contract homes that are pending close. Another wierd thing is that trulia allows auction companies to put in the starting bid as list price and I get calls for a $200k house on trulia up for auction at 89k when the bank would never take that low of a winning bid. ... more
0 votes 3 answers Share Flag
Wed Oct 6, 2010
Karen Davis answered:
To properly answer your question I would have to seeyour home, condition, location all factors however market research estimates it at about275,000 as a listing price if you want a timely sale.

karen
... more
0 votes 3 answers Share Flag
Mon Jan 18, 2010
Ron Rovtar answered:
Hi Ginger:

Check out the link below to access a good article on bathroom remodels. Don't miss the first link within the article, "Cost vs. Value", which will take you to a table that shows the return percentage for various home upgrades. However, be careful, these percentages are averages and may not represent what the remodeled bath will bring when your particular home sells.

Best,
Ron Rovtar
... more
0 votes 2 answers Share Flag
Tue Aug 18, 2009
Carrie Michalik & Tim Thompson answered:
Hi, this is Carrie Michalik of The TLC Team with Remax Alliance. I live in Glen Carbon and understand your son's school situation. I would be more than glad to meet with you regarding your current situation. We can provide a market analysis of your home, discuss the tax implications, closing costs and other concerns you have. I can show you what has sold in your market area to help you make a decision whether to move or stay in your current home. You can reach me at 558-2468. ... more
0 votes 2 answers Share Flag
Mon Jul 13, 2009
Daniel Castagna answered:
Trish,

If you can do a 15 yr mortgage, go FHA. That will alow you to avoid the mortgage insurance. You will still have to pay the up front mortgage insurance though. No way around that one. But at least its not monthly...

Danny Castagna
Sr Loan Officer
E-Mortgage Management
dcastagna@emmloans.com
... more
0 votes 7 answers Share Flag
Sat Jul 5, 2008
Kristina Pratt answered:
Randy,

Feel free to send me an e-mail with the address or MLS number for your home. I just started working with a pre-approved buyer that is interested in either Edwardsville or Glen Carbon. Who knows, maybe they will be a match.

You can e-mail me at kristina.pratt@coldwellbanker.com
... more
0 votes 7 answers Share Flag
Tue Jul 1, 2008
Kristina Pratt answered:
Hi,

Congratulations on selling your home.

My real estate broker allows us to do what is called a one-time listing where we can use our board contracts and disclosures for a % of the sale price. If you have questions, let me know.

As far as closing costs, you can call a local title company and they can give you their rates. I would figure around 2% of your sales price. This percentage also includes your property taxes and other expenses that owners selling their home may not know about.

Thanks, and best of luck!

Kristina
... more
0 votes 3 answers Share Flag
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