Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

64133 : Real Estate Advice

  • All19
  • Local Info1
  • Home Buying8
  • Home Selling2
  • Market Conditions0

Activity 18
Fri Oct 6, 2017
Andy inzerillo asked:
0 votes 0 Answers Share Flag
Sat Jul 1, 2017
Steve Bracero answered:
Look into a FHA loan. 3.5% downpayment for owner occupant.
0 votes 2 answers Share Flag
Fri May 27, 2016
Davidslash61 asked:
Wed Jan 20, 2016
MCM_STL answered:
Do you have a buyer's agent? This is something people buying new construction tend to overlook. A buyer's agent helps you negotiate and has access to data to substantiate a lower offer price - assuming that the builder's price isn't already market appropriate. They can also have experience to be able to point out ways to save money like opting for the cheapest possible light fixtures. Those are something many buyers can change out themselves later for far less than the builder would have charged. ... more
0 votes 1 answer Share Flag
Thu Jan 8, 2015
Larry Hackett answered:
It probably won't help. Homeowners may not like the added traffic. You might check and see if it's a legally zoned home business.
0 votes 5 answers Share Flag
Mon Mar 31, 2014
Tione Carter answered:
Hi Monica,

I work with alot of different programs,that will help you rebuild your credit so you can purchase a home regardless of your credit score!

Feel free to call me directly at 816-268-3938. You can also email me at tionecarter@kw.com
I hope I can be an assistance to you!

Tione
... more
0 votes 6 answers Share Flag
Sat Dec 28, 2013
Maria Morton answered:
Monica, grant and low interest loans that fund those programs are gone for 2013. Contact me in 2014 if you're interested. Funding is distributed quarterly and often goes quickly so, if you're planning to buy, you'll want to plan around those time lines. ... more
0 votes 2 answers Share Flag
Tue May 21, 2013
Aundre Gray answered:
Do not purchase home until you have weighed all your options. Most serious home sellers are willing to fix minor repairs for a buyer after they come to terms on purchase price.
Please give me a call if you would like some assistance!
-Aundre Gray

816-591-4700
WWW.Kansascitynorthlandhomes.com
... more
0 votes 2 answers Share Flag
Mon May 20, 2013
Jennifer Rios answered:
Would like to discuss this with you. I know Raytown VERY well. Please call me when you can. Thanks
816-699-6619.
0 votes 1 answer Share Flag
Sat Jul 28, 2012
answered:
Good morning Nik Vencedor,

Rent To Own is a better deal for the Seller than it would ever be for a potential Buyer.

The basic concept is finding a way to "force" savings towards a down payment by including a portion of the monthly rental that goes towards that savings. You pay your rent every month and your Landlord deducts a pre-determined amount to hold in a special bank account, called an "escrow" account. Your Landlord holds that money until you have saved up enough---through this "forced-savings" method---to meet a down payment to purchase the home.

The terms of the purchase price, including the down payment amount, and the amount to be set aside from the rental for down payment, are all set down at the time of lease signing.

It's all about helping the renter/tenant save up enough money for a down payment to buy a home (in this case, the one you're renting). But this is a better deal for the Seller because he gets to lock in a purchase price and a buyer today for a future sale.


Saving money for a down payment? Well, heck, you can do that on your own.


If you are dedicated to the idea of buying your own home, you can create your own savings plan to save up enough money for a down payment. And when you have saved up enough for a down payment, if that takes a year or two or more, YOU get to decide on the price you're willing to pay for the house at that time based on current market conditions. You won't be locked in to a price that may be a lot higher than what the house is worth in the future.

With Rent To Own you'll be locked in both to the house and to the price, even if it takes you 3 years to save enough through the forced savings of the rent payments. What happens if three years from now your life situation has changed? Maybe you need a bigger/smaller home. Maybe your employment has relocated. Maybe your credit or income is insufficient to qualify for a mortgage loan.


Find a way to save up on your own; not with Rent To Own.


Sit down with a local Mortgage Banker and get yourself prequalified, too. You may find you're better qualified than you think you are, and, if you're not, at least you'll know how much loan your income and credit qualify you for, and how much you have to save towards down payment and closing costs.

Trevor Curran
LICENSED MORTGAGE LOAN ORIGINATOR
NMLS #40140
... more
0 votes 1 answer Share Flag
Thu May 3, 2012
Cheryl answered:
Well If Debbie Peters screwed everyone around like me then thats why. After dealing with that crappy place and the time and money just for them to blow you off I ended up in foreclosure which I ended up taking bankrupties. Thank you home free usa for the total crap you added to my life.. I hope that answered your question.. ... more
0 votes 3 answers Share Flag
Sat Feb 11, 2012
Leslie Bruce asked:
I am looking for a 2 bedroom 1 bathroom home for me and my 2 children within the Laurel Hills boundaries. If you know of any please let me know. Thanks!
0 votes 0 Answers Share Flag
Wed Sep 14, 2011
answered:
Hi, Missl. Short answer: Yes! SInce you're working in the same field you went to college for, your years of schooling are given the same consideration as time on the job. This coupled with your employment letter and first 30 days of paystubs is all you need! ... more
0 votes 8 answers Share Flag
Thu Sep 8, 2011
Dale Weir answered:
rates are dependent on many factors - your personal credit history, your personal debt - income ratio, your income, and much more. Along with that, each loan program has different requirements that have to be met. You do have to be employed (or have an income) to qualify and you typically will have to be in your job for at least 30-60 days before you can get a loan (by that I mean CLOSING, you can apply for the loan and have a contract on a home earlier, but you won't be able to close until you can show proof in the form of paystubs that you have been employed for X amount of time and your salary was at the level that you told the loan officer it was going to be at). The amount of time that a lender will require will depend on the loan package that you are going to use.

A good lender will typically review you and your spouse together and seperately to determine which is the best way to go (sometimes one has more student debt than the other, so it is better to get a loan only the name of the person with a better debt to credit ratio, etc). At the same time, a good lender will look at the different programs that you are eligible for to determine the best approach. Perhaps the municipality that you are buying in, has special loan or grant programs, or you may qualify for the MO Housing Development Corporation Loans or Grants, or a county loan or grant. Things to keep in mind are that not all lenders are qualified to work with all special programs, and often if you do a special program, you may have to accept a higher interest rate in order to participate (depends on the program). The programs typically are grants if you live in the home for a set amount of time (5 -7 years is typical), but if you sell or move out of the home before that time period is over with some programs you will owe the full amount of the loan, with others you will owe a percentage. It depends on the program as to whether you both have to be first time homeowners of only one of you.

Contact me if you would like the names of good lenders.
... more
0 votes 4 answers Share Flag
Sat Nov 28, 2009
Enzolucas answered:
Have you seen the house located at 10221 E. 63rd Ter. , Raytown MO, 64133? It is in need of being sold! It has been a wonderful home for my family of 4 for 3 years. We made a few changes through the years and hoped to make more. Life has brought us changes, requiring us to move away from KC. We have loved this house and all of our neighbors. They are caring, helpful and really watch out for eachother. If you have any questions please feel free to ask. ... more
0 votes 1 answer Share Flag
Fri Jul 24, 2009
David Van Noy answered:
I will be glad to get you with someone that can give you a better estimate. You must understand that while insurance is largely dependent on the property and the location it also has a component based on your personal credit. If i give you the number to a good agent in this area would that be helpful? Or, are you looking for a "rule of thumb"?

David Van Noy Jr.
... more
0 votes 4 answers Share Flag
Fri Dec 5, 2008
Veronica Lober answered:
Please feel free to contact me and I'll be more than happy to take care of these homes for you. Please check out my website at: veronicalober.cbkc.com

I look forward to hearing from you soon.

Veronica Lober
Coldwell Banker
816-699-9623
... more
0 votes 1 answer Share Flag
Search Advice
Search

Followers

233