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89166 : Real Estate Advice

  • All10
  • Local Info1
  • Home Buying4
  • Home Selling0
  • Market Conditions1

Activity 10
Carl Demonbr…, Home Owner in 99705
Thu Apr 28, 2016
Carl Demonbrun asked:
Need Someone willing to fix up property in North Pole , Alaska as I can physically be there . Stage Property for around - $500. RSVP-Thanks.
0 votes 0 Answers Share Flag
Robert Adams, Real Estate Pro in Henderson, NV
Wed Jul 22, 2015
Robert Adams answered:
Are you dead set on a "new" home? The better values tend to be with resales.

I would be happy to discuss the market with you further and explain why people that bought in 2012 as a new home are now short selling their homes. This is compared to resales that were purchased in 2012 and are now cashing equity checks for huge appreciation gains during the same time periods.

I tell my clients if you want a new home then I will assist you getting it done but my best advice is to go with resales. Please contact me to discuss.
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1 vote 13 answers Share Flag
slamaro10, Home Owner in Las Vegas, NV
Fri Apr 10, 2015
slamaro10 answered:
(or 2 years from short sale). Now we are being told we need to wait for 4 years. This is correct?
0 votes 1 answer Share Flag
Annette  Law…, Real Estate Pro in Palm Harbor, FL
Wed Sep 11, 2013
Annette Lawrence answered:
Mac and David have provided you exceptional guidance.
There are many reasons people consider Lease to Own as a viable pathway to homeonwership. Often the prevailing reason is exactly like yours.....poor credit score.
Now, let me be frank with you. I have represnted investors whose business plan IS lease/options.
I've represented home owners who found lease options provided a true solution for their situation.
Other sellers find portional seller financing another option. All of these are real solutions to home seller and buyer obstacles. Each also are highly profitable to the OWNER. Did I mention HIGHLY PROFITABLE?
Too many buyers see lease options as a means of circumventing the protections that are in place for their benefit. Rather than investing in the disapline required to fix their credit,,,they think they see a short cut. This temptation will prove to be costly if you suscumb to the siren call. Don't do it!
The entire business plan of an advertised lease opton is the seperate you from that big chunk of cash and allow you to make their mortgage payment, maintain the home, even update the home, while the investor/owner insure you maintain NO control or equitable interest in the property.
Lease/options CAN be a solution to some situations. However, you would be well advised to consult with a multi-dimensional real estate professional who can assess your situation and MATCH you to the right solution. If you blunder into these agreements unrepresented, you will be pillaged and plundered.
As Mack and David suggest, if at all possible, you should choose to develop the disapline of controlling your expenses, increasing your income, reducing your debt and making timely payments. In the long run (18 months) you willl be a much better and authorative position. The outcome will be worth the effort.
Consider contacting a local lender who has a track record of investing in the community through small business and home loans. With their guidance, you can be put on a credit restoration plan that will have you 'Good to Go' with a home purchase sooner rather than later. You will notice all the "F" graded lenders are the Big Banks. Choose a local lender to consult.

Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
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1 vote 9 answers Share Flag
Shawn Ryan R…, Real Estate Pro in Belleville, NJ
Tue Dec 6, 2011
Shawn Ryan Rosa answered:
another concern is whether you want a home that hundreds of people have trampled through since it is the model. some buyers don't mind, some do.
0 votes 10 answers Share Flag
Dawn Barrier, Real Estate Pro in Las Vegas, NV
Mon Nov 14, 2011
Dawn Barrier answered:
Also, it is true as well that the HOA fees may turn some off to buying in any master plan, but still many others are fine with paying the fees to live in the community if it fits into their overall affordable price per month payments.

Another thing I have seen in the area is that 1 story homes seem to be more desireable to a broader market of buyers, again, if priced right, nicely kept up, etc.
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0 votes 5 answers Share Flag
David Cooper, Real Estate Pro in Los Angeles, CA
Thu Aug 4, 2011
David Cooper answered:
There is a lot of fraud in apartment rental ads that are not thru licensed real estate agents or rental companies. I would be very careful trusting any ad that seems to good to be true.

David Cooper Foreclosure Specialist with 35 Years Investing Experience. *For Your Free List of Low-Priced Bargain Homes, call 1-702-499-7037 or apply at website
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1 vote 1 answer Share Flag
Emily Erekuff, Home Owner in Menifee, CA
Tue May 24, 2011
Emily Erekuff answered:
Hi Donna,

Your listing appears to be live on Trulia at this time. Though submissions should appear live on Trulia within 24 hours, it's possible that we experienced a data cycle delay during this time.

Please let us know if you have any other questions or feedback to share with us.

Best Wishes,

Emily Erekuff
Community Moderator
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0 votes 3 answers Share Flag
Phil DeSimone, Real Estate Pro in Hemet, CA
Thu May 15, 2008
Phil DeSimone answered:
I would have to say that you will only get about $1250 per month.$1450.00 will be a little on the hard side
0 votes 3 answers Share Flag
Ken Herrera…, Real Estate Pro in Las Vegas, NV
Fri Oct 12, 2007
Ken Herrera Group answered:
Hello George,

My name is Ken Herrera and I'm an agent that actually lives in Providence. I do not believe you should have any problems leasing a home in the community. I would venture to say 95% of Providence will be 2+ story homes. Very few builders are building 1 story homes, Kimball Homes has one of the more popular and affordable floorplans. My recommendation would be to use Nicklin Property Management, they are a reputable property management company here in Las Vegas. The Key to leasing your home is the shortest amount of time is to hire the right company and offer good incentives to prospective agents and tenants alike. Just as increased commissions motivate agents on sales of homes, the same effect can be felt in the rental market. The average home lease will pay an agent from $200.00-$250.00. If you were to increase the agent incentive to $500.00+, the chances your home will lease faster will increase. For example, if your mortgage is $2000.00 a month and you spend $1000.00 leasing it in the first month, you would see significant savings instead of having it sit empty for 3-4 months. Obviously the upfront costs are higher, however you may save 6-7 thousand if you do it right in the beginning. If there is any way I may be of service, please do not hesitate to ask. Best of luck with your home.

Ken Herrera
Century 21 Infinity
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0 votes 3 answers Share Flag
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