It depends on a number of factors. I am sure you thought it was an easy question right?
One thing that happens quite a bit is that homes close late and people find themselves needing to make a payment that they were expecting. So a letter of explanation might get you past one 30 day late. But otherwise it is 12 months unless there was NOD, short sale or any other mortgage problem like a loan modification.
Then it goes out longer and it depends on which type of loan you are looking at and how much month you are putting down. Quite frankly the exact amount of time for each of these has changed so much I even see underwriters who are not sure.But if you have any of the above it is generally 2-4 years.
You can get the FHA back to work program which allows you to buy after 12 months. You have to take a class, and wait 30 days after the class.
Finally there are loans with no waiting period they require about 20% down and the rate is between 6-11% depending on your credit score.
I can arrange that for you if you would like. Call me at:
The answers by the other professionals on here have covered most solutions. Your agent who has the listing needs to log into their MLS and update the pictures for you. MLS automatically syncs with several real estate sites, but usually takes 24 hours to update, every evening around midnight I believe. Your agent's company website most likely feeds from MLS. After MLS is updated all the other sites should be current. If there was an ad placed directly on a real estate website, you may have to amend the ad manually on the specific website to override it. Hope this helps!... more
YOU will need to have your agent check with the other agent to see if they are aware the furnace is broken, then submit a request for repairs with a quote of the cost for the repairs. They may fix the furnace or credit you the cost of repairs. This most likely will be the type of repair they will fix becasue it will cost them a couple of deals, time and money to let it go. Get a quote.... more
A solar system saving $2,500.00 a year affects the value of your home in many ways.
Technically, you could do a present value analysis to determine how much the savings would be worth to you in particular. You would need to know how much, if any, you are going to borrow and how long the term of the loan would be in addition to the present market value of the house.
The real value that you get out of a solar panel system is the ability to sell your house faster than your neighbor for a higher price.
Green improvements usually add a 10% to 30% premium on the price of house. In today's market it is hard to tell because the prices of houses are falling.... more
Update... It is almost the end of the year. And, I have not seen any tax credits nor will I expect to. But, there are a lot of incentives out there right now along with the lowest morgage rates ever. Add them all up and they equal many times more than what you would get from the tax credits. So look at the big picture and you will benefit from it. Contact your local Realtor or me for more information.... more
Have you tried www.realtytrac.com? There is a monthly access fee for use of the site ($50) but it contains excellent data on current foreclosures and pre-foreclosures. Many people use it for a few months as a resource while they are house hunting. Bear in mind, however, if you use a realtor they would be able to provide you with the same type of information without the cost of a monthly fee. However, if you were interested in looking for information prior to committing to an agent I would recommend that site.... more