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93955 : Real Estate Advice

  • All7
  • Local Info0
  • Home Buying3
  • Home Selling0
  • Market Conditions1

Activity 6
Sat Jan 24, 2015
Dan Tabit answered:
When an offer the listing agent believes has a shot of getting approved comes in, it's signed and submitted to the bank for approval. The approval process can and does take months. Most seller's don't want to have unending showings, so the home goes into Pending Status. Your agent can inquire about writing a back up offer, but there is no guarantee that it will ever come through, but it can't hurt to try. ... more
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Tue Jun 25, 2013
Robert Chomentowski answered:
Go on to Craigslist on your area and look for some comparable properties and see what they are charging for rent. Also, call a property manager and get their opinion.
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Sat Jun 5, 2010
Pat & Steve Pribisko answered:
You need to speak further with your agent about what he/she is doing to obtain the disclosures and why he/she has not been successful. Has he/she contacted the listing agents' broker? Rather than ask those of us on, who don't know the circumstances of your purchase transaction, ask your agent. And, if he/ she can't explain it, call your agents' broker. ... more
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Tue Feb 9, 2010
Tracey Martin answered:
I agree with those who said that the market isn't going to change anytime soon. I know that there is a lot of "chatter" out there telling people to avoid short sales. Don't let those negative experiences keep you from making an offer on a short sales. Yes, they take a while to get approved. Yes, there is no guarantee that the bank will accept the offer. However, if the listing agent has experience in short sales and knows how to process them, they do close more often than not. If you are working with an agent you need to make sure that person asks the listing agent the right questions. How many loans are there on the property? Who are the lenders? How strong is the seller's hardship? What is the agents success rate in closing short sales? If the agent won't answer your questions, you may not want to make an offer on that property. Most importantly, make a fair market value offer and remember that they do require patience. Good luck. ... more
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Fri Jun 19, 2009
Empower Group answered:
I completely agree with Kerry Harvell on this one, as we are starting to see many of the current REO and Short Sale type properties on the market take "stronger" offers that are cash or conventional financing with more than average down. There are however some banks that will consider doing FHA financing for Seaside homes. My suggestion to you is this: unless you are anxious and in a hurry to make your purchase, I would wait for a few more months as a new wave of homes hit the market and average prices are lowered because of it, as you will be in a stronger position to acquire a home even with FHA. I expect the buyer pool will thin out significantly because of the impending failure of many commercial and industrial sectors which will hopefully create less competition for you entering the housing market. Residential prices will continue to drop as more foreclosures hit the market which now include many "prime" people who loss their homes due to rising unemployment rates, rise of inflation and or expected deflation, higher tax rates, etc. So the bottom line is that you can wait a while longer and get more house at an affordable price in 6 months or so. Best of luck to you! ... more
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Wed Mar 18, 2009
Marty S answered:
There are ways to do this. Sit down with a mortgage broker and discuss your options.

I am a mortgage broker. If I can be of service, please let me know!

Martin Smith

Precision Funding
877-238-6324 Ext 704
877-238-6324 FAX
... more
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