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Apollo : Real Estate Advice

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  • Local Info1
  • Home Buying2
  • Home Selling1
  • Market Conditions0

Activity 7
Sally Grenier, Real Estate Pro in Boulder, CO
Sun Nov 4, 2012
Sally Grenier answered:
What is your question specifically? If you're thinking of buying, you really need to work with a Realtor. He/she can help you determine fair market value. Good luck!
0 votes 2 answers Share Flag
Jonas, Home Buyer in Ligonier, PA
Mon Jul 9, 2012
Jonas answered:
First of all, the question should be WERE there any crimes committed on this property?

Yes, there was a bloody, horrifying rape and murder committed on this property. That is why it is priced so cheaply. ... more
0 votes 3 answers Share Flag
Beth Masland, Real Estate Pro in Camp Hill, PA
Fri Feb 18, 2011
Beth Masland answered:
Hi Erin,

Yes, I know it seems goofy but that is the way it is. The bank you are dealing with has indicated that they would like to accept your offer, but they also have to check with the company which provided the insurance (pmi) on the loan to the origonal owner. That pmi guaranteed the bank some level of protection against the situation in which they are now faced - that is taking an offer that will not pay off all the debt and accrued interest and fees on the property. The insurance (pmi) company also has a say in the acceptance of a contract and its terms since they also have a financial interest/obligation in this property.

Does this help your understanding at all? (The last one of these I did it took the pmi company about 2+ weeks to give us an answer.) Good luck to you - sounds like you are 3/4 of the way to a new home!

Take care,

Beth
... more
0 votes 2 answers Share Flag
Dan Chase, Home Buyer in Texas City, TX
Sun Sep 12, 2010
Dan Chase answered:
Pay the overdue taxes. That will stop everything. Talk to someone at city hall and get this done quickly.
0 votes 1 answer Share Flag
SAIL'N HOME…, Both Buyer and Seller in 15656
Mon Sep 6, 2010
SAIL'N HOME LLC asked:
I have a beautiful 5 bedroom home that would be perfect for her but the County will not let me help her because we are related. If there is an owner, or you are that owner and you are willing…
0 votes 0 Answers Share Flag
Don Tepper, Real Estate Pro in Burke, VA
Thu Oct 1, 2009
Don Tepper answered:
Yes. All the time. Just ask.

When I've called people who have homes for rent, about 30% of them are willing to do rent-to-own.

When I've called people who are selling their homes, the percentage is lower, but some certainly will say yes.

There are plenty of techniques to finding the right owners. Here are a couple:

Look for vacant properties. If it's a rental, the owner may be getting so anxious that he/she will consider selling it. Same idea for properties for sale; if it's empty, they're willing to to rent now (for the cash flow) and sell later.

Deal with the owners themselves. Don't deal through real estate agents. (Most will strongly discourage you from making the offers. And the listing agents will strongly discourage the owner from accepting the offer.)

Make it easy for the owner. If, for instance, you're approaching a landlord, especially one with a vacant property, your pitch is: "If I could give you more than you're asking for each month, and if I took care of all maintenance and upkeep on the property, would you consider selling me the property in a few years?" Offer above-market rent (with the extra credited to the purchase price) and offer to handle all maintenance and repairs. (Tip: Buy a homeowner's warranty for about $400 a year. Then there's only a deductible of about $90 for each problem that you need serviced.)

There's a lot more to it, of course. But the simple answer to your question is: Yes.

Hope that helps.
... more
0 votes 1 answer Share Flag
Cheryl R. Su…,  in Schwenksville, PA
Thu Aug 6, 2009
Cheryl R. Supplee answered:
Check with your agent, perhaps the websites it was posted on have since expired. Some websites require an update every 30 days.
0 votes 4 answers Share Flag
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