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Home Buying in Battle Ground : Real Estate Advice

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  • Local Info2
  • Home Buying5
  • Home Selling0
  • Market Conditions1

Activity 8
Sun Nov 20, 2016
Trisha Holling asked:
I cant get a home loan until december 2017. I found a HUD home fixer upper. I would do a lease to own on it. Will Hud do lease to own?
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Thu Oct 27, 2016
Baileyr2380 answered:
how much closing cost should i expect on a small land purchase under 15,000$
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Sat Oct 22, 2016
Vjdarnell asked:
Fri Aug 5, 2016
Kary Krismer answered:
Pricing over assessed value isn't an issue because there will be an appraisal (if one hasn't been done already).

As to the rest, it's not the down payment that is an issue. For virtually any type of loan except rehab loans the property does have to meet certain minimum standards. The needed improvements can be minor (CO detector) or major (new roof). Even if the buyer has enough cash to pay for the house without a loan, the bank is not going to make a loan without the house qualifying for the loan. ... more
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Tue Apr 16, 2013
Ken Eklund asked:
Fri Mar 25, 2011
Gloria Matthews answered:
The costs of selling on a real estate contract, is essentially no different than financing thru a lender, except the lender costs.

There is 1.78% excise tax due by the seller...
there are title and escrow fees . You can get estimates online at Clark County Title,
There are minimal recording fees etc. very typical of any transaction
The property taxes will be pre-paid to the next collection date. Whether those taxes are current makes a difference, and the buyer pays in advance, at closing from the date of closing.

IF there is an underlying mortgage, there may be a "due on sale" clause, which you need to understand the possible ramifications of your plan.

If you utilize a 3rd party note service company.(I recommend this)..the set up fee is 125.00 and the monthly from 7-14/mo,
this records the payments, provides the interest paid statement for end of year taxes, and generally a good idea..even with family. Your payment goes to a 3rd party servicer, then to the bank.

The title company will create a HUD SETTLEMENT STATEMENT for you in advance, so you each know your respective costs, fees.

If you need further assistance, with your agreement, note or real estate contracts... Drop me a note. I can assist you with the preparations, but some legal council is advised.

Gloria Matthews
... more
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Fri Jan 28, 2011
Jonas answered:
Hi Dh!

Typically the seller pays for the title policy.

All the best!

Jonas Mancuso
Remax / Lakelend
Web Reference: ... more
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Thu May 6, 2010
Teresa Lamb answered:
Hi Amy, I think I know what house you're talking about. I've seen it. If you plan on doing the work yourself and have experience, if it's the same house, it's a good deal. If you plan on hiring the work to be done, probably not a good deal. I mentioned this one to my son who could do the work himself. He decided to pass and he is a general contractor.

It is true that the home has to be finished to finance with usual loan programs but there is the FHA 203 program that would probably finance it.

If you intend on buying without benefit of a real estate professional, (not advised) and you do not have construction experience, at least hire a licensed, general contractor with experience, to view the home and give you an idea of costs associated with finishing it. For sure, have an inspection of what has already been done! In the long run you could end up paying more for this "deal" than if you bought a finished home for more.
... more
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