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Beech Grove : Real Estate Advice

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  • Local Info1
  • Home Buying3
  • Home Selling0
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Activity 6
Mon May 20, 2013
Jason Hess answered:
Thank you for requesting information on my listing in Beech Grove. I work with many different types of clients and I can tell you that when you purchase a home that is not your primary residence, it requires buyers to put down 10-20% on the home. Most lenders are 20% down, but I have one that will do 10% if credit scores are high. You can call me directly to answer any questions you have. Thank you for contacting me. Have a good day.

Jason Hess
(317) 716-9258
jason.hess@kw.com
... more
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Wed Aug 8, 2012
Stephanie.lines answered:
I am almost positive that it is but your best bet (because the boundaries change all of the time) is to call 317-788-4481 and ask. They can look the address up and tell you what school it feeds into. Please email me if you need additional information. ... more
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Fri Jun 22, 2012
Gregorio Denny answered:
Requirements for conventional financing are as follows:

Second Home Requirements

1. Must be located a reasonable distance away from the borrower’s principal
residence.
2. Must be occupied by the borrower for some portion of the year.
3. Is restricted to one-unit dwellings.
4. Must be suitable for year-round occupancy.
5. The borrower must have exclusive control over the property.
6. Must not be rental property or a timeshare arrangement.
7. Cannot be subject to any agreements that give a management firm control over the occupancy of the property.
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Mon Jan 16, 2012
Pamela Smith answered:
I would have to see the inside of the home to let you know what could be done. It will depend on the electrical, the plumbing, and the foundation. Please call me if you have specific questions at 317-446-0959. ... more
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Wed Jan 11, 2012
Christine Pfender answered:
I am sorry, I just answed your question below...if you would like the details of the homes that I included in my answer, please feel free to contact me and I will email those to you....or mail them to you......

Looking forward to hopefully hearing from you!
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Mon Jan 9, 2012
Annette Lawrence answered:
There is so much we don't know.
At that price point all transactions are CASH. Banks don't care to write mortgages for such low amounts.
I've had buyers puchase homes at this price point on the credit card.
Discount? How much has this been discounted already?
Who are you bargaining with, the owner or the bank?
What is the condition? ARV? Repair costs? If you see where the profit is, others will also. Then it goes not to the low baller, but the highest offer.
Of course, you already know what the standard investor formula is. So go ahead and low-ball and take your chances.
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