The market is not likely to drop. In fact, the market is improving. There are less short sales than last year and January sales this year had median prices increasing 8%. Increases are expected for the next 3-5 years as we are still not back to their peak from 2005.
With regard to the house you found, technically since she was enlisted as your agent during this time, she is entitled to the commission. The commission for this possible Spring sale as you are aware, is paid by the sellers, not you as buyers, so you are not paying out. Good luck with your purchase. I hope the home is still available for you.
I wanted to mention though, that if the home was priced too high, it may go lower this time. Agents can do a market analysis for you to give you a very good idea of what prices the homes are selling at in the area you are looking... more
The best way to find out who owns the home is to go to the Tax Assessor's office. It is often also available online. You can find out if the taxes have bee paid or not. Once you find the owners you can
contact them by letter or phone call to see if they are willing to sell. If the taxes have not been paid for numerous year, the house will be foreclosed and you may work with a realtor to purchase the property. This is a lengthy process, but with patience, they can work.... more
No they are not, you have to get all of your questions answered and if you did not know about this before the offer was agreed upon, you may want to consult an attorney. Alsom go to the city offices check out the property there. Be sure of he facts before making your final decision.
Good Morning!! As long as you can qualify for a mortgage (income and debts) you are eligible for a Homepath loan. Our fair housing laws do not allow you to be discriminated against for being on disability.
Karen Paytas, GRI, CMS
Real Living Kee Realty
I think the more important question may be, "Can you help me find the right house?" If you have a specific need for a particuloar kind of home in a specific are at a given price range, you may do well to seek out an agent to assist you as a "Buyer's agent"!
To that end you should be looking for an agent to do just that for you, rather than finding an agent with a specific listing. Keep in mind the agent with the property listing is representing the seller, not the Buyer.
Arteva Homes, Inc build quality custom homes. They pay attention to every detail whether building custom homes or condos. Contact Arteva Homes at 248-642-7826 located at 1668 Telegraph Road, Suite L-150 Bloomfield Hills, MI 48302
I have worked with Arteva Homes on several of their projects in the Birmingham and Davison areas. I have seen the quality and attention to detail during construction.... more
I am so sorry to hear about your misfortune with these agents. I would go to the manager/broker of the office and lodge your complaint. Real estate agents rely heavily on referrals so a bad referral can really hurt their business. With no business they are out of business. In the future ask around for an agent that someone who you know has used and been happy with. This lessens the chance of things going wrong.
There are still a number of grant programs out there and they are generally handled by the county or individual cities. Derek was correct stating that you should talk to a loan officer. You also need to begin doing some digging on your own. I would start by contacting Oakland County or the city Bloomfield directly.... more
The FHA loan program was created to help increase homeownership. The FHA program makes buying a home easier and less expensive than other types of real estate mortgage home loan programs. Some highlights of the FHA loan program are:
â€¢ Minimal Down Payment and Closing Costs.
â€¢ Down payment less than 3% of Sales Price with 100% options.
â€¢ Gift for down payment and closing costs allowed.
â€¢ No reserves or required.
â€¢ FHA regulated closing costs.
â€¢ Seller can credit up to 6% of sales price towards buyers costs.
â€¢ Easier Credit Qualifying Guidelines such as:
â€¢ No minimum FICO score or credit score requirements.
â€¢ FHA will allow a home purchase 2 years after a Bankruptcy.
â€¢ FHA will allow a home purchase 3 years after a Foreclosure.
These advantages of the FHA loan program has made it one of the best options for most first time home buyers as well as move-up home buyers.
You do not have to be a first time buyer to obtain a FHA loan, anyone may use a FHA loan as long as you do not have more than one FHA insured loan at any one time.
The answer really depends on the property, the location of the property and the history of the property. Also, when doing further research it also depends on just how low you are able to obtain the property. If you can buy the property for less than 1.6 mil than of course the answer is no its not a good buy. When choosing a mortgage company be very careful and choose A plus money.... more