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Home Buying in Detroit : Real Estate Advice

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  • Home Buying806
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Activity 930
Sat Jun 6, 2015
Debra (Debbie) Rose answered:
Probably not, but why not just do it online and get it over with? I used the CE Shop - you can worj through the courses quickly as (in NJ) they are not timed
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Sun May 31, 2015
Lateva Woolfork answered:
Hello, I am a metro Detroit realtor! I have a few connections with lenders that can help you answer your question. You can email me Latevayourrealtor@gmail.com
0 votes 2 answers Share Flag
Sun May 31, 2015
Christopher Fritts answered:
A seller is not required to sell their home if the appraisal came in low AND you have asked them to reduce their price to the appraised value. This is unfortunate, but yes they can terminate the agreement unless you are willing to pay the negotiated sales price without concern of the appraised value. If you are willing to pay based on the original negotiated price then I don't see where the seller can back out. A real estate agent should not offer you legal advice, period! I suggest you contact an attorney so that you can be properly informed. Good Luck!! ... more
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Wed May 20, 2015
Lateva Woolfork answered:
Do you guys work with realtors? I have a few clients looking for land contracts. If so please call 313-676-0207 or email me at Latevayourrealtor@gmail.com
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Tue May 19, 2015
Aaron B. Lewis answered:
Over 50% of our clients are international buyers. We have been investing in Detroit collectively for over 43 years and our experience is what keeps our clients safe and happy with their investments. Call to setup a time to come by our office if you'd like. ... more
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Tue May 12, 2015
Gwendolyn West-Gonzalez answered:
Thu May 7, 2015
Brittany Walls answered:
Depends on if they can show added value. If your clients don't have enough money to put down, move on. The markets are changing; some sellers look for cash buyers because of this- or clients who have a substantial down payment. ... more
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Thu May 7, 2015
Brittany898 answered:
Your hesitancy is very wise. In my experience the last thing a first time home buyer should do is buy a fixer-upper unless they are actively working in the building profession. Most first timers, like many others, want their home to be a place of comfort and when the home is a "work in progress" that comfort does not exist and can potentially put a great deal of stress on a relationship (people get divorced due to this situation all the time). There is no doubt that such an endeavor could turn quite profitable, so like most other money making propositions there is risk involved. Personally, I say go for it!!! But your decision must be a mutual well thought out one between you and your partner in crime.

If you do decide to move on the FHA 203(k), don't go in blindly. If you can it is best to invite the experts to see the house with you so they can give you some hard estimations of what it will take to fix up. These numbers will provide you a better standing to negotiate with the seller. My only word of warning is to make sure you understand how the money improvement money can be spent for your time versus having to hire others. Good Luck

Reference Link:- http://fha203kloan.org/203k-eligible/
... more
1 vote 7 answers Share Flag
Wed May 6, 2015
Randy Patti answered:
Good Morning,
You could email me at: revestrealty@gmail.com or contact my office at 586.782.6400 and I will gladly run a home search for you and help in whatever way I can.

Look forward to hearing from you. ... more
0 votes 3 answers Share Flag
Sun Apr 26, 2015
Aaron B. Lewis answered:
We have a few that for that critetia.
Call or email we get new properties daily that dont get uploaded tothe site. We can email you diect. AARONB@VIEREALTYGROUP.COM
313-405-7337
0 votes 1 answer Share Flag
Tue Apr 14, 2015
Carol Trowell answered:
Dave,

What witless you like to know about this property. It is in the market for sale @ $15K

As stated in listing it's in need of repairs. What specific details are tough looking to have answered?

Please feel free to email them to me.

Caroltrowell@gmail.com

Thanks,
Carol
... more
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Tue Apr 14, 2015
Gwendolyn West-Gonzalez answered:
I would love to list your home on the Realtor's MLS and on over 50,000 websites nationwide for more visibility. Visit my website for more information about me at http://gwest.yourkwagent.com. I look forward to helping you sell your home. Gwen ... more
0 votes 7 answers Share Flag
Tue Apr 14, 2015
Gwendolyn West-Gonzalez answered:
Hi Lee - I would love to list your home on the Realtor's MLS and on over 50,000 websites nationwide for more visibility. Visit my website for more information about me at http://gwest.yourkwagent.com. I look forward to helping you sell your home. Gwen ... more
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Wed Apr 8, 2015
Tyguyton answered:
GVB INVESTMENT GROUP have 4 for you to choose from on the same block. If interested contact us either by email or phone: tyguyton@sbcglobal.net or 313-717-0905
0 votes 9 answers Share Flag
Mon Apr 6, 2015
Gwendolyn West-Gonzalez answered:
Good morning Rachel -

Although this home is not available on lease with option to buy terms, there are many homes available for lease with option to buy or land contract. Please visit my website at http://gwest.yourkwagent.com and email me at gwest@kw.com I would love to assist you find that perfect home for your family. ... more
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Mon Apr 6, 2015
Gwendolyn West-Gonzalez answered:
Good morning -

I work with a lender that have several different programs that have different requirements including bankruptcies, defaults and judgments that is less than 2 years. If you have at least $5000 cash a land contract would be a great option for reaching your goal in becoming a home owner. Please contact me via my email address at gwest@kw.com or at http://gwest.yourkwagent.com. I would love to provide you with the lender I work with who has helped others get bank approval and I would love to help you find that perfect home for your family. I believe all things are possible and I think you are a great candidate to buy a home. I look forward to hearing from you soon. ... more
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Sat Apr 4, 2015
wilsonsophia7 answered:
Please send me an email. The $500.00 dollar properties have back taxes that are owed on them. Send me an email @ wilsonsophia7@gmail.com
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Sat Mar 28, 2015
Simon Campbell answered:
Typically a buyer must wait up to 2 years after a Chapter 7 or 13 bankruptcy is discharged before being able to qualify for a loan. Though there are loans out there that require less time, the loan terms (i.e. interest rate) could make the loan cost much more over the long term.

Once the 2 years has passed, the borrower will want to make sure that their credit score will not hold them back from being able to qualify for a loan. To qualify for a traditional loan, they are going to need a minimum credit score in the 620 - 640 range though most require 680. FHA loan approval requires a credit score of 580 though they have programs for scores above 500 though the terms are not very attractive.

To get a loan after bankruptcy, the borrower must make sure that the bankruptcy has been discharged.

Consider buying a home on a rent to own basis or on a land contract. Both do not require mortgages upfront.
... more
0 votes 4 answers Share Flag
Sat Mar 28, 2015
house answered:
I have a home I will lose to taxes. Needs work but has a new roof. 10k will pay taxes and fix home. Two family 4 bedrooms 2 kitchen near Marygrove College house@farm313
0 votes 3 answers Share Flag
Fri Mar 13, 2015
Derek Tunison answered:
Brandon,

I would in Macomb County and am able to help with financing if you need a home loan.

Good Luck!

Derek Tunison
586-306-8994
0 votes 8 answers Share Flag
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