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Douglas County : Real Estate Advice

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Activity 90
Sun Nov 22, 2009
Rob Lang :) answered:
Hi Paizley79,

Harold Arnold from Chicago is correct. Find a local Realtor who will help you get pre-qualified so you can obtain financing. There are several financing options besides loans from banks that should be pursued such as seller financing that Mr. Arnold mentioned. A few others would be relatives buying the property for you and you buying it from them, your employer buying the property for you and you buying it from the employer, etc. There are other options to pursue as well along with variables such as how much money you have as a down payment, the interest rate that will be charged, the term of the loan (number of years), to name a couple.

Again, find a local Realtor who will help you through this process and even if this house does not work out, he may be able to help you find another house that does.

Thanks and "Don't keep me a secret--I'm never too busy for your referrals!"
Rob Lang, CRS, ABR, ePro, GRI, CFPS Realtor®
Sellers www.MLSPlease.com (Marketing homes to 2 MLS's, to over 10,0000 websites, and virtual tours, and a $1,495 full service listing side option to save home owners thousands of dollars when they sell their home)
Buyers: Property Searches www.AskRobLang.com
http://www.tokbox.com/Rob0709 to Video Conference with me
Blog www.ActiveRob.com
At Home Kansas 300 Rockfence Pl, Lawrence, KS 66049
(Serving Lawrence, Eudora, Baldwin, Topeka, Olathe, Tonganoxie, Leavenworth, Kansas City, McLouth, Wellsville, Ottawa, Berryton, Tecumseh, more)
785-813-1357 (cell) 206-339-3199 (fax)
Info@AskRobLang.com
... more
0 votes 2 answers Share Flag
Mon Nov 9, 2009
Rob Lang :) answered:
Hi Mtynester,

http://tinyurl.com/RobSellsHomes is a link to the the 23 properties that meet your criteria for city single family dwellings with maintenance free living. They range in price from $307,500 to $2,200,000. You can narrow it down to the price range you are interested in or give me a call to narrow it down further for you.

There are a few more to choose from as well for under $600 annually for HOA dues but they don't offer as many benefits.

Thanks and "Don't keep me a secret--I'm never too busy for your referrals!"
Rob Lang, CRS, ABR, ePro, GRI, CFPS Realtor®
Sellers http://www.MLSPlease.com (Marketing homes to 2 MLS's, to over 10,0000 websites, and virtual tours, and a $1,495 full service listing side option to save home owners thousands of dollars when they sell their home)
Buyers: Property Searches http://www.AskRobLang.com
http://www.tokbox.com/Rob0709 to Video Conference with me
Blog http://www.ActiveRob.com
Realty Executives, Hedges Real Estate
(Serving Lawrence, Eudora, Baldwin, Topeka, Olathe, Tonganoxie, Leavenworth, Kansas City, McLouth, Wellsville, Ottawa, Berryton, Tecumseh, more)
785-813-1357 (cell) 206-339-3199 (fax)
Info@AskRobLang.com
... more
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Wed Oct 28, 2009
Dallas Texas answered:
It depends on how term(s) are used. Have you been issued a lender letter of statement of what type of loan, % as down payment, interest rate and etc.

It can take approx. 4 -5 working days complete a file based on information provided.

National Featured Realtor and Consultant, Texas Mortgage Loan Officer, Credit Repair Lecturer
Follow me on Twitter: http://twitter.com/Lynn911
Lynn911

http://www.lynn911.com
... more
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Wed Oct 28, 2009
Keane Ng answered:
I'm happy to see the Q&A in this area is helpful.

Marilyn, great answers below.

Rob, the 203k does finance above the value of the home BUT the buyer needs to put 3.5% of the acquisition cost+ rehab work. If those figures equal over 100%, FHA allows it up to 110% or 35k in rehab, whichever is less. However, the buyer should still be expecting to bring money down UNLESS it's for a HUD home in which you can do a $100 down HUD 203k. ... more
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Wed Oct 28, 2009
Luke Allison answered:
I believe that the maximum HomePath financing is 97%. However the rates are good and there is no MI so it is well worth it.
0 votes 2 answers Share Flag
Tue Sep 1, 2009
Laura Chaney answered:
Are you willing to discount the price of your house by a comparable percentage that I am willing to discount my commission? In other words, if I discount my commission by 20% will you discount the price of your house by 20%? "Maybe," you say. "Is this a reasonable request.?" ... more
0 votes 11 answers Share Flag
Fri May 8, 2009
Rob Lang :) answered:
Hi John,

Thanks for your question. Your answer is the first scenario on the IRS Q&A website regarding the first time home buyer tax credit.

The answer given on http://www.irs.gov/newsroom/article/0,,id=206294,00.html is:

S1. If a single person (Taxpayer A) qualifies as a first-time homebuyer at the time he/she purchases a home with someone (Taxpayer B) that is not a first-time homebuyer and then later that year they marry each other, is the credit still allowed?

A. Eligibility for the first-time homebuyer credit is determined on the date of purchase. If Taxpayer A, a first-time homebuyer, buys a house and then later that year marries Taxpayer B, not a first-time homebuyer, the credit is allowable to Taxpayer A. Taxpayer A may take the maximum credit.

http://www.irs.gov/newsroom/article/0,,id=204671,00.html and
http://www.irs.gov/newsroom/article/0,,id=206293,00.html will answer other questions that you have.

You may want to visit www.MoveToLawrence.com or www.MoveToEudora.com or www.MoveToBaldwin.com or www.66049Homes.com or www.66047Homes.com or www.66044Homes.com or www.66046Homes.com to help you get an idea of house prices in the Lawrence Kansas area. Most people not from here are shocked about Lawrence's rank as highest average cost per sq ft for housing in the whole state.

I would be happy to automatically email you homes that match your search criteria with no obligation. Houses that you see online are outdated anywhere from 48-72 or more hours and sometimes are under contract before you see them if they are the best deals.

I'd be happy to research and get you additional info as well such as county appraisal, value of other homes on the block, etc. Let me know if I can be of help.

Thanks and "Don't keep me a secret--I'm never too busy for your referrals!"
Rob (FREE Home Warranty with every home you buy or sell through me!!)
Rob Lang, CRS, ABR, ePro, GRI, CFPS Realtor®
Sellers www.MLSPlease.com (Marketing homes to 3 MLS's, to over 10,000 websites, "Showcase" Realtor.com listing, and virtual tours)
Property Searches www.LetRobDoIt.com
Places for Rent or Lease www.KSLease.com
Blog www.ActiveRain.com/blogs/langrob
Realty Executives, Hedges Real Estate (three convenient locations)
(Serving Lawrence, Eudora, Baldwin, Topeka, Olathe, Tonganoxie, Leavenworth, Kansas City, McLouth, Wellsville, Ottawa, Berryton, Tecumseh, more)
300 Rockfence Place, Lawrence, KS 66049
1037 Vermont, Lawrence, KS 66044
I'll meet you at the location of your choice!
785-393-2274 (cell) 206-339-3199 (fax)
Rob@YouWantHouses.com
... more
2 votes 3 answers Share Flag
Mon Apr 6, 2009
Edwin Ramos answered:
The Commercial world is a completely different animal. The question is a little bit to vague, because there are many different types of commercial structures, retail, malls, multifamily, office, etc... With in these subgroups you can have different performances. Overall, the commercial world here in Kansas have maintain a good foothold in value. In the upcoming months I perceive no changes. I believe this because a commercial investor purchases property based on what it produces, not on emotions, amenities, or potential appreciations. Return on investments a calculated on current and past performance. Therefore, the result of these approaches and practices in the overall commercial industry, maintain more stable values.

Hopefully this helps!

Edwin Ramos
Flint Hills Realty, INC
Broker/Owner
Http://FlintHillsRealty.com
... more
0 votes 2 answers Share Flag
Thu Feb 12, 2009
Rob Lang :) answered:
Hi Kellen,

I have such an earth berm home listed right now (see link below). Local banks may loan money on these homes but it is considered a non-conventional loan.

For expert advice on home loans, I would suggest you get pre-qualified and ask questions through Bob Buchanan at 785-979-1073.

As to the value, an earth contact home has tremendous utility savings value, lower exterior maintenance value, lower value when it comes to re-sell on down the road due to difficulty in getting a non-conforming loan
over a conventional loan.

Please feel free to contact me if you have any further questions.

Thanks and "Don't keep me a secret--I'm never too busy for your referrals!"
Rob (FREE Home Warranty and FREE Home Values Report with every home you buy or sell through me!!)
Rob Lang, CRS, ABR, ePro, GRI, CFPS Realtor®
Sellers www.MLSPlease.com (Marketing homes to 3 MLS's, to over 10,000 websites, "Showcase" Realtor.com listing, and virtual tours)
Property Searches www.LetRobDoIt.com
Places for Rent or Lease www.KSLease.com
Blog www.ActiveRain.com/blogs/langrob
Realty Executives, Hedges Real Estate (three convenient locations)
(Serving Lawrence, Eudora, Baldwin, Topeka, Olathe, Tonganoxie, Leavenworth, Kansas City, McLouth, Wellsville, Ottawa, Berryton, Tecumseh, more)
300 Rockfence Place, Lawrence, KS 66049
1037 Vermont, Lawrence, KS 66044
I'll meet you at the location of your choice!
785-393-2274 (cell) 206-339-3199 (fax)
Rob@YouWantHouses.com
... more
1 vote 2 answers Share Flag
Mon Jan 19, 2009
Rob Lang :) answered:
Hi Mc,

I would be happy to email you a plat or aerial view of the property with its boundaries so you can see how much land goes with the Lawrence Kansas real estate that you reference in your question. Please visit my web reference below to see all the homes and acreages that match your price range.

Thanks!
Rob Lang
... more
1 vote 1 answer Share Flag
Mon Jan 19, 2009
Rob Lang :) answered:
Hi Saeed,

Thank you for your question. My website reference below will show you prices of new construction by both price ranges as you have mentioned and by geographical areas and features that you need. When you find homes that you are interested in, I will get you additional information such as building material quality, county appraisal, comparison with other homes on the block, and much more. I will also put you in touch with professional lenders better equipped than myself to answer your financing questions. A few builders offer financing themselves and I will let you know which properties qualify for builder financing. Lawrence Kansas real estate appreciates faster than any other real estate in the state so you will be looking at the high end of your $150,000 to $250,000 price range for your brick, new construction Lawrence Kansas property.

Thanks!
Rob Lang
... more
1 vote 1 answer Share Flag
Mon Jan 19, 2009
Rob Lang :) answered:
Hi Elias,

If you are looking for information on how to buy a Lawrence Kansas property, the best thing to do is visit some Realtor's website where you can search for information based on what features you need in a home. My web reference below will allow you to select homes by zip code (area of Lawrence) and by price range. Once you find the home or homes you would like more information about buying, contact me or the Realtor from the website you found the houses and we will give you more information on county appraisal, building material quality, get you more photos, help you get a pre-approval letter, and much more.

Thanks for asking your question and let me know if I give you more info, more photos, sellers' disclosures, etc. on any Lawrence Kansas real estate.

Rob Lang
... more
1 vote 1 answer Share Flag
Thu Dec 4, 2008
Robb Spearman answered:
You need to work with an approved HUD broker. I would highly recommend that the approved HUD broker is a Realtor which means they are members of the National, State and Local Association of Realtors. To find an approved HUD broker go to my website. ... more
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Sat Aug 23, 2008
Scott Godzyk answered:
I dont see why not. Your best bet is to find a trusted mortgage broker, and not an internet lender and ask them what programs they have to assist you. There also should be a state housing authority in VA that can assist you with their programs. Good luck on your purchase. ... more
0 votes 1 answer Share Flag
Sat Aug 23, 2008
Scott Godzyk answered:
I dont see why not. Your best bet is to find a trusted mortgage broker, and not an internet lender and ask them what programs they have to assist you. There also should be a state housing authority in VA that can assist you with their programs. Good luck on your purchase. ... more
0 votes 2 answers Share Flag
Sun Aug 17, 2008
Chris Lengquist answered:
Marisa did a great job of breaking it down for you. You're going to have to decide between a little more urban and a little more rural. Have fun and good luck. Let me know if I can help. ... more
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Mon Aug 11, 2008
Michael Mcgrew answered:
There are a variety of loans available for those with good credit. The Lawrence area is lucky to have quite a few good competitive lenders. FHA is an option and lower down payment conventional financing is as well. Don't forget that Congress and President Bush just signed the housing relief bill that gives first time homebuyers a $7500 tax credit that works like a no interest down payment loan. One knowledgeable lender is Danielle Baker at Oread Mortgage, dbaker@oreadmortgage.com. Good luck! ... more
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Thu Aug 7, 2008
Dan answered:
It depends how much money you can put down for a downpayment. If you can muster up 20%, you should be fine.

Try seekingagents.com to find a real estate agent who'll help you find a home, a loan, and take you through the buying process smoothly.

Best of luck,
Dan
... more
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Thu Jul 31, 2008
Rob Lang :) answered:
Hi Fostermamas,

To answer your question would be steering. As Realtors, we are only allowed to provide you ALL the houses that match your search criteria, your price range, and geographical area if you select one. If you visit my web reference shown below, you will be able to select homes in each of the zip codes such as 66044 that would include many of the Mass Street area homes. If you have any further questions, please feel free to ask.

Thanks!
Rob Lang
... more
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Wed Jun 18, 2008
Dennis Sullivan asked:
5 condos in it, the other building is down back of the property, duplex style 2 family. Can we get separate master insurance for both buildings, the two down back get their own insurance…
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