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18042 : Real Estate Advice

  • All31
  • Local Info4
  • Home Buying15
  • Home Selling2
  • Market Conditions0

Activity 24
Tue Sep 6, 2016
Sherrywb4 answered:
No. the seller is the siblings and everything is ready to go but the one sibling is refusing to sign to release the house. there is a CD attached. She won't sign to release the CD unless the other two siblings give her the whole CD. Can't it be taken out of collections, put into foreclosure and let me proceed to buy the house. ... more
0 votes 1 answer Share Flag
Mon Mar 2, 2015
Jim Paulson answered:
That is a common question around the country but unfortunately, Realtors are not allowed to answer that question due to laws on steering and black lining. Every person has a unique perspective on what makes a neighborhood nice, so you need to use your own definition and ask more specific questions accordingly. (Crime, schools, demographics, etc.) For example, one person could say neighborhood "x" is great because of the young kids and schools, and someone else that wants peace and quiet could say that neighborhood is horrible because of all the kids and schools. ... more
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Thu Oct 23, 2014
Raymond asked:
I posted my FSBO home on FIZBER and received an email from Trulia at advising me of the FIZBER listing and suggesting I open a Trulia account using the email I gave to FIZBER. I already…
0 votes 0 Answers Share Flag
Thu Jul 10, 2014
Jean-Leon Magnotto answered:
Pretty good, it is a fairly common occurrence. I would talk to a good mortgage broker to see what options are open to them. Good luck !
0 votes 2 answers Share Flag
Thu Apr 24, 2014
Dan Tabit answered:
Rc,
Trulia does not accept by owner listings. If you're listed with an agent, they can do this for you. If your not, there are other sites you can use.
0 votes 2 answers Share Flag
Sun Mar 9, 2014
Shabana Pathan Group answered:
If it was your own listing and you've an extension signed by the landlord, please contact LVARMLS and once you email them extension they'll activate it for you. If it was an expired listing by other agent and you got it from the owners, and have the signed paper work, just enter it in mls and make active. If you are the homeowner and wants to make it active, please contact an agent. We at Shabana Pathan Group can help you. Please call 484-893-1204 or email at spghelps@gmail.com.
Thanks,
Shabana
... more
0 votes 1 answer Share Flag
Sun Mar 9, 2014
Shabana Pathan Group answered:
Please call us at 484-893-1204, we can help to find you a rental property. You can email at spghelps@gmail.com
0 votes 2 answers Share Flag
Thu Oct 17, 2013
Alan Openshaw answered:
Hello Dirtjerz,

Realistically you need a 580 credit score to get a mortgage in your new home purchase. You will get a much better rate if your score is 620 or higher. However your credit score is only one piece of the puzzle. Your employment history factors into the equation as well as the amount of debt you carry as a percentage of your gross income. Past credit history also is important.
Regards
Alan Openshaw
Cornerstone Lending Inc
267 992 7276
MLS # 143960
... more
1 vote 1 answer Share Flag
Sat Oct 5, 2013
IRINA GONGDZE asked:
Thu Sep 5, 2013
Don Tepper answered:
Yes.

As the others say, if you're paying cash, your credit score doesn't matter. The reason is: The credit score matters to the lender, who lends money for the mortgage. If you don't need a mortgage, you don't need to go to a lender.

I'm not prying, but--no insult intended--just wondering how someone with a very low score has ended up with so much money. If some of those debts are outstanding (still in force), you might consider paying some of them off.

And the advice below is good about still getting the home inspection, a title search, etc. those are all still very important.

Hope that helps.
... more
0 votes 4 answers Share Flag
Tue Jul 2, 2013
Dan Chase answered:
If you do not have the money for a down payment just how could you keep the house? Imagine the day when the furnace dies. It is 15 months after you bought the house. You are now looking at a $5,000 repair. Then 2 years later the roof needs tro be replaced. That will cost $3,000 or more. Sadly, 2 weeks after you bought the house somehow a window got broken. That hurt when you had to spend a minor $250 to get it replaced.

http://www.trulia.com/blog/dan_chase/2010/02/what_should_i_watch_out_for_when_choosing_a_home_to_buy_so_that_i_don_t_jump_into_a_money_pit

http://www.trulia.com/blog/dan_chase/2010/02/why_rent_if_you_could_buy_for_less_money_valid_reasons_inside

http://www.trulia.com/blog/dan_chase/2010/01/does_it_make_more_sense_to_buy_or_to_rent_look_at_the_numbers_and_decide_for_yourself

http://www.trulia.com/blog/dan_chase/2010/01/how_do_i_get_a_down_payment_to_buy_a_house_the_ideas_below_worked_well_for_me_they_could_help_you_also
... more
0 votes 2 answers Share Flag
Thu Jan 31, 2013
Shannon French answered:
Hi JC Mitchell, I wanted to give you a link to our frequently asked questions on our website that may be helpful in researching this for you - http://buybaltimoreproperties.com/rent-to-own/faq

We only work the Maryland market, but our FAQs should help you out.

Good luck with everything!
... more
0 votes 1 answer Share Flag
Sat Dec 8, 2012
sableesp answered:
BEST ANSWER
sableesp, Home Buyer, PA.

I don't know how a $,1250.00 monthly mortgage pament could be financially managed with $1,600 monthly income. With only $350 left over, how did you manage taxes, insurance & electricity, heating, water?

I think the fact of you dealing so well with that challenge says a lot, but they do just look at the numbers.

While 595 is not the perfect 800 credit score; it''s not so very negative.
I wonder if a private lender would be open to giving you a loan.

Look into BRIDGE LOANS, where one paid ini ful lproperty's collaterial;'s used for the new one also. Good luck.
... more
0 votes 2 answers Share Flag
Mon May 28, 2012
An Alias answered:
If it's a standard lease agreement that most landlords use, she will be liable for the unpaid months - if the dwelling remains vacant. Few landlords add escape clauses on their own, or are willing to accept a tenant who requests one.

She can help prevent being liable by trying to find a new tenant on her own before she vacates, that is acceptable to the landlord.

Also, the landlord can not just sit back for 5 months and expect her to pay the rent on a vacant dwelling. By law, he has to make an attempt to re-rent the dwelling for the same cost to others in order to mitigate the damages (loss of income) he has incurred by her early departure. She would be liable for advertising costs and those months it took to find a new tenant.

She will definitely lose her security deposit.
... more
0 votes 4 answers Share Flag
Wed Apr 25, 2012
Joe Kaminski answered:
Interview real estate agents in your area to identify an agent who is familiar with the process.

Make sure the agent is acting as your Buyer's Agent or as a Dual Agent.

Everything else is like an ordinary real estate sale...

Everything is negotiable.
... more
0 votes 1 answer Share Flag
Fri Mar 23, 2012
Richard Cowell answered:
I would read my lease very carefully to see if there are any early termination causes and what they say about the cost of termination before end of lease.I would also consult with an attorney regarding your rights under the landlord tenant law in pa.finally lease over 2 years have different requirements on how the landlord must treat the security deposit,consult a good real estate attorney. ... more
0 votes 3 answers Share Flag
Wed Nov 2, 2011
Joseph Sanfratello answered:
Hey Lynn,

As an insurance agent there are a few companies out there that will insure vacant homes. They usually require you to pick a 3 month 6 month or yearly policy and do require full payment up front. And, yes because it is vacant it does pose a higher risk ...in turn higher premium. If you are still looking use the website below to contact me. ... more
0 votes 4 answers Share Flag
Sun Mar 6, 2011
Peter Ryan answered:
Jay, that really depends on a number of factors, such as location (I know you're on College Hill, but...) condition, features (A/C, newer kitchen, age, etc.) and on and on. In the MLS, we can search history to see what different properties, which were listed as rentals, finally rented for, though certainly not all rentals are entered into the MLS. So....that's my non-answer answer. Feel free to contact me for further information. Please excuse me if I cannot determine at what price your home would rent, it's simply that there are too many factors which determine both sale prices and rentals, that I would potentially be providing inaccurate information. ... more
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