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Home Buying in Elkhart : Real Estate Advice

  • All77
  • Local Info8
  • Home Buying24
  • Home Selling4
  • Market Conditions3

Activity 31
Thu Oct 6, 2016
Dana Fafard answered:
The good news is that with today's interest rates, you can still get a great deal with a credit score lower than 700!
When we bought our first home (in Indiana as well!) we had a credit score of 680, and were still able to get a 3.8 interest rate. They're even lower now!

Building it back up again can take some time, but it's not too difficult! My husband and I just made small, frequent purchases with our card, and then turned right about and paid them off. Within no time at all it went from under 700 to 800+!
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Thu May 5, 2016
Susankhege asked:
When buyer has reserved the right to have independent inspections and the contract says buyer shall order them within 15 days from acceptance and shall respond to the inspection report in…
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Sun Apr 24, 2016
Alysse Musgrave answered:
Eventually you will. Wait until your credit score is around 640 before you try to buy a home. You'll need 3.5% for your down payment and a steady, verifiable income. You'll get there.

Don't Let Them Make a Monkey Out of You! Follow the links below.


Alysse Musgrave
http://HelpUBuyAmerica.com
https://www.youtube.com/watch?v=D5wipynkV4U


Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You! US, Texas, and Spanish versions available.
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Thu Mar 31, 2016
Bigheadbob1972 asked:
Wed Nov 11, 2015
Kathy Lewis answered:
Contact us below if we can assist you.


USDA Mortgage Hub
100% USDA Rural Housing Loans
Serving all 50 states
Ph: 800-691-8826 (7 days a week)
www.UsdaMortgageHub.com
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Fri Apr 10, 2015
Harlryflstf asked:
Sat Jan 31, 2015
Tracy Jones answered:
I can get you the township if you post the address.
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Fri Sep 26, 2014
Scott Godzyk answered:
Your agent needs to log on and correct it manually. They can also correct it on their MLS if they are using an auto feed that posts their MLS listings here and other sites automatically. ... more
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Thu Sep 25, 2014
The "Anthony Brothers" answered:
If listed with a Realtor, it sometimes takes a few days to obtain all of the information to get it on the market for sale (such as in the MLS). If it's more than a few days, it may already have an accepted offer that you are not aware of, but it does no one any good to have a property for sale if no one knows about it. How did you learn it was for sale? Is your source reliable? Best of luck. ... more
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Sat May 31, 2014
Sellers answered:
I have a house for sale on this site! with 15 acres, 2 pole barns, 5+ bedroom house, swimming pool. It's only 1/2 mile from downtown Bristol - with all the privacy and space you need, within walking distance to stores and services - all in top shape. 801 & 809 Trout Creek Road, Bristol, IN. It used to be a tree farm, so you might have to cut some trees for horse land, and check the zoning. As far as needing electricians, I have worked with 2 companies that are top notch I can put you in touch with. Homeowner. ... more
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Fri May 30, 2014
Scott Godzyk answered:
Ona mortgage, it is not a co-signor as in a car loan. they are co-borrower where they are on the hook for the mortgage and are added to the deed. A local and trusted loan officer can go over this with you quite easily,. ... more
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Fri Jan 17, 2014
Tony Grech answered:
Mark is not too far off base. Most folks who are in the position of needing to rent-to-own or do a land contract have poor credit, and smart people aren't going to carry the note unless you put some skin in the game (down payment) AND there is a good return for taking the risk (high interest rate).

People "like" to own homes, but they don't "need" to own homes,and locking yourself into a rent to own or land contract just limits the type of homes you can get and in the end you wind up paying more than you need to.

The marketing machine that is the real estate industry would have you beleive that owning a home is a basic human right and that you're "just throwing money away" by renting. And they also want you to believe that you need to buy NOW. But the truth is, some people are better off renting than buying. The perfect time to buy is when you are ready. People buy houses when the economy is good, when it's bad, when rates are 3% and when they were 8%.

If owning a home is your true goal then there are no shortcuts. I'd recommend getting your financial household in order - which includes establishing good credit, developing a budget and sticking to it, and saving some money each month. Learn to do this and you will open up a world of options, and they won't be outrageous.

Hope this helps Teddy. Best of luck to you!

Tony
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Thu Dec 26, 2013
Randy Lechlitner answered:
The home at 59039 SR 19 Elkhart, IN is not owned by any bank. Please contact Broker Jill Robinson at 574-250-9980 for information regarding this home.
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Thu Jul 25, 2013
Trevor Curran answered:
Good afternoon alexanderevon,

Rent To Own is a better deal for the Seller than it would ever be for a potential Buyer.

The basic concept is finding a way to "force" savings towards a down payment by including a portion of the monthly rental that goes towards that savings. You pay your rent every month and your Landlord deducts a pre-determined amount to hold in a special bank account, called an "escrow" account. Your Landlord holds that money until you have saved up enough---through this "forced-savings" method---to meet a down payment to purchase the home.

The terms of the purchase price, including the down payment amount, and the amount to be set aside from the rental for down payment, are all set down at the time of lease signing.

It's all about helping the renter/tenant save up enough money for a down payment to buy a home (in this case, the one you're renting). But this is a better deal for the Seller because he gets to lock in a purchase price and a buyer today for a future sale.

Saving money for a down payment? Well, heck, you can do that on your own.

If you are dedicated to the idea of buying your own home, you can create your own savings plan to save up enough money for a down payment. And when you have saved up enough for a down payment, if that takes a year or two or more, YOU get to decide on the price you're willing to pay for the house at that time based on current market conditions. You won't be locked in to a price that may be a lot higher than what the house is worth in the future.

With Rent To Own you'll be locked in both to the house and to the price, even if it takes you 3 years to save enough through the forced savings of the rent payments. What happens if three years from now your life situation has changed? Maybe you need a bigger/smaller home. Maybe your employment has relocated. Maybe your credit or income is insufficient to qualify for a mortgage loan.

Find a way to save up on your own; not with Rent To Own.

Sit down with a local Mortgage Banker and get yourself prequalified, too. You may find you're better qualified than you think you are, and, if you're not, at least you'll know how much loan your income and credit qualify you for, and how much you have to save towards down payment and closing costs.

Trevor Curran
NMLS #40140

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks
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Fri Apr 19, 2013
Peter Le answered:
I have land for sale, 5 acres in Noblesville, IN in Hamilton County which has the most consistent and highest ratings for a family in the U.S

156th and Hazel Dell Pkwy rt across the street from an elementary school
Noblesville, IN

It's zoned residential with approval from the mayor to place any business of the following:

Daycare/Preschool
Montessori Schools
Vet clinic/ Doggy daycare
Investment services
Financial Services
Financial Advisors
Small Insurance Office
Mortgage lenders
Manufacturer's Rep


Please email me for documents if you are interested
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Fri Apr 19, 2013
Peter Le answered:
I have land for sale thats zoned residential in Noblesville, IN if anyone is interested.

We also have approval from the mayor to target vertical markets such as:
Vet clinic
Health care facility
Investment services
Financial Services
Preschool
Doggy daycare

Please feel free to contact me anytime
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Wed Jul 18, 2012
Jody Jones answered:
They are wanting you to say if you will or will not occupy the home as your PRIMARY residence
They are asking you if you are or are not related to the previous owner
They are saying you can not be a supplier of services to Freddie Mac to purchase the home

Also Freddie Mac employees immediate family members are ineligble to purchase these homes.
and a non-resident minor child or dependent for whom the employee has responsibility.)

Also I believe that you need to be represented by a real estate agent to purchase this home, so if you dont have one, I would be happy to help!

Good Luck,
Jody Jones
Realty Group Resources
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Wed Jun 27, 2012
Chris answered:
Hello Orla-most sellers want the buyer to show "proof of funds" if you are making a cash offer. If you have documentation showing you will be receiving the money and make your offer subject to having the money on or by a specific date it's possible a seller may work with you. However you will need an earnest money deposit if your offer is accepted. ... more
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Fri May 4, 2012
Ann Connolly answered:
If the first offer does not close HUD I believe will then turn to any previous acceptable offer if the buyers agent put a check mark in the box when initially submitting the offer that asks the question should this offer stay in the system for a backup offer????

Also HUD just recently changed their policy that they are now disclosing the amount of the winning bids but they do not stay posted very long.
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Tue Sep 20, 2011
Diebold87 answered:
I AM SORRY I PUT MY QUESTION AS AN ANSWER MY DAUGHTER IS LOOKING FOR A HOUSE TO RENT IN THE OSOLO SCHOOL DISTRICT DO YOU KNOW OF ANY OWNERS THAT HAVE A HOUSE FOR RENT IN THE OSOLO SCHOOL AREA NEEDS TO BE AT LEAST 2 BED ROOMS BETWEEN 600.00 TO750.00 A MONTH THEY HAVE A PUPPY AND A BIRD MY GRAND DAUGHTER GOES TO OSOLO SCHOOL THEY WOULD LIKE TO KEEP HER THERE MY DAUGHTER WAS RAISED IN THIS AREA AND WOULD LIKE TO STAY IN THE AREA . I KNOW OF A HOUSE AT 24900 BUDDY STREET THAT IS EMPTY BUT NOBODY CAN FIND OUT ANYTHING ABOUT IT . IT IS NOT LISTED FROM WHAT I HEAR .THANK YOU FOR YOUR TIME AND EFFORT IN THIS MATTER DIEBOLD87@AOL.COM ... more
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