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Home Selling in Fairfield : Real Estate Advice

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  • Home Buying2
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Activity 4
Ronald Catron, Other/Just Looking in Slidell, LA
Thu Sep 3, 2015
Ronald Catron asked:
Will the realtor's appraisal of my house's value be based only on "comps". How can value be determined comparing apples to apples to a custom built home?
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Anna M Brocco, Real Estate Pro in Williston Park, NY
Tue Apr 28, 2015
Anna M Brocco answered:
If you are a for sale by owner the post is not allowed; if and when you do list with a broker, ask your agent to post the listing, or consider any flat fee realty company that feeds into the site.... ... more
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James Gordon…, Real Estate Pro in Hamilton, OH
Tue Aug 6, 2013
James Gordon ABR SFR SRS answered:
Jt a short sale is a black mark on your credit but under current credit scoring it is not as bad as as a bankruptcy. Under current lending cenditions you also qualify to purchase a home again quicker after a short sale than after a bankruptcy. I list homes under lender referral for short salesand have prevented 2 forclosures year so far. One of those forclosures the seller was getting ready to file bankruptcy and he saved that on his credit also. Ohio is a deficiency state and the lender does have the right to look for means to recover the shortage on a forclosure. On a short sale they mark the debt as satisfied and wash off what is owed.

Caution if the short sale is on investment property there may be large tax implications. If you are considering a short sale now is the time to get started because the Bush era tax forgivness program s coming to an end this year andif not extended would cause people to owe income tax on the shortage to the lender.
... more
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James Gordon…, Real Estate Pro in Hamilton, OH
Tue Apr 7, 2009
James Gordon ABR SFR SRS answered:
In Ohio Realtors® can only list mobile homes if they are on seller owned land. Mobile homes in parks on leased land fall under the department of motor vehicles.
Depending where you are in Butler County you may have a good shot at getting it sold. You need to check around and see who will finance the Mobile as not all lenders will touch them. That way you can have a list of lenders to give to prospective buyers. If you make it easy on the buyer it makes the sale more likely to close. ... more
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