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Fennville : Real Estate Advice

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  • Home Buying7
  • Home Selling0
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Activity 8
Wed Jan 27, 2016
Gregory Young answered:
Yes. http://www.MLSProvider.com the best source for selling your Michigan property on your own.
0 votes 4 answers Share Flag
Fri May 16, 2014
Derek Tunison answered:
It is usually situational, can go fast or slow. tI am a mortgage specialist in Michigan. if you haven't been approved for a lot yet, I would be happy to take a brief application with you and quote you a rate. If you are interested in getting Pre-Approval for a loan, please give me a call.

Thank you!

Derek Tunison
Sr. Loan Specialist
First Mortgage Corporation
41950 Hayes Rd
Clinton Twp, MI 48038
NMLS 162605
Cell: 586-306-8994
... more
0 votes 5 answers Share Flag
Sun Sep 1, 2013
Christopher Jordahl answered:
Speak with a local lender and see if the home would qualify for USDA financing. If you are a veteran you can also get a VA mortgage. Hope this helps.
0 votes 1 answer Share Flag
Tue Aug 20, 2013
Dan Tabit answered:
Dianne,
The down payment amount depends more on your application and credit than the type of home you buy. Foreclosures aren't always the best choice for someone on a limited budget either. Yes, they may sometimes be cheaper than another home, but that can be in part due to the fact you get no background on the house known as a seller's disclosure and the house often needs work.
Find a great local lender to talk to. You can apply and find out if you qualify for FHA, Conventional or USDA and if not, what you can do to qualify sooner. Best of luck.
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0 votes 2 answers Share Flag
Thu Feb 24, 2011
Bill Eckler answered:
Mia,

Agents don't make money unless they sell property. You can rest assure that they are basing their advice on the best information they have at the present time. Your agent has likely been advised of the status of the transaction by the listing agent. Again, if the listing agent felt an additional increased offer was appropriate, wouldn't they welcome it.....if accepted, it would generate a larger commission!

Take the advice of your agent....and move on!

Bill
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0 votes 2 answers Share Flag
Thu Feb 24, 2011
Joseph Finnerty answered:
Hi Mia,

If the home seller already accepted the offer there isn't anything you can do.

It sounds like your agent reached out to the listing agent and found out that the property had an offer on it and the seller had agreed to the terms. The property was going to be placed Under Agreement.

At this point, the seller would have had to hold off on the other offer to see what your offer was. Maybe it would be better, maybe it would be worse.

If I was working for the seller and the offer was pretty decent, I would be hesitant to introduce another buyer into the picture. The home seller could end up with no buyers as an effort is made to play them off each other for a better offer. Potential buyers will walk away from a home that already has an offer on it. "I'm not going to pay more money just because someone else wants it" is commonly heard.

If the deal with buyer 1 falls apart, you may have the opportunity to purchase the property. As advised by the other agents, you can always place a backup offer.

In this situation, I would want to know why it fell apart. Maybe a major problem with the home was found that the sellers wouldn't fix...etc. It could be something that would also keep you from wanting to purchase the home.

Best of luck.

Regards,

Joe Finnerty
484-241-1641
Long & Foster Real Estate, Inc
Lehigh Valley, PA
610-865-7776
... more
0 votes 3 answers Share Flag
Tue Nov 10, 2009
Vicky Ball answered:
I would check to see if there are any local real estate offices in the area and check out their websites. One thing about checking with a local realtor is that they would be able to search all the listings from every office in the area and would be able to send you an email with a link to all listings available with land contract terms. Also you could look at Realtor.com and see if there are any properties you like and then call to see if that property is available with land contract terms. ... more
0 votes 1 answer Share Flag
Fri Sep 28, 2007
Marc Blasi answered:
Hello Guillermo-
You MIGHT be able to get financing, but if your credit is really as bad as you think it is, the terms would probably be horrible. I would suggest straightening up your credit situation first: paying down high balances, clearing up any discrepancies, etc. That will help your credit quite a bit - and give you time to save some money towards a bigger down payment.
Good Luck with your new job!
... more
1 vote 8 answers Share Flag
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