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Flushing : Real Estate Advice

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  • Local Info2
  • Home Buying5
  • Home Selling5
  • Market Conditions1

Activity 22
Wed Jul 12, 2017
Gerbergirl86 asked:
My son, signed a rent to own lease in a mobile home park. The lease says "as is". They did not mention that the furnace was red tagged by the utlity
0 votes 0 Answers Share Flag
Sun Nov 22, 2015
Jerry Schubert answered:
First of all I am a real estate associate, and auctioneer. The normal practice is to offer the home for sale with a 10 % buyers premium , that covers cost of the auction . Attorneys fees and advertising are additional . If I am the listing agent then an additional listing fee is attached, approx. $350 to $500.That's it. you should of had a reserve on the sale , say 30 % below market .If no sale then sell by conventional means . the average buyer , and sometimes investor will start the auction 50 % below market , taking into account their 10 % buyers premium . ... more
0 votes 5 answers Share Flag
Tue Jan 13, 2015
Simon Campbell answered:
Perhaps you should consider refinancing and paying off the HELOC. This would get the out of the picture and simplify the lending process. Talk to your loan officer and see if that is a possibility under HARP. ... more
0 votes 1 answer Share Flag
Fri Sep 27, 2013
Tony Grech answered:
Kathy is correct.

What I will add is in order to redeem the property, you are going to need enough money to meet the payoff figure. You won't be able to get a mortgage for any of this.

In addition, if you had any 2nd mortgages or equity loans on the property, you may have to settle those as well in order to be off the hook for any other liability.

If you are outside of the 6 month redemption period then you may be out of luck, however if it within that time frame then you have rights.

You may want to hire an attorney of your own to assist you with this process. Just so you have someone representing you on your side. It will cost some money, but this should ensure that you do it the proper way.

Good luck!
... more
1 vote 3 answers Share Flag
Sat Jul 13, 2013
Ron Lazarus answered:
We have a nice 3 1/2 bd. condo. 1850 sq ft. on small private lake. purchase or rent to own. ron
810-252-8318
0 votes 4 answers Share Flag
Sun Dec 2, 2012
Laurie Kominek answered:
Yes, If you would like a list of all the foreclosures in the Flushing area, or any other area, I can send them to you. Email me at Laurie@LaurieKominek.com. The sales prices of foreclosures have been increasing in the area, as the number of Bank Owned properties on the market have decreased. ... more
0 votes 1 answer Share Flag
Wed Nov 7, 2012
Andrew Wilkinson answered:
Hi there Elizebeth_Rose,

Unfortunately, Trulia does not deal in mobile homes and so we won't be the right people to ask.

However, I was able to do a quick Google Search and find MHVillage.com which should be helpful for you. Their search engine is not as sophisticated as ours, but you will be able to find the contact information for the mobile home park you're looking for. Then you can call them and ask them about the 1990 Shamrock you have your eye on.

Try looking here: http://www.mhvillage.com/Communities/MobileHomeParks.php?Zip=48433

Sorry we couldn't be more helpful and I wish you good luck with your search!

Andrew
Community Manager
Trulia Voices
... more
0 votes 1 answer Share Flag
Tue Jun 26, 2012
Chris & Michelle Spalding answered:
Local Amenities as it refers to the subject in Trulia can also be parks, recreation such as aquatic centers, amusement parks, museums etc. It is a subject header where you can search and try and get a feel for what a community has to offer. Specific subdivisions provide amenities as part of the HOA and many can be quite extensive and appeal to their intended demographic such as retirees or families.

Hope this helps!

Michelle Spalding
Realty ONE Group
... more
1 vote 2 answers Share Flag
Sun May 27, 2012
Randy & Carol Haney answered:
Especially if you are looking to purchase another home, now is the best time, why? Record low interest rates, low property taxes that will be capped for slower increase, availability of Bargain homes to repurchase and a substantially increased market currently due to listing inventory being down by over 30%. You couldn't pick a better time to purchase, unless you would have already purchased. There are not the bargains we saw between 2008 and 2011 now. The demand has gone up and homes are selling more now than they have in the last 6 years, only we haven't see much increase in values as of yet. I am constantly helping families get out of a home for as much as possible and finding a bargain home to improve their living situations substantially every week now. ... more
0 votes 6 answers Share Flag
Sun May 27, 2012
Randy & Carol Haney answered:
Having lived in Flushing, MI for over 20 years and having a real estate brokerage for 30 years, I guess I would be as qualifed as anyone to answer this question. To keep it short and to the point, all the suburbs surrounding Flint and Flint have more issues than the recent fall out of real estate prices. While states like Florida, Arizona, California and Florida were doubling the value of real estate between 2001 and 2006. This area (Genesee County) only held their prices with minimum increase if any. That is due in most part to the loss of Auto-manufacturing jobs. Unless we see jobs come back to Genesee County or at least to the surrounding counties real estate values will take centuries to come back to the peak of 2005. The other challenge is while the other states begin to improve, mortgage interest rates will go up, thus causing the homes to cost more, but it will be in terms of higher property taxes and increased interest before we see actual values climb substantially. I say this based on the idea that other parts of the country will improve first, thus the interest rates will go up prior to Flushing seeing any real value increases. The interest rates will increase cost same as if the prices were to go up. So without jobs being created all of Genesee County has a huge issue. The even more detailed answer would also include geographic consideration for all of Genesee County. Even before the fall out of values, the municipalities immediately to the north west and north east, as well as to the immediate east had all been suffering major economic challenges with no growth and no new homes being constructed, while other Genesee County Communities like Grand Blanc we booming with growth. So I believe Flushing is going to have a difficult time going forward with increasing values. It's discouraging, but there is definitely more going on that is affecting the real estate values in Flushing than just the same foreclosure issues around the country. ... more
0 votes 4 answers Share Flag
Mon Apr 16, 2012
Matt Rau answered:
MLS spec sheet shows 1858 Square Footage
0 votes 2 answers Share Flag
Mon Nov 14, 2011
Ron Thomas answered:
Remember History;
we didn't crawl out of the last "big one" until there was a push, a catalyst; a WAR.

We are already seeing some good signs; a lot of people are moving around, taking advantage of the good buys and investing.

Take an area like Pheonix; one of the hardest hit areas of the Country. We are seeing a lot of QUESTIONS from people moving down to Phoenix, buying the cheap houses; which is just what they need! They couldn't possibly recover without outside investment.
Florida too. And Las Vegas.
At one time, I though Fresno was in the worst shape of any city in the Country; far from it.

We have a lot going on, including next years Election.
Remember all the PEP songs we heard in the 30's and 40's?
We need that SPIRIT now.
... more
0 votes 10 answers Share Flag
Fri May 13, 2011
Karen Paytas answered:
You would have to contact the municipality where you want to live and see if it's allowed. There are alot of restrictions in regards to mobile homes.

Good Luck,

Karen Paytas, GRI, CMS
Realtor
Real Living Kee Realty
586-709-8465
kpaytas@mirealsource.com
... more
0 votes 1 answer Share Flag
Tue Sep 21, 2010
Jeanne Feenick answered:
Nothing in writing -- nothing binding in place. You should be fine but do suggest that if you have an attorney you run it by them as well for your own peace of mind.

Jeanne Feenick
Unwavering Commitment to Service
... more
0 votes 5 answers Share Flag
Sun Jun 13, 2010
Fox Pierce asked:
The street address is 2187 Disch St Flushing, MI 48433
0 votes 0 Answers Share Flag
Mon Sep 14, 2009
Rob Moen answered:
Hi Dailiah,

There have been 216 homes sold in the Flushing School District since the beginning of the year with the average time on market right around 4 months. The time on market is directly related to the condition and price of a home. I would be happy to schedule a time to sit down with you to put a marketing stratigy together with you and answer any other questions that you might have. If you would like to get together, give me a call or shoot me an e-mail.

Thanks,

Rob Moen
Associate Broker
American Associates, Inc.
rob@robmoen.com
810-691-0019
... more
0 votes 1 answer Share Flag
Tue Sep 9, 2008
Keith Sorem answered:
Debbie
My first vote would be for a financial planner. There are far too many questions and variables that are not directly related to the "real estate" question. Yours is more of a strategic financial planning question.

For example, it would seem to me that with the transaction costs being what they are, would it make sense to consider purchasing a duplex or a triplex to create some additional cash flow during your retirement years?

Good luck
Keith
... more
0 votes 5 answers Share Flag
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