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Home Buying in Johnson County : Real Estate Advice

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  • Home Buying2
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Activity 52
Bencferg, Home Buyer in Greenwood, IN
Sun Jun 12, 2016
Bencferg asked:
This question was asked from this property:
0 votes 0 Answers Share Flag
Karen Peyton, Real Estate Pro in Chandler, AZ
Thu Mar 3, 2016
Karen Peyton answered:
From a lender's perspective, bankruptcy and foreclosure are serious financial mistakes. They want higher interest rates because "history" says you are a tremendous risk. For risk, they want reward. It's really that simple.

Two years from the finalization of the last event - bankruptcy or foreclosure is the time to speak with a lender about a mortgage. Hopefully by then you'll have something put away for a down payment. If you can't pay less, you will have to earn more.

For now the question is, what you have done to re-establish your credit? If nothing, I suggest beginning a dialogue with a lender "now" to find out how to increase your credit scores.

Good luck!
... more
0 votes 1 answer Share Flag
Karen Peyton, Real Estate Pro in Chandler, AZ
Sat Oct 17, 2015
Karen Peyton answered:
With "not so hot" credit and inability to document income, the only way to purchase a home is cash.
If you don't have it and family/friends cannot help, you will need to do three things...document your income through bank deposits, improve your credit by paying "on time - every time," and save money for your down payment and closing costs if you haven't already done so.

You will be able to buy. Just not today.

Best of luck to you!

... more
1 vote 1 answer Share Flag
Sherri Ander…, Home Buyer in Shelbyville, IN
Thu Jul 23, 2015
Sherri Anderson answered:
0 votes 1 answer Share Flag
Ruth and Per…, Real Estate Pro in Los Gatos, CA
Thu Jul 16, 2015
Ruth and Perry Mistry answered:
Start with your bank and ask to speak to a mortgage advisor.

First go to and get your credit report.

get your last 2 months bank statements, as well as tax returns for last 2 years, and 2 pay stubs.

Good luck
... more
0 votes 2 answers Share Flag
Josh N Janet…, Home Buyer in New York, NY
Tue Aug 12, 2014
Josh N Janet Turner asked:
Kirsten Well…, Real Estate Pro in Atlanta, GA
Fri Apr 25, 2014
Kirsten Wellborn answered:
Yes fha will be you're best bet. I am not familiar with your area, but usda may be another option and usually better than fha if available.
0 votes 1 answer Share Flag
Teresa Gorton, Real Estate Pro in Indianapolis, IN
Fri Mar 28, 2014
Teresa Gorton answered:
On the purchase agreement there should be a statement that says the property must appraise for the purchase price, and if it does not appraise for the purchase price then there needs to be a renegotiation. If that clause is not written in there, and the builder is not going to renegotiate the price, you will have to lose the EM or pay the difference. Did you have a real estate broker represent you when you made your purchase agreement? 317-439-8583 ... more
0 votes 4 answers Share Flag
Mallorie Wil…, Real Estate Pro in Indianapolis, IN
Tue Feb 11, 2014
Mallorie Wilson answered:

How soon do you think you'll have your credit card bills paid off? Are you concerned with your debt/income ratios? Good payment history will help your credit score. If you're worried about your income/debt you may want to wait to purchase your car. How soon are you thinking you'll want to buy? If your a ways out, it might not be a bad way to establish credit.

Mallorie Wilson
Sales Manager
Associate Broker
Century 21 Diversified
317-590-3434 direct
... more
0 votes 9 answers Share Flag
Douglas Thom…, Real Estate Pro in Greenwood, IN
Mon Feb 10, 2014
Douglas Thompson answered:
Please contact a Realtor to help you.
0 votes 1 answer Share Flag
My NC Homes…, Real Estate Pro in Chapel Hill, NC
Thu Jan 30, 2014
My NC Homes Team answered:
In order to get a mortgage you need three things: Income - you have that covered, Assets - cash on hand to put down on whatever you're buying, and Credit. Without a credit scored you are not going to be able to get a loan. That said you may have a credit score. Have you been paying a cell phone bill, utility bills, a car note, student loans? All of these go towards your credit score. If you really have no credit score than you need to start building one up. I've attached a link below that you may find of interest. ... more
0 votes 9 answers Share Flag
Dave Cloutier,  in Beaverton, OR
Tue Jan 14, 2014
Dave Cloutier answered:
0 votes 2 answers Share Flag
Tina Smith, Real Estate Pro in Indianapolis, IN
Fri Nov 15, 2013
Tina Smith answered:
Hi Kayla,
Homes on the water in Nineveh Indiana have shown to sell at a higher price than those located off of the water. Lake homes are somewhat limited in Indianapolis so owning a Lake home can be a great investment. When searching for a home on the water you want to keep many factors in mind such as depth of water, location on the lake itself. I tell all of my clients to walk down to the waters edge and look at the location first before they even go into the home. We can change a house, but you can't change the location on the water. ... more
1 vote 4 answers Share Flag
Nick Woodring, Real Estate Pro in Greenwood, IN
Tue Aug 27, 2013
Nick Woodring answered:
The home was on the market for 100 days with a final sales price of $38,000.
0 votes 2 answers Share Flag
Joe Farley, Real Estate Pro in Greenwood, IN
Wed Aug 21, 2013
Joe Farley answered:
The home has now been foreclosed on and will be on the market as soon as the lender lists it with a broker. I am very familiar with the property and it needs a good deal of work. It may represent a good opportunity for the right buyer who is able to do some work. If you need some guidance and professional help, feel free to contact me for more details. Best wishes,

Joe Farley, Broker Associate
Tomorrow Realty
... more
0 votes 3 answers Share Flag
Mike Watkins,  in Greenwood, IN
Tue Aug 20, 2013
Mike Watkins answered:
Sharon Mould…, Real Estate Pro in Greenwood, IN
Tue Jul 23, 2013
Sharon Moulder answered:
Some agents will put that info in the listing if they know the seller is willing to do that. I would be glad to check for you if you will contact me and give me the home criteria you are looking for. My cell is 317-345-5898, Sharon Moulder, Tomorrow Realty Inc. ... more
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