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Home Buying in Lake County : Real Estate Advice

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  • Local Info2
  • Home Buying8
  • Home Selling2
  • Market Conditions1

Activity 319
Mon Aug 14, 2017
Alysse Musgrave answered:
I have yet to see a house that was cheap enough or special enough to justify the risk and aggravation involved with buying a foreclosure or short sale. There are plenty of dumpy homes that you can buy directly from the seller, not the bank. I suggest you buy one of those instead.

Buying a Home? Don't Let Them Make a Monkey Out of You! Follow the link below.


Alysse Musgrave
Consumer Advocate/
Exclusive Buyer Broker
(214) 734-3863
Alysse@HelpUBuyAmerica.com
http://HelpUBuyAmerica.com


Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You!
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Fri Jul 21, 2017
Kathy Burgreen answered:
You need to learn how lenders treat workers who receive a 1099 vs. workers who receive a W2. There is a HUGE difference.

W2 employees - their income is fixed / consistent and easily verified by computer so lenders just need 1 month of pay stubs before the closing date and to get a pre approval, they just need a letter from the employer. This applies to hourly workers IF their hourly rate is fixed.

1099 or self employment - your income is NOT easily verified by computer. This means your income varies, is commission based, you are self employed, you work on a per rate basis, etc. Lenders require 2 years employment because they need to average an annual income based on your income from the past 2 years. Since you only worked 1 year, you need to work another year before looking to buy a home.

By the way congrats on your good credit score. Since you have to work another year, try to improve your score to above 700. Also use this next year to save more money for the down payment and closing costs.
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Tue May 30, 2017
Jy60048 asked:
Redfin search result includes houses under contract and shows them with "contingent" status. Zilow has a check box to including houses in "pending" status. Does Trulia…
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Mon May 1, 2017
Jos Ley answered:
Mon May 1, 2017
barelyliterate answered:
From Florida Building Code Section 202:

BEDROOM. A room that can be used for sleeping and that:
For site-built dwellings has a minimum of 70 square feet of conditioned space;
For manufactured homes is constructed according to the standards of the United States Department of Housing and Urban Development and has a minimum of 50 square feet of floor area;
Is located along an exterior wall;
Has a closet and a door or an entrance where a door could be reasonable installed; and
Has an emergency means of escape and rescue opening to the outside in accordance with the Florida Building Code.
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Fri Apr 14, 2017
Dianna Sobek answered:
You only get one shot to impress potential buyers. Curb appeal is essential when selling a home.

Landscaping is the first thing that buyers see. Keep up with small details like regular lawn maintenance such as mowing, weeding, watering, and edging the driveway and sidewalks. Add new mulch, it's a fast and affordable way to accent your home.

The front door is a focal point. Freshen up the paint with a bold, bright color to make it pop. Add a new entry door lockset for a final touch.

New exterior light fixtures give a home an updated look. While you are at it, replace house numbers.

Don't forget about adding a decorative mailbox.

If your home lacks curb appeal, many prospective buyers will reject it without looking further.
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Wed Mar 15, 2017
Truered911 answered:
Something just wasn't right with this situation. Called the realtor on the sign and he really seemed like he didn't want to show me this house. Told us that there were a stack of offers on this property said that it needed cash or rehab loan only because of condition. Pictures on the MLS Just happened to omit a picture of the furnace 21 pictures and yes we saw the water heater and softner they would have had to crop the furnace out of the picture or stand angled between them and still avoided catching the furnace in the pics. Told that day at 2:30 we had to submit highest and best by end of business we offered full list price apparently were outbid by a conventional offer not rehab. The morning after the MLS was withdrawn taken off the market and the pricing history was completely gone as if the property had never been listed. Contacted the Seller a Bank and asked them what was going on they also seemed confused told me that they had not been contacted by the "Winning Bidder" and didn't know what was going on. Has anyone experienced anything like this. ... more
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Thu Feb 23, 2017
Christina Feeney answered:
Hi Paul!
I can help you look for available homes in Grayslake. Please contact me at your earliest convenience.
Christina Feeney
847-636-0372
Christina.feeney@cbexchange.com
0 votes 1 answer Share Flag
Thu Oct 6, 2016
Sally Grenier answered:
Yes! You'll need to sit down with a good local lender who can review all of your financial info to see what you'll need to do in order to qualify. As your Realtor for a referral. You may have to pay down, or pay off some of your debts. ... more
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Sat Jul 30, 2016
charlesg1996 asked:
I would like to buy a building. It would be cheaper than storage
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Thu Jul 7, 2016
Ahwfloors asked:
I have made huge strides to rehabilitate and have rented a home at $2,025.00 per month for 2 straight years now without missing a payment. I am close to a payment plan to start working on…
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Tue Jun 21, 2016
UpNest Top Realtors answered:
We started UpNest (http://www.upnest.com) to help you compare top agents that compete to earn your business. Since agents compete for you, they offer their very best rates and services. You'll also get to "comparison shop" like you do for all the other things you usually pay for. It's free and there's no risk to try us out, Good luck! Our agents also offer buyer rebates which you can learn more about here: http://www.upnest.com ... more
0 votes 31 answers Share Flag
Thu Jun 16, 2016
June Buerkle answered:
If you are renting from a large company ... your lease probably has a clause for early departure. Or the company may have a policy that is outside the lease, ask the property manager.


Usually, you would be looking at maybe a one month vacancy fee and possibly a forfeiture of deposit (depending on state laws of how deposit can be withheld)

If the complex or company has a waiting list ... it shouldn't be bad at all. If a hard to rent location, they may seek more compensation.

Just because you can Buy in September doesn't mean you should up and move immediately .... keep saving money and wait for a great deal. November and December are great times to buy a house. (Lower market activity in winter months usually leads to less competition and lower prices.)
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Thu Jun 16, 2016
Jacque Star asked:
I have not yet been pre-approved for a loan . I want to know with excellent credit score how possible would it be to be approved for a loan when you have a mortgage?
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