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Lima : Real Estate Advice

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  • Local Info3
  • Home Buying10
  • Home Selling1
  • Market Conditions1

Activity 19
Kathy Burgre…, Home Owner in Westchester, NY
Fri Dec 9, 2016
Kathy Burgreen answered:
The listing is on Zillow (Zillow owns Trulia) and the phone #419-227-3522. According to Zillow's Price history tab, it was listed for sale by owner on 9/26/16 for $49,000. Current asking price is $44,000. I viewed the pictures. It's clean but it needs upgrades and renovations to modernize it. Basically the house is a throwback to the 1970's. ... more
0 votes 1 answer Share Flag
Jenniferglic…, Home Buyer in Zanesfield, OH
Mon Oct 31, 2016
Jenniferglick133 asked:
Debra (Debbi…, Real Estate Pro in Livingston, NJ
Wed Sep 16, 2015
Debra (Debbie) Rose answered:
Sorry, but you can't list as a fsbo on trulia - you can, however, list on Zillow.com
0 votes 1 answer Share Flag
Simon Campbe…, Real Estate Pro in Miami Beach, FL
Mon Jan 5, 2015
Simon Campbell answered:
To qualify for a traditional loan, you are going to need a minimum credit score in the 620 - 640 range though most require 680. USDA loans with a credit score of less than 580 are denied if you have been late on any payments. (Reference: http://www.rurdev.usda.gov/SupportDocuments/CA-SFH-GRHUnderwritingGuide.pdf)

There are other loan programs out there that may accept less. One of these is FHA. FHA's website states: "Minimum credit score requirements for FHA home loans depend on which FHA loan product the applicant needs. Generally speaking, to get maximum financing on typical new home purchases, applicants should have a credit score of 580 or better. Those with credit scores between 500 and 579 are, according the the FHA guidelines, 'limited to 90 percent LTV'." (Reference: http://www.fha.com/fha_article.cfm?id=200.)

FHA loans allow a down payment of only 3.5% but they also carry a large mortgage insurance premium on down payments that are less than 20%. The best answer, however, to your question is to actually head on down to a lender and get pre-qualified.
... more
0 votes 1 answer Share Flag
Rollin Gosney, Real Estate Pro in Youngstown, OH
Wed Dec 31, 2014
Rollin Gosney answered:
you can consider trying a land contract option to a well qualified buyer. Do not accept less then 10 % down or ten thousand dollars . Most will end up purchasing home once there capable normally in two years. You can put a balloon at two years to if they cannot purchase you get the $10k and put towards your mortgage etc. Any questions call me anytime !

Rollin Gosney
3302596974
... more
0 votes 4 answers Share Flag
Rollin Gosney, Real Estate Pro in Youngstown, OH
Wed Dec 31, 2014
Rollin Gosney answered:
yes there are many loan programs that will assist you. reach out to a local lender, and be sure to try and contact at least two to compare services ! good luck
0 votes 2 answers Share Flag
Tim Parker, Real Estate Pro in Lima, OH
Fri Sep 26, 2014
Tim Parker answered:
There are a lot of University's in Northern Ohio, from the look of your question you are probably asking about the University of Northwestern Ohio in Lima.
As a professional Realtor in Lima, I am very familiar with UNOH and would be happy to answer any particular question that you might have. ... more
0 votes 1 answer Share Flag
James Gordon…, Real Estate Pro in Hamilton, OH
Mon Sep 30, 2013
James Gordon ABR SFR SRS answered:
Your relocation company will normally have an agent that has already agreed to pay them for the privilege of working with you. You can use any agent that you want but they need to be registered with your relocation company and agree to pay their fees other wise it could affect your relocation benefits. ... more
0 votes 4 answers Share Flag
Anna M Brocco, Real Estate Pro in Williston Park, NY
Sun Sep 29, 2013
Anna M Brocco answered:
When it comes to any safety/crime related issues, it's always best to contact the local police department with all your questions, hear all there is to hear firsthand. If unfamiliar with the area(s) do revisit more than once and at different times of day, possibly chat with locals/neighbors. Real estate professionals are prohibited from steering, enticing a buyer to purchase/rent, or not, in specific neighborhoods.
http://www.neighborhoodscout.com/
https://www.crimereports.com/
http://www.homefair.com/
... more
1 vote 3 answers Share Flag
lisa quainta…, Real Estate Pro in lima, OH
Sun Sep 29, 2013
lisa quaintance answered:
Karmi it sounds like you just need someone to help you find the right lender. If you are not approved at this time you need to be working with a lender helping you step by step to correct any issues keeping you from obtaining financing. ... more
0 votes 6 answers Share Flag
limacampusco…, Home Buyer in Atlanta, GA
Sun Aug 18, 2013
limacampuscovai asked:
This question was asked from http://www.trulia.com/property/3105148443-1161-Bahama-Dr-Lima-OH-45801?ecampaign=con_day_propertystatus_bk&eurl=www.trulia.com%2Fproperty%2F3105148443-1161-…
0 votes 0 Answers Share Flag
Lawrie Lawre…, Real Estate Pro in Mooresville, NC
Wed Mar 14, 2012
Lawrie Lawrence answered:
Both previous answers are correct. You can also try to get in contact with the REO Dept of your local smaller banks and ask them how handles their work.
0 votes 3 answers Share Flag
Dawn M Arheit,  in Lima, OH
Tue Mar 13, 2012
Dawn M Arheit answered:
There are numerous banks in Lima that have the welcome homes funds. Our office has personally worked with the following banks with this program.The State Bank, Citizens National, First Federal, and Lima Superior. if you would like assistance or need more knowledge on these funds feel free to contact us and one of our Agents will personally assist you in the process. ... more
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Dawn M Arheit,  in Lima, OH
Tue Mar 13, 2012
Dawn M Arheit answered:
I would suggest that you visit your bank and ask a financial adviser to assist you. You may be surprised and be able to purchase a home now. There is no way of knowing unless you ask. If you do not have a local banker you trust please feel free to contact me and I will get you contact information for local bankers that will not only see if you qualify but also assist you in fixing any credit issues that are still on your credit. A good banker shouldn't just say yes or no to getting a loan but should assist you to get to the point of qualifying. ... more
0 votes 2 answers Share Flag
Dawn M Arheit,  in Lima, OH
Tue Mar 13, 2012
Dawn M Arheit answered:
We would be happy to assist you in finding any foreclosures in the area. Busy B Realty has been a Foreclosure listing Brokerage for HUD for over 5 years and all of our Agents have been fully trained in dealing with foreclosed homes. Please contact our office or call/ email me for a complete list of foreclosures in the area and to have one of our Agents personally assist you in the process. ... more
0 votes 2 answers Share Flag
James Gordon…, Real Estate Pro in Hamilton, OH
Sun May 2, 2010
James Gordon ABR SFR SRS answered:
Jillsy you need to talk to your agent about how to proceed on this one. On a normal transaction I know what I would recommend to my client, on a short I know what I would recommend to my clien and the 2 actions would not be the same. ... more
0 votes 5 answers Share Flag
Daryl & Brig…, Real Estate Pro in Garden City, KS
Sun May 2, 2010
Daryl & Briget Urban answered:
Hi Jill,

What sort of contingency are you talking about?? Contingent upon private home inspection? Then you decided not to have it inspected.. no not a breach. Contingent upon selling your home, and your home has not sold.. then that is not a breach. That is the reason you have a contingency in a contract, in case you cannot preform. It does not breach the contract it deems it null and void. Something else??? be more specific and maybe we can help. ... more
1 vote 2 answers Share Flag
Daryl & Brig…, Real Estate Pro in Garden City, KS
Sun May 2, 2010
Daryl & Briget Urban answered:
Yes, if the seller agrees to clean up debris but does not, then that is a breach of contract. You can refuse to close on the deal until the task is performed. If they simply refuse to perform.. then you have two options. 1. close on the deal anyway and clean it up yourself. ( you may be able to sue latter for your efforts... but really? would it be worth it?? consult an Attorney on that.) 2. You can void the contract for non performance and walk away. ... more
1 vote 2 answers Share Flag
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