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Loveland : Real Estate Advice

  • All19
  • Local Info2
  • Home Buying1
  • Home Selling0
  • Market Conditions1

Activity 10
Wed Aug 23, 2017
Amy Speller answered:
I need to add to my question, I had excellent credit prior to filing score was 730, but then I got cancer and within one year my credit fell apart due to medical bills and missed work. So now of course, during my ch 13, I have had no credit cards and my score is around 522 I think. Can they look at my old credit when I apply for a loan, or is it off my credit report? also, are the discharged debts still on my credit report once the ch 13 is discharged, or are they on there permanently? thank you for any answers/ ... more
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Mon May 2, 2016
Sally Grenier answered:
Not sure what the market is like in your area, but if it's a super hot seller's market, it might take longer than normal to find a house and get your offer accepted. Once you do find the house and are under contract, the process takes about 45 days. (again, not sure what's normal for your area, if attorneys have to get involved, etc.).

I have buyers who have been looking for more than 6 months. (there's virtually nothing on the market in their price range -- $225K -- and when something does come on the market there are at least 15-20 other offers. First time buyers with the minimum down (3.5%) are getting beaten out by more qualified buyers who have more downpayment $, or cash investors. It's pretty rough. Hopefully market conditions are better where you are!

This summer or early fall would be a good time to start talking to some buyer's agents. They can also refer you to a local lender.

Good luck!
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Mon Oct 20, 2014
bmoates09 asked:
a 6-8 month rental accepting dog mix and cat while house hunting. Have two kids 5 and 2 and need a good school district as well, thanks!
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Tue Jun 3, 2014
Rikke Hensley answered:
This house is located in the Sycamore School District
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Fri Jun 21, 2013
Simon Amor answered:
As mentioned in several responses Zillow is not a good source of your home's value. The best is always going to be an appraiser who's company is based near your home's neighborhood so that they know the area. The worst is when an appraiser comes from a different part of town and doesn't know how to appraise your neighborhood. If you want more advice feel free to let me know. I am loan officer for the top lender in Cincinnati and would be happy to help. Thank you. ... more
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Thu Jun 6, 2013
Suzi Cree answered:
Are you looking only in Loveland
and if so does the condo need to be in the Loveland school district?

I can certainly help you in your search.
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Wed Apr 17, 2013
Hi Sarah,

I would also add some things that you might not have considered.

I'm sure you've heard this ole adage, you get what you pay for. Based on the quick search I performed I found it's either 1) a condo, unless condos are prevalent in an area I would pass OR 2) There are a bunch of repairs that will be needed because it's a foreclosure (not to say all foreclosed properties are in need of a lot of repairs).

Isn't cheaper. You've mentioned the monthly cost. Something you're not considering when you own real estate there are property taxes, insurance, mortgage insurance depending on the amount of your down payment (none if you put down 20% or more) and association dues. I'm not making any quotes. I am only using the figures from your original post: if rent is $400 and if you were able to obtain a loan for $180/mo. The $180 + $200 for taxes and insurance for Single Family Residence or for a Condominium you'd pay for the same taxes but the insurance you pay is an HomeOwner's Association Dues (which includes walls out insurance for the Association) and then you buy a H06 policy too, this covers the walls in and your contents/personal belongings the cost would be over the original $200 used solely for example purposes. All in total either way you're paying just as much as renting, if not more, in monthly cost.

I haven't even mentioned that with a landlord, they fix everything! If you own, you are the landlord. There is bound to be something that needs your attention.

So, while all of the other advice is great too, I wanted to provide something more towards how it would affect you financially if you did decide to move forward with buying.

I hope this helps.

I am a licensed mortgage loan officer in Ohio only. My licensing and contact information is in my profile.
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Fri Feb 8, 2013
Michael Cheng answered:
Try finding a local investment Realtor who works with property rehabbers. Some may already have their own teams but that's always a good source of work.
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Sun Feb 13, 2011
Sdlkfjlskdfj answered:
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Sat Jan 24, 2009
Bill Eckler answered:

And you rightfully should have questions......

Our recommendation is to seek the advice of a structural engineer. Insurance companies are notorious for cutting corners at your expense and often need to meet resistance to be able to come to their senses.

Good luck
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