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07747 : Real Estate Advice

  • All32
  • Local Info2
  • Home Buying6
  • Home Selling8
  • Market Conditions0

Activity 24
Sat Feb 25, 2017
Tricia.warren asked:
I make sure the house looks great,grab my kid and dogs,and leave for the duration of the showing only to see on my cameras that nobody ever showed up!
0 votes 0 Answers Share Flag
Wed Dec 7, 2016
Angelica P answered:
Hi,

I am happy to help you get your listing posted on Trulia.

If you would like to post a rental on Trulia, you will be redirected to use our partner site, Zillow Rental Manager, to list your rental on Zillow, Trulia and other top sites. Please follow this link for instructions on how to post a rental listing:

http://www.trulia.com/post-rental/

If you have additional questions or have issues with posting your listing, please reply back to this email and I will be happy to help you.

Zillow Rental Manger Help:
https://zillowrentalmanager.zendesk.com/hc/en-us

For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

http://www.trulia.com/help/ask/


Thank you for using Trulia!

Angelica
Consumer Care Advocate
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0 votes 1 answer Share Flag
Sat Nov 19, 2016
Brklynnelson asked:
I just claimed a home and would like to hide the photos on listing. Maybe not delete in case i need them in the future. Would like to only hide. Thanks
0 votes 0 Answers Share Flag
Thu Mar 24, 2016
Seasons244 asked:
Mon Dec 14, 2015
Jeri Patrick answered:
Only licensed real estate agent can post for sale homes on Trulia. Best of luck
0 votes 1 answer Share Flag
Thu Oct 22, 2015
Tony Grech answered:
If that's the true FEE to refinance then that is excessive. FHA charges a 1.75% up front fee to do a loan so that should be about $5400 give or take. Then lender fees could be a couple thousand. And depending on how much your taxes and insurance are, you have to factor in escrows. Escrows are not a cost of doing the loan, although they do factor into settlement.

The more alarming factor is the time you've been on hold. No excuse for that whatsoever. You should immediately seek another lender to help you out. No reason any loan (even with repairs) should take any more than 45-60 days.

feel free to reach out and I'll see if I can help

Tony Grech
Sr. Mortgage Loan Originator – NMLS #977416
Luxury Mortgage Corp
29200 Northwestern Highway, Suite 300
Southfield, MI 48034
Mobile: 313-622-7383 | Direct: 248-714-4914 | Fax: 248-415-1522
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0 votes 2 answers Share Flag
Thu Jun 18, 2015
thinz answered:
Zillow is good, you could ask your favorite realtor to send you a list for past solds from the MLS, and you can also go to the following link from the Asbury Park Press to the Data Universes PAST SALES page. I've used this along with Zillow to prepare clients with successful tax appeals.
The link is: http://php.app.com/websr1a07/search.php

Hope this helps. Tom Hinz www.shortsaletosell.com
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0 votes 16 answers Share Flag
Tue May 26, 2015
Tim Creech answered:
I have seen it hurt much more often than help. You want the Buyer to feel comfortable and visualizing that they are in their future home not feeling like they are a guest in someone's home. Sellers have a way of trying too hard which also causes trouble. Funny story, had a seller that wanted to accompany my buyer and me around his home. Very friendly and tried to be very helpful, but unfortunately his pants were riding way to low and we got to see his "plumbers crack" throughout the tour which totally ruined the buyer's impressions of the home.

Now on a 2nd showing it might be helpful because the buyer has already gotten attached to the home and by then a seller might be able to answer more detailed questions the agent wouldn't know. It is still risky and if you decide to be there, be sure to pull up your pants!!

Hope that helps. Good luck.
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2 votes 27 answers Share Flag
Sat Feb 7, 2015
Jeanne Feenick answered:
Confused by your question - if you are an agent, it is actually your broker that has the listing and that information must be provided.
0 votes 1 answer Share Flag
Tue Jan 13, 2015
fosterkicks99 answered:
For posting on a site like Trulia, you will need a professional realtor. There are other ways like traditional signs and Craigslist, but those are not the most reliable things. I guess it really depends on where you want it advertised and how quickly you want it to sell. There is also the work involved with listing a house that you might not want to deal with directly.
http://www.century21north.com
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0 votes 2 answers Share Flag
Mon Sep 8, 2014
Ronald Shaffery answered:
Wed Jul 9, 2014
MRBADBOYRACING asked:
Sat Sep 7, 2013
Joel Lobb answered:
0 votes 6 answers Share Flag
Mon Aug 5, 2013
Brian Diehl answered:
Hello Lucy,

The seller's disclosure should have had some indication of the age of the furnace and hot water heater. A furnace can run several thousand dollars, but a water heater is not very expensive. I assume you like this property and that is how you got to this point. Is it worth losing this property over five or ten thousand dollars?

If the age of the furnace and water heater was disclosed and those are your only issues you may not be able to walk away without penalty. If there are structural issues or things you cannot see that are revealed by the inspection then you are reasonably entitled to expect some equitable adjustment.

You state that you are paying a "high price", but I am not sure if that means top-dollar based on comparable homes in the neighborhood or you are just buying an expensive house. If you are buying at the top end of your budget and you don't have any "wiggle room" in your budget going forward that is not the seller's problem. If you are paying top-dollar then you can reasonably expect some concessions by the seller, but your agent should negotiate with the listing agent on these issues before you just walk away.

Good Luck.
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1 vote 5 answers Share Flag
Mon Jul 29, 2013
Angela Geller answered:
Converting to gas from oil is quite common. Depending on how far the pipe for service needs to be brought to the house, the cost of converting could pay off in a short time. However! find out where the oil tank is. If it's underground, that will be an additional cost to have it removed or filled & certified. ... more
0 votes 5 answers Share Flag
Wed Jun 5, 2013
Annette Lawrence answered:
The outcome of this will depend on the LENDER you choose.
In many cases, the buyer and seller are held hostage by fiat appraisal that result from the use of out of area 'pool' appriasers. If the subject home is in a highly desired community with FEW sales, the resulting appriasl will be LOW!
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Did I mention it would be really low?
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The home owner may not wish to be ambushed by a predictiably low appriasal. Be aware, the purpose of these appriasals and the following underwriting process is to enable the LENDER to resell the mortgage.
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The VALUE of a home is determined by what a willing and able buyer and willing seller agree upon. The lender becomes a third party to the negotion who has alterior goals.
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Some lenders will allow you make make up the appraisal differnce with cash.
Other lenders will not allow a cash supplement and will deny the loan completely.
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This is why it is essential to discuss your financing and property pruchase with a real estate professional FIRST! We know who can close on time, under budget, and with the least drama. We know which communities are predictably ambushed by Fiat appraisals. We know what needs to be done to get you the home you want. If youj rely on the lender, you will experience disappointment 2 weeks before closing.
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Regarding your question, if you, the buyer were propertly vetted, you would have the capacity to supplement your downpayment to address any appriasal deficiency AND the lender will be known to accept such action and approve the loan. You would proceed with the sale at the NEGOTIATED sale price. It is unlikely the lender will increase the loaned amount above the appriased value.
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0 votes 10 answers Share Flag
Mon Jan 28, 2013
Paul Kimmel answered:
Hi Neupane,

There are some very good general contractors who can hire all the subs to do the work. Look on The BBB website for some input.

The purchase of a house that needs repair is often a catch-22 situation, because the bank won't lend the money to buy the house until the repairs are complete, and the repairs can't be done until the house has been purchased.

HUD's 203(k) program can help you with this quagmire and allow you to purchase or refinance a property plus include in the loan the cost of making the repairs and improvements. The FHA insured 203(k) loan is provided through approved mortgage lenders nationwide. It is available to persons wanting to occupy the home.
The down payment requirement for an owner-occupant (or a nonprofit organization or government agency) is approximately 3.5% of the acquisition and repair costs of the property.

The 203(k) loan includes the following steps:
A potential home buyer locates a fixer-upper and executes a sales contract after doing
a feasibility analysis of the property with theirreal estate professional. The contract should
state that the buyer is seeking a 203(k) loan and that the contract is contingent on loan
approval based on additional required repairs by the FHA or the lender.

The home buyer then selects an FHA-approved 203(k) lender and arranges for a detailed proposal showing the scope of work to be done, including a detailed cost estimate on each repair or improvement of the project.

The appraisal is performed to determine the value of the property after renovation.
If the borrower passes the lender's credit-worthiness test, the loan closes for an amount that will cover the purchase or refinance cost of the property, the remodeling costs and the allowable closing costs. The amount of the loan will also include a contingency reserve of 10% to 20% of the total remodeling costs and is used to cover any extra work not included in the original proposal.

At closing, the seller of the property is paid off and the remaining funds are put in an escrow account to pay for the repairs and improvements during the rehabilitation period.

The mortgage payments and remodeling begin after the loan closes. The borrower can decide to have up to six mortgage payments (PITI) put into the cost of rehabilitation if the property is not going to be occupied during construction, but it cannot exceed the length of time it is estimated to complete the rehab.
Escrow funds are released to the homeowner during construction through a series of draw requests for work that is completed. To ensure completion of the job, 10% of each draw is held back; this money is paid after the homeowner informs the lender that the work has been completed and after the lender determines there are no additional liens on the property.

Try this link for more detail

http://portal.hud.gov/hudportal/HUD?src=/program_offices/hou…

Hope this helps.

Paul Kimmel
Realtor Associate
DINEEN REALTY
3 Parlin Dr
Parlin, NJ 08859
Phone: 732-613-9300
Cell: 732-822-5310
kimmelproduction@yahoo.com
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0 votes 7 answers Share Flag
Mon Jan 28, 2013
Paul Kimmel answered:
Hi John,

You can even sell single bath homes in Aberdeen because some will settle for that. Others may decide if I can get a bargain price, I’ll add another bathroom down the road after I save for it.

One and a half bath is not what most families are looking for but there are plenty of buyers that can deal with it better than others because they may pay less for a home that has almost everything they want. Today any less than appealing feature equals money off the purchase price. That will attract budget conscious buyers and in today’s market I don’t know any other type of buyer.

Hope this helps you.
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0 votes 4 answers Share Flag
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