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Meadville : Real Estate Advice

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  • Home Buying5
  • Home Selling0
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Activity 10
Wed Jan 10, 2018
Mike Smith asked:
I'm buying a home and we had some small things to put in place to pass final appraisal, some chipped paint, and needing a handrail. But the weather has been brutal as of late and closing…
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Mon Apr 6, 2015
bvg16406 answered:
I might be able to help you depending on your needs & ability to pay. Contact me at bvg16406@gmail.com
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Mon Apr 6, 2015
bvg16406 answered:
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Fri Mar 14, 2014
Jamie Familo answered:
You can look your property up on Trulia or other real estate websites to get a rough idea. To really get an accurate value you need to speak with a local Relator who can look at comparable sales then give you an assessment of what he or she thinks your house might sell for. What someone is willing to offer on your home has some affect on what it's worth so if your looking to refinance your loan then you want to take that in to consideration. ... more
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Thu Nov 8, 2012
Ron Thomas answered:
LISTING PRICE
Understand that the LISTING PRICE has one primary objective, to attract attention: It is not intended to be set in stone, and in many cases it is not even a good guideline toward the SELLING PRICE.
Some Sellers believe that by setting the LISTING PRICE high, they can always come down, and people will make an offer anyway: WRONG! Buyers will just bypass the property and look at houses that are within their price range. And six months from now, the Seller will slowly start lowering the PRICE, (this is called “chasing the curve”) and Buyers will be asking the question; “What’s wrong with that house?” and “Why has it been on the Market so long?”
Other Sellers set the LISTING PRICE low, to attract multiple offers. (The correct strategy.) We are asked; “Aren’t you obligated to sell at this price if someone offers it?” The answer is probably not; for that to happen, you would first have to have only one offer, and secondly, the offer would have be exactly the same, down to the smallest detail, (please discuss this with your Realtor).
Another thought; Buyer will search for potential properties by groups; for example, $400,000 to $450,000, and $250,000 to $300,000. If your house is priced at $460,000 or $310,000, the Buyers will never see it. (something else to discuss with your Agent.)
Different Banks have different philosophies about pricing their properties: You cannot draw any conclusions without a good analysis.
Have your Realtor do a CMA, (Comparative Market Analysis) to help you determine your Offering Price. It is the surest way to determine the Market Value of the property.

ps. I think you will find that most LISTING PRICES now include allowances for repairs; but you cannot count on that.
... more
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Wed Jan 4, 2012
Debby McCain answered:
Maybe Agchoice would be a better fit. Chris Fuller is a builder that we use at Coldwell Banker. Give me a call and we can talk. 814-795-7253
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Tue Jan 3, 2012
Christine Brown answered:
Each type of loan takes a different amount of time to process. The quickest is a conventional loan, but there are VA, USDA, and FHA that all have wonderful programs. USDA takes the longest but is a loan that requires no money down. FHA are the most common as it only requires 3.5% down. Call a local agent and have them help you. They are trained and are able to help you each step of the way and through all the loops that that come up. I would leave a 60 day window in your plans once you get a accepted offer. If it is USDA, your looking at closer to 90 days. ... more
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Tue Jan 3, 2012
Debby McCain answered:
Raif - Build your credit up. Pay cell phone bills, get a charge and pay off every month. I have a credit advisor that can tell you where you stand and can help you establish credit. Let me know if I can help further. ... more
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Thu May 26, 2011
Barry answered:
Your best luck would be FHA loan. With a good letter explaining what happen and a credit clean up
I could help Barry from Alabama.
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Thu Apr 23, 2009
Dana Schuster answered:
As Trulia does not list rentals,your best option is to contact a local agent who can assist you with this.
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