Other agents mentioned this and I agree, it is only that the owner or in this case the bank who know what amount will they accept.
However, if you work with a qualified, well informed and knowledgeable Realtor he or she will guide you through the process.
It is a great deal of work, planning and strategy.
Current Market Analysis - You and your agent will review all similar homes that have sold recently and for how much in the immediate area.
â€¢ Most recent market trends must be analyzed as well - for this specific area and what influences one can predict - new business, new development and suchâ€¦
â€¢ Your Realtor will connect you with a local, capable and experienced mortgage professional to make sure that you can get the best deal if your purchase is not a â€œcash purchase. â€œ
â€¢ Your Realtor should also introduce you to a contractor who will give you an estimate of time and material needed for this project if you are not a contractor yourself.
â€¢ This particular property is not going to meet code in many ways, so in order for this property to be occupied, you will need to consider this as well, ( time, effort and finances) - how long can you continue to pay fees and taxes without being able to have it occupied.
â€¢ So, it is not just a financial decision it is also a â€œlifestyle decisionâ€. The good news is that there are many professional people available to you. Most are available at very little or no cost. You are not alone.
Let me know if I can be of any assistance now or in the future: http://www.brankadoych.prudentialfoxroach.com