There are three deminions to this issue, and all will require an attorny.
Take action as soon as possible.
Your brothers plan will create greater hardship if allowed to result in eventual foreclosure.... more
Trulia usually grabs import listing data from the MLS, but usually takes 2 days to have the complete set of information, including photos. If the photos don't show up after 3 days, you can manually add them in under the listings tab on the top right corner of your trulia page.... more
When you talk to the Realtor(R), make sure you ask him/her about this very issue. Commissions are, by nature, negotiable. Getting your home sold for the right price and promptly is much more valuable than the amount you will be asked to shoulder for commissions.... more
Whoa. Red flags are waving all over on this. Can't get financing, but he is going to pay you? Quit claim and no legal ownership anymore? Even a Contract for Deed has risks; especially if he defaults. There might also be issues with implied tenancy and getting him out, if you decide to sell the home to someone else later. Call a real estate, and possibly an estate, attorney before doing, or signing, anything.... more
Always consult an attorney and an accountant when dealing with complicated estate and financial issues. There are several considerations, one is the imputed tax rate for the loan. The IRS has guidelines for this. Another are the consequences for not being current and going into default. These are just a few. We use attorneys to draw up every contract for deed. It is protection for the buyer and the seller. There are several experienced ones in the area and it is well-worth their fee, in my opinion.... more
Because the Government in all it's wisdom does not want you to be homeless, in case you get yourself in trouble. They are allowing you to keep the first $250,000 of equity in your primary residence. If you live in the Great Falls, MT area, the average list price is below that. As long as you make your current monthly morgage payments and are not in trouble with your lender, know one can place a lien on your house and try and take it away, but you must have a Homestead in place. That means on file at your local County Court House. Contact your Attorney for legal advise, I am not an Attorney and I do not profess to know all the legal ramifications of the Homestead Act. Please contact an Attorney for a more legal answer. A Title Company can also help you with filling a Homestead Deed on your property.... more
To know what to price a home at in todays market a good Realtor should do a Market Analysis of the property and surrounding properties which have been on the market in the last 6 to 12 month period. You have to compare Features to Features and Updates to Original decor. We have lots of tools to help come up with a solid price and a time period it might sell in. A good Agent knows the tools of the trade and can give you the advise you are looking for. I can walk into a home and tell you what you need to do to prepare it for the market and help with a marketing plan to give it the exposure it needs to sell.... more
Commissions are always NEGOTIABLE!!! There is a standard we all would like to get, but truth is, it is what you and the Real Estate Broker decided. What the Realtor will List it for and what the Seller will sell it for have to meet.... more
I would start by asking what year and size is the mobile home? Also, does it have a permenant, financeable foundation?
The other thing to understand would be that it is very hard to purchase land over 40 acres in size. Someone like NW Farm Credit Services may finance, but it would take quite a bit of a down payment I'm sure. I guess what I am saying it, the harder something is to finance, the less it is usually worth...... more
This is a very smart question! Well staged homes will sell faster and for a higher price than homes that don't accent the very best features.
I just wrote a blog about common staging mistakes. Check it out! Do you see any items in your home that might be a mistake? Dark colors, overstuffed, minimal curb appeal? If so... there are also tricks to help you get those items corrected.
If you are interested in selling and would like an in-home consultation about the current position of your home in the market and how to make it shine amongst the competition, I would love to help!... more