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11572 : Real Estate Advice

  • All15
  • Local Info0
  • Home Buying8
  • Home Selling2
  • Market Conditions0

Activity 14
Mon Jan 30, 2017
Shane Milne answered:
Hi Agmwoodworking,

You could purchase this with conventional or FHA financing, as both allow a family member to co-sign on the mortgage and be add more qualifying income. We help people out in this situation quite often. Feel free to contact me.

Shane Milne | Lending in all 50 states | NMLS #81195
shane@thebesthomeloans.com | 949-322-3616 direct
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0 votes 1 answer Share Flag
Thu Jan 19, 2017
Alan May answered:
You can try. The problem is making sure that the Realtors KNOW about your open house. Normally, when we run a Broker's Open... we publish the dates/times in the MLS, so all the agents see it.

Make sure you take flyers to local agencies, to make sure agents know about your Broker's Open. (Don't go too early... we don't have a long attention span)... if normal Broker's Tours are on Tuesdays in your area... make sure the flyers are there on the Sunday prior.

You may want to offer "finger-food" (donut holes, danish, bottled water... that sort of thing)

Now... assuming you're successful... what are you going to do... hire an agent based on their personality at the open?? Just because someone dressed nicely, or spoke to you kindly, or complimented your decorating does not make them the "right" agent to list your home.
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0 votes 2 answers Share Flag
Thu Mar 3, 2016
Ben Link answered:
I don't even understand your question.
Did the sale close?
If so, did you get a mortgage?
If you did, you got title insurance.

The title insurance will probably absolve you of any responsibility of previous liens, but I am not a legal expert. Contact the title insurance company. The mortgage lender would not allow the transaction to close without a clear title - clear of any liens on title. ... more
0 votes 10 answers Share Flag
Thu Jul 23, 2015
John Roberts answered:
I am a landlord and no agent has ever asked to see my deed or proof I own the place I am renting
0 votes 3 answers Share Flag
Thu Mar 20, 2014
Oleg Volfman answered:
Hello Henrietta.

Do you need help in using www.lirealtor.com? Does your office have MLS?

Just curious why a real estate agent would ask how to look for property on Trulia? I hope you have an exclusive buyer's agreement for that.

Good Luck.

Oleg Volfman, CBR, RSSP
Lic. RE Agent, Office Manager
Quick Deal Realty, Inc
www.quickdealrealty.com
Office 516-599-5559
Mobile 917-685-0489
ovolfman@gmail.com
... more
0 votes 2 answers Share Flag
Sun Nov 24, 2013
Brenda Feria answered:
That is a good question. My guess is that the seller has no idea how difficult it is to set up an appointment to see the property they have entrusted him/her to sell. That being said, you would think that they would want a sale and the only way to do that is to allo it to be shown! it is a frustrating situation for everyone involved. ... more
0 votes 18 answers Share Flag
Tue Sep 24, 2013
Laura Feghali answered:
Hi Jim,
You can change your password yourself in your profile. Hover your mouse over your name in the upper right corner of the screen and a drop down menu will appear with a tab "Profile". Click the edit button on the left and a new window appears to edit your profile which includes a tab to change your password.

Hope that helps!

Laura Feghali
Prudential Connecticut Realty
An Affiliate of Berkshire Hathaway HomeServices of New England
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0 votes 2 answers Share Flag
Sat Aug 17, 2013
Gerry McLoughlin answered:
Hi Regina
Check out my fsbo tips. I have a network of really good agents if you need a free referral. Best Wishes, Gerry
http://www.youtube.com/watch?v=AAOVoR7LFvY&sns=em
0 votes 11 answers Share Flag
Mon Aug 5, 2013
John Roberts answered:
Did the ad say Legal Two Family? Do you have anywhere in writing it is a Legal Two family.

Half the two families in LI are not conforming, are mother daughters etc.
0 votes 7 answers Share Flag
Tue Jul 9, 2013
John Roberts answered:
It is called Oceanside for a reason.

Oceanside is completely rebuilt as of July 2013 and values are back at pre-sandy values. There were some very good values to be had from Jan 2013 till like May 2013. I hoped you nabbed a bargain.

Most owners did extras while they had walls down and homes look better.

For instance I gutter my lower level and while I was at it moved walls and added upgrades I never would have done. Oceanside is not like Long Beach very few rental homes and vacation homes mainly primary residences. Folks either had flood insurance or got 31,900 payout from FEMA, it is zone AE so no homes had to be raised.

Oceanside is a HUGE value, great schools and great commute and low taxes and NEW inexpensive homes. My home is much better than pre-sandy. BUY BUY BUY
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0 votes 4 answers Share Flag
Tue Jun 19, 2012
John Williams answered:
Good morning Louise,

First thing first, you wouldn’t do a home inspection prior to the owner accepting your offer, because you would be sending money on home inspection without knowing if the owner “will” accept your offer.

So, first you get an accepted offer, then do your inspection, and then if there were no major issues to be discussed after the home inspection, you would proceed to formal contracts.

Now as far as your deposit goes, (down payment for formal contacts), that is negotiable.

Generally speaking, it would be somewhere between $10,000.00 and $25,000.00 up to about $500,000.00 purchase.

This is due to the fact that in a cash purchase, there IS NOT a mortgage contingency in the formal contracts, this means you WILL NOT get your deposit moneys back if you do not close on the sale - discuss this with your Realtor and attorney, they will advise you as well.

I don’t know if you have chosen a Realtor to work with as of yet, but make sure that they can answer these questions before you work with them and also be sure to chose an attorney who specializes in Real Estate transactions.

If you like, I could refer a couple excellent Real Estate attorneys to you.

As for Realtors, there is only ONE Realtor I would refer to you, LoL!

I hope this info was helpful to you and good luck!!
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0 votes 3 answers Share Flag
Wed Feb 8, 2012
Gregory Verity answered:
Bank owned properties / REO (real estate owned) properties can be usually be bought at or below market value, thus being a good buy. Some of these properties are renovated as the banks understand that this will enhance the timeline of the sale. However, it is not the norm and you should be prepared to do renovations on your own. Still they are very much worth looking into. The second part of your question is regarding condo verse two family purchase. Apples and oranges, my friend. The risk factor with the two family home is that your mortgage payment does not change when your apartment goes vacant. You must be able to carry the payment even if the unit remains empty for several months. The condo is more of a care free lifestyle with a turn key effect. The square footage for the two family apartment and a condo might even be the same depending on the buildings. Both are "real property" with real ownership qualities. Happy House Hunting! ... more
0 votes 11 answers Share Flag
Mon Apr 12, 2010
John Ford answered:
Lets answer the question as it was asked. You do not have to buy a Landlords policy as apposed to buying an Owner's policy however a Landlords policy will cover you for different things like loss of rent. It does not cover your tenant’s positions but does cover yours. As an investor/Broker myself I have several rental properties and I have chosen to go with the Landlords policy because of the coverage. I will tell you there was a time a few years back where I evicted a tenant and after they were gone I had around $10,000 in damage. My landlord’s policy covered it in full as well as the loss of rent. I will tell you this It was less expensive that the same amount of coverage in a homeowners policy at that time. Its well worth talking to your insurance agent to see what your the options are.

John Ford
Manager/Trainer
Century 21 Prevete
Hicksville Branch
... more
0 votes 4 answers Share Flag
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