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66062 : Real Estate Advice

  • All20
  • Local Info0
  • Home Buying13
  • Home Selling1
  • Market Conditions0

Activity 17
Fri Aug 21, 2015
D17biggs asked:
How do I get a current listing removed that I did not aded to Trulia? My Olathe house at 19024 W 163rd Court, Olathe Ks 66062 needs to be removed. I did not add this listing and the house…
0 votes 0 Answers Share Flag
Sun Apr 26, 2015
Randy Stoker answered:
Trulia does not support For Sale By Owner listings. All listings on Trulia are generated by the listing Real estate agent; Trulia scans the MLS data base and posts that information to their web site. If you have your home listed through a licensed Realtor then your listing should appear on Trulia within 72 hours after going live in the MLS system ... more
0 votes 9 answers Share Flag
Tue Jun 10, 2014
Heather Nichols answered:
I'd love to help you. Please feel free to contact me through my Trulia profile.
0 votes 7 answers Share Flag
Wed Jan 22, 2014
Marcia Kelly answered:
He Lee,

Are you a Realtor? If not, you might ask your agent to find better comparables for the appraiser. Appraisers perform appraisals by gathering the sales of properties similar to yours (same style, square footage, schools, etc.). They then adjust the market value of your home by adding monetary value for items your home possesses that the other homes don't & vice versa. Occasionally, houses similar to yours vary. For example, houses standing by a creek might not be available. So, the appraiser will use non-creekside comps & adjust for the difference in value.

I often find busy appraisers cannot find better comps than what a Realtor can. Many times, I've saved a sale by showing the appraiser better comps. Your Realtor may be able to find creekside ones that the appraiser has overlooked.

Marcia Kelly, CRS
Keller Williams, Topeka Area
(785) 249-3989
... more
0 votes 3 answers Share Flag
Wed Jan 22, 2014
Ken Schmidt answered:
Shelly and Christopher provided two very good explanations. You may also research the Kansas Brokerage Relationships in Real Estate Transactions Act, commonly referred to as BRRETA on the Kansas Real Estate Commission's website: Specifically, a, "broker engaged as a transaction broker is not an agent for either party."

In easier terms, and as previously mentioned, a transaction broker performs administration duties and does not represent either party. A transaction broker is required BY LAW to remain neutral and is prohibited from providing information and acting as an agent for either side. They may provide or facilitate the completion of forms but cannot interpret the information. This may only be performed by an agent or within the confines of an agency agreement. Good luck!
... more
0 votes 3 answers Share Flag
Wed Sep 11, 2013
Diane Roberts answered:
Hi Cydstrong;

Sorry I don't see any rentals in Palisades Park, please contact Char McCallum Real Estate at 913-782-8857, her agency has a home to rent near this area.
0 votes 1 answer Share Flag
Tue Jul 30, 2013
Lee Sappingfield answered:
0 votes 9 answers Share Flag
Fri Jun 28, 2013
Rich and Cheryl Steffen answered:
Howdy Lidy, ....Finally we are seeing some turn around from the 2 year Buyers Market we have experienced. With KC Home Inventories down to a 13 year low and loads of buyers out there, we are seeing multiple offers on homes and some homes selling within hours or days of being listed. That scenario speaks of more of a turning towards a Sellers Market. We are on the curve, or the turn from a Buyers to a Sellers Market to answer your questions. Sellers aren't nearly as desperate to sell their homes as they were even this time last year. Housing prices have show small increases but not nearly a full price recovery.

Keep those questions coming! Olathe is selling well and is considered the fastest growing city in the state of KS right now. Real Estate is booming there!

Yours Truly Lidy,
Cheryl Steffen
Keller William Diamond Partners Inc
Olathe KS
... more
0 votes 3 answers Share Flag
Mon Apr 22, 2013
Serena Mahlan answered:
I will be more than happy to assist you with this. Please call me at 913.579.6778.
Thank you - Serena Mahlan Reece & Nichols.
0 votes 10 answers Share Flag
Mon Mar 18, 2013
Janet Nation, CBR answered:
?? Why would you want to prepay PMI, what would the benefit be for you? I see none. I doubt if you can do that with any lender, it doesn't make sense. What you could do is add to the principal every month, or make bi weekly payments that would save you thousands of dollars in the long run if done consistently..

Janet Nation, CBR
Sailing Home Realty
Direct: 646-321-9649
Office: 516-377-4760
Licensed Real Estate Salesperson
... more
0 votes 3 answers Share Flag
Thu Jan 24, 2013
Joyce Cook answered:
Hopefully, he has a good Realtor who is experienced in Short Sales. The bank should waive the deficiency. There are also other great options for him if he wants to keep the house.
0 votes 2 answers Share Flag
Thu Aug 6, 2009
John Paul Ledesma answered:
With a conventional loan you have to pay PMI if you are putting down less than 20%. My bet advice is to find out what the underwriting requirements that were not meant; would a 720 credit score done the trick? If it is a direct lender take your business elsewhere if they can’t help you.
710 is still a good credit score, if you are working with a broker then they should be able to find a program that will meet your needs albeit the rate may be slightly higher.
Good luck shopping.

John Paul Ledesma
Coldwell Banker
... more
0 votes 2 answers Share Flag
Fri Jun 19, 2009
Jason Diperstein answered:
Hello E,

Every lender has different guidelines about when and how rates are locked. With the numerous changes taking place in the mortgage industry now, banks are scrambling to adapt their guidelines to cover the increased risk in the marketplace. Many direct lenders no longer allow locking of loans until packages are submitted to opening or underwriting, and some won't lock until after a clear-to-close has been given.

Here's the thing- what he should have done was lock the loan at the time and then pay for an extension (generally a .25 point cost) and notified you of what was happening. Most of the time (not all) when this happens it's not because of lock expiration issues, it's because the lender either can't get the rate quoted or a shorter lock time was paying them more on the back end.

If you signed RESPAs, they serve no purpose beyond recording for the lender that you understand the terms of the mortgage. It does not serve as a contract. Until you sign at closing the loan is not binding, and even then there's the right of review period.

Your L.O. should have notified you that he wasn't locking your loan at the time. Unfortunately there's not much more you can do about it. Try speaking with a supervisor and explaining the situation. Let them know in no uncertain terms that you plan on contacting the attorney general and the BBB if they are unwilling to deliver what they promised. There's no legal repercussions to what happened, but it may be enough to light a fire under them. Good luck!

Kind regards,

Jason Diperstein
E Mortgage Management
800.793.9633 ext. 156
... more
0 votes 1 answer Share Flag
Thu Apr 16, 2009
Pmi Victim asked:
Are there any lendors doing 80/15/5 loans in Texas? FHA loan is out of the question due to the 51% occupancy requirement. This is new construction and our purchase would make them 50%....HELP!!!!
0 votes 0 Answers Share Flag
Mon Sep 22, 2008
David Van Noy, Jr. answered:
Did you pick someone? I will be very interested in how you chose and what happened after your decision......
0 votes 10 answers Share Flag
Thu Jul 31, 2008
David Van Noy, Jr. answered:
It may be helpful to understand our definition of EXPIRED as well in regards to an "offer", it is The day on which a contract is no longer valid and, therefore, ceases to exist. This is the way that we hold people accountable to the "time is of the essence" concept

I hope everything works out well for you.....

David Van Noy Jr
(816) 536-SOLD
... more
0 votes 8 answers Share Flag
Tue Jul 22, 2008
Debt Free Dave answered:
Here are some first time home buyer articles;

There is no right way to buy a home. I think you just need to do what works for you. I would recommend getting your financing out of the way first. ... more
0 votes 13 answers Share Flag
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