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Home Buying in Unionville : Real Estate Advice

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  • Home Buying1
  • Home Selling0
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Activity 4
Sivya Weis, Real Estate Pro in Hoboken, NJ
Wed Feb 5, 2014
Sivya Weis answered:
Agreed, every property will be different, and often the location can have a lot to do with that ratio. The best thing to do is to consult an experienced realtor in that area, and ask them to provide you with comps and advise on how to make your offer. Once you understand the true market value of the property, you can gauge how aggressive you want to be with your offer. Even if the sale is an exclusive, and your realtor cannot earn a commission for assisting you, they may be willing to help you anyways, as they will prefer to maintain a good relationship with you, and maybe you can refer a friend to them in the future. Best of luck with it! ... Sivya Weis . RE/MAX Gold Coast . (201)951-8306 . . ... more
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Tom Bashe, Real Estate Pro in Temecula, CA
Tue Jan 28, 2014
Tom Bashe answered:

Are you saying you bring in $720/mo with fixed income? I don't believe with that amount that you would qualify for a loan, as the loan amount would be so minute that lenders wouldn't even be interested in lending that low of an amount. Perhaps do you have any additional NON fixed income? A co-signor? I am sure there is a way, you will just have to get creative and think outside of the box. If this was helpful to you, please click BEST ANSWER & enjoy your day! Tom Bashe l Broker l SCA Real Estate l 951.547.0705 l ... more
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Dan Tabit, Real Estate Pro in Issaquah, WA
Tue Jan 28, 2014
Dan Tabit answered:
It's all about the math. With that income, you just don't have enough money to pay for much. If the bank allowed you to pay 40% of your income toward a mortgage, that would only be $288 per month. This wouldn't leave you enough to buy much in the way of food, clothes, repairs or maintenance on a home.
Home ownership isn't for everyone. If I knew more about your situation, I may have some other suggestions for you, but based on what you've said buying a home with your income wouldn't be a good idea.
... more
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Mandi, Home Owner in Shelbyville, TN
Wed Apr 18, 2012
Mandi answered:
well....something spooky definately happens when you try to buy it. Contract falls through on the seller's end one day after closing date! Booo!
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