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Upper Arlington : Real Estate Advice

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  • Home Buying1
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Activity 5
Sat Apr 23, 2011
tom roberts answered:
Bill let me check it,since close to me.would be hard to rent w/o gargage,huh they should of disclosed that ,seller is using his gargage,or you wouldnt of called them,right?
0 votes 3 answers Share Flag
Tue Oct 26, 2010
Tammy Hayes answered:
Buying a Short Sale

Buying a short sale is not like buying a property in a traditional way. A short sale may have some risk but it also can be very rewarding. When you are searching for a short sale you will want to make sure you are prepared. Here are some things you will need to consider.

First of all, you need to make sure that you have enough time. It takes anywhere from 30 days to 6 months or even more to get an answer on a short sale. It really depends on many factors. The bank may come back with a counteroffer or reject your offer completely. In some instances you may not even hear back from the bank at all.

Short sales take a long time because the bank has to review it and they are back logged with many short sales and don't have enough coverage to complete them in a timely manner. The bank typically is willing to work with the seller and buyer on short sales to help avoid foreclosure.

One of the benefits of buying a short sale is that the bank is typically willing to accept less money for the property because of the time and risk involved. So you generally are getting the home at below market value.

If you have the time to wait, a short sale is a good way to go. One thing to be sure to ask when purchasing a short sale is, "who is handling it?" Is the Realtor an experienced short sale expert? Or is the listing agent using a Short Sale company that strictly focuses on short sales? By having someone with knowledge and expertise in short sales, it will make the process go much smoother and faster.

Tammy Hayes, Realtor, Sandals Realty, Punta Gorda, FL
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Fri Aug 27, 2010
James Deskins answered:
Hey Mr. or Mrs. Seller, if you'll give me the MLS # I'll take a look at the listing and give you me 2 cents. BTW, I don't list houses, I'm an Exclusive Buyer's Broker, so I'm not trying to get your listing. Let me know if I can tell you if there is something that stands out. I can't give you an indication of value since you have an agent but I can give you and idea of why it may it may not be selling.

Good luck.

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Thu Aug 19, 2010
Kira Kirk, ABR, GRI, ePRO, ASP answered:

Maybe a bit late...but: There is a lot of mis-information listed below. It is listed with my company. It is now at $414,900. It is right near Jones Middle School and down a few blocks from Barrington. (I went to both). I was just showing this house several times this week. It is not off the market at all. They are very motivated to sell. ... more
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Thu Jul 16, 2009
Brittany Simonelli answered:

$15,600 dollars in rent is alot to spend over the next year. That is equal to buying a $165,000 property and paying $3,000 in taxes per year. You can do that in a nice condo in Arlington or small home north of Lane.

There is first time home buyer down payment assistance available as well as up to $8,000 in tax credit. Is there something keeping you from buying a home?
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