Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

10705 : Real Estate Advice

  • All20
  • Local Info0
  • Home Buying11
  • Home Selling2
  • Market Conditions1

Activity 18
Mon Apr 17, 2017
Jennifer Okhovat answered:
Hello - As a real estate agent based in Los Angeles, CA, I highly recommend continuing showings until the Buyer has removed ALL contingencies. That includes all inspection contingencies, loan contingencies, and releasing their deposit to you (the Seller).

In this market, it is very common that you will end up with a legitimate backup offer. Your agent should explain the different scenarios to you, and the options you have when you receive a Back-up offer.

Jennifer Okhovat
jenniferokhovat.com
Instagram: @jennyohomes
... more
1 vote 52 answers Share Flag
Mon Aug 22, 2016
Atxaviermartin answered:
It is very hard to buy a house with a bad credit, because, lenders don't get trust on the borrower. If you contact with a loan consultancy (VALoansFinance.com), you have a big chance to buy a house with bad credit score. ... more
0 votes 1 answer Share Flag
Thu Jan 28, 2016
Sally Grenier answered:
Hard to say. There are so many variables in making an offer, and it's not always just about price. This is why you need to hire a Realtor as a Buyer's Agent. Nobody here knows what the market is like in your area, or how that house compares to other recent sold comps, etc.

A buyer's agent will be able to do a full market analysis to see how that home compares to others that have recently sold. It's possible that you're in a seller's market and homes are selling quickly, at full price or higher with multiple offers! Or on the other hand, maybe you're in a buyer's market and homes are sitting on the market for months, and end up selling at only 90-95% of list price. Who knows? We don't, but your agent will.

And there's more to an offer than just the price. There are many other terms of the contract that can be negotiated. Do you want the seller to pay your closing costs? Who pays for title insurance? When is your inspection deadline? Loan commitment deadline? Appraisal deadline?

Buying a home is a complicated process. You need a pro guiding the way.

Good luck!
... more
0 votes 1 answer Share Flag
Fri Jan 8, 2016
Kathy Burgreen answered:
My condolences for your loss. As for the co-op you have 2 options. One is you can pay for an appraisal. Just verify the appraiser lives or is knowledgeable with the area where the co-op is located and the appraiser has full access to the local MLS.
Your 2nd choice is to have 3 realtors from different brokerages and have them give a free CMA (Cumulative Market Analysis).
Beware, realtors are salespeople and they are only interested in getting a listing. However, they know sellers need to interview several realtors before signing any listing contract so this will be your excuse to get the free CMA. You have every right to tell these realtors "I am not ready to sign any broker agreements because I have an appointment (state date & time) with another realtor and I want to interview everybody before I commit to listing my co-op." The realtor will ask for the names of the other realtors. If asked this question, say "the names are none of your business and I will call you when I make a decision." At this point, say "Thank you" and show them the door. Before they leave, make sure you get to keep the sold & active listings. Don't let the realtors tell you the listings belong to them.

Once you have the CMA and/or appraisal, you will have a clear idea how much your late grandmother's co-op is worth.

I'm a retired realtor which is why I suggested the above method to get a free CMA. P.S. NEVER tell the realtors you are not hiring them or you just want the CMA. Realtors will not give you a free CMA unless they feel you will list with them. So make them feel you are interested BUT you want to see other realtors before signing. As long as you don't sign anything, you are in the clear. After you are finished interviewing, please call them back and explain you decided not to sell at this time and it was a family decision. You do not need to explain why or anything else. If they pressure you, tell them you will report them to their broker.
... more
1 vote 1 answer Share Flag
Tue Nov 24, 2015
Anna M Brocco answered:
You could consider trying to repair credit on your own, see links below for helpful information; you could also consider a visit with any licensed loan officer; after reviewing your information, he/she may have great suggestions.
www.experian.com/credit-education/improve-credit-score.html
www.myfico.com/crediteducation/improveyourscore.aspx
www.transunion.com/...credit/credit-issues-bad-credit.page
... more
2 votes 2 answers Share Flag
Wed Jan 14, 2015
Christopher Pagli answered:
Rent to own situations always benefit the seller. You as the buyer stand the chance of losing a lot of money if you don't purchase the home or the market changes. If you do decide to enter a rent to own agreement you should always have an attorney review it and guide you accordingly.

Chris
... more
0 votes 2 answers Share Flag
Tue Jan 6, 2015
Michael Abramsky answered:
Best advise I can give would be to focus on improving your credit score and buy a house when your credit score is up high enough.

For more info you can go to http://www.creditfirm.net

Good Luck
... more
0 votes 4 answers Share Flag
Sun Oct 26, 2014
Annette Lawrence answered:
IT IS A TRICK!

It the right month for a trick.

Now, if you are a serious home buyer, you would be well advised to avoid the tricks and treat yourself to serious tools provided to the FREE by any local REALTOR.

If you choose to use non-professional real estate sites, you have only yourself to blame when you get tricked.
... more
0 votes 4 answers Share Flag
Sat Sep 27, 2014
ebonycorzo914 asked:
Fri Jan 31, 2014
Barbara O'Connell answered:
Agents have access to SOLD MLS listings and can make them available to their clients. If you are interested in pricing a property and would like access to sold listings, please feel free to contact me.

Barbara O'Connell
Licensed Real Estate Salesperson NYS
Margot Bennett, Inc.
914-548-1628
boc0913@gmail.com
... more
0 votes 8 answers Share Flag
Mon Nov 11, 2013
Martina Ryan answered:
0 votes 5 answers Share Flag
Wed Mar 20, 2013
Gladys Viruet answered:
Check out this link:
http://www.yonkersny.gov/Index.aspx?page=1274
When you are ready to purchase a home...call me 914 589 2455
I specialize in Yonkers and am a school expert here as well.

I can search and keep you within a certain tax rate....
... more
0 votes 5 answers Share Flag
Wed Jan 11, 2012
Gladys Viruet answered:
If you are thinking of buying in Park Hill -Buy Now-! Prices are at an all time long although I see some prices creeping up slowly among the single family homes. Call a home specialist in Park Hill
914 589 2455
... more
1 vote 8 answers Share Flag
Sat May 21, 2011
Gladys Viruet answered:
It is a very divesrse area rich with multiculturalism and multilingualism. The area is near the waterfront of Yonkers and very convenient to transportation. If you need my help call me 914 589 2455

Gladys Viruet
Keller Williams Realty Sales Associate
Mobile: 914 589 2455
Fax: 914 713 3271
Office: 914 902 3277
Email: Gviruet7@aol.com
WEBSITE : http://westchesterpropertyspecialist.com
about.me/westchesterpropertyspecialist.com
PROFESSIONALISM AT ITS BEST!

2nd largest Realty in the country!

Find me on Facebook
... more
0 votes 3 answers Share Flag
Tue Jan 4, 2011
Anna M Brocco answered:
Consider consulting with an attorney and or your tax professional, either party can advise as to what's best for your specific situation....also consider consulting with any qualified loan officer(s) and see what is recommended. ... more
0 votes 1 answer Share Flag
Tue Jan 4, 2011
Dallas Texas answered:
In most instances YES pay yourself salary and YOU pay all the expenses for yourself, till you can qualify for a mortgage THEN YOU SHOULD BE ABLE to revert back how you were org. paid

Confer with CPA

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
... more
0 votes 4 answers Share Flag
Tue Jan 4, 2011
Sid Walker answered:
Short answer is yes, because I have. However, as mentioned many times, consult your attorney. Different states have different rules. Other concerns are financing and who will be occupying the property and for what what reason. ... more
0 votes 6 answers Share Flag
Fri Jul 2, 2010
Ginessa answered:
Hi! Everyone's advice and insight has been very helpful. Thank you!!
0 votes 6 answers Share Flag
Search Advice
Search

Followers

325