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Youngstown : Real Estate Advice

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  • Home Buying0
  • Home Selling0
  • Market Conditions2

Activity 3
Tue May 20, 2014
Gary Hitchcock answered:
Hello if you are serious about buying in this seller’s market you'll need to find a good Realtor that can answer ALL your questions for this property and others. Go to the top of Trulia and click on Find An Agent, then input the city you are interested in. The top Realtors will appear, click on their profile AND read their recommendation letters. If a Realtor has been in business for a minimum 10 years and has lots of recommendations then I’d call and interview the top 3 that have that level of experience and success. ... more
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Mon Apr 1, 2013
Deb Cromer answered:
The most accurate way to answer this question would be by doing a CMA, comparative market analysis to see what has sold and what is currently on the market in that area. Whether you are buying or selling you can call and speak with a local Realtor to schedule to have them check into the value for you. Best of luck. ... more
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Wed Feb 2, 2011
Alma Kee answered:
MAtthew,

Is this a Pre-Foreclosure, Short Sale or has it already been foreclosed upon and is now owned by the bank?

If it's bank owned: What type of mortgage are you getting? If it is FHA the house must pass and "inspection". If the house clearly needs work (i.e. roof must have a minimum of 2 years of life on it, no mold, peeling paint even) that will prohibit an FHA mortgage then you probably will not be able to buy this house unless you get an FHA 203K fixer upper mortgage. Ask your lender about getting an FHA 203k mortgage and all of the details. A 203K will require 60 days to close so that may also prevent you from getting a contract on a bank-owned becuase they normally want it closed no later than 30 days. 30 days is not possible with a 203k

If it's a Short Sale then there could be a lot of things going on.... .
... more
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