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Price Rent Ratio All Locations : Nationwide Real Estate Advice

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  • Home Buying266K
  • Home Selling46K
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Activity 861
Showing results for Price Rent Ratio [Clear search]
Fri Jul 15, 2016
Ron Thomas answered:
The HOA is the villan, but you chose to replace your Agent?
(And people wonder why I am not high on HOA's!)
You can blame the high HOA fee, and you can blame your Agent; but it would be a sure-fire bet that you are asking too much for the Condo; or it would have sold. ... more
0 votes 18 answers Share Flag
Sat Feb 23, 2013
Kim Davis answered:
Call me... I will have two listings later this spring coming on the market in GVR. Buying is by far the smartest method in Denver. Rents are astronomical and mortgage payments with the still historical rates are very much in your favor. Let's talk.

Kim Davis
Broker/Owner
Re/Max of Cherry Creek Inc.
303.218.8373
FindYourSpace@me.com
www.FindingYourSpace.com
... more
0 votes 14 answers Share Flag
Mon Apr 22, 2013
Rafael Hernandez answered:
You first have to check the area for zoning restrictions, then check with the town to see what is allowed in that specific area. The more information you get on the town and restrictions beforehand can help save you a lot of money in the long run. ... more
0 votes 7 answers Share Flag
Sun Mar 10, 2013
Craig Chastain answered:
Some are legit and some are scams.... be careful!
Typically ones with a really low lease price is a good indicator of a scam.
0 votes 5 answers Share Flag
Wed Aug 21, 2013
Shawn Maglinger answered:
There are a few homes available that the seller's willing to do a contract sale. Contact me for more information. shawnmaglinger@fcte.com
0 votes 6 answers Share Flag
Sat Jul 20, 2013
Matt Mansfield answered:
You should get preapproved now. This will help you understand the loans available to you and what you cash out of pocked and monthly payment will be. Check out my site www.mansfielddenver.com and click on home loans. You can send in a prequal request and one of my lenders will contact you tomorrow morning. You can also search all the homes for sale, updated daily. Let me know what else I can do and when you want to start looking.

Matt
... more
0 votes 21 answers Share Flag
Wed Feb 13, 2013
David Hock answered:
The real question is the difference in Market for the two communities. All housing values in tax roles for the most part have gone down and when you have upper end property such as Murphy and 15 to 20% decline in property on tax roles is a lot! However it's simply across the board in all real estate. This is the first time in several years values have gone UP! Instead of just staying steady. Let's take the housing values in sales of the two towns Murphy and Wylie and their aveages from Aug 2012 to now according MLS.

Murphy
Number of home Sold 152 - ftage per home 3381 - List Price 296,793 - Sold $289,109 = $85 per ft 72 days on Market
Wylie Sold 340 - ftage per home 2004 - List Price 141,691 - Sold $138,798 = $69 per ft 60 days
on Market

Shows the differenc in Murphy and Wylie as to average price range and a greater number of homes in the Wylie Market were involved in the Foreclosure Market. The Wylie inventory at this point has greatly decreased as has Murphy's

One last set of numbers to give you some idea of just how hot the Murphy and Wylie areas are. The stats off MLS for Wylie Dec 2012 thru Feb 9th 2013 are.
Home Sold 96 thats 58 more homes in 1 qtr more than average of above 2012 number
List Price 170,829 - Sold $166,849 a change of 17% in average sales value
Average Per Ft. Price $73 per ft. 63 days on Market An increase fo $4 per ft.

If you in the market or going to be in the market shortly this should be your call to action!
... more
0 votes 4 answers Share Flag
Mon Feb 4, 2013
Alberto Baca answered:
Hi Ms. Hidalgo,

Very unlikely but possible to find a one bedroom condo or studio in some areas in Miami. If you'd like go to my website at www.MiamiSunRealEstate.com and begin searching there.

Regards,
Alberto Baca
The Keyes Company
... more
0 votes 9 answers Share Flag
Tue Feb 5, 2013
Valli Williams answered:
We can go up to 60% but what matters is residual income, after all bills are paid, the VA requires a certain amount per family size be left over: it's something you can google and I can also email you. It's not 42%, its per what the automated underwriter says and then guidelines per lender after that. For me, I can do 50% back end ratio down to a 530 FICO easily.

Contact me as soon as you have a chance,

Valli Lopez
Nmls 980530
619.916.9595 cell
Valli@thebrikhogroup.com
... more
0 votes 12 answers Share Flag
Fri Nov 1, 2013
Jerry Heard answered:
Peter,
I can understand your frustration, If you are working with a Realtor who really knows what you want they can guide you in the way to make the best offer quickly. Cash does not always make that big of a difference if the home is in sound shape and your offer is strong. Most of the homes being sold these days are financed.
Living far away is more of a problem than the cash buyers. Since many people are making offers you need to get your offer in right away. If it takes you several days to see the home, it may already be off of the market Your Realtor needs to sell you to the seller and their agent. It is not just a matter of sending the offer in.

Local Help with Your Real Estate Needs

Jerry Heard
Your Broker
The San Diego Property Shop
www.TheSanDiegoPropertyShop.com
jerry.sdps@cox.net
Direct 619-920-9796
Office 619-269-5545
Fax 619-269-9168
CA DRE # 00648687
... more
0 votes 56 answers Share Flag
Mon Dec 7, 2015
Ramona Miley answered:
In some areas you can check with the property management division of a Real Estate company or just check under Property Management for your area on line.
0 votes 29 answers Share Flag
Tue Mar 19, 2013
Michael Cheng answered:
There are a number of requirements. Sufficient downpayment, income, debt to income ratio, etc. You should discuss all of this with a local loan officer.
0 votes 3 answers Share Flag
Mon Apr 1, 2013
Dick Gaylord answered:
I'd be hapy to talk with you in detail regarding your questions> Richard Gaylord, RE/MAX Real Estate Specialists (562) 618-2113
0 votes 17 answers Share Flag
Tue Aug 18, 2015
Corneliu Olar answered:
FHA:

Short Sale:

3 years if delinquent at the time of the short sale

No waiting period if current on all debt at the time of the short sale

(Borrowers are not eligible for a new FHA mortgage if they pursued a short sale agreement on his or her principal residence simply to take advantage of declining market condition to purchase at a reduced price a similar or superior property or if their short sale was on an FHA mortgage)

Bankruptcy: 2 years with reestablished credit

Chapter 7: 2 years with reestablished credit

Foreclosure: 3 years with reestablished credit
... more
0 votes 23 answers Share Flag
Thu Jan 24, 2013
Bruce Lynn answered:
Potentially, but you will need to qualify for both loans..... you just want to explain the situation to your loan officer and see if your income qualifies for both homes.
0 votes 17 answers Share Flag
Tue Jan 15, 2013
Tim Moore answered:
You would go to a lender who can do that for you. There is more to the equation than income. Debts, history, and credit play into the answer and no one here could tell you.
0 votes 9 answers Share Flag
Sun Sep 22, 2013
Tim Moore answered:
No credit and bad credit are two totally different things. Your first step is not to post here but to go see and talk with a lender or loan officer at a bank. They can advise you.

To establish credit get a credit card and make payments on time, set up a credit account at a store and make payments on time. ... more
0 votes 7 answers Share Flag
Thu Jan 31, 2013
quboli answered:
BTW, it is a new home, 2500 sqf with 4 bedrooms and 2.5 bathroom. and it is also two story home with beautiful high ceiling.
0 votes 3 answers Share Flag
Wed Jan 16, 2013
Daniel Di Matteo answered:
Hi,
I'm so glad you are choosing to rent over buying. I honestly can't stand the thought of renting when you do the math. I'd love to get you going with your purchase and have helped many clients out of state. I can do most if not all of the details via email including contracts which can be securely signed electronically as well.
Feel free to give me a call so we can discuss it further.
Sincerely,
Daniel Di Matteo
CENTURY 21 Award
619-512-0006
... more
0 votes 21 answers Share Flag
Mon Jun 24, 2013
Bill J Deligiannis answered:
Keep in mind that when living in a condo you have to abide by the Rules and Regulations of the Association. You cannot do whatever you want since you are "living" with many others. Check the assessments and inquire as to if any special projects are being considered that might affect your assessments. ... more
0 votes 13 answers Share Flag
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