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How To Buy A Home Without A Realtor All Locations : Nationwide Real Estate Advice

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Showing results for How To Buy A Home Without A Realtor [Clear search]
Ron Thomas, Real Estate Pro in Fresno, CA
Sat Jan 24, 2015
Ron Thomas answered:
0 votes 14 answers Share Flag
Scott Godzyk, Real Estate Pro in Manchester, NH
Fri Apr 12, 2013
Scott Godzyk answered:
You should meet with a local and trusted lender to get prequalified. It will depend on how your short sale was reported, if you were behind in your mortgage or even with any other bills. Most mortgages want to see 2-3 years after of clean credit but there are variables only a loan officer can answer after looking at your credit and financials. ... more
0 votes 11 answers Share Flag
Jim Olive, Real Estate Pro in Key West, FL
Fri Apr 12, 2013
Jim Olive answered:
An excellent question for your Realtor. It depends largely on the inspection clause of your contract. Many contracts allow you to void the contract without penalty for ANY reason ("at the sole discretion of the buyer"). What does yours say?
A problem like that, found during inspection, can be an good bargaining tool, and here's how that might work: You are concerned about the grade and the cost you will incur to correct it. If the seller is unwilling to share or cover that cost, you will be unable to afford the home and will need to void your contract and walk away. The seller wants to sell. If s/he is concerned there won't be other buyers ready, willing and able to step in where you left off, they will be invested in keeping the contract alive. In that case they will work with you.
Another possible outcome is the seller will say "okay, the grade may be low and the drainage may be bad, but we've never had a problem with it".
Work with your Realtor and navigate this cirmcumstance to the mutual satisfaction of you and the sellers. Best of luck with your home purchase...
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0 votes 8 answers Share Flag
Luke Constan…, Real Estate Pro in Brooklyn, NY
Thu Nov 17, 2016
Luke Constantino answered:
Good morning Antonio,

The average price for a brownstone in Bed stuy has recently went over the million dollar mark, It very hard to find any for less. As for the return on your investment, that would depend on the amount of money you spend, to the amount being brought in, to the cap rate.

My best advice to you is to speak to a mortgage broker, raise more capital and keep your credit exceptional. The mortgage rates are starting to go up and the majority of upper Brooklyn is being outpriced to the average buyer.

I suggest looking for other venues in the Brooklyn area based on the 250K you have to work with... Give me a call anytime.

Luke Constantino
Keller Willams Real Estate
Direct: (212) 300-3919
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0 votes 7 answers Share Flag
Jessica Edwa…, Real Estate Pro in Glendale, AZ
Sat Jul 20, 2013
Jessica Edwards answered:
Hmmm that does sound interesting. Without personally talking to your lender I would not be able to answer that. I have dealt with this before with the preferred lender that I have been using for years and he has never requested this of a client that was in the same situation. I would recommend either letting me talk to your lender to help you get to the bottom of this and/or get a second opinion from a preferred lender that comes highly recommended and is trustworthy. I can supply you with the preferred that I use, just let me know. By the way, it doesn't hurt you to get a second opinion. Let me know how you would like for me to help. ... more
0 votes 13 answers Share Flag
Kate Paris, Real Estate Pro in Ocala, FL
Sun Jan 26, 2014
Kate Paris answered:

I can help you with the purchase of your second home. Give me a call or send me an email with your desired location, home size and time frame.

407-230-7807 or

Kate Paris, Realtor
Charles Rutenberg Realty
1900 Summit Tower Blvd.
Suite 220
Orlando, FL 32810
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0 votes 16 answers Share Flag
Robert  Thom…, Real Estate Pro in Portsmouth, VA
Thu Apr 11, 2013
Robert Thompson answered:
Yes there are. I do not recomend rent to own programs. Please give me a call at 757-403-5401. Thanks Bob
0 votes 4 answers Share Flag
Tim Burroughs, Real Estate Pro in Boise, ID
Mon Jan 9, 2017
Tim Burroughs answered:
I'm not sure which subdivision you are referring to. If you could could clarify, I can answer your question better. Some subdivisions have annual rates, like the one I live in which charges $407 per year. In our case they cover the irrigation water. We have large amounts of common area to be mowed, watered and trimmed.

Other subdivision charge monthly, but they cover exterior maintenance of the home and yards.

HOA fees can be a good thing, if there is coverage for items to make the subdivision more desirable, thereby increasing the likelihood of the sale of your home in the future probable.

Some subdivisions also have community swimming pools.
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0 votes 22 answers Share Flag
Travis Jacks…, Real Estate Pro in Campbell, CA
Thu Apr 11, 2013
Travis Jackson answered:
If a Realtor told you they were going to "kick you ***" I would defiantly report them to the DRE. Did they make threats before or after you used them to purchase a house?

Travis Jackson
Century 21 M & M Associates
DRE# 01879566
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0 votes 5 answers Share Flag
Louis Urbina,  in Miami, FL
Wed May 28, 2014
Louis Urbina answered:
It should be 3 years after all the proceedings were finalized. But it also only effects whoever was on the mortgage, so for example if your wife was not on it she would be able to buy. But no worries, millions and millions of people are in the same situation. You'll be able to buy in no time!

Louis Urbina
Real Estate Consultant for EWM
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0 votes 13 answers Share Flag
Jim Mitchell, Real Estate Pro in Tempe, AZ
Tue Jan 21, 2014
Jim Mitchell answered:
Hello cnlmiller. Congratulations on working with a lender before you start searching for a home!

You've put yourself one step closer to purchasing and owning a home!

Some buyers want to immediately start looking for a home without knowing the exact amount of a new mortgage they can qualify for and end up getting disappointed when they finally do get around to talking to a lender. By doing this up-front, you can set realistic expectations and eliminate homes that are outside of your price range and focus only on the homes that you can afford. This saves a TON of time and ENERGY.

Back to your question...the biggest difference in these areas would simply be the location in relation to the rest of the Valley.

Maricopa is appx. 22 miles from Phoenix while the San Tan Valley/Queen Creek area is appx. 35 miles from Phoenix.

Both areas offer some shopping (Maricopa is a bit limited on retail but has some restaurants, supermarkets, etc) but the Queen Creek/San Tan Valley area boasts a fairly new hospital called Banner Ironwood Medical Center that is minutes from most residential communities in that area. The nearest hospital to Maricopa would likely be in Chandler which is at least 20-25 minutes away.

Also, both areas offer newer communities/subdivisions (most being built after 1998) and newer schools.

As for transportation, getting in and out of both Maricopa and San Tan Valley/Queen Creek is a bit limited. HWY 347 is the best bet to travel to and from Maricopa. while US60 to Ironwood RD is the top option for driving from metro Phoenix/Mesa (and the rest of the Valley) to get into San Tan Valley/Queen Creek.

Any one that lives in either area will tell you...there WILL be traffic in the peak times (morning and evening). Expect some average to long delays during those times, but that's not much different than the rest of the Valley.

Homes in either area typically range from $110,000 to $160,000 for a single-family, 3bed/2bath/1500 sq-ft home in a subdivision of other similar homes. Of course, most of these communities also have a homeowner's association (HOA) which comes with certain rules that must be adhered to.

At this time, there are 336 homes listed as 'ACTIVE' on our MLS in Maricopa that are at least 3bedroom/2bathroom/1500 sq-ft. They range from $100,000 up to $789,000. Here's the link to those 336 homes:,12,1

The same search in San Tan Valley/Queen Creek pulls up 419 homes that are 'Active' ; they range from $105,000 up to $1,900,000.
Here's that link:,12,1

Here are some market statistics from Queen Creek:

And from San Tan Valley:

You can see that sales have increased since the first of the year while active listings have declined a bit. The Avg-Price-Sq/FT has also increased during that same time period.

Sales in Maricopa have also increased since JAN 1st as available inventory has declined. There's also been an increase in the Avg-Price-Sq/FT.

Here's the same market data for Maricopa:

I would also ask your lender to check the latest USDA map to ensure that ALL of Maricopa and San Tan Valley are still included in the USDA program. There has been talk of the program borders being 're-written' over the past few months; also have him/her check the availability of funds. I know they get depleted from time to time and it takes weeks or sometimes months for them to replenish the fund.

If for some reason you cannot utilize a USDA loan, there is a fantastic grant program for Pinal County that will grant you up to 3% of the purchase price to use toward an FHA down payment OR your closing costs. It's a grant and does NOT need to be repaid. I can send you information about this program if you like; there are income/credit and debt-ratio limits that must be adhered to, but the program is open to buyers who purchase ANY type of home (bank-owned/REO, short-sale, HUD or REGULAR sale).

Feel free to contact me directly with any questions you may have. I've worked in both areas extensively over the past four years and I'm quite familiar with the specific subdivisions and surrounding areas.

*Keep in mind...there is NO fee to use the services of a 'buyers agent' to assist you in finding a home. That fee (commission) is paid by the SELLER, not YOU, the BUYER. The only costs you'll incur are things such as: loan fees that your lender charges to process your loan, title-escrow fees at closing, inspection fees, HOA fees, etc.

Thanks for the question! You'll love Arizona and all it has to offer!

Jim Mitchell
Realty ONE Group
PH: 480.231.6769
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0 votes 7 answers Share Flag
Voices Member,  in Phoenix, AZ
Tue Oct 29, 2013
Voices Member answered:
hi jsmith... as a licensed realtor, this question would be out of my league. however, because i pick my loan officer's brain, have purchased 3 homes in my lifetime and am savvy with bk's, foreclosures & modifications, i can say this:

you have to wait a minimum of 3 years to buy from the date of your last bk, foreclosure. i'm pretty much saying the same thing as lowell sterling (the broker before me).

now... you will have to re-establish your credit and that i can help you with. i am a licensed nfcc-certified credit counselor (and also a licensed hud-certified housing counselor) and i did have to re-establish my credit to purchase real estate after 2 foreclosures from 2008/ 2009.

call me if you're interested in what i have to say.

sammy hernandez, realtor
clients first realty, llc
(602) 622.0703 c.
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0 votes 9 answers Share Flag
Terrell Pete…, Real Estate Pro in Saint Louis, MO
Mon Dec 15, 2014
Terrell Peterson answered:
Lon Mapes, Real Estate Pro in Redlands, CA
Thu Sep 19, 2013
Lon Mapes answered:
That's a question that's hard to answer in a blog. I'd recommend you find a Realtor you're comfortable with, go meet them in person and discuss the entire process of buying a home.
0 votes 13 answers Share Flag
Sinead McAll…, Real Estate Pro in Oceanside, CA
Thu Jul 25, 2013
Sinead McAllister answered:
Hi Emiley,
I can refer an excellent lender to you. Message me directly and I will email you her contact info.

Sinead McAllister-Clifford
Real Estate Broker/ Realtor®

McAllister Homes Real Estate
Residential Sales & Property Management
License 01366009
858-205-5215 CELL EMAIL
... more
0 votes 26 answers Share Flag
Keith Jean-P…, Real Estate Pro in East Brunswick, NJ
Wed Aug 14, 2013
Keith Jean-Pierre answered:
Brand new program came out last week:
0 votes 9 answers Share Flag
Christopher…, Real Estate Pro in Tarrytown, NY
Thu Apr 18, 2013
Christopher Pagli answered:
You don't need more then one agent. What you should do is make offers based on the past 6 months comps and what you truly feel it's worth based on other similar homes you have viewed. Bidding wars are rampant in my area this spring so it could just be that there are other more attractive offers or maybe your offer isn't strong enough. I would have a conversation with your agent to discuss your concern.

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0 votes 21 answers Share Flag
Heather Paul, Real Estate Pro in Santa Monica, CA
Tue Jan 19, 2016
Heather Paul answered:
Hello, first and foremost you should be asking your Realtor these questions. They should be the one providing you with all these many questions. Also try contacting the Los Angeles County Rent Control Board, they can answer most of your questions too.

This website should help you also:

Have a great day,
Heather Paul, Broker Associate
Coldwell Banker
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0 votes 13 answers Share Flag
Elena Talis,  in Palo Alto, CA
Wed Apr 24, 2013
Elena Talis answered:
It depends on the lease. If she is in a middle of a year lease you should talk to her and find out on which conditions she will agree to move. It is much easier if she is on month-to-month. ... more
0 votes 8 answers Share Flag
David Henry, Real Estate Pro in Asheville, NC
Wed Apr 10, 2013
David Henry answered:
As I'm sure you might expect, it depends! Home values vary greatly in our area depending on location, quality of construction, acreage and of course mountain views. For example, I have two homes under contract, both of which are 3 bed, 2 bath, similar square footage. The price is over $100,000 apart due to the previously mentioned characteristics. Our terrain is not conducive to large tract built communities like you may find in AZ or in FL. So web sites that give you estimates of value are typically way off base in our area, homes in close proximity can sell for very different prices.

My suggestion would be select a realtor, establish a relationship, and begin the process of finding the type of property you are looking for. This will help you understand our local market and get a much better idea of price you can expect for a particular type of home.

And one last thing, an indicator of where our market seems to be heading: The last three offers I wrote for buyers were all in competition with multiple offers!
... more
0 votes 4 answers Share Flag
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