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Do Property Taxes Go Down All Locations : Nationwide Real Estate Advice

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Showing results for Do Property Taxes Go Down [Clear search]
Fri Mar 22, 2013
Tim Moore answered:
Your lender will decide if you need PMI or MIP which are the mortgage insurances for FHA and Conventional loans. It is all a matter of how much down payment you put down. These are questions for the loan officer you should be talking with as step #1 in the buying process. ... more
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Wed Mar 13, 2013
Tim Moore answered:
Sun Feb 16, 2014
Ron Thomas answered:
I don't think you know what you are asking:
The ESCROW company collects the funds from parties, and holds it as a third party, until the Escrow closes.
They also handle all the paperwork.
Probably, things are a little different for ya'll in N.J., with Attorneys.
The Escrow Company is usually also the TITLE company; which does the title search, looks for LIENS, and dispenses TITLE INSURACE to cover you.
In any case, the BANK is not the recipient.

Be sure to get your GFE from the Lender, and your HUD1 from the Title Company.
... more
0 votes 7 answers Share Flag
Sun Mar 17, 2013
allan erps,ABR,SFR answered:
And how much more will it cost you to stay(mortgage payments, taxes, insurance, maintenance, etc.) to get you another 1-5% which is not guaranteed?
0 votes 11 answers Share Flag
Thu Mar 9, 2017
Caroline Harabedian answered:
It really depends on what kind of house you're looking at. I would consult with a contractor, not an agent, but estimates can be between $120 - $250/square foot in my experience. Are you looking for any special fixer uppers? I can help you find something that is worth remodeling, rather than building from ground up. Let me know if you're interested.


__________________________
Sincerely,
Caroline Harabedian
Realtor
RE-Search Concept
8700 Reseda Blvd., Suite 213-B
Northridge, California 91324
(818) 967-9626 mobile
(818) 979-0226 fax
www.HomesByCaroline.net
... more
0 votes 12 answers Share Flag
Thu Apr 4, 2013
Ron Thomas answered:
Schools are really only one of the considerations; you need help making up your mind:
Turn to Ben Franklin.
Here devised the Ben Franklin Balance Sheet.
Take a table and make two columns; Lafayette and Pleasant Hill.
Put down every reason you can think of for either.
Find out about Water Rates, Property Taxes, Eateries, as well as Schools.
The longer list wins.
I vote for Pleasant Hill because it's got a Tahoe Joe's.
... more
0 votes 9 answers Share Flag
Sat Mar 16, 2013
Derek Bauer answered:
Great question! When I purchased my first home nearly 15 years ago, I was not in real estate and my agent never explained any of this to me. For that reason, I go over it in sometimes probably painstaking detail with my 1st time buyers ... and even some repeat buyers don't know some of the specifics.

Property taxes are a function of taxable value applied to the appropriate millage rate. Millage rates vary by municipality and school district. You can run through some hypotheticals at the link below.

Once you purchase the property, it becomes, "uncapped," meaning it can be adjusted to whatever the taxing authority feels it should be per their formulas. There are boards that meet twice per year where you can appeal that value and need to do so by presenting a solid case of non-distressed, nearby sales. Once it becomes, "uncapped," and adjusts to its new value, it can only increase the rate of inflation as deemed by the state, or 5% each year, whichever is less. Many people are actually now in a position where their homes are worth more then they are being taxed on given the swing in the market in SE Michigan.

In your example, it is impossible to say what it would become as the uncapping allows the government to do as they please. One can reasonably estimate, but not provide you a guarantee.

If you would like specific input, feel free to contact me.

Thanks and enjoy your weekend.
... more
0 votes 7 answers Share Flag
Fri Apr 26, 2013
Jessica Tracy answered:
You can go online at http://portal.hud.gov/hudportal/HUD?src=/buying/loans and click on the FHA Lender list to find a mortgage broker in your area. I would also check to see if any local banks or mortgage brokers are holding classes for first time home buyers. The classes noramally have mortgage brokers there to answer any of your questions, plus Realtor, attorneys, home inspectors, and insurance agents to discuss the home buying process. Good luck with your first home! ... more
0 votes 14 answers Share Flag
Tue Nov 4, 2014
Ron Thomas answered:
As many as it takes to match most of your parameters.
Up to you.
0 votes 45 answers Share Flag
Wed Jul 22, 2015
Thierry Abel answered:
You just need a minimum of 10% equity to refinance and get rid of your PMI.

Thierry

Thierry Abel
Senior Loan Consultant
All California Mortgage
A Division of APMC
P: (415) 464-8261
C: (415) 378-7508
F: (415) 464-2367
E: tabel@allcalifornia.com
NMLS 304353 - DRE 01380701
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Mon Mar 25, 2013
Kevin Sechelski answered:
Things could have changed since you have lived here. Maybe go month-to-month renting while you are searching for a place to live. This way you don't have to break a lease if you find the perfect situation. Let me know if you need help!

Kevin Sechelski

House Hunting Houston

832.545.5503

contact@househuntinghouston.com
... more
0 votes 11 answers Share Flag
Fri Mar 22, 2013
Keith Jean-Pierre answered:
Typically if split correctly, a 7% commission will make you look more desirable than the competition. Ethically a real estate agent is not supposed to look at commission first when deciding what to show a client, but people are people and it happens sometimes. With a 3.5% offering, you look VERY intriguing to ALL agents. The proper split should be giving out 3.5% to buyers agent and sellers agent keeping 3.5%. I hope this answers your question. Just ask what the split is before you sign the contract. Here in NJ it is BOLD on our contracts so you can not miss it, but I am not sure how it is in Florida. Best of luck! ... more
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Tue Aug 20, 2013
Rhonda Holt answered:
Hello one of colleagues has a two family on east 94th simply give me a call or email me.
0 votes 8 answers Share Flag
Thu Jun 13, 2013
Tommy Burris answered:
How long have you been overseas? Do you maintain U.S. credit?
What will you be doing when you get back?
Will you have the same line of work lined of here?

Tom Burris
Mortgage Banker
http://www.servicefirstmckinney.com/
(214) 763-4629 cell/text/nights/weekends(Really!!)
tburris@servicefirstmtg.com
Lending all across the entire Great State of Texas!!
NMLS# 335055
Search Dallas area MLS for FREE. No registration => http://www.ntreisinnovia.net/cgi-ntr/BR_login?0501134
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0 votes 16 answers Share Flag
Sun Mar 17, 2013
Andrew Tisellano answered:
Hi

If you are making an offer to purchase, you do not need any proof to make the offer. once accepted the bank will require an appraisal. If you are buying cash then you should make sure you see the comparable sales from your realtor.

You should be working with a Realtor if you are buying. If it is in Passaic or any where in Northern Jersey contact me.

you need proof of funds or mortgage approval to make an offer if that is what you meant.
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0 votes 8 answers Share Flag
Sun Mar 17, 2013
Bruce McIntyre answered:
Any type of property is a great buy, depending on your reasoning for the purchase. If you are a first time home buyer and not sure if you are able to maintain the jp keep of a home, as far as cutting the grass, shoveling the side walks and any and all repairs. Then yes a co op or a condo will be a better purchase hase for you. The thing that you must pre pare yourself for with a co op is the board Iinterview and your qhalifications. All co ops have different requirements. I am more than willing to help you with the process at no charge to you. Feel free to give me a call or send me an email so that we can get started. Bruce.mcintyre@pantigagroup.com or by phone at 646-588-1720 ... more
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Sun Apr 14, 2013
Patricia M Baxter answered:
Not that I know of! Aren't you eligible for an FHA loan for sure? VA? USDA? If not you may have to look for a lease option while you fix your credit. I'll be glad to talk to you about possibilities. Call me 225 0056 any time. I have a lot of experience working with credit challenged buyers. Patricia ... more
0 votes 8 answers Share Flag
Mon Mar 18, 2013
Lynne & Shawn Graves answered:
First Thank you for your service. As far as Chinese Drywall the current owner would have to disclose that as part of the property disclosure. I see home prices rising at this time. They are no where near where they were but still rising. ... more
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Tue Aug 20, 2013
Mdavidkwempire answered:
Hi Tamara,

Please call me at

Maria
Keller Williams Realty Empire
(646)937-0979
0 votes 6 answers Share Flag
Wed Oct 15, 2014
Joanna Morris answered:
You will need to consult with an attorney as we cannot give legal advice. There are other options. Questions to be answered are:
Are you behind on the mortgage?
Can you afford the home alone?
You may still qualify for one of the options below
Will your bank allow you to short sale?
Can you negotiate a deed in Lieu?

I would just recommend you work with the lender and/or an Attorney and get them to agree to not pursue the deficit.

Good luck and take care.
... more
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