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Price Rent Ratio All Locations : Nationwide Real Estate Advice

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Showing results for Price Rent Ratio [Clear search]
Wed Aug 22, 2012
Bill Giannini answered:
Of course! I can put you in touch with my lender, have him help you with some credit repair (if needed) and get you on your way to being qualified and finding the home you want! Please call me for details. -- Bill (702)885-9140 ... more
0 votes 20 answers Share Flag
Sat Aug 11, 2012
Anna M Brocco answered:
Sun Oct 15, 2017
Tim Moore answered:
Sellers look at the bottom line, how much will they net on an offer is the key. FHA scares some sellers more than conventional because there is a FHA inspection that must be done where the conventional does not have to have an inspection. FHA can sometimes take longer to get to closing too. But it does not matter too much, each has some advantages and disadvantages. Bottom line is the main thing. ... more
0 votes 32 answers Share Flag
Sun Dec 30, 2012
Debra (Debbie) Rose answered:
Very possibly - perhaps, conservatively, in the 140,000 range............but first you'd need to answer more questions and share more information..........for example...... Assuming you want to be on the loan - Do you have student loans? What is your debt ratio...........what debt does your wife have??

How high is your wife's credit score............how high is your credit score?

Speak to a mortgage rep and they can most certainly give you a definitive answer!
They will also let you know whether your wife will have to buy the home only in her name.

Best wishes............
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0 votes 19 answers Share Flag
Mon Jun 25, 2012
Matt Woebcke answered:
When looking at any high rise condo you will want to request a disclosure packet. This will include the CC&R's and budgets. When reviewing the disclosure packet you will also be able to review meeting minutes and other disclosures about each building.

I spent many years working for The Mark company and sold numerous buildings including The Infinity. I have close relationships with the sales team at Millennium Tower, One Hawthorne, Madrone, and Esprit Park.

You will want an agent that specializes in this market as it is a bit different from other areas of real estate. If you have any other questions please feel free to contact me anytime. My personal email is MattWoebcke@gmail.com.

Have a wonderful weekend!

Matt
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0 votes 12 answers Share Flag
Sat Jul 7, 2012
Emmett Realty Group answered:
Hi Krystle, Yes you can, if you are paying that much in rent. Alot depends on the income/expense ratio. Give me a call and I can suggest some loan people to talk to while we find your home.
Danny Emmett 404-771-8629 dannyemmett@emmettfamily.net.
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0 votes 10 answers Share Flag
Mon Jun 18, 2012
Joan Tole answered:
Usually if your lender is a reputable well known "lender" or Bank, this would not be so necessary. but so many prequalifications come out and this could have possibly become an issue with them later on in the transaction after you have put in expenses like inspections, appraisals and etc. Take a good look at the standing of your lender and go over this issue with them and try to work for a "committment" letter. A committment is WAY stronger than a Prequalification or PreApproval.. Another potential issue is going to be your appraisal........ ... more
0 votes 6 answers Share Flag
Tue Aug 7, 2012
Scott Askew answered:
0 votes 3 answers Share Flag
Thu Jun 21, 2012
Anu Dutta answered:
Usually single family homes are owned by small landlords, they are quite flexible when it comes about paperwork and application process.
You need to have decent credit, working preferably and no landlord tenant issue, collections etc and you are good to go.
We specialize in Rentals, you can check our site www.WERENTNY.com or call us 646-606-2366, we will be happy to help you.
... more
0 votes 7 answers Share Flag
Fri Jun 15, 2012
Byron Lohman answered:
I see these questions on Trulia all the time. All of the sale types you mention as well as regular sales are usually represented by Real Estate agents and posted in the MLS. A good buy doesn't necessarily need to be distressed to be the "perfect home" you are seeking. Be open to seeing all types of listings and there's really no need for an agent that specializes in distressed sales. You may want to target an agent that specializes in the area/neighborhood you are looking though. You should also seek an agent that communicates with you well and understands any particular needs you may have with financing, schools, work commute or other factors.

While many distressed homes may appear by price to be the "low price" there are other factors such as deferred maintenance or other repairs that sometimes are difficult to achieve in the negotiation process on those type of sales. In pre foreclosure (short sales) the investor will rarely pay for the delinquent condo HOA dues so while the purchase price may appear low, there may be costs that you the buyer will need to pay in order to close.

I'd just suggest that you be open and try to find the best property you can within your budget.

Please let me know if I can help with any other answers. I know a number of great agents in the Los Angeles area that may be a good fit for you!

Byron Lohman, ABR, CDPE, SFR
Prudential CA Realty
DRE# 01272085
byron@byronlohman.com
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0 votes 23 answers Share Flag
Fri Aug 18, 2017
Lynn Ydoyaga answered:
The best place to get that info is: Pocono Mountain Regional Phone Directory. Home ... 570-895-2400. I would be happy to show you homes in that area or any other you may want to see.
0 votes 51 answers Share Flag
Tue Sep 4, 2012
Ron Thomas answered:
HOAs are particularly hard to deal with; I think you have realized this.
When you make an offer and are in Escrow, they will share the CCR's with you, for a price; usually about $50 for copying.
But, trying to get a copy from them earlier, will be like pulling teeth.
I suggest that you go out to the complex and walk around: Meet some of the residents and ask about the HOA and restrictions. You may ask them if you can copy their copies.
You may also find out other things about the management of the place.

Good luck and may God bless
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0 votes 13 answers Share Flag
Mon Dec 24, 2012
Tim Moore answered:
You CAN'T just decide to do a short sale. A bank must agree to it and you can't just decide, "Oh Well, I'll screw the bank and they will go along with it because it's all about me". It does not work that way although I am sure many short sale listings are just that, a wish by the home owner to make it go away at the banks expense. You better do some real investigation about what you are planning or you are going to really be in a deep hole. You better look up deficiency state and find out if WI is one or not, if it is the bank can come after you for the money they lose in a short sale. ... more
0 votes 5 answers Share Flag
Tue May 30, 2017
Fedaa El-Dosougi answered:
Dear Ana,

Any downpayment and closing cost is related to purchase price, buyer's credit and abilities, and the ratio for title closing provided by title company in relation to the property price. One verry affective way to reach a determination is to go through mortgage qualification. This is helpful in eliminating many concerns of transaction parties, and will help all focus on serving your specific purchase needs in most efficient and timely manner. Razan Group of Keller Williams Realty in Boca Raton, is a one stop shopping center for real estate services. It will be our pleasure to assist you no matter how long it takes till you fulfill your dream. Please feel free to contact me directly for more information at Fedaarealtor@comcast.net and you may visit my site for more exploration at: www. OceanfrontHomesSF.kwrealty.com.
Best of luck.
Fedaa
... more
0 votes 6 answers Share Flag
Tue Feb 26, 2013
answered:
I get co-op loans for people all the time, and the vast majority have no problem getting approved by the co-op board. Over the years, I have learned that there are times when I can get someone approved for a loan, but it is less likely that a board will approve them with the higher debt-to-income that they have, so I advise them to do as much checking as they can before-hand to see if it is likely they will pass the board.
As far as down payment goes, it varies by the co-op. There are many that will do 90%, especially in the suburbs, however I have one client now who's co-op only allows 75% financing, and have heard of others that won't allow you to have a loan.
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0 votes 8 answers Share Flag
Tue Aug 8, 2017
Sherry Renfroe answered:
Hi Kikki-

As a real estate agent, let me explain what my clients that have used small, no name mortgage companies to purchase a home. 90% of the time closing is delayed, sometimes by 2 weeks. Some of the closings never went through because the underwriters were not comfortable with some form of the transaction or buyers information. 50% of the time the buyers were instructed to put more money down and ended up walking away with having to pay more at closing and the sellers less at closing.

I HIGHLY recommend using one that has a locally underwriting department or a referral from someone who has closed in the last 4 months.

You are welcome to go to my website and use the 2 mortgage companies that are listed. They are highly rated by all my clients that have used them.

Just click on the name and it will take you to their website.

You real estate agent should be helping you with this!

Best regards,

Sherry Renfroe
Ebby Halliday Realtors
(214) 215-4145
sherryrenfroe@ebby.com
www.sherryrenfroe.com
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0 votes 14 answers Share Flag
Thu May 24, 2012
Janet Nation, CBR answered:
I don't know which is better because you're not exactly comparing apples to apples. I will tell you as a landlord myself that if you depending on the rental income to substitute your mortgage payments and if for whatever reason your tenant doesn't pay, you can be in a lot of financial trouble if the situation is prolonged, and you have no reserves, so just bear that in mind. I've seen homes go into foreclosures because of non paying tenants. All the best on what you decide. ... more
0 votes 16 answers Share Flag
Mon Oct 29, 2012
John DeMarinis answered:
Monte Vista in danville has a great curriculum. My nephew and niece graduated last year and they both were accepted into highly accredited colleges. Check into school scores, you can find them on my website. ... more
0 votes 8 answers Share Flag
Tue May 22, 2012
Dhuckins answered:
Hi Bed , I can answer any questions you have , Shoot me an email at Dhuckins@bondnewyork.com .
0 votes 25 answers Share Flag
Thu Jun 7, 2012
Tom Buoni II answered:
You sound like a very strong candidate to obtain a loan and purchase a home. I would love the opportunity to speak with you further and answer any questions you may have about the home buying process.
Please call 480-316-1652 or email tbuoni@gmail.com any time.

Thanks,


Tom Buoni

480-316-1652 (cell)

877-814-5764 (efax)

tbuoni@gmail.com

www.newhomebuyer.org

PRO *STAR REALTY
... more
0 votes 12 answers Share Flag
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