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11431 : Real Estate Advice

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Activity 43
Mon Jan 30, 2012
Anna M Brocco answered:
Closing costs do vary, therefore ask your attorney for a good faith estimate; one can expect attorney fees, title fees, inspection fees, etc.
0 votes 6 answers Share Flag
Mon Jan 30, 2012
Fajardo Delacruz answered:
Mrs Willams
Just try to find a local agent in the area you might find a few homes.
That are rent to own or he/she migt help you find a great home.
0 votes 3 answers Share Flag
Mon May 16, 2011
Gail Gladstone answered:
When I have assisted Section 8, the Dept of Social Services always took care of my commission. Are you sure that's not the case in Jamaica?
0 votes 2 answers Share Flag
Sun May 1, 2011
Laura Feghali answered:
Hello Km,
If the husband and wife's name are to appear on the deed then both names need to be on the co-op application as they would be the official owners. Best to check with the co-op Board to be certain.

Laura Feghali
Prudential Connecticut Realty
... more
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Sat Apr 30, 2011
Anna M Brocco answered:
Consider consulting with an attorney, he/she can best advise...
0 votes 2 answers Share Flag
Mon Jan 30, 2012
Cherri answered:
My full time job starts in mid July 2011 so is it possible to get a loan before full time job starts?
0 votes 7 answers Share Flag
Mon Feb 28, 2011
Tim Moore answered:
I can't think of any advantages to a renter, or at least not many. There are pros for the seller in that the renter normally will not or can not buy the house in the prescribed time which is often 1 year. Since home prices are falling there is a good chance the price you agree on today will be too high in a year and the bank, you try to get a loan from, will think you have agreed to too much and not give you a loan for enough to buy it. If you can't buy when the contract says then you loose your deposit and your monthly option money you pay each month on top of the rent. You end up with nothing and you also lost more money in the process.

My suggestion is to rent, fix whatever is preventing you from buying now and buy when you can. Rent to buy is just a bad idea for most renters. Most sellers won't even bother with them because they want to sell now and not have to go through it all again in a year from now.
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0 votes 12 answers Share Flag
Tue Feb 8, 2011
James Harris Jr. answered:
Good Morning Albertine. We may have a perfect solution for you. Wells Fargo offers a refinance and renovate loan. This loan would essentially pay off your existing balance and include additional funds to repair and or upgrade your home. One major diferrence between this loan and a traditional refinance is that we will use an after improved value to determine the loan to value, which is quite helpful in our current market. Please call or email me for addtional information, and thank you for your question. ... more
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Wed Dec 8, 2010
Anna M Brocco answered:
Keep in mind that much will depend on exact location, property size, condition, etc., to get a picture of available area properties, check out www.mlsli.com
0 votes 0 Answers Share Flag
Tue Nov 30, 2010
Anna M Brocco answered:
Without your overall finances/credit, fiancee information, etc.--If you haven't done so yet, visit with any qualified loan officer(s), see if you do qualify for a loan, the type of loan, how much, etc., after reviewing your file, your loan officer can make a determination as to qualification--then go from there--in the meantime, consider saving a little more for a larger downpayment. ... more
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Sun Nov 21, 2010
Anna M Brocco answered:
Consider consulting with your tax professional--he/she can best help you make a determination on any investment, their potential benefits and or pitfalls,etc., as they specifically relate to you and your situation--then go from there. ... more
0 votes 4 answers Share Flag
Mon Aug 23, 2010
James Gordon ABR SFR SRS answered:
Go to this IRS page and you can check on your refund.
http://www.irs.gov/individuals/article/0,,id=96596,00.html?portlet=8
0 votes 1 answer Share Flag
Tue May 10, 2016
Deborah Madey answered:
A fee contingent upon closing the sale of real estate and the amount can vary substantially depending upon which Realtor is hired and what services will be performed in exchange for the compensation. ... more
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Mon Jan 11, 2010
Help1 asked:
Fri Sep 11, 2009
Patrick Thies answered:
Technically all offers can be submitted up until the time of closing. If the first contract is past attorney review and all contingencies have been met, then any other offer would be a back up offer. Should something happen with the first offer then the backup offers move up. If however, the first contract is still in attorney review then it is possible for another offer to knock out the first offer. ... more
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Sat Mar 3, 2012
Dana Schuster answered:
no,the bank cannot loan more than the appraised value. if they want the house at that price,they will have to come up with the additional 30K themselves.
0 votes 3 answers Share Flag
Tue May 26, 2009
Goat answered:
http://www.bretwhissel.net/cgi-bin/amortize

just under $600,000

That is right, a home for you and two homes for the banker.

Banks love debt slaves.
0 votes 4 answers Share Flag
Sun Apr 26, 2009
Janine Bowen answered:
It depends on the bank, but most of them will try to make the house mortgageable if the offer is good enough. If the price is so ridiculously low, however, that it will sell to an investor who can make a profit by performing repairs himself, they usually opt for that route, as often the buyers are cash and will have a quick closing. When I list a property I reccommend whether or not to make the repairs based upon how much work needs to be done, if the property seems like a good investment property and the listing price. The property needs to have basic items done to secure it (tarping roof, changing locks, boarding windows, etc.), cleaning out debris and health hazard removal, however over and above that is on a case by case basis. Are you purchasing a foreclosure? You can make plumbing and heating, roof and potable water (or anything else for that matter) part of your offer. Realize, however, that if it is a really good deal a buyer with more resources is like to get it ahead of you.

FHA does indeed have a relatively high standard, and many banks that have more than one offer on a property, or that have an property that looks like it will sell quickly, will go with cash or a conventional loan, even if the offer is lower than the FHA. The banks are not necessarily concerned with "safe and liveable" as they are in business to make money. They are more concerned with "Will this be able to close?" and "How Much?" and "How Quickly". They look at the Seller's Net.
... more
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Thu Mar 26, 2009
Bill Eckler answered:
Contact the school's main office. They will be able to provide you with the correct information.
0 votes 1 answer Share Flag
Mon Jan 30, 2012
Thomas McGiveron answered:
I know a lot of real estate agents put their contact info in posts - but call me - I will refer you to someone who can help - 877 765 3123, ext. 51 -

If I was to assume that you have NO money whatsoever to put down or to pay for closing costs - I have someone who might be able to help you.

You can visit www.hud.gov to get local information on grants in your area.
... more
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