Stefon that is how most homes are sold! The mortgage gets paid off at closing by the funds that the seller receives from the buyer. The attorney takes the amount need from the money that the buyer brings and sends to the sellers bank the amount known as "the pay off" . The sellers lender sends a release of lien for the attorney to file and the buyers now have a new home. If they purchased it with a loan the atttorney files the new mortgage which creates a lien on the property again but this time the new owners are the grantors.... more
The problem with new consturction is the builder has fixed cost for the marterials to build your home. The builder's supplier's and sub's have a cost. In todays market , they are most likely working at the least that they a willing to do the job for a rock bottom price.You have three builders fighting for the job. If it could be done for less one of them would have come forward. Make sure that the builder you choose didn't make a mistake and can really finish the home at the price. Builder have been known to walk from jobs after receiving draws. It sounds like you need to spend a little more than you expected or compremise on the materials. Please don't ask the builder to leave every other nail or 2x4 out .Just a joke to drivre home the point. Interest rates are at, or near a 40 year low. Finance more and tighten your belt elsewhere for now. Build the most you can now so you will not regret later. Remember building is very trying. Don't let it interfere with the WE above. Bobkirbysells.com 585-719-3540... more
The home inspector should be able to provide you with a clear understanding of the efficiency of the windows in question. Our recommendation is when you schedule the home inspection, make the inspector aware your concerns with the property. Ask him up front, if he is qualified to provide you with accurate window information.
Unless you had a signed agreement with the agent to use them exclusively, you have no obligation. Further most agents understand the nature of the business and have the ability to accept disappointment.
We often share with people in your situation that the best thing you can do is remember them and given the opportunity, refer family, friends, or potential buyers and sellers to them.
There's nothing like a new house.However, check the builder out very carefully.Many builders are just hanging on in this market.Second if it's close and you like the older house,make a really low offer and see what happens.It is a buyers market.... more
Please contact me at 585-737-589 and I will be more than happy to give you information on what to do to make your transaction go as smoothly as possible. I look forward to hearing from you. Margaret Pituley... more
If you want something more accurate, you can order an appraisal. Or, just go talk to other agents in the area and get more than one CMA and see how they compare. If you get 3-4 and they all say about the same, then thats wonderful!... more
I think things are Ok for sellers as long as they're buying another home. It just stands to reason that on average if you get a little less than expected for your home you would be able to buy your next one for a little less. The important thing is that interest rates are low and buyers are out there now is a great time to buy or sell.... more
Your best bet would be to talk with the local police department and ask them what type of attention is given to that part of town. As with any investment, there are good things and bad ... I'm sure the same applies to this property as well. Unfortunately as a Realtor my license mandates that I cannot offer this type of information.
What I can tell you is to check with the police, property managers, or other agencies to see what their take is. If you'd like more information on that property or others ... give me a call or email me through my website.
Century 21 Premier Properties... more
Sandra, The tank could have had 5/8 full when you closed, and the gage is hung up at 1/2 now and empty. We have had a very cold fall and cold far below normal since you closed. If the tank had 5/8 and lasted to now it would seem you did pretty good. A oil company could use a heating day index to calculate approximatly how many oil you would have used since then. I always encourage the sellers to fill the tank to the top with the oil companys invoice stating that and have buyers pay for full tank. If in late spring or summer buyers sometimes don't want the extra cost at closing. You could have had the seller call the oil company and pumped the tank out at a small charge. ob Kirby RE/MAX First... more
This is a very popular investment and has been for years. I have an investment property in Rochester myself and if you contact me off line at Gail@GailGladstone.com, I will be happy to recommend the Realtor who has been so helpful to me, not only in buying and selling, but also in property management.... more
An agent isn't legally able to comment on the crime rate or what type of problems if any that you'd encounter in an area. If you'd like to get that info ... it's best to contact the police in that area or get your feedback from someone that lives in the area.
As for the tenants and the turnover -- your agent should be requesting to see the rent rolls and the two of you can review the findings.
If you'd like to find out any further particulars on this property ... I'd be happy to help you with those!
Laurel, Most of them are advertised each year in the local papers; Monroe County would be the Democrat and Chronicle. You could also contact the county clerk or town clerk in area you are interested in.
Thanks, Ray... more
I live downstate in Long Island and have had properties in Rochester for several years. As ownership reduces, rentals increase there. One of the properties I owned was a 2-family purchased sight unseen from a source who was not reliable. We were happy to sell it soon after. The other property was a burnout that we had rebuilt and has been a rental ever since and we are seeing a return.
the key here is knowing who you are working with. I found a Realtor who really works hard for us and also manages the property for us in terms of being there for any issues that arise and seeing that they are cared for. I have referred several out of area/country buyers/investors to him and everyone is quite satisfied with how he works and what he has done for them.
If you contact me off line at Gail@GailGladstone.com, I will be happy to share his information with you.... more
I would like to see information posted on all local resources for Sales Qualifing, Remiedial, Brokers and CE courses. to include schedules, pricing, etc.. All training opportunities made available through Nothnagle as well.... more