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19018 : Real Estate Advice

  • All24
  • Local Info1
  • Home Buying17
  • Home Selling5
  • Market Conditions0

Activity 29
Fri Dec 14, 2012
Ann Ryan answered:
Be concerned about deadlines! If you can afford it, the easiest thing to do is first buy the new house, then sell (or rent) the old house. If you can't afford that, then I suggest you go talk to a mortgage broker to see what your options are. ... more
0 votes 4 answers Share Flag
Thu Nov 8, 2012
Curraninc asked:
Wed Oct 10, 2012
Jacques Ambron answered:
You can, the difficulty witll be in obtaining financing. Once you are passed the bankruptcy, you can start to rebuild your credit. Speak to a mortgage professional or a credit consultant. ... more
0 votes 2 answers Share Flag
Sun Sep 30, 2012
Walt Parker answered:
Hi Josh - At the present time there are 11 single 3 br homes for sale in Aldan with an average price of $176,455, average time on market 229 days. In the last 6 montdhs there have been 8 settlements with average price of $175,980.

Need more info to do a comprehensive market analysis, but that should give you a general idea of what is happening with single homes in the Aldan area. I can be reached on my cell 610 751 1703 or at my office Century 21 Absolute Realty in Springfield, 610 328 4300, ext 143.

Regards
Walt Parker
... more
0 votes 3 answers Share Flag
Tue Sep 11, 2012
Deborah Pandya answered:
You would need an appointment to come in the office and fill out some paper work and
we would help you get qualified for a mortgage.
Debbie Pandya 215-469-0341
Prudential Fox & Roach Realtors
601 E Baltimore Pike Media
... more
0 votes 4 answers Share Flag
Fri Aug 31, 2012
answered:
Hello Bernice.
The property tax varies from property to property.
However for an example, a 3 bedroom home about 1100 square feet would have a property tax of about $3800

I'm curious though: if you are renting why are you concerned with the property taxes? Those are the landlords responsibility. ... more
0 votes 2 answers Share Flag
Sun Mar 18, 2012
R. Eric Axelson answered:
Hi Michael, I have much experience helping investors. There aren't many incentives for second homes I'm afraid, but we can try to make up for it by negotiating a good value for your purchase and by asking to have your closing costs paid for / rolled in.

I serve Philly and the Main Line. Would you be open to letting me buy you a cup of coffee at a coffee shop near you to just chat / get a feel for each other?

By the way, I have letters of reference from other investors that you can see.

Eric Axelson, Associate Broker
Kurfiss Sotheby's International Realty
267.507.2287
axelson@kurfiss.com
... more
0 votes 3 answers Share Flag
Sun Dec 4, 2011
Edmund Choi answered:
Dilemma. Do you need the equity from your current residence to purchase the multi-family? If not, do you have sufficient assets to meet reserve requirements? Will your asking price for your current residence be in the marketable range that neighboring comparable properties have traded within the last 6 months? Does the current condition of the property warrant a premium? Have you consulted with your CPA to discuss any tax ramifications? There are many additional variables to consider, but the answers will help you achieve the positive bargaining zone required to effect a successful transaction that fulfills your optimistic goals. Good Hunting! ... more
0 votes 11 answers Share Flag
Tue Sep 11, 2012
Ron Thomas answered:
Please tell us that by "my offer was accepted" you mean that you have a CONTRACT.

If this is the fact, then your Agent should be getting a call any day, for access to the House.

If the Appraisal comes in, are you ready to release the Contingencies?

Good luck and may God bless
... more
0 votes 7 answers Share Flag
Wed May 4, 2011
Nancy Celia asked:
0 votes 0 Answers Share Flag
Wed May 4, 2011
Phong Lam answered:
Good Morning Ms. Nancy,

How are you? Thank you for your inquiry. This question should be asked to your buyer's agent who supposed to be advising you on all of this. If you do not have a buyer's agent, I recommend that you do.

But to answer your question, there is no magic number as to how much is "acceptable" or not. Your buyer's agent got to do their due diligence of their homework to run a CMA (Comparable Market Analysis) for comps within the past 3-6 months of data that has been SOLD/PENDING in the market nearest to your subject property that you are planning to write up an offer for and that will provide you with an idea of how much homes are selling for in the area. This will give you an idea of how much to put in an offer for.

If you are not being represented by anyone, please feel free to email me at Phong.Lam@c21ag.com or call me at (267) 918-1880 and I'll be more than happy to discuss with you a negotiation strategy plan.

Thank you for your time and good luck! Have a great day!

Hope that helps!

***** If you like the answer - please consider giving it a Thumbs-up & making it a "Best Answer" ! Thank you! *****

Best Regards,
Phong Lam, CSM
REALTOR®
CENTURY 21 Advantage Gold
2010 Oregon Avenue
Philadelphia, PA 19145
Business: (215) 465-1400, ext. 508
Fax: (215) 336-7793
Mobile: (267) 918-1880
Email: Phong.Lam@c21ag.com http://www.c21ag.com
Professional Profile & Testimonials: http://www.linkedin.com/in/PhongDucLam
To connect with me: http://www.retaggr.com/AddMe/PhongDucLam
Buyers' Info: http://www.facebook.com/TriCountyPhiladelphiaHomebuyers
Sellers' Info: http://www.facebook.com/TriCountyPhiladelphiaHomeSellers

Century 21 Advantage Gold Top 21 Percent Award for 2009!
A referral from you would be the biggest compliment you could give me!
If you're interested, please ask me for your FREE Local Market Report for home values in your area!
... more
0 votes 4 answers Share Flag
Mon Jul 25, 2011
Donald answered:
6 months plus depending on price range you are in. First time home buyers market is awful.
0 votes 1 answer Share Flag
Tue Jan 4, 2011
Terrence Charest answered:
She can move in right after she signs all the documents at the settlement. The home will be "hers" from then on as long as she keeps paying her mortgage loan on time.
0 votes 11 answers Share Flag
Tue Sep 7, 2010
Steve Sisman answered:
Good morning Meghan, a Seller's Assist is a credit given to the Buyer(s) at time of closing. Example: if you sell your home for $100,000 minus a 6% assist your net selling price would be $94,000 (-$6,000 assist, if OK w/Lender). Your net proceeds would still minus the additional closing costs. NAR considers: if no offers are made with-in 21 days or 12 showings, your asking price is too high and should be adjusted accordingly. Have you discussed marketing and pricing with your current agent? If not, you should. The next few weeks are generally considered our fall selling market with a general slow down closer to the holidays. Have that face-to-face with your agent! Good Luck! Follow me on Facebook, Steve ... more
0 votes 3 answers Share Flag
Thu May 20, 2010
Barhite and Holzinger answered:
Right on time. The spring market is in play!
2 1/2 months is a bit long befroe making the change, but that is okay.
Get that price positioning out to all the Buyers, particularly those who have already looked.
Good luck!
... more
0 votes 14 answers Share Flag
Sat Jan 9, 2010
answered:
Hello Rafael,
The first step should be working with a professional realtor who can guide you through the whole process.
Basically, you should get pre approved for a mortgage so that way you and your agent know exactly how much you can afford. Once you have that info, let the search begin after reviewing your criteria with an agent.
If you have any questions or would like more detail on starting the process im always open for your questions.
... more
0 votes 6 answers Share Flag
Tue Dec 1, 2009
Dan Chase answered:
Usually taxes are high because of schools and other services the town provides. The more and better services the higher the taxes are to pay for it. (not knowing your area) Maybe the area has an unusually high number of kids (or special needs kids) in the schools.

It is also possible that area has a lot of foreclosures and/or other non-tax paying property so they are making up the difference with those who are paying.

If the taxes there are to high consider other places. Sometimes moving a few miles can save $1,000 or more on the tax bill.
... more
0 votes 1 answer Share Flag
Thu Sep 2, 2010
Stan Battersby answered:
The seller can at any time pull the property off the market.
Was it a full price offer you put in?
If it was your realtor can go after them for his commission.
This might get them to change their minds.
If it was not a full price offer then they can with draw the property.
Email with your answers.
sbattersby@cox.net
... more
0 votes 3 answers Share Flag
Thu Sep 2, 2010
D. Derderian answered:
Hello Alison,

I would have to say your right. Planning to purchase a home and worrying about bills that you don't have now are a great concern. There are certain steps that can be taken, I can start by emailing homes that meet your needs and if you take a liking at a home we can then ask a seller what his or her bills are averaging on a monthly basis. ... more
0 votes 1 answer Share Flag
Thu Sep 2, 2010
Terrence Charest answered:
I am not sure how long this loan has been in existence, but I do know that there has been some type of loan to help people fix a home to be able to live in. Not necessarily through FHA and not always without gaps. Meaning there could have been some short spans of time where this was not available.

I don't know why you ask how long this has been in place because that really isn't important. The only thing that is important is that the program is currently in place.

You also ask whether a Realtor should know about these programs. Well, it would be in their best interest to know what kind of programs are available for their clients. However, with that being said, who is the loan expert, the real estate agent or the mortgage loan broker? The loan broker, right? And this is where the importance of getting a hold of a mortgage lender FIRST is of utmost importance. This way, you will be informed as old programs disappear and new ones come in.

Hope that helps,

Terrence Charest, e-Pro
... more
0 votes 5 answers Share Flag
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