This house appears as a rent to own at http://www.americanlisted.com/kentucky_17/houses_28/a_must_see_motivated_sellers_4301_seagrape_road_40299_16702733.html.
The site states that the ad was posted more than 2 months ago. There is a button to click on for interested parties to make inquiries. I suggest you do that. This property was last listed on the MLS in 2011 for 151 days. The asking price was $164,000 when the listing was cancelled.
Appraisals are not absolute and have several "parts". You might want to examine the report quite carefully and look specifically at the section on current market value. Compare that section to the realtors analysis - and if the realtor is someone you trust, call and talk about this . . . you want to know what is the current average time on market for properties sold and to weigh the condition of your own home against the market place (the competition - others for sale right now). Also, depending on when you bought the house - the appraisal might be outdated . . . for a purchase right now, a bank would order an appraisal for a buyer and the "comps" would have to be within the last 3 to 6 months only! Unclear about where you are in the process - are you considering selling the house and having this work done ahead of time? or have you listed and sold and now have a low appraisal?... more
I think you are asking for a difficult task because of your price range. Many home owners are staying away from section 8 because of poor maintenance by the tenants. I will keep you posted if I can across any property in your price range.... more
Did not know if you have found anything or not. I live and work about 5 minutes from Jefferson Mall and would be glad to help you out. Looks like we have a lot in common. My husband is a retired marine and spent almost his whole career at Camp Lejuene. We still have lots of friends and family in and around Jacksonville, and Sneads Ferry, NC. Message me at firstname.lastname@example.org and I will see what I can do to help.... more
There are still some loans out there with 0%. Va Loans, USDA and some community programs.
If you go to the USDA site it provides the eligibility areas and qualifications,
I hope this helped you.... more
If your home is being sold by Fannie Mae, the HomePath Renovation Loan could be a solution. Otherwise, FHA's 203-k loan could help. Both allow for monies to be held in escrow to complete the work.... more
If she is attending UofL, staying on campus should be just as safe as any other campus. To be honest, it's not unusual for there to be bad neighborhoods near any large college campuses in metro areas. College students tend to drive down property values and with low property values, you often get the non-college bad element.
Here is a crime map of Metro Louisville:
You may think by looking at it that maybe there is much heavier crime in the city, but bear in mind that as you get farther from the city that there are other police departments that don't contribute to this site.... more
I don't see where it's bad for a family with kids. However, judging by what's for sale in that area, I don't see any huge price advantage than other places in the county that might have even more amenities for a family.
Call me if you'd like to talk more about what you are looking for, 396-8195.... more