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44333 : Real Estate Advice

  • All5
  • Local Info0
  • Home Buying3
  • Home Selling1
  • Market Conditions0

Activity 143
Thu Apr 2, 2009
David M. Childress answered:
First, it has been shown that the county has made some serious errors this tax season and many are challenging their new values. When pricing a home, Realtors and appraisers do take into account the tax value in determining a selling price, but that is not the only factor. Email me for more info if you like, as I am local and full time. ... more
0 votes 5 answers Share Flag
Wed Aug 6, 2008
J R answered:
It should go on right away. Make sure you're looking at the right MLS site. One of my sellers got really mad at me for not putting their home on the MLS, turned out they were looking at the wrong site. ... more
0 votes 10 answers Share Flag
Sat Apr 2, 2016
Tara Branz answered:
Cindy,

A lot of it depends on condition of the house, how many bedrooms, sq. ft., and when it's been assessed. I know our house hasn't been assessed in quite awhile, which is good for tax purposes. On the other hand, with prices going down, maybe the Stow house has recently been reassessed at a lower rate. Let me know what houses they are, and maybe I can help you out a little better. ... more
0 votes 7 answers Share Flag
Sat Jun 28, 2008
John Wirsing answered:
JASON,
Call Tom Cepek (PRONOUNCED SEE-Peck) at Real estate Mortgage Corp. Cell Phone (216) 299-8523
Tom is an excellent mortgage broker that I have worlked with on a number of deals.

Any questionscall me aT 440-487-2193.
... more
0 votes 3 answers Share Flag
Tue Jul 15, 2008
Curtis Darragh answered:
Jason, FHA will never lend on this house (how's that saying go.... never say never), except for an FHA 203k rehab loan. FHA's traditional, 3% down loan requires the home be in move in condition and a special FHA appraisal is required. So the property would only qualify for a FHA 203k loan which is meant for properties requiring renovation. They cost a lot more and take a long time to process but they are an option. Best of luck. ... more
0 votes 9 answers Share Flag
Sun Jan 11, 2009
Jason Braddock answered:
If I read this correctly, you offered 100% of the listing price but want 3% to go back towards your closing costs. If it is REO they may not like the 3% back, but with a 100% offer it may work. Most banks won't give money back though. If they counter offer, I would say that a 95%-97% offer would be better. This would offset some of your closing costs. ... more
0 votes 7 answers Share Flag
Thu Mar 26, 2009
Carl Ben Witzig answered:
Any realtor can help. Look on any MLS web site. Listings have to be labeled as foreclosures, bank owned, or third party approval required, or similar language. Expect "as is", needs work, no credits for condition, market price for the local area. There are no fire sales in real estate. ... more
0 votes 36 answers Share Flag
Fri Jun 13, 2008
Frank Diaz answered:
A resale just means someone else owned it. It could be anyone.
The alternative is new construction.
0 votes 3 answers Share Flag
Mon Dec 6, 2010
Cindy answered:
Mon May 8, 2017
Mark Roncone answered:
I would and have. You don't have a sewer and water bill. Your real estate taxes are lower! No problems at all!
0 votes 15 answers Share Flag
Wed Jan 13, 2010
Cindy answered:
are they super hard to work with? did they make you wait over 2 months for an answer on your deal?
do they always want top dollar?
thanks
0 votes 8 answers Share Flag
Wed Jul 16, 2008
Joetta Fort answered:
I've worked both sides of several short sales in Colorado, and the lien holder will usually agree to what they consider a 'fair' price. So you'd have to check recent comparable sales. But frankly, you could offer whatever you want, and as long as the owner signs it, just wait for the bank to counter offer. The danger there is that other, better offers may come in. ... more
0 votes 37 answers Share Flag
Wed Jun 11, 2008
The Hagley Group answered:
Hi!

I went to school at University of Akron...greetings from California! When I am representing the buyer, my goal is to sit down with both the sellers and their agent. This is not always possible....and some seller's agents are uncomfortable with this. My ultimate goal is to help my buyer purchase the home...so if the sellers or their agents balk at me presenting...I present to the agent only. I don't want to upset anyone in the process. ... more
0 votes 11 answers Share Flag
Mon Nov 7, 2016
Frank Diaz answered:
I haven't heard of it either.
No bank that I know of is taking those risks now. Must be a private party.
Have an agent or mortgage broker give them a call and see if it passes the "straight face" test. ... more
0 votes 15 answers Share Flag
Fri Aug 6, 2010
Myke answered:
if the seller's realtor refuses to present it - it is actually illegal.

contact NAR http://www.realtor.org/ and file a complaint.

Realistically - the seller, or the seller's agent has absolutely ZERO say in whether or not your offer gets approved by the bank. The fact that the seller's agent is trying to inject themselves into that process is flat out illegal. ... more
0 votes 71 answers Share Flag
Tue May 13, 2008
Jim Johnson answered:
If you list with a REALTOR member of the MLS, you will have every successful agent selling for you. An agent can make a difference, but the fact that they sold more condos than another may have less to do with their competence than with the fact that they got a lot of condo referrals or focus their prospecting efforts on getting condo listings. ... more
0 votes 2 answers Share Flag
Wed May 21, 2008
David M. Childress answered:
That really seems high for that street. I know, I live in Firestone Park. The average home in good shape was around $ 60-65,000 in the last year. I do not know the condition of your home or the bank so I am without all the information I need to assist you. You may contact me if you like. ... more
0 votes 2 answers Share Flag
Sat Feb 9, 2008
Linda answered:
I agree with you! It sounds like the things you mentioned are relatively low cost cosmetic fixes. Whatever you can do to make the house look updated and move in ready will help attract more potential buyers. Of course, price is key as well. ... more
0 votes 2 answers Share Flag
Tue Aug 4, 2009
Julie (Toon Pawley) Timms answered:
It really depends on your budget but with rental property it's vacancy and maintenance that will get you. The most important criteria is to purchase something within your budget that is in very good condition and that is easy to rent to someone credit worthy and who will take care of the property.

I can't speak for Akron but can for Hilton Head Island, SC - have you thought about resort rental property? That way you can rent it out and still vacation in it two weeks out of the year.

If you want to stay local, your best bet is to hire a buyers agent who knows rental property in your area - if you want to explore resort rental property, call me and I will try to help as best I can.
... more
0 votes 16 answers Share Flag
Tue Jan 1, 2008
David M. Childress answered:
Hi Paul, the average days on market is 85-90 days in Akron. The numbers you mentioned do not really mean anything. If the home is listed right, it will sell at about 95%+ of list. At least that is what I get. There are a lot of bank owned and short sale homes going on that are driving average sold prices down. David ... more
0 votes 3 answers Share Flag
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