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45213 : Real Estate Advice

  • All4
  • Local Info0
  • Home Buying2
  • Home Selling0
  • Market Conditions0

Activity 389
Fri Apr 20, 2012
Scott Godzyk answered:
It depends WHO approved it. Did the seller simply accept it and now it has to be submitte dto their bank for approval or Did you receive approval from the sellers bank? If it is teh bank then it MUST be in writing to be considered accepted. Verbal acceptance can not be enforced. In the letter to the seller accepting the offer it will state the amount they will accept and the date it MUST close by, in most cases it is 30 days from approval. Check with your agent to get a copy of the approval in writing sio you know the terms ... more
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Wed Jul 15, 2015
Jen Schmidt Mcgillis answered:
I would recommend calling Joe Daly at 513-602-1878. He is THE premier 203k guy in the whole country. No kidding, he hosts continuing education classes nationwide on just that topic. If he can't help you I don't know who can. Good luck and keep us posted!! ... more
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Sat Apr 14, 2012
Tim Hamblin answered:
Richard,
Give me an address and I will research it for you.
Or Call me at 347-1858

Tim
0 votes 2 answers Share Flag
Thu Apr 12, 2012
Alain Picard answered:
Sometimes the banks take a while to list the homes they foreclose on. I would suggest getting a local real estate agent to work with you (at no cost to you) and tell them that you would like them to set up an automatic e-mail that will tell you when the house is put on the market so this way you won't have to keep checking. ... more
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Sat Jun 1, 2013
Shannon Crutchfield answered:
If there are a lot of them, yes it could. It would also depend on the outcome of the inquiries. It's best to consult with your mortgage consultant for questions like this.
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Tue Mar 27, 2012
heather.cataline asked:
0 votes 0 Answers Share Flag
Tue Jun 11, 2013
Mark Flint answered:
With 25 years of experience in building and selling homes I can tell you it shouldn't make a difference. The nature of the problem and the quality of the repair mean everything, but if it is done properly, was inspected by the city and passed it should not cause a resale problem. If the repair was done properly there may be some engineering specs on the recommeded repair. I would get and keep that paperwork and you should be good. If you have any further questions contact me and I will be glad to help. mark.flint@cbexchange.com. ... more
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Mon Aug 6, 2012
Hermine Niesz answered:
Not a great idea...you still have the debt.....Can you transfer to a lower interest rate and pay off faster? I would talk with a lender that can help you improve your scores and take their advice. HERMI ... more
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Tue Mar 13, 2012
Hermine Niesz answered:
Hi Heather! Your best source for an answer if to contact a lender. There are so many great lending products out there right now for 1st time buyers...Ohio Bond Money for one...that can help with down payment etc. If you need a great person to call....email me direct... hermi35@gmail.com and I can give you some names. Good luck with your purchase! Hermi OWNERLAND REALTY ... more
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Sat Jun 1, 2013
Tim Moore answered:
Never piss them off is my motto.
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Thu Mar 22, 2012
Norma Palazzolo answered:
There are no specific areas of appreciation at this time. Over the next five years we would expect the same areas to appreciate that took the biggest hit for the past five years. To name a few, Hyde Park, Oakley, Mariemont, Madiera, Indian Hill, Anderson. These are the areas that have always maintained they value and we are beginning to see some of that slowly come back. ... more
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Sat Mar 10, 2012
Norma Palazzolo answered:
First of all you want someone who will listen to you - what you need and what you want. It is extremely important that they communicate well with you and listening is the most important element of communication. Second, you want someone with experience in working with both buyers and sellers. It is very important to know both sides of the transaction so they can educate you and help you work through the process. Third, you want someone who enjoys their work so they can lighten the heavy moments and help you from manage the emotions that are a factor in the home buying process. Could we also say you want someone who is fun. The home buying process can get stressful. If you have someone who helps you manage the stress it can be an enjoyable adventure. ... more
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Thu Mar 8, 2012
Don Tepper answered:
No. There's little or no relationship between the assessed value of a property and its real worth.

In some areas, valuations are SUPPOSED to be market value. That's the case where I live. In other cases, they're some set percentage--such as 50%--of what the supposed market value is. Even when they're supposed to be market value, it's not unusual for them to be off by 15%-20% in either direction.

Yes, the local community makes a difference. And there are two factors at work. The first is the actual valuation--what the city or county says your house is worth. The second factor is the tax RATE. Example: A house is assessed at $100,000. The tax rate is $1.00 per $1,000 assessed value. In that case, the taxes would be $100 a year.

But the city can change its tax rate whenever it wants, and often does. So next year, the city might raise the tax rate to $1.10 per $1,000 of assessed value. That means next year, even if the assessment hasn't changed, your tax bill will be $110.

Your local city or county should have included an explanation sheet along with your tax bill. It's undoubtedly also available online.

If your tax valuation is higher than the actual valuation, there are processes for appealing. Yes, you can appeal. That information also was provided with your tax bill. Or it's available online. Usually, you have to produce evidence of recent sales of similar properties (similar to a real estate agent's competitive market analysis or an appraiser's appraisal) to show that your house is worth less than the assessment. And, yes, people can do that without hiring a lawyer or having political pull. But you need solid evidence--solid comps. The burden is on you to prove that the assessment is incorrect.

Hope that helps.
... more
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Tue Mar 6, 2012
Mike Papantonakis answered:
I would highly suggest that you stay away from these. Most of the time, the buyer is at a high risk. If you are interested in buying but have a low credit score, I would look for a home seller who may be interested in doing a wrap loan. If you work with an experienced real estate agent, they should know how to protect you with a wrap. The other option is to find a seller who will carry the financing. That's a cleaner way to go about it.
Good luck with that.
... more
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Tue Mar 6, 2012
Tim Hamblin answered:
Wionna is a HUD home... under contract so not sold..
Hollywood expired so did not sell
Edwood sold in '05... Lisa Ledwin was listing agent and Terri Voegele was the selling agent

Let me know if you need any more info or if I can be of personal assistance to you

Regards,
Tim
... more
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Wed May 8, 2013
Cory Jennewein answered:
Know your market rents, consult sites like Trulia and get informed. Know that things move quickly, so be prepared, well informed, and ready to act fast. In our market 1st month and security deposit are expected at signing, more than that is a stretch, unless there are pets involved. As far as pricing goes, that is heavily dependent on your specific city enclave. ... more
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Mon Mar 5, 2012
Ray Crousore answered:
Get pre qualified, be prepared to wait, two days to several weeks (depending on the lender).
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Sun Mar 4, 2012
Patty Williams answered:
First interview a couple of Realtors. Find the right fit and someone who understands your needs. This Realtor will then be able to recommend a few lenders for you to contact depending on your finacial status and mortgage needs. There are many different mortage products available. Then get pre-approved and know your lending limits, review for yourself your operating budget. Your Realtor will be able to advise you of the entire process and even some of the potential pitfalls to expect. I can advise you at this moment your wants and needs for a property will change as you continue your search. This is nornal. The interest rate to borrow and the property prices have never been more agreeable. Now it is time to start shopping! ... more
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Sun Mar 4, 2012
Pamela Porter answered:
Dave, there are some lenders that are assisting buyers with a credit score in the 580's. Heather Witt is a very good lender that helps people improve their credit standing. Give her a call and I am sure she can help get you ready. Her number is 910-1576.
Take care,
Pam
... more
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Sat Mar 3, 2012
Mark Miller answered:
Everything is negotiable!
Call me for details
Mark Miller 513-721-LAND(5263)
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