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45213 : Real Estate Advice

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

Activity 389
Thu Jan 5, 2012
Tony Giglio answered:
The likelihood is the asset manager wants to get market price for the asset and will want it to go to the MLS. Think of it this way, if you were selling something, anything, would you prefer a pool of buyers to determine what the highest and best price you could get for your widget, or would you sell it to the first person who came along who may offer you a low price? ... more
0 votes 7 answers Share Flag
Sun Jul 29, 2012
Kevin Kasian answered:
The costs will all depend on what lender you work with. Each program will have some different fees but not anything that should stop you from moving forward. I recommend calling me to start the process for your pre-approval and approval. We turn our purchase loans in 20-30 days if not sooner. It all depends on the Realtor and Buyer in how quickly we can close. Call me and let’s get the process started. We need to figure out the program that best fits your needs. New Penn Financial!

Kevin Kasian
New Penn Financial
NMLS#171291
1-866-685-7476
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0 votes 4 answers Share Flag
Sun Sep 4, 2011
Tony Giglio answered:
If you are a serious buyer, they you should write a backup offer. An offer is not an offer until it is in writing. The agent must write and present all offers regardless of how low. The only exception is if the listing agent is representing both the buyer and seller and has been instructed by the seller to not present any offers lower than "X" amount. Even then,, most agents will still write the offer and present it anyway. ... more
0 votes 6 answers Share Flag
Thu Sep 1, 2011
James Deskins answered:
Paint it and clean it, that's the #1 priority. Kitchens an bathrooms are what people notice if you are going to remodel.
0 votes 12 answers Share Flag
Sat Aug 25, 2012
Shawna Becknell answered:
The best way to find the right agent is to interview them. If you would email me with your address, I would be happy to do some research on your property and come out and show you how I could market your estate. ... more
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Wed Aug 17, 2011
Jessie asked:
0 votes 0 Answers Share Flag
Sun Jul 31, 2011
Jack Gillis answered:
Interesting situation. Unfortunately, based on the limited facts you have presented here, only a real estate attorney in your area will be able to give an answer with any meaning. I will say, in most jurisdictions, the bank would have no right to change the locks and evict you until AFTER the foreclosure process.

Jack Gillis, M.B.A., J.D.
Jack Gillis Realty Advisors
Nathan Grace Real Estate, Broker
5619 Dyer Street | Suite 100
Dallas, TX 75206
Cell: 214.718.4910
Email: Jack@JackGillisRealty.com
... more
0 votes 6 answers Share Flag
Fri Aug 26, 2011
Bryan Smith answered:
You can search all homes for sale at www.BryanSmithSells.com

You can save the properties you like in the "favorites" section and refer back to them to narrow your search down. Let me know what you find and I will schedule the showings. ... more
0 votes 11 answers Share Flag
Thu Jul 7, 2011
Michael Emery answered:
Number 8 on the list does not apply to your situation.

Your landlord has been served a notice of foreclosure and until the sheriffs sale and then the confirmation of foreclosure they are the legal owner of the property and can charge rent - regardless of whether they are paying their mortgage.

Number 8 on the list is when the sheriffs sale has occurred and the court has issued a confirmation of foreclosure. Once the confirmation of foreclosure has occurred, THEN your landlord will no longer own the property and cannot legally collect rent from you.
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Tue Jun 21, 2011
Spirit Messingham answered:
Great question, talk with a local property management company. Tell them you are intersted in "hiring" them and what to expect and then of course you can decide to use them, or yourself armed with a credit report service (Experian) and Craigslist. Best of luck. ... more
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Tue Jun 21, 2011
Clint asked:
Wed Jul 9, 2014
Shifali Rouse answered:
Hello Tobbent,

You can certainly take the pre-approval with you but I doubt it will help as each bank has their own set of standards and underwriters who will likely need to see all of your documentation regardless. Keep in mind that a pre-approval is not actually a yes, it really only says that at first glance we (the bank) will likely give you a loan based on the information provided now. That information may change and we will want to scrutinize everything further when you are ready to move forward with a purchase. If you are ready to make a purchase I would check with a couple local banks on their rates and terms, then commit to the one you feel can best serve you and your needs.
You can try call my good friend & expert mortgage advisor:

Steve Alcorn, Mortgage Advisor
Coldwell Banker Home Loans
National Mortgage License #162026

Phone 859-486-8302
Fax 1-856-917-1366
Email Steve.Alcorn@MortgageFamily.com

He would be happy to guide you through the process, answer any questions, and certainly be able to advise you better on your questions then I can. I am not a mortgage consultant so I do not know all the ins and outs.

If you have questions or concerns directly related to Real Estate please call the Rouse Team at 513-328-0736 and visit our web site.
... more
0 votes 8 answers Share Flag
Sat Jun 4, 2011
answered:
The county auditor/assessor's value of your may not be your home's fair market value. It can be an indicator of which way your home values are going (if the auditor's value was less than it was before, that is a good sign that home values are decreasing), but it isn't something a lender considers when determining your home's value.

What it is a good indicator of is that your property taxes will likely decrease, as the county treasurer uses the assessed value's at one tool to determine how much to tax each property.

Should you refinance your mortgage? Well that does relate to your home's value, and if values are falling then it would become increasingly more difficult to refinance... however that doesn't mean you should refinance. If you should refinance depends on what your current mortgage terms are, what you can qualify for (rate, terms & cost), and what your plans are with the home. It begins to make sense to refinance when the total monthly savings you'll get from the lower payment exceeds the amount of closing costs you have to pay in order to do so, that is called the "break even point". If you plan on having your home for a short period of time, you better see some pretty big savings (payment-wise or more of the payment going towards principal - whatever your definition is) in order to pay closing costs... but if you see yourself owning your home & paying your loan off gradually over 20 years then the monthly savings doesn't need to be as big in order for a refinance to have benefit.

What I recommend you do is be prepared with your what your credit scores are (myFICO.com is one of the better places to get 2 of them - places that advertise "free scores" are not), mortgage statement, recent paystub, last 2 years of tax returns, and know how much you have in in assets (checking, savings, stocks, retirement, etc.) and talk to a few different mortgage professionals to go over your situation.

To get a good idea on your home's value I'd contact a real estate agent (call up the one who helped you buy the home) and ask if they could provide you a Comparative Market Analysis ("CMA" for short) which will use pretty much the same comparable sales an appraiser would use, and will also have an estimate of your home's fair market value. That figure (and the CMA's data) will be much more useful to a prospective lender. If you find getting a CMA is difficult (which I don't believe you will) then there are "home value estimator" websites (just Google that term) that range from pretty accurate to waaaay off base. Zillow.com is one of the more popular ones, if your home is in a suburban area (which is looks like it may be) then I've found that website to be in the ballpark with it's "Zestimate" of your home's value.
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Thu May 26, 2011
Ron Thomas answered:
Let me get this straight: You want to sell this property yourself, and you are not in the United States?
0 votes 2 answers Share Flag
Wed Jun 6, 2012
Michael Mccarthy answered:
Labgirl - I'd be happy to help and am an experienced Realtor of 19+years. The main things you need to have determined are: 1)What you can reasonably afford. 2)What the absolute requirements are (BRs, baths, garage, basement, fenced yard, etc.) 3)how is your timeframe for when you have to/want to be out of your current apartment (lease?). If you'd like call me at 513/478-4318. Regardless, best of luck!!
Mike McCarthy/Senior Sales Executive/Huff Realty-Anderson
... more
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Tue Apr 12, 2011
Jillybean asked:
0 votes 0 Answers Share Flag
Fri Aug 26, 2011
Finn Team answered:
Real estate agents in Cincinnati do not handle a lot of rentals or leasing.

I would check out www.cincyrents.com , they should have the information there to help you.

Let us know if we can do anything for you, good luck. ... more
0 votes 8 answers Share Flag
Tue Mar 22, 2011
Anna M Brocco answered:
There are other factors besides credit that determine mortgage qualification, therefore do visit with any qualified loan officer, after reviewing your financials, credit, debt, etc., a determination on qualification can be made--if for some reason you don't yet qualify, your loan officer may offer great suggestions as to what needs to be done in order to qualify in the near future...be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously. ... more
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Sun Mar 20, 2011
answered:
over 700 scores and they can get a second up to 95%. Contact me
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Sat Apr 9, 2011
Tracy Tomer answered:
Many are moving inside the "loop" with rising gas prices. I am 46 and bought a 1st floor bed and 1st floor bath home 7 years ago because of the gas prices and traffic jams. I bought within the loop in Blue Ash near Ronald Reagan. There are a lot of really great things going on in the city areas...just depends on where you want to be.
Tracy
RE/MAX Preferred Group
... more
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