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45475 : Real Estate Advice

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Activity 148
Wed Apr 8, 2009
Mike B answered:
You need to have a payment ready at closing to pay for the accrued interest through the month. You payoff equals your balance + daily accrued interest.

Hope that heps.
0 votes 1 answer Share Flag
Wed Jul 22, 2009
Mary Starkey answered:
Many buyers are also looking for similar homes, therefore the competition is great. Many foreclosed homes are selling for the asking price or above the asking price as multiple offers are received. Buyers also need to be careful of foreclosed homes that have been damaged by previous owners. Coldwell Banker Heritage has the most foreclosed listings in the Dayton area. The foreclosed office is located in Springboro, and most Realtors in that location has extensive experience in foreclosed homes. Recently, a buyer I am working with has gotten his offer accepted on a foreclosed home and we are now on our way to a succesful closing. ... more
0 votes 4 answers Share Flag
Mon Mar 23, 2009
Dallas Texas answered:
I work with many who are PML or aka HML contact my office happy consult with you.

972-699-9111

Lynn911
~ National Featured Realtor and Consultant, Lecturer regarding Credit Repair, Mortgage Loan Officer ... more
0 votes 0 Answers Share Flag
Tue Mar 3, 2009
Cindy Buckreus answered:
Hi Lorrie!!

Actually,,,,,it is busy with buyers!! Rate are wonderful. We have thousands coming to WPAFB!!! Where will you be working? I have lived here my whole life,,,,,,,,would love to show you around!!! I can help you with the entire process form beginning to end.

Cindy B 937-609-5043
www.cindybuckreus.com
... more
0 votes 4 answers Share Flag
Wed Nov 6, 2013
Ian Stein answered:
The catch would be how much they are going to buy your home for. A few Realtors in town offer this arrangement as well as the "if you buy this home, I will buy yours" pitch. On that particular deal the buyer has to buy a property worth more than the home they are leaving AND sell for (from what I've heard) %80 of the value. I am of the opinion that the for-mentioned realty company will set the price. It would be up to the seller to decide if the set price is reasonable.

Ian E. Stein
Prudential One Realtors
937.426.7070
... more
0 votes 4 answers Share Flag
Thu Jan 8, 2009
Bill Eckler answered:
Exactly........

Our recommendation is to utilize the skills of a specific real estate professional that can provide you with this information and more FREE.

Good luck
0 votes 1 answer Share Flag
Wed Sep 28, 2011
Barbara Chasteen answered:
The best way to find the home's value would be to have an appraisal done on the property.
This would cost you (The buyer) a few hundred dollars, but could save you thousands. Having an appraisal done will give you better insight and will help you make an offer without offending the seller.
There are also home value sites such as, Zillow but in my opinion they are are not the most accurate.
... more
0 votes 10 answers Share Flag
Mon Jan 5, 2009
Lorna Furderer answered:
Christina,

are you working with an agent? If so, is that agent providing you with the statistics on the solds and the price per square foot average in that area? You seem to have a good handle on that the Montgomery County auditor has assessed this at - if this is your gut feeling, go with it. Your agent is your negotiator.....any questions, feel free to email or call me!

Lorna Furderer, Realtor
Real Living Realty Services
(937)431-7139
lorna.furderer@realliving.com
... more
0 votes 5 answers Share Flag
Sun Jan 4, 2009
Dallas Texas answered:
All bank foreclosures be prepared drama, it has nothing to do with the agents it the bank, not 1st time this has happened. Till the paperwork is executed seller can accept and review any other offers, if the bank took another bid not much you can do. Report the bank not the agents, it is out the agents control they are not the seller, only do as what is instructed on the sellers behalf. Sorry to hear about the circumstance. ... more
0 votes 8 answers Share Flag
Sat Nov 22, 2008
Emily Erekuff answered:
Hi Joyce,

There is no property information associated with your question. I recommend that you post an answer here with a link to the property you are interested in or the property address.

Best Wishes,

Emily Gibson
Community Moderator
... more
0 votes 2 answers Share Flag
Tue Dec 9, 2008
Lew Corcoran answered:
Your Realtor should have prepared a Comparative Market Analysis (CMA) to give you an idea of the property's current market value.

That being said, negotiations should be a win-win for both the buyer and seller. Your initial offer was $196,000 ($200,000 - $4,000 for seller assist), which is $18,000 less than their asking price. They countered. You then countered with a take it or leave it offer of $7900 less than their asking price. It could be that the current asking price of $214,900 is already below the property's market value. You might have cut the negotiations short. Only time will tell. ... more
0 votes 5 answers Share Flag
Tue Oct 14, 2008
Mark Ryan-Mark Ryan Group answered:
Gary,

First, did you sign an exclusive agreement with the agent you are working with? That is like a listing agreement when you sell that says you will use this agent to buy... If so, then you need to use them. If not you have options. But, if you are talking about doing a lease purchase agreement on the new home it could be helpful to only have one agent... Or, are you just renting your existing home? If that is the case you need to consider that you will HAVE to put more money down if you are using a conventional loan to buy... underwriting guidelines have changed for renting out your existing home in the same area you buy...

This is really such a wide ranging question... IF you are not under an exclusive agreement why don't you give me a call and I can answer your questions better in person. If you are exclusive then we can not interfere with your existing client agent relationship.

Hope this helps, you are smart to have your eyes open.

Mark Ryan
... more
0 votes 7 answers Share Flag
Sun Oct 4, 2009
Christina Asad Edwards answered:
Hi Rachael!

There are a lot of great areas surrounding WPAFB with the criteria you mentioned. If you go on Google maps then you can do Streetview and see the specific homes that are for sale. Please let me know if you need additional help.

Christina Asad Edwards, REALTOR
2006 & 2007 Sales Masters Top Agent
Christina.AsadEdwards@RealLiving.com
www.teamedwards.info
mobile or text 937-205-4741
office 937-573-0082
fax 937-433-3561
Real Living Realty - #1 in OHIO!
Realty, Mortgage, Title, Relocation
... more
0 votes 13 answers Share Flag
Fri Aug 8, 2008
Grace Gorenflo answered:
I guess my biggest concern would be a question -- have you talked to a lender to verify that you can carry two loans? Rules have changed and tightened so check with your lender before you do anything. ... more
0 votes 5 answers Share Flag
Wed Aug 25, 2010
Shel-lee Davis answered:
When selling distressed property, you want to work with someone who specializes in this area. They will have a group of investors they work with on a regular basis, contacts at the various lenders, and a wealth of other knowledge to make your home selling process go smoothly. Please contact me with some specifics about your situation and I see if I can refer you to someone in your area that can help you out. ... more
0 votes 7 answers Share Flag
Tue May 13, 2008
Julie answered:
Speak to your lender. This is very common with a lot of the first-time home buyers and young couples that I work with. Often times they with have a parent with good credit and income cosign the loan for them to help them qualify. A cosigner is not necessarily responsible for any of the monthly mortgage payment - unless that is an arrangement you have worked out - but if you default on your loan the cosigner will be held accountable. Good luck! ... more
0 votes 2 answers Share Flag
Mon Jun 30, 2008
Doug Wagner answered:
Michelle-
Congratulations on your selection of the University of Dayton School of Law. My wife and real estate partner, Nancy, is a graduate of the UD School of Law ('84) and has a network of friends still involved at the school . In addition to your real estate search, we can assist in your overall transition to UD. Feel free to contact us directly and we will be happy to help you begin your search.

Best regards,
Doug Wagner, ABR e-Pro
937.433.HOME (4663)
info@WagnerRealtyGroup.com
... more
0 votes 6 answers Share Flag
Thu Apr 10, 2008
John Youker, Broker answered:
Great deals are not found, they are made. I recently helped a buyer save over $35,000 off of the purchase price of a home, simply by writing an offer on it. I just showed EVERY home in Beavercreek that falls into that category and there is a lot out there if you dont mind doing a bit of work on a home to update it - there is a lot of junkl on the market right now.

I have 3 listings in Centerville - one that may work very well for you, it is at $239,700 and has 3200 sq. ft. and is very well updated.

Let me know or visit our website to set up a search for what you may want. You can also visit http://www.DaytonMarketInfo.com to request a search of all available homes that match your criteria. I know of a VERY nice home in Summerfield that is not listed yet that they may be willing to show you and also I know of one in Farmbrook that has a LOT of potential as well. Visit our site, we would love to help you.
... more
0 votes 3 answers Share Flag
Wed Apr 23, 2008
Judy Davis, CRS answered:
This is another consult an attorney answer. I believe part of the answer will depend on who is in tile, Who is on the loan and what type of deed.
0 votes 1 answer Share Flag
Tue Mar 4, 2008
James Gordon ABR SFR SRS answered:
Which house are you looking for? If you could be more specific an expert in area could be of assistance.
0 votes 3 answers Share Flag
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