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46902 : Real Estate Advice

  • All9
  • Local Info0
  • Home Buying3
  • Home Selling1
  • Market Conditions1

Activity 25
Wed May 22, 2013
Ron Thomas answered:
If the house is a Shortsale or an REO, you need to have a Realtor represent you; the Banks will not deal with you directly.

If it is a NORMAL sale, you will want a Realtor representing your interests, and a Buyer's Agent costs you nothing.

Good luck and may God bless
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Mon Dec 3, 2012
Gary Mcclanahan answered:
Can u send pic's? Also price range u r asking? R u willing to do a contract?
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Mon Apr 16, 2012
Tina Lam answered:
If you can define what you consider to be spacious, perhaps a local agent will have some ideas. Are you looking at something larger than 1200 sqft?
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Sun Feb 12, 2012
Gregorio Denny answered:
Your credit history from 6 years ago has nothing to do with qualifying for an FHA loan today. You didn't say what they are doing. Are they just reviewing or are they denying you? There must be another reason for whatever it is and you should find out what that is prior to seeking other financing. ... more
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Sat Nov 19, 2011
Lew Corcoran answered:
The age of the property in this matter is irrelevant. And it has nothing do to with caring or not caring about you wanting to purchase a home.

FHA, as well as all other lenders, have underwriting requirements. You'd be amazed as to how thick the volumes are as to the requirements to lend money to people to buy homes. (But that's another story).

FHA requirements on well water is as follows:

"A domestic well must be a minimum of 50 feet from a septic tank, 100 feet from the septic tank's drain field and a minimum of 10 feet from any property line."

Now the requirement that the well be a certain distance from a septic tank and a leach bed makes sense. As for the distance requirements from a property line, I don't know the rationale. But it's there. If the home you want to purchase does not meet this requirement, then there are two options: Get the seller to dig a new well that conforms to FHA requirements, or else find another house to buy.

Hope this helps.
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Sat Oct 22, 2011
Tim Moore answered:
This sounds to me totally a wrong idea. What do you plan to do with the current house with the $1007 mortgage? If it needs lots and lots of work why not do that work rather than renting another house which still leaves all the work to be done and more work on the $40k house? I think you are going to have a hard time finding an investor for this, but good luck. ... more
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Fri Feb 4, 2011
Anna M Brocco answered:
If you are looking to sell, consider interviewing a few agents, or as many as needed, from different realty companies, then choose the one you like best and who has the most to offer; ask what marketing strategies will be implemented; what plans will be put in place to coordinate meetings with buyers; what feedback (communication) can you expect and with what frequency; will data be supplied to help establish a fair and marketable asking price; will buyers be pre-screened and required to have mortgage pre-approvals when submitting offers; what other services does the agency offer, if any, etc.; keep in mind that there are listing and selling agents, and just because an agent may have had the most sales, doesn't necessarily mean that agent is the best for you--choose your agent with care. ... more
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Sat Oct 30, 2010
Melissa Hanson answered:
There are actually a couple of homes there that may go lease option or contract. Please call me so we can discuss.
Melissa Hanson
765-434-6967
0 votes 1 answer Share Flag
Fri Oct 1, 2010
Sue asked:
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Sun Apr 25, 2010
Anna M Brocco answered:
What is your agent advising--are you in contract and was the appraisal done on your behalf or was it just heresay--If the appraisal was done on your behalf you can try renegotiating with seller--if it was just something you heard--you need to be aware of recently sold similar properties in the immediate area--review the data and then make your determination--again your agent can best advise you. ... more
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Tue Apr 20, 2010
Richard Lecinski answered:
Talk with your realtor. If you do not have one then look up Pillar to Post. Its a national company. I use them in Tucson and they really do a great job for me.
0 votes 2 answers Share Flag
Fri Feb 3, 2012
Betty Byrnes answered:
Linda -

The house at 4041 Springmill Drive is not listed for sale in the local MLS. It looks like it was slated for the November sheriff's sale but cancelled. The current owners purchased it in 2007 and are still listed as the owners. The property could be in the process of being foreclosed or the owners may have worked out something with the lender.

Have you seen a for sale sign in front of the house? Have you seen it online? What makes you think it is for sale?
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Wed Apr 14, 2010
Karen Sergison & Missy Nalewaik answered:
The buyers will receive the home inspection report from the home inspector shortly after the inspection is complete or at the end of the inspection if they are in attendance. You as the seller could also attend the inspection. In DE we write in the contract a timeframe for the seller to receive the items from the buyers that need to be addressed from the inspection report - usually within 3 days. At that point the seller responses to the buyer with what corrective action will be taken (again within 3 days). Depending on the items and action required there maybe a negotiation on the items to be repaired. ... more
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Wed Apr 14, 2010
Dan Chase answered:
You really should go with the inspector when it is being looked at. That way you would know immediately if it passed or not. More importantly. You could ask questions and get a real view of what is right and wrong not just a paper printout that you may not really understand so well. ... more
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Tue Apr 13, 2010
Betty Byrnes answered:
Linda -

There aren't any homes on the market right now on Springmill. The last one offered and sold was in July 2009. If you have a street number it might be possible to find more information.

You can call me at 765-513-0354 or send me an email at betty@athomeinkokomo.com
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Thu Aug 9, 2012
Leslie and Gary Rhinebarger answered:
Graduation on your engagement i hope you have many year of happy bliss. in today's market we can find you a very nice home for under 60,000, we can find you a home that you will not have to do anything but move in. or we can find you a repo. you may have to do a little repairs & updating but the return on your investment would be greater in the long run. and also I'm guessing that you will be a first time buyer. you will receive a 10% up to $8000 tax credit for buying, please give me a call at 765-860-3758 or e-mail at garyrksgroup@aol.com. I would be glad to answer all your questions and help you find a home of your dreams
Gary Rhinebarger
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Wed Sep 16, 2009
Betty Byrnes answered:
Twist -

Did you check with your realtor to see if they can find out why they are asking this? If you don't have an agent, you'll need to contact the lender that asked what you paid? I'm guessing it has something to do with many of the changes in lending and some of the "anti-flipping" rules.

Incidentally, you may want to check with you CPA, I believe whatever you make over and above what you paid for the house plus your documented expenses for improvements and your selling costs is considered profit - whether you put it in your pocket or send it to the IRS.
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Mon Aug 10, 2009
Betty Byrnes answered:
Nobus -

There are several highly regarded appraisers in Kokomo. I would be glad to send you their names and contact information. Send me an email at betty @ athomeinkokomo . com (omit the spaces).

There are also several excellent real estate agents who sell properties in Kokomo. I like to think that I am one of them. I welcome the opportunity to talk with you and see how I can help you.

I look forward to hearing from you,

Betty Byrnes
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