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Home Buying in 53406 : Real Estate Advice

  • All9
  • Local Info1
  • Home Buying1
  • Home Selling1
  • Market Conditions3

Activity 12
Fri Aug 9, 2013
Sunnie Zemaj answered:
The term "nice" is vague.Please send me your criteria (neighborhood,area,school district,price range,etc).....I would be more than happy to assist you!

0 votes 1 answer Share Flag
Tue Mar 15, 2011
Dallas Texas answered:
Confused are you wanting to purchase another home in CO I am assuming ?

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
... more
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Mon Nov 29, 2010
This is a tough call. Generally when someone declares bankcruptcy, they look for well established credit afterwards. Does he have an explanation for having a repo after a bankcruptcy, and how long afterwards was it? Seeing as you have had issues before, whether they approve you or not, you should take a hard look at what you are doing, and make sure that you feel comfortable with the payments you will have, and your debt ratio. There are times that desktop underwriting will approve a ratio up to 55%, but after having taxes, social security, possibly insurance and other things deducted, you are not left with that much to pay your other bills and buy food. I would say that if your debt ratio is relatively low, let's say a total of 38% including the new payment, you should be fine. That is the old fashioned ratio, and it's possible that we never should have gotten away from that. Even if you put a minimum amount down, you are paying off principal with every payment, and you wouldn't want to lose any of that if you couldn't make your payments. ... more
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Sun Apr 8, 2012
David Bellovary answered:
Dear Joy,

Absolutely, you should be talking to a local lender. As much as everyone thinks that nationwide/internet based lending is the way of the future, there is something still to be said for having a real live loan originator that you can personally talk to when something "screws" up. When you never see or meet that person, and only communicate through emails and voice messages, it is often very nerve wracking. Considering that this person is helping to coordinate what may be your largest purchase of a lifetime, I feel it is best to have them local rather than in another distant city or state. Add to that the differences in state lending laws and practices which can create some very interesting problems. Many states are what are known as "escrow states", which Wisconsin is not. Having lived in both types of states, I can tell you that the way a real estate transaction is closed in Wisconsin is totally different than it is in California. If you are going to use an out of state lender, make sure they understand the differences. Otherwise you might end up at a closing table in Racine waiting for funds that are delayed for hours or days.

If you need some names of reputable lenders in the area, call or email me and I will be happy to supply you with a list of folks that will treat you right. Lots of luck with your move!

Dave Bellovary
Broker Associate
RE/MAX Newport Realty Corp
Racine, WI
262-939-0935 (Direct)
... more
0 votes 4 answers Share Flag
Thu Apr 22, 2010
Joan Braunschweiger answered:
I am not sure what statistics will show you.
You need to interview agents. Interview them until you KNOW you have found the right one. Be picky, take your time and don9;t settle or get pushed into anything.
For the largest purchase of your life (at least for most people), it pays to be picky. The difference between a great agent and a mediocre (or worse) agent is like night and day.
Remember the agent works for you so you have to think of it like they are interviewing for a job, which is in fact what they are doing.
Agents should not only be knowledgeable but they should be willing to answer any and all questions you have thoroughly and patiently. If they don't know the answer, they should say "I don't know, but I will get back to you ASAP" and then do it. They should be flexible (within reason) about working around YOUR schedule.
They should listen to what you say and stick with it. If they don't (say on price) they should explain why. All phone calls and inquiries should be returned on a timely basis.
They should be willing to take you through and explain the process thoroughly from beginning to end.
You need to be able to trust your agent completely and know, without doubt that they are advocating for you.
I hope I helped at least a little.
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0 votes 7 answers Share Flag
Fri Apr 16, 2010
Don Tepper answered:
There may be a mathematical average. Who knows? 8%? 5%? 2%? Maybe they're paying above asking price. I can identify areas where homes are, on average, selling for more than their asking prices.

It really, really, really doesn't matter what the mathematical average is. Not unless you're an economist doing research.
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Wed Feb 24, 2010
Joseph Domino answered:
Probably not. The property is probably listed at a price where the Seller has no room to give and accepting a low bid will kick in the Short Sale. Your agent should be able to find out what the Seller owes on the property and determine how low they can go. If you want to bid low, you might get it, but you may have to endure the lengthy Short Sale process to get it. ... more
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Thu Apr 8, 2010
Mini Samuel answered:
Im not sure what sort of restrictions you are referring to..Please call me (262) 960-0468 and I can address all the questions you may have..Thanks! Mini
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Tue Oct 13, 2009
Kathleen Lordbock answered:
I can only hope that this was done through a REALTOR, had a time limit on the response and that you included earnest money as part of your sincerity in purchasing.
0 votes 4 answers Share Flag
Thu Oct 8, 2009
Thomas P. Leisle Jr. answered:
Dear Jennifer,

First, it doesn't matter. What does matter to you is what the house is worth on the market today and, more importantly, what it is worth to you (or more appropriately, what you can afford to pay).

Having said that, however, the information is recorded with the Racine County Register of Deeds and can best be accessed by ordering a Title Report from a title agency. This will also, and most importantly, tell you definitively who the owner is so as to ensure that the person to whom you make an offer is actually able to deliver clear title to you.

Best of Luck.

Thomas P. Leisle Jr.
... more
0 votes 2 answers Share Flag
Thu Jun 18, 2009
Vicky Chrisner answered:
Not cool.

Is your contract fully ratified? If the contract is not fully ratified, then chances are they can do it, but your agent would have to put you in touch with an attorney to help you interpret the law relating to verbal contracts. If it is fully ratified, then read the contract specifically for language allowing that. Again, an attorney can tell you if the language in the contract is enough, as some things found in contracts are rendered void or unenforceable by state or local code. If the contract is ratified and there's no language in there allowing this action, then my guess (guess) is that you can enforce the contract. No matter which applies, you'll need an attorney on this one. ... more
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Sun Apr 27, 2008
Duane Murphy answered:

The question first would be what golf course/area? Prices can vary quite drastically based upon what type of course you want to be on and if you are restricted by geographics. In most situations I would tend to believe unless it is a new course that is being built a 1.5 acre lot is going to be hard to come by especially in a sub-urban setting. ... more
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