It depends in large part on whether basements are expected--whether they're considered normal--in your area. In some places--as with places with high water tables or in really rocky areas--basements aren't expected. So a home without a basement isn't negatively affected. In other areas, though, where buyers expect a basement, it can affect the value.
It also obviously depends on whether the basement is finished (which can add value) or unfinished (in which case it may add relatively little value).
And it depends on the value of nearby homes. A basement in a home worth $600,000 probably will add more value than a basement in a home selling for $80,000.
Check with a Realtor in your area--and even specifically your neighborhood--for a more precise answer. Where I live (and this may not be at all reflective of your neighborhood, buyer expectations, etc.) a basement might add $10,000-$20,000 to a home's value, and maybe another $10,000 if it's nicely finished.
In our mls there is a box where an agent can indicate whether the seller is willing to finance the sale of their home. Contact a realtor to provide you with a list of those homes that match your needs.
Also, check out ads in the newspaper, Craigslist, FSBO and other sites. Sellers who are offering this option will certainly include it in their ads.
Some sellers are willing to do it, but don't want to make it a first option. If you like a house, ask your agent to inquire on the possibility for that house.
RE/MAX On The Water
The association fee is $180 a month and as far as taxes they have yet to be determined as this is a new property. If I can assist you with any other information or you would like to set up a showing feel free to call me.
Century 21 First Realty-Appleton... more
There are several ways you can approach this. You can hire a professional "stager" who will make suggestions and even handle the staging for you. Or you can list your home with an excellent Real Estate Agent that has enough experience that know what problem areas your home has and will tell you how to handle them in the least expensive way.
But you need to be ready to accept their constructive comments and ebe willing to make the changes necessary to help your home sell rapidly. If you don't have a Realtor that you know of there in Jacksonville, FL, drop me a quick line and I will make a recommendation for you.... more
I checked with a mortgage company last week with the same question and was told as long as the appraisal has been done you can list the home. If you would like to discuss listing your home feel free to contact me.... more
Yes you can hire a property manager to manage the property for you and send you the rent money by direct deposit into a bank. If you have a mortgage on the property still you will want to make sure that you pay the mortgage, taxes, insurance and all that good stuff. If the property is vacant for some time then you still have to pay your obligations without rent coming in. Therefore, be careful that you work with a good property management company. Good luck!... more
Who is the lender? My guess is it's Wells Fargo by the way you described their process. I've delt with numerous lenders and my advice is to call them on a daily basis. Even if they've said in the past, the negotiator will call you, the agent should be calling, calling, and calling again. Sometimes it's over looked by other deals on the table, but if you're persistant, they will get a move on it.... more
I don't have a copy of your offer in my hand, so my comments are general in nature. If you are using the standard Wisconsin forms, also applicable in Appleton, this should be correct.
Usually, if your offer has indeed been accepted, and the offer is structured properly to allow you time to have your contingencies satisfied, then you will remain in primary position and can continue forward knowing that your offer is the accepted primary offer. The seller is free to consider any and all offers on the property, and they can accept a secondary offer, which will remain a "back-up" offer to yours. If for some reason you are not able to perform and buy the property, the seller will have another offer in hand that they may choose to elevate to a primary status.
Watch your dates carefully and make sure you communicate regularly with your agent as to the progress with your bank, etc.
Best wishes!... more
You should be able to! Remember they look at your income and debts. Social Security Income should qualify. Take that and any other income you have and than divide that number by your monthly payments on any Credit Cards etc...and add your projected payment to that. If teh number is 30-40% than you are in great shape.
So a $2500 permonth income with modest debt should allow you to pay about $800 to $1000 in payment or about $100,000 for a property. From what I do know Wisconsin is a great value and that should buy you a decent place! Plus the Packers and Badgers are from there so you are in really great shape!