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84107 : Real Estate Advice

  • All7
  • Local Info0
  • Home Buying2
  • Home Selling1
  • Market Conditions0

Activity 133
Tue Jun 17, 2014
David Wilson answered:
Hi Peter,
As a real estate professional, I can show you the best comparables for the home that you are interested in. Please feel free to call me or email me and I will be happy to furnish you with the information.

David Wilson
Principal Broker
Utah's Best Realty
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0 votes 4 answers Share Flag
Sat Mar 31, 2012
Rachel Kitterer answered:

You can talk to a real estate agent. They are the only ones that have access to the homes that have been sold, and for how much. Let me know if I can help you.


Rachel Kitterer
Chapman-Richards & Assoc.
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0 votes 7 answers Share Flag
Wed Apr 22, 2015
Sally Grenier answered:
Unfortunately, there aren't any options. Any buyer NEEDS to have a good credit score & history. Even a co-signer situation won't work as BOTH need to qualify. Their best bit is to just continue working on establishing credit, building up that score, and saving $$ for downpayment. Good luck! ... more
0 votes 8 answers Share Flag
Tue Feb 7, 2012
Justin Critchfield & The CritchfieldGroup answered:
Nevada is super cheap. And it seems good now cause its newer homes that look nice but with their unemployment being so high and there foreclosures still sky rocketing some experts are saying Nevada is 30 years away from returning to their prices. Arizona is 17 years. Which means that home prices will still decline and rents will decline. You want a rental where the job market is healthy. Lots of jobs means rents will always be solid. There are a few places that have solid rental markets where prices are still low. Utah has some great in slc co where you can pic up homes for 70k and rent them for $900 + a month. Other areas Ive seen do really well as well are ohio, and Indianapolis. Both those places have low prices for homes (like 40k) fully rented with year leases in place and property management companies set up, and you can get a good renter that pays $650 a month.
If your interested in any of those areas then call me cause I have connections to all those areas I mentioned.
P.s. we can get you homes in Nevada as well I just wouldnt recommend it :) And as far as llc its not a problem.
Justin Critchfield
RCI Realty
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0 votes 2 answers Share Flag
Wed Feb 8, 2012
Jaren Larsen answered:
Fri Feb 3, 2012
Tinab answered:
You can use an FHA 203K loan to purchase the home and include the cost of building the garage in the loan.
0 votes 4 answers Share Flag
Fri Feb 3, 2012
Lara McHenry answered:
You might want to speak with a lender about the FHA 203k loan program is the Department's primary program for the rehabilitation and repair of single family properties. Basically a home improvement loan. As such, it is an important tool for community and neighborhood revitalization and for expanding homeownership opportunities. Since these are the primary goals of HUD, the Department believes that FHA 203k loan is an important program and they intend to continue to strongly support the program and the lenders that participate in it
view the link below for more info.
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0 votes 13 answers Share Flag
Mon May 21, 2012
Terry Farnsworth answered:
DJ -

Absolutely. A good place to start is your local assessors office. Try an online search for the particular county, or township, where the property is located.

You can search by address, or PIN. If you can't find a particular transaction - call the office and ask for a sales history. This is public knowledge and most assessor's offices are more than willing to help and provide information or answer questions you may have. ... more
0 votes 10 answers Share Flag
Fri Dec 28, 2012
The credit scores on many of the consumer based credit sites are not the same as used by lenders. I have seen fellow mortgage professionals refer to them at FAKE, as opposed to FICO, scores. The only way to know if your scores are the same, or even close, is to meet with a mortgage professional. I would not provide a preapproval for a consumer based upon the credit scores from a site such as you have referenced....some mortgage consultants might; however, I have seen substantial variance in score values and would not consider misleading either consumer or real estate professionals. Best to you! ... more
0 votes 10 answers Share Flag
Tue May 20, 2014
Kristopher Furrow answered:
Hello & Happy New Year Voyagerbh,
There are a few questions that will change the way I might answer this question, here are a few to start...

1) What is the extent of dis-repair?
2) What is your current equity position?
3) Is the home occupied or rented?
4) Would you consider hiring and paying a general contractor to finish the work before marketing?
5) Have you considered offering the home for sale with a Lease option or Seller Financing?
6) Are you current on the payment, If so are you facing imminent default? If not how far behind are you?

There is a lot that goes into the valuation and marketing a home for sale in today's volatile market.

As far as Property Tax relief, there may be some short term options available. Maybe it is best to explore liquidating the asset altogether?

Please feel free to call me anytime to get information more specific to your needs.

Kristopher Furrow, REALTOR
-Associate Broker, CRS, ePRO

Windermere Real Estate - UTAH
Salt Lake City and Park City
2348 South Foothill Drive
Salt Lake City Utah, 84109
Direct: 801.999.8679
Office: 801.485.3151
Fax: 801.485.3152
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0 votes 9 answers Share Flag
Tue Dec 6, 2011
Clint Carter answered:
You may want to consider doing a short sale yourself, however you need to understand the potentially negative side effects of doing a short sale: your credit will be damaged, you may have a tax obligation for the deficiency, and the lender may pursue or require the negative equity to be repaid or repaid at a reduced or negotiated amount. I can answer all of these questions for you in more detail through a personal interview and review. You may also consider a loan modification if it makes sense, it all depends on your long and short term life plans.

Clint Carter
PDS Real Estate
Short Sale and REO Specialist
1415 S Main Street
Salt Lake City, Utah 84115
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0 votes 5 answers Share Flag
Tue Sep 2, 2014
Adam Wills answered:
Mon Dec 5, 2011
W. Scott Bennett answered:
Call Jon Hasebi at 801.747.1244 this is his office# if it can be done, he can do it.
0 votes 4 answers Share Flag
Tue May 22, 2012
Micah Olson answered:
I live in the Salt Lake area. I am a white male so I may not have the best experience, but from my interaction with people of all races here in Utah I have felt that people living here are generally very kind and are not racist. There are exceptions of course, but I think that most people living in Utah strive to follow Christian virtues and love all of their brothers and sisters.

I have two Latino children, and an African American daughter. We love the diversity in our family, and in our community.
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0 votes 5 answers Share Flag
Tue Oct 25, 2011
Phil Rotondo answered:
Purchasing 8-10 mil in 2 years.
Listing and selling properties.
Leads which you can't handle.
0 votes 8 answers Share Flag
Sat Aug 25, 2012
Christopher Lefebvre answered:
If you don't have the money to make up the difference in price on what you owe and the offer amount then you may be in a short sale situation. Perhaps you could counter offer and explain the situation and try to get the buyer to take care of the extra 3 grand? ... more
0 votes 9 answers Share Flag
Tue Aug 30, 2011
Micah Olson answered:
I have not talked to a lender that cares what the Visa status is of a borrower. They normally just want to have established credit, and verifiable income.

I have some friends here on a B1/B2 visa, who have gotten an ITIN, and are building credit using that number. They should be able to buy a home in a year or so.

Micah Olson
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0 votes 5 answers Share Flag
Wed Nov 30, 2011
John Juarez answered:
I suspect from the bad advice that you are getting that you are using the sellers agent as your agent. The advice of the agent is only benefitting the seller and is not in your best interest. I suspect that the short sale lender would cancel the short sale approval if they were aware that the person who is asking them to forgive a large amount of debt wants to remain in the house for an additional 30 days.

I did not see in your question any offer by the seller to pay rent for the 30 days. Do they also expect to stay for free in your new house?
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0 votes 11 answers Share Flag
Thu Feb 2, 2012
Justin Handt answered:
the normal is 1percent of purchase price
0 votes 15 answers Share Flag
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