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88577 : Real Estate Advice

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Activity 201
Thu Apr 17, 2014
Kevin Olson, Jessica Laude answered:
Contact the local police department, and when asking for a report/information on the neighborhood you are interested in, pay attention to the tone of voice the person on the other end has. Many times you can pick up on things by their tone of voice, things you can't get from reading a piece of paper. This is the best and most accurate way to find out if an area is safe and/or the crime rate.

You can also drive through the area at night, but this isn't always as safe. Contact police first, and if you see it fit to proceed, drive through during the day and at night to see how it feels. Intuition and following your gut adds to the final verdict every time.
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Tue Nov 30, 2010
answered:
Hi there ...
Everyone will tell you that you must wait 3 years to get a FHA mortgage unless you can prove extenuating circumstances - which is very limited. This is true
I do loans with lenders that will take a good look at your total picture and may proceed. FYI a lot will depend on how much you have to put down, your solid income and your total asset picture. They (some) don't care about your credit score -
Let me know if you want to explore this... I wish you the best.
Sincerely,
Celia
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Mon Sep 20, 2010
Rick Snow answered:
The amount and details of any earnest money deposit are negotiable. The standard TREC contract has provisions built into it that allow for the return of earnest money in different situations however provisions that are written into a contract may take precedence over the stard provisions. If you have questions about the specifics of the contract you should consult an attorney as real estate licensees are not allowed to give legal advice. Bottom line, if you don't want to give a non refundable deposit....don't. There are plenty of houses out there.

Good luck
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Fri Aug 23, 2013
jo answered:
The best thing you can do is GO LOOK YOURSELF...Whats safe or not safe to one person, wont exactly be the same thing for you. Take some time and walk the area's. Talk to store owners. Go to the local police department in the area, have a talk with them. For your daughters sake, this is something you 2 should do yourselves...

Hope this helps and good luck :)
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Sun Aug 29, 2010
Dallas Texas answered:
Best visit a mobile home dealership close to your area. Keep in mind there is an expense of transporting the home to the property, set up fees, permits and etc.

Lynn911.com
0 votes 1 answer Share Flag
Mon Aug 9, 2010
Josef Ski answered:
Avanian,

One of the first and most important steps to selling a home is to know what the market value of the home is. The second most important step would be to speak with a REALTOR! A professional real estate agent will be able to guide you through the process. Please visit the following link http://www.epthomes.com/For_Sellers/page_988128.html where you will be able to download all the information you will need. It's free and without any obligation. It's a service that I would be more than happy to share with you. If you need any more information. Please feel free to contact me. ... more
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Mon Jul 26, 2010
Jim Lanfranchi answered:
You would contact your City's or County's assessor's office. Be prepared for a possible increase in your home's taxes though!! Also, the building inspector may pay you a visit to try and figure out how your home "grew." A good appraiser will measure your home properly and then try to reconcile any differences between the property card and his/her measurements, and explain them in the appriasal report. ... more
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Tue Jul 27, 2010
Anna M Brocco answered:
When it comes to any crime concerns, your best source of information is the local police department--consider a visit/call and ask all your questions, they'll gladly help and you will have heard all firsthand. ... more
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Fri Jul 30, 2010
Cynthia Morris answered:
Howdy Jeramyjoe
Credit Credit Credit is the most talked about topic today. 637 will get you into a mortgage. Foreclosures, if your foreclosure was 24 months ago when you get a loan, bingo you are in .
So tell me about the Eastside home you are interested in.
Looking forward to hearing from you soon!
Cynthia Ann Morris,
"At Home With Diversity: One America" REALTOR®:
CNE, CRS ,CSP,ePRO, GRI, TAHS,Texas Property Tax Arbitrator
Sales, Property Management and Investing
First Time Home Buyer Specialist
Short Sales and Foreclosure
WE BUY HOMES
Broker-Owner
Serving you and all of El Paso County..
Phone 915 471 4300
Fax 915 855 4609
email cynthia@EPHomeSearch.com
Website www.EPHomeSearch.com
I want to be the only REALTOR ® you will ever need
Technology will NEVER replace real estate professionals, but real estate professionals with technology WILL
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Wed Jul 28, 2010
Rick Snow answered:
While price per square ft can give a good general indication of market value in a given subdivision it is only general. You must consider land value which would depend on lot size and location as well as the condition of the home. How much you offer should be based on the market and marketability of that home, the comparable properties that have sold and the competition currently on the market. And most importantly how comfortable you are with your offer price. Sorry if this seems kind of vague, but agency laws can get an agent in trouble for answering a question like this if they do not specifcally represent you. If you are currenlty working with a buyer's agent they should be able to assist you. As an Accredted Buyer Representative (ABR) I would be happy to discuss this with you in depth if you are not currently represented. Good Luck ... more
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Wed Jul 28, 2010
Don Tepper answered:
You can offer $1, if you want.

You say houses in that area are valued at $140,000. Are you sure? Really sure? Is that what they're SELLING at? Or are those just the asking prices?

The asking price has no relationship to what you should offer. None. Nada. Zip. Forget asking price.

First, determine what the house would sell for in good, fixed-up condition. Let's say it's $125,000. Then determine how much the repairs would cost to bring it up to that good condition. Say $25,000, just to pick a number out of the air. Then factor in the "hassle factor"--your time and effort involved in fixing up the property.

The most an investor would offer would be about $60,000. With the same figures, you could go somewhat higher. But--recognizing that if you received a bid of $25,000 for repairs, the actual figure is invariably higher, I wouldn't feel safe offering anything above about $85,000.

Again, those are hypothetical numbers. Maybe the house really would be worth $140,000 and repairs might only be $10,000. In that case, an investor might go up to $82,000 and you might go up to about $110,000.

But the two unknowns are: (1) how much is the house REALLY worth in good condition? and (2) what's the cost for the repairs?

A local Realtor certainly can help you with the property valuation, as well as some bidding strategies.

Hope that helps.
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Sat Jun 26, 2010
Cynthia Morris answered:
Price per square foot varies greatly in any area. Variances are attributed to condition, ammenities, location, size, age, new or resale or short sale or foreclosure or auction. Whew and that is only part of the valuation equation. So today in 79938 there is as low as $38 to a high of $140. Just looking, what are you looking for. We have it all...

Wishes that just looking is fun, and if it is not call me

Cynthia Ann Morris,
"At Home With Diversity: One America" REALTOR®:
CNE, CRS ,CSP,ePRO, GRI, TAHS,Texas Property Tax Arbitrator
Sales, Property Management and Investing
First Time Home Buyer Specialist
Short Sales and Foreclosure
WE BUY HOUSES
Broker-Owner
Serving you and all of El Paso County..
Phone 915 471 4300
Fax 915 855 4609
email cynthia@EPHomeSearch.com
Website www.EPHomeSearch.com
I want to be the only REALTOR ® you will ever need
Technology will NEVER replace real estate professionals, but real estate professionals with technology WILL
... more
0 votes 1 answer Share Flag
Thu Apr 29, 2010
Dallas Texas answered:
Refer to the Police Department website

Also search via zip code, google search media based articles.

Professional code of ethics Realtors can't make any comments we can only direct you to source of information

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
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Tue Jul 3, 2012
James Wehner answered:
Yes, they sure can. A REO listing agent can independently hire who ever they choose to take photos for BPO's or for properties they are about to list. There are several companies out there already who offer these services. ... more
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Wed Apr 28, 2010
Don Tepper answered:
Yes.

It's true.

The question would be: Who would be your clients or customers?

Qualifications would include a good quality digital camera capable of taking high resolution photos. Plus, of course, the skills and knowledge necessary to take good photos. ... more
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Wed Apr 7, 2010
Big Will asked:
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Sat Apr 3, 2010
Don Tepper answered:
If you're talking about anything fraudulent or anything that would mislead a creditor, don't do it. No, it wouldn't be worth it--legally or ethically.

Further, as a purely practical matter, if you have a low credit score, you have it for a reason. Most people's scores are low because they're not good at managing their finances. Fraudulently acquiring a good credit score won't change that. You'd just be someone who can't manage his finances with a good credit score. One that very likely would soon deteriorate into a poor one.

Don't even consider it.
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Tue Apr 16, 2013
Carlos Chavez answered:
You could go down to the central appraisal district and spend half of your day finding out what has happened in the past. However the easiest way is to get a professional's opinion on exactly what the property is worth, and depending on what your friend wants to do, the ranges may vary. ... more
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Wed Mar 24, 2010
Michael Linares asked:
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