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91345 : Real Estate Advice

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  • Local Info1
  • Home Buying0
  • Home Selling0
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Activity 5
Wed Mar 7, 2012
Edesterpach asked:
i am thinking about buying a mobile single family home and want to know if i can expect to make some money when i want to sell it in about 5 or 6 years.
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Thu Mar 15, 2012
Alain Picard answered:
In my opinion mobile homes don't really have great resale potential.
0 votes 5 answers Share Flag
Wed Sep 15, 2010
Dorene Slavitz answered:
I'm sorry Irene and believe me, I sympathize with you. But it's not against the law of offer a higher price then listed, or to offer all cash. Can you ask your realtor to show you "regular" sales, instead of Short Sale property? You will have a better chance of success with normal sales right now. ... more
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Wed Jul 22, 2009
Dorene Slavitz answered:
Dear Irene,
The freeway proximity would be a "nuisance" and something that will effect the property values of that house permanently. Right now, there is a huge battle going on, because our 405 freeways need to be expanded to accomodate the traffic..and guess what happens to nearby home owners when the city has to do this?
With the number of homes available right now, there is no reason to take a risk like this. If you were my client, I would advise against it.
... more
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Tue Aug 5, 2008
Bob McClure answered:
good afternoon.......my name is bob mcclure- i have almost 14 years of experience and will try to help you.....first..fha is for owner occupied properties....second....cash out is restricted to 95% of the market value unless you have owned the proprty for less than one year...then it is 95% of the purchase price..if you are going rate and term.....meaning you are just paying off what is owed and not taking any cash out.....the market value can be used to figure the loan amt. after one yr. and sales price prior to one yr......no real fico requirements, but the pricing (rate and costs) are now fico driven.....debt ratio can go to a bit higher than most conventional loans.....job tenure, etc, etc.is always easier with fha.lastly...the county your home is in will dictate the max. allowable mortgage amt. i can loan you...please call me anytime, incl evenings and weekends..bob mcclure- mortgage now- farmington, michigan...ii am licensed in your state and 18 others..i can also close you in your own backyard..best regards...... ... more
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