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98168 : Real Estate Advice

  • All9
  • Local Info0
  • Home Buying2
  • Home Selling1
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Activity 722
Thu Feb 20, 2014
answered:
no , not unless you are eligible for a VA loan
0 votes 14 answers Share Flag
Fri Mar 29, 2013
Robert Merhaut answered:
Spec grade? Custom? Residential...commercial?
0 votes 2 answers Share Flag
Thu Mar 28, 2013
Danny Greco answered:
It really depends on a number of factors. Location, distance, desired demographics, price, etc. My team and I can certainly help you find what you desire. Feel free to contact me.

Best of luck
... more
0 votes 10 answers Share Flag
Wed Mar 27, 2013
Johan Tong answered:
Hi there,

In terms of location, have you thought about Renton and South King County? Or even stay in Olympia during this transition time?
In terms of finding a legit agent, I can certainly appreciate what you shared about shady characters. My farming area is in North Seattle. If you are to look for rental or something cheap to buy in south King County, I would not have recommendation for you. But you can always Google agents to find out more about them and use Zillow and Trulia to see what their past client said about them. I would say reviews are good indications. Good luck!! If you are looking in Olympia, I would have recommendation for you. Let me know if you do.

Johan Tong
Century 21 North Homes Realty, Inc.
... more
0 votes 8 answers Share Flag
Mon Mar 11, 2013
Dan Tabit answered:
Pup,
Changing ownership does not change the mortgage obligation. He may add them to the title, which is not uncommon, and this does nothing to their mortgage obligation, so I don't know what your question is. ... more
0 votes 4 answers Share Flag
Mon Feb 25, 2013
Gregorio Denny answered:
It sounds like you got used. Based on the information in this and your other post, It appears they closed your loan but something was wrong with it that made it ineligible for delivery to Fannie Mae. Since they can't sell it, it seems they convinced you to rescind and that takes them off the hook. If this is what happened you should never have rescinded. You should speak with an attorney to see if you have any recourse at this point. ... more
0 votes 2 answers Share Flag
Thu Feb 21, 2013
Rigo Marroquin answered:
HOA fees is the amount charged on a monthly basis for a Home Owners Association. If the property you are looking at has an association there might be a HOA fee for property maintenance and upkeep of the area. Typically this is a condition of the purchase; a buyer isn't given an option to reject it. Most homeowner associations are incorporated, and are subject to state statutes that govern non-profit corporations and homeowner associations ... more
0 votes 3 answers Share Flag
Wed Feb 20, 2013
Will Herlan answered:
Have you consider a house boat on Lake Union or Portage Bay? That definitely gets you into a place with character, and you have very quiet neighbors downstairs.

Take a look at listing #449202 - probably smaller than you are looking for. Let me know if you want to take a look-see.

Will
... more
0 votes 4 answers Share Flag
Wed Feb 20, 2013
The Cascade Team Real Estate answered:
You can get complete school and community information from this link for free!
0 votes 3 answers Share Flag
Tue Feb 19, 2013
The Cascade Team Real Estate answered:
Sammamish WA is on fire, plus it was named The MOST Friendly city in America and is one of the top 15 small cities in America!
0 votes 3 answers Share Flag
Sun Feb 17, 2013
Michael Copeland answered:
Hi Nangua,

I'm not sure if you are referring to Trulia in general when you say "I found lots of bank owned properties on your website," but if you see a property that doesn't have an MLS # it may just mean that it's not on the MLS which does not necessarily mean it is unavailable. Also, the MLS# may just be missing from the website you are using to look at properties.

If you are interested in purchasing a bank owned property or purchasing in general I would suggest you work with a real estate agent who can help find what you're looking for by accessing the MLS and sending you properties that are available and meet your criteria. Buyers agents are paid for by the seller and even in bank owned situations banks pay a commission for the transaction.

Hope this helps and you find what you're looking for. Feel free to contact me if you need help.

Michael Copeland
425-213-8124
Michael@mbcopeland.com
... more
0 votes 5 answers Share Flag
Thu Feb 14, 2013
Michael Copeland answered:
Hello Martha,

I just looked on the MLS and there are two active homes for sale in this location. Looks like the space rent is around $600 for homes here... One is $595 and the other is $615 according to the MLS. I've put a link to a search that includes both properties at this address in the web reference below in case you are interested in looking at them.

Hope this helps!

Michael Copeland
425-213-8124
michael@mbcopeland.com
... more
0 votes 1 answer Share Flag
Tue Feb 12, 2013
Ray Akers answered:
There are a few negatives to purchasing any new home. First, new homes typically lose a bit of value in the first year or so, not unlike a new car. In my experience, it's something like 4%-5%. Although you will recover any ---and build equity--- if you stay in the home 3 to 5 years. Even though new homes are built to the latest building codes, most new homes don't have that rock-solid feel of an older homes. New homes often have warranties, but I've seen data which indicates the warranty companies spend more money fighting homeowners, rather than settling claims. You may pay top-dollar for a new home, compared to an older home. Don't be afraid of buying an older, and putting in the time and money to make it 'new' again. Good luck. ... more
0 votes 3 answers Share Flag
Mon Feb 11, 2013
Ray Akers answered:
You win the prize for creativity! This is possibly the most creative real estate idea I've heard in quite some time. The first thing that popped into my head was "How old are you?" Today's investors are not too keen on waiting for a return on their investment. However, if your land is waterfront (or other choice location) then perhaps an investor would wait longer? I wonder if you've talked to lenders about financing the construction yourself? For example, Washington Federal Savings has a unique 'custom construction' loan program. Beyond that, I'd need more details about your situation before advising you further. Thanks for an interesting question! ... more
0 votes 4 answers Share Flag
Mon Feb 11, 2013
Robert Merhaut answered:
FHA requirements for prepaid five years MI are due because of so many FHA foreclosed homes. Can you try a conventional mortgage and pay MI for the minimum period (reappraisal) once your equity increases....or is your credit rating such that FHA is the only optoon? ... more
0 votes 11 answers Share Flag
Thu Feb 7, 2013
Michael Copeland answered:
Without seeing it and taking into consideration a lot of other details it is hard to give an exact estimate of how much to rent your apartment for. However, I've seen apartments similar in size and location to yours renting between $1,800-$2,500/mo. depending on the time of year,condition of the apartment, etc.

I would look online at what others are asking for rent on Craigslist, trulia, hotpads, etc.. And compare your unit to those. You don't want to be asking for the the highest rent on the beach but you don't want to lose $$$ either. Keep in mind that spring and summer months are quickly approaching and those are months that more people are thinking "wouldn't it be nice to live on the beach?"

You've got a great location working in your favor in addition to there being a very LOW inventory of similar available units. Good luck to you!

Michael Copeland
... more
0 votes 3 answers Share Flag
Wed Feb 6, 2013
Dan Tabit answered:
Earthsilence,
Thank you for asking. I would expect that someone would be contacting you regarding this. It might be a good idea to set your rent money aside until you are notified. Just be careful that whoever comes expecting your rent money is the actual owner, not a scam artist.
When you do pay, use a check and request an immediate receipt for your records.
... more
0 votes 5 answers Share Flag
Fri Dec 20, 2013
Shawn Springer answered:
I have a triplex in the neighborhood for the past five years. Never had a problem. Its a great area and close to everything.
0 votes 8 answers Share Flag
Mon Feb 11, 2013
Jirius Isaac answered:
It sounds as if he is getting an FHA or VA loan, but your credit scores should not be a problem. If he has good credit, I would recommend he go for a conventional loan. There are many advantages & he might want to discuss them with his lender. If he wants another opinion, I would be happy to chat with him if he wants to contact me directly.

Good luck to you in any case,
Jirius Isaac
Isaac Real Estate Team
Champions Real Estate Services
TriStar Finance #MLO-107799
Office: 425-483-6849 Cell: 206-841-9976
Winner of Seattle Magazines 5 Star
Real Estate Agent Best in Client Satisfaction Award
Mortgage Loan Originator Best in Client Satisfaction
... more
0 votes 7 answers Share Flag
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