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Allen County : Real Estate Advice

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  • Home Buying1
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Activity 92
Sat Oct 22, 2011
Mary Sherer answered:
Not sure who NACA is. If you need financing, a good person to call is Mona Lill with Polaris Home Funding. Her contact information is as follows:

Mona Lill
Polaris Home Funding Corp.
260-969-8590
askmona@polaishfc.com
3914 New Vision Drive
Fort Wayne, IN 46845
... more
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Fri Feb 10, 2012
Anna M Brocco answered:
You really should consider working with an agent of your own; and before purchasing any property, a home inspection conducted by a licensed professional is highly recommended. Since there was no executed contract, signed by all parties, the seller is free to do as he/she pleases....again, work with an agent... ... more
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Mon Sep 10, 2012
Scott Godzyk answered:
You need to have your listing agent complete a new broker priceopinion, you need to assess what your house is worth in todays market and make sure your house is priced at or just below market value. That is the first step. The question is why isnt your listing agent getting feeback on the other 19 showings. it is important to know how buyers feel so you know what to do about it, good luck with your sale ... more
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Sat Oct 22, 2011
Jennifer Blanchard answered:
Hi Alan,
Trulia does not support For Sale By Owner properties. You need to be listed with a realtor to have a for sale listing on Trulia.
Good Luck!
Jennfer
0 votes 2 answers Share Flag
Sat Oct 22, 2011
Suzanne MacDowell answered:
I don't know the local laws, however, I know this can be an issue for the buyer. They will not be able to get an FHA backed mortgage unless they go for an FHA 203K mortgage. You may want to see if you can find a realtor who is an FHA 203K specialist. Look for someone at www.rebuildusa.com. The problem is, otherwise, you will be limited to people who are eligible for either a conventional mortgage or paying cash. It eliminates a huge pool of buyers. If local ordinances and so on permit, you may still be able to sell the home, but expect buyers to want a discount. ... more
0 votes 3 answers Share Flag
Thu Sep 1, 2011
Vicki Marsh answered:
You may be able to obtain a mortgage, depending on several factors...
1) If your bankruptcy has been discharged
2) Your credit score is high enough
3) You do not have any additional judgements/charge offs/etc.

You should contact a local lender, and let them run your credit through the 3 credit reporting agencies to give you the green light on purchasing and to give you the price point you are able to purchase.

Good luck!
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Sat Oct 22, 2011
Brian Loney answered:
348 have been sold month-to-date by UPSTAR members

Brian Loney, owner/broker
Move in Motion - Modern Real Estate
(260) 437-9581 cell
(260) 627-4510 phone
(260) 627-4513 fax
www.moveinmotion.com ... more
0 votes 2 answers Share Flag
Tue Jun 21, 2011
Brian Loney answered:
Hi Mr. Lewis,

There are a lot of good agents in our area. The listing agent may very well be one of them. The only thing to be aware of is that the listing agent has an obligation to represent the interests of the seller. That doesn't mean he or she can't help you too, but it might be a good idea to have your own representation. Since the seller normally pays brokerage fees in a transaction, it wouldn't cost you anything to have your own agent.

Hope that helps!

Brian Loney, owner/broker
Move in Motion - Modern Real Estate
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0 votes 6 answers Share Flag
Thu Jun 9, 2011
Edward D. Tobey answered:
If you do a land contract, you have sold it. Buyer gives you a down payment and monthly payments
with interest. When paid in full he gets a deed from seller. You can put a balloon clause in the contract which
calls for the buyer to pay off or refinance within a certain period of time, for example 2 or 3 years.
Interest rate is always more than a bank would charge. It can be a good solution for you if the buyer is
good. Don't do it without a REALTOR or attorney. Check buyer's credit before committing to a land contract.
Renting with an option to buy is totally different. This is not a sale and the renter has no obligation to buy.
If you rent, it gives you an income. Adding an option to buy limits your ability to sell until the option period runs out. If you include an option to buy, make it for a limited period of time.
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Thu Jun 9, 2011
Darren Schortgen answered:
Can you clarify your question, please. Are you saying that the seller is purchasing the home via land contract and wishes to sell?
0 votes 2 answers Share Flag
Tue Feb 28, 2017
Courtney Bontempo answered:
Like cars there is no replacement for displacement, when it comes to lake properties there is no replacement for water front... No negatives to buying lake front except price. Non lake front properties are no where near as desirable to buyers.

Contact me if you have further questions.
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0 votes 10 answers Share Flag
Thu Jun 6, 2013
United Executive Group answered:
That is a good question. Unfortunately, there aren't many good public sites for that kind of specific search. Even the local Fort Wayne MLS Public Site lacks in that regard. The best way I know to make that kind of search is to call a trusted REALTOR. They have additional tools available to them that make this kind of search possible.If you are not currently working with an agent, I would be happy to assist. Feel free to call me any time at 260-579-1516. ... more
0 votes 5 answers Share Flag
Thu May 3, 2012
Philip Roy answered:
Hello Mr. Lewis,

In this market, in my opinion, I think that it would be very wise to purchase with cash and I do not think that there are any cons. If you had good credit there might be a couple cons by not being able to take advantage of leverage at low interest rates. ... more
0 votes 14 answers Share Flag
Mon Oct 28, 2013
United Executive Group answered:
That depends on your subdivisions restrictions. Check out this City resource: http://www.allencountyrecorder.us/neighborhoods/index.htm
0 votes 3 answers Share Flag
Thu Feb 3, 2011
Anna M Brocco answered:
Without many details--before considering another purchase, do protect yourself and any other assets you may have, consult with an attorney who specializes in real estate, he/she can best advise as it relates to your specific situation...accurate advise can protect you from future problems... ... more
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Fri Jan 28, 2011
Lison asked:
0 votes 0 Answers Share Flag
Tue Nov 30, 2010
Tom asked:
0 votes 0 Answers Share Flag
Thu Oct 28, 2010
Desari Jabbar answered:
This is known as a FHA 203K loan. Talk with a loan officer to see if you'd qualify for this type of financing. Typically, the repairs and appliances have to be $5,000 or more.

Best of luck to you!
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0 votes 3 answers Share Flag
Sun Oct 10, 2010
Darren Schortgen answered:
Hi Joan,

If you have paid your Spring and Fall tax bill for 2010, then your taxes are paid up to date. However, you need to take into consideration that we pay taxes in arrears in Indiana. That means that the taxes that you paid this year are really the 2009 taxes, payable in 2010, and that the taxes accrued in 2010 are payable in 2011. This is why when you sell a home in Indiana, and the taxes are prorated, you owe taxes through the day of closing, even though they aren't actually due until the following year. Let me know if you have any other real estate questions.

Thanks,
Darren Schortgen
Advanced Realty
(260)385-7603
Darren@DarrenSchortgen.com
www.DarrenSchortgen.com
... more
0 votes 3 answers Share Flag
Tue Aug 24, 2010
Courtney Bontempo answered:
7602 Saddlewood is currently pending with Beth Walker from Fairfield Group, Realtors.
0 votes 2 answers Share Flag
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