I assume you're referring to a short sale? The bank will only accept an offer at "Fair Market Value". (what other similar properties have sold for in the last 6 months). Have your REALTOR do a CMA (comparative market analysis) on it to determine what a fair offer might be.
I just happened to write a blog post about why Buyers may not want to consider buying a short sale. Check it out!
The best answer to your question is to have your Realtor do a CMA:
I would recommend pricing it about 4-5% lower than the CMA and look for Multiple Offers.
Talk to your Realtor and follow their advice.
Believe it or not, this question has been raised for more than 50 years; ever since they started building subdivisions near high voltage lines. I think it first happened in Southern California for your information.
The lastest word I've heard, is that no one can tell! Nothing definitive! No concensus! Nobody agrees!
I would bet that if it was dangerous, there would all kinds of proof and law suits.
Jumbos have a whole set of new rules these days. I just got approval for a doctor and it took me 3 months and had to pass the watchful eyes of 2 underwritters. I doubt you will find one offering 80-10-10. Check with Wells Fargo, if anyone can help they can. If they say no, it's very unlikely anyone else can do it either.... more
Hi - This unit is on the market for $214,900. It has been on the market for a while, but it has recently had a big price adjustment. It's an end unit with lots of space. Please let me know if you need more information or are interested in seeing it. I would be happy to send you the listing as well.
Prudential CT Realty
A lease-to-own home is basically a lease with an option to buy the home in a certain period at an agreed upon price. Usually, you have to place a large deposit to secure the lease and the option to buy. A portion of the rent can be applied towards the downpayment. Usually, you will have to pay 'above market rent' to be able to use that option.
The major drawback to a lease to purchase option would be the loss of the downpayment if you do not meet all the terms of the agreement, and if you are unable to secure financing to be able to purchase the home. In addition, if the neighborhood is not right for you or if the market takes another downturn, you might find yourself questioning why you entered into such an arrangement.
That being said, most home owners looking to sell their homes today are not interested in this type of arrangement. In many cases, they need the cash from the equity in their home to purchase another home or for other purposes.
Your best option is probably continue renting until you find the right home that best meets your needs.... more
You may be able to qualify for CHFA. Are you a first-time homeowner? If so check out the link I provided, currently CHFA sits at 3.875%!! If you have anymore questions email me SethWinkleman@PrudentialCT.com. I am very familiar with the Manchester area. Or call/text me 860-985-5816
GreatSchools.org is a great resource for rankings check it out. I posted the link with the zipcode you supplied. If you need anymore info feel free to email me SethWinkleman@PrudentialCT.com or (text/call) 860-985-5816. My website is http://LinkWithWink.PrudentialCT.com... more
Often the best resource for crime and safety information is the local police department or county sheriff's department. They have access to the most current and accurate information and are normally very willing to be helpful.
Which property are you interested in? You can schedule a showing with a realtor to see this home. Feel free to call me at 203-239-4663 ext. 139 or email me at email@example.com to book a time. I used to live in Farmington and there are several great places to consider. Thank you... more
Just because you qualify for a higher mortgage amount does not mean that you should buy a house that you can not afford comfortably. Pre approvals do not take into concideration real life things like child support, or utilites on the home exc... Please keep in mind that this is a payment that your stuck with for 30 years. Instead of thinking in terms of what you qualify for, think in terms of what payment you are comfortable with. If you approach things this way your sure to be buying within your means and almost guarentee an approval when your ready.... more