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Home Buying in Kokomo : Real Estate Advice

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  • Home Buying14
  • Home Selling7
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Activity 12
Wed May 22, 2013
Ron Thomas answered:
If the house is a Shortsale or an REO, you need to have a Realtor represent you; the Banks will not deal with you directly.

If it is a NORMAL sale, you will want a Realtor representing your interests, and a Buyer's Agent costs you nothing.

Good luck and may God bless
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Mon Dec 3, 2012
Gary Mcclanahan answered:
Can u send pic's? Also price range u r asking? R u willing to do a contract?
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Sat Nov 19, 2011
Lew Corcoran answered:
The age of the property in this matter is irrelevant. And it has nothing do to with caring or not caring about you wanting to purchase a home.

FHA, as well as all other lenders, have underwriting requirements. You'd be amazed as to how thick the volumes are as to the requirements to lend money to people to buy homes. (But that's another story).

FHA requirements on well water is as follows:

"A domestic well must be a minimum of 50 feet from a septic tank, 100 feet from the septic tank's drain field and a minimum of 10 feet from any property line."

Now the requirement that the well be a certain distance from a septic tank and a leach bed makes sense. As for the distance requirements from a property line, I don't know the rationale. But it's there. If the home you want to purchase does not meet this requirement, then there are two options: Get the seller to dig a new well that conforms to FHA requirements, or else find another house to buy.

Hope this helps.
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Sat Oct 22, 2011
Tim Moore answered:
This sounds to me totally a wrong idea. What do you plan to do with the current house with the $1007 mortgage? If it needs lots and lots of work why not do that work rather than renting another house which still leaves all the work to be done and more work on the $40k house? I think you are going to have a hard time finding an investor for this, but good luck. ... more
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Fri Oct 1, 2010
Sue asked:
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Sun Apr 25, 2010
Anna M Brocco answered:
What is your agent advising--are you in contract and was the appraisal done on your behalf or was it just heresay--If the appraisal was done on your behalf you can try renegotiating with seller--if it was just something you heard--you need to be aware of recently sold similar properties in the immediate area--review the data and then make your determination--again your agent can best advise you. ... more
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Tue Apr 20, 2010
Richard Lecinski answered:
Talk with your realtor. If you do not have one then look up Pillar to Post. Its a national company. I use them in Tucson and they really do a great job for me.
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Fri Feb 3, 2012
Betty Byrnes answered:
Linda -

The house at 4041 Springmill Drive is not listed for sale in the local MLS. It looks like it was slated for the November sheriff's sale but cancelled. The current owners purchased it in 2007 and are still listed as the owners. The property could be in the process of being foreclosed or the owners may have worked out something with the lender.

Have you seen a for sale sign in front of the house? Have you seen it online? What makes you think it is for sale?
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Thu Aug 9, 2012
Leslie and Gary Rhinebarger answered:
Graduation on your engagement i hope you have many year of happy bliss. in today's market we can find you a very nice home for under 60,000, we can find you a home that you will not have to do anything but move in. or we can find you a repo. you may have to do a little repairs & updating but the return on your investment would be greater in the long run. and also I'm guessing that you will be a first time buyer. you will receive a 10% up to $8000 tax credit for buying, please give me a call at 765-860-3758 or e-mail at garyrksgroup@aol.com. I would be glad to answer all your questions and help you find a home of your dreams
Gary Rhinebarger
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Wed Aug 5, 2009
John answered:
Mon Dec 3, 2012
Randy answered:
were is this home and some pics please
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