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Madison Heights : Real Estate Advice

  • All26
  • Local Info1
  • Home Buying8
  • Home Selling3
  • Market Conditions1

Activity 12
Thu Feb 7, 2013
Anna M Brocco answered:
If there is no executed contract, signed by all parties and no money exchanged, the seller is free to do as he/she wishes...what is your agent advising......
0 votes 5 answers Share Flag
Fri Mar 2, 2012
Ryan Smith answered:
Hi Water,

Try, they give you a ton of info including comps, past sales, and tax information. Just type in the address.

Good Luck!
0 votes 6 answers Share Flag
Mon Aug 8, 2011
Ben B Sadtler answered:
It would only help you to get in touch with a lender/loan officer to find out what you can qualify for. If you do this ahead of reaching out to a local Realtor in MI, it can only help. It gets some of the "ground work" out of the way.

Good Luck!
... more
0 votes 2 answers Share Flag
Fri Apr 29, 2011
Vera Gonzalez answered:

I would still have the agent negotiate for me. They have been with you for 2 years I think your answer to the question was already answered by yourself within your question.

Good luck,

... more
0 votes 6 answers Share Flag
Thu Jan 13, 2011
Linda S. Cefalu answered:

Hopefully, someone from MI will get back to you quickly.

While you wait, you can start by contacting several agents from different companies and interview them. Ask them what THEIR PROCESS is. Make sure that you have a good fit with personalities. First-time home buyers usually have many issues to work through, so you need someone who is patient and knowledgeable. A good agent should be able to recommend several different lenders for you to choose from. Choosing a good lender is also very important.

Best of luck to you.
... more
0 votes 6 answers Share Flag
Thu Jan 10, 2013
Laurie Clifford answered:
The first thing you have to do is call a lender, which can be either a bank or a mortgage broker, and get
0 votes 9 answers Share Flag
Fri Aug 6, 2010
Gina Moore answered:
Seller's today have become very creative and open-minded about how to sell their homes. Lease w/options to buy have pros and cons on both the seller's and buyer's side of the transaction. The best thing for you to do if you are a buyer interested in this type of transaction is to find a great agent who has dealt with this before. If you would like a referral to such an agent please contact me through my website and I will be more than happy to find you an agent in your area who can do just that. Thanks for asking! ... more
0 votes 3 answers Share Flag
Sat Apr 17, 2010
Bob McClure answered:
good afternoon....from the information you have supplied, i don't forsee an issue with financing you....but just to be can always call me to discuss...i live and work in oakland county and am here to help if you would like to call....
best regards-
bob mcclure- first preferred mortgage
southfield, michigan
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Mon Feb 15, 2010
Amador C. Melgoza answered:
Hello Rumana, the main procedure would be for You to like and trust the agent Your going to hire to help Your parents find a new home. Most agents have access to these types of properties your requesting. I personally specialize in Senior citizens, short sales, and foreclosures. I'll will be glad to serve You in Your real estate needs.

Best Wishes,

Amador C. Melgoza
Keller Williams Realty
35427 Dodge Park,Sterling Heights,MI 48312
Fax: (586)979-4219
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Fri Apr 3, 2009
Derek Bauer answered:

Is your home currently on the market? If so, your agent should be able to assist you with this. If it is not, feel free to contact me direct and I would be happy to share with you some ideas and explain how a rent-to-own, or possibly a land contract would work.

Derek Bauer, Associate Broker / Realtor
Real Estate One - West Bloomfield
734.678.4745 - direct
... more
0 votes 4 answers Share Flag
Tue May 27, 2008
smith3gary answered:
V. There are some questions real estate professionals cannot answer because of Federal and State Laws.

There are 25 homes for sale in Madison Hgts from 22,000 to 50,000. There are updates about Madison Heights market under Heat Maps on Trulia. I cannot answer which parts of MH would be easier to rent. Rent is based upon fair market value of a home. This would include the cost of the mortgage plus interest, homeowner insurance, taxes, and profit. This number would vary by home and be dependent upon the cost you incure to bring the home up to code. Investment choice would vary by home, again it is dependent upon all costs associated with the home and future home values.

I suggest you join a local Real Estate Investors Association prior to making a jump into investing.
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Mon Apr 14, 2008
Elizabeth Tintinalli answered:
I have dealt with people in your same situation before. If you have a mortgage lender that you will be using to purchase your new home, I would check with them on the ramifications of getting a new loan when you are still paying on your first. The lender may require proof of the lease and payments with the processing of a new loan for you, but that all depends.
If you would like I can check and see what leases are going for in your area and give you a better estimate on the lease option at this time. I believe you were right that paying out $20K as a potential loss on your current home may not be the way to go right now as long as you can break even on a lease.
Please feel free to give me a call or send me an email to see which options are best for you.
Liz Tintinalli
Real Estate One
... more
0 votes 7 answers Share Flag
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