Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Overland Park : Real Estate Advice

  • All116
  • Local Info7
  • Home Buying32
  • Home Selling4
  • Market Conditions5

Activity 50
Mon Oct 25, 2010
David Van Noy, Jr. answered:
That is a great question. Part of it is forecasting, which is hard to do. And, the other part is looking at the history of growth in Kansas City Metro, which of course, you have full access to. In your quest for the "best investment", do you also think about live-ability, affordability, and lifestyle? If you answer those questions then you must ask yourself if you will be living in your home for a "long-term", and if you will even get the opportunity to reap that gain. Maybe you should be looking for a short-term growth opportunity. Is there such a thing in real estate?

David Van Noy, Jr.
... more
0 votes 0 Answers Share Flag
Thu Jun 17, 2010
Anna M Brocco answered:
As for legal grounds--your best advice will come from an attorney who specializes in real estate--consider a consultation, have all related paperwork reviewed and see exactly what options you may have, if any. ... more
0 votes 5 answers Share Flag
Wed Feb 3, 2010
Dallas Texas answered:
Up to lender if they would allow you to obtain a loan. If you have two judgements against you these debt collectors might lien your home, lender shy away from this type of mortgage file.

It depends on collector if you can make a payment plan. Best resolve those issues prior moving forward.

Good luck

Lynn911
... more
0 votes 4 answers Share Flag
Thu Mar 25, 2010
Dan Goodwin answered:
Please send me an email to dangoodwin@kw.com and let me know the best time to call you. I can then help you understand what you can qualify for based on your situation.

dangoodwin@kw.com ... more
0 votes 12 answers Share Flag
Tue Dec 22, 2009
Joan Bennett Realtor, PM answered:
Rachael, I've worked with five different REO Sellers and the answer is... it depends on their workload. Right now most sellers are trying to get the open escrows closed by the end of the year so honestly, it'll probably be after the first of the year. With many Asset Managers handling up to 500 "assets" they do the best they can for what they have. Please, be patient, if you like the property well enough, it will be well worth the wait.

I personally work the Las Vegas Market. If you're being represented by a Realtor, you might want to dig deeper into how financially sound the Homeowners Association is (many are in Bankruptcy) and what the ratio of owners vs Investor/tenants is. If the project doesn't have a limitation on the number of investors that can own units you might end up in the same situation we have here where you CAN'T SELL THE PROPERTY BECAUSE THE NEW BUYER(S) CAN'T FINANCE the property due to too many investor owned units. This could limit the project to "cash" purchases and drive the value of the property down. It can take many years for the project to recover.

Good Luck with your new home purchase! Have a Happy New Year!
... more
0 votes 0 Answers Share Flag
Tue Dec 22, 2009
Jeff K answered:
That depends. A lot of that is open to negotiation. Sometimes your inspector will find something that "has to be dealt with" and the seller can fix it themselves, hire someone to do it, or give you money so that you deal with it in any way that you see fit. Some things your inspector will note that you'll ask the seller for money and they'll tell you to take a flying leap on that item. Or ... anything in between these two concepts.

There really are no hard and fast answers to your question.
... more
0 votes 3 answers Share Flag
Tue Dec 22, 2009
Al Akerman answered:
It all depends on the bank or lender you are using.

Some will give you a good faith estimate when you fill out an application upon request while others give it to you a few days later, but you should receive it within a three days of applying for your mortgage.

You can also request a good faith before you even apply for a loan. When you speak to a loan officer about rates and costs associated with the mortgage, you can request a good faith estimate. It is a fancy way of asking the loan officer to put everything in writing.

Hope this was helpful.

Good luck.
... more
0 votes 2 answers Share Flag
Fri Jun 5, 2009
Jeff B. answered:
tell us the juicy details. please. Assuming there's a financing contingency in your contract, you could just ring up your credit cards and buy a new car, and the lender would probably rescind it's loan... kind of a mean thing to do, though. Maybe you can just give up your earnest money and walk away, ask your lawyer. I would say the seller has earned your earnest money, but again I don't know all the details. ... more
0 votes 2 answers Share Flag
Tue Jun 30, 2009
Charlotte Patterson answered:
Loli, It does happen......usually it depends on the lender you are using. In most cases there is nothing you can do about it. You should consult your agent, they have the details and should give you the best info. ... more
0 votes 2 answers Share Flag
Fri Jul 24, 2009
Patti Gabrielse answered:
Cecil, Help me understand. You have a lot that you are selling, correct? And you have a buyer. You are wanting to know hoe to write an earnest money receipt letter?

pattig@realtyexecutives.com ... more
0 votes 1 answer Share Flag
Sat Mar 28, 2009
Maria Morton answered:
The average days on market for 66204 is 34. (1 year stats 3.16.2008-3.16.2009)
0 votes 2 answers Share Flag
Sat Mar 28, 2009
Dallas Texas answered:
Contact a mortgage broker become approved for a home loan work with realtor who can locate a home with equity. Regarding home improvements at your expense,
0 votes 4 answers Share Flag
Sat Mar 28, 2009
Maria Morton answered:
0 votes 2 answers Share Flag
Wed Jul 22, 2009
David Van Noy, Jr. answered:
So, clearly the answer should be that the seller should be entitled to the earnest deposit in the situation that you describe, however, It is important to interpret whether the return of it was based on approval or if it was based on the buyer being able to obtain financing. The financing addendum of a base real estate contract can be vague but the manner in which it was filled may come into play. Regardless, it may be better to just settle for something like HALF and cut your losses and avoid mediation or a small claims suit. Good LUCK!! Let me know if I can help further.... ... more
0 votes 1 answer Share Flag
Wed Jul 22, 2009
Debra Cooper answered:
Hi Gen,
You need to know if this property is Bank Owned....if it is, then you will need 30 to 45 days to close. The Title work seems to take longer with foreclosures. All Sellers have different circumstances. I have seen homes close in as little as 2 weeks, while others can take months to close. Hope this information helps. Best of Luck! ... more
0 votes 8 answers Share Flag
Wed Aug 27, 2008
Chris Lengquist answered:
The proper answers can vary wildly. JoCo, at least in my opinion, used to run about 6%-8% below what the home would actually sell for. Today, well, sometimes it's right around where the house sells. But here is the deal, the county appraisal isn't what the house is worth. What a house sells for is what the house is worth. Then THAT needs to be supported by an independant appraisal. Keeping in mind that independant appraisals are designed to show support or no support for a particular property, not to determine it's real value. Follow? ... more
0 votes 6 answers Share Flag
Sun Aug 31, 2008
Chris Lengquist answered:
I have no idea. I can tell you that you should report them to the state of Kansas because it looks to me like they have several violations going on if they are a broker of any kind.
0 votes 9 answers Share Flag
Wed Jul 22, 2009
Maria Morton answered:
In zip code 66204, there are currently 26 Active Listings (homes for sale)
7 with contracts are accepting back up offers
5 have contracts pending
17 have sold in the last 90 days.
Prices range from $69,500 - $140,000.
To accurately narrow the range, I would need to see the home in person and do a more thorough analysis.
... more
0 votes 4 answers Share Flag
Wed Jul 22, 2009
Michael Pierce answered:
Hi Shoshanna,

I would love to help but that is not enough information for anyone to be able to give you a figure that is anywhere near accurate. Values change signifigantly from street to street, let alone across a zip code. You also did not mention if the home was on a Basement, Crawl Space or Slab, the square footage above grade, square footage finished in the basement, age of the mechanicals, type of floorplan, address, street, or subdivision, etc. With that information, someone should be able to give you a ballpark but to be really accurate one would need to see the home. ... more
0 votes 4 answers Share Flag
Mon Aug 18, 2008
David Van Noy, Jr. answered:
Hi David.....David "Van Noy" Jr. here....I appreciate you looking for more information about the show. We are on every saturday morning at 10am on Hot Talk 1510 or www.1510.com from the web. If you would like to listen to some of our archived shows you can go to www.door2doorkc.com and stream them live, from your iTunes you can just search (david van noy jr) or (door 2 door) and you can download the podcast to your iPod. You will also find my BLOG that you asked about where I will post relevant links and show answers at http://davidvannoy2.blogspot.com/ or from the site. That should be enough to wet your whistle. If you get a chance to listen we give away Jack Stack BBQ every week and ship it to your house anywhere in the country!! Thanks again., have a great weekend.... ... more
0 votes 2 answers Share Flag
1 2 3
Search Advice
Search
Popular Overland Park Neighborhoods

Followers

138