This agent is not being sneaky. On our Association rules you can state there is an "x" number of FINISHED square footage as long as you also state the actual square footage above grade. On the actual MLS site, this is shown and broken down into each level and then it's stated that the livable square footage is 1510sqft ABOVE grade and 2230sqft total FINISHED square feet for the whole house. Perfectly within guidlines and Association rules. Good question!... more
A mortgage lender would want to also look at your debt to income ratios. Most lenders want to see between a 620-640 minimum credit score right now. If you can afford to pay the credit card off or down and leave yourself plenty of funds available for a down payment, that might help you.
I would recommend that you contact a mortgage lender and see if they can get you pre-approved or pre-qualified. This doesn't obligate you to anything, but does require letting them pull your credit. Once this is done, they should be able to tell you if they can get you financed, for how much $, and at what rate.
One option for repairs and upgrades is the FHA 203k loan program. The Streamline 203k can help finance the appliances, the air conditioning and other improvements (it only covers limited landscaping). While I can't speak specifically on the lower offer, I can say the 203k can help make these renovations and home improvements so you can bypass the seller. Rolling these costs into the mortgage is better than simply using credit, because the costs stay with the house if/when you decide to sell it. You can learn more about the 203k in our blog, or talk to a mortgage consultant with an understanding of the local market and "like comparable" home prices. You may find the 203k is a better option over offering a lower price and scaring off a seller. Good luck!... more
It's true that you don't NEED an attorney to buy a home. Most real estate professionals and buyers agents will be familiar enough with the real estate laws that you will be fine. Is there an issue with the home or seller that you feel you need an attorney to look at the purchase agreement?
Talking to a mortgage professional may be helpful as well. Our Mortgage Consultants at AmeriFirst (a mortgage banker based in Portage) have seen enough purchase agreements that they can offer advice on whether you'd need a lawyer to look it over. Hopefully this helps. You can always call AmeriFirst at 1.800.466.5626 to ask for more information.... more
you likely have to wait until it resurfaces. you could send a letter to the owner of record at the county... but i don't know if they'd even respond. it may be that the bank is shifting portfolios, making behind the scenese ownership changes or clearing a title issue. they probably CAN'T sell it right now, and that's why they are not trying.... more
Jeff, It depends on many factors. The price of course being the main one in my opinion. The method you choose to use i.e. Conventional Mortgage, Lease w/Option to Purchase, Land Contract, FSBO, or a Realtor.
The location as well. Don't over price your property currently home values have decreased 11% in the last year alone. Portage to I'm there as well. Herb... more
You will have to call the school district you are interested in to find out if the house is in that particular district. They have a list of all the addresses that are part of their district. I would also imagine that the MLS would have the school listed.... more
3yl, I tried to do this also. I was told that because IRA's receive special treatment from the IRS because the customer does not have use of those funds. If they can pledge them as collateral, they'd effectively have use.
I suggest speaking with a financial planner or your lender to verify the above. I do agree with you not placing your home on the market unless absolutely necessary.... more