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Saint Louis : Real Estate Advice

  • All564
  • Local Info49
  • Home Buying180
  • Home Selling38
  • Market Conditions20

Activity 324
Fri Jan 25, 2013
Shanna Rogers answered:
Hi Vinandlin22,

What is your question?

Shanna Rogers
SR Realty
www.RealtyBySR.com
0 votes 7 answers Share Flag
Sun Apr 14, 2013
Dana Tippit answered:
Stay way from any deal that sounds fishy. There are plenty of deals in the real estate market right now.

However, many foreclosures and short sales WILL have two lien holders due to home equity lines of credit and loans.

Also, properties can be taken off the market for numerous reasons, including the owner making restitution, reconciling their loan and or balance due. Or the listing agreement with the agent expires, or the bank has taken ownership away from the seller negating a listing relationship or taken off to do repairs, or be rented, etc.

Find an experienced short sale/foreclosure, licensed Realtor and or attorney to help you.

Good luck.
... more
0 votes 5 answers Share Flag
Sat Jan 26, 2013
Kristin Dodson, REALTORĀ® answered:
There are all kinds of Government assistance for each state. Go to your cities website and see if there is a link, or better, yet type into the browser,

What apartment buildings give rent assistance?


Here is an example on how some work:

Lets say the Basic rent is $700, you qualify because of low income, the government gives the apartment landlord $200 to subsidies and you pay only $500 per month. Some will include unities too! It may take awhile,to check around and you can always ask if they need help for exchange for rent!

The best of luck to you, Kristin Dodson, Realtor
... more
0 votes 3 answers Share Flag
Tue Jan 22, 2013
Fred Glick answered:
Not sure this the beat place to ask since this a real estate forum.

Good luck.
0 votes 2 answers Share Flag
Sun Apr 14, 2013
Rick Albert answered:
Traditionally, you work with an agent and you write an offer and submitted it to the owner. From there, the owner will pick an offer and then it gets submitted to the bank. Once the bank approves it, then you are good to go. These transactions can go on for months so be prepared to have patience. ... more
0 votes 9 answers Share Flag
Sat Jan 26, 2013
Sharon Jones answered:
You should try both: own your own and thru an agent. An agent by possibly find you a good deal, or you could network with the right people and find one. Try Craigslist and newspapers I have seen good deals posted on both resources. ... more
0 votes 12 answers Share Flag
Tue Jan 8, 2013
Dale Weir answered:
Real Estate is local. You need to sit down with a LOCAL Realtor and ask the question. I can tell you that Nationwide, we appear to have hit bottom and are moving back up.

6 months worth of inventory is a balanced market - anything higher than that is a buyers market and anything lower than that is a sellers market. In my area (St Louis, MO), we have some neighborhoods within our metropolitan area that are still a buyers market with more short sales and foreclosures coming on every time we turn around. In other neighborhoods, we are down to LESS than a 2 month supply of homes on the market, making it very much a sellers market. Homes that are priced right for their condition, location and amenities are selling in a week to a month with multiple offers and some are going over the list price.

The other part of the equation is the price point that your home is at. Here, our lower price points (under $250,000) are selling better than our homes that are $600,000+, BUT the lower end has to sell, so those sellers have the money to buy-up to the next level, which in turn domino's into the next higher level. (I note your are from CA, your median price point is probably a lot higher than our conservative Midwest price point is - our home values never increased to the same level that the prices in CA did).

Keep in mind one other equation - where are you going? What are the housing values there doing? If you sell now and buy now, you are still in a recovering market, so while you may sell higher than you would have last year, you won't be buying at the much higher value that can be expected in a few years time. (ie sell lower, but buy lower if you are buying a more expensive home, works out more favorably for you)

Consider also your "holding costs". Even if your home is totally paid for, you are still paying insurance, utilities, taxes, maintenance, updates and repairs. The longer you own the home, the more money you will spend on those items. You have to weigh that against any increase in home value that you might get if you hold the home longer before selling (in your calculations, keep in mind that a home that is "updated" now, in 5 years time might not be considered updated and you might have to put more money into it in order for buyers to find it attractive.

So, talk to a LOCAL realtor about how the market is going in the neighborhood that you want to sell a home in, then unless the home is in an area that is still a declining market, my advice would be to sell.

If you need any other guidance or help, please feel free to contact me
... more
0 votes 3 answers Share Flag
Sun Jan 13, 2013
Dave Tedoni answered:
Hello Rebekka,

How much? Pick a number. You really need to contact a reputable build to discuss that. There are too many variables. If you need some direction with that just let me know.

Dave
... more
0 votes 5 answers Share Flag
Wed Mar 6, 2013
Tim Moore answered:
As Realtors we do not steer people to areas we feel are good, bad or whatever. That is your decision to make and what I find disgusting you might just love. Have an agent show you things in the area and price range and you decide what you like. ... more
0 votes 12 answers Share Flag
Mon Dec 31, 2012
Lisa Menendez answered:
This is located in South Saint Louis in St. Louis Hills. It is probably around 30 minutes from O'Fallon depending on where in O'Fallon. You can check out maps for more details.
0 votes 5 answers Share Flag
Tue Jul 7, 2015
Howe Allen answered:
I believe they should be taken down prior to New Year's Eve because I think that is a different holiday.
0 votes 7 answers Share Flag
Sat Jul 26, 2014
Sally Jo Dierker answered:
People do buy homes outside their state of residence. Some buy second or vacation homes and others buy investment or commercial property.
0 votes 2 answers Share Flag
Sun Apr 14, 2013
Mike Knoll answered:
The generally accepted answer to this question is 2 years. However, I am aware of situations where the time has been less when other credit is excellent and the person's situation has changed enough. If you are seriously interested in buying again soon it is wise to seek the advice of a reputable mortgage broker. ... more
0 votes 6 answers Share Flag
Sun Feb 24, 2013
Jeremy J. Geppert answered:
Unfortunately, there are no specific obligations for the seller to disclose break-ins prior to the sale of a home in the state of Missouri. However, it can be a part of a good faith understanding to share experiences that can help a buyer understand what precautions he/she can take living in the home. It's always a good idea to inquire about police statistics before moving into a home when these concerns arise. ... more
0 votes 6 answers Share Flag
Sat Mar 23, 2013
Dale Weir answered:
You need to sit down with yourvank and ask this question - the rest oif us would not have full access to your informationto find out what your homes status is
0 votes 4 answers Share Flag
Sat Jan 26, 2013
Scott Helt answered:
Hi Erica,
I can send you listings that match your criteria, just email me or call me and provide your email address.
Scott Helt
314-598-8102
0 votes 9 answers Share Flag
Thu Nov 8, 2012
Dana Tippit answered:
It doesn't appear that this property is listed for sale or lease by a real estate agent or on the website by the owner. Are you seeing it somewhere for rent or a sign on the property?

It is corporately owned by GSD Properties purchased in 2007 as a 'bank-owned' property. Here is a link to information regarding previous sale, property details and characteristics, tax info, etc.: http://mls.realist.com/index.jsp

If you are looking to buy or rent any property, it's best for you to be represented by a buyer's or renter's professional real estate agent. Ask your trusted friends and family members for a referral to ensure a trusted, qualified agent. This agent will represent your best interests and help you avoid unpleasant surprises. You will also want to employ your own private inspector to look at the property condition. That inspector would also be working on your behalf and representing your best interests. A good inspector will find problems, assess and explain conditions and recommend ongoing maintenance for the property. (Have inspection before purchasing or renting and make your contract contingent upon your successful inspections.)

If this property is for lease or sale, you have a right to know documented physical conditions. You can ask the owner questions about previous tenants, but they are not obligated to tell you anything about them by law. You could also ask neighbors about previous tenants/owners. Call/contact the Riverview City Hall 314-868-0700 and Bellefontaine (314) 867-0080) Police Department and request information on any police reports filed in connection with this property and or neighborhood.

You can find general crime and demographic statistics at http://www.weststlouiscountyhomefinder.com/micommunity/zip/63137/
and http://www.clrsearch.com/Saint_Louis_Demographics/MO/63137/Crime-Rate


Kindest Regards, Dana
... more
0 votes 1 answer Share Flag
Wed Oct 31, 2012
Bob Waters answered:
The Fairgrounds area is one of the oldest and also historic areas of Saint Louis City. There are areas not far from Fairgrounds Park that are undergoing extensive urban renewal and the opportunity to own a complex in the area has potential for reasonable ROI. You should visit Saint Louis and discover for yourself the various opportunities that exist throughout our great ctiy and region. Good luck!! ... more
0 votes 3 answers Share Flag
Thu Jul 18, 2013
Dale Weir answered:
0 votes 6 answers Share Flag
Wed Oct 24, 2012
Dan Brassil answered:
What information are you seeking? I am not showing that this property is currently for sale.
0 votes 2 answers Share Flag
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