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Saint Louis : Real Estate Advice

  • All555
  • Local Info49
  • Home Buying175
  • Home Selling38
  • Market Conditions20

Activity 324
Tue Jul 24, 2012
Home.searcher123 answered:
Of course you owe it back! The tax credit came with stipulations that you were unable to adhere to. It's not free money! That is taxpayers money, and the IRS will come looking for it eventually. I would advise you to contact the IRS and set up a payment plan before they have to come looking for you. Be proactive. ... more
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Fri Feb 15, 2013
Jane Spooner answered:
I believe you have to be a licensed broker to list property on MARIS. If you're thinking of selling, why not hire a professional? I'd love to talk with you. You can reach me any time at 314-504-1131. ... more
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Thu Jul 12, 2012
Suzanne MacDowell answered:
How long ago did you sell the home? Generally the waiting period is 3 years. At that point you should qualify for an FHA backed mortgage as long as you have taken steps to rehabilitate your credit rating. ... more
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Thu Jan 31, 2013
Clinton Hafley answered:
Pro: I live here.
Con: you don't.
0 votes 10 answers Share Flag
Thu Jun 14, 2012
Jane Quartuccio answered:
Dear Claire,

We do have a significant student population in Dutchtown, but the proximity is to St. Louis University and Washington University. Dutchtown (a south St. Louis city neighborhood) is roughly 18 miles from the UMSL campus in Normandy (a near northwest suburb). ... more
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Fri Feb 8, 2013
Dan Brassil answered:
The appraisal cost will vary based on the overall value of the home. An expensive property will require a higher appraisal fee than a more modest home. You should check with your lender about this. If you do not have a lender yet, I would be happy to recommend a few in the St. Louis area. ... more
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Wed Nov 26, 2014
LaJuanda answered:
There are homes that are coming on the market all day everyday--Sometimes twice on Sundays ;) I know of homes in the Webster area. If you are interested in please email.
0 votes 12 answers Share Flag
Wed Jun 6, 2012
Scott Helt answered:
I work with many out of town and local investors who re sell and who also flip homes in the St Louis Market. I find distressed homes and turn key homes depending on the investor's criteria. This year alone I have helped purchase 15+ homes for 5 different price range companies and individuals.
Please feel free to call me with any questions/concerns.
... more
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Wed Jun 6, 2012
Scott Godzyk answered:
Betty your best bet may to be to go back to the ad an click on teh profile for the listing agent, they can easily answer your question as they may not see it here.
0 votes 4 answers Share Flag
Sat Jan 26, 2013
Dale Weir answered:
The housing market in the St Louis area is doing well at the moment. A balanced market is 6 months worth of homes on the market. At the moment we are back to 6-7 months worth, depending on what section of the Metro St Louis area you live in. Interest rates are extremely low and buyers are tired of waiting. In my office, we're back to seeing homes that are priced correctly for their features and condition selling in a week to a month, sometimes with multiple offers.

I would suggest that you read today's article in the St Louis Post Dispatch about the housing market in St Louis http://www.stltoday.com/business/local/are-st-louis-home-prices-near-a-bottom/article_a2510726-a6af-11e1-a910-001a4bcf6878.html

Over a third of the homes being sold at the moment are under $200,000 and half are under $250,000. That doesn't mean that more expensive homes aren't selling, it means that the first time buyers have to buy first so the next tier of buyers can move up, which allows the tier of homeowners above them to move up in many cases. It is also indicative of the buyers at the top being more particular about the homes that they are buying.
... more
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Sun Aug 5, 2012
Don Tepper answered:
Sat May 26, 2012
Clinton Hafley answered:
I would suggest making a list of references in writing that you can provide upon request. A felony can make it difficult to rent, but everybody deserves a 2nd chance.
0 votes 2 answers Share Flag
Wed May 23, 2012
James Michael Elfrank answered:
No, they should not be able to attach a lien to your mobile home. Again, I am not an attorney, so you should be asking these questions from a legal representative to ensure your question is answered completely. ... more
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Wed May 23, 2012
James Michael Elfrank answered:
The short answer is no. The short sale will not be affected by owning a mobile home that you are using for a permanent residence. Factors that may affect the short sale would be the amount of liquid savings you have, etc. To ensure all your questions are answered correctly, I suggest contacting a real estate attorney. One that I recommend is Elizabeth Kayser at the Kayser Law firm 512-218-0301 or 866-995-4887 or 727-458-3203. ... more
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Sat Mar 30, 2013
Don Tepper answered:
Is owner financing a possibility? The seller will have a hard time selling since it's not FHA-approved. That's strong incentive for the seller to help facilitate the deal. Since you've got a lot of cash, you might start with a more conventional offer (10%-20% down) and then be willing to increase that up to 50% or so if needed.

Recognize that the condo is worth less than if it were FHA-approved, so make sure you're not overpaying by basing its value on approved condos.

Check with your Realtor for further guidance.

Hope that helps.
... more
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Mon May 28, 2012
Dale Weir answered:
contact the local police dept, they are the only ones who can answer your question correctly. the rest of us do not have that knowledge
0 votes 2 answers Share Flag
Wed Apr 24, 2013
Tom Kennedy answered:
Not sure if it would apply, given your circumstances, but it may be worth your time to talk with your financial institution or a mortgage officer and inquire about the possible applicability of a 203k loan. http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/203k/203kabou Hope you find this helpful. ... more
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Tue Jan 27, 2015
Dwain Eoff answered:
Stagging is a big key to selling your property, along with curb appeal. Most stagging companies are going to, charge you 2 months rental minumum. There is huge value there. In most instances if you dont sell your home in 30 days, you do a price reduction of incriments of $5k. Investing $1200 with potentials offers, is a much better business decsion. Ask your staggers their average days on market, most have 30 days or less. Dont hire a friend or some one that thinks they know how to do it. Hire a professional.

Hope the feedback helps, good luck
... more
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Tue May 1, 2012
LaJuanda answered:
Sat Feb 7, 2015
John Hartman answered:
Southampton is a great area - we sell and buy homes there all the time. It consistently maintains its market value - it has a very diverse demografic which makes it popular with young buyers. The homes are beautiful, and neighborhoods are friendly - give us a call or email if you need more specific information. hartmanandwynn.com or 314-374-7653 or hartmanandwynn@hotmail.com ... more
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