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Salem : Real Estate Advice

  • All81
  • Local Info9
  • Home Buying15
  • Home Selling3
  • Market Conditions4

Activity 35
Wed Feb 3, 2010
Paul Stonkus answered:
Have you seen a for sale sign on this property? It is not currently listed for sale through MLS. If you can give me some more info as to why you believe it is for sale I may be able to help you.
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Tue Jan 12, 2010
Andrew Adams answered:
Typically you don't have a seperate insurance policy on a condo, you may have to suppliment the insurance with an HO6 Policy (Walls in Coverage) which is around $200 annually.

your condo fee usually will cover the master insurance as well as the upkeep of the common areas. that fee can range a ton depending on the condo and ameneties. ... more
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Mon Oct 26, 2009
Conrad Hodgson answered:
call Kevin Kueneke with CW mortgage at 760-500-1919 ...... he just did this for me. Very easy to work with.
0 votes 3 answers Share Flag
Thu Oct 15, 2009
Ron Beebe answered:
What was the application date, was it a standard "conventional" loan or a government loan, and is it with a lender that guarantees you will close on time? If you do not have the ability to extend your closing date without penalty you must stay with your current lender and "lean on them." However, if time allows, get an extension and reapply with an individual that is more trustworthy.
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Mon Oct 5, 2009
Andrew Adams answered:
Is the condo new construction or a conversion?
0 votes 4 answers Share Flag
Fri Sep 25, 2009
Andrew Adams answered:
The condo association will likely have a master policy, covering the bulk of the condo. However you will need a walls in policy know as an HO6 Policy. Your best bet is likely taking with the insurance company that has the master policy. ... more
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Wed Sep 2, 2009
CCC answered:
In some cases, like this one that you already search for a Mortgage it could be a very good idea to call the listing agent / broker of such properties. They must know 2 or 3 places to get a loan. ... more
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Fri Aug 28, 2009
Andrew Adams answered:
It is not unusual to see realtors or sellers come back and ask for the highest and best offer. Offrer what you are willing to pay. Even if it is what you already offered. You may have already offered more than the other buyer is willing to pay. ... more
0 votes 13 answers Share Flag
Mon Mar 26, 2012
Kelli Cassidy answered:
Hi KP,

I would be more than happy to assit you. I will take a look at your pics call or e-mail to set a meeting at you convenience

I look forward to speaking with you

Kelli Cassidy
RE/MAX Country Crossroads
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0 votes 6 answers Share Flag
Thu Apr 23, 2009
Jason Discipio - Buyers Agent & Flat Rate Listing Specialist answered:
There are programs that you maybe able to fit into depending on your DTI (debt to income and how much money you have in the bank. If you would like more information and to maybe get preapproved, give me a call.

Jason DiScipio CBR
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Mon Jul 7, 2008
Dallas Texas answered:
No all mortgages must be paid in full at closing GREAT thought !.... have you considered leasing ? Have you considered a buyers agent that will return a certain % of their commissions back to you. or work things out with a new builder? Good luck ... more
0 votes 7 answers Share Flag
Tue Jul 22, 2008
Michael Giles answered:
Hi Kevin,
It's hard to say with out seeing the property what it would sell for in today's market. Two units in the 4 building have tried unsuccessfully to sell recently. 4B is currently on at $239k.

You are fortunate to be in a strong finacial position and need to understand that any loss you take now will be made up in the equity of your next home as the market turns back around. Make your decision on your current lifestyle needs.
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Tue Mar 27, 2012
Michael Lefebvre answered:
There are a couple of North Shore brokers who are regulars on Trulia Voices who will certainly be answering soon. Your best bet is to hook-up with one of them and have them come take a look. Seek out a neighborhood expert to get the best advice on potential current market value for your home.

Keep in mind, if you're buying again in this market, you will probably "make up the difference" of anything you might lose on your sale.

Good luck!
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Wed Mar 9, 2011
Don Tepper answered:
No trouble at all. Tax assessments bear little or no relationship to the value of the property. Tax assessments are often vastly "off" from the real value of the property, even when the jurisdiction claims to be assessing at 100% of value. What you want to do is determine the real value of the house. That's done by looking at the "comps"--the comparables. You want to look at what's sold that's comparable to the subject property, generally within the past 180 days...and preferably a shorter time period than that. You should also look at properties that were listed but not sold--either the listings expired, or were withdrawn. That generally suggests those properties were overpriced, and therefore can provide a "ceiling" on values in the area.

A Realtor can do all that, and will be willing to do so for you. One other word of caution: Do not rely on online, automated sites like Zillow. Sometimes the numbers are fairly good; sometimes they're horrible. I personally prefer because it allow a user to more finely tune the comps. But even that's nowhere near as good as having a competent Realtor run the numbers for you.

But, just to reiterate, pay no attention at all--none, nada, zilch--to a tax assessment when trying to determine the value of a property.

Hope that helps.
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0 votes 8 answers Share Flag
Wed Aug 29, 2007
Deborah Madey answered:
Do some preliminary research on the internet looking at housing, and make note of your likes, dislikes, wants and needs. It will be important to discuss your financing options with a loan officer and obtain a preapproval. This will give you guidance for the price range which will make sense for you. The loan officer will take into account the type of loan program that you qualify for and are comfortable with.

If you have a referral for a Realtor to represent you, start working with that person. I suspect that might not be the case, since you are posing this question online. Ask friends and family for names of agents who they would recommnend. Upon meeting with a Realtor, discuss uprfront what your expectations are and how they work. Don't be timid about asking a lot of questions. Speak with a few Realtors, find the one that's right for you, and work closely with that person.

If you don't find an agent through friends or family, go to a few open houses, and correspond with a few agents online.

I do recommend that you find one agent who you work with closely.

Best of luck to you!

Deborah Madey - Broker
Peninsula Realty Group, Inc.
(800) 973-5855
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