Your quote does seem high unless you have it loaded with expensive upgrades? Have you signed a contract yet? If not I would be happy to give you a quote. I am also a licensed General Contractor www.DoorCountyCustomHomes.net I feel confident I could save you money!!
With the right qualifications, i.e. credit score, income, debt/income ration, most anyone can get approved for a second home. That being said, most people don't have enough income to qualify for two homes. Until your name is removed from the jointly owned home, it will be more difficult to get approved.
Michael Collins- SFR, BPOR
Rock Realty Wisconsin
My Trulia Blog:
You can contact the listing agent who will be able to help you learn more about that specific property (and probably will know a lot about similar properties in the area). To find an agent, just click on the yellow button on the property's Trulia listing and you will be able to start a dialogue.
Please let me know if you have any questions or if I can help with anything else. I am happy to be a resource for you. Good luck with the search!
Ali, Trulia Voices Community Manager... more
Sometimes it rains, sometimes it doesn't. Sometimes there is a heavy snow pack, sometimes not.
It is a flowage, accepting water from several sources and if the sources run low, the level of the flowage is low.... more
You should start by interviewing several agents to find a good fit. Its more the agent then the specific company that will service your listing/purchase. As in any business there are the workers and there are the slackers.
Finding a home should not be an issue as there is still ample inventory....selling is the harder part of the equation especially coming into the winter months which traditionally are slower.
If you have any specific real estate questions or would like to discuss further either selling or buying please feel free to contact me anytime.
Total Realty LLC
Yes, I have! It seems like many appraisers are really overworked and there aren't enough appraisers to handle the workload right now. Loan officers have been telling me it is because so many appraisers got out of the business and now with pending sales up in some areas 25-30%+ over this time last year they just have too many appraisal requests and not enough appraisers to handle them all in a timely manner. I just had a couple different appraisals take two WEEKS to get back after they were completed (one for VA and one for FHA).... more
The drawback I can see from waiting is losing out on the historical low interest rate. Who knows what the interest rate would be next year. Right now it is below 4 percent- usually for creditworthy mortgage applicants.
Will it be the same next year? Who knows? The next favorable condition is that the prices of the houses have not spiked yet. Will it be higher next year? Maybe, as we are seeing inventories getting low.
Most Mortage Comanies, Mortgage Brokers, Mortgage Bankers, Banks and Finance Companies work Globally; that is, they can make a loan almost any where, from anywhere.
They can check CREDIT and REFERENCES anywhere.
If you would like to know what you can afford, and how much it will cost you, before you move, you should start the process now.... more
You are desperate!
Your Credit or Finances, or both, will not allow you to go the conventional route:
You need the Seller to help you out!
The Seller will know it, and you are going to pay dearly for this service:
There aren't too many altruistic Sellers out there.
The terms that can be written into a Lease/Option can be dangerous to you:
How long is the Option period?
How much money are you putting in to the Option?
What happens if you are not able to execute the Option?
How do you know what your financial situation will be 2-5 years from now?
How much is the rent in the meantime?
Who will be responsible for maintenance and repair in the meantime?
What will be the Market Value of the home in 2-5 years?
What will be the Selling price 2-5 years from now?