Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Buying in Wyoming : Real Estate Advice

  • All22
  • Local Info3
  • Home Buying9
  • Home Selling4
  • Market Conditions3

Activity 58
Fri May 31, 2013
George Raymondo answered:
Your question does really make sense, but simply put the VA loan is one of best loan programs out there. I am current looking to buy a home and I am going to use my VA entitlement. The VA loan offers $0 down, low rates, and NO monthly mortgage insurance. Only way to get out of paying PMI or MIP/MMI is to come up with a lot more money. And most people don't know this but you can get more than one VA loan. It's called 2nd Tier Entitlement. So why would you do anything other than a VA loan and save your money for a rainy day? ... more
0 votes 4 answers Share Flag
Sun Apr 14, 2013
Dan Casey answered:
The Rock Church. But I think they maybe moving to a new building soon.
0 votes 1 answer Share Flag
Tue Mar 12, 2013
Rita Parker answered:
I have an awesome website that continuously updates under "newest listings" so you'll never miss out: www.findyourroadhome.com. I also actively monitor foreclosure sites: hudhomestore.com and homepath.com for useful information and coming soon homes. Are you buying ti flip, rent, or for personal use? ... more
0 votes 2 answers Share Flag
Fri Mar 1, 2013
Kathryn Jackson answered:
Hi JP - You may have an answer to your question already, but just in case, here are some thoughts:

- YOUR LIST: What's on Your list of needs (must have, ie: 3 bedrooms, pet friendly) vs wants (would be nice to have, ie: hot tub)? Don't forget to include such things as closet/storage space, if such things are important to you.

- LOCATION: Where would you like to be in relation to work, play and amenities?

- CONDITION: Do you want a fixer-uper (less initial $ output, though renovations will cost $ over time) or move-in ready (perhaps higher initial $ output, though less $ on renovations, etc)?

- INVESTMENT: will the home be a long-term investment (stay and raise a family) or are you looking for a shorter-term investment (flip-type property)? In either case, you'll want to consider home condition.

- ADDITIONAL COSTS/RESTRICTIONS: be sure to also consider other associated costs such as property taxes, and home owners association fees (HOAs), in addition to understanding any/all covenants, etc.

Remember that things like floor covering, interior wall coloring, and appliances can easily be modified to your own taste, and to especially HAVE FUN LOOKING!!

Good Luck!
Kathryn
... more
0 votes 1 answer Share Flag
Thu May 2, 2013
Mark Puett answered:
Are you asking if you can a reverse mortgage on the new house?
A reverse mortgage is a way to tap the equity in a home that is paid off.
If you sell your current home you will have the cash from the sale. If you then buy your new home for cash you can then get a reverse mortgage on it. Remember, the reverse mortgage does incur additional closing costs and you are paying interest on the accumulating balance.
But, rather that a reverse mortgage, you might consider keeping the cash in the bank and get a small mortgage on your new house and make your payments from your cash in savings.
I would recommend speaking with a lender familiar with reverse mortgages for more detail.
... more
0 votes 2 answers Share Flag
Sun Dec 2, 2012
Artha Smith answered:
There is always a chance, but don't expect it to happen over night. Start saving a little as you can and do a lot of looking EVERYWHERE, newspapers, realtor.com and especially talk to an agent close to you. You can even find a financial consultant that can help clean up your credit, but don't pay for one, there are free services. You can't buy your way out of it, but with time and care you can get to where you want/need to be. ... more
0 votes 1 answer Share Flag
Thu Jul 16, 2015
Cyndi Robinson answered:
This home sets on a foundation so any bank should finance you.
0 votes 1 answer Share Flag
Sun Aug 26, 2012
Jan Scott asked:
Sun Aug 26, 2012
Graham-Faupel- Mendenhall answered:
The property is on the river, just south of town, very near Horse Creek. I just looked at the map and it points right to the property, try looking at the aerial photo and let me know if you have any questions. ... more
0 votes 2 answers Share Flag
Fri Aug 9, 2013
Ron Thomas answered:
Lease/Option
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?

This is the Ultimate Caveat Emptor!
... more
0 votes 4 answers Share Flag
Sun Aug 11, 2013
Todd Kittel answered:
Bowhntr2911,

I am not aware of any government aided/organized programs out there to help with what we like to call Lease w/Option to Buy properties. It is understandably so as they are a clever way to purchase a property when conventional financing isn't an option (i.e., bad credit, no credit, non-qualifying property, etc.). Renting may eventually help get you the credit necessary to secure a loan (FHA, VA, and so on) but in the meantime, I'm afraid you're on your own. First, I'd advise seeking advice from a lawyer before signing any contract. Second, contacting a real estate agent and a lender may also help shed light on what may otherwise be a dim outlook on putting a roof over your head that you can call your own.

Good luck!
... more
0 votes 3 answers Share Flag
Tue Jul 24, 2012
Alison Hillman answered:
Hey there!

You came to the right place, we have lots of great information about schools in your area:

http://www.trulia.com/real_estate/Pinedale-Wyoming/schools/

Check it out, let me know if I can help with anything else.

Cheers,
Ali, Community Manager
... more
0 votes 1 answer Share Flag
Thu May 17, 2012
Cindy asked:
Tue Oct 1, 2013
Bob Mc answered:
The Star Valley Ranch area is not deserted! It may be a touch seasonal, but there's people and businesses open year round here. It's very scenic, with a small town feel.
0 votes 2 answers Share Flag
Tue Aug 20, 2013
Don Tepper answered:
There could be a number of reasons why the prices aren't listed yet. Probably has to do with delays in paperwork, recording the deed, etc. Rather than use "popular websites," check to see if your county has the information online. If so, you'll find it there before you find it elsewhere.

As for the final sales price reflecting the bottom line: No. Absolutely not. Example: Joe sells a house to Sally for $100,000. But Sally asks for $3,000 in closing cost assistance. Or $3,000 for redecoration. Whatever. The sales price is shown on the records as $100,000, but Joe actually sold the house for $97,000. On top of that, of course, it doesn't show the real estate commission. If Joe paid a 6% commission (it's fully negotiable), then Joe paid a $6,000 commission. So now we're down to $91,000 that Joe actually received. Then there are the closing costs. Many are paid by the buyer, of course. (Though, in this example, maybe Joe covered some of them.) But some costs will be paid by the seller. Let's say $1,000. Now we're down to $90,000 that Joe really received.

So you check online and you see that Joe sold his house for $100,000. And you're concerned about the bottom line because maybe you've got a $95,000 mortgage. Or maybe you need to net $20,000 in order to buy your next home. You think you're fine . . . until, when you sell, you realize you're receiving $10,000 less than you expected.

No: Final sales price reflects none of those additional expenses. (A Realtor will be able to give you a pretty good idea of what the expenses will be.)

Hope that helps.
... more
0 votes 6 answers Share Flag
Fri Jan 18, 2013
Jake VanMeter answered:
No doubt many folks who bought during that time frame feel the same way given the market shift. It's always a good idea to check comparable home sales when buying or selling. As long as you didn't pay more than other comparable homes were selling for at that time in your neighborhood, chance are you didn't get a bad deal. An agent in your market should be able to pull comparables from that time frame, as well as let you know what your home is worth now. ... more
0 votes 6 answers Share Flag
Sat Jan 14, 2012
Tim Moore answered:
Maybe the property went under contract. When a property goes off the Active (for sale) status the links to it often terminate so you will no longer be able to access it anymore. Or the listing expired and has not been relisted. Call the Realtor and ask -- we don't bite! ... more
0 votes 3 answers Share Flag
Tue Jul 10, 2012
Dan Tabit answered:
Sohu,
This is a legal question about real estate. Since we are not attorney's our answers will be limited, but if in doubt, discuss this with an attorney who does estate work. It may be as simple as setting up a will to pass the house to your wife in the event of your death. As long as the payments are made, I doubt the lender will care. It may be useful though to send them your written authorization to speak with her regarding the loan. That way, if you are injured but still alive she can talk to them if necessary.
Estate planning is a very important step when you have a family and any assets. I used to hear an attorney on the radio say, "If you don't have a will of your own, the state will prepare one for you." The message is that the State's will may not meet your wishes. Better to be safe than sorry.
... more
0 votes 2 answers Share Flag
Fri Dec 2, 2011
Jeremy Hamilton #1 Properties answered:
Good Evening. That is a great question. County records only show above grade sq footage. For example: County shows a total 1250 sq ft, but the home has a full basement that has the same sq footage. So we show the the total sq. footage for the whole house that would be 2,500. If you are not currently working with an agent, I would be happy to show you homes. You can contact me at www.JTHamilton.com. Thanks, Jeremy Hamilton, Kuzma Success Realty, 307-630-1582 ... more
0 votes 1 answer Share Flag
Sat Aug 10, 2013
Rita Parker answered:
This is a very fast moving market so most sellers will be unwilling to wait for the final sale. Those that do are often over-priced. I have a quick, no-obligation valuation tool online at www.findyourroadhome.com so you can always check a home's estimated value before negotiating. ... more
0 votes 2 answers Share Flag
1 2 3
Search Advice
Search

Followers

9