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Home Buying : Nationwide Real Estate Advice

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A few minutes ago
Mike4houses answered:
If you wrote the contract with an Option period and are still before that date. Your agent may be able to get the seller to agree to either make the repairs or give you an adjustment to the price or a combination of both. If the repairs concern you and you can't reach an agreement, the option fee gives you the right to cancel the agreement and get a refund of your earnest money.

If the repairs are such that the home will not qualify with the lender due to property condition, your financing addendum may provide for you to either get the seller's agreement to make the needed repairs or withdraw from the sale. Your agent can advise you. Didn't use an agent? You just found out why you should.
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A few minutes ago
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A few minutes ago asked:
A few hours ago
Tyeaselevers answered:
Does anyone know of a lender that will do VA Construction Loans in New York state?
0 votes 12 answers Share Flag
A few hours ago
Eric W Vander Werff answered:
So to be clear - the seller has agreed to $7000 towards your prepaids and closing costs? If yes, and the amount is less than $7000 - then you would need your 3.5% down. In some cases, credit scores or Debt to income ratios do require more than the minimum down payment, however. Sounds like a good time to have a very detailed conversation with your loan officer. Best of success! ... more
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A few hours ago
Eric W Vander Werff answered:
I have a loan closing in Androscoggin County next week. Purchase price is $190,000. Closing costs are $3400, prepaids $1800. Hope that helps you out. Taxes on this property are $2000/year and insurance $1000 so your prepaids might be less depending on the property. Feel free to reach out directly if you'd like to discuss your specific situation. You can find my lender reviews on zillow. ... more
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A few hours ago
Yodavaderman asked:
One would understandably need to know in advance if the condition is poor but reasonable, and would require some updating but not extensive or major.
0 votes 0 Answers Share Flag
A few hours ago
Eric W Vander Werff answered:
Each state should have some sort of housing authority that offers down payment assistance. Alabama is here:
0 votes 1 answer Share Flag
A few hours ago
Elva Wormley answered:
Hi Jonathan and Eva,

I may be able to assist you. I have several loan options for buyers who are credit challenged. Please feel free to give me a call or email me.

Best regards,
Elva Wormley ... more
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A few hours ago
Fitzgeraldmary22 answered:
I put a contract to purchase a condo in Lake Worth 10 days later I went back in to the unit to get a copy of the condo docs. The smell of the unit had me on the floor. The condo docs read
no money in reserves, it is on rented land & referred to condo as apartments. I immediately went home, the smell lingered on my clothes and car. I could still smell it once in my home. I just could not buy this unit. I am having a difficult time getting my deposit back. It has been 6 days. If I do not have my deposit back first of next week. I will contact DBR. Division of Realtors.
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0 votes 7 answers Share Flag
A few hours ago
David Campbell answered:
DO NOT TURN YOURSELF DOWN ! MANY HOME PURCHASES HAVE BEEN DONE WITH NO TO LOW DOWN PAYMENT ! Decades of real estate experience here, I have closed literally hundreds of homes whereby buyer's entire first months investment was no more than that months currently renting would have been, this included "Buyers Closing Costs" were paid from the transaction at closing, not from the Buyer at closing. "Buyers Closing Costs" include these 'front end costs' and more upon closing > There may be due diligence advanced fees buyer must pay, from + - $350 Appraisal to twice to three times that if "Home Inspection" and maybe a third something is required for the Lender to be able to approve loan program "Underwriting Guidelines". If you have never purchased a NO to LOW down payment home before, you really need an experienced SKILLED Realtor who can utilize and co-ordinate purchase contract due diligence through closing of the purchase, with well chosen No To Low Down Payment Lender excellent Closing Agent.
You may be able to find a trustworthy No to Low Down Payment Experienced Realtor by searching listings on internet for those actively advertising or promoting Low to No down payment single family homes (there are typically better programs for actual homes versus manufactured homes that are often advertised as low down payment) .
IF you do NOT have skilled and reliable assistance, you may spend lots of time and end up losing all your due diligence money mentioned above (+- > $350 Appraisal, + Home Inspection + Maybe 'OTHER' you need reliable guidance to tell you what "other" is, for your specific situation > among MANY home loan programs for low to no down homes !)

IF IT HELPS YOU: I MAY be able to find an experienced NO to Low Down Payment Realtor as reliable local area home purchase guidance for you. THIS IS FOR UNITED STATES ONLY:
Initially FREE & typically no cost to you & anyway I NEVER charge unless agreed in writing.
IF YOU WANT MY FREE HELP: Email me your 1) potential housing goals (married planning more family, or single, etc, ie what are your household needs currently and if family expansion in the future planned 2)Where you want to buy > city or town location with at least one preferred zip code in that area 3) Your current Rent & is it going up ?
AND send me an email with subject line WANT TO BUY NO TO LOW DOWN HOME to:
David Campbell, Realtor, Developer, Investor, President
Synergy Professionals Inc, Florida Licensed Corporate Real Estate Broker

Worked for All Home Buyers Doing this >
Great for anyone with expenses & paying monthly housing rental or home ownership costs:
Carry a small spiral pad with yourself in such as back or front pocket or purse, from Top Left of first blank page write "ITEM PURCHASED & Is this a Need ? or a Want ?" Then next to that, on top right place spaced apart, the letters N - W
Then carry that for two weeks and every time you make ANY purchase anywhere, including grocery items, fuel, sodas, internet purchases etc . . . WRITE DOWN EVERY expenditure,
write down per the heading WHAT you purchased under ITEM PURCHASED and then to right of that N or W to designate Did you Need that ? or Did you Want that ? purchase !
At the end of two weeks, total all expenditures then total all W's = "Wants" that you spent.
Then add up all Wants and consider how many of those you may Want LESS than a home !
Then add up all the Needs and Wants and review and think out how you might continue some of those truly needed purchases for LESS ! (One Example: A man every day driving to work, stopped at a convenience store & purchased newspaper, largest convenience store expensive soda, and ate their breakfast foods, around $10 EVERY DAY, X 5 days per week, X 4.3 weeks per month = $215 per month he reduced surprisingly, purchasing sodas by the case & spending time with his child on porch in morning eating breakfast at home to relax there prior to work. . . this & many other positive changes provided lots extra money).
Best wishes,
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0 votes 208 answers Share Flag
Earlier today
Louvasquez.consultinggroup answered:
In the Midwest, trying to sell a home with an outdoor winterized pool is detrimental.
However, showing of a pool that is in full operation with ALL the landscaping accrutements well into the season will help to garner an offer closer to the asking price. ... more
0 votes 83 answers Share Flag
Earlier today
Sherm1944 asked:
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