mukoh
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I think sticking it out until your husband gets a job is the best decision. No need to risk anything. Its just 10 months not that long.
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biliruben wrote: The ethical issue would be the fact that your niece would be defrauding the next lender. When your niece is applying for the loan on the next house down in the land of no allergies (the Southwest?), if they don't disclose that th…
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IMHO and statistically I have seen it been proven is that rents going up comes to a point where per Sq Ft rents are at the same level that a purchase/mortgage of likewise property is, that is when rents start going down as people want the white pick…
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Mike, As I recommended earlier, if they are negative on their equity in this home and they will buy another home in another area that they move to best scenario is to do that and just walk away from this home and let the bank deal with it, the bank…
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Dave its funny to see multiple offers in this market, makes me shrug at that. A friend of mine listed a home a couple of weeks back in Seattle $1m+ is the price, and had two offers the first day. Still happens but that is such a rarity. Which …
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Sniglet, Majority of the homeowners do not want to rent, will never rent, and do not desire to be landlords. Biggest percentage will stop the sale of their house and take a hold on moving unless they absolutely need to. REOs and Foreclosures are…
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Right now the situation is as such unless you have assets, reserves, down payment, great credit history, job history, proof of income, you are not buying a house unless you are paying cash. Banks have made every funky program go away, and every week…
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That is an awefull price for that house.
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davidlosh wrote: i'm sorry my comment got lost, but this thread is sounding a lot like the movie Glengarry Glen Ross. "if only we had the leads we could do some business." i've written deals on cocktail napkins and closed them. you don't need a…
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perfectfire wrote: mukoh wrote: If you list a home on google, how many people do you have to arrange showings with? As many as you want. You're in control. mukoh wrote: Are they screened as being actual buyers or have other motives? …
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When rents are rising they are aligning themselves in time with mortgage rates (which are dropping right now), to the point where it makes a bit more sense to buy. Rising rents are not an idicator of a market tanking.
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Sniglet I think you are quite off from my observation. I know major holders of multi-unit 50+ apartments, rentals (1500+ units). In the peak of the market from end of 2005-mid 2007, they had to cut rents, advertise, and give out first month free …
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Perfectfire. A normal realtor who knows his job, will screen his clients in the office, prequalify. As far as FSBO being wide spread, it will be very widespread when there is a ton of buyers and no houses, and you can drive through the neighbour…
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King and Snoho have dropped, but nothing major about .4% -.5%. IMHO the drops are due to sellers actually realizing is that it is not a good time to sell. As well as builders scaling down new construction starts, and renting out a bit of their st…
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Building lots have softened approximately 30-40% in the last 12 months. So of course now land is cheap.
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perfectfire wrote: mukoh wrote: You are quite sure of yourself on those plus points of redfin, google, and whatever other company taking care of selling 1% of the homes that their like is managing to sell at the moment. What "plus point…
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Their particular situation has not so much to do with just the market, but their need to move right now. First thing of advice list it with an agent who will take a short sale, there are agents who are with reputable companies who specialize in s…
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The good thing about seattle and surrounding areas builders, so far have scaled back 30-40% for the next 12 months. Which should reduce levels of inventory.
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There is no 100% LTV Loans. there is 90/10 80/20 and so on. And PMI loans, as well as the good old downpayment "Gift" programs. That quote on the website is a great bait and switch. Once you get into the actual lenders underwriters there will …
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You don't need any regulatory approval to list your home for sale and Google, or anyone else (for instance, Craigslist) doesn't need anybody's approval to create a database of homes for sale. You're probably thinking that Google would mirror the NW…
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david_mcmanus wrote: More like "Google listing service". Reach millions of people for a fraction of the cost of the MLS. Also the integration with Google Maps / Streetview would be kickass. I've actually seen a few websites that use Google Maps…
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Cougar wrote: Did some digging. The guy got it a divorce settlement. Took a promissory note out from a private lender and they became beneficiary. How would one qualify to buy this POS? The only way is to get a construction loan. You nee…
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deejayoh wrote: The buyer may be protected from liens - but that was not my point. The price is listed as $300k - which probably doesn't take into account any liens. Which may not be discovered until the title search. So what the seller (or mor…
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Something like this is financed through a construction loan only. i.e. 30% down, 7-8% interest, ad about 10 months of reserves.
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deejayoh wrote: mukoh wrote: The recoup cost depend on how much you took the seller off his "market" price for those bathrooms/bedrooms remodels. Lets say you walked into a house that was listed for $450k and you got the price down to $425k, …
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deejayoh wrote: Incredible! I bet that thing is so loaded up with liens you'll be out double what you paid for it. Liens are either paid by seller at closing or the deal doesn't close. A lot of times the banks will pay the leans just t…
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I see plenty of non investor sellers right now making drastic drops to sell their houses. A friend of mine got himself a house in kirkland for $80k off its asking price, of $549k. He is 12 minutes from "M" his workplace and is loving it. Its all …
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The recoup cost depend on how much you took the seller off his "market" price for those bathrooms/bedrooms remodels. Lets say you walked into a house that was listed for $450k and you got the price down to $425k, then post inspection you knocked it…
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Oh every thing's imploding. Finance, retail, tech-sector. It's all going down man. Didn't you read the story that food stamp applications at an all time high? Prepare for soup kitchens and shanty-towns. Aka Bush-villes. What we need is MASSIVE inves…