I can find some great deals out there but it seems that no matter how far below fair market value i purchase a house the banks and mortgage brokers are only going to allow me to refinance based on what i paid for it.
Fighting the urge to rant about how rediculous underwriting standards have become, my question is: How soon will i be able to refinance based on fair market value?
I really want to purchase an investment property right now. I have the extra cash and want to put it into something a little more solid than the stock market.
I see homes valued at say $100,000 that are for sale at $100,000. How do I get that price down? What is the point in buying a home as an investment for exactly what it is worth? What happened to the “you make your money when you buy the home”? It’s kind of frustrating to keep looking at houses and being pushed to buy a house just because I can afford the monthly payments.
Tips? I want to rent these out, not flip the houses.
I found a condo I liked, that is selling for 300, 000 in a nice area of Orange County, CA. I have heard from my friends who are experienced homebuyers to initially offer at least 30,000-50,000 dollars less than asking price as the worst that can happen is they say no, and the best scenario is they accept the offer. My broker says thats crazy, and it would just offend the seller since it is already priced below market price. Who is right? My friends I feel would be looking out for my best interest and would have nothing to gain but arent realtors, but my broker is more experienced and will do alot of the work, but wont neccesarily look out for me as she has to do the legwork, and the less I pay the less she gets in commissions. So I was just hoping to get other peoples opinions. Thanks.
We tried a year ago to sell our house above market value we put all our nick nacks in storage and hired a painter to paint all the walls neutral color and worked very hard to keep it perfect it didn’t sell. Houses in our area are still selling very well but we did so much work last time we don’t feel like doing it again. If we sell our house for really cheap can we keep our clutter and just sell it the way it is??
I have read all the tips. I am pregnant and have a 2 yr old. We are wanting to be lazy and just get rid of this house. We have lived here for 6 years and we hate it now. We want to be lazy this time around and not put much effort into it.
we have paid off a lot of the house and could list it for 25k less than what we listed it for a year ago and the only difference would be it’s cluttered now.
A family friend wants to sell her home to us for way, WAY below it’s market value (like several hundreds of thousands). We’d be getting such a good deal, that something just feels wrong about it. Is there?
it is well worth 700K – 900K, 180degree soundview home in the city of Seattle and she has offered for us to buy it at 250K. No financial disasters in her life – she is just old (90) and says she doesn’t need the money.