It appears the advertisers remarks may not have been complete by the looks of it. I am guessing that they are just referring to the fact that this builder uses top quality materials and that the quality of the construction is top notch. Hope this is helpful, Ben.
Yes unfortunately its true but I've also seen with a great attorney you may be able to get the bank or in this case Fannie Mae to cover a portion or all of past HOA. I can't comment on your agent and the discrepancy regarding the monthly dues but hopefully the difference is worth it and your still hopefully getting a wonderful deal which is often the case when buying a HomePath property. Good luck to you!
For the best estimate on your homes value, your far better off calling a local real estate expert in your area. Many will offer to do a CMA (comparative market analysis for you at no charge in hopes of the opportunity to be your agent for any needs in the future. Zillow is simply a tool for consumers to see other homes but can't be trusted for an accurate assesment of value in my opinion.
Its always best to pay for legal advice and to look out for your best interests, especially when it comes to a purchase of this size. While the closing process will be easier due to it being a cash purchase, the few hundred dollars for an attorney will atleast give you peace of mind. Additionally, here in Illinois its very uncommon for any closings to take place without both parties represented by an attorney. If you'd like to know of an attorney, I have a couple that are fantastic and will gladly represent your interests, just email me and I'll gladly share the information.
My suggestion is to get in touch with a lender. I feel as though like any loan, it will come down to debt to income ratio. If your income, less expenses fits a ratio bank will use to allow for a mortgage of this size, you should qualify. Best of luck!
Purchasing with Cash would be the only option that I know of for you, or to work an arrangement out with an owner that is open to renting with the option to purchase. I also would suggest meeting with a qualifed lender that can help you to break-down what areas in your credit report you should put a focus on paying down and if there are any past collections that can be taken out. Best of luck.
Great question and time will tell but there is no guarantee that by renting you'll be better off or that by purchasing you'll be better off. The other thing to consider is that your four year "plan" may change.One thing that remains consitent with this market and that of a few years back is that only a savy investor or buyer purchases a home realizing that they made a sound investment on the purchase, not the sale. For many that bought based on appreciation, they themselves are now either under water or foreclosed on. There are many great opportunities to purchase in this market that I believe will be very sound investments 4 years from now but you have to do your homework. Purchase only after you have done plenty of research for that area, reviewed comps by a licensed realtor, and then found a home that isn't above market value. My business partner and I work with many investors that purchase homes and sell them in a matter of months for great profits. If it wasn't possible to make money in the market by purchasing today and selling in four years its most likely that you over-paid to begin with. Best of luck!
There is history reported on the MLS of a property that was sold in Kankakee in 2008 but nothing currently for sale or that has been sold with an Alton address.
Brian, Contact one of my service partners, they may be able to help. Michael Jenkins runs Windy City Short Sales and can be emailed at [content removed by moderator] and copy his assistant [content removed by moderator]Best of luck,Ben
Most lenders will pre-approve you at no cost. Feel free to contact my preferred lender Erin Stojakovic who will gladly assist you in this first step towards purchasing a home. She is wonderful to work with and will pre-approve you for free.Erin can be reached at 773-220-9094 or via email at email@example.com.Let her know I referred you and best of luck!Ben