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Gene Clements's Advice

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  • 57 Contributions
  • 0 Best Answers
  • 27 Helpful

Gene Clements wrote:

Borrow money after short sale with money in reserves.

Answer
Many private banks and financial institutions will lend to using your cash as collateral.It will most likely be cheaper than using a hard money lender.
May 21 2013
(0)

My grandfather passed in 1981.He did have a will and my Mother is his only heir. What does she have

Answer
This a legal question please contact a lawyer that handles wills. I can refer you one if you would like.[contact information removed by moderator]
May 21 2013
(0)

How do I get an estimate for my house in Peabody,Ma.?

Answer
Call or email a local agent like me ! I live in Peabody.Gene@clemenetsrealty.net
May 21 2013
(0)

what can i do to recieve the loan i need

Answer
Ask your agent for recommendations they can typically know which type of lender is right for you. For example if you need to close quickly your agent will know which banks or brokers can close fast. Some large banks can take a lot longer than smaller banks or mortgage brokers. But if you need a jumbo loan a large bank may have better rates.
May 21 2013
(0)

How can you find out if a condo listed is FHA approved and qualifies for a FHA loan ?

Answer
You can check the FHA website or call the condo association. If your agent does a lot of work in the area they may also know.
May 21 2013
(0)

Can I advertise an OPEN HOUSE as a for sale by owner ?

Answer
Of course you can. Many websites will allow you to promote your open house for free . Also most local newspapers have an open house section. Good luck..
May 06 2013
(0)

What should you do when you can't get ANY response from the listing agent? Interested in house, wan

Answer
You are always better off hiring a buyers agent. They have your interest in mind and not the seller. Also most agents in a local area know each other so your agent can most likely get you the information you want easily .
May 06 2013
(0)

how do i figure out the valiue of my home?

Answer
Contact an agent who specializes in your area. They will give you a free opinion of value. If you need a value for an estate plan , divorce ect contact a local appraiser.
May 06 2013
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Does square footage refer to finished area only or does it include the total area in the home?

Answer
Square footage in most cases is the livable area of the home. Sometimes a finished basement may not be included even if it is heated.
May 04 2013
(0)

I have a $70K mortgage for 30yrs. @5.50%. Would it be realistic to try to transfer this?

Answer
Absolutely rates are currently much lower. I recommend you contact your local bank or mortgage professional . 
May 04 2013
(0)