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Karen Paytas's Advice

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  • 135 Contributions
  • 6 Best Answers
  • 17 Helpful

Karen Paytas wrote:

I am trying to sale my home

Answer
Do you have a question???
10 hours ago
(0)

what determens the amount you pay a month

Answer
Good Morning!The mortgage amount, taxes, insurance and interest rate and type of mortgage.Good Luck!
3 days ago
(0)

I want to sell my house but should I remortgage first, just in case it doesn't sell right away?

Answer
I agree with Jeff!  If your home is priced right and in good condition in the current market you should have no problem getting the home sold within your time frame. I'd be happy to help!
4 days ago
(0)

Where can I find out about procedures for buying houses in MI area, first time home buyers or FHA?

Answer
Kim, Good Afternoon!First your daughter is going to need a Realtor and a lender.  Our financing here is Conventional, FHA, VA, MSHDA. Down payments are determined by the financing chosen.  As a former Real Estate agent you know we can't discuss areas.If you would like the assistance of an experienced buyers agent I would be happy to help.Feel free to give me a call of send me an email.Happy Mothers Day!
May 12
(0)

Any one know of banks that offer 203k loans in southeastern Michigan?

Answer
I just closed on with PNC bank and Towne Mortgage.Good Luck!
May 01
(0)

My first offers on homes - is bidding 10% lower than ask price unreasonable?

Answer
Depening on the home and the time it's been on the market will determine if you can underbid on any home.  I've just sold a home in the area and was lucky enough to get it for asking price.  Homes are selling for asking price and above.  To expect to go in 10% below asking price without knowing the the current market value of the home is setting yourself up for disappointment.  Most homes will have multiple offers on them and highest and best will be asked for.  Unless your buying a bank owned wreck. The supply of decent homes available and the amount of buyers out there has turned our market around to a sellers market.I would recommend working with a buyers agent, have comparable sales run for any property you're interested in before making any judgement on writing a low ball offer.Good Luck!
April 22
(0)

I would like to bid on home 29349 Schoenherr, Warren, MI. How do I do bid?

Answer
This home is currently private owned.  It did not go through the foreclosure process in December 2012. It may still go to foreclosure or has recently went through the process but hasn't been recorded yet.Good Luck!
April 22
(0)

how do i find out about lease to buy a home

Response
Almost any Realtor can explain how the process works on a lease to own property. It's my experience that when a homeowner is willing to lease to own the buyer and seller come to an agreement on price.  The buyer/tenant come to an agreement on the lease price and terms.  A pre-determined amount of each months lease payment goes toward the purchase price of the home. Upon execution of the purchase the pre-paid amount is deducted from the purchase price and the deal now goes through as a sale.I hope this helps!
April 21
(0)

Is listing agent required to present offers within a defined time frame.

Answer
As everyone has said unless otherwise instructed by the seller all offers must be presented in a timely fashion.  Our buy and sell agreement has the ability to put in a expiration date and time of the offer to accepted, rejected or countered.Good Luck!
April 18
(0)

I want to Buy a Lake House in Oakland County

Best Answer
Good Morning!sure you're working with an agent to assist you.  There is one home currently on the market on Walled Lake but it's priced at 677k.  Have your agent contact the homeowners on the Lake to inquire if any are considering selling their homes. There are plenty of homes on the other lakes you mentioned.Good Luck!!
April 17
(0)