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Karen Paytas's Advice

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  • 217 Contributions
  • 6 Best Answers
  • 22 Helpful

Karen Paytas wrote:

I"m tring to decide whether to try to sell/buy now or in the Spring, any advice is appreciated.

Answer
I would recommend selling your home now. Interest rates are still low and there is a lack of inventory. When there's a lack of inventory sellers tend to get asking price or better and there's the possibility of multiple offers.
4 days ago
(0)

How do you determine square footage of home.

Answer
I just had an experience in Macomb County that the appraiser wouldn't use the square footage of a finished walk out basement in the appraisal value.  I guess it depends on the appraiser.  I would recommend not using the basement square footage in valuing the property.Good Luck!
July 21
(0)

Real Estate Agent License Michigan

Answer
Call and speak to an area Broker that you're going to invest or work near.  Most will have no problem sponsoring you.  Our company would be happy to sponsor you.Good Luck!
June 29
(0)

How do I get a public record on a house?

Answer
Depending on the city. And what you're looking for. You can type into Google the city, state and most will come up. Look for the official site such as Ferndale.gov. If you need further assistance just send me an email with the address and I'll look it up for you. Good Luck!
June 24
(0)

203k loan questions

Answer
If you're only approved for a 180k mortgage you can only buy a home for 155k if there are 25k in repairs needed. Good Luck!
June 04
(1)

Association Fee

Answer
The monthly association fee is $90.00.Good Luck!
June 04
(0)

Listing agent showed cottage - Do I have to use him to write offer?

Answer
If the listing agent showed you the property they have procuring cause of sale. You will need to have your agent show you the property. Good Luck!
May 29
(0)

What to do when your appraisal comes in much lower than the offered price?

Answer
There are several avenues that can be taken.  The FHA addendum states that the property must appraise for purchase price. If the agents feel the appraiser is wrong and there are comparable properties that have sold in the area they can present them to the appraiser.  They must be closed prior to the appraiser visiting the property within the last 6 months (most likely this year). The buyer can pay the difference in cash at closing.  The seller can drop the price to appraised value or the buyer and seller can come to an agreement and then the buyer would have to bring that difference in cash at closing. If the seller isn't willing to lower the price and the buyer can't afford to pay the difference up front then the deal goes dead and the buyer get their deposit back and starts looking for a different home.  The seller need to be aware that the FHA appraisal with stick with the house for 6 months, so any buyer using FHA financing will get the same appraisal.Good Luck!
April 26
(0)

Does Zillow have people to assist in finding homes to meet my criteria?

Answer
Contact an area Realtor! They can assist you!
April 06
(0)

how to estimate price of my condo. zip code 48098

Answer
A Realtor can do a comparative market analysis. Which wii show condo's that have sold recently in your area. Good Luck!
April 01
(0)