If you are using a Realtor and they used the promulgated TREC contract, paragraph 7A. states "Seller shall permit buyer, and buyer's agents access to the property at reasonable times"
Ask your lender about a 203k loan. You may be able to escrow the repairs and then have them done after closing.
Yes, everything is negotiable. I would suggest to propose that at the beginning of the negotiation so there isn't a problem after the fact.
I agree with Joseph. The changes are usually minor, but Realtors are usually charged with using the most updated promulgated forms, but I don't think it makes the contract unenforceable or invalid. You WILL need to consult an attorney for specific legal questions.
we would need to know the city and zip before we can try and locate any info.
Give us the address & contact info. We would be happy to look at it and get you the information you are needing.
The owner of a property will rarely change the value. In this case, TO owning it wouldn't make a difference. The value will still be derived off comparable sales.
I agree. Most investment properties will come with higher rates and larger down payment requirements. Run good numbers on the property and you may still have a good investment opportunity in the long run.
I would think there would be no issues in getting a loan. My suggestion is to call several lenders and let them educate you on specific loans and rates available. Then you can narrow it down to the lender you want to use.
First: ask your friends & collegues to refer you to a lender or two. Next: call the lender and ask about first time buyer programs they know about and the best type of loan for your specific situation. Then: find an experienced Realtor that works in the area you would like to live. They will guide you through the rest of your transaction.