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MaryLynn Heinen,CRS ABR Sres's Advice

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  • 13 Contributions
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  • 2 Helpful

MaryLynn Heinen,CRS ABR Sres wrote:

I need to know what my home that I am selling will appraise for how do I find htis out

Answer
If you have your house listed with a real estate Broker, the Broker will give you a market analysis which will have at least 3-6 comparable homes to yours that have sold within the last 3-6 months and that are for sale in your area.  This is similar information that a licensed appraiser will use for the borrower's lender appraisal.  If  you currently do not have your house listed for sale with a Real Estate Broker, you can always check with the county assessor's website to see what has sold in your area of like homes within the past 3-6 months to get a good idea of what an appraiser might come up with. The appraiser will make adjustments to reflect any upgrades or additions, plus and minus, to justify the price which is subjective and only good for the day of the appraisal.   If you have any further questions regarding this, feel free to contact me anytime.  I am happy to help!
April 27 2012
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Can a seller cancel escrow if past COE due to lender issues?

Answer
Look at what your contract says and make sure you have a closing date extension if you need one. 
October 30 2010
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Would like to find how much my home would sell for?

Answer
You can get a Comparable Market Value for your home from a local Certified Residential Specialist who can also help you achieve your goals with today's challenging market strategies to enable you to sell your home for top dollar to a pre-approved buyer.  Do you have someone in your area with the CRS Designation?  I can refer you to one.
October 30 2010
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This is the wrong square footage for this home. How can I change it?

Answer
Check with your county assessors to see what they have of record, check with the appraisal documents to see what the Appraiser came up with.  If you still think the sq.ft. is off, then measure the house for yourself.  Remember too that the interior and exterior sq.ft. vary quite a bit and that everyone measures differently.  Interior you only measure the actual living area, exterior will therefore be much larger.  You do not include the closets or areas that have really low ceilings either.  If you still need more this subject, and where to have it changed will depend on where you want to change it.
March 26 2009
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$8,000.00 Buyer Stimulus "Do You Qualify?"
Today's renters are making mortgage payments for the landlords.  If you have not owned a home in the past three years or are a first time homebuyer, have a credit score of 620 or more, you could possibly qualify for the $8,000.00 if you purchase before Dec.1 2009.  If you pay rent of approx. $800 per month, you could buy a home around $115,000.  So, depending on where you live, this could be a great time to invest in your future.  The $8,000.00 only has to be repaid if you do not live in the home for three years.  It will take approx. 3% down if you finance through an FHA loan.  This is pretty close to what it takes to get into an new rental unit.  If the seller pays your 3-4% closing costs, you can get in for very little.  Some areas even offer matching down payment assistance programs and additional grants.  So if you are thinking about making the move to home ownership, This is Your Year!
March 25 2009
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Can I get a loan modification if I am not in default?

Answer
From what I have read and understand, you do qualify for this modification.  You will have to be quite stern with WF and let them know that you want a fixed rate at today's rate and have them streamline the loan.  If you shop around for other lender's, then maybe you will have a better chance of making it clear that you mean to refi as they do not want to loose your business.  Go to your local WF Mtg. branch and talk with the manager and maybe they can get the ball rolling for you. Best of Luck!
March 25 2009
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Is an ARM the best way to go if I plan to own a home for 5-7 years?

Answer
Currently the interest rates are so low that you are better off with a fixed rate because we don't know how high the rates may be in 2-3 years.  And if your ARM has a pre-payment penalty you may have even more trouble when the rates climb and you want to re-finance to a fixed rate.  If you are looking at Jumbo loans, then that may add a different twist to your loan purchase.  Look at all of the options available and plan on your home equity rising in a few years.  Best of Luck!
March 25 2009
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How can I report fraudulent use of Zillow e-mail?

Answer
I would call Zillow directly about this problem.  Under tools there is an Email Alerts, so maybe that is where you report it.  We have to be so careful anymore with all the scams out there.  I've recieved large checks in the mail and asked to cash them in my bank and keep 500 as a fee, shop walmart and then money gram the remainder back to the sender, so beware of that scam too... Some people actually do it and lose their money.. Amazing...
March 18 2009
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How do I avoid suprises at closing that do not match the GFE?

Answer
Good faith estimates can vary from one lender to another depending upon what time of of year you close will always determine what your pre-paid expenses are.  There is no way to determine that until you have actually entered into the purchase and sales agreement and have an actual closing date, that is when you should ask for an updated GFE which will be determined by the invester who will fund the loan.  Hope this helps.
March 18 2009
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How do I get a loan after a Chapter 13 bankruptcy?

Answer
Unfortunately funds are tight in the Real Estate market and when you have a bankruptcy things get even tighter.  Your credit score is touched by that.  If you would like to talk with a lender who may be able to assist you, call me.  Let's see what he has to say about that. 
March 18 2009
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