Here in NJ,finished or not, the basement is NOT included in the total home square footage.
In m view, yes one can qualify for an FHA loan providing that the unpermitted bath is not considered in the overall characteristics of the home. I'd ask, how much would it cost you to call the township to come out and inspect and make this a "permitted" bath. Here in NJ, I'm thinking maybe $75 to $150k? Would it be worth the investment of time and money? yoUR CHOICE.
Erica, Wow, this should not be and on behalf of my fellow colleagues, I do apolgoize for these unethical actions. Since your agent appears to be uncooperative, I would recommend that you call the main number of the agency and ask for the broker .. . do not give your name or the name of the agent, just say I want to speak to the broker. Depending upon how much time is left on your current contact most brokers will offer to reassign the listing to another agent, but rest assured the the initial agent will most certainly continue to have a financial interest in your listing, so therefore, I would a complete and "unconditional" withrawal of the listing releasing you for any and all obligations to the agent or his/her firm. YOU HAVE NO OBLIGATION to disclose your new agent of choice. Don't them them bully you!
Realtors_Lie, First off, the difference between an $800k purchase price and an $850k purchase price in terms of commmisions in minimal, therefore it is absurd for any agent to advoicate the higher price as repeat business is our ultimate goal and/or risk their license for a mere $200 or $300 bucks! Not sure what u mean about "telling the truth about listing" but as it applies to condtions, here in NJ the seller is respsonible to provide a disclosure of same; hene it is the seller/listing agents responsibility to produce and buyers agent are at their mercy. It is the responsiblity of the buyers agent based upon experience to diclose any latent facts about the property based upon inspection and the responsiblity of the home inspector to uncover any majoror minor issues. You appear to be somwehat disgruntled. I can assure you commisions are not a factor in your purchase, but perhaps other issues, which are understandble in this market.
Oh what a suprise . .. Zillow is off base! What a shocker! Zillow is notorius for inacurate evaluations and only a local agent/agency can provide the date to counter same. As for your having bought his year and wanting to sell at a profit within a "few years" I highly doubt that will happen. Due to the economic environment. by selling in a few years, you would be lucky to break even. The days of great appreication are long gone and annual depreciation continues. You would be better served by holding onto your home for at least 5 years.
FB, First let me say that that us RE Brokers and I highly doubt that mortgage brokers start with Zillow. In fact, although Zillow has improved over the years and I highly respect Zillow, they are the LAST point within which we use to evaluate! . ... as their estimates are superficial and are unabe to consider interior conditions. If your agent is doing so (and I rarely say this, kick him/her to the curb). Zillow estimates have created quite challenge for us agents when it comes to buyers as buyers see it as a Bible of sorts. The bottom line is "local" evaluations. Period, the end. As with what you hear in the national media with home prices, one must take Zestiamtes with a grain of salt and tailor the evaluation to the local level.
You can try your best to find same through bank's websites, but with today's economical circumstances the calls for property are overwhelming therefore, most properties that are bank owned are handed to RE agent that specialize in same. I personally won't even touch them since it is the responsibly of the agent/agency to maintain the property, which ultimates net in a loss of income. As for auctions, they are by county and be advised that you are up again the PROS who this sort of thing for a living and come with cash in hand, so frankly, it is not as easy as it appears . . . or as late night TV makes it appear. Good luck in our search.
Sunny, You need to go away.I'm told by the Zillow folks that you have no association with Zillow and they have no idea who you are. Get a life and stop offering ill advise.
Supra lockboxs are reserved for licensed real estate brokerages only.You can hire a flat fee company to provide same depending upon the price that you pay, but I can tell you that doing so will not help your efforts to sell.
Hmmmm, dunes that was quick! Most people ignore me when talk about this report, but u were right on top of it! I still think there is more to you than u et us know! I use this report in EVERY listing presentation . . and yes, Realor.com has quite way to catch up with the toher sites.