LLLoyd, This site is mostly made up of thousands of Real Estate agents like myself who are here trying to promote ourselves and our clients properties. If you are recieving a lot of calls from agents deal with it, we don't bite. Just tell them you are not interested at this time. I say that because no matter where you advertise this is going to happen. I call fsbo's all the time to see if I can be of service. Many times I have listed homes for folks who have tried to sell alone and were not successful. This dosen't mean you won't be. It's tough out here trying to find buyers in this market. Remember it's about exposure you need to put your home out where buyers can find that it is "FOR SALE". If the brokers see it, so do buyers. My advice is deal with the broker calls but be kind to us, we're only trying to make a living and possibly be of service to you. Good Luck!!
Wow! That's quite a question. So many variables it's hard to say. I did a quick look at what is available and the prices are all over the place. Jemtland road has a 20 acre parcel offered at 43,850. thats about 2k pr acre. Omadawaska road sold a 94 acre tract for 40k. thats about $425.00 per acre and Sweden road currently has a 96 acre parcel for sale for $70k and that is about $730.00 per acre. So we can't do an average. Then you have to calculate whether there is value in the timber. When was the last time it was farmed. If it's been a long time since the property was valued for it's timber I would suggest you have that done. That could be more than the land is worth. How is the land held? can it be subdivided? How much road frontage? Is it mostly dry? what is the terrain? Can I ask you what you think it's worth? I can put you in touch with someone who deals with large parcels of land in the territories if you like. Let me know, good luck, Bob Tripp
Hi to accurately give you a figure of value I would have to see the home and the nieghborhood. There is a difference between an appraisal and a cma. an appraisal is a much more in depth look at a homes value and can only be done by a licensed appraiser. A cma is a comparative market analysis that is performed by a real estate agent where he finds like homes from your area that have sold over the past 6 months to 1 year and he developes an opinon of value. And that opinion is based on how much a buyer in this market is willing to pay for your home.Unfortunately if it was a cma there was a big difference between 2006 and 2007. things hit the cieling in the beginning of 06 and started devaluating by the end of 06 and by the end of 07 things were tanking. As a ball park the state averaged about a 20%-25% decrease across the board with some of the outlying sectors getting hit a little harder. Waterville maybe as much as 30%. I know this really isn't much help. If you would like further assistance with finding a true value please give me a call. Thanks for your question Bob
This site really is not a place to be figuring values. Most agents will give you an opinion of value free of charge. If you are serious about a home contact an agent,go look at it,ask him to do a cma (comparative market analysis) then make your offer. Believe me most agents will bend over backwards to help you. Give me a call if I can be of any assistance we have offices all over the country. Good Luck! Bob
Cedit score only accounts for about 30-40% of the equation used for mortgage acceptance. Other factors are employment history, your debt to income ratio, the home appraisal and your down payment. If these factors are good in your case you may want to consider talking to a finance company about an F.H.A. loan Here is the site http://www.fha.com/fha_loan_requirements.cfm They require 5% down and a 640 credit score. However your lender may be able to help you with that. If you've held down a job for a year or more I'd appy A.S.A.P Good Luck Happy New Year
Section 8 itself has a demographic that shows the need in each sector.They also have great programs for investors to help finance properties in these sectors that need housing. I would start by googling section 8 housing in LA and set up a meeting with an auditor. Good Luck! Happy New Year!
Who told you that the house is now worth 119k?If you got a verbal or a cma from a broker that is only an opinion of value. What sells homes today is price. If you told your broker about your eagerness to sell, it may have some bearring on the value quoted.You are looking at about a 30% depreciation. I would look at sold comparables in the area and see if a 30% drop is average. I'm in Portland Maine and we have experienced an average of around 20%. Another way to find value is by looking at your assessment. Call your local town assessors office and ask them if the value is 100%Who established the rent to be $800.00 per mth?Can you increase the rent by $100 or more?What figure did she have on the house last time she tried to sell it?What is the exact number monthly that is going out.Does your payment include taxes?162k @ 5.9% for 30 yrs = $960.00 pr mth150k @ 4.5% for 30 yrs = $760.00 pr.mth.My reason for asking this is for you to get completely organized Then get proffesional advice from an accountant and a lawyer? Then talk to your lender. Explain the situation and present options. I would avoid forclosure at least for another year if possible. But it's going to take years for prices to come back up and we will not see 30% growth again until our unemployment rate changes so no matter what you do your going to suffer some loss even if you do wait. Also take into consideration that the montly loss might be tax deductable along with the interest and taxes. So figuring that into her yearly taxes this year you may not be losing the $400.00 per month. Like I said that will take an accountant to figure that out. Good Luck. Happy New Year!!
Honestly this question was comman place several years ago. And the answer then was you snooze you loose. There are a lot of buyers on the market right now and many of them are watching homes and waiting for the price to come down and when it does they act quickly. It's happened to me several times this year. Buyers are not as motivated as they should be when they see something they like and it is a deal. Chaulk this up to experience. Next time you see something don't drag your feet and act. Your agent may have a contract with the investor as well as you. If you were draging your feet she wanted to sell the house before someone else did.
I agree with Sean and keeping it local but there are a few other things you can do to prepare for a conversation with a lender.1st) find out what your credit score is. Every citizen is allowed to pull thier credit score once per year for free. (Google free credit score.) The FHA has just raised its acceptance level to I think 640 so if you have less than a 640 score then you may have to look elswhere.2nd) Where you are single and have 4 children with a credit score of less than 640 contact your city or state housing athority they may have a program that you qualify for.3rd) Most programs work with a 28% 34% ratio. That is 28% of your income can be figured as going to your housing. That is principle, interest,taxes and insurance. And a total of 34% can be applied towards all oof your revolving debt ( credit cards , car payments etc.) good luck!
The only loan program that I know of that offers 0 down is the V.A. loan. The closest thing to that is the F.H.A. with 5% down and no points. However some states have loan programs that offer creative financing. I would check with your local lenders. If you want to go conventional you may want to try a credit union in your community. This is a good question and I'm looking forward to seeing other answers.