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Marjie Van Der Laan, Broker's Advice

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  • 108 Contributions
  • 2 Best Answers
  • 9 Helpful

Marjie Van Der Laan, Broker wrote:

How much can be expected to pay monthly for costs

Answer
Contact the utility companies and ask them what the bill would be for a home of that size.  Not all homes have natural gas, so you would need to keep that in mind.
April 07
(0)

What is the average property tax on a 200,000 home in Portland, OR?

Answer
Is it worth $200,000 (current market value) or is that the tax assessor's value?  If it is the tax assessor's value, then it depends on what the local millage rate is.
February 07
(0)

Why is this home not showing for sale if it has been listed with the MLS?

Answer
Hi Chris, unless your broker has a feed onto Zillow, you have to post it for sale there yourself, with pictures, description, etc.  Go for it!
January 29
(0)

need specific current housing market data

Answer
Zillow has some reports available for large metropolitan areas.  As an agent, you should be able to pull some statistics from your local MLS or do a map search to pull things for specific neighborhoods.  Recommend you contact your local association of Realtors and your local MLS for help with this one.
January 24
(0)

I want to Open House on Zillow and I don't see anywhere to do it...

Answer
It sounds like you need to claim your home now that you have a profile.  Then you should be able to edit it and add open houses to the listing. 
January 24
(0)

Why does Zillow dramatically DECREASE their listed value if a home is taken off the market?

Answer
To quote Zillow, they call them Zestimates, not Zappraisals.If you want to know your home's value, you can always hire an appraiser for $600 for an accurate look at its value or ask a real estate broker to run the comps.  I too have been frustrated from time to time with the value attached to my home, but it usually gets adjusted.  Have a great day!
January 24
(0)

620 credit score trying to get an FHA loan

Answer
Some lenders will go as low as a 620 mid-credit score, but your mid score is 618.  You are very close.  I would recommend talking with a lender about paying a few things off or seeing what it is that is pulling your credit down.  Some lenders are willing to help with advice and doing a rapid re-score of your and your wife's credit, sometimes pulling up the rate 40 points in a month.  Don't despair, it may just be right around the corner for you.  As for your work history, that is good.  Having continuous employment in the same industry for 2 years minimum, should certainly help in the whole scheme of things.
January 12
(0)

assessing value

Answer
Zillow uses complicated algorithms factoring in many things.  Without knowing all of the facts about your home and the home next door to yours, trying to determine why is only a best guess.  Depending on your area, the lot size may not add to the value as much as you would like.  Typically what I tell my clients is that the real value falls somewhere in the range of the range of values for your home - not the exact zestimate amount.  A zestimate is just one way of looking what the value is - look at it as one opinion, not the actual real value. 
January 08
(0)

Short sale purchase using FHA "Back to Work"

Answer
You may be able to find a short sale that will allow it, but I have not seen one yet where they will allow a closing longer than 45 days.Is there a reason you want to buy a short sale?  Did you find a specific home that's a short sale that you have to have?  Or have your friends told you that buying a short sale is a better deal?  The reason I ask this is that short sales are not always better deals - if the financing is the best deal for you, it is probably best to get a home that meets your needs and is in the right price range, regardless of if it is a short sale or not.  Our experience with short sales is that they are usually "average deals" with no repairs paid for by the seller/bank, so you get to buy a home for an average price with no negotiating for repairs.  This is OK if the home is relatively new and was maintained by the owners, but not good if the home is more than 5 years old and was not maintained by the current owners or previous owners.The only thing I would warn you about with the FHA loan is that now they have forever mortgage insurance, which does not go away anymore after you get to a 22% equity position in the home - so you would pay 1.35% mortgage insurance on the loan amount for the life of the loan - for a $200,000 loan, that is an extra $2,700 per year ($225 per month) on top of the principal payment, interest charges, monthly taxes and monthly hazard insurance).  $225 per month seems OK at first, but then it gets old - like a car payment.I would recommend rather you check into getting a low-down conventional loan (programs available with 3% and 5% down) and hybrid mortgage insurance that drops off after you get to a 22% equity position, after a certain number of years.  The last time I checked, this hybrid mortgage insurance was 0.65% - less than half of what it is for FHA loans, so the monthly payment is only increased slightly and for a shorter time.  Sorry for the long answer.  Best of luck with your search - as much money as you try to save on a home, please do the same shopping for a home loan - getting the home $15,000 cheaper will not save you as much money in the long run as a lower interest rate on the loan and lower loan-related fees.
December 19 2013
(0)

I need to move in January for Job relocation but still have a house to sell which is underwater?!?!

Answer
Perhaps you should look into renting out your WI home or doing a lease with the option to buy on it, loosening up your monthly overhead, allowing you some money to spend on a place to rent when you move to Dallas.For our clients who couldn't sell, that is what they did - they call it being the reluctant landlord - not exactly what you wanted/planned to do, but basically your renter can help you make the mortgage payments (and hopefully cover them for you).I recommend reaching out to an experienced property manager to help you rent your home - they will do a criminal screening and background/credit check on the possible tenants to make sure you get the right person - also they likely will get a person/family in there with a 1 year+ lease, so you don't have to worry about it for a while.Good luck!  (It will work out.)
December 19 2013
(0)