Profile picture for Taya Abbott

Taya Abbott

Zillow Local Expert in:

  • 47012

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Agent

Sales Associate, Ohio Real Estate License, Indiana Real Estate License (30 years experience)

Specialties:
Buyer's Agent,
Listing Agent,
Relocation

Advice

  • (5 Contributions,
  • 0 Best Answers,
  • 1 Helpful)

Contributions are sorted newest to oldest.

I want to buy a home now but I need to sell my house first.

Answer

If you don't want to rent your home, and must sell, then you have limited options.  Be realistic about the market value of your home before you consider about selling or about buying a new home.  If you have enough money to pay off your your mortgage, then go for it.  If you try for a short sale you will not be able to get a new loan to buy another house. The interest rates are as low as they are going to be for a long time, and if you are buying a more expensive home, you will make out on that end.  If you are buying a less expensive home, then the market is not working for you.  Stay where you are and keep paying down your mortgage.If you try for a short sale you will n

  (0)
Seller brings money to close; not a short sale or HAFA

Answer

I had a seller who brought $45,000 to the table to close his house.  He had the financial ability to do so and his job required him to keep his credit intact.  If you are able to get the funds necessary to close without a short sale, it would be beneficial to your credit history.  However, I agree with one of the previous agents that you need to decide how much it is worth to you to keep your credit intact.  Short sales can be an excellent way to proceed if done properly.

  (0)
When should I talk to my credit union about an FHA mortgage?

Answer

I would contact your credit union as soon as possible and get their advice.  With interest rates so low, you would be well served to move as quickly as possible.  They don't have to run a credit report to give you some good advice. 

  (0)
Two Agents? proper protocol?

Response

It is commendable that you at least feel like maybe you should use the first agent in buying the house.  Just because you called the listing agent does not mean the listing agent has to show you the property.  Just let the first agent know you want to see it.  Also, it is often advisable to have your own agent when looking at properties.  They will look out for your best interest and not that of the seller.  It's a nice balance with a big investment.

  (1)