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Will Wilcox's Advice

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  • 11 Contributions
  • 1 Best Answers
  • 1 Helpful

Will Wilcox wrote:

How can we find out who is the owner of the house next door?

Answer
Ownership records can be found through your country tax assessor online.  If you have difficulty finding this information on your own, and you have a real estate broker, they should be able to access these records for you.  Good luck on the fence!
September 29 2012
(0)

I would like to purchase my first home in three years what can I do now that would make a big differ

Answer
If you don't currently have credit and your home purchase is three years away, it would be useful for you to establish credit so potential lenders have a sense for your ability to use and payoff debt.  If you already have a well established credit history, I would check your credit across all 3 credit reporting agencies and spend some time clearing up any blemishes that might exist.  Often these will vary from service to service, and since lenders take all 3 scores into account when approving you for a loan, it is very important to look at all of them.  
September 29 2012
(0)

Is it necessary to have a realtor representing you in a sale purchase?

Answer
In my opinion it always best to have in independent advocate working on your behalf in a purchase transaction.  Aside from being skilled in real estate negotiations, a real estate broker will ensure all of the necessary disclosures, paperwork, and due diligence on the property are completed to help mitigate any risks you might need to consider.  
September 29 2012
(0)

How to go about getting qualified for a new loan to buy better home before I sell my current home?

Best Answer
If you had a good experience with your prior lender, reaching out to them is a great first step.  Alternatively, get a lender recommendation from a trusted friend or your real estate broker.  Loan programs run a full spectrum, but you will qualify for the best rate if you can demonstrate your ability to make sizable down payment (20% is ideal as it allows you to avoid paying private mortgage insurance or PMI), and to have enough reserves in savings to cover mortgage payments for 2 or more months.  That said, there are numerous programs available to buyers with less money to put down that are still have competitive rates.  When you find a lender you want to work with - a 15 minute conversation and completion of an online (or paper form) application is all you need to get started.  Good luck!
September 29 2012
(0)

I am a willing buyer and have a willing seller.... we are just clueless on paperwork.

Answer
If neither of you is working with a real estate broker on this transaction, your next best option would be to seek the assistance of a skilled real estate attorney.  They can facilitate all the necessary paperwork and advise you on matter to mitigate and risks you need to be thinking about from a legal perspective.  Good luck with your transaction!
September 29 2012
(0)

How can I get comparable sales listings

Answer
A local realtor will be your best resource for  comparable sales and can help you determine the value of your own home, or validate the offer price for a home you are considering purchasing.  If you don't currently have a realtor, ask a trusted friend for a recommendation, or review ratings and reviews right here!  
August 30 2012
(0)

Bathroom remodel. Single or double sink?

Answer
A double sink will definitely be more appealing to potential buyers.  Good luck with your sale!
August 30 2012
(0)

Can I have real estate tax re-evaluated?

Answer
While I imagine this may vary state by state, in Washington state, homeowners have the abililty to challenge the tax assessed value of their properties annually.  Our tax authority issues an official property value notice by mail with instructions and key dates/timelines for appealing valuations.  I personally have challenged my own tax assessed value and have successfully decreased it.  
August 28 2012
(1)

Has the market started climbing again?

Response
All signs currently point to a housing market recovery, FINALLY!  I know in my own market (Seattle, WA), lack of inventory has had a marked impact on sale price.  Homes in hot neighborhoods are frequently receiving multiple offers which is often driving sale price above list price for the first time in a long time. While the degree of recovery is clearly very locally influenced, in general, major metropolitan areas and surrounding suburbs are shifting back into the black little by little.
August 26 2012
(0)

Can I get price reduction if I pay cash for a home ? What amount (%) ?

Answer
An all cash offer is certainly more competitive to a seller than one which requires financing, as it eliminates the possibility that a deal will fall through if a loan is not approved.  Depending on what is motivating a seller to list their home, an all cash offer may also help with negotiating price (i.e., if the seller's primary goal is a quick sale).  That said, there are no guarantees - but I would incorporate it into your offer strategy if you know you are the sole offer on a property.  In multiple offer situations there are a whole host of other factors to consider.  Good luck!
August 25 2012
(0)