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Edmund Choi's Advice

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  • 10 Contributions
  • 0 Best Answers
  • 0 Helpful

Edmund Choi wrote:

We need a foreclosure specialist for zip code 19460... how would we best go about finding one?

Answer
Hi Dan,I can be of assistance. However, if the property is listed as a pre-foreclosure and is not on the market as a short sale, I cannot be of assistance. Please direct message me by clicking through to my profile page. Looking forward to hearing from you soon.Edmund Choi | RE/MAX ADVISORS
November 01 2013
(0)

Is it possible to get a loan with minimum money down?

Answer
As previous posts have mentioned, USDA (restrictions apply) and VA (military service) offer 0% down options. FHA requires minimum 3.5%. Homepath can be had with as little as 3% down, but is only available for Fannie Mae foreclosures. Good Hunting!
August 03 2010
(0)

Remodeling my kitchen - granite or quartz countertops?

Answer
Depending on your property's price point, I'd recommend the following:- entry level: solid surface/Corian- mid-market: Corian/granite- luxury: granite/quartz/silestone
March 22 2010
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How long it takes to buy a REO property from Offer to move in ?

Answer
Between short sale and REO, I'd bet on the REO to close faster.As for REO's, if you are the winning bid, typical closing is 30 days for cash and 45 days for financed transactions.As for short sales, it depends on the status of the seller's package and lender procedures. Although you may have a contract with the Seller, you still the lender's approval.Good Hunting!
March 22 2010
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Can a buyer's agent show any MLS listing, or only those assigned to them? Thanks.

Answer
A buyer's agent can show you any property. Compensation, on the other hand, is a matter between you and your agent on those not listed in the MLS.
March 22 2010
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Is it okay to qualify for a first time mortgage with more than one bank/credit union?

Answer
Absolutely. Comparative shopping will yield the best terms. Be certain that your multiple inquiries occur in a limited period of time for credit scoring purposes. It should be treated as one hard pull as opposed to several.
February 17 2010
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I purchased a townhouse in 2007 for $258K. I am renting - not making what I owe cuz got married. ?

Answer
You are not alone. First, I'd consult with a mortgage lender to determine your purchase options, i.e. pre-approval. Then, I'd consult an accountant to determine tax benefits/disadvantages regarding 1) the sale of the townhouse you're currently occupying and 2) the continued investment and/or sale of the rental townhouse. The tax ramifications may influence your decision-making process. Finally, you'll need to determine if your cash flow (income from all sources minus debts) can sustain this current arrangement without terribly infringing on other goals that you may have, i.e. starting a business, starting a family, etc.
February 05 2010
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This is the most inaccurate site I ever seen for for home value estimates.

Answer
The algorithms establishing your Zestimate are, more often than not, far from accurate. In this, I am in agreement with you. If you are interested in reviewing a more accurate and localized market report, please click here to sign up my Levittown Market Snapshot to obtain a better idea of your home's property value.
February 03 2010
(0)

how do I find out what a home is worth

Answer
Patti,Please click here to get a detailed report on your home's estimated value emailed to you. I'm a Main Line Realtor based in Devon and if you would prefer a more customized report, please do not hesitate in contacting me.Edmund ChoiJohn Matthew GMAC Real Estate410 Lancaster Avenue  Devon, PA 19333484.324.4731 Direct
May 14 2009
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Can I refi w/cash out to pay down principal on a vacation home?

Answer
Provided that your credit score and documentation are optimal, this scenario should not be a problem.
May 06 2009
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