Hello, Spinnato1. I'm going to assume the seller is a for sale by owner. If you are working with a real estate agent my suggestion is to let him/her do the negotiating for you. In my 32 years experience when it is a for sale by owner no one wins. The sellers wants to save the commission as does the buyer. In the end dealing directly the negotiations often fall apart.If you don't already have a full time agent you're dealing with I strongly suggest you find a FULL TIME agent who you "connect" with and go from there. You may want to ask friends or family for some referrals.Good luck to you!It really is "a Good Life!"
You can call me! :)
Hello. 209 Elmore is under contract. They were asking $180,000 when it went under contract. If you would like to see other homes I would welcome the opportunity to work with you.
Your best bet would be to call a Realtor who specializes in your area. If you need a referral please let me know, I know several full time agents in your area. There is usually no cost or obligation for this service.Best of luck!
Hi, Jim. He is not in Ocean County, but he does do the entire state and has 3 admins assigned exclusively to short sale files. He's really good.Bill Sokol18565282012[Content removed by Zillow Moderator. Please see our Good Neighbor Policy]
You should never hire "any" Realtor. Make sure you hire someone who is truly full time in the business and has had experience in short sales and foreclosures. Of course, make sure you hire someone you have confidence in as well.Best of luck!
A high ratio of rentals compared to owner occupied does impact the value. In fact, if the ratio is considered too high by banks they won't offer financing to prospective buyers because they see it as a risk. The banks believe that tenants do not tend to care for the property the way an owner does.
Your first step to have a real estate professional prepare a fair market analysis on the home. Once you know what the value is you will then proceed to a bank or mortgage company that you feel comfortable with. They will probably recommend a "refinancing program" since you are already part owner. Depending on your income and qualifications you can usually refinance for up to 80% of the value of the home.
Hello. In my opinion there is little risk in condo ownership. As far as banks the only time I have experienced a problem is if the particular community is not FHA approved. This usually occurs if the owner occupied to tenant ratio is scewed. I have not experienced the banks requiring a larger down payment for condo purchases. I hope this answered some of your questions.
My suggestion is to call an attorney in the area. They can usually represent you.