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Denise Tower's Advice

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  • 127 Contributions
  • 1 Best Answers
  • 16 Helpful

Denise Tower wrote:

Is this home on the market?

Answer
Not currently listed in the MLS.
November 19 2009
(0)

I owe more than its value still make the payments. Anyway to correct the mortgage amount?

Answer
Am I getting this right?  You paid fair market value for your house at the time it was purchased and now that it is worth less you want to owe less?  Do you ask Mastercard or Visa to reduce the amount you owe because some of the items you bought previously are now on sale?If you are experiencing a hardship and having difficulty in making your payment you can try getting a loan modification to reduce payments but you still owe what you borrowed and agreed to pay back when you closed on the house.A house is a place to live that may be an appreciating investment but there are no guarantees.  If you can make the payments, consider yourself in a good place.  You have a home.
November 19 2009
(0)

Can the buyer for a short sale property assist with expediting the process?

Answer
Short sales are a test of patience.  Lenders do their own thing in their own sweet time.  Unfortunately as the buyer you cannot get involved in the process.  From a listing agent's point of view the best way to move things along is to remain in constant contact with the person in charge of the file.  Some lenders are more responsive than others and if the seller had more than one mortgage the process will take longer since there are two lending institutions to deal with.  You can contact your representatives about the process but until the lenders get a plan that makes business sense and a short sale actually personally effects a representative I don't see much hope in that approach.Banks are still financed by investors and run by individual boards of directors so every one has its own procedure for processing short sales.  Hang in there, we really don't need any more legislation about how to run businesses by people who don't know anything about business.
November 19 2009
(0)

Zillow estimate

Answer
Zillow estimates are just that, ESTIMATES.  There is no way they can  accurately reflect market value for every home in every neighborhood.  Contact a  Realtor who is familiar with your area and request a CMA for your property or invest a few hundred dollars in an appraisal that you can show prospective buyers. 
November 19 2009
(1)

You guys are crazy!!! My house is worth more than #179,000.00 Why are the houses on estimed the sam

Answer
A zestimate is an ESTIMATE of the value of your home. All values are calculated based on recent DATA, not a visual inspection of each property.  Check tomorrow, your price may be different or your neighbors price may be different.  If you want to get an idea of the market value of your home you should contact a local Realtor who is familiar with your neighborhood and request a CMA. Denise
November 19 2009
(1)

What style is the home @ 6000 Carlsbad Ave.

Answer
That property is a two family building.  If you would like more information I would be happy to assist you.
September 29 2009
(0)

What rooms do you count for the number of rooms detail?

Answer
Number of rooms refers to "living space".  Bedrooms, living room. family room, kitchen, office area.  Only rooms on the main living areas can be counted unless the house is a split level.  A 3 bedroom home with kitchen, dining room and living area would be 6 rooms even if the basement was a walk out with more living space.  You can mention it in the description but not count the rooms in the MLS.Hope this helps you out.
September 29 2009
(0)

Shall I bid on a house with exterior wall of Asbestos? Can i resell it as well as other house?

Answer
There are thousands of homes in St. Louis with asbestos shingle siding - it was what they used in the 50's and 60's.  There isn't usually an issue with it UNLESS you start cutting into it for construction purposes.  It is very easy to put vinyl siding over if you get tired of painting it over the years.
September 13 2009
(0)

What specs does a basement bedroom have to meet for you to be able to list it as a bedroom?

Answer
Basement bedrooms must have direct egress - either by door or window large enough for a firefighter w/ gear to fit through.  Different areas have different size requirements for the windows but you must be able to easily fit an adult through the window area.  If you have to think about what size adult then your window is too small to count as an egress.  You cannot count any below grade space in the square footage of the home even if you can count it as a bedroom.  The bedroom can count as another room but not be added to the size of the house.
August 24 2009
(0)