Real Estate » condos for sale

What does potential short sale mean?

admin — Tue, 13 Sep 2011 13:53:49 +0000

I’m looking at a $39,000 condo for sale and it says potential short sale. Can anyone tell me what does this mean? Thanks.

It means that the asking price is $39,000 and implies that anything less than that would be a short sale, so it would mean lender approval.

Short sale means a house is selling for less than the outstanding balance with the mortgages. The lender would have to approve the sale price because they would be taking a loss. Hypothetically, if you love the place, offering *more* than the short sale price means there would not be lender approval, and it would go smoother. Of course, your (future) home would have to appraise enough for the loan.

Good luck!

Condos for sale in new Baltimore?

admin — Fri, 12 Aug 2011 08:37:51 +0000

I’m looking for condos in or near the new Baltimore area for sale by owner

For Sale By Owner Properties are overpriced in most cases.

I recommend that you look for properties that are priced at Fair Market Value or less.

I recommend that you avoid the overpriced properties.

Is there a website where i can find if a specific building has condos for sale?

admin — Mon, 08 Aug 2011 12:22:54 +0000

MLS.com has all properties for sale in the US which has an MLS number (which is every home and condo being sold by a Realtor). It plots them all on a map so you can easily narrow down by geographical area – and see all those listed in a single building.

townhouses and condos for sale?

admin — Mon, 09 May 2011 16:24:48 +0000

What is a good website or resource to find townhouses and condos for sale. We really like the social community and low maintenance of townhomes/condos. (not highrises)

You need to contact townhomecondoliving@yahoo.com they helped us find our townhome. The team has extensive listing updated daily

short sale condo processing after bank counter back the offer?

admin — Fri, 15 Apr 2011 09:26:23 +0000

I have been put the offer in the short sale condo since February and got the counter offer back from the bank in 1 week. So, I put the counter offer back to the back the amount that they asked for.
I have been waiting for 3 weeks now and just curious that how long the processing will be and how long for bank to make a decision.

Thanks

It depends on many different factors such as who the lender is, the investor, cooperation from the seller, pmi, etc…

It can easily be a couple of weeks to several more weeks, if not a couple of months. The only one that would have the best idea is the person who is processing the short sale on behalf of the seller.

Good Luck!

Condos for sale listed at $20,000?

admin — Wed, 13 Apr 2011 08:08:31 +0000

I noticed on craigslist.com there are numerous cities across America with listings for condos around $20,000-$30,000. Im interested in moving to Phoenix and would love to own a condo for $20,0000. Are these listings scams or is it really possible to get a condo that cheap?

Yes, in some places in the US you can buy a house or condo that cheap (and even less that $20,000, actually)

You do have to take into consideration the location of such a dwelling. The condo could be in a out-of-the-way location, be above a nightclub, be downwind of a slaughter house or be in a less-than-desirable neighborhood.

You also have to careful of scammers attempting to steal your money by offering cheap housing. Scammers will send stolen pictures of someone else’s condo and demand you pay in cash via Western Union or moneygram.

Do you know how to check the header of a received email? If not, you could google for information. Being able to read the header to determine the geographic location an email originated from will help you weed out the most obvious scams and scammers. Then delete and block that scammer. Don’t bother to tell him that you know he is a scammer, it isn’t worth your effort. He has one job in life, convincing victims to send him their hard-earned cash.

Whenever suspicious or just plain curious, google everything, website addresses, names used, companies mentioned, phone numbers given, all email addresses, even sentences from the emails as you might be unpleasantly surprised at what you find already posted online. You can also post/ask here and every scam-warner-anti-fraud-busting site you can find before taking a chance and losing money to a scammer.

What are the average closing costs for a real estate property in MA?

admin — Fri, 14 Jan 2011 23:00:29 +0000

Details:

Condo
Sale price in the mid 600’s
Brookline, MA – Norfolk county

Thank you.
It’s definitely not 6% of the mortgage. You are thinking of the realtor commissions.

It depends on the interest rate you lock into. I would go to zillow.com and submit a loan inquiry. The quotes you receive will give you lender fees for each rate provided…don’t worry, it’s totally anonymous and lenders won’t be calling you. Then you can check out closing.com to get an idea of title fees. Government recording fees are questionable, but you can check the county website and see if they have that listed.

music video of a guy with a condos for sale sign spinning it ?

admin — Sun, 19 Dec 2010 22:27:38 +0000

I think that might be ‘One Day Like This’ by the awesome band ‘Elbow’

All their albums are great, a band well worth listening to.
Hope this is what you were looking for!

Are there any condos for sale in St.louis. Mo?

admin — Fri, 19 Nov 2010 10:08:29 +0000

Of course there are. Call a Realtor, ReMax, Caldwell Banker, and Keyes, are usually good companies, with good agents.

property removal from short sale property?

admin — Sat, 13 Nov 2010 20:40:43 +0000

i am in the process of buying a short sale condo and upon entering it yesterday to get the power turned on, i noticed that they had switched out the stove! I have pictures that i took that show a different stove, and now there is a different one. Is that legal for them to do that?

It depends. If it was built in, no they can’t. If it was free standing, they only can if it was not listed in the sale.