Imagine owning a home with 4/2 beds and bathrooms. Many of the people in the world find it difficult to pay for a one bedroom home let alone a 4-bedroom home with two baths. The fact is since the economy has hit rock bottom many people now can own this kind of home and all they have to do is to look in the Mobile foreclosures listings. Right now, you can buy a four bedroom home with two baths for as little as $50,900.00, and pay as little as 4.61 percent interest rates on that loan.
Flipping homes may have been easy before. Back then, the housing market was hot and homes were selling like hot pancakes. But at this time, selling homes has been a challenge. Whether it is a resale property or flipped homes, the difficulty will still be there.
At this point you will need to call each of the South Bend real estate agents you shortlisted, talk with them and meet up with the last few on your list that you have not disqualified out. See how they talk to you, if you feel comfortable with them and if they are really interested in getting you the best price and working for you. Everyone says they will. See which one you actually believe will do a great job for you. You want the agent who is working for you to be just as serious as you are about finding your next home in Indiana.
If you’re handy with your hands or know someone who is, it may be to your advantage to concentrate on buying homes sold “As Is.” You can expect to get deep discounts when buying a home sold with an “As Is” clause attached.
Make sure you are ok with the location. Recently I had a renter come back to me after having moved away for four months. Soon after she moved from my place she moved into a neighborhood in which she was mugged. This lady is in a wheelchair and is paralyzed yet the robbers didn’t care. If she had done a little research on the area first she would have known it was a bad place. It would be foolish to only ask the potential landlord, go and speak to the neighbors there is nothing wrong with that if you do it in a friendly way.
Those who do not use a real estate agent usually have their homes on the market for much longer than those who do use a real estate agent. In fact, more time than not, those that try to sell their house themselves break down and get a real estate agent. Yes, you may have to pay commission to the real estate agent, but being able to sell your house months sooner is by far worth the price.
The Tax credit is calculated as 10% from 80,000$ home buying price, by that reaching the 8,000$. So no matter how much you have spent on buying your new house the tax credit will never exceed the 8,000$.
There is a big difference between value and price when it comes to real estate. This is very similar to the antiques market. Take for example an antique table, over two hundred years old. Now then, there may be only two of these tables known to exist and an appraisal puts the value of the table at one hundred thousand dollars. But when you go to sell it you can see that it sells for only seventy-five thousand. This is because there is a difference between the value and what a person is willing to pay. The same is true for real estate.
Before you begin house hunting, you should get yourself pre-approved for the loan. Your Realtor is able to assist you with lending matters via a referral that they trust, one who will get the job done quickly and efficiently. If you elect to find your own lender, ask for a pre-qualification letter to assert to your agent that the funds are in place and to help him or her locate a home in your target budget range.