Answers by Keith Jean Pierre

Purchasing a foreclosure home is much different than purchasing a traditional sale. Are you aware of the challenges? That would be the most important factor. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

You can Google for top rated lenders in your area. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

This is not necessary as it is not an inspection. Just let them do their thing and before you know it, it's over. Appraisals are VERY quick. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Just like a showing, you want the property to be as visually appealing and accessible as possible. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Have you spoken to your lender? Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

This can take place but there are requirements for mortgage disclosures and there might be tax implications. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

You can do this but there are risks as you will not know the full extent of the home until you see yourself. Typically, the clients that we represent doing this allow us to do an extensive video tour with them and hire our inspectors and contractors to do a thorough inspection of the home. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

You would ask your agent to allow termination and if that does not work speak to their broker on next steps. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

A Right of First Refusal is a contractual right granting a specific party the option to purchase a property or asset before the seller can accept offers from third parties. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Typically, any new credit accounts result in a small drop in credit score initially, and then as the account ages, the score improves due to the length of credit history. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Usually 6 months, but keep in mind that constant refinances end up being net negative. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Speak with a local real estate professional and they can give you a much better idea. Best of luck with the sale. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

More information would be required for a proper assessment. You can also call the local tax office for more information. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Homes rarely sell these days for simply a small back taxes balance. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Call the local township tax department, they will easily be able to shed some light on this matter. Best of luck!

More information would be required. You can go to your local township municipal building and find out for sure. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Earnest money gets applied to your "purchase" balance. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Depends on the specific market, but typically buyers are going to want one in the bedroom for proper utilization. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

It depends on your market, but typically yes. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

An additional bedroom, as long as it does not make the function / flow of the home significantly worse tends to enhance value significantly. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

What do the comparables say about the property? If you like the agent but don't like the value, an easy way to solve this would be through an independent appraisal. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

The lowest credit score needed to buy a house is typically 500 for an FHA loan with a 10% down payment. For conventional loans, a minimum of 620 is generally required. While some government-backed loans have very low requirements, most lenders impose their own higher minimums, often requiring at least 580 to 620. Your next step is to speak with a mortgage professional who can give you insight to your particular situation. Best of luck! Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Property taxes would change but whether you can merge is a township question. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Typically, a duplex where you own both is consider a multi-family; at least in our markets. There is usually only one deed. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

You can, but this requires LOTS of proper execution and there are also tax and disclosure liabilities. If you do not have knowledge in the matter, I would highly recommend steering clear as you can open yourself up to lots of liability. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Your restrictions and affordability will be based on your income and credit history for the most part. The best next step would be to speak with a mortgage professional. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Well, the seller still has to agree to the valuation difference so this isn't a 100% slam dunk. V Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Given the fact that it is going to be an eyesore, I would definitely suggest doing so. It should not cost a terrible amount of money to do this. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Why you are selling is between you and whom you choose to share the details with. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

If this proposal goes through this will definitely affect the sale of your property. How significant? Only time will tell but given that the amount is not overly prohibitive, you should be fine. Best of luck! Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Typically, at least in our markets, we have a Sellers Disclosure form that discloses issues just like this. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Yes, this is typically noted on the Sellers Disclosure Form. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Are you the property owner or seller? The keys component threw me off. If you are the seller, the agent can just come and pick up their sign and key box. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

This is solely dependent on your personal and financial situation. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Sounds like a change in representation might be in order. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Financing is ALWAYS available; it's just a matter of the type, how to get it, and how expensive it will be. There are hard money lenders out there that will assist and then put a lien on the house until paid but that will be 2-3x market rate to get done. Have you thought of just selling the home as is? Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Emberhome isn't a home buying company. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Pocket listings typically are not advertised, hence the reason for the name. This is done more so for private higher net worth individuals or people that only want a certain clientele viewing their property. Typically, these properties are on the top end of their market as well. If you are trying to "test" the market, a pocket listing is not the best option for you as a pocket listing is already significantly harder to sell without an unrealistic price attached to it. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

You need to speak with the agent and broker to get a release. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

If an agreement was not signed, typically it cannot be enforced. Now if you signed an agreement with that contract, these you are in murky waters and it can get tricky. Consult an attorney to see your options as none of us in here can give legal advice. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

The foreclosure process is definitely not a fast one and selling is a foreclosure is typically not an option selected for sale. If you are talking about owing more than your house is worth, then the sale avenue would be a short sale and that process can take 3 months to 2 years, depending on the bank. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

I would suggest you speaking with an attorney, they will have all the information for you. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

Speaking with a mortgage professional is your first step here. They will be able to determine what you qualify for and what steps need to be taken before purchase. Best of luck! Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

You can sign a buyers agency agreement that is house specific. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

This is totally dependent on what the township allows. You should speak to your local township department and then can give you a clearer understanding of what is possible. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

The lawsuit changed the full operations of how things are done now. The agreement is to protect all parties. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

The short answer is yes. They are asking this to ensure that they do their due diligence for the lease likely offer to fall through. Given how crazy the market is in many areas, this is no longer uncommon. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

You are not legally required to use an attorney to purchase a home but keep in mind buyer beware. I am more interested in knowing where you found a house for $3,000! Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

They could be investors that are looking to build on the lot that is already subdivided, which makes the process much easier. Additionally, they could be a neighbor that would like the additional space. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA

A buyer's agreement does not mean that you need to list with them first. And second, call the broker of record for the firm and inform them of the situation. Keith Jean-Pierre Managing Principal The Dapper Agents Operations In: NY, NJ, FL & CA