Answers by Keith Jean Pierre

Sierra, I would suggest speaking with an attorney as there are many precautions that should take place prior to transferring into your name to ensure there aren't repercussions in the future. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Tobias, just because you owe more than your home is worth does not mean that you can remove the responsibility for the default balance, especially given you are currently employed. Your most appropriate option is to probably rent out the property. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Speaking to your local township permit board is your best course of action in this situation. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Welcome to false advertising. As they say, always trust but verify Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

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Michael has the right information here. Good luck! Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Graham, you are treading in dangerous waters, I would advise against this. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Kasen, there are way too many external factors here at play that we do not know about to give you an accurate assessment. More information; like address, would be required to determine. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Chrrie, key details are missing here so we cannot give you a proper assessment. I would suggest speaking with a real estate attorney will give you an idea of what your options are as recourse after sale is typically rather difficult and often required a burden of proof to be established. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Shaun, you would most likely be required to pay off the balance. You should be able to get a home equity loan if you do not have the funds, are currently employed and own the home outright. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Shaun, you would most likely be required to pay off the balance. You should be able to get a home equity loan if you do not have the funds, are currently employed and own the home outright. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Barbara, at face value with only he details provided, this does not seem like a breach. You can speak to a real estate attorney to determine in greater detail. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Prudence, there is no formula for this as real estate markets are not guaranteed to increase or decrease by a specific amount every year. You can have a 2021 all over again or you can have a 2008. The only almost certainty is that long term it tends to be a benefit. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Lennox, this all depends on your market characteristics which would include income demographics, average real estate price points, and current inventory; among many other things. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Beckett, if you were at $785K and went to $812K the difference is not significant. There is also no guarantee that you will get a ~ $705K assessment, even if you appeal/challenge it. Additionally, if you do, I cannot imagine the reduction is going to be majorly significant, especially when factoring in possible attorney's fees or the opportunity costs of you doing yourself. Not to mention it will change each year. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

James, getting your debt in order should be the first plan of action and you will have a better qualification for a home loan. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

A title company can provide you a good estimate based on your sales price. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Rachelle, the realtor fees are the commissions you negotiated. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Soraya, while there is no universal standard when it comes to commission structures, in my experience, when an agent represents both parties, they typically earn commission from both sides. There may be some flexibility or a reduction in the commission on one side, but handling the additional workload of representing both parties while receiving compensation from only one is quite uncommon across all the markets we operate in. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Marcellus, that is not necessarily a bad thing. However, I would encourage you to do your due diligence and thoroughly research the property so you have a clear understanding and don't overlook any potential drawbacks or risks. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

You need to speak with your agent as we do not have the full overview of the situation. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Rayne, if there is a lien it would need to be resolved prior to your purchase. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

When you purchase a property, your title company runs a title search, which should alleviate your concerns. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Wallace, a good real estate attorney can draft an agreement that will protect both parties equally. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Corina, a violation of HOA bylaws, can result in fine, liens, legal action, and even possible foreclosure in extreme instances. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Ruthie, you can sell as is, but you will most likely result in a sales price under market value. No one wants to inherit your problems AND pay full price. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Darius, you would not "need" to reduce your price but if there is a valuation difference, you and the buyer would have to come to terms, which often results in a least a partial price reduction on the seller's side. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

You can take a HELOC but doing a home equity loan for that little of an amount is not something I would advise. Apply the monthly payment overages you receive toward the debt and pay it down that way. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Arturo, it would depend on how you list the property for sale. In most instances, you should be able to list as an exclusion if you so please. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Tony, if you place items on property you do not own, you would have to remove them. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Greg, the buyer can require permits before closing. I would suggest you get ahead of the situation and obtain the proper permits before the sale of your property. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

There is no address provided nor contact information, let alone photos or condition details. You will need to speak with someone in depth to get a clearer picture of value. Feel free to reach out if you need any further details. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Andrea, buy out or sell the home all together and split the proceeds are the only two logical plays. Selling to a completely different individual adds further complications that I have a feeling neither of you would want and will be highly impossible. If you can't agree, court order may be required to force the sale. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Speak with a real estate attorney regarding the situation as this is state dependent. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

This is typically done through title search with a title company. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Do you want to sell the property or roll the dice? Bird in the hand.... Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

You will need to inform the mortgage company otherwise this is mortgage fraud. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

I am not sure what the question is here.

Emilia, in most states an as-is sale is more so a "suggestion" as most properties are sold with contingencies in place, specifically a home inspection contingency in your case. With this in play, you would not be bound to repairs, but the buyer would be able to terminate if they deem the inspection is not satisfactory or is over the amount threshold agreed upon between both parties. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Depends on your state. I would suggest you speak with a real estate attorney to determine your options. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Age is not a factor, income and credit are. I would speak with a mortgage lender to discover what options are available to you. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Depends on what your HOA Bylaws state, but most likely yes. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Marie, we will need more information to determine this as zoning, land use, current condition, current hookups/availability of hookups are all going to play a significant role in valuation. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Speak with a real estate attorney. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Speak with a real estate attorney. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

I am assuming you are referring to how you determine closing costs? There are calculators online and this is formally supplied on a HUD statement prior to closing. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Shane, this is HEAVILY market dependent, but yes main road location usually trades less than private or secluded roads. Is your market red-hot like a NYC/LA or is it more of a Topeka Kansas? Additionally, this is no "traditional" formula for a main road location. It is going to depend on the comps and the severity of the situation. Have you spoken with a local real estate professional who can advise further on your specific market? Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

You are not going to get a 5-bedroom house on $1,000/month income anywhere in the US, let alone Brooklyn. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

If you are referring to the final walkthrough prior to closing you would most likely be responsible to remediate before closing. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

As an investor, looking at a condo is almost always a bad idea. HOAs eat directly into your profits and condo regulations/bylaws, can immediately put you out of business. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Sounds like a conversation to have with your HOA and if they are not helping, speaking with a real estate attorney to have them reach out on your behalf. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States