All Forum Posts by: Alex G.

You could try buying the neighbor out or buying the lot and quit claiming it to the neighbor in exchange for a beneficial interest in his property.

interest in property

Consider selling your SFR and using the proceeds to buy an MF.

Housing costs can only be reduced by relaxing zoning, building, population density et.al. standards.  Would you vote for that?  

Owning an MH on rented land is a bad idea. 

Neither.  Note that #1, listed for $549,000, was sold for $307,000 on 8/9.  I would look for a comparable property and have it updated with the idea of capturing the spread.

Sounds too good to be true.  How did you determine the market value?

Congrats! Come next summer, we will be looking for a lakefront property up North that we can both enjoy and STR out.

In Maine, a mechanic's lien can be filed after closing.  Moreover,  most Maine contractors do not have to be professionally licensed which makes contracting a choice destination for ex-cons and drug addicts.  With Seller's tacit approval, an unscrupulous contractor can file a phony lien against a property that becomes Buyer's responsibility.

Check your applicable state laws and regulations.  For instance, in Maine, a mechanic's lien can be filed 90 days after the labor or materials were last provided.  A lien like that would not be uncovered by a title search and would be "inherited" by a buyer.

1. Find out how much house you can afford by getting pre-approved for a mortgage. 

2. Using sites like redfin.com and realtor.com, locate MLS-listed REO properties (typically sold "as-is") that you may want to buy and save them.

3. Sit and wait:) until you receive an email indicating that a saved property's status has changed to "pending".

4. Have your buyer's agent submit a home purchase offer.  Chances are, this will trigger a "multiple offers" situation giving you an opportunity to submit your "highest and best".  

Happy Thanksgiving, y'all!