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Welcome > Resources > Tips > Buying Land and New Construction > Building Considerations ...

Building Considerations

Are you planning to build your dream home? Once you are pre-approved for a loan and have found a professional real estate agent you trust, you are ready to start looking for the perfect lot.

Compare the qualities of several target neighborhoods by looking at schools, shopping, recreation and zoning. Make sure that the zoning regulations allow you to build the size and height of the home you want. Find out if there are use restrictions that would prevent you from developing your property as you intend. A visit to the local planning department will clarify your options for building.

Consider what type of home would best suit your lifestyle. Create a checklist to itemize the "must-have" interior and exterior features of a house that you feel are absolute requirements. Make notations about yard size, paint, roof and window conditions for the exterior, and floor plan, room quality and condition of the appliances for the interior. Bring your lists to your real estate agent. Together you can look over the currently available properties that correspond to your needs.

Do These Real Estate Tips Really Apply to YOU?

We've learned these tips through years of experience as top real estate agents. But we know that YOUR situation might be different. That's why we're here.

It's our job to personally advise homebuyers and sellers. Ask us if any tip that we've included here really applies to your situation.

Do any of these tips raise questions for you? Didn't find what you're looking for? Let us know! We am happy to answer ANY questions. It's our job! There's no obligation, and we promise to get back to you quickly...

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Real Estate Tips

Short Sales >2. How to Request a Short Sale

If you are facing foreclosure and are considering selling your home as a short sale as an out, get in touch with a trusted real estate professional immediately. They will be able to assist you in the process of requesting to short sell your home.

Your real estate agent will most likely tell you that some banks will not allow a short sale to happen. Contact your lenders loss mitigation department and speak with a supervisor. Explain your financial situation and ask if you qualify to sell your home as a short sale.

Ask the supervisor what documents youll need to proceed and make copies of those. (Depending on the lender this could be anything from bank statements, tax forms, pay stubs, etc.)

Ask your real estate agent to come up with a comparative market analysis report to show your lender how much the home is worth based on home sales in the area.

Write a letter of financial hardship detailing the reasons you are no longer able to make payments on your home.

When youve completed all the aforementioned necessary paperwork, compile it together and mail it to your lenders loss mitigation department.

Pending your short sale application approval, request a deficiency release from the bank. The release absolves you of any obligation to pay the balance on the mortgage. If the bank refuses, continue to press the issue.

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Real Estate Trivia

Q	What three things are necessary in order to purchase a home?
A	Some cash, a dependable income and good credit. If you fall short, don't despair--homeownership may still be possible.
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The Rob Ellerman Team, REALTORŽ, real estate agent and broker for Lee's Summit, Overland Park, Olathe and Kansas City, Missouri home listings, property and land for sale - NUMBER1EXPERT

The Rob Ellerman Team
Reece and Nichols Realtors
1153 Northeast Rice Road
Lees Summit, MO. 64086
Office: 816-251-1435
Fax: 816-524-4665
Email: rob@reeceandnichols.com
Let me give you a brief overview of what I believe makes a great agent. Most agents continue to do things that were being done years ago to sell real estate. If you are looking to buy or sell and you have internet access and would like to use it during your home buying or home selling process, please shoot us an email and lets chat for a few minutes. My goal is not to brag about my status in the company and how much I sell, its to make your next move as fun and painless as possible. Top agent status always seems to follow. I look forward to hearing from you.

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