PENDING IN 6 DAYS – 2610 Harris Pike Independence KY
October 12th, 2011 § Leave a Comment
Hardwoods floors, 1.25 acres
This 1 story offers a lot of house for the $183,900 price. It has 4 bedrooms, none of which could be considered small plus the master suite is tucked away in the rear corner with plenty of natural sunlight entering from 2 sides. At 10 x 12 and 10 x 11, even the bathrooms offer all the space you need. The 18 x 12 dining room is more than enough room you need for all your guest to eat at the same table. The sunken living room has a walk out to a covered patio and a wood burning fireplace with insert. The family room is strategically positioned just off the kitchen with the laundry room entrance to the garage, the front entry half bath, walk out to the side yard and entrance to the basement. All of this situated on 1.25 acres that’s partially fenced for Rover to romp casually. Compare the size and price with others available in the market and you quickly see the value.
Doug Garner, Principle Broker, Auctioneer
CENTURY 21 Garner Properties
5285 Madison Pike Independence, KY 41051
859-363-9900
Absolute Real Estate Auction Oct 29,2011
October 5th, 2011 § Leave a Comment
This slideshow requires JavaScript.
To settle the Estate of Willie Blanton, we have been authorized sell his residence of 60 years to the highest bidder regardless of price , located at:
1719 Walton Nicholson Rd Walton (Kenton Co.) Ky 41094, on site, (please park on Gene St , side street)
on October 29, 2011 at Noon (personal property sells at 10:00 A.M.)
3 bdrm, 1 bath. Approx 1920 Sq Ft per PVA. Partial basement. 2 Car detached garage plus yard barn. Living Room with WBFP, 1st floor Family room. SOLD “AS IS.” Interested parties may call 859-363-9900 for a private showing or view during
Open Houses on Oct 19 6:00PM—8:00Pm or Oct 23 2:00PM-5PM,
Real Estate Terms: 10% down day of sale, balance with deed on or before November 01, 2011. Property sold “AS IS.” It is the interested parties sole responsibility to inspect the property and be satisfied as to its condition prior to auction, including Wood Destroying Insects and Lead Based Paint Inspections. A 10% Buyer’s Premium will be added to the final bid to determine the actual contract sale price.
Additional photos and real estate information can be found at http://bit.ly/WaltonNicholson
Bidders packet will be posted on Auctiozip.com
Douglas A Garner, Principle Broker, Auctioneer
KENTURY 21 Garner Properties
5285 Madison Pike Independence, Ky 41051
859-363-9900
Checklist For The Most Common FHA Work Orders
August 3rd, 2011 § Leave a Comment
Will this go FHA?
The most common way of financing real estate in 2010-11 is FHA. It’s important to undertand that if your home can not be financed by FHA you will be missing out on 80% In my experience these are the most common work orders required to be completed before FHA will loan money on the property. This is not an all inclusive list. Many items are left to the discretion of the individual appraiser.
Paint. If the home was built before 1978 your homes paint may contain lead based paint. Chipping, peeling paint must be scrapped and painted. No rotted wood. This includes interior, exterior, garages, fences etc.
Roof. There should be 2-3 years of useful life remaining and no more than two layers of shingles.
Floor coverings. All interior living space floors must be covered or finished and have a useful life remaining.
Broken Windows. All windows and doors must be operable and broken or cracked glass must be replaced.
Wet Basements. The cause of wet basements must be cured (ie improve drainage away from the house, install gutters, install sump pumps and/or basement water proofing, etc.)
Electric. Service must be 60 AMP or greater. Electric certification may be required if 60 amp appears to be overloaded. Homes larger than 1000 square feet will need at least 100 amp service.
Cisterns. Cisterns can not be under interior living space. Abandon wells must be professionally sealed.
Septic Systems. Septic systems must be inspected and approved by the health department or by a qualified plumber. If municipal sewers exist the home must be connected.
Handrails. Safety handrails should be installed in open stairwells of three or more stairs, both inside and outside.
Termites. Infestation of any kind are required to be exterminated (termites, mice, bats etc)
Heating and plumbing. Systems must be fully operable and are inspected by the appraiser. (water, gas, etc must be turned on)
Structural. Structural or foundation problems must be repaired
Crawl Space. All crawl spaces must be accessible and have room to crawl around.
Attic . Attic spaces must be accessible.
This checklist is available in print form on my Google Docs
Up To $5,000 in Grant Money for Military First-Time Home Buyers
July 27th, 2011 § Leave a Comment
Since banks and lending institutions have tightened their belts to the point of cutting off circulation, other institutions are stepping up and offer assistance to designated groups of home buyers or, in specific areas of Northern Kentucky.
Active duty personnel, veterans, retired members of the military, and employees of the U.S. Department of Defense and the Department of Homeland Security may be eligible for a grant up to $5,000 to use on down payments and closing costs when buying their first home. The grants can be applied to a mortgage from any financial institution.
To view eligibility requirements, visit www.pentagonfoundation.org/dreammakers.
Source: “Veterans and Active Duty Can Get Financial Help When Buying Their First Home,” Pentagon Federal Credit Union Foundation (July 25, 2011)
Up to $22,500 in free money, Or even HALF PRICE on a fully rehabbed house. City of Covington, Ky
July 22nd, 2011 § 1 Comment
The City of Covington Community Development Department has issued new home buyer assistance program guidelines for the period of July 2001 – June 2012.
118 E 15th St Covington, Ky
Buyer’s who are borrowing money in the designated areas in Latonia can receive up to $12,500 to be used to cover the lender required downpayment and closing cost or ossible principle reduction if needed to help the borrower qualify for the loan. Borrowers must not earn more than $39,450 (single person) or $56,300 (4 person household), must have a credit score of 620 or higher and must attend HUD approved home buyer classes.
Maximum of $5000 for the designated areas in Latonia
Maximun of $10,000 for the designated areas in Covington
An additional $2. 500 could be allowed if the building facade is in need of repairs.
INTEREST RATE 0%, TERM 15 YEARS, NO MONTHLY PAYMENTS. if the property is sold in the first 10 years the loan must be repaid in full, in year 10, 2/3 of the loan is forgiven, from years 10-15 the loan balance is prorated. If you live in the property for 15 years the loan will be totally forgiven with no repayment.
This grant applies to properties that do not need major repairs or for properties that need repairs and the borrower is using an FHA 203K rehab loan. For rehab properties an additional $10,000 may be granted and applied to principle reduction if the property has been vacant for at least 12 months.
Not sure if your adding or not but that’s a potential $22,500 for purchasing a rehab property in the designated areas in Covington.
In an additional program through the Northern Kentucky HOME Consortium there are targeted funds for purchasers in Ludlow, Newport, Bellevue and Dayton. Up to $6,000 grant money. This program has the same purchaser qualifying guidelines as above however the home must not need repairs (Meet minimum local housing standards) You must occupy the property for 15 years and the loan is totally forgiven.
Fully rehabbed houses for HALF PRICE, Covington is currently redeveloping several properties that they have purchased from banks, etc. All of these properties will be fully rehabbed and move-in ready. You cannot earn more than $59,150 for a single person, $84,500 for a person household and a minimum credit score of 620. In this case the city will provide assistance that can cover up to 50% of the lender required down payment and 100% of the closing cost. Buyer will be required to cover at least 50% of the downpayment. Additional principle reduction may be available to make the purchase affordable. Total amount of assistance is capped at 50% of the purchase price.
Here is a list of the rehab properties available
Mao for Covington’s Central Core Target Area
Map for the Latonia Target Area
For more specific information just call us and we can help you through the red tape at no charge to you.
CENTURY 21 Garner Properties 859-363-9900
