Michelle Stanifer's Answers
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Answered: May 5, 2012
In answer to: What are insurance rates yearly for an average houshold in Cleveland Ohio?
Hi, Casey. It varies by insurance companies, type of home, sq ft, etc and type of coverage chosen. The range is wide, from about $350-$1,000 for a typical home in this area ranging from about 750-2,000 sq ft. I will usually suggest to call 2-3 companies to compare rates and coverage. Most people get the best rates from the company that already insures their auto, and as a bonus, they will then qualify for auto discounts for having multiple policies with the same insurer.
Answered: Apr 4, 2012
In answer to: I am engaged.I do not have great credit but my fiance has excellent credit if we were to get married and then buy a house would we be declined?
Hi, Kate. The good news is your husband (sounds weird, right?) can purchase the home on only his credit. It is possible to have his name be the only one on the loan but you two can take title as husband and wife (sounds weirder, huh?). When they consider only one spouse for the loan, you should be aware that they will only count that person's income and not the other spouse, so that will effect the amount of loan for which he would qualify.
Congratulations on your upcoming wedding! :)
Kind regards,
Michelle Stanifer
Russell Real Estate Services
Get Listed. Get Sold. Move!
Answered: Feb 25, 2012
In answer to: what does under contract mean? UN
Dear L Drellshak,
That's a very good question and one that I'm often asked. Under contract means that the seller has accepted an offer. When an offer is signed by both the buyer and seller, it becomes a legally binding contract. Other terms that describe the same situation are Pending and Contingent; although, Contingent means not all conditions have been met yet. An offer may be contingent upon a successful home inspection, financing approval, or the sale of another home, as examples.
Kind regards,
Michelle Stanifer
Russell Real Estate Services
Get Listed! Get Sold! Move!
Covers Berea, Brook Park, Middleburg Heights, Olmsted Falls, Strongsville, and more.
Specializing in the Greater Cleveland area.
With 6 years experience as a REALTOR&xae; working with buyers and sellers in the Greater Cleveland real estate market and beyond, my experience ranges from cash transactions to government financing, assumptions to foreclosures, first time home buyers to new construction to investment purchases. This experience has taught me, most importantly, to follow the transaction, monitor the closing activities and make sure all parties have the documentation needed to close successfully and on time.
I will make sure you are fully knowledgeable about the market area in which your property is located, including recent sales prices, local financing incentives, and competitive properties. My expert negotiating skills paired with my knowledge of the market conditions can result in the best possible selling price or exceptional savings on your real estate purchase.
I am a full time REALTOR&xae; and am available during the week as well as evenings and weekends. I am available on my cell phone at 440 391-1304 and respond promptly to all phone calls, emails and text messages.