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Financing Your Home >Finicky Financiers

Buying an old house to fix up has an attraction for many people. If you can find a house with charm and character, a renovation may enable you to create just the living environment that you want. You should start with a good real estate agent to help you locate the right house and recommend lenders who make both acquisition and construction loans.

Financing a renovation is perhaps the most difficult part of the whole project, especially if the house needs extensive work. Few banks will make these loans to people who are not professional developers. You should prepare for your loan application by having a written proposal. It helps to have an engineer's report or architectural plans and to include estimates from contractors covering the costs and timetables for the work to be done. Your real estate agent can help you put together a market analysis of the neighborhood to show that you will not be over-improving the property compared with other homes in the area.

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Q	What Las Vegas hotel is famous for its casinos and is the largest hotel in the US.?
A	With 5,012 rooms, the MGM Grand Casino is considered the largest hotel in the US.
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Sue Haslam, REALTOR®, real estate agent and broker for Ocean City, West Ocean City and South Point Maryland home listings, property and land for sale - NUMBER1EXPERT(tm)

Sue Haslam
Prudential Carruthers Realty
7501 Coastal Highway
Ocean City, MD. 21842
Local: 410-524-SELL (7355)
Toll Free: 888-533-SELL (7355 )
Direct: 410-524-7355
Fax: 410-524-6249
Email: Sue@sellingoc.com
Being one of Ocean City's most successful agents for over 22 years and ranking in the top 25 agents in her company does not happen by accident. Sue's incredible attention to detail combined with her comprehensive systems and first class Support Team are key ingredients to her success. Consistently delivering the winning combination of attentive personal service with the highest level of professional skills. Mission statement: "Very simply...to give such incredible service that our customers and clients feel compelled to, recommend us to their family, friends and acquaintances after they have gone to settlement on their real estate purchase."

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