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Robert Carlough
"R. E. Agent, Reg'd HUD Agent & Investor"
- 6 Answers
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Owner/Partner for DovCar Investments, LLC
January 2007—present
We buy, renovate bank owned (REO) properties. www.dovcarinvestmentsllc.com
We buy, renovate bank owned (REO) properties. www.dovcarinvestmentsllc.com
Real Estate Professional for Gordon Street Realty LLC
September 2008—present
http://rpcgahomes.industryaccess.com
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http://rpcgahomes.industryaccess.com
Specialties:
Specialties would be buying and renovating REO (foreclosure) properties and then reselling at below market prices to families in need of a little help.
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About:
I have over 20 years in various Customer Service fields. Some of which have included the Retail and Grocery fields of work. My main avenue of service was
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Testimonials:
""I didn't think I could buy a house, and now I'm living in my dream home. Having faced two layoffs in the last year, I didn't think I had a chance to
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Robert Carlough answered:
Hi Cathy,
I agree with all of the respondents. It is simply a matter of whether you really love the house and when you walk in you feel at home. The chances of the house flooding that badly are slim. However because of legal issues, insurance issues the fact there is a possibility must be disclosed.
As a personal experience, I too bought an old, cottage style house when I was in NC. My property line on one side of the house was a small creek which was much closer than 200 feet. The worst I ever had was some slight flodding of the backyard. And by that I mean the ground/grass became a little squishy. I never had a problem with the crawl space nor with dampness in the house itself. I loved that cute little house and the acre it sat on.
As far as the premium for your quoted flood insurance, that sounds high to me. Unless you are talking a very large house, assessed at a very high rate. I woud shop that around and see what else you could come up with. If you would like some suggestions please feel free to email me and I will send them to you.
I notice that you are talking the 30033 zip which I believe is Decatur. Where is the property located? Perhaps I could find out more info for you if I knew where this flood plain is located. Decatur is not an area I would guess to even have this issue.
Warm regards, Bob
Robert Carlough, Realtor
Gordon Street Realty
rpc@gordonstreetrealty.com
I agree with all of the respondents. It is simply a matter of whether you really love the house and when you walk in you feel at home. The chances of the house flooding that badly are slim. However because of legal issues, insurance issues the fact there is a possibility must be disclosed.
As a personal experience, I too bought an old, cottage style house when I was in NC. My property line on one side of the house was a small creek which was much closer than 200 feet. The worst I ever had was some slight flodding of the backyard. And by that I mean the ground/grass became a little squishy. I never had a problem with the crawl space nor with dampness in the house itself. I loved that cute little house and the acre it sat on.
As far as the premium for your quoted flood insurance, that sounds high to me. Unless you are talking a very large house, assessed at a very high rate. I woud shop that around and see what else you could come up with. If you would like some suggestions please feel free to email me and I will send them to you.
I notice that you are talking the 30033 zip which I believe is Decatur. Where is the property located? Perhaps I could find out more info for you if I knew where this flood plain is located. Decatur is not an area I would guess to even have this issue.
Warm regards, Bob
Robert Carlough, Realtor
Gordon Street Realty
rpc@gordonstreetrealty.com
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