Marie, if you are looking to lease purchase a home on the section 8 program and have or haven't been through the necessary steps to qualify then I can help you if you call me at 678 502 8238 if you call and give me your email I can send you via email homes that are available through that program.... more
I am a real estate wholesaler, I find and sell homes really cheap to investors and people who would prefer to deal in cash. You can contact me anytime maybe I can help you with your search.
I am a landlord & have 1 home in Mableton, not too far from where you are looking to buy. It is an older 4/2 partially renovated (not fancy - more plain vanilla) and has rented in the mid to upper $900 range fairly easily. There is demand in the $850 to $950 range for a 4/2. So far it's been a good rental area and rental market.... more
If you are looking to buy, I would encourage you to start now. A conventional purchase may not take too long, but if you fall in love with a short sale, you may be too late already.
Step one however will be to meet with a local lender and get pre-approved. That way you know what you qualify for and if there are any credit issues you need to address.... more
The home at 4485 Wesley Way has 1,260 square feet according to the tax records, Randy. The cost per square, if that's accurate, would be about $39.68 at a list price of $50K. If you would like for me to send you an electronic flyer of that or any other properties in the area, please forward me your email address and I will get them over ASAP. If you'd like to see some listings tomorrow or this weekend, please call and I will arrange the viewings. Good Luck!
As John correctly points out the two year window is a must for getting a loan approved post bankruptcy. But remember, just because you have waited two years does not mean you will automatically qualify for a home loan. Your credit must be 620 or better and you need to have the income and the down payment to qualify for the property you are interest in. One more thing, it is very important that you have paid your bills on time since the bankruptcy discharge. Any late payments showing up on your credit after the bankruptcy will further restrict your ability to buy.
Email me if you need further clarification.
Timothy Brown | Senior Loan Officer
Academy Residential Mortgage, Inc.| firstname.lastname@example.org
11380 Southbridge Pkwy, Suite 200 | Alpharetta, GA 30022
678.468.5626 x110 | fax 678.935.1156 | cell 678.467.9959... more
In almost all situations a lease purchase is the real estate equivalent to a buy here/pay here car lot. I think Morgan may have understated it. I don't think that even 20% close. That means it is a very high likelihood that you will lose every penny that you put toward a potential purchase.
Rent until you are ready to buy. If you end up buying in 1-2 years prices will still be low. If you are actuallyready to buy then you can pick any house that meets your needs, you'll be able to negotiate more, and you'll have a much larger choice of homes to pick from.... more
If you are still looking in Austell, I advise you to see the properties first. I know for a fact that the homes on Egret Ct and Cypress Cove were hit by the flood and WILL be hit again. I know because I live off the same street. I saw the damage done, I could see homes under water from my back deck. I was not affected and not all houses in Austell were affected. Its a good area if you take the time too look.
Be careful.... more
No idea what the 1% your mention is.
Fha is 3.5% down payment, but you need 620 and depends on debt to income. I believe but does depend what lender you are using.
Your best option if you want to buy and take advantage of low housing prices is just buy with cash. There are some great handy man specials out there in the area you are looking for where you could buy the house for under 50k.... more
Austell is a good place to rent out your home. There are many businesses nearby that have employees that are looking for places to live. As with any other rental situation, you have to carefully screen prospective tenants.... more
Professional real estate agents against our code of ethics to make comments.
RECOMMEND contacting a Trulia agent in that area go through a q & a session assist in you making a decision. Have you Google searched or read local media press release or visit city website many have direct links published articles.
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