Home Buying in Norfolk : Real Estate Advice

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John Burke, Real Estate Pro in Austin, TX
John Burke answered:
What is the maximum amount of units I can get a residential owner occupied loan on? VA, FHA or 203k..... 3-6 units?
Hi Daniel,

Tony hit the nail on the head. Anything over 4 units is considered commercial.

Take a look at the recommendations from some of my past clients on my Trulia profile by c ... more
0 votes Share Flag Thu May 19, 2016 Home Buying in Norfolk
John Burke, Real Estate Pro in Austin, TX
John Burke answered:
Hello everyone, My husband, stepson and I are a Navy family and we will be moving to the Norfolk area within the next 5 months. We are looking
Hi Pootymans,

I'm assuming that you plan on using a VA mortgage for your purchase so my answer is based on this assumption.

VA guidelines may prevent you from buying too much of a ... more
0 votes Share Flag Thu May 19, 2016 Home Buying in Norfolk
MCM_STL, Home Buyer in Saint Louis, MO
MCM_STL answered:
Can I back out of buying my condo? I won't be able to afford the payments because I'm the only one working in my house. the closing date is june 3rd.
What contingencies are left in your contract? Ideally, you have a financing contingency - which is something any buyer's agent worth their salt would have included. If the borrowers' fi ... more
0 votes Share Flag Tue Apr 12, 2016 Home Buying in 23505
Triciasskyan…, Home Buyer in Norfolk, VA
Triciasskyangel asked:
looking for condo sales in downtown Norfolk, va.
0 votes Share Flag Sat Mar 19, 2016 Home Buying in 23510
Amelia Robin…, Real Estate Pro in Falls Church, VA
Amelia Robinette answered:
If I sell my house which I currently have an FHA loan that was refined 6 months ago, are there penalties and can I buy my next house FHA?
if you don't have a pre-payment penalty spelled out in your loan papers than probably not.

why not call the lender and ask them directly?
0 votes Share Flag Sun Jan 17, 2016 Home Buying in Norfolk
Tony Grech, Real Estate Pro in Southfield, MI
Tony Grech answered:
FHA loans, can I get one after I sell what I have now?
absolutely. You can't have 2 FHA loans at one time, but once you sell the current home and pay off the loan you can get another one no problem.
0 votes Share Flag Thu Jan 14, 2016 Home Buying in Norfolk
Scott Daniels…, Home Buyer in Woodbridge, VA
Scott Daniels Wightman answered:
Looking for a mid-century modern home or close to that 50's/60's retro style ranch home. Any pointers?
Looking for a place like that as well. We are thinking of moving from the traffic nightmare and sky high house prices of Washington DC. Just need to know they exist down there and are ... more
0 votes Share Flag Tue Dec 22, 2015 Home Buying in Norfolk
Amelia Robin…, Real Estate Pro in Falls Church, VA
Amelia Robinette answered:
I have been browsing condos. Due to my age and mobility that's the right choice. My issue is HOA fees. I have seen some large fees and I
You need to compare what the condo fee covers. Some buildings have a lot of amenities - the more amenities (pool, gym, concierge), the higher the condo fee.

At a minimum, the condo ... more
0 votes Share Flag Thu Oct 22, 2015 Home Buying in Norfolk
Dawna Sikes, Real Estate Pro in Norfolk, VA
Dawna Sikes answered:
How's the rental situation for this complex? I'm looking to invest.
Hi Jlteng,

Which complex are you asking about? If you can give me a little more information, I would be happy to answer your question. I can also send you property reports that match ... more
0 votes Share Flag Tue Aug 25, 2015 Home Buying in Norview
Dawna Sikes, Real Estate Pro in Norfolk, VA
Dawna Sikes answered:
property at 342 dorwin dr norfolk,va. has been vacant for over a year. was for sale ,listed several times, who owns it and is it still for sale
Mr. Manley,

I see you asked this question years ago, but I wanted to let you know 342 Dorwin Dr. in Norfolk is currently for sale for a listing price of $410K. If you are still inte ... more
0 votes Share Flag Sun Aug 2, 2015 Home Buying in 23502
Dawna Sikes, Real Estate Pro in Norfolk, VA
Dawna Sikes answered:
I'm trying to find a 2 story Mid Century Modern Home in the area So far from a seach I'm only seeing ranch styles.....and I don't want a ranch
Hi Scott,

If you are not yet working with a real estate agent, I can definitely help you. I am a Realtor with Long and Foster in Norfolk, VA. I would love to hear more about what you ... more
0 votes Share Flag Sun Aug 2, 2015 Home Buying in Norfolk
Roy Anderson, Home Buyer in Tabb, VA
Roy Anderson answered:
Non-livable home, 40k estimated repairs just to get move-in approval. Wanting to offer 100k - listed at 189k.
Consider looking at the city assessment, which should show the value of the land and the value of the improvements (the house itself). Subtract the rough estimate of 60k from the value ... more
0 votes Share Flag Mon May 4, 2015 Home Buying in Norfolk
Roy Anderson, Home Buyer in Tabb, VA
Roy Anderson answered:
What is the cash reserve requirement for a 100% conventional loan with NFCU?
Obvious answer, but just call them up and ask a loan officer this question. :) You will find out sooner or later. It might as well be sooner. Then post back here with the answer! I'm su ... more
0 votes Share Flag Mon May 4, 2015 Home Buying in Norfolk
KK German, Real Estate Pro in Virginia Beach, VA
KK German answered:
Rent, buy, or add on? Own 2 bed 1 bath in Norfolk NEED bigger home or more room. In laws live with husband and I, baby on the way...
Hi Jessica,

Seems like a lot of thoughts rolling around in your brain.

Maybe do a chart to flesh out and help clarify goals, advantages, disadvantages of each option?

Yes, you ... more
0 votes Share Flag Thu Jan 29, 2015 Home Buying in 23505
Armybrat90, Home Buyer in Chesapeake, VA
Armybrat90 answered:
I would really love to buy a house for my family (I have two children) but I have bad credit because of my ex husband and I'm also a first time
I'm located in norfolk va (sorry I should have added that above)
0 votes Share Flag Fri Nov 28, 2014 Home Buying in Norfolk
teacher mom, Home Owner in Norfolk, VA
teacher mom answered:
Is this a foreclosure or short sale? I can't believe the price!
No. This is not a foreclosure or short sale. It is a simple ownership sale. The house is freshly painted and in good condition.
0 votes Share Flag Sun Sep 21, 2014 Home Buying in Larchmont/Edgewater
Galano And H…, Real Estate Pro in Portsmouth, VA
Galano And Holland answered:
What are the flooding risks in East Ocean View? Do the streets flood after storms?
Hi Clare

Most of the newer homes in the Ocean View area have been built in an elevated manner to help prevent some flooding of the home. As far as helpful info goes, go to the websit ... more
0 votes Share Flag Sat Jul 5, 2014 Home Buying in East Ocean View
Kevin Richey, Real Estate Pro in St George, UT
Kevin Richey answered:
I would be a first time home buyer - how important (or necessary) is a down payment, and should it really be 20 - 30%?
There are some very good programs available. In some areas you may not need a very big down payment at all. In our area we have some down payment assistance programs that can cover the ... more
0 votes Share Flag Wed Jun 11, 2014 Home Buying in Ghent
Johnathan Ki…, Real Estate Pro in Chesapeake VA 23320,...
Johnathan King answered:
i am an e4 in the navy, and my boyfriend and i are looking to buy our first home together. Hes an e5. Now, if we are both on the purchase agreement,
I'm sure that by now you and your husband have found a home that you are happy in being a navy veteran I understand the changes that can happen at random! If you or someone you know ne ... more
0 votes Share Flag Wed May 21, 2014 Home Buying in Ghent Square
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