Wilmington : Advice

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John Walin, Real Estate Pro in Libertyville, IL
John Walin answered:
I'm purchasing a short sale from a seller receiving an incentive from her bank. Can I ask for a portion of that incentive after inspection?
Thats a side agreement, and think it is strictly controlled by the new HUD-1 form. That looks like seller assistance to the buyer and if it is allowed, would have to be on the HUD. If ... more
0 votes Share Flag Sat Jan 21, 2012 Home Buying in 28403
Dan Tabit, Real Estate Pro in Issaquah, WA
Dan Tabit answered:
Credit scores: 527, 563, 572. Paid over $50,000 in rent w/in 6 yrs.Makes me want to vomit. Over $50,000 in student loans.What kind of shot do I have?
Aundreeuh,
Ignorance is only a sin if we choose to stay in it. At 18 you didn't know any better and did what many of us have done before you. At 26 you realize the path you ... more
0 votes Share Flag Sat Apr 18, 2015 Home Buying in 28412
Caroline Dug…, Real Estate Pro in Wilmington, NC
Caroline Dugas answered:
what percentage do real estate listing agents get and what is the average listing contract time?
Commission percentage is always negotiable. Most likely is 5-7%. Most people list for 6 months at a time but an agent may ask for longer if it is a unique property that may take longe ... more
0 votes Share Flag Sat Jan 21, 2012 Home Selling in 28412
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
I bidded on a foreclosure listing several days ago.I checked the listing today and it said active and off market. What does this mean.?
The likelihood is that the Bank had a high MINIMUM on the Auction; probably the total amount of the debt.
So it is very likely that no one bid high enough.
The banks do that, so that ... more
0 votes Share Flag Mon Jan 2, 2012 Foreclosure in 28412
Michael Cheng, Real Estate Pro in San Jose, CA
Michael Cheng answered:
How long will a house stay in short sale status before it is turned over for a foreclosure?
Judy,

There are no set schedules in foreclosure proceedings. A short sale is just one alternative path. Depending on the bank and the loan situation, the foreclosure process may ta ... more
0 votes Share Flag Sat Jan 21, 2012 Home Buying in Wilmington
Mike Malina, Real Estate Pro in Wilmington, NC
Mike Malina answered:
If the neighborhood name is wrong in Trulia, how does one get it corrected?
Feel free to contact me directly to assist. I have very good relationship with them, but will need to specific neighborhood to reference.
0 votes Share Flag Fri Dec 23, 2011 In My Neighborhood in Steeplechase
Mike Malina, Real Estate Pro in Wilmington, NC
Mike Malina answered:
Should pest control be tenant or owner responsibility after the tenant has moved in?
Depends on the rental agreement. In my personal property, I provide pest control as a value added service.
0 votes Share Flag Thu Apr 23, 2015 Rental Basics in Wilmington
Tina Lam, Real Estate Pro in San Jose, CA
Tina Lam answered:
Does the rental market slow down or pick up during the holiday season?
Anecdotally, I've seen rental slow down every year starting around mid-November, just like the rest of the housing market. Renters don't like moving during the holidays.
0 votes Share Flag Fri Nov 25, 2011 Rental Basics in Wilmington
asked:
0 votes Share Flag Fri Nov 18, 2011 Rental Basics in Wilmington
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
What interior upgrades are most important to long term tenants?
Eliminating all smells.
Clean Carpets.

Gas stove
Wood/Laminate floors
No Fluorescent Lighting
No tile countertops
0 votes Share Flag Thu Nov 10, 2011 Rental Basics in Wilmington
Tony McMahon, Real Estate Pro in WHITE PLAINS, MD
Tony McMahon answered:
Can I place an offer on a short sale that just went under contract? And if I can, should I even bother?
You could always ask to be a back up offer, but if the short sale is in contract status and the contingencies have been removed , you might want to keep on shopping.
0 votes Share Flag Sat Jan 21, 2012 Home Buying in Wilmington
Tim Moore, Real Estate Pro in Kitty Hawk, NC
Tim Moore answered:
How does a foreclosure get a listing price? Would it be unreasonable to offer the bank 80- 85% if there are no other offers on the table?
I assume you are talking about a bank owned home and not one in foreclosure. The bank has foreclosed and now owns the home. They will get BPO (broker price opinions) to determine the cu ... more
0 votes Share Flag Sat Jan 21, 2012 Home Buying in Wilmington
Andrew Kelly, Real Estate Pro in Wilmington, NC
Andrew Kelly answered:
I want to purchase a townhome to rent. Should I go for a 2bd, 2ba foreclosure or a more expensive 3bd, 3ba in the same area?
As far as short term equity is concerned, you stand to make more in a short period of time on the foreclosure, typically. However, from a rental standpoint, you will be able to rent th ... more
0 votes Share Flag Sat Jan 21, 2012 Home Buying in Wilmington
Scott Godzyk, Real Estate Pro in Manchester, NH
Scott Godzyk answered:
Estimated property damage cost over the last 3 years due to storms and hurricanes.
I am not sure exactly what you need or who from. if you saw a listing here in Trulia you have this question on, you may want to go back to the listing, click on the profile for the list ... more
0 votes Share Flag Tue Oct 18, 2011 In My Neighborhood in 28411
Bea Desmond, Real Estate Pro in Wrightsville Beach, NC
Bea Desmond answered:
do you have any pictures?
Hi Melissa,
are you referring to 149 Navaho Trail? If so, I have many pictures and I can email them to you or I can show you the house.

For pictures or additional information, pl ... more
0 votes Share Flag Sun Oct 16, 2011 Rentals in Woodberry Forest
Jessica Schr…,  in Wilmington, NC
Jessica Schreiber answered:
What is the phone number for the home owners association for the smithcreek village townhomes?
Cepco (910) 395-1500
Call me if you, or anyone that you know, is looking to buy or sell a home. I would be happy to help!
Jessica Schreiber, Broker/Realtor
Century 21 Sweyer and ... more
0 votes Share Flag Fri Oct 14, 2011 Home Buying in Wilmington
Mike Malina, Real Estate Pro in Wilmington, NC
Mike Malina answered:
Is Murfield Townhomes neighborhood safe? Do you socialize with your neighbors?
You are probably referring to the townhomes in the Muirfield section of Echo Farms. Like all neighborhoods, the more you put in the more you get back. If for some reason the neighbors ... more
0 votes Share Flag Sat Oct 15, 2011 In My Neighborhood in Muirfield Townhomes
Tammy Sanders, Real Estate Pro in Wilmington, NC
Tammy Sanders answered:
interested in Wilmington area coming from out of town what is a good location to look in close to city and beach single family homes?
Hi Gina,
You looking for sales or rentals? Either way, I can help you! Answers a few questions and I'll know how to help you find your new home. Give me a call.
Tammy Sanders
9 ... more
0 votes Share Flag Sat Nov 5, 2011 General Area in Wilmington
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
Am I, seller, required to turn on utilities for a short sale home inspection in NC? I have moved out of the state and the home has been vacant.
How can you expect them to do the Inspections without Electricity and Water?

Can't you just entrust this chore to your Listing Agent?

Can't you just call the Power Compa ... more
0 votes Share Flag Mon Jan 30, 2012 Home Selling in Wilmington
Mike Malina, Real Estate Pro in Wilmington, NC
Mike Malina answered:
wilmington N.C. Can i forclose on property that i payed the taxes on?
If there is a mortgage on the property with a deed of trust that has not been paid, then the foreclosure proceedings can be initiated.
0 votes Share Flag Mon Dec 26, 2011 Foreclosure in Wilmington
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