In Atlanta the anwer is a resounding YES! There are numerous builders with inventory on the ground right now and they are selling out fast. We also have several new companies coming to town. Fischer Homes and LGI Homes.... more
I suppose you've already got the answer you need by now. But, it's always a good idea to see the evidence the builder has that this location is not going to pose water problems. They will have test results of the soil and so forth.
Failing that, if the deal is really good, you could always invest in having your own tests done if the builder will allow it. That way, you've got results independent of what the builder is providing.
Hello Home Buying in 55446! That is a tough one that only you can answer. The first question to ask yourself is how long will I be at this property? Location is one of the largest considerations for buyers and that a seller has to consider for re-sale. If you think you'll only be in the property a few years, it better be a fantastic value in the current market to try and re-sell if the location is challenging to the majority of buyers. If you love the property, the road does not bother you, the property is priced right and you plan on staying there long term - hey, you know the best home for you and your needs!
Find a qualified and experienced realtor to go over sales trends of the area, sales trends of similiar homes in similiar locations and than make your decision based on those and your personal situation.... more
There is no right answer. BUT, my husband got a mortgage less than a year after his foreclosure through his CREDIT UNION. He got approval for conventional with 3% down, it took four months to get the approval. This is virtually unheard of in the mortgage industry, but credit unions have different rules than other lenders. If you belong to a credit union check there first, if not shop every credit union out there and shop a few mortgage brokers also. Changes are slim to none, but it does happen. I am not a lender and cannot give lender advice, but I wouldn't recommend closing your IRA unless you know there is someone who will pre-approve the loan.... more
Jennifer had a great answer. Basically, the number of bathrooms is counted by the number of ROOMS used as a bathroom and not what is in them. Then it is further broken down into 3/4, 1/2 and so forth. I don't know if you would call a bathroom with a separate tub and shower a 1.25 bathroom or not, but it is certainly more than a normal full bathroom with a combination shower and tub.
Every city is different on the question of bedrooms and years ago, homes didn't have closets as people used pieces of furniture to hang their clothes in. The basic idea when it comes to a bedroom; is it a safe place to sleep and can you get out if there is a fire.
It sounds like you should be able to finish the closet area with some drywall and it shouldn't be too expensive. If you don't like having that kind of closet, you might want to look at other homes.... more
You say that the place you bought has a finished LL and that the one across the street is a different model without a finished LL. Did your base price include a finished LL? If so, your home appears to have more finished square footage based on your description. You say the builder offered numbers to account for the pricing difference. Are you in disagreement with the builders numbers? Can they show you how those same numbers justify the price you paid with your model and finished square footage? Did the appraiser use comps with finished LL (like your home) since the three in your subdivision had unfinished LL? The issue seems less about the appraisal and more about the builder selling the home across the street for $65K less with an unfinished LL and a different model that may be a smaller footprint, fewer windows, lower quality finishes, less appealing floor plan, etc.... more