From my understanding any property that accepts Section 8 Vouchers must be approved by the local Section 8 office. Each property that is in the program must pass all inspections/requirements and is usually already active on the list of available homes they provide you. Your best option is your local office.... more
Seller paying closing costs depends on the real estate market you are working with. When there is more supply of houses than buyers the sellers tend to offer Buyers Closing Cost (BCC) credit in order to make a sale. When there are fewer houses available with many ready buyers sellers are less inclined to pay the BCC.... more
From a marketing standpoint the simple answer from un-informed buyers is probably yes, but it is not a simple question. What you are saying is that your home was determined by recent studies to be within the flood plain. I wrote an article in Life on the Water here in the Tennessee Valley where I said:
Before you buy your dream lot (home) or acreage on the water, be sure to have a survey to locate the 100 year flood line also known as the boundary of the flood plain. The flood plain is divided into the flood fringe and the floodway. Generally speaking, you will be required to build your finish floor one foot above the 100 year flood elevation on any site in the flood fringe. Beware the floodway line! It is difficult if not impossible to get approval to build in the floodway unless it is at existing grade with no fill. For example, you could pave an area to park or store you boat or RV. Appreciate the flood way for what it is ...an area clear of buildings and other obstructions so that flood elevations will not be
increased significantly during a flood event. The flood way can be the most beautiful part of your site.
Just make sure you have enough area to build your dream home which is not in the flood way.
An existing home does not allow you to plan your finish floor elevation. You must work with the existing conditions. If your existing finish floor is below one foot above the 100 year flood elevation, you will have to pay flood insurance. The price varies ( I think) according to how much below the required building elevation you are. It could be relatively cheap or expensive. If you are lucky and the existing house is one foot above (check local regulations and you financing institution) the 100 year flood elevation, then you "may" not have to pay for insurance. Assuming your lot, or parts of, is in the flood plain, they will probably try to charge you for flood insurance. You may be able to avoid flood insurance if you will get a surveyor to certify the elevation of your finish floor (or bottom of wood where you have a crawl space) is one foot above the 100 year flood elevation and file for a Letter of Map Amendment (LOMA). As always check with your local officials, but being in the flood plain shouldn't be scary...just do your due diligence.... more
Sounds like standard language applied by the vendor who lists these foreclosed properties at auction. They are doing a little CYA just in case the foreclosed owner is still there. If you're curious, drive by and take a look. Sometimes you can tell a lot from the outside.... more
You need to check with the county or city recorders office and or building inspector. If the additions were permitted than the permits will be on file. If not you have to assume the rooms were added without permits. Your lenders appraiser will not use that square footage as part of property value. Also you have no assurance the work was done properly and to code. Buyer beware....... more
In Alabama it is the seller's responsibility to provide and pay for a termite inspection letter. In order to complete approval for the buyer's mortgage loan, lenders require the termite inspection letter be provided.. The termite bond is negotiable between buyer and seller.... more
I have been a realtor in the Huntsville/Madison County area for 20 years now and am well versed in VA loans. I worked with several lenders with equal experience who can make your experience a pleasant one. It really makes a difference using someone with major VA experience since there are extra requirements and time required. My Dad was career Air Force so I have immense respect for Veterans and will treat you with the respect you deserve. I offer my hard work at your service.... more
It is the 2nd largest Research Park in the U.S. so there are many employment opportunities within and connected to Research Park. Bridge Street, a shopping, dining, and entertainment complex is next door and offers many options. Research Park is located just outside Redstone Arsenal so it is convenient to it and the Municipal Airport a short distance away. There are many reasons to purchase a home near Research Park. Please contact me at 256-468-0597 for more info.... more
I have a 4 Bedroom 2 bath home I am selling in Harvest area. I use to rent it for $1050 per month. I would accept dogs with a larger pet deposit and size of dogs. I maybe renting the home again if I do not find a buyer soon. Would be interested in purchasing the home and or renting the home?... more