Renae has answered you question, but in case you want to know how much the fees are and what they include: association fee is $192 /month and includes exterior maintenance, grounds maintenance, and maintenance on the pool and tennis courts.
Not having to take care of the mowing, landscaping and pool is why most people choose condos.
By the way, this condo is under contract, so if you want another one in this same complex, email me and I will send you all that are available.
One of the better ways to guarantee getting approved with a low credit score is to work through a credit union. I can recommend several who are local to the Nashville area who would be happy to meet with you. Just drop me a line here or send an email at firstname.lastname@example.org... more
If your landlord doesn't report your rental history to one of the paid agencies online, chances are you won't find your rental history online. If you are needing your rental history for the purpose of a home loan, you can provide 12 months of cancelled checks along with the VOR (verification of rent) which is sent directly to your landlord. Best of Luck. Christina Solorzano of Everlasting Credit Repair.... more
Kenny and Matthew, thank you for your replies. The are definitely beneficial. Mathew, you have some great looking units. I'll be emailing you this afternoon. Let me be a little more specific as to what I was wondering about. Here in Chicago, we have apt hunters that will actually find units for you throughout the city, based on what you are looking for. They narrow it down by searching their database, schedule viewings, and then drive you to the units. They are then compensated by the property owner by receiving first months rent. Does anyone know of a service like this?... more
There are lots of people that offer Mold Remediation. I just did one in the East Nashville area. Wasn't to expensive or stressful for either party....
Andra Brewer Green
"Everyone needs a friend in Real Estate"... more
Your rate of return, like Judy mentioned, is dependent on the upfront cost of the building, the cost of maintenance and repairs, and the cost of licensing minus rent collected. If you're interested in purchasing a whole rental building for under 1.2m, I would recommend looking at a few new-construction opportunities opening up in Nashville neighborhoods like Hillsboro Village and West End. These areas are in high-demand because of their proximity to Vanderbilt, which means guaranteed renters and the possibility to collect relatively high rent. So much so that many homeowners in these areas have converted their homes to be able to rent basements or converted upstairs suites to local Vandy employees and grad students. Such converted homes in these areas can run between 450k to 750k, and if they have already been converted, this can mean generating rental income from as many as 3 to 5 different tenants.
If you'd like to hear more about the best options for your money and have an earnest conversation about the best solution for you, please feel free to contact me here or drop me a line at email@example.com.... more
I'm actually in the middle of a VA loan with one of my clients now!
Step 1: Get yourself pre-approved through a lender- I have a great one if you need help with that. The VA loan is one of the only loans out there that will still do 100% financing! Also, if your grandfather has any disabilities due to his military service, the VA Funding Fee will be waived, which is nice as that fee can be several thousand dollars.
Step 2: Select a Realtor who understands the VA home purchasing process.
Step 3: Look for a property which will be approved by a VA Appraiser. This is a very important step. With a VA loan there are homes which won't be approved by a VA Appraiser. So it is very important to select a home that meets the VA standards. I believe the fee for a VA Appraiser is about the same as a normal appraiser - around $350 - $400. Your Realtor should be able to point out potential homes that will work and which ones won't.
Step 4: Put your contract in on the home you select and come to a binding agreement with the seller.
Step 5: Pay your earnest money on the house - this is like a deposit on the house that shows the seller that you are serious about purchasing the home.
Step 6: Apply for the VA Loan through your preferred lender.
Step 7: Do a regular inspection (also around $400) and a termite inspection ($50 and under). A termite inspection is a requirement for a VA loan.
Step 8: VA Appraiser goes out and looks the home over.
Step 9: Any problems with the house from either the inspections or the appraisal need to be addressed in order to keep moving forward on the house.
Step 10: Continue moving forward, giving all paperwork to the lender as required.
Step 11: Once the loan is approved set a closing date.
Step 12: The day before or the day of the closing do a "walk through" of the house to make sure that everything still looks the way it's supposed to.
Step 13: Attend the closing to sign all paperwork.
Step 14: Receive the keys to your new home!
These are the basic steps of a VA Home Loan.
The VA Loan Approval is not always a smooth transaction, but the extra effort is definitely worth it!
For a more in depth description of the process, feel free to give me a call at 615.509.1753... more
Thank you for asking.
Many Sellers talk to their friends, their neighbors, their hairdress, buy they don't ask a Realtor.
I am surprised that you don't have a answer from an Ashville Realtor, yet.
Vivian has the best answer; too bad she's 200 miles away.... more
From an agent standpoint, Germantown is one of the hottest neighborhoods in Nashville right now. As one of the previous responders, Robert, mentioned, lots of homes and condos are going up almost overnight. If you're wanting to purchase or invest in a home or condo, that is the area and this is the time to do it.
Check out the link below to read up a little on Germantown.... more
A private lender.
A personal (not real estate loan). If you have a HELOC, you could use that.
Financing from the contractor. Some contractors offer payment terms.
Hope that helps.... more
It may be a wise investment, depending on the condo's area, the expected rental income, and how much you need to withdraw. In high-demand areas of Nashville such as West End, Hillsboro Village, and Midtown, condo rent income can exceed monthly payments.
As Brenda says, the penalty is typically 10 percent unless you have reached a certain ages, and in most cases taxes do apply. If you would at all be interested in discussing your options and maximizing your condo investment, please feel free to contact me here on Trulia or via my website, http://www.nashvillespropertysearch.com... more
Thanks for your interest in my listing.
This home is not a short sale or foreclosure.
If you're not currently working with an agent and would like additional information or to schedule a private showing, please let me know.
I'm happy to help!... more
Firstly, do you want to charge your sister rent which the others pitch in on, or are you wanting to charge them each separately?
If the unit is in good repair, $1200-$1300 not inclusive of utilities is a very fair price. But for older homes, or those which are a little rough around the edges, that can get drastically cheaper.
A lot of those properties seem to be a bit outside of Nashville proper; you may be able to find town homes in a similar price bracket closer to Nashville, which would likely command a slightly higher rent and have a better resale value- especially in neighborhoods like Hillsboro Village, Green Hills, and West End.
Here are some examples:
In the West End neighborhood, on Vanderbilt's West side:
In the up-and-coming Sylvan Park neighborhood, just south of West End and still just a short drive to downtown:
Remember that HOA dues are included in the monthly qualifying amount for on any given property whether they are paid monthly, quarterly or yearly. A condo and townhome property with high monthly dues can put a client over the allowable debt to income ratios. Make sure you know the association dues fit into the budget guidelines you received on your pre-qualification before you put in an offer. If you haven't been prequalified yet, or need more guidance on the process, I would be happy to help. =)... more
This home belonged to my sister. There are attorneys, doctors, and music people who live all around the neighborhood. They were mostly friends who looked out for each other. It always seemed that there were people out walking for exercise or walking their dogs. I cannot remember that she ever mentioned a problem with burgleries or muggings. I know for a fact that her door was usually left unlocked during the day.... more
Yes you may give an offer on this property! It has been on the market for 169 days as of 2-28-13, and was listed at $119,900, but is now listed at $114,900. If you will get in touch with me, I can get you prequalified FREE OF CHARGE! and then we can make an offer on your next home.