Home Buying in New Albany : Questions & Answers

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Teresa Moody, Real Estate Pro in 47119
Teresa Moody answered:
Is it quicker to close a short sale or back owned?
Bank owned properties tend to close much quicker. The short sale process has improved, but it still can be a lengthy process. Its important to work with an agent that has done a short ... more
0 votes Share Flag Mon Nov 10, 2014 Home Buying in New Albany
Brett Mumaw, Real Estate Pro in New Albany, IN
Brett Mumaw answered:
What is the HOA on 1415 Slate Run Road?
The MLS is showing an HOA fee of $113 per month. Let me know if I can answer any other questions or provide any additional info.
0 votes Share Flag Mon Aug 5, 2013 Home Buying in New Albany
Bill Moody, Real Estate Pro in 47119
Bill Moody answered:
I am trying to buy my first home. I'm fine with either FHA or Homepath. I'm in the last few months of my chptr 13. Where do I begin?
Always start with a lender to get pre approved and find out what price range you should be looking at..
Feel free to give me a call if you need additional help.
Thanks,
Bill Moody
... more
0 votes Share Flag Fri Jul 12, 2013 Home Buying in 47150
Amanda Braden, Real Estate Pro in New Albany, IN
Amanda Braden answered:
Looking to lease a home in the New Albany area,four bedrooms. We are saving to buy our first home!
Many agents at Schuler Bauer also have rental properties such as David Bauer, Troy Stiller & Todd Paxton, you could go to our website to contact them, or you could email me your renting ... more
0 votes Share Flag Wed Jun 12, 2013 Home Buying in New Albany
John & J…, Real Estate Pro in Jeffersonville, IN
John & Jill Finnegan answered:
I am a first time buyer. Where do I start in general? I know the area I want to purchase in and around what my monthly payments need to be.
I would start by getting a pre-approval from a mortgage loan officer and then contacting a local realtor. You can start your searching the local MLS at www.Rocks1.com. If you've got a ... more
0 votes Share Flag Tue Mar 26, 2013 Home Buying in 47150
Harrison Hays, Real Estate Pro in New Albany, IN
Harrison Hays answered:
my credit isn't where it needs to be,getting a realtor /someone help me is very difficult.Does anyone know a good person that could help me?
Sure thing Michelle I would be happy to help anytime. Feel free to call or email me at your convenience. 812-987-7797 or jahhays@gmail.com.

Thank you and I will stay tuned.
0 votes Share Flag Fri Nov 30, 2012 Home Buying in New Albany
Sally Grenier, Real Estate Pro in Lafayette, CO
Sally Grenier answered:
I have credit scores of 625, 614, and 584 and want to buy a home with fha. Do I need to bring them up before applying for a loan?
To answer your question, you will probably need to bring up your credit score to at least 640. But, you can start the pre-approval process now. Talk to a lender or mortgage broker. They ... more
0 votes Share Flag Mon Feb 14, 2011 Home Buying in New Albany
Bart Medlock, Real Estate Pro in New Albany, IN
Bart Medlock answered:
Is there a builder willing to do a builders trade to build a new home on my lot? The old home is in New Albany,IN..new one will be in Charlestown,IN
Joyce - I just saw your question and - if you haven't already gotten advice elsewhere - the answer is you'd have to find the right builder. There are several factors that will ... more
0 votes Share Flag Fri Oct 29, 2010 Home Buying in 47150
Emelia Sanch…, Real Estate Pro in Ontario, CA
Emelia Sanchez answered:
Got a real estate question? Get answers from locals, experts and real estate pros. Are taxes included in estimated monthly mortgage payments?
Mckinley,

If you are purchasing FHA they must be paid monthly with your mortgage payment. If you are purchasing using a conventional loan you may choose to make the 12 monthly insta ... more
0 votes Share Flag Wed May 26, 2010 Home Buying in New Albany
The Relocati…, Real Estate Pro in Indianapolis, IN
The Relocation Department answered:
I want to buy a house using the rural housing FHA loan. What is required to get this loan? If I am approved here in Indiana, can I use it anywhere
Mel - The house has to be in a qualifying area first. If you have a particular home you are interested in, you can go to the USDA website and follow the links to some recommended lende ... more
0 votes Share Flag Wed Feb 3, 2010 Home Buying in New Albany
Tony Grech, Real Estate Pro in Michigan
Tony Grech answered:
does the number of inquiries on your credit report affect your ability to borrow?
It could.

If your credit is otherwise good - meaning you don't have a ton of debt or tradelines, you're not maxed out on your credit cards, and you make all your payments o ... more
0 votes Share Flag Wed Nov 18, 2009 Home Buying in New Albany
David Karst, Real Estate Pro in South Bend, IN
David Karst answered:
what is the biggest downside buying on a short sale?
Waiting for weeks, and possibly months for a response from the lender agreeing to the short sale. Many months in some cases.
0 votes Share Flag Tue Sep 15, 2009 Home Buying in 47150
Debra (Debbi…, Real Estate Pro in Livingston, NJ
Debra (Debbie) Rose answered:
how do you deal with wanting to buy a home that is listed by a realtor who you had previous really bad experience with.?
Suzan - take a minute and see that you are spamming a question that is over 1 year old (spam means overtly soliciting business).

She even states that she already HAS an agent she li ... more
0 votes Share Flag Sun Sep 13, 2009 Home Buying in 47150
Jody Jones, Real Estate Pro in Elkhart, IN
Jody Jones answered:
counter offer?
Jim,

As other posters pointed out, if your offer had been accepted, the lenders do like a clean offer to process, so re-writing the contract would not have been prudent. Cash offers ... more
0 votes Share Flag Tue Jul 21, 2009 Home Buying in New Albany
Judy Mellenc…, Real Estate Pro in 47274
Judy Mellencamp answered:
We feel our Realtor is trying extremely hard to sell us a property rather than represent our best interests.
Counter to counter is fine as many times as need be. I am assuming that your realtor was trying to clean things up for you. If you get an accepted offer your lender will not want to dea ... more
0 votes Share Flag Mon Jul 20, 2009 Home Buying in New Albany
Jody Jones, Real Estate Pro in Elkhart, IN
Jody Jones answered:
would you advise sellers to consider cash as an incentive to discount a property in this market?
Brenda,

Ok, that makes for another can of worms. The folks in the family might be insulted, but if I were their agent, I would advise them to at the very least counter offer.

If ... more
0 votes Share Flag Fri Jul 17, 2009 Home Buying in New Albany
David Chambe…, Other/Just Looking in Saint Petersburg, FL
David Chamberlain answered:
What is the average price per square feet of a home?
There is no average price per Sq. Ft. because there are to many factors to consider such as quality of build, location, age of house, amenities +. but you might be able to get an averag ... more
0 votes Share Flag Sun Nov 2, 2008 Home Buying in New Albany
Jody Jones, Real Estate Pro in Elkhart, IN
Jody Jones answered:
I live in 4505 Park Rd, Lavaca Arkansas, how far is that from New Albany Mississippi?
Hilda, If you go to Google Maps, you can put in your address to and from. I did that and it shows
Driving directions to New Albany, MS
378 mi – about 5 hours 56 mins.

Have ... more
0 votes Share Flag Thu Sep 25, 2008 Home Buying in New Albany
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