REO homes sell faster than Trulia can keep up. The agent may not be calling you back because they already have 30 or 40 offers on the property when you call. If you want to be one of the 40 bidders, you'll need to align yourself with a buyer's agent who can get you updated information on a daily basis. Let me know if I can assist you further.
Fred Yancy, REALTOR/Broker
Harry Norman, Realtors
You will likely receive several responses to this inquiry. I am of the opinion that a thorough personal review of your financial condition should be the first step.
1. Pull your credit reports and ensure that everything being reported there is accurate.
2. Check your credit scores to determine if they meet typical lender expectations (most require 640+)
3. Confirm that funds required of you are available. You'll need to have around $2500 of your own funds even with the use of down payment assistance.
4. Take home buying class through a HUD-certified Housing Counseling Agency.
5. Call a real estate agent for a lender referral, but be sure that the one chosen participates in the various down payment assistance programs.
I don't serve Cartersville because of my location in North Gwinnett, so my opinions will be completely objective. Still, I'd welcome the opportunity to speak with you when time permits.
Georgia Real Estate Brokers Associate
REALTOR®, REALTIST®, Certified Affordable Housing Counselor
Keller Williams Realty Atlanta Partners
(678) 775-2677... more
Hi. I recommend several lenders that you call
Jennifer Clancy with Starkey Mortgage at 770-387-4504
Antonia Greenshaw with Principal Mortgage at 770-459-9977
Also if you do not have an agent that you are working with, I invite you to therealtyqueen.com to search for homes in the 30120 area.
Are you currently working with a Realtor? Most Realtors know great lenders because we work with lenders daily. We also know the not so great and really bad one to seer you away from. So work with your Realtor on getting a recommendation for a great lender. There is much more about the lending process than just getting approved and you want to have a great working relationship with your lender.
Fred Yancy, Broker
(678) 799-4663... more
In my experience in dealing with a few different lenders, you may receive an FHA-insured mortgage, if at least 2 years have elapsed since the date of discharge of the bankrupcy and the borrower has since reetablished good credit. As far as, Foreclosure, typically you would be eligible to receive an FHA-insured mortgage 3 years after the Foreclosure Deed was filed by the bank as long as good credit has been reestablished. Of course, these are just general guidelines that most Lenders use it would still be a good idea to consult with a Mortgage Lender to find out their specific guidelines.... more
Your story or question makes no sense to me. If it's your property why do you have to buy it back? If the mortg is in your name why buy it back? It sounds like you own it already. Selling you your property makes no sense. There must be something you are leaving out.... more
Well, I typically charge non-client investors for these types of reports, but I'll give you a taste of one neighborhood in Cartersville. Avg sales price in 2007 for this particular neighborhood was $129,450.00. Today that same neighborhood's avg sales price is $55,399.00. These numbers were a simple batch data of random 6 properties all with 3 bedrooms and 2 baths within the same neighborhood. A full report would obviously be more detailed than this, but you get the idea of this particular neighborhood being over 60% off.... more
It depends on how your able to price your home. 1) you need the equity to be able to price your home in todays market. 2) you need to stage your home to sell and make it different that all the rest. 3) you need to have your yard welcoming to buyers. If your able to do these things you could sell your home in less than 3 months. If not it could take up to a year. You also need to hire an agent that works for you. Feel free to visit our website. I hope this helps.... more
Why is a seller compelled to sell to the first buyer? Why is a seller compelled to sell to anyone for any price? As far as I know, the seller accepts a price he wants, when he wants it.
If a bidding war gets going then that's a lucky seller. If all he hears are chirping crickets because he wanted more than buyers were willing to pay then he's a dumb seller.
All you need to do is worry about you - bid what you think and let the rest take care of itself.
I work for Homestead Properties, Ltd., which is the oldest real estate brokerage in Bartow County. While I can't guarantee everything you are looking for I would be glad to search the MLS for you as well as check other avenues to help you find a home you can be happy with. Some landlords will give you a multi-year lease.
Have you considered a lease/purchase? That is another way you can put down roots without worrying about having to move in a year or so. You would sign a normal lease, but at the same time you sign a Purchase and Sale Agreement but instead of closing in 30 days, you close in a year or so. With a lease purchase typically the rent would not go toward the purchase of the home but the down payment could go towards that purchase. In a lease/purchase the Seller would prefer a larger down payment but some may work with you on that to get a person who will take care of the home.
If you would like to speak more about it you can call me direct at: 770-655-9725.
Dawn Heisler... more