Hi...thanks for answering my question, to answer yours we are both retired and don't want the responsibility for a mortgage . just need to find a house for three people. we feel that we can afford rent of no higher than $1300.00 a month or less. We need a 3 bedroom 2 bath house I have 2 small dogs so it would be nice to have a fenced in back yard. My sister and I will be coming to Virginia the first week of May to look for a house. we are from Upstate NY...just throwing that out there...Thank you for writing back...Renee Buxton... more
If you still own the house you are not a first time home buyer. Why do you ask? Often buyers tell me they cannot get an FHA loan because they are not a first time home buyer, that isnâ€™t a requirement.
The DAP programs that I am familiar with that requires first time home buyer status defines it as someone that has not owned a home in the last three years.
NMLS # 6395
Financing Kentucky One Home at a Time... more
Yes it is a freight line serving the industries in the area. A call to Norfolk Southern can shed more light on the frequency of its use. In the past, I have been told that it does not have a set schedule, but it has been years since I've inquired.... more
Carol - If your husband is a disabled veteran, there may be option out there for you that you are not aware of. Have you contacted Army Community Services at Fort Lee? They are a great resource for all sorts of issues, and it doesn't matter which branch your husband served in. And if they are not able to help with your issue specifically, they may be able to guide you to an organization that can. Their number is 804-734-6388. Also, as a disabled veteran, your husband may be eligible for a VA loan that would not have a funding fee. That often depends on the rating he has received. Your best bet there will be to contact a loan officer who handles VA loans. I have worked with one for years that has always done a great job for my clients - he has also received recognition for the loans he does for the Virginia Housing Development Authority. Best of luck and please, thank your husband for his service!... more
The particular house you clicked through is not a waterfront lot. From looking at the pictures, I doubt if you can even see the river due to trees. There are waterfront lots available. I looked at 1 that was $550,000 for 0.90 acres right on the river.
If you would like me to get you more information, feel free to call me at 804-712-8801.
And let me clarify.... although I understand the meaning sentiments that Ron shared, the homeowner is the seller. If at any point he does not wish to agree to something he is in charge.... but these decisions, as you know from the contract, would be subject to bank approval. In most cases the bank does not provide "approval parameters" to the seller in advance so he is guessing and hoping that they will go with what he does.... more
Carol, I have been selling residential real estate in the Chester area for the past 12 years and I also live in the 23831 zip code area for the past 12 years also. I would have to have more information, such as address in order to properly answer this question for you. Please let me know if you would like to call or meet me to discuss the current market conditions. I look forward to hearing from you. Thank you. Susan... more
Toby, I have been selling residential real estate in the Chester area for the past 15 years. Let me know if you would like to meet to discuss the current market conditions and a comprehensive plan to market your parcels.... more
Although each bank is different, my experience has been that they will reveiw the BPO vs the price of the contract and then make any recomendations before submitting for approval. This could mean that they ask for more money, or that they think it is a fair offer. Their job is to get everything in order to submit to the investor for approval - if the BPO came in higher or outside of an acceptable % required by the investor, then they will counter before submitting for approval. Some negotiators receive compensation based on how small those percentages are (had a case with Wells Fargo where they tried to get an extra $65k out of the buyer so that the negotiator could make a bonus!) but most are working off of parameters set by the investor. These could be maximum closing costs allowed, agent compensation, sales price vs. market value, etc. The investor is the one who has to sign off on the package - the negotiator just cuts out all the paperwork to put it in perspective for the investor.
As far as timelines go, it's first in first out so it just matters when the individual gets to it!
Every transaction is different in real estate and that especially goes for short sales. Communication between all parties is vital. Once the listing agent has received the written notice from the third party that the offer is approved, you typically close in a 30 day window. The key is written notice from the third party! I just closed one in less then 4 months in 23831.... more
Yes. But but the value of that bank guarantee might be as valuable as the paper it's printed on. Most banks won't even begin to negotiate with you until you have an offer in hand. And due to the fluidity of the market, a bank may agree to a sale price of X and then rescind when the market (from their perception) improved.... more