Warren County has strict regulations on the location of junk yards. You may want to look into the regulations for each area and see which might be a little easier to do this in and the cost. If these are not a factor, the industrial sights in Warren County will be your best to get a Conditional Use Permit passed by the Board for approval. Another alternative is to purchase an existing junk yard if one might be available. Hope this helps.... more
You have received a lot of great advice so far. My only comment is that the pre-approval should come directly from a Federally Chartered Banks Underwriter as oppose to the Loan Officer. When making an offer on a property and you can show that a Bank has pre-approved you subject to the identification of a subject property your offer carries a lot more credability than just a pre-qualification letter from a Loan Officer. At Flagstar Bank I am able to have a file reviewed and approved by an Underwriter in less than a day. I can be reached at (866) 552-5912 if you have any questions. Check out the attached weblink for more information on the USDA Rural Loan program.... more
Keep in mind that most banks want the home to be owner occupied or vacant and if you rent it out, it may hinder the bank's approval of the short sale. You might consider speaking directly to your mortgage lender about this.... more
Hi! I am Donna Anderson with Miller & Associates Realty in Linden, VA. If you can send me the Multiple Listing Number or a link, I would be very happy to help. I list several foreclosures in the area and can give you a list of the available bank-owned properties. I also have some pre-listed foreclosures that I can give you the heads up on. Send me your email address and the MLS number or link asap because the good buys are going quickly. Email me at donnaa@ mris.com or go to my website at http://www.donnalanderson.com. Thanks and I look forward to hearing from you!... more
I have alot of land listed in Warren COunty- Linden, Front Royal, Middletown- several subdivisions. Below will take you to my profile. Check out some of the land I have listed. Maybe this will help as far as pricing. A CMA search of land sold 3-7 acres I conducted several weeks ago puts land about $30,000 per acre- but of course the large the lot, the less money per acre. You are probably looking around $40,000- depending of course on location. Only a handful of lots in the area have recently sold, FYI-- there are buyers though! I get calls every day~
Beth the Realtor
I realize this question is old and I am a newer Trulia PRO agent but thought I's put my advice in- The Front Royal Market is stagnant right now but there is always a market for Historic homes, although buying a home in the historic district and renovating may require you to hold the home for several years to get the value back...I have one client who did the same, and has a renter in the property at this time. She is pleased with the renter, and the renter came to me looking specifically for a "historic" home. These particular homes have a lot of appeal to buyers from the Northern Virginia area. The most important factor is location!!! Is the home a Victorian that was built in the 1800's? Is it actually located in the Historic District? What is the zoning? Depending on location many of these homes have been turned into commercial office spaces. I'm always happy to provide a CMA report and send regular updates on Market activity.
Sincerely, Beth the Realtor (Beth Barnett)
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I will address your concerns one at a time: First, some people are finding that renting their current home is a viable option if they are unable to sell it, but as Cindy pointed out there are many things to consider before this decision is made. Can you afford both mortgages if your tenant doesn't pay?, Are you prepared to handle the problems that can arise when you become a landlord?, etc. etc.
Second, homes are selling in Front Royal! Your first step is to contact a reputable experienced agent to determine the current fair market value of your home, what is the estimated time it will take to sell and what can you expect to net financially from the sale. Only then will you have the information to make an informed decision.... more