Home Buying in 27601 : Questions & Answers

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Mimi Francis, Real Estate Pro in Cary, NC
Mimi Francis answered:
I'm retiring and will probably buy in Raleigh and looking for safe neighborhood. Range: 130,000 - 200,000
Hi, Alice - congratulations on your impending retirement! The Raleigh area offers a wealth of options including some terrific 55+ Active Adult Communities and many single-family and to ... more
0 votes Share Flag Thu Jul 29, 2010 Home Buying in Raleigh
Mimi Francis, Real Estate Pro in Cary, NC
Mimi Francis answered:
Listed price was lower than the payoff, but it was not advertised as a short sale and the sellers agent knew nothing.(Home buyer, done selling...
Short sales can be very messy - I tell my buyers there "ain't nothin' short about a Short Sale". In my experience, the second mortgage makes it particularly complic ... more
0 votes Share Flag Tue Jul 27, 2010 Home Buying in Raleigh
Rayssa, Real Estate Pro in Angier, NC
Rayssa answered:
What is the most desirable are for rental properties in the Triangle?
I would suggest looking in The Brier Creek area in Raleigh, Cary near Crossroads and Knightdale. I have access to all the listings in NC. Please visit my website and feel free to browse ... more
0 votes Share Flag Wed Jun 23, 2010 Home Buying in 27617
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
Is the square footage on a garage considered in the heated space on a listing ? And if I have a contemporary home and the "basement" has 3
A garage is not included in living space. As far as a basement and teh definition of what is considered, it is gross living space above ground. No 1 wall can be considered under ground, ... more
0 votes Share Flag Wed May 26, 2010 Home Buying in Raleigh
Jim Laudate, Real Estate Pro in Cary, NC
Jim Laudate answered:
Why hasn't the home at 7100 Saratoga Springs Lane, Raleigh, NC 276123 sold since it has been on the market from last July, 2009?
There are many reasons why a particular home does not sell. By law in North Carolina an agent represents the seller unless that agent has a buyer agency agreement in place with you. Hav ... more
0 votes Share Flag Mon May 10, 2010 Home Buying in Raleigh
Daniel Eberw…, Real Estate Pro in Clayton, NC
Daniel Eberwein answered:
I recently signed a contract to purchase a new construction house in North Carolina. The builder informed me that the permit for the lot was denied
You do have a third option, and that's back out of contract. You can tell the builder that the two options he gave you are not acceptable, and you can tell him you'll accept ... more
0 votes Share Flag Thu Feb 11, 2010 Home Buying in Raleigh
Mike Jaquish, Real Estate Pro in 27513
Mike Jaquish answered:
I have a R1 visa, I am in the process of buying a home in raleigh NC. I have been in continous employment for 2yrs 4months, I have good credit and
You should be able to get a loan if all other parameters are met.
And any competent loan officer would have been able to give you good guidance for your situation, before taking applic ... more
0 votes Share Flag Wed Sep 11, 2013 Home Buying in 27604
Ute Ferdig -…, Real Estate Pro in Newcastle, CA
Ute Ferdig - Atty. Negotiator answered:
Mortgage pre-approval question.
Hello Jamie. They only count 75% of the rental income and only if you have at least 30% equity in your rental. If you don't have the necessary equity, they don't count the r ... more
0 votes Share Flag Wed Feb 3, 2010 Home Buying in 27606
Andres Gomez, Real Estate Pro in Charlotte, NC
Andres Gomez answered:
I interesting in buying 4plex and 8plex in with no money down.
I can help you with a loan for up to a 4unit property. Call me at 704.488.4296.

Best regards,

Andres Gomez
0 votes Share Flag Tue Feb 9, 2010 Home Buying in Raleigh
Eleanor Thor…, Real Estate Pro in Cary, NC
Eleanor Thorne answered:
If i live in connecticut and have section 8 can I purchase a home?
Are you trying to purchase in Connecticutt or North Carolina? Either way, the best thing for you to do is call a mortgage lender and get pre-qualified. WIthout all of the financial pi ... more
0 votes Share Flag Tue Nov 24, 2009 Home Buying in Raleigh
Larry Story, Real Estate Pro in 27408
Larry Story answered:
tax credit for home buyers who have owned home for 5 yrs or more
Charles,
Not sure what your question is but yes the tax credit is no longer just for first time home buyers. Now there are guidelines for buyers to meet from income to home price. Y ... more
0 votes Share Flag Sun Nov 15, 2009 Home Buying in Raleigh
Roger Kenney, Real Estate Pro in Raleigh, NC
Roger Kenney answered:
I am in a short sale as the buyer. I am fairly confident I am the highest offer right now, but I am the second back up offer.
Dear Lknato,That is a question that your Realtor should answer for you.

Regards
Roger Kenney
0 votes Share Flag Sun Oct 25, 2009 Home Buying in Raleigh
Erica McClen…, Real Estate Pro in Raleigh, NC
Erica McClenny answered:
Does anyone have any thoughts on the Blount Street Commons redevelopment project in downtown Raleigh?
I know there was some financial troubles there but I haven't looked into all the details. The condo's are showing a special financing through Capital Bank.

FROM MLS Note ... more
0 votes Share Flag Thu Dec 2, 2010 Home Buying in 27604
Mike Jaquish, Real Estate Pro in 27513
Mike Jaquish answered:
I currently make $34,000 a year, have zero debt and excellent credit. I have $10,000 to use toward a downpayment on a house. As I browse homes in
Less expensive.
You take home.... ? $2200/month?
That $190,000 mortgage + Taxes + Insurance will eat half your take home.

But, what you really should do is sit with a lender ASAP ... more
0 votes Share Flag Wed Oct 7, 2009 Home Buying in Raleigh
Mike Jaquish, Real Estate Pro in 27513
Mike Jaquish answered:
What are the property taxes in Raleigh NC?
Dennis

Here is the link to the Wake County Revenue Tax Rate page, with the county and municipality taxes itemized:

http://www.wakegov.com/NR/rdonlyres/AC8EA9E6-C572-4C65-8B15-8AC9 ... more
0 votes Share Flag Mon Sep 14, 2009 Home Buying in Raleigh
Marge Bennett, Real Estate Pro in Fort Myers, FL
Marge Bennett answered:
When reviewing comps, the N. Raleigh home Im looking at seems to be overpriced. How should I proceed if I decide to make an offer?
Ask your agent to show the comps and how you arrived at your price. Try to be fair in valuing th differences ie the pool, etx. If you approach it logically, I think you will have a bett ... more
0 votes Share Flag Thu Sep 10, 2009 Home Buying in Raleigh
Nellie Lytvi…, Real Estate Pro in Raleigh, NC
Nellie Lytvinenko answered:
My husband and I are planning to relo to Raleigh NC. What are the best areas to live. We are city people,
Depends on where you will be working/playing, price range; children- public or private schools?
0 votes Share Flag Mon Sep 7, 2009 Home Buying in 27601
Mike Jaquish, Real Estate Pro in 27513
Mike Jaquish answered:
How is the market for buyers in the $150K - $200K price range.?
Gotonc,
I like that we are getting mixed signals. That is an improvement overa ll bad news.
I like that the stock market is leading the way.

The strength in your plan is that the ... more
0 votes Share Flag Tue Aug 25, 2009 Home Buying in Raleigh
Afripino, Home Buyer in Raleigh, NC
Afripino answered:
In North Carolina, what appliances (if any) automatically convey with a home purchase?
To add detail, the home was never listed, so there was no advertisement for appliances included. This adds to the ambiguity and my confusion on the situation. Thanks!
0 votes Share Flag Thu Mar 27, 2014 Home Buying in Raleigh
Shirley and…, Real Estate Pro in Waynesville, NC
Shirley and Daphne answered:
will i still be a 1st time home buyer I am married but i have been separated for almost 3 years my spouse?
Jamal, it sounds like from what you are saying that you are a first time homeowner. But to be sure, you need to find a good real estate agent in your area who knows the ins and outs of ... more
0 votes Share Flag Tue Sep 29, 2009 Home Buying in Raleigh
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