Yes. The Realtor for my out-of-state investment property provides me with neighborhood activity along with reports from various websites on property views, showings scheduled and showing feedback reports, and recommendations from the Realtor's co-workers as to what would help sell my home.... more
You can't get an FHA then. If you go through a traditional lender you could see 20% to as high as 30% or even 50%! But if you shop around you should be able to get on the low side of that figure as long as all the other items such as credit check and likely cash flow and appraisal look good.... more
There are many wonderful places. If you would like I can email you some places to look at with descriptions of each area that you might be interested in. Call or email me at your convenience.
Debbie Knowles, GRI
Keller Williams Realty
If you're looking for total seclusion in a nice, wooded setting (Grand Oaks, Spanish Moss, Water Views, etc.) I would say Wadmalaw Island. It is a true gem and hardly anyone takes advantage of it's beauty. You're about 15 minutes away from John's Island, which has a few Shopping Centers that cater to the basic needs.
If you're looking for something with a little more access to "things to do" I would say John's Island or James Island. Both are within close proximity to Folly Beach and have that same LowCountry appeal.
I have created a search for you through my website that has pre-selected James Island, John's Island and Wadmalaw Island between $300k and $400k for your review:
Please contact me if you'd like any additional information!
#1 Rated Dave Ramsey ELP in Charleston
There are some available bank owned properties in that price range close to the beaches. James Island is a good place to start.
Contact me if you are interested in having me represent you. Visit my website- www.johnrichardwilson.com.... more
That should be a fine spot for walking and exploring. As with any city be wise about walking on your own at night, etc but this location is a good one with easy access to restaurants, museums, and more.
Let me know if you interested in seeing any real estate while you are here. I would love to help you in any way I can.
The home appears to still be owned by the same person that has owned it since 2002; however, I heard, through a third party, that the bank has taken it back or will be soon. The bank listed in the tax system is Washngton Mutual, but with their collapse a few years ago it may have been transferred to another bank and not not been recorded properly
I would be happy to search court records and send you any information that I can find in regards to current lender or foreclosure status.
John's Island has several condo complexes that rent 2BR/2BA units starting at $1075/mo (listed in MLS). Check out Twelve Oaks and The Commons at Fenwick Hall. There are also some single family homes that might interest you starting at $1200/mo. If you'd like me to send you some listings by email just let me know. No strings attached :) Thanks for being a teacher!
Keller Williams Realty
Honestly, it can be 5 minutes or 20. It all depends on the day. But most days it's going to be about 5 to 10 b/c Mira Vista is so close to the James Island connector. Sometimes there is a little traffic when you reach the bottom of the connector, but it usually doesn't last long. It's a great location for traveling to downtown on most days. Contact me and we can chat more. firstname.lastname@example.org... more
No knowing any of your financial details--visit with any qualified loan officer(s) see what your budget can handle and check your credit score--their scoring is different--Currently FHA loans do require a minimum credit score of 620 and 3.5% down--there may be lenders willing to work with a lesser score, however the interest rate may be higher. In the meantime continue working on repairing your credit--pay off old debt, pay down debt, dispute old negatives, pay all bills on time, keep credit cards below 50%, etc.... more
Daniel Island has an active retirement community with a ballroom but it also features the golf ammenities. Dell Webb has a great community but I do not believe it has a ballroom. I will look into this for you and provide you with more information. You are welcome to email or call as well.
Christina J. Sison, Realtor
AgentOwned Realty Company
I'll try to tackle your questions, but some parts of your posting are unclear.
Your parents actually had a contract for deed, not a mortgage? If so, that's what they negotiated with the seller. You don't say what the "stupid interest rate" is. However, it's not unusual in a contract for deed situation for the interest rate to be somewhat higher than the going conventional rate.
But whatever they're paying (or, whatever you're paying on their behalf) is what they agreed to. You can get out of that arrangement by fulfilling whatever the terms are for the contract for deed--for example, by refinancing. Otherwise, the agreement stands.
You say that, since paying $2,100 in house payments since January, only $174 was applied to principle. You ask: "Is this legal?" Yes. That's how loan amortization works. Although the payment is flat, virtually everything you pay in the first few years is interest. Gradually, that shifts, so eventually you're paying more in principle than in interest.
You don't provide information on the mortgage amount (or the interest rate), but if the mortgage amount were $117,000 at 6%, 30 years, the principle and interest payments would be just about $700 a month. If you've paid 3 months of payments ($2,100), that'd be $700 a month. With those figures, you'd be paying about $117 a month toward principle. Since you're accumulating less, I'd guess the interest rate is higher.
With a mortgage of $87,000, at 9%, 30 years, your parents would owe about $700 a month. And the amortization on that works out to about $48 a month going to principle in the first few months of the loan. Is that about what the arrangement is? As I say, that's perfectly legal.
You ask: "Is it better to let this family home and 5 acres get taken away or buy another home?" That depends on a lot of factors. How much is the property worth, versus how much do your parents owe. If it's worth $150,000 and they owe $87,000, then it definitely keep it. Even if it's worth less than you or your parents owe, be careful before giving it up. Even with a contract for deed, there could be credit implications. Beyond that, your parents (or you) need to live somewhere.
You need to sit down with someone--a financial advisor, an accountant--and go over all those numbers and see what will work best for you and your parents. It's also possible that you'd be able to renegotiate the terms of the contract for deed with the seller--maybe bring down the interest rate a bit. That'd lower your payments and put more money every month toward principle.
Hope that helps.... more
For the calendar year 2006 Daniel Island had 440 sales with an average sales price of $514,999 and an average of 48 days on the market.
For the calendar year of 2009 Daniel Island had 132 sales with an average price of $516,159 and an average of 233 days on the market.
Let me know if you have any additional questions. Search Daniel Island homes for free at my website http://www.carolinajoe.com... more
The HOA fees ranged according to the size of the unit you are looking to purchase. Anywhere from approximately $240 - $380. Give me a call or send me an email and I can send you some listings to look at if you are interested in some of those properties.
Have a blessed day.
Debbie Knowles Realtor®, GRI
Keller Williams Realty
I am a Certified Foreclosure Agent in the Charleston area. I work the most in the Summerville area and know the neighborhoods very well. I don't work in the Mt. Pleasant area as much but I am familiar enough to help you in that area as well. I work primarily with buyers. If you would like to meet with me and I can show you some places - no strings attached - and you can decide if you would like to work with me on your own.
ERA Harper Realty