Most Real Estate website show homes that are listed. This means that the seller has hired a real estate agent to list their home in the Multiple Listing Service (MLS). The Auction website, on the other hand, shows homes that are "scheduled" for public auction. I say scheduled because many of the sales are postponed on the day of the auction.... more
Generally, you should be eligible for a mortgage 2 years after a short sale. You'll want to check with a lender for the specifics and requirements. Next, if you want to buy the house you are renting - the owner will have to A. "want" to sell it, and B. "be able" to sell it. If there is a sizable loan outstanding on the property, the owner may be renting it out because he/she can't sell it for enough to satisfy the remaining balance.
Regardless of if you convince the owner to sell you the property you are renting, you'd still have to qualify for and obtain the financing (unless the owner will finance you) to ultimately pay for it. Hope that helps!... more
If that's what you want, then at the beginning of the lease term and within the Lease you should spell out the terms under which you would buy and the seller will sell. "Lease-Option". This way you set the price and terms now and there will be no question later.
Good Luck !... more
Do you mean move-in condition foreclosures? Many foreclosures have been refreshed by the bank or corporation with new carpet and paint. Especially HUD homes, available at www.homepath.com or from your agent. The downside is with such low inventory, these homes sell very quickly, usually just a few days.... more
The person you should be asking is a local and trusted loan ofiicer who can look at your credit and financials to see what programs you quailfy for. They then can outline what you will need to put down in order to reach your goal.... more
Here is some information about crimes in the area, http://www.trulia.com/real_estate/Martinsville-Virginia/community-info/
Please let me know if you have any other questions, I am happy to be a resource!
Ali, Community Manager... more
In terms of safety, vandalism and crime, you should check with the local police department. As for bar on the windows, make sure they have "quick-release" mechanisms on every window so that they can be opened for escape in the event of a fire.... more
The difference between those two premiums is probably very little per year. I would opt for the higher amount, just to be safe. The best way to compare insurance costs is to ask each to tell you what they would charge for the same coverage....for instance ask AAA what they would charge you for $205,000. Also, don't forget that the insurance company who gives you your auto policy will offer a discount for an additional policy. So ask about those discounts too.