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Home Buying in Jacksonville : Real Estate Advice

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  • Local Info164
  • Home Buying571
  • Home Selling82
  • Market Conditions32

Activity 816
Sat Nov 11, 2017
Slickster187.vr answered:
Mon Oct 23, 2017
Vivian Laino answered:
QCD fully executed the property is yours, and whatever problems, liens, etc..., QCD does not warranty the title to you alone, and if the HUD is not signed, the closing agent won't be able to clear the title to you. Hire an attorney or go talk to the County Clerk for instructions ... more
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Tue Oct 10, 2017
Ocbrokerann answered:
Its legal in certain states and my company offers it in Southern California on new construction.
The best thing to do is hire a realtor familiar with your area to represent you on a new construction home that is willing to credit you some of their commission.
Even if you do not use a realtor the builder keeps the commission.
... more
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Sun Sep 24, 2017
Louis Tamasi asked:
I was wondering if it's possible to be able to secure an FHA loan with less than 2 years employment in my current job, I literally just started in August and it's a different field…
0 votes 0 Answers Share Flag
Mon Sep 18, 2017
Dwigreen59 answered:
I keep getting notices from lis pendens about homes to buy a home 0 zero down and x amount of money per month is this b s or what
0 votes 23 answers Share Flag
Thu Sep 14, 2017
Laurenharo answered:
If the roof is an A frame with eaves, the water would not reach the foundation. It might be hard to see through the rain in front of the windows. If you don't have a porch in front of the doorways. The rain might get in the door when you open it. ... more
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Sat Sep 9, 2017
Lizzette_reyes717 answered:
If I found an abandon house owner died years a go has no family left, no heirs.
0 votes 8 answers Share Flag
Thu Aug 31, 2017
Peter Alley asked:
I recently found a piece of property and put down a 1% binder that the seller requested. I had the first offer to buy at the asking price. A few hours later, my agent called and asked if…
0 votes 0 Answers Share Flag
Fri Aug 25, 2017
Llmrsrobinsonll answered:
A bit more information:

I am helping my daughter purchase which is why I am hoping to get down payment and closing costs assistance. She is hoping the payments will be no more than $600. She currently has $1,000 for a down payment, but I know with a bigger percentage down, the payments will be lower. I am a first time home buyer. I own my property because it was passed down from my parents. I bought a used car in 2015 for $10,000 and paid it off in July of this year. I checked my credit today on Credit Karma, but nothing showed, just the score. Sorry for the long post, we are headed to the bank tomorrow so just trying to get some last minute advice! Thanks! ... more
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Sun Aug 20, 2017
Ddcuzzin asked:
I keep going from link to link with the ones that work. No explanation as to how to look within an area and price range with pools. wth
0 votes 0 Answers Share Flag
Thu Jul 13, 2017
Jdtanner7171 asked:
Thu Jul 6, 2017
Kathy Burgreen answered:
You can't expedite the closing. If the seller owes money to their lender and doesn't have the cash to pay the lender, how can they sell their home? Either the lender will have to take a loss (no way) or you will have to pay more money (possible) or the seller will need to borrow money from somebody. Until the seller has money to pay their lender, you are not getting the keys.

Best advice: Contact the seller or their realtor and find out about the finances. Ask if the seller is able to borrow money from somebody.
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0 votes 1 answer Share Flag
Sat Jul 1, 2017
Kathy Burgreen answered:
Yes the owner can sell with the tenants still living there. You would be buying this home as an investor - not owner occupied. You will also be required to honor the tenant's lease until the expiration date. You do not have the right to evict the tenant. When the lease expires, then you have the right to either renew the lease at the current market rent or not renew the lease at all. You will need to check your state's laws for landlords.

If you want to buy this home, you will need to find out about financing from lenders. Be aware that owner occupied loans have a clause in the documents that state you cannot rent the home for the first year. This is why you will need a loan for investors.
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0 votes 1 answer Share Flag
Fri Jun 30, 2017
Kathy Burgreen answered:
The first question is have you contacted a lender to get pre approved yet? How do you know what you can afford? Just because you THINK you can afford $175K doesn't mean a lender will give you a loan for $175K. It's possible a lender will only approve you for $150K OR $200K. You don't know until you get pre approved first.

The issue is realtors will ask for a pre approval letter BEFORE you can submit an offer on a home. You need to realize that if you were to submit an offer and that offer is accepted, how embarrassed will you be when you find out a lender will reject you for a loan or lower the amount that you qualify for. Do yourself a huge favor. Save yourself the humiliation and embarrassment and get pre approved first.

Next - as for builders they need to make a profit. They work differently than a homeowner. Homeowners will negotiate because they need to move on (job relocation, retirement, etc.). Builders don't. They are just interested in making a profit because they had to pay vendors, laborers, permits, materials, etc. Builders might negotiate as long as it doesn't affect their bottom line. You need to understand that builders don't care how long that house stays on the market. It can be listed for sale forever. There is no time limit because nobody has to move out. Therefore, if it takes 1 year, 5 years or even 10 years to sell, who cares? As long as the builder gets the listing price - who cares? The builder is probably willing to continue paying property taxes until a buyer comes along to pay that listing price. So at this point, don't get your hopes up that a builder will accept $175K.
... more
0 votes 1 answer Share Flag
Mon Jun 26, 2017
Wgwendolyn7214 asked:
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