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Home Buying in 01970 : Real Estate Advice

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  • Local Info0
  • Home Buying14
  • Home Selling4
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Activity 14
Matt Chilton, Real Estate Pro in Cornelius, NC
Sun Dec 4, 2016
Matt Chilton answered:
Most agents that are willing to rebate 50% of their income, are probably not the best agents. Of course if you prefer minor league better than pro, have at it.
0 votes 12 answers Share Flag
Woodward.cra…, Home Buyer in New York, NY
Fri Oct 2, 2015
Woodward.craig.fsw answered:
I believe that the original asbestos cement siding was the best siding product ever produced (although I don't know if brands varied in quality or not...). I also believe that part of the false scare of this product possibly damaging health was a clever way to get homeowners to remove it.... the reason being that it lasts Forever.

My 1870's home first stood with vertical board and batten, later covered with a brown brick pattern asphalt siding. Asbestos cement siding was added probably in the 40's or 50's. The original color appears to be a shade of ivory; followed by a bright mint green; then by a coat of clay-color (taupe, more or less) paint that I added in 1990. The mint green had no peeling or damage, only a few areas where the paint seemed to be wearing off. The now 25 yr old clay color is also free of any chipping or peeling, but has faded some over the years. The only prep for the next paint job will be to wash the siding with a hose, and start painting when it is dry.

I got mighty tired of all the OMG's back in those days: Health hazard!! House un-salable!! Don't go near!! At least it has quieted down some. I think most people who have authentic old fiber cement siding appreciate it durability. Not to be confused with Masonite siding (made from wood fiber and chips) - which would rot and soak up water after a number of years...

In fiber cement , the fiber is encapsulated in cement and the siding subsequently painted, so unless you are grinding it up and breathing the dust, the entire fear factor was, and is, ridiculous.

Fiberglass is a bad thing to breathe in, too, and yet we freely purchase loose batts of it and wear thin dust masks. No over the top warnings, even if there should be. Just sayin'....

Want to bet that the new fiber cement siding is definitely not as good as the old? Some or all of it has Wood Particles in the mix. Why? Because it deteriorates. It won't last forever like the old fiber cement because it is designed not to. Ok - my speech is over...(ha).
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1 vote 25 answers Share Flag
Caleb Hart, Renter in Orem, UT
Wed Apr 8, 2015
Caleb Hart answered:
Any item is only worth what a buyer is willing to pay for it. We don't know very much about the buyers in your area and what they are looking for when it comes to siding. I would talk to some real estate agents and ask what they have seen buyers become attracted to. Then you will have your answer. http://www.homesteadroofing.com/siding.html ... more
0 votes 7 answers Share Flag
Ruth and Per…, Real Estate Pro in Los Gatos, CA
Thu Nov 13, 2014
Ruth and Perry Mistry answered:
Hi Dakittylvr

Great question and sorry to hear of your problems.

Clearly, you are claiming mis representation, who represented you an Attorney or
an Agent.

Did you buy or make an offer with the listing agent ?

Did you sign documents, what did the documents say ?

Its not clear.

Start with the Mount Juliet, TN, housing authority and local Real Estate board,

after that engage a lawyer and get it done correctly.

Good luck
... more
0 votes 5 answers Share Flag
Connie Mitch…, Real Estate Pro in South Padre Island, TX
Thu Nov 13, 2014
Connie Mitchell answered:
Locate the local board of realtors in the area as well as the state board where they are licensed. Call and mail in written complaint. This is unacceptable and this broker should be held accountable for his/her actions! ... more
0 votes 2 answers Share Flag
Dan Tabit, Real Estate Pro in Issaquah, WA
Fri May 9, 2014
Dan Tabit answered:
Lady,
As a buyer, you won't have much luck unless the seller is willing. If they are, it's up to them to contact the bank, an agent and get the property listed. You can't skip this step or the bank will consider you a "non arms length buyer".
If the home is listed on the local MLS for a reasonable price, based on the comparables in the area, you can offer what you want to and if your offer is accepted buy the seller it will be negotiated with the bank for approval The bank has no obligation to accept your offer. They can foreclose, counter for a higher price or accept another offer. The process will take 3 to 9 months on average with some exceptions at both ends.
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0 votes 3 answers Share Flag
Louis  Wolfs…, Real Estate Pro in Needham, MA
Thu Aug 29, 2013
Louis Wolfson answered:
I believe this site may answer any of your questions

http://en.wikipedia.org/wiki/Asbestos

Good luck.
0 votes 3 answers Share Flag
Jim Armstrong, Real Estate Pro in Salem, MA
Thu Apr 25, 2013
Jim Armstrong answered:
First the disclaimer: This is not tax advice, but just my personal knowledge that I am giving. Please consult your tax adviser for more information.

Not that the legal stuff is out of the way - A person is exempt from paying capital gain taxes on the first $250,000 ($500,000 for a couple filing jointly) gain (or profit) made on a property that was their primary residence (you must have lived in it) for at least 2 of the last 5 years. You cannot have taken the exemption in the previous 2 years on any other property.

That is the simple answer. There are more qualifications, but talk with a tax adviser or accountant, or visit the web address below.

Jim Armstrong
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0 votes 2 answers Share Flag
Christine Mo…, Real Estate Pro in Wilbraham, MA
Mon Jan 23, 2012
Christine Moran Realtor & Notary answered:
You have would to call the schhol district. I have heard of drug free and gun free.
0 votes 1 answer Share Flag
Barry Little,  in Massachusetts
Thu Mar 24, 2011
Barry Little answered:
Ikgmuller,

We can help you with the purchase and close on your home for May
With a minimum middle credit score of 620 for all borrowers involved with FHA financing.

I live and work locally in Massachusetts, You can reach me direct at 508-733-4858
Thank you
Barry
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0 votes 3 answers Share Flag
Michael Giles, Real Estate Pro in Beverly, MA
Wed Sep 2, 2009
Michael Giles answered:
Hi,
I believe if the commercial space is more than 30% of the square footage, you can have problems with financing. I will check with a couple of lenders later today to see what options you have. Have you asked the other owners what type of mortgage they were able to use? --Mike ... more
0 votes 3 answers Share Flag
Christopher…, Real Estate Pro in Woburn, MA
Fri Aug 28, 2009
Christopher Lawton answered:
Most times when both offers are similar but lower than what the owners wants they simply have their realtor state that they want both offfers re-considered and then re-submitted!

No illegal, they are just giving you another change to redo your offer since there is a new one!

Buyer may need to sell for a certain price!
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0 votes 13 answers Share Flag
Greer Swiston, Real Estate Pro in Newton, MA
Thu Apr 23, 2009
Greer Swiston answered:
I will be one of the presenters at MIT this evening in a program specifically addressing the concerns of recent college grads. It's called "Backpack to Briefcase" http://alum.mit.edu/students/GraduatingStudents/Backpack_to_Briefcase.jsp

Perhaps you'd like to drop by. It starts at 5:30p at the MIT Student Center.

That said, I agree with Elaine ... you shouldn't be worried about your credit score, it's very credible. However, it never hurts to have a better score and it's always great to know what you are doing and what you might do and how it affects your credit score.

You would need a pre-approval letter before going house hunting anyway, and many mortgage consultant/advisors can better help you with your specific situation. I'd be happy to recommend a couple if you'd like. greer.swiston@commonmoves.com (781) 304-1048

Good luck!
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0 votes 4 answers Share Flag
Kayte Malik,  in Charlotte, NC
Wed Aug 29, 2007
Kayte Malik answered:
1. Sit down with a mortgage broker as soon as possible - the market going through a lot of changes right now so it would be a good idea to understand fully the financing portion of buying a home.

2. Find a Realtor/Buyer's Agent you can trust and will work for you - **A buyer's agent does not cost you anything, their commission is paid by the seller.

With regards to both Mortgage people and Realtors - ask your friends, co-workers, peers, and family for recommendations and referrals. You need to find someone you trust and will work for you to get the job done.

These website should help as well:
http://homebuying.about.com
http://homebuying.about.com/od/buyingahome/bb/shopping1sttime.htm
http://www.smartmoney.com/consumer/index.cfm?Story=20020531
... more
0 votes 12 answers Share Flag
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