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Home Buying in 20120 : Real Estate Advice

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  • Local Info3
  • Home Buying10
  • Home Selling2
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Activity 10
Sun Jun 19, 2016
Jason Brown asked:

I have been receiving property e-mails for Fort Worth, TX, but I am not following that area. Can you help?
0 votes 0 Answers Share Flag
Fri May 6, 2016
Conniemwilliams answered:
We had a contract, that got kicked out due to the fact that the seller says the first buyer found a lender and wanted back in after they asked her to sign a contract release. Before and during this time we were in negotiating. This listing agent assured us that they wouldn't have a problem getting the contract released because the contract had expired and they had no problem returning their Earnest money. The listing agent sent my agent a message telling him not to tell us just yet if we could get the house, she wanted to wait to see if the first buyer loan would be approved. Is this legal? ... more
0 votes 17 answers Share Flag
Fri Mar 25, 2016
Karen Peyton answered:
Ask your agent to investigate whether or not the second HOA (for the pool membership) is optional. If both are mandatory and you purchase the house, you will have to pay. There is no other way. ... more
0 votes 1 answer Share Flag
Fri Apr 26, 2013
Tom Shipe answered:
Lori, I have investment clients that have participated in the section 8 program. One Client went to Family Services so he understood the program completely then purchased the housing best suited for the program. Others have simply purchased a home and then solicited family services for a tenant.

You may wish to start here:

If you would like to speak in more detail please contact me via phone 703-946-4844.

Thanks for your inquiry.

Tom Shipe
Associate Broker
Graduate Real Estate Institute
Long & Foster, Realtors
8227 Old Courthouse Road
Vienna, VA 22182
Licenses, Virginia
Cell: (703) 946-4844
Office: (703) 556-8600
... more
0 votes 6 answers Share Flag
Fri Jun 15, 2012
Tatiana Busch answered:
Sun Jul 11, 2010
Mack McCoy answered:
You know, Erik, I think that most agents - most people, in general - should shy away from "out of the box" thinking until they master what's already inside of the box!

I respect people who have established a successful practice, but most agents don't really know what services can be safely unbundled, and if I were the managing broker, I would be weighing my office's E&O deductible against the income generated by an agent deciding that they were alluvasudden a "consultant."
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0 votes 13 answers Share Flag
Fri Apr 9, 2010
George Creed answered:
Some good answers posted below by my colleagues! I am working with clients in that area; Several foreclosures and they are moving fast + short sales tat are taking awhile + very few regular sales. Agents need to look regularly at the various distressed sale sites. Yes, time is running out on the tax credits so that has increased the urgency on the part of buyers. Also, interest rates are now beginning to tick up - that also creates demand. If you do not have a buyers agent, contact me. ... more
0 votes 8 answers Share Flag
Tue Feb 9, 2010
Kathy Weber answered:
How scary!! I purchased my first how in "huh-hum", 1982!!! Interest rate 18%! Should have just put it on my credit card right!

Anyway, following a legitimate data king (he's been right on for the past 3 years!) - the predications I see and believe in will be that the interest rates rise at least 1%. In our area, predictions are that the housing market prices will drop at least 25% in the next 36 months.

Usually don't believe in all the data "mumbo-jumbo", but when someone's been right, they've been right! CAR's 2009 Housing Market Survey also backs the claim up.

We'll see!
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1 vote 4 answers Share Flag
Mon Feb 8, 2010
Patrick Samson answered:
I think we're in for a long ride. We'll continue to see movement and in some neighborhoods we might even see equity growth. But in most areas, it'll take 4,5, maybe 10 years to dig out of this one :( ... more
0 votes 1 answer Share Flag
Tue Oct 14, 2008
Irina LaMar answered:
I list bank own properties and most of the sales are with 3% downpayment (will most likely increasr to 3.5% after 1/1/2009). Bigger downpayment may be used as a strong argument when multiple offers are submitted. Anyway, if you are serious about buying a foreclosure hire an expert.

All the best!

List with LAMAR - Matching People to Homes
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