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20748 : Real Estate Advice

  • All19
  • Local Info1
  • Home Buying6
  • Home Selling1
  • Market Conditions0

Activity 17
Wed Jul 19, 2017
Sywilliams8215 asked:
Sat Mar 8, 2014
Sam answered:
With 50 percent down and a steady income finding a home and a home loan should not be a problem in spite of any credit issues you might have. Of course, your average loan officer and Realtor will not have a clue about how to get this done so you will have to find someone with the specialized knowledge or intellectual capital needed to put you on the right path.

Good Luck,

Sam
... more
0 votes 3 answers Share Flag
Thu Jan 16, 2014
mrwright1961 answered:
Real Estate Companies in the U.S.A. are dropping Trulia and Zillow faster then Obama's approval rating. They no longer have all the home listing on their websites.
1 vote 2 answers Share Flag
Thu Dec 5, 2013
Akil Walker answered:
Hi Ashley,


We can work on your credit to get you to score to qualify for loan that way you can use 3.5% downpayment and use the rest as your desire.
0 votes 4 answers Share Flag
Sat Aug 17, 2013
Akil Walker answered:
Hello Leslie,

There are normally not available stats on crimes not reported. you can go to the www.goprincegeorgescounty.gov to obtain crime data in any local within the county. I would suggest going thru the neighborhood at various times during the day and night & talk to neighbors to get a good feel of the situation. ... more
0 votes 2 answers Share Flag
Fri Jul 26, 2013
Jonathan Lahey answered:
1 vote 10 answers Share Flag
Mon Oct 22, 2012
Alice Dykeman answered:
A good and steady job history worth more than credit score. Contact your local Realtors and show them what you have.
0 votes 4 answers Share Flag
Thu Jun 21, 2012
Kathy Hutchins answered:
I am a CDPE and have 2 short sale listings now that are people that are current in their mortgages but have a hardship of some sort. I would be glad to discuss your situation with you and advise you on what options are available to you. My number is 301-785-1995. ... more
0 votes 5 answers Share Flag
Fri May 18, 2012
Robert H answered:
Hi Sonia,

As a first-time home buyer myself, do NOT sign an exclusive agreement with any broker unless you both establish the ground rules. The exclusive agreement cuts for the agent not the buyer. If the agent wants to sit on his duff and wait for you to identify property to purchase, he gets paid.I signed an exclusive agreement and other than the listing alerts I received from the agent, he did nothing. We never toured any of the 30 or so properties I identified as 'favorite'. I was prequalified so I sent him my financial packet with the prequalification letter. Nothing would make the agent spring into action. We talked a lot on the telephone and emailed back and forth for over a month, but when the time came to do actual work, he was not available or had scheduling conflicts. After a few weeks, I terminated the agreement. But to think I was bound by an agreement that proscribe my activities as a buyer and none for the agent is very odd and off-balance. If it is possible and I think it is...check out the agent first touring a few properties and only after you are confident that s/he will be responsive and proactive should you sign an exclusive agreement if at all. I have toured with over seven brokers until I found the perfect one. I have spent countless hours going on tours and I am happy to say that I now have a ratified contract and will be closing in the middle of next month. ... more
1 vote 3 answers Share Flag
Sat Apr 14, 2012
Gordon Haraway answered:
Without a dought, use a realtor, do not deal directly with the builder. Back in the day when the market was screamming builder would dictate the market and in some cases did not even want to deal with a buyers agent and insisted you only deal with ... more
0 votes 6 answers Share Flag
Fri Feb 17, 2012
Anna M Brocco answered:
When it comes to any safety/crime related issues, it's always best to contact the local police department with all your questions, hear all there is to hear firsthand. If unfamiliar with the area(s) do revisit more than once and at different times of day, possibly chat with locals/neighbors. Real estate professionals are prohibited from steering, enticing a buyer to purchase, or not, in specific neighborhoods.
http://www.neighborhoodscout.com/
https://www.crimereports.com/
http://www.homefair.com/
... more
0 votes 1 answer Share Flag
Mon May 16, 2011
Mack McCoy answered:
I'm not sure that would qualify as an "investment" . . .
0 votes 4 answers Share Flag
Mon Apr 18, 2011
Gregorio Denny answered:
I know this is an old topic but wanted to bump it because there are sources for credit scores between 600 and 640. FHA still allows refinances up to 97.75% LTV (streamlines to unlimited LTV) and this can be done with a 600 credit score. ... more
0 votes 3 answers Share Flag
Thu Mar 4, 2010
Bill R Wootan answered:
I have an agent on my team that lives in Temple Hills(Born and raised there) -we handle all kinds of "as is" properties now, so it would not anything unusulal for us!

Call me at 301-893-6207-we'll get it sold for you!

Bill Wootan
... more
0 votes 6 answers Share Flag
Sun Sep 20, 2009
Kevin answered:
hi Ashley,

to be honest, considering today's market it is very difficult to get a loan with a bad credit, lenders are avoiding those with credit... You need to have a credit score of 620 to apply for FHA loan and should also meet other required conditions... Well, some lenders can work with you with a low credit score but then they can ask for higher down payment and also higher interest rates... You should work on your credit score and try to build it around 620 so that you can qualify for FHA loan...

Best of luck...
... more
0 votes 6 answers Share Flag
Sun Sep 20, 2009
Lanre Folayan answered:
Hey Lenard. I just spoke to a Mortgage Lender yesterday and she does 500 credit scores. As long as you have at least 3.5% down payment,two years of W-2 and two years of work history,you are fine. If you want her number,please give me a call at your earliest convenience. I can be reached at 202-378-0283. Have a great day. ... more
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