Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Buying in 24073 : Real Estate Advice

  • All13
  • Local Info0
  • Home Buying5
  • Home Selling3
  • Market Conditions0

Activity 5
Thu Jun 9, 2016
Erkysgrl asked:
Sun Apr 6, 2014
Dan Tabit answered:
It's impossible to say without knowing a lot more details, but one thing that may be contributing to your troubles is the USDA loan. These generally don't require a down payment, often take a long time to close and have a questionable reputation to some people.
A cash buyer will always have the upper hand in competition with any loan just because they aren't contingent upon getting final approval.
FHA with 3.5% down may give you a little better shot if you can scape it together, at least those typically can close in 30 to 45 days.
Another issue you're facing is the less expensive the home, the more competition there will be for it. Other first time buyers and investors. There isn't much you can do about this, but it's going to continue to be a factor.
If your lender can provide any assurances with the pre-approval letter that they can close in a timely manner, that may help. Offering the seller anything that they want in the deal can help.
My guess is you'll have to keep on trying until you finally win one. I'm sorry for you struggles but many others are in the same situation.
... more
0 votes 1 answer Share Flag
Wed Nov 21, 2012
David Lane answered:
If you closed your purchase transaction without the seller paying the back taxes, the tax liability is now yours. Tax liens are superior to the deed of trust lien and will survive the closing. ... more
0 votes 3 answers Share Flag
Sat May 2, 2009
Both of the answers you received from agents here are well written and explain in detail many of the aspects and benefits of the tax credit. Kudos to these agents for being so well informed! For further information, I suggest: Go to my website at I have a convenient flyer there that you can download for your viewing, benefit and assistance.
Secondly, get to a professional mortgage lender soon to get assistance and guidance regarding your upcoming purchase. Your lender will be able to pre-qualify you, perhaps the most important step taken in the pre-purchase period. This pre-qualification will assist you in many ways. It will inform you as to your FICO scores, any possible problems that exist on your credit report (always valuable information to have), and give you the value of home you can consider and qualify for. This one procedure will also strengthen any offer you make on a home. Pre-qualification has become almost mandatory as many sellers will not even entertain the offer of a non-pre-qualified buyer.
I would be more than happy to answer any further questions you might have regarding your upcoming purchase and subsequent mortgage needs. Through my company, I am fully capable and licensed to assist you in Virginia and multiple states across the country. Please contact me here at, my website, or email at your convenience if I can be of assistance to you.
Gene Mundt, Professional Mortgage Banker
Chicago Bancorp
... more
0 votes 4 answers Share Flag
Mon Feb 16, 2009
Don James answered:
I have no idea what la la land these real estate people are from,but its certainly not Christiansburg or Blacksburg VA. You will blown away by the overpriced real estate here. You can buy a very nice lake house in NY for the same money. You can expect to pay about 2 times the actual value. but if you travel two hours to the south into NC you can buy new construction with a garage and basement for the same money a 50 year old ranch house costs here. The real question is why is the property so expensive here? The economy is like the land that time forgot , so there really isn't a reason for the overinflated pricing. I do not plan on buying here adding to the the mess. I certainly do not want to live here when it all comes crashing down in the next year. ... more
0 votes 3 answers Share Flag
Search Advice