Trulia Community - Advice from neighbors and local experts

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

27703 : Real Estate Advice

  • All24
  • Local Info6
  • Home Buying13
  • Home Selling2
  • Market Conditions1

Activity 22
Ginapyw, Home Buyer in Durham, NC
Sun Aug 16, 2015
Ginapyw answered:
Who can I contact if I want to buy land to built a house on NC?
0 votes 8 answers Share Flag
Caleb Hart, Renter in Orem, UT
Tue Feb 10, 2015
Caleb Hart answered:
I was unaware that the codes were different from state to state. I know that a lot of people ventilate their attics. I guess they're trying to make sure moisture stays out of the inside of the house. Plus, there's a bunch of different types of vents. http://www.slaughter-roofing.com/services/ ... more
0 votes 4 answers Share Flag
Tonnitte Bro…, Real Estate Pro in Research Triangle Park...
Sat Jan 10, 2015
Tonnitte Brown answered:
Generally you send them notice after the grace period is over and give them 10 days to remedy payment plus late fees. I would send it certified mail with receipt so that you have proof. At that point you turn it over to an attorney who will file the necessary paperwork with the court and represent you at the hearing. The court will give the tenant another 7 days to remedy the past due rent, late fees and court cost which must all be paid directly to the court. By this time another months rent will probably be due and the court will often require it to be paid as well. After those 7 days have passed, the attorney can file a writ of eviction with the Sherriff's Dept. which must be served within 5 days and the tenants will be evicted on that day and you are required to be there (or your representative, such as a property manger) to change the locks..
If your tenant still has their possessions in the property on eviction day, they are given 10 days to contact you (or your representative) to enter the property and remove their personal belongings. After that time you can remove any personal belongings and proceed with preparing the property for a new tenant or to sale it.
... more
0 votes 3 answers Share Flag
Allen Hunter, Real Estate Pro in Raleigh, NC
Mon Aug 11, 2014
Allen Hunter answered:
Most two car garages will not fit two cars these days. Most people have SUV's, Trucks, etc... I have not run into people that specifically asked for a three car garage, just one that has higher ceilings and is deeper. With that being said, price point is a factor. ... more
0 votes 14 answers Share Flag
Allen Hunter, Real Estate Pro in Raleigh, NC
Wed Jun 4, 2014
Allen Hunter answered:
Price, Price, Price!! Things have picked up for sure around the area, but price will always sell a home more quickly.
0 votes 6 answers Share Flag
Vivian Olkin, Real Estate Pro in Carrboro, NC
Sun Dec 29, 2013
Vivian Olkin answered:
Clarence,

I just thought of an opportunity I know about that is not yet on the market. 5 condos in Durham at $11,000 each. Need appox $18k-$28k each, all cosmetic. Structure is sound. Does this interest you? If so, please contact me.

Thanks,

Vivian Olkin, aka CrazyViv (not so crazy after all)
vivian@crazyvivhomes.com
919-624-5479
... more
0 votes 3 answers Share Flag
John Goddin, Real Estate Pro in Chapel Hill, NC
Sun Dec 29, 2013
John Goddin answered:
A lot of duplexes, triplexes, quads and small apartment complexes are listed on Triangle MLS. Bigger apartment complexes are generally handled by commercial brokers and appear in data bases like loopnet and TCAR. If you are interested in working with a broker, I would be happy to discuss with you in greater detail and develop a strategy to help you find an appropriate property.

John Goddin
Goddin Real Estate
919-968-2100
... more
0 votes 3 answers Share Flag
Kendall Scov…, Real Estate Pro in Chapel Hill, NC
Tue Nov 19, 2013
Kendall Scoville answered:
If you're not working with an agent, the easiest way is to check who the seller is. When a home is foreclosed upon, the bank takes possession of the house and attempts to sell it. So if a home is in foreclosure, the seller will be the bank itself.

If you have a home you're interested in, I would be happy to look into it for you. You can contact me from my Profile page, or send an email to:

kendall.scoville@allentate.com

Good Luck!
... more
0 votes 4 answers Share Flag
My NC Homes…, Real Estate Pro in Chapel Hill, NC
Fri Sep 20, 2013
My NC Homes Team answered:
No telling how long you may wait, "Short" isn't the operative word in Short Sales but it could easily take a couple of weeks. Your request shouldn't kill the deal but I wouldn't be surprised if the lender didn't counter by refusing to contribute to your closing costs. ... more
0 votes 3 answers Share Flag
Deric Vacca, Real Estate Pro in Franklin, TN
Thu Jul 11, 2013
Deric Vacca answered:
Hi,
Any luck finding a good home? Are you planning on paying cash for the home? With a foreclosure around that price point the home may need some love and it will be touch to get any investor to finance a loan for you. It will just be a home by home situation. Foreclosures sometimes have assest managing companies. Onc of them is home steps. Go to their website www.homesteps.com to find all of the foreclosures they have. Another company is Home Path, www.homepath.com.

Another option for you would be to look into HUD owned homes. You can find their homes at www.hudhomestore.com.

If you have any questions or would like to see anything you find, give me a call! I live in the area. Best of Luck!
... more
0 votes 5 answers Share Flag
Ken Rhoads, Real Estate Pro in Durham, NC
Tue Apr 2, 2013
Ken Rhoads answered:
Mark,

Initial information gathered shows there are two different property owners of nearby parcels one related group owns multiple parcels and has for many years and the other owns a large parcel and acquired this in 2011 presumably for investment / development purposes.

Contact me to discuss your concerns and or goals and I could then research this information further as appropriate or needed.

Thanks

Ken Rhoads
Carolina Realty Group
919-697-0792
kenrhoads@msn.com
... more
0 votes 1 answer Share Flag
David Harris…,  in Durham, NC
Fri Jan 25, 2013
David Harrison answered:
2Lot Available

Price:
$160,000
Lot Size:2
Lot Type:
Commercial/ Other (land)
Description
Commercial Investment property For sale by OWNER . Residential and Commercial lots for sale, on East campus of Duke University, (walking distance)DPAC(Durham Performing Arts Center)American Tobacco,Durham Bulls Games, NC of School of Math and Science,9th St.. Eno River.
Small Commercial Business lot, 3 story building possible and Large Residential Duplex !
__________________________________________________________________________________________________________________________________________
One of Durham's oldest neighborhoods, Trinity Park is centrally located between Durham's central business district and Duke University's East Campus. Within a 40 square block of tree-lined streets and avenues, Trinity Park is filled with historic homes and buildings from the late-19th and early 20th centuries, which has earned the neighborhood a place on the National Register of Historic Districts. The distinctive architecture contained throughout Trinity Park makes the neighborhood a jewel within the city of Durham.

Corner of Buchanan Blvd. and Club Blvd. Across from North Gate Mall. Residential lot that is ready for Duplex and next door is Commercial lot ready for new 3 story building (skinny and long) footprint. Can walk to Duke's East Campus and 9th st.
... more
0 votes 6 answers Share Flag
allan erps,A…, Real Estate Pro in Pearl River, NY
Thu May 17, 2012
allan erps,ABR,SFR answered:
Agnes Tabor, Real Estate Pro in Naples, FL
Tue Mar 29, 2011
Agnes Tabor answered:
Dear Toni,

My buyers generally shy away from vibrant colors when they are viewing properties. Vibrant colors take your focus off the rooms that you are looking at

My buyers do however, appreciate a little depth in color.

As a seller please take this into consideration, you have now decided to sell so if painting is your next step, visit some Open houses, both to see different color effects and to listen to buyers who are viewing the home.

Agnes Tabor, REALTOR
Naples, Florida
239 564-0384
agnes@agnestabor.com
... more
0 votes 10 answers Share Flag
Reginold Jon…, Real Estate Pro in Cary, NC
Tue Jan 19, 2010
Reginold Jones answered:
Well, its hard to clearly explain chaos!!!! Banks do a TERRIBLE job of selling homes and that is why it may take months for a short sale to go through. There is so much stuff going on behind the scene with trustees, banks and attorneys that it can confuse anyone who dares to try to comprehend. Also, when these short sales are listed, sometimes, the agent involved does not have the knowledge or expertise to handle the transaction. This can directly impact your agent's ability to get clear and useful information to pass on to you. I have seen where agents have listed property well below market value and that price has not even been discussed with the bank yet!! Considering that you are not in a rush, I would not concentrate too much on the messy bankruptcy or taxes because you cannot control or impact that part of the transaction. At the end of the day, the seller, (whoever that ends up to be!!) has to be able to convey a fee simple marketable (clear) title, that is insurable. Insurable means that a title company provide insurance that will protect the purchaser (you) from any subsequent claims against the home. In other words, the seller has to clear all of those taxes and deal with the bankruptcy court. As far as you pitfalls, either the bank, trustee and bankruptcy court can all come to an agreement and you can buy the home or they do not come to an agreement, foreclose on the home and your offer is null and void. You will probably see it come back on the market as a foreclosed property and you will have a FAR easier time purchasing the home. Just for future reference, when looking at short sale listings, have your agent research if the sales price has been preapproved or not. Also, try to have your agent determine the level of experience the listing agent has with short sales. This will have a great impact on how smooth the transaction will go for all parties involved.


I wish you all the best
... more
0 votes 2 answers Share Flag
Durham, Home Buyer in Durham, NC
Fri Nov 6, 2009
Durham asked:
Does any one know what is the process to evict a tenant in Durham County.

1. How do I start the process ?

2. I assume this is a claim in smart court, what is the address for the smart…
0 votes 0 Answers Share Flag
Michael Colv…, Real Estate Pro in
Tue Aug 11, 2009
Michael Colvin answered:
Hi Durham home buyer
There is not a single link that list's all bank owned properties, if you provide some wants and needs I would be happy to set up a couple of searches for you.
Michael ... more
0 votes 2 answers Share Flag
Tonya Snow-S…, Real Estate Pro in Durham, NC
Thu Feb 5, 2009
Tonya Snow-Saleeby answered:
Are you the landlord? Do you have a contract with the renter and verbal? How long has it been since they last paid rent? You can attempt to collect through Small Claims Court, but I would suggest contacting the courts and ask what is the proper steps. The amount must be less than $5,000.

You could also contact a collection agency, but do find out what the cost will be for you. I would suggest google search for collection agency in Durham.....many were listed.

Good luck!!
... more
0 votes 1 answer Share Flag
Len Montgome…, Real Estate Pro in High Point, NC
Tue Nov 4, 2008
Len Montgomery answered:
I certainly can't give legal advice as I am not an attorney. With that said, it is my understanding that once a lease ends and you move to a month to month, the 6 month lease is now obsolete and has no bearing. Consult an attorney if you feel you need to. I would definitely document all moves going forward (i.e. conversations, video or photograph your walk through, etc...). ... more
0 votes 4 answers Share Flag
Larry Story, Real Estate Pro in Greensboro, NC
Mon Aug 25, 2008
Larry Story answered:
Durham it could be several reasons, A) depending on if this is the primary lender or the second lien holder. If there are two liens (loans) on the property say a mortgage and an equity line then when the home goes into foreclosure the second lien holder (the equity line) gets first shot at buying the home. Not many do but, they are out all of their money if they do not because at foreclosure the primary gets the home.
1) when the bank "takes a loss" on a short sale or such the former owner of the home gets a Fed tax form at the end of the year called a 1099. Say if there was a 20K difference then the homeowner will get a 20K 1099 telling them they have to claim that as income on their taxes.
2) banks are not in the real estate business so depending on the bank and how deep a pockets they have and how long they are willing to sit on a property they want to sell it. Even if it means at a loss. That money is doing them no good tied up in a house.
... more
0 votes 6 answers Share Flag
1 2
Search Advice
Search

Followers

222