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28025 : Real Estate Advice

  • All19
  • Local Info3
  • Home Buying6
  • Home Selling0
  • Market Conditions2

Activity 15
Sun Jan 10, 2016
Victory Property Management answered:
Well, the honest answer is that you should stop down to a local lender and pitch them your story. Different lenders have different requirements - even under FHA.

But, be careful with FHA loans. The low down payment will require that you pay mortgage insurance. Their MI is very high with both an upfront fee that goes on your loan balance and a high rate of monthly insurance. Their APR is also considerably higher than conventional mortgages even though they advertise a low interest rate.

Before paying off your credit cards, make sure you check with the lender and/or a reputable credit repair company. Sometimes having a credit card with a large amount of credit can be a bad thing since they fear you will go out there and max them as soon as you get the loan.
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Fri Nov 21, 2014
Kristen Houston answered:
The answer greatly depends on which lender you choose and the type of financing you will be using. In NC there are several down payment assistance programs that you may qualify for depending upon your particular situation.

One great option for home buyers in our area is USDA rural development loans which do not require a down payment and are only restricted by geographic location.

I wish you luck in your home buying process, and feel free to reach out if you have any questions!
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Thu May 8, 2014
Al DiRusso answered:
In this case it may be best to contact an estate attorney for the best advice. Ask the atty about possibly placing the house into a family trust. That may protect the whole group. Then worry about the lease agreement. ... more
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Mon Jun 24, 2013
Daniel Fisher answered:
Good afternoon, Christina:
If you signed a agency agreement with anyone, you should review it or consult an attorney. If you did not sign anything or if your buyer agency agreement is expired, and you are dissatisfied with the agent you started with, then you should see if you can make things better with them or look for a responsive experienced, full time agent with a background in finance and high customer satisfaction ratings. If you are buying/building a new home you may want to review the below Trulia Real Estate blog. If you appreciate an answer, please give thumbs up. For the most helpful answer, please say thanks with a best answer click. ... more
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Sun Sep 9, 2012
Christian_bengle answered:
are you represented? email me and I will see what I can do christian_bengle@yahoo.com I am a Realtor and Broker in the area
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Sun Sep 9, 2012
Christian_bengle answered:
Thu Oct 20, 2011
Daniel Fisher answered:
The link to a map of the banks in 28025 is below.
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Tue Aug 23, 2011
Daniel Fisher answered:
Hi, again, TicTac.
The FHA PLUS zero down FHA loan that Chris is talking about is similar to some programs offered by the North Carolina Housing Finance Agency (www.NCHFA.org) .
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Sun Aug 21, 2011
Brunimyrtos answered:
I am a first time home buyer, Ideally I would like something in Colorado Springs or Fountain. My yearly income is around 25000 is there any loans that I could get to buy a home? My credit score is around 619. ... more
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Wed Feb 9, 2011
Mark Anthony answered:
Great question, Ann! My initial response is "why are you selling your home"? (what's your motivation, goal, etc.) The absolute first step in moving forward is mapping the entire process of listing your home, getting it sold, packing, moving and finding another place to live.

If you are committed to selling your home, NOW is the best time...Buyers are in the market year round, interest rates are historically low and spring will bring a higher inventory of home...more competition.

i would highly recommend interviewing a few agents to get a comfort level with their knowledge of your LOCAL market, your confidence in their ability and motivation and what the two of you can do together to accomplish your goal.

Please feel free to contact me for a no obligation consultation of your home. We'll discuss, in detail, everything we need to do to get the highest sales price in the shortest amount of time. I'll guide you through the necessary tasks to get your home in marketable condition so that it is "the shiniest apple in the bowl that gets picke first!"

You can find out more about me and my firm by visiting my website www.MarkAnthonyRealtor.com

Good luck!

Mark Anthony
Allen Tate Realtors
"Your Trusted Advisor in Real Estate"
704/796-5195 mobile
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Thu Oct 28, 2010
Sarah Moore answered:
This is a great question, however tax value and market value are not related. The tax value is how much the city/county want to get you to pay them. If they raise the base tax amount people would be upset and this could affect people living in Cabarrus County/Concord etc...If they just raise the tax value of your home, you really can't do anything about it. It is their way of getting money from you.

Market value is how much your house is worth in the real estate market right now. This number comes from recent sales and homes on the market. This is what the appraiser is going to look at when placing a value on your home.

A good example of tax values and homes sales as follows.

I took 6 homes in the same subdivision. All are the exact same floorplan and all built within 1 year of each other. I looked at each tax value and found that each home had big differences in tax values some up to $50,000 different. This is crazy. It depended on who did the tax valuation at that specific time. Now all the homees that I took had sold over the past year. Each of these homes sold for far less than their tax value and all had essentially the same price per square footage sales price give or take a few thousand.

Don't get caught up in market value and tax value, however you will want to know if your tax value is really high as you may wish to find another home that has more reasonable taxes.
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Tue Oct 19, 2010
Bill Eckler answered:
Allison,

Probably the best resource for neighborhood safety concerns is the local police depatrment or the county sheriff's department. They have access to the most current and accurate information and are generally willing to be helpful.

Good luck,

Bill
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Thu Jun 5, 2008
Rodney Green answered:
I have a client who says that all the neighbors are very nice and he dosent know of any safty hazzards in that neighbor hood he likes it.

Thansk Rodney Green
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