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28027 : Real Estate Advice

  • All35
  • Local Info9
  • Home Buying10
  • Home Selling5
  • Market Conditions0

Activity 23
Sat Dec 3, 2016
Juanita Mitchell answered:
South Charlotte or Uptown seems to be a favorite of single people of all ages who do not mind paying ridiculous prices for starkly ugly apartments.
0 votes 2 answers Share Flag
Tue Jun 14, 2016
Scott Godzyk answered:
Only licensed agents can post or edit listings on Trulia.
0 votes 2 answers Share Flag
Wed May 27, 2015
Stacey Fitch answered:
If you are working with an agent, they should be able to provide you with the sources to look up information that is important to you.
0 votes 1 answer Share Flag
Thu May 8, 2014
Al DiRusso answered:
It is truly all about exposure. Have her interview agents. She should ask the agent what they will do to help her market the property. If an agent is only going to take a few photos with the phone or digital camera, put the listing in MLS and walk away that's not the agent she needs. They should come to the interview armed with a marketing plan and materials. ... more
0 votes 16 answers Share Flag
Thu Jan 2, 2014
Sabrina Wilkinson answered:
This sounds like a very simple way to sell your home quickly, however, if you are willing to owner finance, you should have no problem finding a buyer using the traditional, listing and selling process, plus a very good real estate lawyer to represent you!
Most likely, you will NOT receive payment in full at the time of closing like you usually do in a typical real estate closing . This will be a BIG question for you to ask before you proceed. If you don't receive full payment and can't payoff an existing mortgage, you may not qualify for an additional mortgage loan to purchase another home for yourself.
On the other hand, if you want earn interest, like the banks do when they give you a mortgage, this could yield a terrific return on your investment.
I don't know the terms and conditions Metrolina Lease Purchase LLC is offering. Know all the details AND consult a lawyer before signing anything with anyone, in this or any other real estate transaction.
Summary of my opinion: This could be a great option if you do not need a lump sum payout at closing.
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0 votes 1 answer Share Flag
Fri Aug 23, 2013
Cheryl Powell answered:
Congratulations Kay! I hope everything goes smoothly and that you close in September as expected.
0 votes 8 answers Share Flag
Wed Jul 24, 2013
Richard Potts answered:
Every property will sell and price is driving force. I always suggest an educated range to home owners. If they want or need to move quickly, they must list at the low end; If they are in no hurry, then they can list at the high end. Even a house in a "no so good" location or in need of lots of rehabbing will sell if the price is right. I'm betting you have it over priced for location and condition, and switching agents will probably not have any affect. As a favor to your current agent, don't switch and lower the price; give them the opportunity to sell it at the lower price. How badly do you want or need to sell? Discuss with your agent what that lower price should be based on your current situation and move forward. ... more
0 votes 13 answers Share Flag
Mon Jun 24, 2013
Daniel Fisher answered:
Good afternoonk, Christina:
You might want to review the Trulia Real Estate Blog "I have bad credit and no savings. Can I get a home or am I stuck renting?" If you meet the criteria there, you should be able to get a loan. If you have a full time agent with a Masters degree in Planning with Finance and over two decades of experience, working for you, you will likely do better in negotiations. I'd be pleased to provide that service. If you appreciate this answer, please give it a thumbs up, or if this was the most helpful answer, please say thanks with a best answer click. ... more
0 votes 3 answers Share Flag
Fri May 17, 2013
Cheryl Powell answered:
Hello, The new construction market is HOT right now and most builders aren't negotiating at all on to-be-built homes. Some builders will negotiate a little on inventory homes, but there just isn't 30% negotiation room built into the price of these homes. The average sales price in the entire Charlotte MLS area is less than 5% lower than the list price. A builder sales representative probably wouldn't even write an offer of $240,000 on a house listed at $340,000, because it is just not reasonable. I would recommend looking at homes closer to your maximum price point, because low ball offers just aren't being accepted anymore. I'd be happy to help you find nice communities in the Cox Mill school district that are within your price range. If I can help in any way contact me anytime. Best Regards. ... more
1 vote 10 answers Share Flag
Fri May 17, 2013
Cheryl Powell answered:
Hello Christina, Please be VERY cautious when considering a "Rent to Own" property. I've heard many horror stories from people who decided to "rent to own". They invested a lot of money and ended up with nothing to show for it. I highly recommend that buyers rent until they can qualify for a mortgage, instead of entering into a "rent to own" agreement.

Lease with Option to Purchase is a little different than "rent to own", in this case an attorney draws up the Lease with Option to Purchase agreement once you find a property, the Offer to Purchase and Contract would also be prepared & signed at that time. You can use a Realtor to locate potential Lease with Option to Purchase properties or find a property yourself. An "option fee" would be paid directly to the property owner, which would be credited toward the purchase of the property at closing, but is typically non-refundable if you don't purchase the property. Under a Lease with Option to Purchase agreement, you would rent a property for a specific amount of time, then at or before the end of the lease term you can exercise your "option to purchase" the property. If you decide not to purchase the property you would move out at the end of the lease or renegotiate terms with the owner.

If you have any questions or would like more information contact me anytime.
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0 votes 4 answers Share Flag
Mon Jan 7, 2013
Heather Hopkinson answered:
Hi Colleen
Well, I can tell you that if your home has been on and off the market for 3 years and you still have no offers, then NO your house is NOT priced to sell. Of the homes in and around your price range and area, how many of the showings that are happening weekly are you capturing (this is something your agent should be telling you)? There are MANY factors that will determine your homes list price if you want to sell, and all of these factors should have been discussed with you by your agent. Price is VERY important, but there are other factors. How does your home show? How does it show in person verse the pictures? How well is your home marketed online? How many people are viewing your home online and never coming to see it? Are you in a neighborhood still selling new construction homes? How is your lot compared to the competition? All of these factors (and others) are also VERY important to determining the best price to get your home SOLD.

If you would like an HONEST analysis of your home, I would be happy to help. I am known for not giving any fluff and telling it like it is, so if you want my professional opinion, feel free to give me a call (704.562.2071). Check out my reviews and profile online, and if you feel I would be a fit to help, I am here. I am never too busy to help, but always to busy to bother you!

Best of luck with your goals to move back up north!
Heather Hopkinson
RE/MAX Executive Realty
704.562.2071
www.HeatherHopkinson.com
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0 votes 9 answers Share Flag
Sun Oct 2, 2011
Gary answered:
I have a house that is 3 bedroom, 1.5 baths going for 675/mo. Call me at 704-342-3409 for more details. My name is Gary.
0 votes 4 answers Share Flag
Sat May 14, 2011
Daniel Fisher answered:
While I strongly recommend that you contact a lender to find out what they are willing to do for you to allow you to be a buyer. Here are some rental sites that might help.
http://www.socialserve.com/tenant/NC/index.html
http://www.move.com/
http://www.rentals.com/
http://www.rentalsincharlotte.com/

If you have a full time agent with a Masters degree in Planning with Finance and over two decades of experience, working for you, you will likely do better in negotiations. I'd be pleased to provide that service. ...and if you like this answer, please give it a "thumbs up".
... more
0 votes 1 answer Share Flag
Sat May 14, 2011
Daniel Fisher answered:
Hi, Sandra:
Not sure what you are interested in. There are about 4 dozen homes currently offered for sale as lease purchase, owner financing, or personal financing, in Concord (and Cabarrus Co). http://tempo.carolinamls.com/Pub/EmailView.asp?r=221853621&s=CML&t=CML

If you have a full time agent with a Masters degree in Planning with Finance and over two decades of experience, working for you, you will likely do better in negotiations. I'd be pleased to provide that service. ...and if you like this answer, please give it a "thumbs up". If you need more info, just ask :)
... more
0 votes 2 answers Share Flag
Thu Dec 9, 2010
Beth Blevins answered:
Got a price range in mind? There are plenty to choose from and several resources to pull from in order to get the quality you have in mind. You just have to know where to look. You can contact me for a list at Beth@BlevinsHomesandLand.com. Happy to help. ... more
0 votes 8 answers Share Flag
Thu Dec 9, 2010
Beth Blevins answered:
Wow, I'm wondering how the lender also let this slip by? Some local attorneys will allow you to bring a personal check to closing for any monies you owe at closing, for the buyer primarily. Over that, it's always certified funds so that the money is fully collected prior to recording the deed. If you are a seller bringing money to closing, and that is much more common today, your agent should have been all over where the funds were coming from in order to transfer the deed. And as a buyers agent, I would want to know if the seller needs to bring funds to closing, and have they been verified? Tough situation to have to handle at the last minute - get your agent to problem solve with you. Good luck. ... more
0 votes 6 answers Share Flag
Sun Jun 27, 2010
Tony Orefice answered:
Dear Scarlett,

Give me a call or drop me an email. Let me know what your search criteria is and I will be happy to help you find a rental home in the Cox Mill HS area. I happen to own a home there as well.

Thank you,

Tony Orefice
980-254-7263
... more
0 votes 2 answers Share Flag
Tue Feb 23, 2010
Tony Orefice answered:
Hi CRichard,
You need to speak with a Buyer's agent. He can do a Comparable Market Analysis to tell you how much other similar homes have gone for. I'd be happy to help you with this.

Tony Orefice
Broker/Realtor
Wilkinson & Associates
980-254-7263
... more
0 votes 4 answers Share Flag
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