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28078 : Real Estate Advice

  • All24
  • Local Info2
  • Home Buying11
  • Home Selling1
  • Market Conditions1

Activity 20
Thu Feb 16, 2017
Preddy7100 asked:
I am looking at a few new housing communities in Concord, NC. I have a pre-approval letter from a mortgage broker already. Would hiring a realtor get me a better deal when considering a…
0 votes 0 Answers Share Flag
Wed Apr 20, 2016
LaVita Ieremia asked:
Sun Jul 19, 2015
Michael Crovo answered:
Top right corner, click "my listings"

Your listings will show up, click "edit listing" underneath, should be visable, maybe a little drop down menu, it will say "edit". Look for this around the listing you want to edit. Then once you click you will see the listing profile, there should be areas or lines that you can edit, find what you want to edit and make the correct changes, once you changed scroll all the way down the page, click "save listing", it should update right away, might have to give it a few minutes as well as refresh the page. ... more
1 vote 1 answer Share Flag
Fri Mar 6, 2015
Tom M asked:
Which is legal for the rental amount? The one printed or the one given over the phone which changed the printed amount to a higher amount? Deception was used here to get people to call…
0 votes 0 Answers Share Flag
Fri Mar 6, 2015
Tom M asked:
On trulia, the property located at 13315 Glencreek Lane, 28078 was listed at
$900.00 a month for rent.
On the phone, the real estate agent said it was $1495.00.
Which amount has to…
0 votes 0 Answers Share Flag
Sat Feb 21, 2015
Mike Hege, MRE answered:
Huntersville NC is a great area to live and could see the reason you would want to find out more about this property.

There are a lot of good programs (some local) that you cold work with. Credit score is a factor but there are others as well. If you are still looking around Huntersville, NC, please let me know. I live and service this community.

Thanks & Best of success to you.
... more
0 votes 6 answers Share Flag
Sun Mar 9, 2014
Kirsten Wellborn answered:
Forgood,

Why won't you be able to secure a loan now. If you're starting a new job, and have a year, your job loss should not be an issue.
0 votes 1 answer Share Flag
Sat Feb 1, 2014
Tammy Hayes answered:
I always do, but I found that a lot of Realtors in our area do not. It is frustrating at times because the sellers really do like to have feedback after a showing.

Tammy Hayes, Realtor
Re/Max Palm Realty
tammyhayesre@gmail.com
... more
0 votes 14 answers Share Flag
Fri Oct 25, 2013
Grace answered:
No, this is not the right way. When you are carrying out a residential appraisal for a home, it is necessary to consider the value of the other houses in the same locality. Values of the other homes in the same locality have a great influence and significance when deciding the value of a house that comes under that specific locality. So it is not right, on the part of an appraiser, to exclude considering the value of new homes in your neighborhood.

It will be better if you inquire for services of the reputed residential real estate appraisers in your city, as they can guide and assist you in the most appropriate manner to find out a fair and accurate market value of your desired home. These appraisers have good talent and rich experience in carrying out the valuation of various kinds of residential properties by using effective valuation techniques. Though these reputed appraisers may charge you a bit more, you are sure to get quality service for refinancing your home loan in an appropriate way. So, make a wise decision and hire expert and well-known residential appraisers. Be assured with their services, as they will prevent you from being a victim of several deceptions prevailing in the real estate market.
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0 votes 9 answers Share Flag
Thu Aug 1, 2013
Kay Fisher answered:
That is a great question and I actually have a couple of people in the exact same situation! As I told them, the rental market is HOT and (just like with resales) the ones that look good and are priced well go very quickly. I would recommend signing up for "listing alerts" through an agent's website...we have one on ours...myhuntersvillehome.com and start monitoring the rental market. That way when you are ready next spring, you will have more knowledge about the market from what you have seen online and can make your decision quickly when the time is right. ... more
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Sat Aug 11, 2012
Trevor Curran answered:
Good morning Jenni,

We use the lower score of multiple borrowers when determining eligibility for mortgage financing. We see many credit reports with low credit scores (anything less than 620), and often many scores in the 500's. This is BAD credit. If you are one of the folks affected by this terrible economy, you have a low credit score and you have a dream of buying a home, here's some simple advice for you.


It is unlikely you could be approved for mortgage financing with that credit score at this time.

Beware of any mortgage professionals promising you an approval with such a low score. Wait on buying a home. I recommend you take the time to resolve your credit issues.

First, settle any outstanding debt. If you owe money on collection accounts, charge-offs and/or judgments, make payment arrangements and get these accounts paid promptly.

Next, begin rebuilding your credit. If you have current accounts with good payment histories, or even some previous late-payment-blemishes, make sure you continue to pay those accounts on time. If you do not have any existing credit accounts then you'll need to establish several in order to create a viable credit history.

I have found that CONSUMER ACTION is an excellent resource for objective advice on all things credit related. You'll find free and sincere advice on everything from settling collection accounts to rebuilding credit to building credit from scratch on their website. http://www.consumer-action.org/

Beware of anyone offering to "repair" your credit! The Federal Trade Commission issued a stern warning last year that such offers are scams. Find more from the FTC HERE. http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre13.shtm

The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.

The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.


Trevor Curran
NMLS #40140
... more
0 votes 6 answers Share Flag
Fri Aug 10, 2012
Daniel Fisher answered:
Good afternoon, SMayer.
I suggest you read that Truila blog: "I have bad credit and no savings. Can I get a home or am I stuck renting?" If you meet that criterion, you should be able to get a loan with your current scores. 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
1 vote 3 answers Share Flag
Wed Jun 29, 2011
Nathan Wolf answered:
Huntersville is a great market. The fact is that nearly ALL markets in the entire US are declining markets. It's the level of decline. And the proximity to Lake Norman and other great features of the Town of Huntersville make it a continual favorite for homebuyers. I have never had a client have trouble with financing a home in Huntersville.


____________________________________

If this post answered your questions, GIVE ME A THUMBS UP!
____________________________________
Nate Wolf was recently named a FIVE STAR REALTOR by Charlotte Magazine. He is a top producing real estate sales broker, representing both buyers and sellers. He is a member of the National Association of Realtors, The Charlotte Regional Realtors Association and the Carolina Multiple Listing Services. He is licensed in multiple states and serves all areas of Metro Charlotte from Lake Norman to Lake Wylie and Uptown / Center City to SouthPark and Ballantyne.

http://www.natewolf.com
charlotte mls realtor home listings
http://www.CLThome.com
... more
0 votes 4 answers Share Flag
Wed Jun 29, 2011
Tanya Donaghy answered:
Though I would like to first say that I am in agreement with everyone else here that has pointed out that you and your parents should discuss all of your option with a tax accountant and real estate attorney, I would like to add a couple more things...

Another option that doesn't appear to have previously addressed is for your parents to purchase the property and then lease the property back to you with an option to buy clause. It can be spelled out to show that a portion of any lease payments that you make will be applied to the purchase price. This can be either set up as fixed monthly amount or as a formula that would match the principal to interest ratio that they will be paying monthly on their mortgage.

As for the option of you and your parents both being on the deed and you and your parents or just your parents taking out the loan, there is one thing that I don't believe has been considered here... that is that once your parents transfer their share of the title to you it becomes a taxable event. It could potentiall work, but I would be very careful about this and discuss it at great length with a tax accountant and real estate attorney before entering into this kind of arrangement.

Best of luck to you!
Tanya Donaghy
Solutions Realty
... more
0 votes 14 answers Share Flag
Tue Feb 1, 2011
Compass Real Estate answered:
Kevin,

Realtors now have access to more and more rentals then we had in recent years due to the change in the economy.

I work with many relocating families and single people all over the country who move to charlotte and surrounding area. Email me and I can send you information on rental homes, my testimonials of recent clients served and also about my Rental Program I offer. Please feel to check my profile on trulia and email, call or text me if you have more questions.

Thanks

Brock
... more
0 votes 5 answers Share Flag
Thu Sep 30, 2010
gabriel palotas answered:
Dear Home Buyer,

Rates are indeed lower than they ever were. Make sure that in the mix the closing costs are in line.
When comparing banks it would not be a bad idea to look at credit unions who may meet the challenge and beat out the rest.

A good credit is more than a blessing. It is your reflection of being a conservative and a wise consumer.
Congratulations for being an example to follow.
Gabe
... more
0 votes 6 answers Share Flag
Thu Sep 30, 2010
gabriel palotas answered:
Dear Dub,

Falling in love with a house is dangerous but when emotions take over there goes the pocket book.
It shows though that you are indeed exercising a good judgement and you are evaluating the value before you take a plunge.
The simplest answer is to get an appraisal. It will cost you less than $400 and it will protect you from further guessing. If you need to act quickly you may make your offer contingent upon the house appraising to a described value which you are considering to purchase if it meets that critical criteria.

Falling in love with a house is no mistake if the purpose is enjoyment. We need to spoil ourselves from time.
That gives more purpose for working. What better reason to pay a bit more than to get a lot more satisfaction and joy. That is what loving your house is about. What a nice story wishing you a happy ending.

Good Luck
Gabe
... more
0 votes 18 answers Share Flag
Thu Sep 30, 2010
gabriel palotas answered:
Dear Nathan,

What a bizarre story. I could only match this with a similar incident that happened with me. Just before the closing some of the plants to my new house have been removed by the previous owners. What was I to do?
They did not even deny it . So I considered my alternatives and made the right choice. I closed on it.
Five years later the house was worth double .

Well in your case , the neighbor has some explanation to do and hope of compensating you for the replacement.
Most mature trees are protected by the cities and a permits are required to be removed. I would check and see if they complied. The only legitimate excuse for removal or serious pruning would be if it endangered the roof of the adjoining property or hazardous to the electrical wires. So you do have a legitimate reason to have an explanation but not serious claim not to go forward with the sale. It would be sad to start a war with a neighbor before you move in. Contacting an attorney is always a choice but in this case that would be my last resort. Reasonable people can find solutions and this bizarre tale may be resolved in a friendly manor.
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Fri Oct 24, 2008
Larry Story answered:
Pankaj,
Actually it depends on what your intentions are now for the home. If you intend to rent it out then truthfully it is no longer your primary residence and the mortgage company will want to redo your loan. If you are simply going to allow it to sit vacant (which I do not advise) then you can leave as is. Yes you can do as you state to make it easier on you with exchange rates and all.
You could go ahead and list the home though. You may get a full price offer on it you never know. Just because it is listed does not mean you have to take any offer that comes in. Plus this way your agent will also be keeping an eye on the home.

Hope this helps,
... more
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