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28216 : Real Estate Advice

  • All13
  • Local Info1
  • Home Buying4
  • Home Selling2
  • Market Conditions1

Activity 9
Mon Apr 3, 2017
Pbcopley asked:
Sat Oct 15, 2016
4chasenava asked:
Tue Oct 20, 2015
UpNest Top Realtors answered:

You would have to pay for what's called a flat fee listing service for your home to be on Trulia. You can easily post on Zillow, though.

We created UpNest ( to help home sellers get the best value possible. All you have to do is submit a few details about your home, and we'll invite several top local agents to submit proposals to you.

Since agents are competing to earn your listing, they bring out their best commission rates and value added services, saving you a lot of money. There's no risk to try us out at all, and it's completely free for you.

Good luck!
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Sun Jul 28, 2013
Roy Bush answered:
CFS Mortgage,, has a flexible loan program. They allow a mortgage after a foreclosure, short sale, or chapter 7 bankruptcy. There is only a six month waiting period. This is perfect for individuals looking to become homeowners again. ... more
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Tue Jun 4, 2013
Kawain Payne answered:
HUD has their properties appraised prior to putting them on market. They rarely take less than list price.

If you want to win this bid you will need to submit your best offer. HUD will take the offer that nets them the most money.

When you bid , you will have to factor in escrow fees (if you are asking HUD to pay part of your fees)
and your agent's commission.

Remember HUD sales are like silent auctions....the price (the property) will go to the highest bidder.

Much Success to You!!!

Kawain Payne Realtor
Prudential California Realty
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Sat May 11, 2013
My NC Homes Team answered:
I would suggest extending your diligence period until all repairs are made so that you can confirm they been done to your satisfaction. If the vandalism occurred after you had the home inspected I would request that the seller pay for a re-inspection.

You should be directing all of your questions to your buyer broker (I hope you have one and are not permitting the listing agent to be a dual agent)

If the seller doesn't agree to extend the diligence period then my advice is to terminate the offer immediately and get your earnest money returned. The date diligence ends is listed on the 2nd page of your Offer to Purchase and Contract near the bottom. Diligence expires at 5PM on the date listed.
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Fri Sep 5, 2008
Alan May answered:
It sounds like the inspector did a poor job of explaining things to you, and you did a poor job of asking questions.

When the inspector said the window was foggy... did you ask the inspector, or the agent what that meant?
The same with the moisture content of the crawl... a simple question like "should I be worried about that" to the inspector would have been appropriate.

As a dual agent, your agent was not capable of pushing you in a direction to ask those questions... rather she was an agent working to keep the deal moving forward (therefore no longer working for you or the seller, but for herself... and she should have done a better job of explaining that situation to you...)
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Sat Oct 27, 2007
Lexie Longstreet answered:
Investment property is great in Charlotte. But .... please be sure you know what you are buying. We have lots of neighborhoods and in some areas the neighborhoods change block by block. If you buy a newer constructed home in the "burbs" you might get cash flow rents but see very little appreciation over the years. In some "intown" neighborhoods you may loose money every month on the rent, but you can see 20% appreciation. On a $100,000 house you might make $20,000 in just a year for your monthly $200 loss.

Charlotte has some duplexes. They are not as common as in areas up North. We don't usually have duplexes selling to home buyers who want the second side as an income stream. In Charlotte duplexes usually only sell to investors. So they do not appreciate as quickly as single family homes. However they are good rentals because if one side is vacant you do have some income from the other side.

You also will want to consider your potential tenants. Who does your home appeal to? Will it be a family home with 4 kids and two dogs, or a single professional who works uptown but parties every night? What will the repairs on the home entail?

I suggest you get an experienced real estate to work with you in your investment property search. If you do not live in Charlotte or are not familiar with the neighborhoods you can save yourself much pain and gain much profit by teaming with a real estate expert.
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Thu Oct 25, 2007
Teresa Quinan answered:
Hi Mike,

Lincoln Heights is in Statesville, which is in Iredell county. The average sales price of single family homes in the last six months is $55,831, with an average of 130 days on market and sales averaging 87% of list price. My company has an office in this area and I would be happy to put you in touch with an agent who knows the market in this area. You can look up my contact information on my website ... more
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