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28227 : Real Estate Advice

  • All25
  • Local Info3
  • Home Buying8
  • Home Selling2
  • Market Conditions0

Activity 17
Sat Apr 8, 2017
AMC123 asked:
We are in the Charlotte, NC area and in the process of building a new home, with a local builder (not a custom home). My husband does have some construction background and has found several…
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Wed Aug 31, 2016
Mgparham answered:
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Thu Jun 23, 2016
Karina303132 asked:
Whats my % on buying a house with a 15.000 and a 180 credit score my husband is ilegal we dont have no debt at all
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Wed Jul 29, 2015
Ericka Bennett asked:
could anyone help me with finding a rental. Just me and my daughter I also am with the veterans program so I have a voucher an would like to stay around $850 please help!
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Sat Apr 19, 2014
pvt.bobbyjoe1861 answered:
if you want to buy a home that's financed in the charlotte area you need to check the sellers background before you buy from him or her because there is a lot of cases out there right now with sellers who finance and that's why brokers and realtors have put a stop to it. they are planning to take any property and collect money for the business sells. because many sellers have had cheated a lot of people and just get the money for rent not selling to people and you could be wasting a lot of money for nothing. so check the sellers background with banks and or credit check on seller before you buy from them. its a bad idea to buy from owners who sell because they sometimes can have a criminal background there are a few in charlotte area but be careful who you go to, your best bet is talk to consumer protection they can advice what to do, ... more
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Thu Feb 6, 2014
Terraceunderwood answered:
Wed Dec 18, 2013
Nina Hollander answered:
You can rent it out, but you would need to double-check with your lender as to how the property is categorized--if it's not used as a primary residence it becomes an investment property. You might want to shop around for lenders who might take less of a down payment than 20% on an investment property. ... more
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Mon Oct 21, 2013
Cheri Wickham answered:
Selling your home is a huge deal and you were wise in asking to have an attorney look at it. You did the right thing by asking that the listing contract be terminated.

Cheri Wickham, Broker/Realtor®

951-965-6460 (Cell)
704-238-8505 (Office)
704-288-6876 (Alternate Cell)
eFax: 704-749-2008

1st Choice Properties, Inc.
13663 Providence Rd Suite 233, Weddington, NC 28104
7427 Matthews Mint Hill Rd Suite 105-126, Charlotte, NC 28227

Your Real Estate Expert in
North Carolina, South Carolina & California
... more
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Mon Sep 30, 2013
Daniel Fisher answered:
Good afternoon, Latisha:
I see you are considering Home Buying in 28227. public transportation info for this area can be found at 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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Thu Jul 25, 2013
Mirna Pineda answered:
Somewhere over the rainbow!
First of all, love the name. It may be difficult to get your builder to pay ALL closing costs and pre-paids as it is hard to calculate these to the penny. Many factors come into play,

The closing date (pre-paid interest will change),

Taxes ( as it is new construction, not sure how the lender will determine future taxes) you hope they calculate the future accessed taxes after the home is finished, but sometimes they don't and your escrow is short, but that is another discussion).

So, the much anticipated answer here is: get the builder to pay a % of the purchase price, then as you negotiate up or down the percentage changes which helps you better cover the closing costs associated with the purchase. With todays low interest rate, there is nothing wrong with putting as little down as possible and financing as many costs as you can. :)

Good luck! Mirna
... more
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Thu May 30, 2013
Jon Widdifield answered:
Mon Apr 29, 2013
Daniel Fisher answered:
Good afternoon, Herdoviness:
Below is a link to a Trulia Real Estate Blog that summarizes the basic criteria for getting a loan. If you meet this criteria, you can often get a loan. Some clients relocating to the area have gotten a loan with an employment letter and verification from their employers HR department that they have actually started the job. Some recent college graduates have gotten loans fairly quickly. Clients also got a loan when they were continually employed in the same general field of work for at least two years whose new job was the same type of work. It all depends on the lender. Which one I would recommend depends on your specific situation, how much down payment you have, whether you are a 1st time home buyer, your total income, etc. 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
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Tue Jul 31, 2012
Chris Crawford answered:
email me directly what you're looking for and i can send you a list of available properties.
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Thu Mar 31, 2011
Nathan Wolf answered:
There are programs for Down Payment AND Closing Costs AND YEARLY TAX CREDITS available. Call me if you would like to find out more. 704-858-2345

You could qualify for up to $8000 Down Payment Assistance. Plus $2000 PER YEAR tax credit. Plus Closing Costs. PLUS there is even a matching funds grant of $7500 available. ... more
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Mon Jan 18, 2010
Daniele Summerfield answered:
Good luck Renee, and sorry this didn't work out for you. I'll be in your neck of the woods tomorrow morning in you would like some feedback on your listing.

Daniele Summerfield
Wilkinson & Associates
... more
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Wed Jan 7, 2009
Terry McDonald answered:
It is a mess. I'm a Realtor and former contractor-Builder. The Realtor should not have had his name on it. Period. You should not have accepted a contract and performed work on a home where you didn't have an enforceable contract. Not Ever. Only home owners, or duly authorized agents (with paperwork to prove it) could contract and committ the Home Seller. I'd address your complaint to the Agent and his Broker in Charge, hopefully he works for a bigger firm. Before calling a lawyer...

Write a certified return receipt requested demand letter, with a demand date- a resolution must occur by___ or else
you will:
File A complaint to the real estate commission
An ethics complaint to his local association
And a court case

and then be prepared to compromise. You need to learn from this, because best I can tell you have zero lien rights, and a contract that will cost you money to try and enforce. Your position is not a strong one, but neither is the Agent's. I suspect there is a resolution long before court.

You will be amazed at what a certified letter can accomplish, and send his Broker in Charge one too...

Good luck and do speak to an attorney about contract law-- I'm guessing your contract doens't have a senetence that says, '"In the event of default,... to pay reasonable legal fees."? Without this language, small contracts are frequently unenforceable because of the high cost of litigation.
... more
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