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30312 : Real Estate Advice

  • All19
  • Local Info5
  • Home Buying4
  • Home Selling3
  • Market Conditions0

Activity 16
Thu Feb 25, 2016
Tereat asked:
I want to buy 2 separate condo units. This will be my 1st purchase, therefore I am able to use the 1st time homebuyers loan. I want to combine 2 units to make 1 larger unit. The purchase…
0 votes 0 Answers Share Flag
Wed Jul 23, 2014
Sharon answered:
Is this vinyl siding or fiber cement? What kind of defects do you have?
Usually vinyl siding is "defect-less" and problems come for band installation, such as siding being nails too tight to the wall. This is easy to detect - you will see warping / bubbling in the siding.

As for cost to replace, this may help you - http://www.sidingcalculator.com

Repair costs are different and depend on extent of damage, size of the job, materials, difficulty of access, and other factors.
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4 votes 8 answers Share Flag
Wed Feb 20, 2013
William Polack answered:
Fannie Mae will make exceptions to people on total disability in allowing a short sale. You'll have to wait 2 to 3 years to buy again though. Here are some other options:

Lease purchase the house to the current renter and have them pick up the full amount. You'll want to have the buyer open a trust in his/her name and transfer title to the trust naming the buyer as the beneficiary of the trust. This will ensure the buyer gets a tax write off. Then, have the payments made to a 3rd party company. You will be on the loan for 12 months after which the buyer will then refinance the property (after credit is cleaned up) and remove you from the loan. They will then take the house from you. No short sale, no foreclosure, no closings etc. I know someone well versed in this process that I can refer you to.

Deed in lieu of foreclosure. Contact the bank and ask them to take the title back. Not an easy process.
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Mon Jan 14, 2013
Jeffrey S Spatz answered:
Just to jump on the band wagon here, Harp 2.0 may help you if your are currently in a Freddie or Fannie Loan. Call your lender and they should be able to help you out in identifying this. ... more
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Fri Nov 18, 2011
Potential Seller answered:
Thanks for everyone's responses. We went with Absolute Black leathered granite countertops (a suggestion from my realtor who helped me buy the house) and it looks great with the sprayed white cabinets w/updated hardware. The whole kitchen looks really fresh. My other favorite additions are the new crown and side panels on the cabinets, a couple of new glass door cabinets, the under cabinet lighting, built in wine rack and custom chalk/message board to cover the side of the fridge. And since we're not selling for a couple of years, we get to enjoy our new kitchen ourselves in the meantime. The best part - doing the work ourselves saves us thousands of dollars!

Now, on to the bathrooms . . . .

Potential Seller
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0 votes 18 answers Share Flag
Fri Jan 1, 2010
Rick Payne As Seen o n Hgtv House Hunters answered:
Good Evening Neil,

Happy New Year. Sorry I didn't respond earlier in December. I work with an excellent contractor that I know would do a Great job for you. You can contact me at 678-427-5512 or email me at repayne7@bellsouth.net for the contractor's contact information.

Regards,

Rick Payne
Keller Williams
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Thu Nov 13, 2008
Auge J. Keppinger answered:
Wed Oct 29, 2008
Auge J. Keppinger answered:
Why not rehab a property in the fourth ward, they have two that i know of one on rankin st and the other on howell st. Both white houses that need work. They are a little overpriced at 179 and 189 respectively but offer 149k fix up how you like and sit on your equity then sell tax free in two years. ... more
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Thu Oct 2, 2008
Jen and Mark Bowman answered:
Like everyone else has said, I would suggest relisting. Is your townhome competitively priced? Come Spring time, there will be more on the market and more competition. Best wishes!
0 votes 27 answers Share Flag
Thu Jul 10, 2008
Lee Taylor answered:
James Dudley is a wise man.

Cindy. Get your real estate on, but open yourself up to more possibilities.
0 votes 3 answers Share Flag
Tue May 20, 2008
Donna Abbott answered:
Hi Patricia, The previous answers make some very good points. There is also some additional information (a video) on my website from Clark Howard in regards to For Sale By Owers. If you are considering doing a For Sale By Owner you might want to check the information on my website before you do. I see your zipcode is 30132, which is Dallas, Paulding county. I am very familiar with that area. It is where I do most of my business. My office is in Hiram, so if you decide you need and agent, I would be happy to help get your home sold.

Best of luck to you.
Donna Abbott
Keller Williams Realty Across Atlanta
770-378-7374
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0 votes 5 answers Share Flag
Mon May 12, 2008
Greg H. answered:
Lee, I was speaking of the area Cecilia asked about - "right by Atlanta Medical Center and Boulevard."
Boulevard IS rough. People can have different opinions...that's what this forum is for. ... more
0 votes 3 answers Share Flag
Mon May 12, 2008
Lee Taylor answered:
I lived at McGill Park for 2 years a few years ago. I've sold condos at McGill Place, McGill Park, Renaissance Lofts, Tribute Lofts and City Heights.

I've sold houses on Prospect Place.

Call Kwanzaa Hall, the City Councilman. Stop in and grab some amazing food at Lotta Frutta. Enjoy brunch at cafe 458. etc. etc. etc.

Get to know the neighborhood yourself, and meet the neighbors. Now, would I live next door to some of the tenements, rooming houses and slovenly accomodations that are part of some of the streets in O4W? No. Neither should you.

Is 80% of the neighborhood pretty awesome and arguably one of the best close in locations with easy access for commuters in the city? Absolutely.

The gated condo and loft communities that I mentioned all have safe secure environments and like-minded neighbors. As a Kirkwood resident, and a former Inman Park resident, I assure you that the "possibility" of crime exists - be aware, be smart, be proactive. In return, you get to live in a cool neighborhood with great neighbors for the most part.
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1 vote 1 answer Share Flag
Mon May 12, 2008
Lee Taylor answered:
I lived at McGill Park for 2 years a few years ago. I've sold condos at McGill Place, McGill Park, Renaissance Lofts, Tribute Lofts and City Heights.

I've sold houses on Prospect Place.

Call Kwanzaa Hall, the City Councilman. Stop in and grab some amazing food at Lotta Frutta. Enjoy brunch at cafe 458. etc. etc. etc.

Get to know the neighborhood yourself, and meet the neighbors. Now, would I live next door to some of the tenements, rooming houses and slovenly accomodations that are part of some of the streets in O4W? No. Neither should you.

Is 80% of the neighborhood pretty awesome and arguably one of the best close in locations with easy access for commuters in the city? Absolutely.

The gated condo and loft communities that I mentioned all have safe secure environments and like-minded neighbors. As a Kirkwood resident, and a former Inman Park resident, I assure you that the "possibility" of crime exists - be aware, be smart, be proactive. In return, you get to live in a cool neighborhood with great neighbors for the most part.
... more
0 votes 1 answer Share Flag
Sat May 10, 2008
Lise Desormeaux answered:
I have a client who lives off of Boulevard between Ralph McGill and North Avenue. She moved into a beautiful home (new construction) and within a week was broken into. She now has an alarm, has been there 1 month and not yet another break in. It's too bad really because surrounding that area are so many great neighborhoods, some of which are affluent and homeowners leave furniture out on their patios with no incident. The area is most certainly taking a turn for the better, the question is, how far is it into the turn? My client is a single woman who's lives alone so, it's safe to say she doesn't feel threatened or she would move.

Hope this helps.
... more
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Tue Aug 7, 2007
Auge J. Keppinger answered:
Bee, what do you think of the new 2 story house on howell st? to me It looks rather small but it seems lie a lot is going on in the area. Also what is a good price to pay for a house on that kind of street in need of about 65k worth of renovations? Will that same street appreciate more since it is apart of the historical district and close to mlk museum in the next few years? I've found a deal but I'm on the fence ... more
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