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Home Buying in 79924 : Real Estate Advice

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  • Local Info0
  • Home Buying9
  • Home Selling2
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Activity 8
Fri Apr 15, 2016
Kevan Pewitt answered:
On average, a homeowner will move every 5 to 7 years. One of the factors you might want to consider is, do you want to be a renter for the next 3 to 5 years. Most Americans would say they would rather be a homeowner. You have to decide which will bring more satisfaction and enjoyment to your life and what is financially feasible for you. ... more
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Thu Aug 6, 2015
USMortgageRanger answered:
Hi Suemic,

Your best bet is to work with a Lender to get qualified for a mortgage using your SSID income which will be grossed up 25% giving you some buying power. Then you can get a FHA home loan with some down payment assistance from the State making your out of pocket expense very limited.

I would be delighted to provide you with some mortgage options, (this does not require us pulling your credit) that will allow you to make the best decision for your family. I can be contacted via my profile information for a no obligation consultation. My Office hours are 08:00 AM-08:00 PM Mon-Fri and Fri and Sat 08:00 AM-06:00 PM CST.

Lowell Sterling
Mortgage Banker
NMLS 968898
Capital One Bank
Phone (469) 315-1709
... more
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Tue May 12, 2015
djennifer009 answered:
It depends on what your original plan already covers. If I were you, I'd go into my insurance company and ask them to compare the insurance. If there's an important difference, then it might be worth it to buy the other plan. ... more
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Thu Nov 29, 2012
Jorge Reyes answered:
Hello Cordova ; Congratulations on your decision to pursue your Dream of Home Ownwrship !

You have definitely asked the most important question pertaining to purchasing a home. Peace of Mind in purchasing your home is of utmost importance.

Feel free to contact me at your earliest convenience and I will guide you through the Home- buying process.

I look forward to hearing from you,

Professional Realtor
... more
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Wed Nov 28, 2012
Jose Vasquez answered:
I know this posting is a little dated but just to put this out there... Since your currently renting it in this condition, I would simply explain this to him. Odds are that since he can rent it out as is(as you are a current renter) they would probably want to continue to make money off of it. Not to discourage you but as this is an ongoing trend, it does not hurt to ask. All he could say is no. Also, if your interested in the house or just interested in living there because of the area, ask for discounted rent for work(If your handy with tools). Its called Work in exchange for discounted rent. This way you may stay there at a discounted monthly rent and if the landlord purchases the product/material you can have your way without sacrificing money, only time and Labor.

Just a thought,

... more
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Wed Mar 17, 2010
Yvonne A Russell answered:
Hi Balay

Patient's is the least of your concerns when dealing with some banks. In my experience you may be better off waiting till the lender's BPO agent re-lists the property. In a recent short sale my buyer had pre-qualified through his own bank but had to pre-qualify through the short sale's bank before the bank would consider the offer. In the meantime the bank's foreclosure dept proceeded with foreclosure. By the time the short sale dept approved the pre-qualification of my buyer the same bank's foreclosure dept. foreclosed. ... more
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Sun Jan 10, 2010
Cynthia Morris answered:
Howdy Balay
No set time on short sales in any city at any time. Too many factors influencing, different banks, different agents handling, location of property, any incumberances that also need to be resolved, buyers credit.

I have done many many many short sales. I success rate is about 95% and time has averaged for start to finish anywhere from 60 days to 4 months.
... more
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Sat Jan 9, 2010
The Monson Corcoran Group answered:
The average time for approval of a short sale in El Paso, is the same as every where else. Typically most short sales take 60+ days for approval and another 30 for the loan to close.

Find an agent with experience representing buyers purchasing short sale homes.
... more
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