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Home Buying in 80247 : Real Estate Advice

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Activity 5
Tue Dec 24, 2013
Wisdom Real Estate #1 Reviewed! answered:
I have no idea what the question is, but here is information on Okinawa:
Okinawa Island (沖縄本島 Okinawa-hontō) is the main and largest island of the Okinawa Prefecture in Japan. The island has the largest population in the prefecture.
[edit]Regions

Generally speaking, areas on the main island are placed in three categories: Southern Part (南部 Nanbu), Middle Part (中部 Chubu), and Northern Part (北部 Hokubu). The northern part is also referred to as Yanbaru.
[edit]Cities

Naha — the capital city of the prefecture and by far the largest city
Nago — former Expo site known for its aquarium
Okinawa City - East of Chatan, largest populated city, besides Naha.
[edit]Other destinations

Buckner Bay
Chatan - Home of the Mihama, American Village, and the Ferris Wheel.
Okuma - an Air Force Resort, great for weekend trips to the beach.
[edit]Understand

[edit]Talk

All Okinawans speak Japanese but many, especially older citizens, also speak Ryukyuan, a separate language, pejoratively referred to as Okinawan dialect by mainland Japanese.
[edit]Get in

Naha International Airport is the primary way to get into Okinawa Island, and is only 2 km from downtown Naha. The easiest way to Okinawa is from elsewhere in Japan: Japan Airlines and All Nippon Airways fly widebodies in every hour from Tokyo Haneda and other major domestic airports. There is only one daily flight from Narita, the main international airport in Tokyo, operated by ANA. Direct international service to Okinawa is currently limited to flights from Seoul, Taipei, Shanghai and Hong Kong.
Jetstar Asia also flies into Naha International Airport from both Osaka Kansai and Tokyo Narita.
[edit]Get around

Most travel is by car, bus or taxi, although there is a monorail in Naha that runs from the Airport to the city centre and Shuri Castle. The main road is Route 58 which runs from southern Okinawa to Nago in northern Okinawa. Route 58 is on the East China Sea side of the island. During the summer months, the volume of rental cars can make traffic very heavy on Route 58.
Cycling around Okinawa island is possible but not very practical. The island is very densely populated and car traffic is heavy almost everywhere. In Japan it's customary to ride your bike on the sidewalk instead of the actual road (supposedly due to the unsafety of doing the latter), but the sidewalk has the disadvantage of having to evade other pedestrians, overgrowth, the occasional antisocially parked car, and cars pulling out of driveways. Japanese drivers are polite and not aggressive, but have a habit of often not looking where they are going when pulling out of driveways or taking corners. The terrain itself is very hilly and becomes more challenging the further you move away from the coast. If you find yourself on the east side of the island and want to go to the west side or vice versa, you will have to cross the range of steep hills that runs along the length of Okinawa. A moped or motorcycle helps to overcome this, but it's still very important to stay alert and avoid obstacles or cars.
Several buses travel routes around the island. Map
About the easiest way to get around the island though is by taking public transport. There is a large bus terminal in Naha right near Kokusai-dori which can get you to any part of the island without too much hassle. There are no signs in English however if you do your research on which busses you need to take you should be fine. Even in the busy summer months you'll usually be one of 2-3 people riding the busses.
A word of warning though, some of the farther-travelling busses tend to be fewer and further between with waits up to 2hours for the next bus not uncommon and is particularly the case when going to the aquarium or Peace Museum. However these busses tend to be more common on the weekends (as opposed to their mainland counterparts) .
Lastly, there is a monorail system within Naha starting from the airport leading all the way to Shuri Castle. Tickets are cheap and the ride is comfortable. May be crowded during rush hour though.
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Mon Nov 18, 2013
Millie truebright answered:
I did not think there was a score requirement until I found this..



While VA does not have a minimum credit score requirement, most lenders are able to set their own individual guidelines for VA loan requirements. Consequently, you will find that most major banks or lending institutions have set the minimum credit score requirement at 620.

In the last several years eligible veterans and military personnel have enjoyed an easier mortgage process than what was available to many home buyers attaining conventional or FHA loans. Unfortunately, the meltdown within the mortgage industry coupled with increased losses due to loan defaults has prompted lenders to make this process a bit more complex. Since early 2010, many lenders in the U.S. have tightened their lending and credit score requirements, making VA loans harder to qualify for.

These requirements have also impacted the VA Streamline Refinance program. Previously, borrowers who already had a VA loan were able to refinance into another VA loan without an appraisal. Although this is no longer the case, it still allows veterans to take advantage of lower interest rates while providing significantly less paperwork to the lender.

VA loans are one of the last remaining 100% mortgage financing options. The good news in that is this: VA borrowers default significantly less (2.6%) than borrowers in general (3.4%).

Even so, according to the Federal Housing Finance Agency, the credit scores of VA insured borrowers are generally lower than other borrowers.

All things considered, VA loans remain a terrific opportunity. Veterans and active duty military personnel who qualify can often secure a low mortgage rate and meet the VA loan requirements even if their credit score is less than perfect. In addition, about 25% of applicants such as disabled or retired veterans qualify for an exemption from the funding fee or what is considered a one-time insurance fee. That fee can really add up when you multiply the 0.5% – 3.3% by the loan amount.
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0 votes 8 answers Share Flag
Sat Nov 2, 2013
Robert McGuire answered:
Thirtytwo24,

Yes. why do you ask. Are you wanting to be as close to Central Denver as possible?

Robert McGuire
Broker/Consultant
Your Castle Real Estate
http://about.me/robertmcguire33 ... more
0 votes 5 answers Share Flag
Tue Jun 23, 2009
Tommy Lorden answered:
HOA fees can vary, but are ultimately controlled by the Covenants, Conditions, and Restrictions (CC&R's as they are referred to) that are in place for that subdivision, and the By-Laws in place for that particular HOA. You will definitely want to review these documents as the mechanics relative to the fees and the fee structure will be outlined there.

Kudos to you for asking the question up front---too many people aren't sufficiently concerned about how their HOA works.

Best of luck!
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0 votes 2 answers Share Flag
Mon Jun 15, 2009
Terrell Williams answered:
I haven't heard anything about comps being based SOLELY on your local complex, but that would certainly be the most obvious place to start. The reason is simply that those in your development are most likely to be most similar to yours. The problem with using comps from other developments is that the quality, amenities and price range of even adjacent complexes can vary substantially - just like with neighboring single family home developments. This makes it tricky to ensure that you're actually comparing apples to apples, which is the whole idea of an appraisal.

As for foreclosures/HUDs/short sales, etc., the ideal situation is to NOT use these on a property which is not in that status, unless the market is totally dominated by that type of property. If it is, then they can be used sometimes - especially if there isn't any other choice.

So - yes, the idea is to use properties within your complex - if possible. The idea is also to use 'regular' sales - again, if possible.

Hope this helps...

Terrell
303 638-6413
tw@terrellwilliams.com
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