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97266 : Real Estate Advice

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  • Home Buying2
  • Home Selling2
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Activity 5
Tue Jan 19, 2016
Jessica Fields answered:
If you find a house to buy in NC before the close of your home in PDX you will write into the contract that funds are coming from the sale of your current home. It may take a few days for the funds to clear in your bank account. I suggest letting the title and escrow company help with the exchange. ... more
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Thu Jan 14, 2016
Steve Ge asked:
I have owned (mortgage) my current home for a little over a year. I want to sale, pay off the mortgage and purchase another home in a lower priced market for cash from the profit of the…
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Sat Jan 25, 2014
Tom Inglesby answered:
There are rules about renting on some first time buyer programs. You should check with
Your accountant about being able to rent house out and take mortgage deduction. You have to live in a house the last 3 out of 5 years to not pay tax on any profit. Even though you fixed it up there is not a dollar in dollar out usually figure a few years. Rates are going to go up so waiting to sell in a year rates are going to be higher and it will be more difficult for buyers to qualify for a loan. If you could get a great renter it might be worth it but if the renter makes your house dirty it might cost more to fix up and sell latter. You are in a tough spot. Good luck to you . Tom Inglesbyu, broker ... more
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Sat Jan 25, 2014
Amber Deuchar answered:
Hello Alisa,

Happy Valley schools are very good schools, (being that I am raising my two childern here in Happy Valley, makes me a little bias (-;

Being that you have an RV, I would suggest South if Sunnyside. The new construction is all throughout Happy Valley but mainly on the North side of Sunnyside, small lots and not room for your RV. Whereas the south side has 1990's and older homes for resale that would have larger lots.

Shoot me an email and I can send you a few that I have in mind.

Definitely talk with a lender, I am almost positive you would need to have some sort of income coming in now to be considered towards repayment of the loan, but I am not a lender. I direct all of my financial questions to Steven Seim at Director's Mortgage. He will take the time to educate you while answering you questions.

Hope this helps!
... more
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