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Home Buying in Alabaster : Real Estate Advice

  • All20
  • Local Info4
  • Home Buying4
  • Home Selling0
  • Market Conditions2

Activity 8
Wed Jun 29, 2016
June Buerkle answered:
As Sally said ... just because her name can't be on the loan ... doesn't mean it can't be on the deed.

But be honest with yourself, the headache isn't due to the loan product you chose ... it is because you are playing house with a woman you are not married to and you are trying to determine an equitable distribution of the assets.

This relationship doesn't sound very stable. If each of you want to protect your own assets ... where is the "we" in this relationship? If there is no "we", why did you just become legal partners in a house? (Put her on the deed and you just formed a legally binding partnership)

If you think you are headed toward marriage ... then Don't sweat the option of lost rental income you could have had. If she is like a fraternity brother or a stranger ... charge her rent. If she is a partner, then treat her like family ... since you want to play house with her.
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Mon Feb 1, 2016
Bbaldwin1010 asked:
my husband's is 530. We want to move out of our apartment in October, where we are paying $835 p/month. Do we have a chance at buying a condo/townhome by October?
0 votes 0 Answers Share Flag
Wed Apr 16, 2014
Renee Hamilton answered:
This is a 2014 update. In todays market I have local lenders looking at 620 credit scores. There are some excellent programs out there now that offer 95% to 100% loans. I have two very good lenders that I currently work with and they can check your credit or prequalify you for free over the phone or via email. Please let me know if I can help!

Renee Hamilton
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Sun Sep 8, 2013
David Mason answered:
Sun Oct 14, 2012
Cindy Hardin ABR, CDPE, CRS, Sres answered:
It depends on the home and the area. If it is a foreclosure and is new on the market, I agree with your Realtor. The banks want to see if they can get full price when a home hits the market and will wait a few weeks before they will consider less. A homeowner will sometimes be willing to negotiate less. Especially if they need to sell quickly and you are not asking for much or any closing costs. This is a buyers market due to the numerous homes on the market. ... more
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Sun Oct 14, 2012
Cindy Hardin ABR, CDPE, CRS, Sres answered:
The contract should have requested the repairs. Your agent should have been in touch with the listing agent prior to closing, following up on the repairs that were agreed to. You also should have had a walk through just prior to or on the same day of closing. This is the opportunity to visually see for yourself if these items were addressed. You accepted the home when you signed the closing paperwork.

In regards to unlevel areas: Is the home on a crawl space or slab? Older homes have a tendency to shift a little with age and the local terrain. If it is on a crawl space and has significant dips, you may have some bad subflooring. You may have to contact a contractor or structural engineer to determine the reason for the sinking.
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Sat Oct 29, 2011
Barry Lynn Miller J.R. answered:
If you would like I will be glad to send you a list of property sold and active to give you a better idea. There are currently 2 pending sales in the subdivision at this point.
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