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Anniston : Real Estate Advice

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  • Local Info2
  • Home Buying9
  • Home Selling0
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Activity 31
Mon Oct 3, 2016
Jrutledge asked:
Sun Apr 24, 2016
melpaquette24 asked:
I have a pre qualification letter and I've made an offer on a house. The offer has been accepted with the homeowner if financing is approved.
I've done the home inspection and…
0 votes 0 Answers Share Flag
Wed Aug 26, 2015
Otisbeyong answered:
Jebusss returned briefly to pick up his order from Marcos Pizza
0 votes 1 answer Share Flag
Tue Feb 17, 2015
Kristina Jennings answered:
I recommend myself!! I have been in business for 12 years, I am in the top 5 at my company & I work 7 days a week. I would be happy to listen to exactly what you are need of and add in a few houses that fit that criteria as well as some I think you might like... As I'm in houses all day and when I preview some I think you would be interested in I can send you those as well! I'm so sorry you have had a difficult time, but my job is pretty simple and I'm confident I can find you what your looking for! Call or email me anytime.. 256-371-2904 and my Email is Realestateanytime@gmail.com ... more
0 votes 3 answers Share Flag
Tue Dec 2, 2014
Christopher Pagli answered:
Dark trim does make the space darker (obviously) but also feel smaller. If you can paint the trim and it looks good then give it a shot. The other thing you can do is brighten up the room in other ways such as paint, adding color with accessories, and lighting. The lighting part is very important.

Chris
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0 votes 4 answers Share Flag
Fri Oct 31, 2014
Joyce Keldie asked:
Wed May 7, 2014
jennifer.johnston answered:
my best friend lives there an she hasn't told me anything bad bout up there but shes pregnant an she has to drive like an hour for the doc. . . . but she loves it up there . . . .
0 votes 2 answers Share Flag
Fri Oct 4, 2013
Anna M Brocco answered:
You can try contacting customer service directly http://www.trulia.com/help/ask/
1 vote 2 answers Share Flag
Thu Apr 11, 2013
Rodney Mason answered:
The typical minimum credit score for a VA mortgage is 640+. We can sometimes go as low as 620+ with a very strong file. VA has tightened their minimum underwriting requirements in the last few years.

All borrowers on a VA mortgage must meet the minimum credit score requirements with an acceptable credit score. If your husband does not have a credit score, then he would not be able to be on the mortgage. If he is also the veteran, then a VA mortgage would not be possible since the eligible veteran must be on the mortgage.

If your score is that low, then you probably have several unpaid collection accounts that need to be paid off.

If you are looking to purchase a property, working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your mortgage options. To get Pre-Qualified for your purchase, you can submit your request online at www.rodneymason.com.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing
... more
0 votes 1 answer Share Flag
Sat Apr 6, 2013
Cathy Starkweather answered:
The reason why it's difficult to answer this dynamic question if because there could be many variables which could cause the price to be adjusted. Here are a couple:
1. If there are repairs needed that weren't evident originally, the lender may decide to take the home off the market while the repairs are done. If the condition of the home is improved, this will most likely affect the market value of the home and the lender may decide to increase the price to reflect the new condition of the home.
2. A lender may request a BPO or Broker's Price Opinion to assess any changes and fluctuation in the market value of the property when it's relisted which could also affect the price.

If you're really interested in the property, the best situation is to have your Realtor continue communication with the listing agent for any updates which they can legally share and be ready when it's listed again. Have your pre-approval and/or proof of funds ready to make an offer.
... more
0 votes 2 answers Share Flag
Wed Feb 20, 2013
Aaron Sims answered:
Craig, a couple agents in my office closed mobile home sales in the last couple of weeks. If you can call or email me I will get the name and contact number to the loan officer that did the mortgage to you. I heard great things about him.

Aaron Sims
Weichert, Realtors
2058340798
Jaaronsims.re@gmail.com
... more
0 votes 2 answers Share Flag
Mon Feb 18, 2013
Anna M Brocco answered:
In order to determine a fair offer review comps with your agent, recently sold similar properties in the immediate area, see what the data suggests and go from there....
0 votes 2 answers Share Flag
Mon Feb 18, 2013
Nichole Bentley answered:
Alexandria School is a Calhoun County school. You can verify the school district by entering the address on the Calhoun County Schools website. This is the link to their site.

http://gis.calhouncounty.org/SchoolDistricts/schooldistricts.html ... more
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Thu Jan 24, 2013
Rodney Mason answered:
Conventional mortgage underwriting guidelines (Fannie Mae/Freddie Mac) require the use of a tri-merged US credit report. If the borrower has recently been residing outside of the US, an international credit report may also be required.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
... more
0 votes 1 answer Share Flag
Thu Jan 24, 2013
Rodney Mason answered:
It is much more difficult. TYpically, "For Sale By Owner" listing do tend to be more over priced. Today's real estate market is still VERY tricky. Not having an experienced agent to guide you through the process is not a very good idea.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
... more
0 votes 2 answers Share Flag
Thu Nov 15, 2012
Aaron Sims answered:
You may need to be a bit more specific? You did not know the storm shelter was there, or did not know that it collected water. It seems as though your best bet would be to consult with a Real Estate attorney and have them look at your contract and let you know where you stand. Is the shelter is part of the home or not attached? This could possibly affect the answer. Again I'd recommend seeking legal advice as Realtors can not give legal advice. If you bought the home and were represented by an agent in the purchase I would consult with them and perhaps they could recommend an attorney or two.
Best of Luck!

Aaron Sims, REALTOR®
Weichert, Realtors-Access Realty
(205)834-0798
jaaronsims.re@gmail.com
Call, Text, or Email!
@REALESTATEJAS on Twitter
... more
0 votes 1 answer Share Flag
Mon Sep 3, 2012
Aaron Sims answered:
A Commercial property such as an apartment complex is usually valued on the income that it produces. In its most basic and simple form for example- a 10 unit complex that each unit produced $500 in rent a month would at 90% occupancy bring in 4500 a month. 4500 a month times 12 months would be 54000 a year in Gross income. You would then subtract the costs...for this example we'll say 40%. So for maintenance, insurance, property management, advertising, landscaping, etc.. this leaves 32400 of Net Operating Income(the money left over after expenses, but not the mortgage payments) This NOI then is multiplied depending on the cap rate. For simplistic sake in this example, I'll use a 10 Cap. So multiplying 32400 by 10, this property would be valued at $324000.
so to value a property you'll need to see its current rent rolls, its expenses, really all of its books.
Is this property occupied, or vacant? I have owned multi family in the past and really there is a lot to consider in valuing a multi family property. You may have been given pro-forma numbers for instance. This is, we expect the property can do this well. If the price is set using pro-forma (made up, yet possible numbers) then the price does not reflect what the property is ACTUALLY performing at. I would love to speak to you about this. I made many mistakes my 1st jump into multi-family apartments and I’d enjoy an opportunity to help someone avoid the mistakes that I’ve made and learned from the hard way.

Please contact me with any questions.

J. Aaron Sims
(205)834-0798 Call or Text
jaaronsims.re@gmail.com
Weichert Realtors, Access Realty
... more
0 votes 1 answer Share Flag
Tue Dec 20, 2011
Jamie Hastings answered:
Mr. Thoas,
Great question! I have copied the following paragraph stright from Nehemiah Down Payment Assistance program's website and it explains down payment assistance for home buyers. However, they direct you to some possibilities on their website. I would suggest you visit the link I provided in this answer and click "Down payment assistance" fill in the blanks and it will populate the allowable programs in your area.

"Thank you for your interest in the Nehemiah Down Payment Assistance program. Due to a U.S. Senate bill passed in October 2008, privately funded down payment assistance programs are no longer an option for prospective homebuyers. In spite of the fact that Nehemiah is no longer able to offer privately funded down payment assistance, we are committed to providing individuals and families with the opportunity to responsibly achieve their homeownership goals. We are happy to provide you with a list of other down payment assistance programs offered through state and local government agencies. We hope that you will also take the time to browse Nehemiah's state-of-the-art wealth empowerment and homeowner assistance programs that are listed below. If you like what you see, please encourage your family, friends, and co-workers to visit our website to learn more about our programs and services."

I hope that you find this useful in your home ownership quest.
... more
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