It depends. It can be a bit of a gamble. If something happens and you need to sell the home within a relatively short period of time, you could lose even more money than if you paid the market price. However, sometimes you can also start a trend that results in overall increased value for an area. Once you've willingly "overpaid" you've created a comp that will be used when assessing other purchases. My neighborhood saw sales prices jump roughly 10% last year because one person came along and paid cash for a house that we really thought was overpriced.... more
Good credit alone isn't enough to qualify you for a loan. Lenders also consider your income, job history, and debt load, and you need to have some money saved for the down payment and closing costs. Call Tony Kruse at Iberiabank Mortgage and see what he can do. If he can't approve you he'll advise you and help you get there.
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Living space, or “under air” space is calculated when determining square footage of a property. In a single-family house, GLA includes all living space that is above the land-line and has heating, lighting and ventilation. The main rooms and bedrooms, hallways, bathrooms and kitchen footage is calculated to determine the gross living area. Finished attic space with a minimum of 5-foot walls and heat is calculated for GLA. Patios, porches and garages are not included in this measurement unless a garage has been converted into living space with the appropriate permits and an enclosed porch is heated. In a condominium or co-op, GLA is calculated by measuring the perimeter area of the unit.
Exterior measurements of a two-to-four family building are used to calculate the Gross Building Area. The interior must be finished to count in the calculation. Below-grade living space is also included in the GBA. Interior stairways, hallways, storage rooms and laundry rooms are part of the GBA. If the building has an exterior stairway, it is not included in the footage measurement.... more
Hulen Bend is a great neighborhood with good amenities. The Toll road is not just going to affect you but so many other neighborhoods in FW as well. Our city is one of the top places Company's are relocating to and our economy is thriving. The Toll Road will boost our growth and add value to our residential neighborhoods as well as retail neighborhoods. People who have previously thought Hulen Bend was too far down Hulen, are now telling me how accessible it will be.
We need this change! Fort Worth is growing.
4420 W. Vickery, #105
Fort Worth, TX 76107
I would be happy to help you. Just call me at 817-875-8214 or go to my website and view houses. Once you register on the website and choose a few houses, I can make an appointment to show them to you.... more
Were you going to use the FHA financing? How much was the total that you had to pay off?
FHA had put out a directive that certain collections were going to need to be paid off to get approved, so lenders had started to enforce that rule. They they put it on hold until July 1st, and only about a week ago, they decided to put it on hold indefinitely. So perhaps you got caught in that time when the lenders didn't know FHA was going to say "nevermind."
If not, after you got proof that it was paid off, I'm surprised that they would want a rescore, unless the credit report had expired.
Licensed Mortgage Loan Officer
100% Home Loans All Over Texas For 30 Years!... more
I have completed more than 50, 1031 exchanges for buyers and investors just like yourself. I set up a property management company specifically for this. So I guess the short answer to your question is YES.
Be diligent in your search and if you work with an agent, make sure they come recommended. Out of state investors are typically so sticker shocked by the affordability, they pay too much. Believe it or not. Sort of reverse sticker shock I guess.... more
Sorry you don't want agents input because they use inspectors at least twenty times more often than a regular buyer. Make sure the inspector is using the standars form-a client brought in their own inspector once and it was handwritten and so unclear we had to get the details from looking at the house and counting bad windows. Tghe inspection being precioe and clear will make it possible to write a very clear repair amendment to the contract.
Good luck in you search and please call if you change your mind about professiona; I use. There are two I recommend all the time.... more
The title company would have no way of knowing about the lease unless the seller told them since leases are not filed in the deed records. If there was no reservation of mineral rights in the deed and if the sellers owned some or all of the mineral rights then whatever they owned transferred at time of sale. That does not include the previously paid bonus payment.... more
Did you receive the information you requested? Let me know if there are any additonal properties you need some help with. I am devoted to working hard for my clients and would love the opportunity to prove it!
Sans Pareil Realty... more