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Bon Air : Real Estate Advice

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  • Home Buying1
  • Home Selling0
  • Market Conditions1

Activity 10
Thu May 12, 2016
Maria904 asked:
I am brazilian and I have an apartment there that I rent and they send the money monthly 3000to me, but it is not on my eua taxes. I have been living here for 5 yrs and my pay check is 1000…
0 votes 0 Answers Share Flag
Fri Aug 8, 2014
Sarah Leonard answered:
Looks like a great home!

Good luck with your sale!
0 votes 1 answer Share Flag
Sun Aug 18, 2013
chica.mili answered:
Can I buy a home if I have 640 of credit record and we have permission and autoritation for to work in USA.?
0 votes 6 answers Share Flag
Fri Aug 16, 2013
Marianne Raymond answered:
Student loan should not keep from purchasing a home. You'll need to consult several lenders. Don't give up until you find someone who'll know how to help you achieve your goal.
0 votes 5 answers Share Flag
Mon Jul 29, 2013
Ron Thomas answered:
Lease/Option
You are desperate!
Your Credit or Finances, or both, will not allow you to go the conventional route:
You need the Seller to help you out!

The Seller will know it, and you are going to pay dearly for this service:
There aren't too many altruistic Sellers out there.

There is no FORM printed by anyone; there are just too many variables.
The terms that can be written into a Lease/Option can be dangerous to you:
How long is the Option period?
How much money are you putting in to the Option?
What happens if you are not able to execute the Option?
How do you know what your financial situation will be 2-5 years from now?
How much is the rent in the meantime?
Who will be responsible for maintenance and repair in the meantime?
What will be the Market Value of the home in 2-5 years?
What will be the Selling price 2-5 years from now?

This is the Ultimate Caveat Emptor!

Good luck and May God bless
... more
0 votes 2 answers Share Flag
Tue Apr 23, 2013
Dan Chase answered:
Beware of rent to own. Many find out to late that after a given time frame they have to get a mortgage they still can not get. Once that time arrives they are forced out of the house and all the money they had in already. Not all are like this but some are. Be sore to have a lawyer look over any contract before you sign it. If you are low income in many areas there is a free legal service for low income people. ... more
0 votes 6 answers Share Flag
Mon Apr 16, 2012
Manny Cornejo answered:
There have always been foreclosures and ther will alway be foreclosures....until we all pay cash for real estate.

Remember someone that owns their home free and clear are not in any danger of foreclosure. ... more
1 vote 3 answers Share Flag
Thu Nov 17, 2011
Lee Newcomb answered:
I would love to help you out with obtaining an actual pin point value on your property. Feel free to contact me and I will give you an exact number. If you want a round about answer just do this: go to www.Chesterfield.gov and look up your County assessment, take this number and multiply by .1 which will give you 10%, subtract this number from your assessment and that's roughly what you can expect to get for your property assuming it is in decent condition. 10% below assessment is the average sales price in Chesterfield. Note, this equation does not always apply but in general it is a good start. If you need to know an exact figure I would be happy to provide your with a complete market analysis on your property. ... more
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Thu Apr 23, 2009
Tracy S. answered:
As a buyer on the sidelines, I am interested in looking at a property when it is first listed, then wait for a price drop. The home I am interested in I looked at in January. People may be also looking at only new listings because many properties have been on the market for months, once yours has been on MLS for a couple weeks, it's not "new" anymore. Also locally the laid off circuit city employees not as much the Wall St crisis are probably having a decent impact, if they didn't have an emergency fund, they are probably running low on cash and maybe need to sell their home fast (cheaper per sq ft) than your home. ... more
1 vote 3 answers Share Flag
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