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Home Buying in Culpeper County : Real Estate Advice

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Activity 8
Wed Jan 15, 2014
Letitia (Tish) Smyth answered:
I only have the one that is 1400. I do not manage property, I just help the owner find a tenant.
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Mon Apr 1, 2013
Lori Jeltema answered:
Yes, this was fair and Cindy is correct. The agent representing the bank (or Realtor if it was a Realtor) is responsible to the seller, not buyers.There are often bid periods on these homes that are dictated by the seller but the bottom line is that they have the right to sell to whomever they want if it means a larger net or an easier sale for them. If the property seemed to need a lot of work to fix it up, as you mentioned, then possible it would require a 203k or investor type loan or cash to purchase. Real estate isn't like buying an item off a store shelf, - it's a product that is put out there to procure the highest offer at the best possible terms for the seller/owner.

Stay connected with an agent/Realtor who can represent you and have the process explained to you upfront and go over a few scenarios with your agent on how the whole thing can play out. Good luck and I hope you find what you need!
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Mon Feb 4, 2013
Steven Ramey answered:
A short sale is when the Lender(s) will receive short of what they are owed when the property sells. A Seller, in financial distress, contacts their Lender's Loss Mitigation Department, answers questions, provides required proof of documentation asked of them, then hopefully gets short sale approval. The closer you offer to full price, which is usually listed under market value, the more chance you have of getting it approved by the Seller's Lender. A short sale can take one month to get approval after a ratified contract with the sellers, but is not unusual to take 3-5 months or more, with not response to your offer in the meant-time. ... more
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Tue Oct 30, 2012
Maria Cipollone answered:
Depending on your credit score. Minimum credit score requirement depend on which FHA loan product the applicnt needs. Normally, the minimum credit score to get an FHA loan is 580. Your best option will be contacting a mortgage broker that can review all your documents and advice you.

Best of Luck,

Maria Cipollone

Century 21 Tenace
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Fri Jun 22, 2012
Ellen Butters answered:
Yes! And I just see Paula gave a very thorough answer. I would echo her advice to call Columbia gas to get specifics. Have you considered the use of propane to heat your home? We have a number of homes in Culpeper as their heat source. ... more
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Mon Oct 26, 2009
Steve Jeppesen answered:
100% financing is still available thru the USDA Rural Development. The seller can pay all your closing costs allowing you to buy a home with no money down. USDA Home Loans are the best option out there. Go here for your answers.
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