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Currituck County : Real Estate Advice

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  • Home Buying1
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Activity 48
Thu Oct 13, 2016
Paul answered:
I have been using Inbedrock.com to help me navigate all financial questions regarding purchase of a new home. It is great help to analyze ALL costs of home purchase and their effect on whether house makes for a smart investment- very educational + easy to use- learn about closing costs, initial renovation costs, Title Insurance + HO Insur, Real Estate Taxes, Mortgage Financing (how much loan$ do I qualify for? and can I afford monthly payments on my income/assets?), Utility bills, Broker commissions, etc. Inbedrock.com also helps Renters figure out if better to Buy v Rent, and explains financial reasons why with a great graph. This is an invaluable tool especially for first-time homebuyers. Get smart with biggest investment of your life... Inbedrock.com ... more
0 votes 1 answer Share Flag
Mon Sep 26, 2016
Jlk88 asked:
Fri Aug 5, 2016
Sally Grenier answered:
You really need to be asking your REALTOR this question! Trulia is not a real estate company. it's just a marketing site and doesn't necessarily have the most accurate info, nor the most updated listings. If you're a serious buyer, then you need to take the job seriously. Hire a Realtor as your Buyer's Agent. He/she can give you access to all available listings in your local MLS and can answer questions about any property you're interested in. ... more
0 votes 1 answer Share Flag
Mon Oct 19, 2015
Denise Roddy asked:
I am the agent that sold the house at 201 Eagle Creek Rd, Moyock NC. My client was concerned that she saw her house listed for sale and it was posted just six days ago. How do we get this…
0 votes 0 Answers Share Flag
Sat Aug 15, 2015
annes6060 answered:
If you own the property outright, you are not required to buy flood insurance. For many of us on the oceanfront, it is VERY expensive to insure against flood damage. For example, I was quoted nearly $12,000 to insure my small home, and was able to get it down to $9,200. And even that had a very high deductible and excluded any damage on levels of the house that were less than 12 feet above sea level. So I cancelled after a few years and decided to self insure. It's a gamble, but I only really lose if the house is completely destroyed by a massive hurricane.

It can also be a bit tricky to prove flood damage (i.e., damage from water coming from below through high tides or storm surge) and other water-related damage (i.e., rain damage to your home from high winds that took off a portion of the roof or shatter a window or simply seep through the seams in your house).

The best advice I've seen in all the comments is to check with an insurance expert, and would add that you should talk to other owners near the property you are considering.
... more
0 votes 9 answers Share Flag
Sat Aug 15, 2015
annes6060 answered:
Homes in the offroad beach area are on individual wells, as well as individual septic systems. We do have electricity through Dominion Power, and we can get phone/internet through CenturyLink and satellite TV through DirectTV. ... more
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Tue Mar 3, 2015
Tim Lancsek answered:
This is not a good way to look at the Outer Banks real estate market unless comparing relative locations. The value of land here on the Outer Banks changes tremendously with every 100 ft from the beach. If you would like to chat more about the market value of properties please contact me.

Tim Lancsek
ReMax Surfside
252-619-6089
tim@obxconsulting.com
... more
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Tue Mar 3, 2015
Tim Lancsek answered:
I would be more than happy to provide you with an updated list of properties sold in Ocean Sands in 2014-2015. Please contact me for a full market analysis.

Tim Lancsek
ReMax Surfside
252-619-6089
tim@obxconsulting.com
... more
0 votes 4 answers Share Flag
Tue Mar 3, 2015
Tim Lancsek answered:
This is a very good question and one that needs to be discussed in detail. A short response is not going to be enough education to purchase a lot in this area. Please call me to chat about the complexity of the 4 wheel drive market.

Tim Lancsek
ReMax Surfside
252-619-6089
tim@obxconsulting.com
... more
0 votes 7 answers Share Flag
Tue Mar 3, 2015
Tim Lancsek answered:
Everything is negotiable. However you will pay for what you get. The better rental companies command a premium and in the long run the additional 1-2% WILL pay for itself by getting into one of the better programs. The income level can and will be significantly more. ... more
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Tue Mar 3, 2015
Tim Lancsek answered:
The values can range widely depending on where they are located. I sold two lots on Whalehead Dr last year. If you want to know the exact market value of a lot in Whalehead please contact me. Every lot can have a completely different value.

Tim Lancsek
ReMax Surfside
252-619-6089
tim@obxconsulting.com
... more
0 votes 1 answer Share Flag
Tue Feb 24, 2015
Tim Lancsek answered:
Honestly, the best advice is to contact a broker that will assist you. Brokers are going to want to know that you are on "the same team" before you get too much out of them in the way of the process. This is the most simplistic and best advice that you can get.

Feel free to give me a call.
... more
0 votes 3 answers Share Flag
Wed Nov 12, 2014
Terrel Porter asked:
This question was asked from http://www.trulia.com/property/1064981543-ALL-OTHERS-AREA-201-351-NW-Backwoods-Rd-Moyock-NC-27958
0 votes 0 Answers Share Flag
Tue Nov 11, 2014
Jim Elliott answered:
Just curious, why would you want to invest in something that you wouldn't own? I'll try to do a little research and get back to you... Jim
0 votes 2 answers Share Flag
Fri Mar 28, 2014
Andy Matejka answered:
GOVT. loans like FHA, USDA and VA have wiggle room above the 45% QM threshold as most lenders will fund deals that have AUS (Automated Underwriting System) approvals.

However, in your case, using the Homepath loan, which is a conventional loan product/program designed to streamline the Origination, Closing, Funding and delivery to FNMA on FNMA owned properties, there is no 'wiggle room' past the 45% DTI level.

First and foremost would be to see if there is any long term debt that can be paid off or refinanced in order to lower your DTI.

Second, you can double check to see if you have any additional income* that qualifies or you could look to see if you can save money on insurance (although it's not likely to save you the entire 3%), or research the impact of increasing your down payment (which lowers your loan amount).
... more
0 votes 2 answers Share Flag
Wed Nov 13, 2013
TK Warden answered:
Homes priced well in Moyock are selling in a fairly short period of time. There are shortages of homes in some price ranges. This is a very popular area. Price it right and it will sell. ... more
0 votes 4 answers Share Flag
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