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Home Buying in Franklin : Real Estate Advice

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  • Home Buying5
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Activity 7
Tue Mar 24, 2015
Scott Godzyk answered:
You determine what the home is worth on todays market, deduct for repairs and make an offer keeping in mind how bad you want the home and if there are any other offers. A good buyer agent can easily assess this. ... more
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Fri Mar 13, 2015
harrydb49ers asked:
Sun Dec 14, 2014
Suzanne MacDowell answered:
Yes, the mortgage company is not going to lend you the money for a house that is a very bad state of repair. You CAN, however, switch to a renovation loan, such as an FHA 203K or the new Fannie Mae Home Style loan, which will allow you to purchase the home and finance the repairs in the same mortgage. Talk to your lender about options. ... more
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Sat Jul 20, 2013
Jeff Lurie answered:
Hi Emily,

I was following up on your question and wanted to pass along a resource while you're still searching. There is a "Full MLS Home Search" function on my webpage. Feel free to use it to browse the most up-to-date property listings in Franklin and all of Hampton Roads. The search function is updated hourly and has the most current information possible.

Jeff Lurie
Wainwright Real Estate
Specializing in Suffolk, Franklin, Smithfield, Chesapeake, and Isle of Wight County
Licensed Real Estate Agent in Virginia
"Let's Make Moves Together!"
www.myopenhouselist.com
... more
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Sun Apr 21, 2013
Shanna Rogers answered:
Hi maxworkfromhome,

DO NOT buy anything before your deal closes. Some buyers figure since they are either pre-qualified or pre-approved, they're fine and they purchase furniture, cars, etc. Your lender will pull your credit right before funding your loan and if you make large purchases, you may not longer qualify for your loan in which case you would not get the house. So, to be extra safe, don't purchase ANYTHING that could potentially affect your loan.

Shanna Rogers
SR Realty
www.RealtyBySR.com
... more
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Sat Mar 19, 2011
Anna M Brocco answered:
What is your agent advising--in order to establish value, do review comps--recently sold similar properties in the immediate area, then make your determination.
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Sat May 22, 2010
Anna M Brocco answered:
The $100 spent on the services of a tax professional may turn out to be money well spent--IRS qualifying codes oftentimes can be tricky--it's always best to use professional help, especially when one feels it's needed. ... more
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