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Fultondale : Real Estate Advice

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  • Home Buying2
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Activity 3
Thu Jul 12, 2012
Carolyn Loyd answered:
Wed Aug 4, 2010
Monir Mamoun answered:
Interview at local apartment buildings to find a manager you like who seems trustworthy, and who seems to keep the building in good shape. It is going to be hard to find someone to take care of a single family home so you probably need to hunt around a bit -- keeping it very local would make it more attractive to a potential manager. Figure on paying around 10% of monthly income as a fee.Try to avoid friends or relatives unless they have experience. ... more
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Sun Mar 9, 2008
Chad Edwards answered:
Beth,

It looks like you may have paid a bit more than what similar type homes are selling for in the neighborhood. Depending on how long you decide to stay in the home will have the biggest impact on how you will do when you sell. If you are in the home for more than 3 - 5 years, you should be ok. However, if you have to move out sooner, investing in a lot of upgrades could make it difficult to recoup the money you put into the home. The longer you stay in the home, the more time you have for appreciation in the area to offset you being a little ahead of the market. If you are on Enclave Cir, it looks like you managed to buy the home for $1500 less than the previous owner. ... more
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