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20155 : Real Estate Advice

  • All36
  • Local Info5
  • Home Buying25
  • Home Selling4
  • Market Conditions1

Activity 36
Thu Jun 15, 2017
Isaiah Y. answered:
I do know that Home Loans For All has some relationships or partnerships with FSBO and Rent-to-Own property companies. You might want to talk with them and see where they can direct you to. I'll include a link to them. ... more
1 vote 11 answers Share Flag
Wed Sep 28, 2016
Don answered:
Hi Terri,

Most builder contracts are heavily in favor of the builder. There are certain things that can be written in to better protect your interests. I'd be happy to help if you're still needing assistance.

Regards,

Don Winland

Associate Broker, Realtor
Network Realty Group
Tel: (703) 328-5956
... more
0 votes 2 answers Share Flag
Wed Dec 2, 2015
Dan Tabit answered:
Gloriana,

Rent to owns are rare and even more rarely are they a good deal for the renter/buyer. The vast majority of rent to own renter/buyer's never end up buying the house. They are a great deal for the landlord/Seller as they get to collect large up front deposits and over market rent only to do it all over again in the same house. I consider it basically immoral and predatory in most cases.

Resolving credit issues isn't rocket science and a local mortgage lender can and often do assist buyers with this. Many things you can do yourself, others the lender can direct or assist you with.

Most people in this position are far better off renting the least expensive place they can stand to live in and save up some down payment, get on a budget and fix their credit. Once you are qualified, you can select any listed property in your price range and you've fixed the issues that hurt your credit.
... more
0 votes 1 answer Share Flag
Thu Sep 24, 2015
Rita Oliva answered:
Hi Gloriana,

Your first step will be to talk to a loan officer since there are several other factors that will influence whether or not you qualify for a loan. The loan officer can help you to review your credit report to determine if there is anything you might be able to do in the short term to increase your score. I agree with Amelia below that you should start with your bank and local lenders. Please let me know if you'd like a recommendation.

Good luck!
Rita Oliva, Realtor
Samson Properties
... more
0 votes 2 answers Share Flag
Thu Sep 10, 2015
Dan Tabit answered:
Glroiana,
I do, the program has a lot of details to pay attention to, so find a local lender who does them regularly. The homes must be in designated rural areas as they determine them. You as a buyer must make enough to qualify for the mortgage, but not too much. You can go to their site, linked below for more information. ... more
0 votes 1 answer Share Flag
Wed Apr 22, 2015
garypuntman answered:
My parents have been on the search for new living room furniture for a while. They are wondering where people get great furniture from as well! My mom is looking for something specific and is even thinking about having her current furniture reupholstered instead of spending a lot of money getting new furniture. Maybe you could consider doing this as well. http://www.creativedesignguild.com ... more
0 votes 4 answers Share Flag
Tue Feb 10, 2015
Gloriana Ferran-Ramirez asked:
Anyone has experience with this type of program?
0 votes 0 Answers Share Flag
Sun Feb 1, 2015
Belinda Jacobson-Loehle answered:
If you are trying to compare the quality of construction amongst new home builders I recommend that you gather the "Standard Features" list from each builder and make a comparison. Know what materials each builder is using, what warranties are being provided, and if you are allowed to substitute or upgrade materials to customize your home. When you take the time to conduct this exercise you will know what you are buying and what qualify of home you can expect and you should be more satisfied with the end result. Good Luck! ... more
0 votes 4 answers Share Flag
Thu Jul 17, 2014
Sharon Johnson answered:
Thu May 15, 2014
Diana Hellman answered:
There is not much difference in the ages of the homes. Choose the one you like as I assume they both share equally good locations? Once you have an accepted offer, you will have a home inspection so you may gain further insights at that time as to the condition of the home you choose. If you are happy with the inspection, you can move forward. ... more
0 votes 7 answers Share Flag
Thu May 15, 2014
Marilyn Cunningham answered:
Cinammon Girl

Fannie Mae can not lower the sales price it will only tell you what price it will guarantee. Look to your contract. What does it say? The FHA Addendum has an appraisal clause that will control. Was that attached to your contract? Ask your agent. Good Luck ... more
0 votes 6 answers Share Flag
Mon Apr 7, 2014
Chris Colgan answered:
Yes if the property is bank owned, that means the bank has title to the property. An Assest manager for the bank will negotiate any offers with the listing agent.
0 votes 7 answers Share Flag
Sat Jan 11, 2014
Bob Frazier answered:
The demand right now is low because of the holidays. It will start to build starting Feb. I am FULL TIME and live in this area.

Bob Frazier, Realtor
0 votes 3 answers Share Flag
Sat Aug 17, 2013
Pacita Dimacali answered:
Is there a question? Or are you making a statement directed at someone, or some property?
0 votes 1 answer Share Flag
Sat Aug 17, 2013
The Thompson Team answered:
I assume you had multiple offers on that property. They will probably go back and ask if anyone is willing to pay the difference before considering lowering the price. A Fannie Mae owned property? ... more
0 votes 2 answers Share Flag
Fri Jan 18, 2013
Kevin and Julie McLaughlin answered:
if you can qualify, buy the property. If you short sale, you'll need a hardship, and if you miss any payments, might need to wait 2-3 years... Speak with a reputable mortgage lender.
0 votes 12 answers Share Flag
Mon May 14, 2012
Janet M Lange answered:
Dear Gainesville Home Buyer,

The listing agent has no authority to select a buyers' agent for you unless you sign something allowing that. You have the right to interview as many agents as you wish and to select one that you feel would be able to represent you and protect your interests. At that time you will need to sign an agreement to that effect.

Hiring a buyers' agent costs you NOTHING, however, it can save you thousands of dollars. Good luck!

Most sincerely,

Janet Lange
... more
0 votes 6 answers Share Flag
Mon May 14, 2012
James Ryan answered:
Ahh, hi again Myla, this question is clearer. As with your other question, a title search by a title company, real estate attorney or closing firm can get you a full answer to your question, and can sell you title insurace to protect yourself!
Regards, Jim
... more
0 votes 5 answers Share Flag
Mon May 14, 2012
James Ryan answered:
Hi Myla,
This information is developed typically by your title agent or loan officer. Your use of the term "responsible for" is vague. Are you purchasing this property? Do you own it now?
Regards, Jim
... more
0 votes 7 answers Share Flag
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