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Home Buying in Huntersville : Real Estate Advice

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  • Local Info15
  • Home Buying28
  • Home Selling2
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Activity 35
Sun Jan 7, 2018
Scott Godzyk answered:
No, tax assessments and or values have no relation to what a property is worth in market value.
1 vote 2 answers Share Flag
Thu Feb 16, 2017
Preddy7100 asked:
I am looking at a few new housing communities in Concord, NC. I have a pre-approval letter from a mortgage broker already. Would hiring a realtor get me a better deal when considering a…
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Mon Aug 24, 2015
Lisamendez23 asked:
We're looking to buy in an area that is already established that is not part of a community. We want to be able to install a pool, etc., in our backyard and don't want to deal with HOAs.…
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Sat Feb 21, 2015
Mike Hege, MRE answered:
Huntersville NC is a great area to live and could see the reason you would want to find out more about this property.

There are a lot of good programs (some local) that you cold work with. Credit score is a factor but there are others as well. If you are still looking around Huntersville, NC, please let me know. I live and service this community.

Thanks & Best of success to you.
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Sat Jan 24, 2015
lewisremington19 answered:
I would definitely be wary of renting a house off Craig's list. I think it's very smart that you want to work through a property management company, they can often times find you houses that you wouldn't otherwise see. I would recommend pulling up some reviews of different property management companies to see if they have a record of good customer service. Good luck! http://www.tjpropertymanagement.com ... more
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Sat Apr 5, 2014
cathleennnc asked:
W e are searching for a Pet Friendly quiet area in Huntersvville, Cornelius, Davidson.
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Fri Nov 22, 2013
puppypawsservice answered:
i was wondering if the neighborhood was dog friendly in 6909 Karyn Dr
Avon, IN 46123
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Fri Oct 25, 2013
Grace answered:
No, this is not the right way. When you are carrying out a residential appraisal for a home, it is necessary to consider the value of the other houses in the same locality. Values of the other homes in the same locality have a great influence and significance when deciding the value of a house that comes under that specific locality. So it is not right, on the part of an appraiser, to exclude considering the value of new homes in your neighborhood.

It will be better if you inquire for services of the reputed residential real estate appraisers in your city, as they can guide and assist you in the most appropriate manner to find out a fair and accurate market value of your desired home. These appraisers have good talent and rich experience in carrying out the valuation of various kinds of residential properties by using effective valuation techniques. Though these reputed appraisers may charge you a bit more, you are sure to get quality service for refinancing your home loan in an appropriate way. So, make a wise decision and hire expert and well-known residential appraisers. Be assured with their services, as they will prevent you from being a victim of several deceptions prevailing in the real estate market.
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Thu Sep 12, 2013
Daniel Fisher answered:
Good afternoon, Helena:
If you send me an address through profile, I can research this for you. If you appreciate an answer, please give thumbs up. For the most helpful answer, please say thanks with a best answer click. ... more
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Sun Aug 4, 2013
Lynn Webster answered:
Sun Apr 14, 2013
Daniel Fisher answered:
Good evening, Vkichu
There are two ways to do it - one is better than the other. The realtor.com mobile app has this capacity, but it cumbersome. I would be happy to do this research and send you information on new homes as they come on the market in your target school district if you contact me through profile. If you appreciate this answer, please give it a thumbs up, or if this was the most helpful answer, please say thanks with a best answer click. ... more
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Tue Feb 19, 2013
Daniel Fisher answered:
Good afternoon, KhVernon.
Here is a map of the current Huntersville City limits as well as the Sphere of Influence, which includes areas that are eventually going to be annexed by Huntersville. http://ww.charmeck.org/Planning/ZoningMaps/Zoning%20Grid.pdf NC 73, Asbury Chapel, Huntersville Concord Rd, Beatties Ford Rd all provide decent access to freeways and have neighborhoods off of them that can have less traffic.
NCDOT regularly surveys traffic and gets traffic counts for the major roads in Charlotte and Concord. THe link is here: http://www.ncdot.gov/travel/statemapping/trafficvolumemaps/urban/
Where I'd advise you look would depend on the time and locaiton of your primary travel destination. If you take NC 16 to NC 73 you can end up on the western edge or northwest corner of Huntersville without going up 77. If you have a full time agent with a Masters degree in Planning with Finance and over two decades of experience, working for you, you will likely do better in negotiations. I'd be pleased to provide that service. If you appreciate this answer, please give it a thumbs up, or if this was the most helpful answer, please say thanks with a best answer click.
... more
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Sat Aug 11, 2012
answered:
Good morning Jenni,

We use the lower score of multiple borrowers when determining eligibility for mortgage financing. We see many credit reports with low credit scores (anything less than 620), and often many scores in the 500's. This is BAD credit. If you are one of the folks affected by this terrible economy, you have a low credit score and you have a dream of buying a home, here's some simple advice for you.


It is unlikely you could be approved for mortgage financing with that credit score at this time.

Beware of any mortgage professionals promising you an approval with such a low score. Wait on buying a home. I recommend you take the time to resolve your credit issues.

First, settle any outstanding debt. If you owe money on collection accounts, charge-offs and/or judgments, make payment arrangements and get these accounts paid promptly.

Next, begin rebuilding your credit. If you have current accounts with good payment histories, or even some previous late-payment-blemishes, make sure you continue to pay those accounts on time. If you do not have any existing credit accounts then you'll need to establish several in order to create a viable credit history.

I have found that CONSUMER ACTION is an excellent resource for objective advice on all things credit related. You'll find free and sincere advice on everything from settling collection accounts to rebuilding credit to building credit from scratch on their website. http://www.consumer-action.org/

Beware of anyone offering to "repair" your credit! The Federal Trade Commission issued a stern warning last year that such offers are scams. Find more from the FTC HERE. http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre13.shtm

The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.

The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.


Trevor Curran
NMLS #40140
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0 votes 6 answers Share Flag
Fri Aug 10, 2012
Daniel Fisher answered:
Good afternoon, SMayer.
I suggest you read that Truila blog: "I have bad credit and no savings. Can I get a home or am I stuck renting?" If you meet that criterion, you should be able to get a loan with your current scores. If you have a full time agent with a Masters degree in Planning with Finance and over two decades of experience, working for you, you will likely do better in negotiations. I'd be pleased to provide that service. ... if you appreciate this answer, please give it a "thumbs up", or if this was the most helpful answer, please say thanks with a "best answer" click . ... more
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Thu Apr 19, 2012
Sharon Eskridge answered:
There is currently a Single Family in Birkdale that is listed for rent for $1650 a month and there are two Townhomes listed for rent for $1200 and the other $1095. There are currently 13 homes for sale in the Birkdale Village side. ... more
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Tue Apr 10, 2012
Daniel Fisher answered:
The rent you can collect is directly dependent on the size of home, home features, level of finishes, neighborhood amenities. Generally, homes are renting well in Birkdale and Huntersville area $1,000-$1,800. The best time to make money on an investment property is when you BUY, so if the lowest price homes in Birkdale Village area are selling within 3% of market price, but another home nearby is selling 15% below market, the alternative may be better. Having a Realtor who specializes in rentals and another who specializes on identifying and acquiring high value properties will help assure that you are making money all the way around. If you appreciate an answer, please give "thumbs up". For the most helpful answer, please say thanks with a "best answer" click. ... more
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Mon Nov 14, 2011
Stephan Saillant answered:
Hi Carmen,

I am not sure if you have moved forward or not with an offer on a Lennar spec home, but here is my take on your question. Usually if you are purchasing a "to be built" home, the minimum earnest money deposit (EMD) is higher since the home will be customized for you. If it is an inventory home, the EMD should be lower. It really depends on the price point you are looking at. Usually, if the home is $150K and below, you can get away with only $500. If over $150K, then more EMD will be required. You should really have an agent represent you (if you don't already). He or she would be able to negotiate the lowest amount of EMD you should offer. This is a buyer's market.

There are many binding documents you will be signing and unless you have experience reviewing real estate contracts, you should have an agent working with you to help you.
... more
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Wed Jun 29, 2011
Tanya Donaghy answered:
Though I would like to first say that I am in agreement with everyone else here that has pointed out that you and your parents should discuss all of your option with a tax accountant and real estate attorney, I would like to add a couple more things...

Another option that doesn't appear to have previously addressed is for your parents to purchase the property and then lease the property back to you with an option to buy clause. It can be spelled out to show that a portion of any lease payments that you make will be applied to the purchase price. This can be either set up as fixed monthly amount or as a formula that would match the principal to interest ratio that they will be paying monthly on their mortgage.

As for the option of you and your parents both being on the deed and you and your parents or just your parents taking out the loan, there is one thing that I don't believe has been considered here... that is that once your parents transfer their share of the title to you it becomes a taxable event. It could potentiall work, but I would be very careful about this and discuss it at great length with a tax accountant and real estate attorney before entering into this kind of arrangement.

Best of luck to you!
Tanya Donaghy
Solutions Realty
... more
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