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Home Buying in Midlothian : Real Estate Advice

  • All91
  • Local Info10
  • Home Buying16
  • Home Selling8
  • Market Conditions6

Activity 27
Wed Feb 24, 2016
Kacynash asked:
Tue Jun 30, 2015
Nancy Corder answered:
You will probably qualify for quite a lot. The first answer to your question gives you the information you need to determine the exact amount of your buying power. Again, your present monthly debt payments
such as car payments, credit card bills and credit score will determine the amount you qualify for a home. I am a real estate agent with Long and Foster;and give my clients excellent service, We are a one stop company providing all the personnel to have a smooth buying experience. I have lived in Midlothian for many years so I know the area extensively. I would like to meet with you to discuss you real estate needs. What is important to you when selecting a home? The mortgage broker in my office is William Woodfin with Prosperity Mortgage and he will be glad to help you. His phone number is 804-513-7162. The email address is William.Woodfin@phmloans,com. I look forward to hearing from you.
Warmest regards,
Nancy Corder
Belgrade Long and Foster 804-615-8503
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0 votes 2 answers Share Flag
Mon Jun 8, 2015
Peggy Bouchard answered:
This is one where you won't know the answer until you speak with a good lender - they can tell you what things look like based on your set of circumstances best of luck with your home search. ... more
0 votes 1 answer Share Flag
Sun Feb 15, 2015
Peggy Bouchard asked:
We're in the process of reviewing our best practices, and are very grateful for any input you make!
0 votes 0 Answers Share Flag
Sun Feb 15, 2015
Peggy Bouchard answered:
That's a tough question - I've read soe of the answeres from my colleagues and your repsonses.

If you are committed to selling your own homw without the use of an agent, then that's what you're going to do. I'd google everything you can find about it and try those things - if they work and you sell, then your goal's accomplished.

Agents, like any other professino can rock or be slimeballs - just a fact. If you try everything you kno wand your hoe doesn't sell, then I'd post on here that you're looking for an agent to help you sell your home - when they respond and they will, then check their reviews on Trulia, ask for references and again. google everything you can find about being a frist time home seller so nobody can take advantage of you.

Best of luck with getting your hoe sold
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0 votes 16 answers Share Flag
Sat Jan 31, 2015
Peggy Bouchard answered:
You'll want to get with a good lender who can let you know whether you qualify for the programs dsigned to help short sale folks get back into the market. Let me knwo if you need a couple names! ... more
0 votes 1 answer Share Flag
Thu May 8, 2014
Dawn B Roy answered:
You have yourself in a great position to have multiple choices in your housing situation. If your
desire is to use the proceeds from your home sell to pay for your next home, you should consult
a local Realtor to properly list your home for sell before you look for your new home. Scenario #2
would be to consider using your paid for home as an investment property and then purchase
your next home by taking out a mortgage. Now you have created cash flow from the investment
(mailbox money) and you have created a tax-deductible situation with the new mortgage. It just
depends on what is comfortable for you. Best of luck!
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0 votes 5 answers Share Flag
Thu Oct 24, 2013
lendersnetwork answered:
12 months after a BK you're now eligible for a new HUD program for an FHA loan, as long as you have reestablished positive payment history.

The U.S. Department of Housing and Urban Development (HUD) recently announced the “Back to Work – Extenuating Circumstances” program, aimed to help people who have lost their home through foreclosure, short sale or bankruptcy. HUD has reduced the previously required minimum of 36 months to 12 months before they may be able to finance another home, given that they meet HUD’s minimum eligibility requirements. ... more
1 vote 9 answers Share Flag
Tue Oct 22, 2013
Klhoerath answered:
Carole, thanks for inquiring about this property. I do believe this one is still available Are you interested in this property alone or are there others that interest you? I am sorry that I did not receive this earlier. My email was not getting to me on this account, If you still want to follow up with me you can reach me at my cell- 804-239-3584. Best, Karen ... more
0 votes 3 answers Share Flag
Thu May 9, 2013
Beth Kane CRS, ABR GRI,RESE,CDPE answered:
Good question.
It really depends on the sales price of the home and if a specific amount was requested by the seller in the listing agreement. Some cash purchases on Aucion or REO bank owned homes require as much as 10% or a minimum amount. Traditional sale seller's sometimes expect anywhere from $500.00- $2,000.00 again depending on the price of the home. Just as each home on each lot is different so are the owners and their perticular requests or expectations.Your buyer agent is the person best suited to answer your question on the specific situation and property.
Beth Kane CRS, GRI, ABR
Associate Broker
Exit Realty Parade of Homes
Midlothian, VA
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0 votes 5 answers Share Flag
Mon May 6, 2013
Ryan Sanford answered:
Jim Hayes with Hayes Inspection Service. 804-691-3770. He has and Electrical and Mechanical Enginerring Degree and Shap. Typically he $50 to $100 less expensive then some other that I feel do not do as thorough a job. He has impressed Dupont Engineers, Architects, etc...

Ryan C. Sanford
REALTOR®, Associate Broker, CDPE
RE/MAX Commonwealth
The Ryan Sanford Team
Top 1% of Agents in Central Virginia!
9401 Courthouse Road, Suite 200
Chesterfield, VA 23832
804-218-3409 mobile
804-777-9001 office
804-423-2392 e fax
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0 votes 6 answers Share Flag
Sat May 4, 2013
Cindy Jones answered:
You've gotten the right answer from everyone. As a former new home sales rep I can tell you the builder is only looking at for themselves and not looking to protect your interests. Make sure they agent you are considering hiring to assist you is fluent in new home speak and understand builders contracts. New homes can be a great deal. Don't accept the standard line of their is no room for negotiation. There is. It may not be on the base price but there are other ways to sweeten the deal for you. Good luck. ... more
0 votes 6 answers Share Flag
Sat Mar 16, 2013
Wayne Hare answered:
When you say "special conditions" I'm assuming you mean better terms for the mortgage program. We have seen programs called "Good Neighbors Next Door" from several lenders that help people who's job is a service to the community.

Visit our first time home buyers site at for more information and check out our down payment assistance programs. All it takes is a phone call to our lender to see if we can help.
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0 votes 2 answers Share Flag
Sat Mar 16, 2013
Wayne Hare answered:
We may be able to help if you will work on bringing your score up to 620. It may take a couple of months - but it's worth it to take advantage of the low interest rates and low home prices in Chesterfield.

Visit our first time home buyers site at and check out our down payment assistance programs.
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0 votes 2 answers Share Flag
Sat May 5, 2012
Scott Morgan answered:
Greetings, My name is Scott Morgan and I am a USAA preferred Realtor with Napier ERA and would love to assist you with the process. Please visit my website and view my testimonials. I have contacts in the area who can assist you with the Pre-qualification process, in the mean time we can narrow a search in your area of interest. My email address is Thanks, Scott Morgan ... more
0 votes 7 answers Share Flag
Thu Nov 17, 2011
Lee Newcomb answered:
The answer is not so complicated as others would make you think George. What are you willing to offer? Will the home appraise for this value? These are the factors you need to have answered. If the house will appraise then the only question is: What is the house worth to you? As a Realtor I can help you get the 1st question answered without a doubt. My skill set comes from investing in Real Estate for many years. The second question is your call, it's up to you. Let me know if I can be of any assistance. ... more
0 votes 6 answers Share Flag
Tue Apr 12, 2011
The Stephen FitzMaurice Team answered:
They must both approve of the sale, that is why 2 banks on a short sale is more difficult. The two banks will fight between themselves for more money and sometimes blow up the deal in their bickering. ... more
0 votes 5 answers Share Flag
Tue Apr 12, 2011
Jen Pfeffer answered:
Yes, you absolutely can! It needs to be done in writing, so make sure your agent does it immediately to avoid the seller signing your offer, which changes the story. If for some reason, you're too late, and the seller accepts your earnest money, you still have a few legal outs, i.e. financing contingencies, inspections etc. Make sure you have a great realtor who will educate you on these options should you find yourself in this situation! ... more
0 votes 3 answers Share Flag
Sat Jan 15, 2011
Bill Carey answered:
Owner financing is a good way to go but owners are becomeing more savvy about the pitfalls. I for myself and my sellers do a background check as well as a credit check before offer financing or rent to own deals and you pay for them nonrefundable. If you want me to finance your purchase you will pay all the closing costs including those normally paid by the seller. You will use my attorney, my apprasier, my title company and you will pay a 20% downpayment plus closing costs. Most times a buyer wants owner financing is because they don't qualify through a bank or mortgage broker my owners know that so they are not cheap.

Run from anyone who suggests that you rent to own (lease purchase). Buy when you qualify for a mortage do not get into a rent to own contract if you are an unqualified buyer.

The rent to own contracts are a sellers tool to get people into houses. The process is that you will sign a contract saying that you will buy the home someday in the future 12 months-18months. You will put down a sizable Non-refundable option deposit which will be applied as a downpayment when you buy when and if you buy on time. Normally an 8%-10% deposit. At the end of the contract if you don't buy the house for the original terms you will lose your deposit. Now you get to start all over again after losing $5,000 to $10,000 it's better to rent until you are ready..

Best of Luck,

Thank you,
Bill Carey, Broker/Realtor
Certified Short Sale Seller Specialist
Cell 704-905-0740
Fax 866-343-5945 l

Henderson Properties
Charlotte's Premier Real Estate Company
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1 vote 3 answers Share Flag
Tue Aug 17, 2010
Tom Fleming answered:
Hi Seedimon,
Did you find what you where looking for yet? As to your question it truly does depend on the client needs and time frame. Not all homes fit all buyers. If a buyer doesnt have the money or the time then they might not qualify for the right type of loan to get financing. Some houses that need lots of repairs are only eligible for certain types of finance. Others need more downpayment or take much longer to underwrite and might not meet the buyers time table. If a couple if pre qualified and has decent down payment then are they open to houses that need work? Most foreclosures are not turn key...they require some sort of cosmetic work to make truly a home. I hope this helps.

Good Luck
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