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Mineral : Real Estate Advice

  • All14
  • Local Info0
  • Home Buying5
  • Home Selling2
  • Market Conditions0

Activity 10
Fri Feb 27, 2015
mrthwild answered:
0 votes 1 answer Share Flag
Mon Oct 14, 2013
Laurie Fisher answered:
No real issues, my clients accept it as just part of the home buying process.
0 votes 2 answers Share Flag
Mon Oct 14, 2013
Robert Thiemann answered:
If the actual owner of the house agrees to the rental it can be done, If it is a foreclosure or a short sale stay away. the may be relocating and just need to get out of the expense it could be a second home he doesnt need. If its a foreclosure they will not rent , if its a shortsale its probably real close to being foreclosd then you be evicted,Lenders can but do not have to honor a rental agreement. ... more
0 votes 6 answers Share Flag
Mon Jul 22, 2013
Tim Moore answered:
If it is heated living space it can be added as sq footage. An appraiser, or realtor, will assign different values to finished space depending on where it is. Basement finished space has less value than the space above ground, for example. ... more
0 votes 1 answer Share Flag
Fri Mar 8, 2013
Sherri answered:
I have noticed prices in Mineral/Louisa steadily dropping. Might this also be in relation to the most recent earthquake, considering the epicenter was in that area? I am very hesitant to even consider properties in that area, though most of the type of home I seek (2+ bedroom, 2 bath, garage on 2+ acres) happens to be in or near those areas. ... more
0 votes 3 answers Share Flag
Mon Apr 9, 2012
Kate Elim e-PRO, ABR, GRI answered:
The most recent sale was for a lot with a deeded boat slip. It sold for $70,000. Access lots anywhere on the lake that do not have deeded boat slips sell for less and take considerably longer to sell. One of the communities here at Lake Anna that does not have enough slips for all of the access lots allowed owners to buy multiple lots at one time. These owners have since sold them for thousands of dollars more than they paid for them. Lots that originally sold for $12,000 have sold for as much as $20,000. This gives you some idea of how valuable a deeded boat slip is and why those lots that have them sell faster and for more. Wish I'd seen your question sooner. ... more
0 votes 2 answers Share Flag
Tue Jan 19, 2010
Robert Thiemann answered:
Mary I have seen this done before usually the agent has let his license expire or some other reason no he should not have left the keys outside of a lock box. I did this once but only after talking with the owner and putting the key where he wanted it . This agent shows no respect for the home owner, his property, or the agents reputation
I work the mineral area and if you need a good realtor call me
... more
0 votes 16 answers Share Flag
Tue Jan 19, 2010
Robert Thiemann answered:
a one car detached garage will add about 10k to the value if you can afford to buld a 2 car garage it will add about double the cost
0 votes 1 answer Share Flag
Tue Jul 15, 2008
Wayne Hare answered:
If the property has already been foreclosed on by the bank, then the answer is zero - the house was taken back and the mortgage cancelled.

I list and sell REO (Real Estate Owned) properties for banks and I can tell you that foreclosure properties are sold "as is" and are put on the market at a discount based on their overall condition. Besides the shortfall from the mortgage, the banks also have about $30,000 in legal expenses to foreclose on a borrower so they reselling the property at a significant loss. But the total loss is not what the resale price is based on - it's the fair market value less a discount to get the property sold in less than 90 days.

Wayne Hare, e-PRO Realtor®
... more
0 votes 2 answers Share Flag
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