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Home Buying in Sanford : Real Estate Advice

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  • Local Info8
  • Home Buying9
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Activity 15
Wed Feb 22, 2017
Renee Cox asked:
Mon Aug 29, 2016
John Burke answered:
Hi Bruner.brianna,

I say the sooner the better. The sooner you start the more time you'll have to address any issues if there are any. It will also give you more time to "look" around at homes are available in your price range & explore the areas you want to buy in.

I specialize in VA financing & would be happy to help you.

Take a look at the recommendations from some of my past clients on my Trulia profile by clicking the link below my phone number.

Please feel free to contact me for more information or help.

John Burke
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank
Apply Online: https://secure.smartapp1003.com/102471/?loanofficerid=106115
(877)228-9069
NMLS# 787231
http://www.trulia.com/mortgage-lender-profile/MTG%20Banker/#reviews
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Wed Nov 4, 2015
Victory Property Management answered:
Assessors value homes in "bulk" meaning that properties are classed together, assigned a per square foot value and then assessed. Since the assessor does not actually inspect the interior, the taxable value of the home should never be used to determine a purchase price.

I would recommend that you work with a real estate agent (and not the listing agent) to determine a fair price for the home. This will get you the best deal.
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Wed Sep 3, 2014
jeff answered:
Yes you can get a loan with a 580 score.
I have FHA programs that only require 3.5% down payment. The 3.5% down payment can be a gift from a family member too.
0 votes 2 answers Share Flag
Tue Jul 16, 2013
Jessica Bateman answered:
FHA really isn't credit score driven, it's the Banks and Lenders that set those score requirements. There are a few lenders that go down to 580 with FHA, I personally have closed on several homes with clients around and under 600. I recommend all my clients that have credit issues to check with The Lenders Network, check them out. If anyone can get you approved they can! ... more
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Thu Nov 22, 2012
Tony Weaver answered:
These properties are probably in T section and are new construction. Box construction is priced different than traditional construction. Lakeside Manor is the latest section and prices are less per square foot. ... more
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Sat May 12, 2012
Team Cindy and Chris answered:
If you are working with a Realtor and they have found a property that fits your criteria they would then contact to listing agent to see if the seller would consider a lease with option to purchase. Most of the time sellers will need a percentage down, security deposit and first month's rent. (That is all a case by case situation.) An attorney would need to draft this agreement because we don't have the proper forms for this type of transaction. However, if there is a builder that has a new construction home they haven't sold, like Sandy Perry @ Groce Companies that posted before me may have or they may have a person wanting to purchase one of their homes but has to sell before they can do that.

It is definitely a case by case, unless otherwise advertised (which is few and far between) because some folks need to sell in order to purchase.

I think by working with one Realtor you can develop a good relationship and they will find the best possible situation for you!! (And the seller pays the fee for your Buyer's Representation!!)

Good luck!!
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Tue Oct 4, 2011
Shane Milne answered:
Mortgage lenders use FICO scores.

The scores you get from the "three credit agencies" are not your actual FICO scores that mortgage lenders will use, they are what are called Vantage scores (jokingly called “FAKO” scores because creditors do not use that system).

Unfortunately it’s difficult to get your FICO scores if you are a consumer, the only website that you can get them at is http://www.myfico.com and you can read the difference between FICO & Vantage scores at http://www.bankrate.com/brm/news/DrDon/20061117_credit_FICO_Vantage_a1.asp
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Fri Feb 11, 2011
Jeff Monfils answered:
I am so sympathetic to your situation. To many good, hard working Americans are paying the consequences for the greedy financial institutions of today. I would encourage you, as I do everyone I see effected by this government approved corruption, (I am not a conspiracy theorist) to check out this website. It will leave you in absolute disbelief.

Kindest Regards,

Jeff Monfils
Director North Carolina Operations
BIC / CFA / CSSA
Bastille Real Estate
Foreclosure Avoidance Consultants
3611 Mt Holly-Huntersville RD Ste 204-310
Charlotte NC 28216
704.975.7616 | 888.807.4848 ext. 505 | Fax 866.662.3929
www.BastilleRealEstate.com
Philippians 2:3&4
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Thu Feb 10, 2011
Debora Bradford asked:
Fri Sep 3, 2010
Grace Hanamoto answered:
Hello Dnjz and thanks for your post.

Kevin's spot on this time. You must live in the home for 36 months and maintain it as your principal residence in order to keep the credit. Otherwise, the full credit given will need to be repaid. Of course, always talk with a qualified tax professional for more information. You can also contact the IRS directly for more information at 800-IRS-1040, or at their website at www.irs.gov.

Thumbs for you, Kevin!

Sincerely,
Grace Morioka, SRES
Area Pro Realty


Grace Morioka, SRES
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Thu Jun 3, 2010
Dan Chase answered:
Talk to a local lender. Find one that specializes in credit repair. You can probably pull your credit score up in time doing a few right things. It may be weeks, it may be months, it may be years. However long it takes spending the time and effort to improve your score will put you in a better place than if you ignore it. After all, in 5 years you will either be broke with bad credit and no house OR you will have repaired your credit, saved more of a down payment, and bought a house.

The actions you take now and in the coming months will define the coming years for you. Make a solid commitment to doing this and you will achieve your goal. No matter how hard it seems, or how impossibly long it seems it could take keep working on this. Time passes far to quickly AND your present efforts will cause your future to be changed for the better.
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Tue May 18, 2010
Sherri Massena answered:
Hi Cheryl
There are many ways to answer your question. A simple answer is "yes" I am sure there are homes we can find that are a "rent to own" or a "lease option" . There are many factors to that decision which are personal to a buyer. I would call the Carolina Trace Gated Properties office and ask for Sherri or Carol and we can show you rental options and talk more about your specific situation and needs. There are some wonderful rentals here and this is an awesome community. Call or email and we can discuss your opportunities!
If we dont have what you need, I am certain we can at least point you in the right direction!
Sherri M. Broker
Carolina Trace Gated Properties, Sanford
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Wed Nov 25, 2009
Sean Dawes answered:
Fred,

I think the best bet would to give a call to the IRS. I have gone through the website for the tax credit and do not see what would occur if you already own the land you are building on.

Here is the website http://www.irs.gov/newsroom/article/0,,id=206293,00.html


Sean Dawes
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Wed Sep 16, 2009
Shirley Wall answered:
Hi,
There are four homes in Sanford that the owner is offering 'owner financing'.
I'd like to tell you about them.

Call Century 21 Cornerstone Realty 774-4663 and ask for Shirley. ... more
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