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Tipton County : Real Estate Advice

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Activity 19
Mon Dec 5, 2016
Bill Gassett answered:
There is typically a negative connotation attached to the words as is when selling a home. The general thought process is there must be something wrong with the home. Anyone reading on whether it makes sense to sell their home as is should consult with a local real estate professional who can look over the property. Also check out the comprehensive reference provided below on what to think about when selling this way. ... more
0 votes 8 answers Share Flag
Wed May 4, 2016
Alan May answered:
It does not say "for sale" on Trulia... it's listed as "Sold" from public records.
0 votes 1 answer Share Flag
Thu Jun 25, 2015
Sally Grenier answered:
Not sure which property you're referring to (there was no address or link provided), but it would be best to talk to a local REALTOR. BUT...the real question you should be asking is if you can QUALIFY to buy a rental property. Talk to a local lender. You typically need at least 20-30% down, plus have $$ in reserves to cover the mortgage in case the place isn't rented for months at a time. ... more
0 votes 1 answer Share Flag
Sat Feb 7, 2015
Jessicapickett09 asked:
I am 24 years old, recently married, and looking to buy a house in the Brighton area. I've already found one on here I'm very interested in for only $57,000. However, my credit…
0 votes 0 Answers Share Flag
Thu Jan 22, 2015
Dan Tabit answered:
Your agent, their broker or the manager of their office.
0 votes 2 answers Share Flag
Thu Dec 18, 2014
USMortgageRanger answered:
Thanks for your post & congratulations on your decisions to purchase a home. I would suggest you get APPROVED not just pre-qualified. Let me explain the difference. When you start shopping for a home, most Agents and Builders want you to get pre-qualified, before they spend any time with you. However, being pre-qualified doesn't mean you are ready to buy. In this market, property is moving faster than ever. So if you are ready to buy, you should get APPROVED by a competent Lender. Approval is similar to having cash in your pocket and this tells the seller you are truly ready to buy. In fact many listing Agents and Builder won’t even look at your offer unless its attached to a real pre-approval with FHA, Fannie Mae, Freddie Mac, VA or USDA Approval.

I am here to help you make the best decision for your family based on sound responsible financial guidance. I am available for an in depth no obligation consultation via phone or email included in my profile.
... more
0 votes 1 answer Share Flag
Sun Jul 28, 2013
Robert.vanpuyenbroeck asked:
Fri May 17, 2013
Trevor Curran answered:
Good afternoon Dave,

I've been helping First Time Buyers for 23 years as a mortgage professional and I will tell you what I have always told my clients here in New York: If you are a First Time Buyer, steer clear of foreclosures and short sales.

Foreclosures are someone else's headache. The home probably has not been well-maintained and you're a First Time Buyer adjusting to paying a mortgage. Do you really want to walk in the door to someone else's deferred maintenance that YOU will have to pay for? Also, if you're thinking there are deals to be had in terms of lower prices, mostly those "deals" go to professional investors who can pay cash, negotiate hard with a Lender, and close fast.

There are plenty of motivated Sellers with their homes listed on your local MLS. Go find a good Local Mortgage Banker, get prequalified, then find a great, experienced Realtor, and buy the home you want at the price you're willing to pay.

As for a Rent to Own Home, it's a better deal for the Seller than it would ever be for a potential Buyer.

The basic concept is finding a way to "force" savings towards a down payment by including a portion of the monthly rental that goes towards that savings. You pay your rent every month and your Landlord deducts a pre-determined amount to hold in a special bank account, called an "escrow" account. Your Landlord holds that money until you have saved up enough---through this "forced-savings" method---to meet a down payment to purchase the home.

The terms of the purchase price, including the down payment amount, and the amount to be set aside from the rental for down payment, are all set down at the time of lease signing.

It's all about helping the renter/tenant save up enough money for a down payment to buy a home (in this case, the one you're renting). But this is a better deal for the Seller because he gets to lock in a purchase price and a buyer today for a future sale.

Saving money for a down payment? Well, heck, you can do that on your own.

If you are dedicated to the idea of buying your own home, you can create your own savings plan to save up enough money for a down payment. And when you have saved up enough for a down payment, if that takes a year or two or more, YOU get to decide on the price you're willing to pay for the house at that time based on current market conditions. You won't be locked in to a price that may be a lot higher than what the house is worth in the future.

With Rent To Own you'll be locked in both to the house and to the price, even if it takes you 3 years to save enough through the forced savings of the rent payments. What happens if three years from now your life situation has changed? Maybe you need a bigger/smaller home. Maybe your employment has relocated. Maybe your credit or income is insufficient to qualify for a mortgage loan.

Find a way to save up on your own; not with Rent To Own.

Sit down with a local Mortgage Banker and get yourself prequalified, too. You may find you're better qualified than you think you are, and, if you're not, at least you'll know how much loan your income and credit qualify you for, and how much you have to save towards down payment and closing costs.

Trevor Curran
NMLS #40140

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
... more
1 vote 4 answers Share Flag
Mon May 6, 2013
Terry McCarley answered:
What is your specific question. Are you wanting to know what properties are available for a lease option or you wanting to know how lease options work.
0 votes 1 answer Share Flag
Wed Jan 23, 2013
elvispresley1 answered:
you can have 2 VA loans at once, you may have a issue with debt to income ratios. VA lender is what I am (901) 873-1400 William Carver American Mortgage.
0 votes 6 answers Share Flag
Mon Mar 5, 2012
Veneta Tindle asked:
South? they are in a small trailer now, the rent is way to high, I have to help them every month, and I am getting old. Buy or rent is possible.
0 votes 0 Answers Share Flag
Fri Apr 29, 2011
Emily Erekuff answered:
Hi Ryan,

I agree that you should contact LisHub since the property appears to be missing from both Trulia and Realtor.com. However please note that you can easily submit the listing to Trulia manually via the link below, and your listing should be live on our site within one hour.

Best Wishes,

Emily Erekuff
Community Moderator
... more
0 votes 2 answers Share Flag
Fri Aug 6, 2010
Don Tepper answered:
It depends on the price of the house and the cost to fix the problem.

And by fixing the problem, I mean doing it properly and correcting whatever led to the mold problem in the first place.

So: If the property after repairs would be worth $300,000, the mold remediation and correction would cost $40,000, and I could buy it for $100,000, then, sure, I'd buy it. On the other hand, if I had to pay $250,000 for the same house, then, no, I wouldn't buy it.

Hope that helps.
... more
0 votes 5 answers Share Flag
Thu Jun 3, 2010
John A. Kaloostian answered:
It is a good idea as long as you disclose all physical problems. Get your own home inspection first then possibly offer to help pay for remedies to a definite amount . or not.
0 votes 7 answers Share Flag
Thu Mar 25, 2010
Theresa Wvans answered:
I asked for closing. Every professional I have ever talked to has advised that the seller should pay closing. I expect to pay it when I sell my home.
0 votes 12 answers Share Flag
Thu Jan 8, 2009
Terry Longmire answered:
Sean,
The impact should be small unless you are in the direct path. If anything the areas nearby should profit by having better access.

Terry
0 votes 1 answer Share Flag
Wed May 30, 2007
Kevin Boer answered:
Hi Robbie,

I'm a long ways from TN, but in general most local police departments have stats like this. You can also check out Neighboroo.com
0 votes 1 answer Share Flag
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