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Home Buying in Tuscaloosa : Real Estate Advice

  • All93
  • Local Info7
  • Home Buying27
  • Home Selling2
  • Market Conditions6

Activity 28
Thu Dec 15, 2016
Jeffwhidby asked:
I submitted an 85k cash offer on a short sale property. Two months later the listing broker contacted my agent and requested that we resubmit offer at 71k due to appraisal. We complied and…
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Thu Dec 15, 2016
Jeffwhidby asked:
I submitted an 85k cash offer on a short sale property. Two months later the listing broker contacted my agent and requested that we resubmit offer at 71k due to appraisal. We complied and…
0 votes 0 Answers Share Flag
Tue Jul 26, 2016
Joe Borelli answered:
How soon you may be able to occupy depends on the extent of repair work involved. If you sought renovation financing under the 203K streamline program, it's likely that the repair work is minimal. In such a scenario, you should be able to move in right away. But if you have opted for a Standard 203K loan for extensive repair work, you may need to wait till the work is finished. Either way, it is recommended that you consult the FHA 203k lender handling the loan approval about this. The assigned 203k consultant should also help clarify this for you.
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Thu Jul 7, 2016
Fieldcrestdallas asked:
5 months ago I was going through the process of buying a home with a credit score of 619, did everything, and all was left was to close the lender said she couldn't get me approve ,without…
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Wed Apr 13, 2016
Stephaine Royster CRS, ABR, E-Pro answered:
Hi Alicia,
While buying a home is a huge accomplishment, it can sometimes be quite intimidating. There are many options available for home buyers in Tuscaloosa County. Give me call, I would be happy to go over purchasing options with you.
Stephaine Royster, ABR, CRS, E-Pro, Broker, Realtor
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Thu Mar 17, 2016
MCM_STL answered:
Because that equity isn't coming from you. A down payment is way of demonstrating financial security to your lender. You managed to save that money. That says something about your money management abilities. It also gives you a better incentive to take care of the property and pay your mortgage because you've taken on some risk (giving up cash for an illiquid asset) too.

Instant equity says nothing about you except that you happened to find a house currently selling for less than it's worth.
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Thu May 8, 2014
Forrest Atkinson answered:
Asking Prices on most homes have some wiggle room. The benefit of offering full price on a new home could be asking the builder to pay all the closing cost for you which would allow you to have some cash on hand to do your personal touches once you move in. ... more
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Thu Apr 3, 2014
John Reeves answered:
Check this link, this might help:
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Fri Nov 22, 2013
Jeff Benton answered:
It depends on the condition of the house and if you are selling to another investor. You'd likely get more for the home from someone planning to buy the home to live in. In that case, I'd wait until the tenants have vacated the home if there are repairs necessary. ( painting, sheetrock, home just not clean, etc.) if you are open to selling to someone who will also rent the home, then I'd put it on the market as soon as possible. They would like that the home is currenlty rented. ... more
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Sun Sep 1, 2013
Carla Underwood answered:
Please contact me to discuss your chances in owning a home. 205.239.5563
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Sun Sep 1, 2013
Carla Underwood answered:
Contact me for different options to get you into a home. My email is
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Mon Jul 22, 2013
Gladys Webb answered:
A lot of questions need to be asked and as mentioned in responses below: If you haven't--get an Attorney, and a REALTOR. If I can be of service feel free to call or email me. Hope things work out for you.

Gladys Webb, REALTOR
205-758-1040 office
205-454-6471 cell
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Tue Jul 16, 2013
Jill Murty answered:
Tue Jul 16, 2013
Ralph Lusian answered:
Great question!

It's important to note that repairing bad credit is a bit like losing weight: It takes time and there is no quick way to fix a credit score. In fact, out of all of the ways to improve a credit score, quick-fix efforts are the most likely to backfire, so beware of any advice that claims to improve your credit score fast. The best advice for rebuilding credit is to manage it responsibly over time. If you haven't done that, then you need to repair your credit history before you see credit score improvement. The tips below will help you do that. They are divided up into categories based on the data used to calculate your credit score.

3 Important Things You Can Do Right Now
1.Check Your Credit Report – Credit score repair begins with your credit report. If you haven't already, request a free copy of your credit report and check it for errors. Your credit report contains the data used to calculate your score and it may contain errors. In particular, check to make sure that there are no late payments incorrectly listed for any of your accounts and that the amounts owed for each of your open accounts is correct. If you find errors on any of your reports, dispute them with the credit bureau and reporting agency.

2.Setup Payment Reminders – Making your credit payments on time is one of the biggest contributing factors to your credit score. Some banks offer payment reminders through their online banking portals that can send you an email or text message reminding you when a payment is due. You could also consider enrolling in automatic payments through your credit card and loan providers to have payments automatically debited from your bank account, but this only makes the minimum payment on your credit cards and does not help instill a sense of money management.

3.Reduce the Amount of Debt You Owe – This is easier said than done, but reducing the amount that you owe is going to be a far more satisfying achievement than improving your credit score. The first thing you need to do is stop using your credit cards. Use your credit report to make a list of all of your accounts and then go online or check recent statements to determine how much you owe on each account and what interest rate they are charging you. Come up with a payment plan that puts most of your available budget for debt payments towards the highest interest cards first, while maintaining minimum payments on your other accounts.

More Tips on How to Fix a Credit Score & Maintain Good Credit

Payment History Tips

Contributing 35% to your score calculation, this category has the greatest effect on improving your score, but past problems like missed or late payments are not easily fixed.
•Pay your bills on time.
Delinquent payments, even if only a few days late, and collections can have a major negative impact on your FICO score.
•If you have missed payments, get current and stay current.
The longer you pay your bills on time after being late, the more your FICO score should increase. Older credit problems count for less, so poor credit performance won't haunt you forever. The impact of past credit problems on your FICO score fades as time passes and as recent good payment patterns show up on your credit report. And good FICO scores weigh any credit problems against the positive information that says you're managing your credit well.
•Be aware that paying off a collection account will not remove it from your credit report.
It will stay on your report for seven years.
•If you are having trouble making ends meet, contact your creditors or see a legitimate credit counselor.
This won't rebuild your credit score immediately, but if you can begin to manage your credit and pay on time, your score should increase over time. And seeking assistance from a credit counseling service will not hurt your FICO score.

Amounts Owed Tips

This category contributes 30% to your score's calculation and can be easier to clean up than payment history, but that requires financial discipline and understanding the tips below.
•Keep balances low on credit cards and other "revolving credit".
High outstanding debt can affect a credit score.
•Pay off debt rather than moving it around.
The most effective way to improve your credit score in this area is by paying down your revolving (credit cards) debt. In fact, owing the same amount but having fewer open accounts may lower your score.
•Don't close unused credit cards as a short-term strategy to raise your score.
•Don't open a number of new credit cards that you don't need, just to increase your available credit.
This approach could backfire and actually lower your credit score.

*Contact a lender who will help you prepare and give you additional tips to repair your credit.

When you're ready to buy, contact me, and I'll help you find your perfect home.

Ralph Lusian, REALTOR
205-792-4692 (cell)
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Tue Feb 26, 2013
Gladys Webb answered:
Good morning, I noticed you have 2bed 2bath. There are several homes in the Taylorville Community if you would like more information on square footage, HOA fees, and purchase price, you can contact me by phone or email and I will be glad to offer my assistance.
Gladys Webb
Realty Executives
Tuscaloosa, Al 35401
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Fri Jan 25, 2013
Alison Hillman answered:
Hi there- Can you please clarify what specifically you'd like to know?

Happy to help!

Ali, Community Manager
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Sun Sep 16, 2012
Maria Cipollone answered:
When you say my credit is not so good, means that you know your credit score already. Contact a few mortgage brokers to find out exactly if you qualify or not. And if you do, they can be able to give a pre-qualification letter for the amoun that you can afford. Very important to do this, before you even think to start looking for a house.

Best of Luck,

Maria Cipollone
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Tue Jan 24, 2012
Gladys Webb answered:
Hi Lela, I agree with Heather, Shanna, and Dp2. If you have not been "educated on home buying" so to speak, then you need to get with your Realtor or a Realtor who works for you and not the other way around. In my personal opinion you never make any form of agreement verbally get it in writing it's your word against theirs but if it's in writing or some form of proof of agreement. It will make the one with the right stuff, look real good in the end. Most Real Estate Professionals put it in WRITING, talk with you in the begining about the process of buying a home, all your options, and how the deal may turn out profit or not. Most Realtors work very hard to help their clients and if you don't have representation and they do.....well.......Get with a Realtor who can explain the different roles we can hold in this business, ask questions.........and get answers! Buying a home is a very big and exciting new responsibility get help. Good luck! ... more
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Fri Oct 14, 2011
Gladys Webb answered:
Good question Lela, and there are a few ways to look at this:
1. Yes you can come back and attempt again to offer a price the seller will take.
2. It may be sold when you are ready.
3. You need to get with a good Realtor who can help you and work for you!

If you need any further help or have any questions and you don't want to post on Trulia feel free to email me.
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