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23323 : Real Estate Advice

  • All9
  • Local Info0
  • Home Buying2
  • Home Selling1
  • Market Conditions0

Activity 149
Mon Feb 2, 2009
Bonnie Tegge answered:
I know of three: John Ahren, Harry Purkey, Jr., or Shaheen & Shaheen.
Good luck and best wishes!
0 votes 6 answers Share Flag
Tue Jan 20, 2009
Kathryn Maguire answered:
The short answer is YES! We are experiencing a time of incredible selection in the houses that are available to buyers. As a first step, you should speak with a mortgage lender to determine the amount of mortgage you are qualified for. This will help you to focus your search. Next, determine the specific features you need and want in a home. How many bedrooms, bathrooms, one level or two, minimum square footage. After that, it is helpful to work with a local Realtor to help do to the legwork for you as you are on deployment. I am a Navy wife of 19 years and understand what it is like to face a home search when you are thousands of miles away. A local Realtor can help cull through your options, forward information on properties that might meet your needs, and even take pictures or videos of properties of interest. This will help save you numerous hours and frustration. If you have not owned a home in the past three years, you also qualify for the $7500 first time home buyer credit. Now is a great time to buy a home! Best of luck to you!

Kathryn Maguire, MBA, e-PRO
REALTOR
Rose and Womble Realty Co
757-560-0881
... more
0 votes 5 answers Share Flag
Tue Jan 20, 2009
Cherlynn Fagerheim answered:
Most of my "contingent" clients (those that have to sell first before they purchase another one) like to go and look at houses first to see what's out there for them to choose from. After you get a good idea about what is out there then you can put your house on the market and continue looking for a new house at the same time your house for sale. IF you find and fall in love with something and your home hasn't sold yet, you can always write a contingent contract. Most sellers are accepting contingencies these days. The risk you will run into if you list your house and sell before you find something is the possibility of moving twice or having to arrange housing. It can be a headache BUT the upside is that you can buy a home non contingent and usually get a better deal!
I hope this helps. Cherlynnf@remax.net
... more
0 votes 10 answers Share Flag
Thu Jan 8, 2009
Vicky Chrisner answered:
Eddie, my mom is handicapped and I looked into things for her. There are loans to make home modifications, but I was not able to find a special program to help with the purchase. If you find out something, could you please share with me? ... more
0 votes 2 answers Share Flag
Sat Sep 8, 2012
Ruby E. Reynoso answered:
If you decide to take advantage of the FHA Home Loan program, then you will not be as dependant on a credit score to qualifiy. Also, a 3% down payment is what is typically asked for to purchase a primary residence (the home you live in).

The federal housing administration (FHA) will want to use your income tax return to help qualifiy you and your fiance. Generally speaking two years of steady employment is what the underwriter of your loan is looking for.

The government will consider what line of work you and your fiance is in and the voucher that you have, but your file will look more attractive once your fiance actually has received income and can prove the earnings from bank statements and check stubs.

I hope this information helps. Please call me so that I can better answer your questions, 909-915-8224

Thank you
... more
0 votes 7 answers Share Flag
Thu Jan 13, 2011
Bonnie Tegge answered:
If you need to sell because of transfer, consider the true economic factors such as what properties are SELLING FOR not listed for. How long have you owned your home? Renting can be an option however there are risks because of damage from the renters that you will have to repair/replace later on. If you would like a Comparative Market Analysis and discuss this further, please don't hesitate to e-mail me at BTegge@PrudentialDeckerRealty.com. Let me know your address and I can pull the current statistics, etc. ... more
0 votes 9 answers Share Flag
Thu Dec 18, 2008
Jeff Nelson answered:
Hi Judy,

This normally depends on whether the lot is in an already established neighborhood or not. The restrictive covenants for a neighborhood usually state what kind of home can or cannot be built there. In my experience, most established neighborhoods do not allow modulars, however, if the lot is not in a neighborhood you are probably fine. Also, there may be restrictions on what type of modular home. As you probably already know, there are several grades of modular homes. The lowest grade of these are built fairly cheaply. A high quality modular home often can be quite elaborate and even built better than site built homes. Hope this helps. ... more
0 votes 2 answers Share Flag
Wed Dec 17, 2008
Drew Hitt answered:
Surprisingly I found out recently that a lot of local cities here in Hampton Roads offer grants to homebuyers, you typically have to make under the median income. Call your local city government to inquire about them. A great loan officer could probably find most of these grants for you. I could refer you to one that I spoke with recently about the grants. As long as you make under the median income in the area, you'll qualify. Just email me, or call if you'd like his name.

Drew
(757)639-2347
... more
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Thu Dec 18, 2008
Pat Mulligan, ABR, SRS, CDPE answered:
No, probably not, Judy. There are single-family homes in other HS school districts such as Oscar Smith, Indian River and Deep Creek. You can also find Townhouses and duplexes in the same districts as well as in the Western Branch district.

Also keep in mind, a lot of houses in that price range require significant repair and so might require rehab financing.

Feel free to go on my website to view all of the listings in the Hampton Roads area MLS.
... more
0 votes 2 answers Share Flag
Thu Mar 19, 2009
Nelene Gibbs answered:
Hi Judy:
The best thing you can do is get with a good reputable mortgage lender and have them go over your particular situation to see exactly what is available and what you may qualify for. If you would like to e-mail me I can provide you with some contact information.

Nelene Gibbs, Realtor, e-Pro
William E. Wood & Associates
mail to: nelene@homesbynelene.com
... more
0 votes 1 answer Share Flag
Thu Jan 24, 2013
J Paul Piccoli answered:
I am a Realtor, as well. I currently live there and have for the past 6 years with my wife. We have never had any problems. We live on Ohio St and our neighbors are excellent. If you're sketchy on the area your Realtor should be addressing these issues with you. ... more
0 votes 20 answers Share Flag
Sun Nov 16, 2008
Kathryn Maguire answered:
Can you please give me the address of the property in which you have an interest? If it is 312 Preservation Reach in Chesapeake, the answer is no, it is only for sale...not for rent. Please let me know if I can answer any other questions.

Kathryn Maguire
MBA, e-PRO
757-560-0881
... more
0 votes 1 answer Share Flag
Fri Oct 10, 2008
Pat Mulligan, ABR, SRS, CDPE answered:
Not many agents in Hampton Roads (AKA Tidewater) are working with renters. I blame that the tendancy of several of the larger Property mangement divisions of local agencies not paying a decent finders fee for co-operating agents who bring a renter to their listings. Manytimes- the finders fee won't even cover the gas to drive around town.

Unless someone else speaks up here, I would contact a Realtor who can search properties for you and give you detailed info including the Property Manager's direct contact info. Evidently, some of these firms prefer to show thier own properties, so I direct folks there.

I will put a renter on a property search through the MLS as a pro bono service, knowing that I will receive nothing for it. Unfortunately, I cannot afford the time or money to drive around showing rental property, especially in a large geograhic area. Feel free to contact me and I will put you on that search.
... more
0 votes 4 answers Share Flag
Wed May 29, 2013
Frank Biganski answered:
Hello,

I work a lot with condos and townhomes and although this type of exterior finish has been known to be problematic, I have not heard of any issues in this community. Try contacting the management company directly and asking them -- here is their contact info.

WWW.UNITEDPROPERTY.ORG
(757) 497-5752

Frank Biganski, Realtor ABR
(757) 303-0517
... more
0 votes 2 answers Share Flag
Thu Oct 30, 2008
Chris Faircloth answered:
Good morning Allison,

I would recommend that you interview several local agents. The agent you select should have experience and in this slow market a strong agent should be thriving. I would ask them about the number of homes sold this year and last year. I would ask about their marketing plan. I would ask them for their list to sell ratio.

Feel free to visit me online for more information on selling.
... more
0 votes 8 answers Share Flag
Wed Sep 24, 2008
Ed Graybill answered:
Rachel,

I'm not sure if I can answer all your questions correctly for you without more information. It sounds to me like the property is going to go to auction, (not certain what type of auction) but is currently still listed with an agent. I work with a Bankruptcy Trustee here in VA Beach and I often have listings where the owners have filed for bankruptcy and are required by the court system to sell the house in order to satisfy the bankruptcy estate. In this market, these listings often don't sell in the time period allowed by the mortgage company. When that happens, there will be a notice of foreclosure auction posted in the paper. This property may be in the same situation, but I can't tell from the information provided. Have you signed a “Buyers Agreement” to work exclusively with the agent representing you? If you feel that the agent representing you is not doing his job, you are certainly open to getting another agent if you have not signed the “Buyer’s Agreement”. If you did sign the agreement, and he is not fulfilling his duties per the agreement, notify his Broker or contact the local Realtor’s Association. If the house is currently listed with an agent, there should be no reason, he cannot show you the property. You do have the right to negotiate with the bank directly if you like, but it can be a very difficult process just getting through to a bank representative who may be in charge of that particular property that can help you. Sounds like there’s a first and second mortgage involved here, which means you may have to negotiate with both banks! If you cannot be there for the auction, perhaps you have another person you can trust to go as your representative. See if the auctioneer will allow your representative to bid for you with a specific power of attorney. If you go that route, you will need to make sure your representative knows what your limits are though. Also, if it is a foreclosure auction, make sure you do a "previous owner search" through a title company before the auction as there may be other liens on the property that you are unaware of. You don't want to inherit any surprise liens in the end! ... more
0 votes 3 answers Share Flag
Tue Jul 15, 2008
Carl Fuller answered:
Most agents can find you a condo in one of the areas you specify for under 200K. In this market, its not difficult to negotiate better deals for buyers, as long as the agent understands the dynamics of this market and educates the buyer. There are several ways to enhance a buyers bargaining position. I am willing to discuss how, when contacted.

Please consider an agent whose experience and expertise in negotiations sets him apart.

Sellers will not "give their homes away" (sometimes rather going bankrupt) and want a fair offer. In our current market, a fair offer for a particular property might be anywhere from $5,000 - $25,000 or more below what the seller desires(depending on many factors, which I will explain to my clients. However, the buyer must be very motivated, approved for a loan if possible(which gives him an advantage in the offer and negotiations) and understand the big picture( not looking at cosmetics, unless he's paying close to market value). Please contact me for more information on how to take advantage of this "buyers market!" My email address is: fullercarl2@cox.net
... more
0 votes 3 answers Share Flag
Sun Aug 9, 2009
Carl Fuller answered:
I am an exclusive buyers agent, meaning I will represent you(buyer) only in any real estate transaction where I represent you. I apologize for the agent who only sent you her listings. My goal is to gain "clients for life", therefore, I must give outstanding service, in addition to being knowledgable. Please email me for references and more details at: fullercarl2@cox.net ... more
0 votes 7 answers Share Flag
Tue Jul 15, 2008
J Paul Piccoli answered:
I just did a search and came back with 18 that are LISTED for $250k or less. There are more that I'm sure could be negotiated down from their list price above $250k. All have at least 3 bedrooms and are listed as being in the Grassfield district. I have a friend that teaches there. I would be happy to meet with you and share this information if you would like. Email me back at Tim@PiccoliPartners.com if you're interested. Take care. ... more
0 votes 6 answers Share Flag
Mon Jul 7, 2008
Tina Merritt answered:
In Hampton Roads, the average sales price is $218,000 (per the latest Old Dominion University statistics). As consumers look for more affordable housing, they will choose to live in areas that are more affordable and we will see an increase in inventory for homes which are less desirable. An increase in inventory will result in decrease in pricing; however, the economists at ODU do not predict a housing market in Hampton Roads to emulate that of California or Nevada. We may see some marginal price corrections, but not huge slashes. This is because our area was not hit as hard by the subprime market as other areas of the United States. ... more
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