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28906 : Real Estate Advice

  • All20
  • Local Info3
  • Home Buying10
  • Home Selling2
  • Market Conditions0

Activity 24
Wed Mar 20, 2013
Keith Jean-Pierre answered:
There is no mininum credit score for rentals, it is at the discreton of the management company or individual landlord.
0 votes 1 answer Share Flag
Thu Mar 21, 2013
Keith Jean-Pierre answered:
No, but almost every landlord or management company does one these days to protect their investment.
0 votes 2 answers Share Flag
Thu Mar 21, 2013
Diane C. Blakemore answered:
Our real estate company requires a credit check before renting any of our
homes. We do not check credit scores. We also require 3 personal
references and a security deposit. .


If there are extenuating circumstances, like medical bills. it is considered.

Many do not understand that home owners have to pay higher insurance
on rentals, have to pay county taxes, and town tax, if home is located in town.
Owners may also still have a monthly mortgage payment on the home, and
have continued maintenance bills to pay.
... more
0 votes 1 answer Share Flag
Sun Mar 2, 2014
Dex Hubbard Sr. answered:
0 votes 4 answers Share Flag
Tue Jan 22, 2013
Sherry McGregor answered:
There is cable in some parts of the county. We also have dish and direct television, which for the most part works good unless you have trees blocking the signal. Then you either cut the tree, trim the tree, or do without.
For Internet services we have fiber optic in some areas, DSL in other areas, dial up still for some folks and there are people who utilize dish or direct internet options.
Our internet capabilities have increased greatly over the last three years. Instead of just the phone company with a dial up service, they now offer DSL. We also now have other service providers available.
Please feel free to contact me with the properties you are interested in and I will be glad to give you telephone numbers to the service providers in the area. Bell Hill Road, you possibly will have DSL through the phone company, fiber optic through another provider, as well as, dish and direct. Call me if you need telephone numbers at 1-828-837-0424, I will be glad to help you.
... more
0 votes 2 answers Share Flag
Tue Jan 22, 2013
Laura Feghali answered:
Hi Papadave,
I "Googled" the nearest Walmart in Murphy and this is what it showed me:

Walmart Supercenter

2330 Us 19, Murphy, NC
(828) 837-9184

Hope this is helpful!


Laura Feghali
Prudential Connecticut Realty
... more
0 votes 4 answers Share Flag
Tue Jan 22, 2013
Joan Posey answered:
Hi Per the Protective Covenants page 8 Section 8: No poultry of any kind. Back in the day most developers did restrict against chickens etc. and now lots of folks wish to have a few so it is a double edged sword. Really hard to have that changed at this point. Let me know if you have any other questions. Joan ... more
0 votes 2 answers Share Flag
Thu Oct 11, 2012
Jack Shingler answered:
It could be from 2500 to 9500 it just depends on all that it has ,for more info. Give a call or email me at jackshingler@aim.com.
321/279/1049 thank you
0 votes 4 answers Share Flag
Mon Aug 13, 2012
James Gordon ABR SFR SRS answered:
Talk to the owner if it has not went to forclosure sale yet. They may be able to do a short sale and you would be able to purchase the property.
Once the property becomes lender owned they will list it with a Realtor® on the MLS as it has been proven that the bet way to get the maximum price for a property is to expose it to as many buyers as possible. ... more
0 votes 3 answers Share Flag
Tue Jan 22, 2013
Bill and Cyndi Daves answered:
Selena -

There are sellers out there who are willing to do seller financing. However, they typically are going to ask for a credit report AND at least a 20% down payment. If your price limit is $60,000 then you are going to need a down payment of at least $12,000 with another $1500 - $2000 for closing costs (attorney fees, title insurance, pro-rations of taxes, homeowners insurance, etc).

I would suggest speaking with a lender who offers loan programs such as USDA which requires a lower credit score and will do 100% financing. I will be more than happy to recommend a couple of lenders.

My other suggestion would be to start working on raising your credit score and saving for a down payment. Make sure you pay your bills on time or even before they are due; pay down balances on credit cards (don't close accounts without speaking with a lender as closing accounts isn't necessarily always recommended); create a savings account and at to it regularly. You should have an amount in savings that is equal to 6 months of your monthly bills. In other words if your monthly bills are $1500, then you should have at least $9000 in the bank PLUS the $$ you will need for a down payment.

To make sure you can really afford the home purchase, you should also be setting aside the amount that owning and maintaining a home exceeds your current rent. If you are paying $500/month in rent and your mortgage payment, taxes, insurance, and planned maintenance for the home will be $900/month then you should be setting aside an extra $400/month. If you can afford to this, then you can be confident you will be able to support your housing obligation.

Fixing your credit is the best place to start. It may not be the answer you're looking for but it truly is the best plan.

Best wishes!

Cyndi Daves
... more
0 votes 3 answers Share Flag
Tue Jan 22, 2013
Bonnie Dupree answered:
No..Contact Lauree Pavis at Nantahala Bank ay 828-837-1402. Lauree has helped several of my clients obtain a USDA Loan.

If I can be of further assistance please do not hesitate to contact me.

Bonnie DuPree
Associate Broker
ReMax Mountain Properties
1151 US Highway 64 West
Murphy NC 28906
Office: 828-837-3002
Fax: 828-837-8372
Cell: 828-361-1027
Website: www.BonnieDuPree.com
... more
0 votes 3 answers Share Flag
Fri Jan 18, 2013
Edith Karoline Jasser answered:
If the buyer intends to buy an investment property then he or she will be happy to buy a property that already has a long term renter, and so you should inquire about the terms of that long term rental agreement, does it mean several months, or one year or 2 years.....

If you are working with a Realtor he or she will be able to look at the rental or lease agreement to see what your options are going to be if you are still interested to buy the property. Do not assume anything
look at the terms, have Realtor find out the facts, with a long term renter, why do the owners want to sell????? Lots of questions make sure you have an experienced Realtor assist you.

EdithSellsHomes@gmail.com
@Properties North Shore, 30 Green Bay Rd, Winnetka, Il. 60093
covering the city of Chicago, all N and NW suburbs and the fine homes of the North Shore
Edith always works in the very BEST interest of her clients, Buyers, Sellers and Investors alike and she certainly goes the x-tra Mile with a Smile for all her clients with experience and market expertise

Have a wonderful Day!
... more
0 votes 7 answers Share Flag
Thu May 3, 2012
Sherry McGregor answered:
There are several things that can be done to help with this situation. Your Realtor should be able to advise you on the solutions and send you in the right direction. Because of legal liability most Realtors are not willing to advise someone on these type matter without having a client relationship established.

Call if I can help you with your purchase.

Sherry McGregor
Timberwood Mountain Realty, Inc.
5593 Hwy. 64 W.
Murphy, NC. 28906
828-837-0424 or 828-735-3041
... more
0 votes 5 answers Share Flag
Tue Apr 24, 2012
Tim Moore answered:
I would think that if the HOA filed liens on the lots that the bank will have to pay them when they sell them since they can't be sold while encumbered. I don't think they have to pay them when they foreclose, but then I only play an attorney on tv so you really need to ask one of them. I would make sure you file liens on the lots. ... more
0 votes 3 answers Share Flag
Wed Jan 4, 2012
Ann Ryan answered:
Harriet, did you mean to send this question to your agent? Because not all agents monitor this board.
0 votes 1 answer Share Flag
Sun Nov 22, 2015
Ron Thomas answered:
You are saying the 3 out of 4 people in that city are victims of VIOLENT CRIME?

Where did you get your information?

From someone that you trust?

Good luck and may God bless
0 votes 11 answers Share Flag
Mon Sep 19, 2011
Jottie Queen asked:
0 votes 0 Answers Share Flag
Sat Apr 28, 2012
Daniel Fisher answered:
Nothing in Murphy right now. There are a couple in GA - outside our coverage area.
0 votes 2 answers Share Flag
Tue Jul 13, 2010
answered:
Hi Sheila

You'll need to raise your credit scores to a min of 620-640. Talk to an exeperienced and reputable loan officer (possibly a referral from a realtor if you don't have someone already in mind) that is knowledgeable when it comes to credit restoration. Depending on your particular circumstances, it may not require much to get you were you need to be in better guarenteed financing at a low interest rate and costs. ... more
0 votes 4 answers Share Flag
Thu Jun 24, 2010
Jb asked:
0 votes 0 Answers Share Flag
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