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31146 : Real Estate Advice

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Activity 2,105
Sun Apr 28, 2013
Lee Taylor answered:
Depends on the quality of the advice, doesn't it?

There is no certain "bad" form, however "hire slowly, fire quickly" always seems to make sense to me...

And, it's a two way street - it's not considered "bad form" when a seller and I do not see eye to eye on marketing and listing of a property, and then I tell them that I am not interested in being their agent.

Bad form is rampant in our business, it's rampant in America, however in the context of your question - no because it depends on the quality of the advice.

Sellers should not ever feel obligated to hire someone if they are not 100% comfortable with that person and their team.
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0 votes 6 answers Share Flag
Thu Apr 11, 2013
Kaylane Peters-Davis answered:
hi Arkla
I can definitely assisdt with purchasing a home in those areas give me a call.
Kaylane Peters
Coldwell Banker South Gwinnett
kaylanepeters@hotmail.com
404-907-0798
0 votes 4 answers Share Flag
Tue Apr 9, 2013
Jeffrey K. Claeson answered:
If the offer is good and its cash, take the cash and run
0 votes 5 answers Share Flag
Tue Apr 9, 2013
Lee Taylor answered:
Too many choices. Roswell is indeed a good one.

What is your price range?
0 votes 4 answers Share Flag
Thu Jun 13, 2013
Arkla answered:
HELLO,

FIND A BUYERS AGENT OR REALTOR IN AREA...

THIS IS A SELLERS MARKET & RENTERS.
MANY INVESTORS ARE STARTING TO SELL HOMES AND SOME WILLING TO LEASE, BUT AT A HEFTY $$$$$...YOUR PRICE IS GOING TO BE LIMITED TO NOT SO GOOD AREAS IN NORTH ATLANTA, OR DECATUR. MOST GOOD NEIGHBORHOODS ARE SEEING RENTS STARTING AT $1500/MTH. ... more
0 votes 3 answers Share Flag
Mon Apr 15, 2013
Michael Hammond answered:
What is the Listing Broker telling your representative, purelife9999? Would guess there has been some level of communication from BOA. Please call, text or email if we can provide further assistance. Good Luck!

Michael Hammond
SellsRealty@gmail.com
404-538-5499

http://www.georgiamls.com/agentsite/index.cfm?SiteID=HAMMONDJOHNM

http://www.chapmanhallprofessionals.com

http://www.SellsRealty.org

http://www.city-data.com/

http://www.greatschools.org/
... more
0 votes 15 answers Share Flag
Tue Apr 9, 2013
Robert A Whitfield Broker answered:
That depends on a number of things, like:

1. Who is doing the house hunting - a buyer working on their own (very slow) - or a buyer who is working with an experienced agent/broker..faster but can vary dramatically from agent to agent
2. What type of loan is being used - GA Dream loans and the like can take 45+ days to close - so you need to count backwards and allow a cushion
3. Has the buyer done the necesary homework to determine exactly where they want to live and why..
4. Does the buyer have a good idea of what type home they wil get for a certain price on the areas they wish to target - $400K goes a lot farther in Woodstock than it does in Vininigs or Buckhead
5. Are they buying a SF home or condo - if condo, (to do it right - and you know what you are doing) can take extra time to comfirm all the important info about the HOA and buiding issues that can impact buyers.

I like to start house hunting at least 45 days before the cleint wants to be in a home to go through the entire homefinding process and close. I have done the whole process in as little as two weeks from entering into a Brokerage Agreement to represent a buyer, but I am extremely fast when it comes to identifying ideal homes for clients, and in those cases my clients loans were already approved and we were able to get an appraisal quickly.


Robert Whitfield
Broker/Owner
Professional Buyers Broker
New Home Construction Expert
ICC Code Certified Building Inspector
Advantage Realtors
678-585-9691
RobertWhitfield.com
TheHomeBuyersRep.com
Corporate Relocations | New Construction | Luxury & Investment Properties
... more
0 votes 5 answers Share Flag
Fri Jun 21, 2013
Michael Hammond answered:
Consider contacting a Lender, Dionne. There are many factors to consider in determining where your price point and loan amount could be. Please call, text or email if we can provide further assistance. Good Luck!

Michael Hammond
SellsRealty@gmail.com
404-538-5499

http://www.georgiamls.com/agentsite/index.cfm?SiteID=HAMMONDJOHNM

http://www.chapmanhallprofessionals.com

http://www.SellsRealty.org

http://www.city-data.com/

http://www.greatschools.org/
... more
0 votes 9 answers Share Flag
Sat Apr 6, 2013
Ava Anderson answered:
Sounds like you need to be within the city limits of Atlanta, not in the suburbs. You have many choices are you looking to rent or purchase?
0 votes 11 answers Share Flag
Thu Feb 5, 2015
Fred Yancy answered:
MORTGAGE LOANS FOR NON-US CITIZENS


We receive requests from people interested in buying a home in the United States who are not US citizens. The status of a person in the United States makes different loan programs available depending on the length of stay that the person is allowed to stay in the country.

We will try to describe these options from least difficult to most difficult.

PERMANENT RESIDENT ALIENS

These people are able to apply for a loan in exactly the same conditions as any US citizen. Loans to these customers are purchased automatically by Fannie Mae and Freddie Mac. The person must show us the ?green card? issued to him by the Immigration and Naturalization Service (INS). Sometimes the bank will ask for an authorization to contact the Social Security Administration ( SSA) to confirm the social security administration. These borrowers have access to all loan programs, first mortgages, second mortgages, home equity lines of credit and mortgage insurance. Borrowers must have a valid social security number.

H1B VISA HOLDERS

H1B visas are issued to international workers who come to the United States for a definite period of time. Usually between three and six years. Normally banks treat these applicants as permanent residents, in some cases they will ask to see a petition to extend the residency permit. Interest rates and conditions will be similar to those offered to US citizens. The SSA will have provided these applicants with social security numbers.



WORK PERMIT

Known as the Employment Authorization Document ( EAD) the work permit is given to students, fiancées of US citizens, foreign diplomats, special workers. Fewer banks are willing to provide a mortgage to these persons due to the short term they are allowed to stay in the country. Other banks state that they are only concerned that the person is in the US legally and will provide a mortgage under normal conditions.

FOREIGN NATIONALS

It has become very difficult to obtain mortgage financing for foreign nationals in the last year. Fannie Mae and Freddie Mac have removed those options from their offerings. Most national mortgage lenders that provided foreign national mortgages no longer offer them. Several banks in Florida still offer loans to foreign nationals who are buying property in that state. The borrower usually has to put 25% as down payment and provide proof of employment and credit in his native country. They must provide a tourist visa that allows them to visit the US and the home they buy in the US will be considered a second (vacation) home for them. It is unfortunate that this kind of financing is so restricted at this moment. Investments by foreigners at this time of a glut in the housing market and a weak dollar would open up many options to sell homes.



ITIN MORTGAGES

For many years the Internal Revenue Service ( IRS) has provided non US citizens with Individual Tax Identification Numbers (ITIN). These numbers are used by the IRS to track (and be able to tax) income from dividends, savings, commissions and other income generated in the US. The ITIN does not allow the person to live or even be in the United States, it is only a medium for tax control. Some companies however are using the ITIN to identify their customers in credit transactions and thus reporting them to the credit bureaus. A limited number of national banks offer mortgages to ITIN holders. Some banks will use the ITIN number when assigning customers checking, savings accounts and CDs. Some local and regional banks offer mortgage loans to customers with ITINs. These customers provide a history of employment, sometimes alternative credit documents ( utilities, insurance bills, retail accounts, cellular phone bills) and bank statements to qualify for a mortgage loan. At one time loans for these customers only required 3% down payment, now most programs require between 10% and 15% down payment.
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0 votes 9 answers Share Flag
Mon Apr 8, 2013
answered:
HI Jennifer,
Your Buyer's Agent will be able to help you compare the various features of each property. You do want to take a close look at each HOA to make sure it is sound. The newer the building, the smaller some of the units tend to be.

My office is actually located in the retail space of The Dakota. I have been in this office for almost 12 years now. A lot has changed in that time though.

If you are looking to purchase a property, working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your mortgage options. To get Pre-Qualified for your purchase, you can submit your request online at www.rodneymason.com.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
... more
0 votes 5 answers Share Flag
Sat Apr 6, 2013
Tyler Willis answered:
Feel free to contact me anytime. I'd be more than happy to assist you.

Tyler Willis, REALTOR®
Keller Williams Realty Intown Atlanta
621 North Ave NE, Suite C-50
Atlanta, GA 30308
Office: (404)541-3500
Direct: (678)656-5524
tylerwillisintown.kwrealty.com
... more
0 votes 9 answers Share Flag
Mon May 15, 2017
answered:
Hi Reginald,
I would be happy to get you a letter today. Please call me at 740.602.3320 or on my office line at 866.901.3570. I am very experienced working with VA borrower's and look forward to working with you.
Regards,
Regards,
Julie A. Horvath
Northpointe Bank
Area Manager
555 Metro Place North, Suite 320
Dublin, OH 43017
NMLS ID: 563029
866.901.3570 phone
740.602.3320 mobile
866.901.3571 fax
... more
0 votes 15 answers Share Flag
Thu Apr 4, 2013
Fred Yancy answered:
You’ll have an expert to guide you through the process. Buying or selling a home usually requires disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, and multi-page settlement statements. A knowledgeable expert will help you prepare the best deal, and avoid delays or costly mistakes.

Get objective information and opinions. Real estate agents can provide local community information on utilities, zoning, schools, and more. They’ll also be able to provide objective information about each property. A professional will be able to help you answer these two important questions: Will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell?

Find the best property out there. Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your agent to find all available properties.

Benefit from their negotiating experience. There are many negotiating factors, including but not limited to price, financing, terms, date of possession, and inclusion or exclusion of repairs, furnishings, or equipment. In addition, the purchase agreement should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required.

Property marketing power. Real estate doesn’t sell due to advertising alone. In fact, a large share of real estate sales comes as the result of a practitioner’s contacts through previous clients, referrals, friends, and family. When a property is marketed with the help of a real estate agent, you do not have to allow strangers into your home. Your agent will generally prescreen and accompany qualified prospects through your property.

Real estate has its own language. If you don’t know a CMA from a PUD, you can understand why it’s important to work with a professional who is immersed in the industry and knows the real estate language.

Real estate agents have done it before. Most people buy and sell only a few homes in a lifetime, usually with quite a few years in between each purchase. And even if you’ve done it before, laws and regulations change. Real estate agents, on the other hand, handle hundreds of real estate transactions over the course of their career. Having an expert on your side is critical.

Buying and selling is emotional. A home often symbolizes family, rest, and security — it’s not just four walls and a roof. Because of this, home buying and selling can be an emotional undertaking. And for most people, a home is the biggest purchase they’ll ever make. Having a concerned, but objective, third party helps you stay focused on both the emotional and financial issues most important to you.

Fred Yancy, Broker
Crye-Leike Realtors
(678) 799-4663
http://fredyancy.crye-leike.com
... more
0 votes 11 answers Share Flag
Tue Apr 9, 2013
Robert A Whitfield Broker answered:
Hi Ted,

Let me refer you to a great lender:

Mark Milam | Production Manager
Heritage Bank Mortgage
Mmilam@eheritagebank.com
3333 Peachtree Rd, Ste M-10, Atlanta, GA 30326
t: 404.395.1102 | f: 404.506.9484

If he can help you get the loan, I can definitely help you locate and acquire a sound well built home at the best possible price.

Regards,

Robert Whitfield
Broker/Owner
Professional Buyers Broker
New Home Construction Expert
ICC Code Certified Building Inspector
Advantage Realtors
678-585-9691
RobertWhitfield.com
TheHomeBuyersRep.com
Corporate Relocations | New Construction | Luxury & Investment Properties
... more
0 votes 4 answers Share Flag
Wed Apr 3, 2013
Bruce Ailion answered:
Wed Apr 3, 2013
Tyler Willis answered:
No

Tyler Willis, REALTOR®
Keller Williams Realty Intown Atlanta
621 North Ave NE, Suite C-50
Atlanta, GA 30308
Office: (404)541-3500
Direct: (678)656-5524
tylerwillisintown.kwrealty.com ... more
0 votes 8 answers Share Flag
Wed Apr 3, 2013
Lee Taylor answered:
Are those really your two main reasons? Everything else doesn't matter as much as those two conditions?

I think I need to state: don't rely on the representations of anyone on this website, especially me

Actuarial people figure this stuff out everday - call a few insurance brokers. Those people live to quote policies.

Define "Atlanta."

Cities like McDonough or Douglasville or Hoschton are kinda sorta like Goldsboro in size and development and "threat level" from terrorists and you know stuff like bombs and all that kinda stuff and some people call them part of "Atlanta."

Are you more worried about street crime?

Well, Trulia's got a very creative beta Crime heat maps research site. Check the web reference.

So, I live in the city of Decatur - about 5 minutes from the CDC and Emory University over in Atlanta, and about 5 minutes from East Lake, Druid Hills and Kirkwood in Atlanta.

All are policed differently.

This morning, in Decatur we have about 25 crossing guards posted at every major intersection by about 730am with "safe streets" walking paths to and from every school - we have walking paths to parks and pools and we have an epicenter with 30+ restaurants. We have MARTA in the middle of it. MARTA has a visible police force and Decatur has probably 6-8 police personnel on the streets 24/7.

We host a 50,000+ attendee Literary Festival every year. Folks are building apartment buildings on the grounds of my office property now. Restaurants keep opening up. Tourists come here everyday - the bridge and tunnel crowd every weekend.

Sounds about as close to as you can get nowadays to TV's Mayberry, NC.
... more
0 votes 5 answers Share Flag
Mon Oct 2, 2017
answered:
Those scores are pretty good, but that is a serious derogatory credit item.

Physician loans are portfolio programs, so the lender is free to implement their own underwriting guidelines, but this also means they can probably make a judgment call on things.

If the rest of your credit otherwise is good and you can provide a good explanation then hopefully this will be OK.

If not then you may have to go FHA. It's 3.5% down and you'll probably have to wait until he starts working. But it's an option nonetheless.

If it doesnt work then try another lender who offers a physicians loan before you give up and go FHA.

Best of luck!
... more
0 votes 18 answers Share Flag
Mon Jun 24, 2013
answered:
To find out the answers to your question, you would need to get Pre-Qualified. Getting Pre-Qualified prior to beginning the home search is critical. To do this, you would need to submit a Pre-Qualification request along with your financial documentation. The following documentation will be needed:

• Two most recent years of W’2’s/income 1099’s
• Two most recent years of Federal Income Tax returns
• Two most recent pay stubs
• Two most recent months of bank statements (all pages)

A loan officer who does not ask for and properly reviews all of the above documentation is doing no service to you and may not be very experienced. Experienced loan officers know that many issues come to light only once the actual documentation has been reviewed.

A Pre-Qualification is valid for 90 days from the date that the credit report has been pulled. At the time of closing, most documents (i.e. credit report, income/asset documentation, appraisal, etc.). Should anything be older than 90 days, an update will be required. For credit, this is simply the loan officer obtaining a new credit report.

As one of the largest direct lenders in the country, Prospect Mortgage offers one of the largest selections of loan programs available. In addition to the standard conventional, FHA, VA, USDA, and Jumbo, we also offer a wide range on Renovation loan programs. Our Renovation programs include FHA 203K (Streamline & Consultant), HomePath Renovation, and HomeStyle Renovation. In addition, we also have an FHA 580-639 FICO program for borrower with previous credit issues.

Working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your options. To get Pre-Qualified for your purchase, you can submit your request online at www.rodneymason.com.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
... more
0 votes 3 answers Share Flag
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