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Doraville : Real Estate Advice

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  • Home Buying3
  • Home Selling1
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Activity 5
Tue Feb 12, 2013
Rodney Mason answered:
Real estate agents are not allowed to comment on a variety of topics. The Fair Housing Act restricts the information that can be provided by a real estate agent.

Off Limit Topics Include:
• Crime Statistic (including questions about whether a neighborhood is good or bad or safe)
• Demographics
• Environmental Concerns
• Household Income
• Religion
• Schools (including questions about how good or bad the school is)

Determining to the answers to questions on any of the topics listed above is something that you would need to do on your own. It is up to the individual to make their own determination about a specific area. If a real estate agent were to comment on such a thing, it could be steering which is a prohibited act.

Some websites to try include:
www.crimereports.com

www.familywatchdog.us/

www.neighborhoodscout.com

www.greatschools.org/

www.schoolmatters.com

Reasons Why A Real Estate Agent Cannot Comment
http://realestate.msn.com/article.aspx?cp-documentid=20748062
http://www.fairhousing.com/index.cfm?method=page.display&pageid=3657
http://realestate.aol.com/blog/2010/12/06/what-a-real-estate-agent-cant-tell-you

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 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.
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Fri Jan 4, 2013
Travis Williams answered:
That is a question that the listing agent can only answer right now. If you'll call me in the a.m. then I'll hopefully have an answer if the agent responds.

Travis Williams
BHGRE Metro Brokers
404.422.8568
www.MyAgentIsTravis.com
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Sat Dec 3, 2011
Stephanie McCarty answered:
Your question is typical of what we are seeing in the market - alot of confusion about what a short sale is really all about.
First, if you are extremely capable of afffording your home you have your answer to all of the other questions - you probably don't qualify for a short sale.
In order to entice the bank to work with you on a short sale, the seller must prove hardship. Basically all of the financial information that you would provide if you were applying for a loan will be required by the bank to make a decision about your hardship.
No hardship, no short sale. The banks expect us to honor our contractual obligation when they loan us money for a car or a house. Cars aren't worth a toot once you drive off the lot but you we still buy them and we are expected to pay the full amount of the agreed purchase price.
It's the same with a house - you agreed to pay and there were no contingencies in your loan documents for loss in value.

Why would you want a potential out? You bought the house for a place to live - doesn't it still serve that purpose?
We have all lost equity in our homes, but, just like it has always been in the past, this market will turn around and prices will begin to go up again.
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Sun Oct 24, 2010
CCC answered:
Hi I hope this links help you in your jurney:
http://www.hud.gov/local/index.cfm?state=ga&topic=homeownership

I will recommend a Homebuyer Education.
http://www.dca.state.ga.us/housing/Homeownership/programs/GeorgiaDream.asp

Best and Buy!

Benito.
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Sun Mar 9, 2008
Judy Wittenberg answered:
Hi Renee,

Those being brand new townhouses, there have not been any resales yet. It's a unique development for that part of Buford Highway, being the only townhomes in the area. They have nice upgrades and appointments and are in a very convenient location for access to 285 and 85 and being just outside of the perimeter is a plus.

It's difficult to sell a townhouse when they are still building in the community. If you plan to be there a while, and wouldn't be selling it until they were completely built out and sold your chances of being able to resell at a good price will be much greater. It also depends on how many others are just like yours at the time you go to sell and how good yours looks compared to theirs. The homeowners fees are reasonable and it seems like a great place to have for future rental income, given where it is located.

If you would like information regarding the units that have sold recently please let me know. Feel free to contact me or visit my website. Judy
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