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Madison County : Real Estate Advice

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Activity 139
Wed Dec 3, 2008
Dallas Texas answered:
Contact a realtor who can represent you regarding the contract. These types of sales can be extremely tricky unless you read the fine print. How do you know there is not a mortgage on a home, or just taking it from seller word. Keep in mind any lease/ lease option purchase your in business with the property owner/seller best to always try to obtain your own loan to purchase a home. These types of transaction in some instances lead to major problems. Also confirm there are no liens on the property
http://www.lynn911.com http://www.homes-for-sale-dallas.com
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Wed Dec 3, 2008
Dallas Texas answered:
Have your buyers agent review the contract terms and conditions with you. In many instances if you are a day late in any payment purchase converts to straight lease. I would be careful about providing a huge down payment you dont know how credit worthy the seller/ property owner is and their future can change. In some instances huge downpayments seller has taken then home is in foreclosure you have lost everything. I recommend to lease option to purchase within a certain amount of time 1st right of refusal. In the meantime if you are doing a lease purchase I would focus on credit repair where you are in control of the property. Frankly you would be in business with property owner which can cause future issues, depends on the seller personality and etc. GOOD LUCK
http://www.lynn911.com http://www.homes-for-sale-dallas.com
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Mon Nov 24, 2008
David Dweck answered:
That will depend solely on the contract you sign. Always have it reviewed by a Real Estate Attorney so he/she can tell you about the clauses. If you want to get easy access to attorneys for reviews, sign up for a pre-paid legal plan that allows reviews. These are generally month to month plans and that could save you hundreds of dollars. ... more
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Sun Oct 26, 2008
Craig LaMar answered:
Hi Kathy,
Hello from Huntsville, AL. Not in TX, but assumable loan opportunities are pretty much the same everywhere. For several years now, lenders with which I am working no longer allow the assumption of a mortgage. So as homes change hands and new mortgages are created, there are now very, very few if any houses for sale which would have assumable loans.
There are exceptions. I think VA still can be assumed, and if a seller allows a purchaser to assume that loan, then the seller is still responsible for that mortgage. So most are not willing to allow someone else to assume their loan.
I am a real estate broker and not a lender. You should check with a local lender to get their comments on assumable loans as they deal with it everyday.
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Sun Mar 1, 2015
Vicky Chrisner answered:
Angie - your best bet is to talk with a local real estate agent who will refer you to a local lender. Together, they can give you a good idea of what to expect. In general, there are no more federal programs that permit purchasing with no money down, so the least is 3% of the sales price ($200K home = $6K down). But, that is using an FHA loan - which is easier to use in some markets than others. Also, an agent can tell you if you can expect to be able to negotiate assistance with closing costs, or if you'll probably have to pay that at closing, too. Email me with your contact information, and I'll be happy to suggest a local agent to assist you. vchrisner@kw.com 703-669-3142 ... more
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Tue Jun 23, 2009
Barry Lynn Miller J.R. answered:
An offer is a contract that someone gives you to buy your property if you accept the terms it is a Contract if you change the terms it is then a counter offer. If you wish to sale your own property with out the help of an agent you should find some one willing to write and preset the offer as a transaction Broker which is a lower fee (anywhere from $500 to 1% of contract price you may also contact a Real Estate Attorney to assist or reveiw the contract but don't be surprised if they refer you back to an agent. You may also contact an attorney for a contract that is popular for the area they do vary from place to place ... more
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Thu Jan 14, 2010
LePage Williams answered:
Hello Charlie,
This area includes Madison, AL. The area is expecting an increase due to a military base realignment program that is underway. If you email me, I will be happy to send you some houses in your interest range. My email address is lepawill@charter.net. I work for a large real estate company that has an office in Huntsville, Madison and Decatur, Alabama. Are you planning to come to the Huntsville in AL? or another Huntsville.....???? Let me know if I can help you in any way. LePage ... more
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Tue Jan 19, 2010
Diana Welch answered:
Hi Mr. Small, My experience has been that "short sales" are known to the Listing Agent of a home that is heading in that direction, the bank forclosing on the property or referral contacts throught the Agents by Clients that know that foreclosure is imminent. I have a partner that "specializes" in short sales and she understands the specific workings of the process- much different from average residential sales. Strategically, it can be good for an investor, especially in the current Buyers market with low interest rates and avoids many of the pitfalls of buying a Right of Redemption property. My advice is to allign yourself with an Agent that is experienced and can be on the lookout for you, and know how to smoothly transact the procedure. Thanks for the question. ... more
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Tue Jun 23, 2009
Robert Simons answered:
Mr. Giles, are you looking in Huntsville, AL or Huntsville, TX? I find no listing in Huntsville AL for you.
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Wed Mar 12, 2008
John & Linda Cramer answered:
Well that's a good question, now we are not attorneys, however, just some info, depending on your bankruptcy chapter 7 or 13 will determine a lot, I do recomend you seek legal advise and if you cannot afford a attorney there is Legal Aid out there. When you say you are in Bankruptcy have you just retained a attorney? or are you well into the process? The reason I ask is that until it is recorded, you still have a chance. Good Luck ... more
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Wed Mar 19, 2008
Vicki Maselli-Shoop answered:
Vik- Are you looking to buy or rent in Virginia or Huntsville? Once clarified, agents from the appropriate area will then be able to respond accordingly. Now, if you're looking to buy, sell or rent in GA, feel free to give me a call ;-)

Good luck with your home search - Ted
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Fri Mar 8, 2013
Chad Edwards answered:
Karina,

It is not too early in the year. Actually, now is the time you should be getting the homes on the market. Activity starts to pick up in the spring as people plan moves after the school year ends.

I can assist you in finding an agent. Feel free to visit my website and contact me via email or phone to discuss your requirements.
... more
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Sat Mar 1, 2008
Ron Hayes answered:
You can see a list at www.homesales@gov/homesales. HUD foreclosures always require an offer be submitted through a Real Estate Agency. I would certainly be happy to assist you in any way I can.
Ron Hayes, Century 21
ron.hayes21@gmail.com
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Tue Jun 30, 2009
John Geis answered:
Mike, begin your discussions early with some of the local real estate lending agencies in Huntsville (credit unions, etc...) Some of these manage their lowns in-house, are finding some difficulty finding crecit0worthy people to loan to. You may do better than with a larger firm. Thre is no cost or obligation of running through the pre-approval process (except your time). Assuming your jobs have been offered on a stable basis, I would think you will be in very good position to secure a prime real estate loan for your purchase. ... more
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Sun Feb 5, 2012
Diana Welch answered:
Hi Laurie, right now there are 199 homes listed in the SE of Huntsville between 250-400K. They are all within 5-10 minutes of a new YMCA facility with all the recreational activities you want or need! These properties are pre-renovated and post-renovated. Check www.valleymls.com or my website which feeds from valley.mls for the easiest look at what is available. Thanks, Diana ... more
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Wed May 12, 2010
Diana Welch answered:
As a Real Estate consultant, I would strongly advise you to address your options with a trusted mortgage lender. Questions like: Can I sell my existing home and break even, make a net to use on a downpayment on your future home in Huntsville, or will you have to bring money to the closing table? Am I eligible for a bridge loan? It is also important in this mix to get the advice from a trusted Real Estate Agent about the marketable value of your home along with the days on market to sell, to help you plan a strategy. If you move is imperative for a job, then you may have to rent temporarily in Huntsville unitl your home sells. If you are "in the red" on your equity, you may need to lease your home and wait to purchase a home in Huntsville when you are "in the black" for a sale. This situation can be solved in some way, so contact the right advisors and it will take the stress off you as you plan the move. Best of luck! ... more
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Tue Oct 30, 2007
Robert Simons answered:
Contact Brenda Simmons, (256) 417-7584. She works on site with the Eichert-Kirby at Timber's Edge ranch condo community.
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Tue Sep 25, 2007
Robert Simons answered:
Days on Market are slightly higher, volume is about flat against last year. Some areas have experienced an increase and, while we have seen 2 years of strong price growth (8-10% each year) we're not in a down market as the majority of the country is. We're calling it a "Buyer Pause" market--and expect it to resume over the next 12 months as acceleration of our incoming jobs from the recent BRAC come through. ... more
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