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Home Buying in Martinsburg : Real Estate Advice

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  • Local Info5
  • Home Buying23
  • Home Selling0
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Activity 11
Wed Mar 13, 2013
Tim Moore answered:
Most sellers sell to get money to buy another house. Rent to lose is a waste of time since they rarely ever work out and you will lose more money when you can't get a loan to complete the deal and then you are kicked out and lose the deposit. Just rent and when you can really get a loan then buy. ... more
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Thu Feb 21, 2013
Huntersarah718 asked:
I have seen this house at 81 Clouser Court and love it. I wonder will the owner consider rent to own contract or owner financing?

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This question was asked from this property: http://...
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Mon Jul 16, 2012
Beckie Loya answered:
That is a fee paid to the Home Owner's Association in that area. It's a mandatory fee that typically pays for road maintenance, snow removal, and depending on the subdivision, garbage pick-up and possibly lawn maintenance. In a HOA area, there are rules and regulations that the home owners must abide by, called Covenants and Restrictions. You'd want to ask for these and read them over before making an offer on a property, so that you know what is and isn't allowed in that particular subdivision. ... more
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Wed Jun 6, 2012
Dona Shiley answered:
HI EVAN,

THERE ARE ALOT OF DIFFERENT MORTGAGES OUT THERE THAT COULD WORK FOR YOU. IF YOU LIKE YOU CAN GIVE ME A CALL AT 540-533-6919 AND I CAN GIVE U THE INFORMATION TO A GOOD MORTGAGE BROKER THAT CAN HELP YOU WITH YOUR NEEDS.. ... more
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Fri Oct 25, 2013
Jennifer Whitehead answered:
Heather it is possible with a score of 580 or better to get an FHA loan but it also depends on what else is on your credit report and other factors that might effect your financing such as your income.
You will want to work with a lender who is knowledgable about what can be done to repair your credit in the shortest amount of time and see if you can't improve on that 600 score.
FHA does requires a 3.5% down payment (which can be gifted) so some investment on your part will be required.
There are other options for 100% financing but that higher score may be required, you're close so you'd need another 40 points or so. You need a good lender to evaluate your overall credit picture and counsel you. Most real estate agents have several of those on speed dial!
I hope this was helpful and that you pursue your home buying options. With interest rates in the 3-4% range and lots of available inventory it is a great time to make that investment.
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Sat Jul 9, 2011
Gene asked:
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Sat Sep 18, 2010
Orem John answered:
There are alot of factors that go into considering a response to that question such as, Age of doublewide, foundation that would be used, specific lot location, size and setbacks. However if I had to give a quick general rule of thumb answer I would tell you that I don't think ultimatly that you would be able to set a Double wide inside the City limits of Martinsburg. However the direct number to planning and zonning is (304)264-2131. A quick call to them after you have some of the variable information I mentioned may give you a slightly better answer to your question. ... more
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Thu Nov 12, 2009
Bill Butler answered:
Ms. Bessmer,

Your questions are common in today's market. The first thing I would suggest in your situation is to talk to a lender. Unfortunately, in today's world no situation is "cut and dry". Each opportunity depends on each individual person and situation. If you have money to put down, good credit and proof that your home is rented, you may be able to qualify for a loan on your new home. Once you have all the lender's details, a REALTOR will be to assist you more accurately on your home in WV. Feel free to contact me with any additional questions. I wish you best on your future move! ... more
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Mon Aug 24, 2009
Jennifer Whitehead answered:
A contingent contract, no kickout is one where the buyer has inspections or financing pending but does not have a home to sell, also. As each inspection process or condition is performed and issues resolved and released the contingencies are removed. This should eventually evolve into a home under "contract" reflecting no further contingencies and proceeds to close.

A contract with a kickout involves a buyer who must sell or settle on their existing home in order to proceed to settlement on the next. When or if the seller of that next home receives subsequent competing offer(s) that is acceptable to them they can put the current buyer on notice to remove their home sale contingency and proceed or be "kicked out" of the contract in favor of the next buyer.

Homes with a CNTG/KO are often a good option if you are home shopping and not finding active properties that meet your criteria. If your offer is acceptable to the seller you will usually know within 48-72 hours if the other buyer can proceed or has been kicked out. The number of CNTG/KO homes are a smaller percentage of the homes on the market now since short sales and foreclosure homes will not allow a buyer to put a home sale contingency on their contract. One exception to that is if the buyer has a contract existing and closing eminent on their home and they may accept it as a "coinciding settlement", which is still a home sale contingency in fact.

Hope this helps!
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Fri Oct 25, 2013
BC answered:
if your agent has been helping you for a period of time and actively providing you all informations that you need in your search and just happens that a for sale by owner comes along your agent then deserves 2.5-3% commission. I would still have this agent write the contract and guide you the process especially with home inspection, radon testing, negotiation and other matters that will help the process. ... more
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Tue Dec 13, 2016
Bill Butler answered:
I believe I speak for most people when I say that the Well Water in WV is pretty good. The water does tend to have a slightly higher Iron content, which makes the water a bit hard. This is why most people have water softeners in their home. I have never known there to be problems with well water safety. I would recommend to my clients that they have all well tested before purchasing a property, just to be safe!

As for wells running dry, that would very from well to well. Most people I know with well water have not had many propblems in recent years. However the depth of the well and amount of rain are major factors in this and can vary from year to year.
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