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Home Buying in Mooresville : Real Estate Advice

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  • Local Info11
  • Home Buying21
  • Home Selling4
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Activity 27
Sat Oct 11, 2008
Laura Grace answered:
The home must meet FHA guidelines in order for it to qualify, so that may be a consideration of the listing agent. The agent may know it does not meet all of the guidelines. There is also a cap in every county of the loan amount for FHA mortgages.
I would ask your agent to find out from the listing agent believes this home does not qualify for FHA financing.
Some agents and sellers are just wary of FHA loans because they used to more difficult than a conventional mortgage. In addition, the seller would incur extra expenses. In most cases this is no longer true.
They actually are pretty easy ( in most cases) and offer a good interest rate and little money down . I believe that they now require 3.5% down payment. Difficult to find many other mortgages like that today!
The best thing to do is to simply find out from the listing agent why. The seller does not have to accept the offer, even full price if they did not agree to FHA financing in the listing agreement.

Good Luck in your purchase
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Wed Jul 15, 2009
Larry Story answered:
Joe,
Just contact a broker/agent in the Mooresville area. They are out there. You will need to have option money to put down and make sure to either have your attorney draft the lease or have yours look it over. You need to make sure the amortization schedule is fair on the lease payments so that a percentage goes toward your purchase price and you might as well contact a lender to see how long before you are able to finance. Also that will help you establish a price range to look in.

Hope this helps,

Larry Story
Coldwell Banker Triad
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Wed Aug 12, 2009
Michael Pansini CRS answered:
Hi I am an agent in this zip. Can you give me the parameters of your search, I may have something for you. Thanks you can email me from my website
0 votes 6 answers Share Flag
Mon Oct 27, 2008
Michael Pansini CRS answered:
Hi I have a beautiful double wide with a half acre and pool asking $149,950. I can send you the listing. I just listed so it is not on my site yet, but you can email or call me from my site. Thanks ... more
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Thu Aug 26, 2010
Rose Cramer answered:
I would love to help you. Of course there are homes in the Mooresville area not in subdivision. You just need to start looking now and watch the market. I can assist you with this. Give me a call today. at 704-607-7514 so that we can get more information and get you started. My office is in Denver, NC
Rose Cramer
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Thu Sep 25, 2008
Michael Pansini CRS answered:
Hi Michael,
People move for different reasons at different times. There are always good deals out there. The more time you have to decide, the better position you are in to find the ideal home and be in a better negotiating position ... more
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Wed Oct 6, 2010
Michael Pansini CRS answered:
Hi Anne,
There is a lot happening here. There are major new developments being worked on at both the north and south end of the city, with a new I77 exit for both. There are plenty of properties available and you can find some nice deals. I have a lot of information on my website. Good Luck ... more
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