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Stockbridge : Real Estate Advice

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  • Local Info24
  • Home Buying32
  • Home Selling4
  • Market Conditions5

Activity 51
Thu Dec 4, 2008
Hank Miller answered:
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Sat Mar 26, 2011
Elite Realty answered:
We currently manage almost 200 properties in the Henry/Clayton Area. Rents are determined by many factors. Size of the property (square footage/bedrooms/bathrooms), the neighborhood amenities, distance from shopping and eateries. Visit our company website at www.eliterealtyatlanta.com

You can see the comparables currrently on the market and request rent amounts for a particular area.
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Wed Sep 17, 2008
Larry Story answered:
Hildy,
I believe what you lender is telling you is that you can apply for basically an equity line on your home and then buy the home in Atlanta with that. You would then be able to declare that interest as a tax deduction also.
It is a little harder to get an out of state investment loan.

Hope this helps,
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Tue Aug 26, 2008
Alan May answered:
Not traditionally. It's not uncommon for a standard home inspection to note that they found mold in a certain area, that might require additional investigation. But a mold-specific inspection should be done by a certified and licensed mold inspector. ... more
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Mon Jul 21, 2008
Vicky Chrisner answered:
Probably not. There is much that goes on in the background. Without anyone explaining it to you, it is easy to get suspicious, but don't. Is this a short sale? This is common, it hasn't even been 2 weeks! This is par for the course (make sure you're getting a good deal, this is not the only hassle you're likely to have). If it is an REO that is uncommon, but I have a closing on Wednesday that is an REO and it took the bank almost 3 weeks to respond. There may not be a lot you can do. WaMu is disppearing, and I am not sure they can easily answer your question in house. You could randomly call whatever phone numbers you can find; and you can go to the courthouse and get the owner address and send certified letter to it. But, neither is likely to be a fast process. It is rude that the agent hasn't responded, but there may be an explanation. Did your agent call the broker at the listing agent's office? Start there. Good luck. ... more
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Wed Jul 2, 2008
Eric Reid answered:
How do I find out the condition of a house w/o inspection?
You lay your hands on the wall and breathe deeply and channel in all the homes history... There is now way too fully and complete know the condition of a home without a trained inspector.
SELLER COUNTERS WITH ADDENDUMS NO SELLER DISCLOSURE
This home mostly likely was a Foreclosure property and the seller (lender) will have addendums at the time of offer.
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Wed Jul 2, 2008
Lorie Gould answered:
Danielle, it can take a long while. The longest short sale I have witnessed took 6 months to have the contract accepted by the bank before it could close. There are no guarantees that the contract will be accepted by the bank.

I recommend to my clients to keep looking at homes while they are waiting on bank acceptance since one does not know what the banks answer will be and how long it will take. In a market with mortgage rates that are bouncing around, you could find a home that you like as much if not more that you can purchase. With the uncertainties that a short sale provides it makes it hard to lock in a rate because you do not know if and when you will close.

Keep in mind that deals can be a foreclosure, a short sale, or a normal listing. Do not limit yourself to short sale properties. They are properties that are selling for market value... the reason they are called short sales is because market value is less than what is owed. If they could sell the home for what is owed then it would not be listed as a possible short sale

Best of Luck and Happy House Hunting!
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Wed Jul 27, 2016
Eric Reid answered:
Not my area but the BEST in that area is
Richard Weisser, Associate Broker, E-Pro ERA United Realty, Auctioneer, CE
Company: Coweta Fayette Real Estate, Inc. ERA United Realty


Website URL: http://CowetaFayetteRealEstate.com


Office Phone: (770) 683-8400 Ext.: 364
Cell Phone: (770) 827-6225
Fax Number: (770) 693-8401
Address: P.O. Box 848 , Sharpsburg, GA, 30277
Description: Tired of do-nothing brokers that put a sign in the yard & wait? My one-of-a-kind marketing plan does what the others cannot do, at any price. Do NOT list with anyone else until you
call 770-827-6225.
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Tue Jan 29, 2008
Keith Sorem answered:
Anna
First, please read my blog on short sales and foreclosures
Second, the fact that your parents are buying you are house is not related to your current home. What is important to the lender is that you make good on your promist to pay the loan as agreed, or pay them off with a re-finance.

When you try to sell a home for less than the loan amount, the lender provides you with a short sale package. Part of that package is what we call a hardship letter. That explains how you have come to the point where you need to sell and/or are unable to make the mortgage payments. Divorce, death, and medical issues are common reasons, as well as job layoffs.

Know that if you do try to convince the lender to a short sale, they want you to "participate". That means if you have other assets, like 401ks, stocks, even collectibles, they will ask you to help pay.

So talk with a Realtor about a realistic sales price, talk with the lender about your situation. Bear in mind that if the truth is that the market has shifted, and now your parents are going to buy you a new house, it may just be tough luck. There are real people with real problems that lenders WILL help out.
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Sun Dec 30, 2007
Lee Adkins answered:
Dennis -
Investing in real estate is always a good idea as long as you consider several things:
(for lack of information to the contrary, I'm assuming you are new to real estate investing)
1. You have an eye for what a property can be with a little work.
2. You have an appropriate "exit" strategy - will you rent, sell, wholesale - what is your end goal?
3. You have a team of people that are experts at each area - negotiating the purchase, contractors you can trust, managing the property, etc.
4. You are selecting areas where there is some demand for your "product."

I have not been to Stockbridge for a good while - I'm sure it has changed a great deal.
With fewer people able to purchase homes due to mortgage constraints, the rental market has picked up substantially. Obviously, Atlanta is a big area for people to relocated to as well - I (again) can't speak to Stockbridge specifically.

Another avenue you could consider is commercial investing - buy a group of office condos, some vacant land or similar. In a growing area, there will always be a need for dry cleaners, restaurants, hair salons and more.

There are a billion books on the subject - many of which are good. You might also read the Rich Dad, Poor Dad books (if you haven't) by Robert Kiyosaki.

Depending on your goals you can select the appropriate strategy for you.

Best of luck to you! Post back on your progress if you get a chance.

Lee
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Fri Dec 14, 2007
Cindy Maves answered:
You can search for rentals on craigslist and in your local newspaper. Call a local real estate office and ask if their is a realtor that handles rentals.
Good Luck!
0 votes 6 answers Share Flag
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