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Von Ormy : Real Estate Advice

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Activity 8
Fri Feb 1, 2013
Alison Hillman answered:
Hi Sandra,

I'd recommend working with an agent: http://www.trulia.com/voices/directory/Somerset-agent--34620

Hope this helps!

Ali, Community Manager
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Fri Jan 25, 2013
Terry Farnsworth answered:
Plenty of people will give you a chance to buy. Before a lender is going to hand over tens/hundreds of thousands of dollars for the property you want to purchase, they'll want ensure the following:

1. Do you have a steady job, that can be documented?

2. Do you make enough money?

3. Do you have good credit?

If the answer to any of the above is "No", then I'd focus on doing what is necessary to turn all 3 into a "Yes". Once you do that, you should have no problem securing a loan. Hope this helps!
... more
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Sat Sep 8, 2012
Suzanne MacDowell answered:
If you plan to move into the home as soon as you retire, then I would start looking now. USDA loans are 100% financing and you would be amazed at how many areas qualify. You really only have 4 months to find a home, go through the 45 - 60 day negotiation process start to finish (from offer to closing) and move in, so there is not a lot of time to look. Yes, I would begin the purchase process now. ... more
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Thu Sep 6, 2012
safire143 answered:
John if that is true you just made my day!!! I have great credit score. Yes my ex is paying mortage over the years we been in the house. I can find a great job. I'm looking to buy in 78073 zip code. I do hope I can buy a house when I move. ... more
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Fri Aug 17, 2012
Bruce Lynn answered:
Probably more like 50%....check with your local bank to make sure.
It might depend on your credit, your income and your reserves.

Why buy the one acre now if you don't want to build for a few years?

Might be cheaper to just save the money, earn interest, instead of pay interest and taxes and insurance.
... more
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Fri Aug 10, 2012
Scott Godzyk answered:
ost builders will clear the lot, then build. You should seek out a loca buyer broker who specializes in new construction that can assist you with getting quotes from builders.
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Fri Aug 10, 2012
Scott Godzyk answered:
That will depend where you buy it and if there are covenants or rules that require it. if it is a single lot in a subdivision already cleared, then probabiily. if it is a wooded lot in a wooded are than prob. not. Check with the listing agent for any rules for that lot. ... more
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Sun Feb 12, 2012
Anna M Brocco answered:
Since no link is visible--if interested in the property why not schedule a showing and see all firsthand...
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