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Home Buying in Winchester : Real Estate Advice

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  • Local Info6
  • Home Buying20
  • Home Selling1
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Activity 16
Wed Sep 19, 2012
Don O'Wade answered:
Just need an email address to send them to from the MLS. My direct email is onlyhim@comcast.net Don O'Wade with Long and Foster
0 votes 3 answers Share Flag
Mon Jan 14, 2013
Dona Shiley answered:
is this going to be for building a home or just for recreation? you can email me at donashiley@mris.com ill be able to help you with more detail :)
0 votes 5 answers Share Flag
Sun Feb 24, 2013
Anna M Brocco answered:
Best should be dictated and defined by your financials, wants, needs, lifestyle, etc.; therefore do take the time and visit neighborhoods of interest more than once and at different times of day; for any safety concerns, it's always best to contact the local police department with all your questions, hear all there is to hear firsthand; Real estate professionals are prohibited from steering, enticing a buyer to purchase, or not, in specific neighborhoods.
http://www.neighborhoodscout.com/
https://www.crimereports.com/
http://www.homefair.com
... more
0 votes 5 answers Share Flag
Mon Dec 19, 2011
Don Tepper answered:
Well, you and your fiance probably DO have credit. It may be poor, it may we weak, or it actually might be OK. But it's difficult to live without acquiring some credit. Check with a good loan officer or mortgage broker to actually determine where you stand credit-wise.

It's also relatively easy to build credit. Get a few credit cards, for instance (Visa or MasterCard), and use them carefully. You'll take a small credit hit at first, but buying some items (thing you'd have bought anyway), and then paying them off over a period of 2-3 months will help. If necessary, start with a secured card. That's where you put $x (like $500) into an account that you can't touch. You then receive a credit card for that amount. The card is secured because if you don't pay the credit card amount, the lender can seize the money you've put into an account. Nevertheless, that'll help build your credit. The loan officer or mortgage broker can give you lots of other tips, too.

So what do you do until you've built up (or restored) your credit? Two basic options: First, rent. Even landlords and apartment complexes will want some sort of credit history. But it's generally less strict than if you were buying. Private landlords (individuals renting out a home or condo) often are more flexibile than apartment complexes.

Second option (if you really, really want to buy): Consider a lease-option. That's nicely suited for you--it lets you control a home and yet gives you time to build up your credit. I wrote a blog on how to find lease-options: http://bit.ly/findaleaseoption. Please note, though: Have a real estate lawyer advise you on how to protect yourself. Some (many?) agents here on Trulia don't like lease-options, and one reason is that if they're not properly constructed you can lose out. (Reminds me: I have to write a blog on that subject--how to protect yourself!) And there are plenty of properties around Winchester available for lease-options.

So: Consult with a lender to really determine what your credit and your fiance's credit is. Get advice on how to improve it. If necessary, consider renting for a year or two while strengthening your credit. If you're really eager to buy today, consider a lease-option, but make sure you get good legal advice on how to protect yourself.

Hope that helps.
... more
0 votes 17 answers Share Flag
Sat Aug 27, 2011
Vicky Chrisner answered:
Sounds great. If you'd like to contact me privately with more information such as your price range and if you're looking strictly in Winchester, I would love to be of assistance to you. VChrisner@KW.com 703-669-3142 ... more
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Mon Aug 30, 2010
Jim McCowan answered:
It's MUCH easier to buy without a Green Card when you're paying cash. Please let me know if I can help!
0 votes 4 answers Share Flag
Thu Aug 26, 2010
Vicky Chrisner answered:
Wish I could give you info... but it sounds like progress is being made. I'd hang in there if you like the house and the deal you've got.
0 votes 6 answers Share Flag
Mon Apr 26, 2010
Jay Hurst answered:
Did you have a buyer's agent? Are any of the agents' experienced in the Foreclosure process?
We handle foreclosures, and would need more details to help.
Feel free to contact us.
Jay
... more
0 votes 2 answers Share Flag
Tue Apr 20, 2010
Natalie Langford answered:
I'm so sorry you're going through this. One idea, if you are content to rent, is to talk to the list agent about this. Most real estate professionals tend to call the list agent to touch base on the property prior to showing it. This would give the list agent an opportunity to express your wish to stay. Investors are still showing an interest in purchasing homes in our local market. An investment that already produces income could very well be appealing. I hope it all works out for you. ... more
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Tue Apr 27, 2010
Brenda Gervais answered:
There is a possibility that the loan may be denied, I actually came across the situation with another buyer client and it set a reg flag up with the mortgage company but after very careful review, they approved the loan for my client. You don't mention your dealing with a mortgage brokerage or directly with a mortgage bank i.e. Wells Fargo, Suntrust, Chase to mention a few. Should you be denied, your realtor may be able to suggest another lender you could use, if you're using a realtor. ... more
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Thu Apr 22, 2010
Terri Evans answered:
I'm not a lender, but in my opinion I believe you would qualify because you are living on one side of the duplex. I do not know all the rules and regulations considering the guidelines change all the time. I would highly recommend a lender that I work with very closely. As a Buyer's Agent I have had my buyer's compliment me on referring them to Chris. Please feel free to call Chris Corno with Integrity Home Mortgage at 540-539-2778 to discuss this issue further. He is very nice to work with and explains the lending process in a manner that consumer's can understand. ... more
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Sun Jul 26, 2009
Bill Eckler answered:
We believe the program specifies only the the property transaction needs to close by December 1, 2009 and that the home purchased needs to be your primary residence. We have not seen any deadline for occupancy of the home.

It might be worthwhile to review the attached resource:
www.federalhousingtaxcredit.com/2009/faq.php

Good luck
... more
0 votes 1 answer Share Flag
Tue Aug 11, 2009
Dallas Texas answered:
BANKS JUST CAN, why many Realtors refuse any longer work with foreclosures or short sales due all drama not caused by listing/ buyer agents.

However 6 months have a returned executed contract WAYYYYYYYYYY out limits WOW... agent should have you looking and closed a long time ago. We instruct our clients within 30 -60 days you should be closed if not we have problems best keep moving.

GOOD LUCK

National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
Follow me on Twitter: http://twitter.com/Lynn911
Lynn911
... more
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Sun Mar 13, 2011
Vicky Chrisner answered:
Nora, Nora... oh, my, I am frightened for you. You must immediately contact a real estate attorney. If you need a referral to someone, call me first thing in the morning. 703-669-3142 THIS is an emergency! ... more
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Sat Jun 28, 2008
Brent Cline answered:
Thu Feb 21, 2008
Rama asked:
Iam planning to buy a house (3-4 bed rooms) in Murrieta- Temecula-Winchester area.
Once I buy it. How difficult or hpy easy to rent this home?
Hope some experts will advice me on this...
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