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Cara Keys's Advice

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  • 4 Contributions
  • 1 Best Answers
  • 1 Helpful

Cara Keys wrote:

Looking at buying a HUD home...found a great one after getting approval from the lender and a GFE...

Best Answer
There's a big difference in being pre-approved and pre-qualified so make sure your lender explains the difference to you.  I agree with Steve that you should go ahead and get your bid submitted asap.  Once you have it under contract, you will have 45 days to get your loan approved.  I know you are excited about getting this home, but HUD properties can be intense and you'll need a good working relationship with your lender because they will be asking you for a lot of information to complete their files.  Also know that sometimes the earnest money you put down is non-refundable so make sure you understand that up front.  Your agent will be your guide so ask him/her as many questions as you need to to be comfortable with the transaction.Happy Buying!!
June 10 2011

Log home appraisal comps

I just checked our MLS and there were 14 homes that sold in the last 6 months with a log exterior.  If your bank is not willing to do your loan, I would check with the agents who represented the buyers on these homes to get the names and numbers of the lenders they used.
December 14 2010

I found another property..make me an offer?

"Make me an offer" is just that.  It sounds like this is a very motivated seller who wants out of his current house to move into the one he's found to purchase.  Translation - You will probably get a good deal on this home.
December 12 2010

anyone know the average rent for a 3bdr/2bth single family in Knightdale, nc?

According to our multiple listing service this morning, the rents range from $850 to $1895 for a 3 bedroom 2 bath home with the size of these homes ranging from 1000 square feet to 3600 square feet.  Hope that helps.
September 01 2010