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James Redden's Advice

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  • 5 Contributions
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James Redden wrote:

How can I be sure the home I am interested in good repair.

Answer
One way to ensure your home is in good repair is to get a home inspection.  A good home inspector will be able to check all items around the house and give you a list of recommended repairs.  Also, you will need to get a termite inspection.  This is a requirement of most lenders, especially in the south. My best advice would be for you to call an experienced Realtor.  They have a list of trusted home inspectors, so that you can ensure you are getting a good inspector. 
March 25 2011
(0)

Can you build any equity with Townhomes?

Answer
There a lot of factors that come into play when analyzing a property.  Its just not a simple old vs. new comparison.  The main thing you want to take into consideration is the location.  The old adage location, location, location is around for a reason.  In real estate that is the biggest driving factor.Also, I would take in consideration how many updates does the older one have compared to the newer construction.  I would also check the status of each properties HOA.  There have been alot of HOA's that have gone under recently and in the past few years.  Which have left the homeowners in a bind.  Be sure to make sure there is no pending assessments with either one, if there is make sure the sellers pay them, so you are not stuck with the bill.Old or new each can have its benefits.  If you are truely comparing apples to apples then I would consider which hits your pocketbook less.  However, I would like to note that in my experience on the resale side, buyers tend to lean to a newer property because of less worries that something could need repairs in the house.
March 25 2011
(0)

the home I bought still shows for sale

Answer
Under the edit tab, click claim your home.  From there you will be able to take control and fix your listing.  Hope this helps.
March 25 2011
(0)

Contract says I cant sell for 90 days but cant i lis w/rea on mls now?

Answer
Hi David,I am also a real estate agent in NC.  The reason you can not sell is a FHa requirement.  I am sure you have bought a HUD or FHA foreclosure.  They do not allow you to resell for 90 days.  A potential buyer will not be able to get a FHA loan for your property until you have owned the property for at least 90 days.  I "flip" alot of properties and run into this all the time.However, you can list your property now.  You would have to tell any potential buyers that you can not close until after the 90th day.  There is nothing stopping you form listing it and I would encourage you to do so now.Good luck and best wishes 
March 23 2011
(0)

Listing agent lack of enthusiasm - bad sign

Answer
You should absolutely keep looking.  It will only get worse if they are already lacking enthusiasm.  There are plenty of agents out there to choose from.  Unfortunatley, just like in any job field there are good and bad agents.  Keep interviewing agents until you find one that meets your expectations and trust me they are out there.One quick note.  If you keep getting agents who are not enthusaed, then there may be a deeper issue.  They may feel that you want to much for your property, it will be a tough sale, or that it is in not in selling condition.  In any case, you do not won't to go with a Realtor who is not professional enough to be up front with you and discuss these issues. Good luck and best wishes.
March 23 2011
(0)
 
 
 
 
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