A few things to consider before purchasing a distressed property
I have been working with lots of buyers of foreclosed or distressed homes lately and wanted to give you some hints on how to make this type of purchase a little easier. First, let’s talk about Short Sale Properties: A short sale is a home that is listed by a real estate firm for less […]
First time home buyer in Statesville NC? Here’s a quick summary of the process.
Spring is just around the corner and the weather is warming up in the Statesville NC area! What a great time to print out a list of homes you like and take a drive by them to see what they really look like and if you like the area surroundings. I have had lots […]
How to Purchase a HUD home in North Carolina
How to Purchase a HUD home In recent months, there was a huge backlog of HUD homes that were held up for closing in NC and changes were made to try and streamline the entire process. There are now three main asset management companies that handle HUD homes in NC and they in turn designate […]
Using your IRA to invest in Real Estate
Ever thought of using your IRA to buy investment properties? One stumbling block that many of the leads and inquiries I receive is the lack of finance options for investment property. Many of these deals are cash buyers but investors often seek out finance programs to purchase one of the “great deals” out there on […]
Why do Lender’s counter an offer for more than the current list price?
I was recently asked the same question by two of my clients here in Statesville NC, that concerned short sales and foreclosures and I thought I would share with you the answer as it may be helpful during your home search. QUESTION: Why do lenders counter an offer higher than the current list price on […]
