If you can give more details, I'm sure a professional agent or property manager will try to help you find what you are looking for. They will need to know things like: How many bedrooms? Do you need a certain amount of square footage? What is your price range? Also, you will most likely need to provide a credit history and employment history to potential landlords so it may help to have that information ready in advance. Hope you can find a home that fits your needs!... more
It depends on how bad your credit is. There are lenders that will make a loan with a credit score of 580. A small, local bank can usually do what we call an "in house portfolio" loan for people that don't qualify for a traditional mortgage that is sold on the secondary market. These loans are serviced by that bank and they are not limited by the stricter requirements of loans that are sold. You will, however, pay a higher interest rate. But with rates being so low right now, there really are no bad rates. New People's Bank in Gate City has helped some of my clients in the past.... more
You say you've rented the home. A rental agreement is not a purchase agreement. If you have a Lease with an option to purchase, you may have something to work with.
Closing costs are part of any real estate transaction and they typically go to third party vendors such as Title Insurance Companies, Escrow or closing attorneys and lenders for your purchase money loan.
You need to have any documentation regarding your arrangements reviewed by an attorney as soon as possible. Based on this question and your others, you need to find out what your rights and options are.
Start by giving the attorney the paperwork and the briefest explanation of what you understood your process to be. You can simply tell them you've done lots of upgrades to the home and purchased the land next door based on your understanding.... more
I don't understand the question. If your lease expired and the landlord no longer wants you there, you need to leave or be evicted.
If your lease expired and you are still there with the landlords permission, you are considered to be on a month to month lease and they can evict you with whatever notice is required by your state.... more
I'm thinking the answer is NO, your uncashed personal check may not be received as a pay stub. Have you ever been given an 1099 statement at the end of the year for tax purposes? That would work. Hopefully, a lender will see this question and have more advise for you.... more
Find an experienced agent to list and sell your home. If it doesn't sell, rent it. You own the house; it doesn't own you. Life is too short to be somewhere you don't want to be. Downsizing is smart in this day and time and as you grow older. Good Luck! DAVE... more
You need a pre approval by a mortgage or bank. Your agent will have you come in to the office and you will be asked some questions about your income and your debts and from this he or she can determine how much of a loan you qualify for. Your agent will tell you from your finantial information how much it will cost you to purchase a home. Your agent will then give you an estimate of how much of a down payment you will need including closing costs. This will also depend on what type of mortgage you get. It could be FHA or conventional. It all depends on your credit score... more
Rick, without a local response to your question, would you like me to introduce you to someone in the area ((I practice in the areas close to Nashville TN, but would be happy to introduce you))?... more
There are over 200 log homes listed in our MLS area. The majority ,so it seems, are situated on acreage. When selling the log home comparable properties are used to determine a listing/selling point. When I use the function in our local MLS system that provides comps, traditional homes are supplied as comparable properties so in this example the answer would be no. However, a buyer seeking a log home may be willing to pay more for this type structure. Also keep in mind that not all people prefer a log homes so the buyer pool may be lower than for traditional homes. Keep in mind that any property is only worth what a qualified buyer will pay.... more
Although I'm a member of the Knoxville MLS, Kingsport is a bit of a stretch for me these days, if you'll send me a description of what you are looking for I will help you find an agent that can advise you.... more