Buying or Selling a Home/Buying rural property

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Expert: - 11/10/2009


Question
We are buying a rural home that is a 'fixer upper.' It is in need of a lot of TLC, but I am curious to know what the best loan program is for us. We currently own a home that we will live in until the new remodel is complete. Any suggestions?

Answer
Dear Kassey;
There are probably some loans that would work for you better than others.  I cannot say which is best since I do not know you economic standing, your needs, your tax advantages, your financial portfolio, or your credit.  These are all things that a lender will take into account when meeting with you and advising you what to do. You should arrange a meeting with a lender as soon as possible and then if you have further questions, speak with your accountant.

In addition, the local lenders will be aware of special programs for rural areas, tax advantages, incentives, etc. for the area and/or your wage bracket and circumstance.  Ask questions and explore all possibilities before making a decision.

Best Regards,
Jessica Bryan

Buying or Selling a Home

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Jessica Bryan

Expertise

buying and selling process such as:
General questions from first time buyers
How to market a home
Why choose a REALTOR
How do I find a REALTOR
Should I consider buying or selling without a REALTOR--how much can I save
Should I remodel or move
How much can I expect to gain by fixing up my home before selling
Helpful tips when selling
Helpful tips when buying
finding a good mortgage loan
what is the difference between banks, mortgage bankers, and mortgage brokers
Questions from the general public, people thinking about getting their real estate license, newly licensed.
Fellow professionals who have interests in networking and how to get started
What is a market evaluation and how does it differ from an appraisal what are the different loan programs
services a REALTOR can perform
when to use a lawyer
when to use escrow
what are the regional differences in the buying and selling process
what is the MLS and how does it work
how can the layman access information on the web--listings and other information
These are just a few of the questions. I can suggest that if I am unable to answer a question I will refer the inquiry to a source that can.

Experience

Anyone who is in this business and who dedicates oneself to professionalism has continued to take classes and along with it,additional credentials, awards and honors. I can list a host of them, but my greatest accomplishments happen to be those of getting first time buyers (who didn't think they could afford to buy a home)into a home of their dreams. The look on their faces when I hand over the keys is worth all of the hard work.

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