Buying or Selling a Home/Buying second home


We want to buy second home in mountain. Because some of my medical bills have gone into collections it has caused our credit scores to drop. Is there a way we can buy with low credit scores. Also every bank we have talked to wants 20% down. Wow that's a lot and we want to retire in mountains. Living now on family farm that's bee In Family several generations don't want to sell want to leave it to children. What's your opinion?

Hi Linda,
I'm going to throw a bunch of rocks at your ideas and I'm going to do it on the basis of old age. Mine. I've lived long enough to see what you propose cause a multitude of problems.  You want to "leave the farm to the children".  How many children?  Do any of them want to farm or do you just "think" they might when they grow up?  Does one of them want to raise GMOs and the other wants to go Organic?  Is there anyway that both the children and their families can realistically afford to live off the farm?  If you divide it up, who gets the best fields?  If you keep it all together who gets to decide what to plant?  Who is going to do which work? If only one wants to farm, are you going to give it to that child and would that be fair to the others? I have literally seen family farms tied up in court for over ten years because nobody could agree how to divide it or how to sell it.  Do not be so naive as to think it can't happen to your family.  All that has to happen is for one to marry a spouse who wants something other than what you planned.  Basing your life on your children's possible lives is a really poor idea both for you and them.  Please talk to your children(presuming they are adults or close to it)and do some very serious thinking.  Plus one more thing, you do not owe your children anything.  You raised them and educated them, that's what you owed them.  Now they owe you and will recognize that if you raised them correctly.
Next, from what you say, you are having some financial difficulties due to health, so that indicates that the farm isn't providing enough for your needs??  And you want it to provide for multiple kids and their families?
Yes, Linda, the banks will want 20% down on a second home and your poor credit scores will raise the lending rate.
Now you asked for my opinion.  Sell the farm.  Buy a home in the mountains and kick back and enjoy the rest of your lives.  If you have been working a farm, I know that you have earned it!
Should you decide to live in the North Georgia Mountains, I'd be happy to help you find a home.
Good Luck and Best Wishes whatever your decisions.  If you have any further questions, please let me know?

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Sharon Huneycutt, Realtor, Associate Broker, GRI, e-PRO


A lot of people who want to move to the mountains don't really realize what it might involve. For instance, here in North Georgia, if you want a mountain view, you may have to drive up very steep roads. Will you have well water (That's usually good!)? Do you speak septic tanks? Have you considered that if you want really want to get away from it all, you'll do it on a gravel road? What's difference between a Log home and a Log Sided home? How can I tell? Who takes care of the house when you're not there? Where can you stay to check it out? This is a very popular area for second homes and investment properties or when you finally decide to get way from it all, I can find your perfect property. I can answer questions on North Georgia Mountain living, housing, land, amenities, and activities. We handle a lot of foreclosed properties in our office so I have become a Certified REO Specialist. REO means Real Estate Owned and is the industry name for a Foreclosure. It refers to "owned by a bank or other corporate entity". If it involves an area of expertise I don't have, I can probably tell you what kind of an expert you do need.


We've had property in the Ellijay area for over 10 years. My husband, who is a Civil Engineer and Appraiser, and I built our own log home. We researched log homes and North Georgia for three years before choosing Ellijay. Because of the building experience and being married to an engineer/appraiser, my real estate experience is a bit more extensive than average. I also am an education freak believing that the more you know, the better off you are. My husband and I both like photography, so we drive and hike all over the mountains looking for pictures.

MHA, CMA, Licensed Realtor, Associate Broker, e-PRO, GRI, Certified REO Specialist. Realtors are required to have 24 hours of continuing education every 4 years. In the last three years, I have 180 hours so far!

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