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Buying or Selling a Home/Questions Answered by Expert Marvin G. Bobbitt, III
| Subject | Date Asked |
| home buying costs | 2/8/2012 |
| Q: I just had a question about the costs of upgrading to a new house when you outgrow your current one. ... A: I will try and answer for you. First the REALTORS fee will be paid by the seller of the other home, ... | |
| leaking roof | 11/28/2011 |
| Q: We recently purchased a home and the day we started moving in the roof leaked. We contacted the ... A: Hard to answer your question, there are so many questions for you; Was property a foreclosure? is ... | |
| property tax | 9/5/2011 |
| Q: I am looking for lands for sale, yet I have questions in the following: 1. I notice that there are ... A: Many things can effect value, both land or homes and land. Zoning,recent sales,topo,acreage. Cant ... | |
| remodeling, resale | 8/7/2011 |
| Q: We own a typical 1 1/2 bath split level home with a 5x8 bathroom. Toilet and vanity on same wall. ... A: Sorry getting back so late, have been out of town. My suggestion, is leave home as it was ... | |
| Quit Claim Deed | 7/23/2011 |
| Q: I live in Montana. I am buying my first house. At closing we were informed that there were recorded ... A: My suggestion, I would invest in a title exam with a very good real estate attorney before you do ... | |
| Finding Real Estate Deals | 7/20/2011 |
| Q: I hope this email finds you well. Do you know of any free websites or pay sites that will allow me ... A: Good question, but I dont know any websites,most want to sell you something and many are out of date ... | |
| Real Estate Valuation | 4/21/2011 |
| Q: 6 months ago I bought a property for 600K that had been on the market for over a year. I got a ... A: Good question, My opinion, The value of the property is or should be the market price, you set that ... | |
| Property tax confusion | 4/12/2011 |
| Q: I’m confused by our property tax payment situation. Indiana has a “2009 pay 2010”approach, but it ... A: I would also ask the attorney who closed transaction. Also explain your situation to a manager of ... | |
| signing a lease under false pretenses | 4/10/2011 |
| Q: I am wondering if our real estate broker committed fraud and if so what can we do about it. We were ... A: This is a good question. I would need to review the lease too give my best answer. My suggestion is ... | |
| Property tax confusion | 4/7/2011 |
| Q: I’m confused by our property tax payment situation. Indiana has a “2009 pay 2010”approach, but it ... A: My suggestion is speak with the county tax office is which you live, taxes are billed in year they ... | |
| residential buy-out | 4/4/2011 |
| Q: 4 owners on a property with 2 homes (myself, my husband in one; mom and her partner in other). My ... A: Real estate and family NEVER MIX, it is like oil and water. The problem is the 50/50 ownership, ... | |
| house | 3/31/2011 |
| Q: I need help with this question. I pay rent $1500 per month. I am thinking of getting a house ... A: I would ask you to consider sitting down with a lender or mortgage broker in your area, and have ... | |
| Options for Undesirable Property | 3/27/2011 |
| Q: I'm not sure how to word this but here goes- My mother lives in a condo for which the tax value is ... A: Yes the lender will buy back property at the foreclosure steps, too protect their interest. The ... | |
| house | 3/26/2011 |
| Q: How do I get a house of my own? A: My suggestion, is start with thinking of WHO YOU would consider hiring as YOUR agent to work for ... | |
| Options for Undesirable Property | 3/25/2011 |
| Q: I'm not sure how to word this but here goes- My mother lives in a condo for which the tax value is ... A: The first thing, tax value and what she owes have nothing in common.I would suggest you interview a ... | |
| house | 3/17/2011 |
| Q: How much incomes do one need to make to own a $350,000 house? A: In general you need to have an income in the range of $125,000 to $150.000 and be debt free on other ... | |
| Title company | 2/26/2011 |
| Q: we r buying a bank owned home. Closing is set for Monday. About 10 days ago, i asked a question to ... A: Very good question. I would recommend you contact a real estate attorney ASAP., it you are closing ... | |
| Home Buying | 2/9/2011 |
| Q: I bought a house in Coalinga, CA for $275,000.00 in June of 2006 and the builder was known to have ... A: The seller can sell the home for what ever he wants, he can give away the home if he chooses, he is ... | |
| buy or keep renting? | 12/20/2010 |
| Q: So here is my dilemma. My husband stays home with our two young children while he works on his ... A: My opinion ,it depends. I personally would consider you have a "pre approval made" to determine just ... | |
| appraisal | 12/14/2010 |
| Q: We signed a contract to sell our home. The appraisal came less than contract price. The buyer wants ... A: first the refrigerator is personal property, it has nothing to do with the purchase? In most cases ... | |
| appraisal | 12/14/2010 |
| Q: We signed a contract to sell our home. The appraisal came less than contract price. The buyer wants ... A: Good question, your original contract is still in effect and binding, but the home must appraise, ... | |
| What happens to credit score after bankruptcy? | 10/26/2010 |
| Q: from PA. I am in a tough financial bind right now and i am considering bankruptcy as my alternative ... A: Sorry to hear of your sisuation, I can only hope things get better. I would reccomend you consult ... | |
| Inherited property | 9/26/2010 |
| Q: #2 question(s). Good answer to #1 question. Thanks. Did you not think it a good idea to keep ... A: you will need to get an appraisal to determine the pre inheritance value, cost about 350.00. It is ... | |
| Joint ownership of inherited house | 9/24/2010 |
| Q: My sister is 82; I am 63; she wants to sell a "moderate" house inherited from parents; I don't. ... A: Good question, really there is no cure, remember it takes 1 to buy and 2 to sell. My suggestion is ... | |
| viewing other contracts | 7/21/2010 |
| Q: I was wondering if you could tell me if it is possible to see all submitted contracts on a home ... A: Good question, believe it or not this happens all the time, a property can sit with no activity for ... | |
| question on if this trailer is worth asking price | 6/26/2010 |
| Q: my landlord wants to sell this 1994 bay springs 14X66, 3 bedroom, 1 bath. single wide trailer for ... A: good question, In my opinion, he is lucky you might be interested? why. I would consider ... | |
| Investment property - must be repair? | 6/16/2010 |
| Q: I recently purchased a condo and rehab it. My buyer had the home inspection donde and it was noted ... A: Good question, liability is a big issue. 1ST thing I would do is seek advice from your LAWYER. I ... | |
| Buying a Short Sale | 6/10/2010 |
| Q: My husband and I in the process of trying to buy a short sale home. We've been working on it for 6 ... A: Good question, most bank foreclosures have MAJOR paperwork, regarding this kind of stuff. Closing ... | |
| home real estate listing | 6/2/2010 |
| Q: I've had my home for sale on the market for over a year and I'm taking it off the market for about ... A: Good question, Keep in mind, you might have the best agent in your area, sometimes it is not the ... | |
| sellers responsibilities for buyers insurance | 5/25/2010 |
| Q: I am selling my house in Durham, NC and have been told that we need to clear all trees and bushes ... A: Personally I have never heard of this. I might seek advise from your own insurance company. Buyers ... | |
| Buyers rights | 3/30/2010 |
| Q: We have an offer to purchase a home with the contingency of a home inspection. The home inspection ... A: I would ask your Agent why there is nothing in this section? Cost of repair contingency is there for ... | |
| Buyers rights | 3/30/2010 |
| Q: We have an offer to purchase a home with the contingency of a home inspection. The home inspection ... A: Qusestion, the current 2009 contract calls for a "Cost of repair contingency" item 16 C, what is the ... | |
| Real Estate | 3/20/2010 |
| Q: I am thinking of going into Real Estate as an Agent. Is this a good time to do this as far as the ... A: Good question. Question is do you have at least 1 year of income saved up? You'll need it. The real ... | |
| Partial Sale of 1031 Property | 3/19/2010 |
| Q: What can you tell me about tax concerns/considerations if I sell a small piece of a property I ... A: Good question, my personal opinion is, you will pay tax on any gain period. Your gain is the ... | |
| Liability during showings | 3/1/2010 |
| Q: Our lease on the home we are renting expires the end of May and we are moving. Our landlord has ... A: As for liability I can not answer or advise you. I would reccomend you speak with the rental ... | |
| recombination of land | 11/17/2009 |
| Q: When my house was built the underground gas tank was installed on the wrong side of the property ... A: Have you thought of an easement, this might be something you might look at.If this don't work , ... | |
| Short Sale Questions | 11/6/2009 |
| Q: I am hoping you can help me with some questions. We are currently trying to sell our house and we ... A: Did you have appraisal or market study annalys made. If market study, have someone else look at home ... | |
| Buying from family | 10/24/2009 |
| Q: You may not be able to advise me in this but I am desperate. My mother's house is in my brothers ... A: First question is why did your mom deed to your brother? Who got the mortgage, your mother or ... | |
| mobile home pricing | 10/2/2009 |
| Q: my sister in law is trying to buy a mobile home and the owner wanted around $12,000 and the mobile ... A: I am sorry,but Ido not know anything as it relates to mobile homes. I suggest you visit a division ... | |
| Breach of Contract? | 9/28/2009 |
| Q: If a buyer who has agreed to accept $3,000.00 in needed repairs terminates a Contract to Purchase ... A: Based on your question, the buyer had to give the seller a termination of contract, seller signs its ... | |
| Assuming a loan | 9/27/2009 |
| Q: I'm relatively new investor. I have a property listing for sale or lease with option. The client ... A: In my training of over 20+ years, I was taught by the best in real estate. Rule #1 NEVER engage a ... | |
| House | 9/18/2009 |
| Q: Can you tell me everything about buying a house? How does it all works? A: My best advice is for you to find and work with a REALTOR in your area, you will need to hire this ... | |
Buying or Selling a Home
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- Marvin G. Bobbitt, III
Marvin G. Bobbitt, III
Top Expert on this page
Expertise
Can answer questions about Real Estate in North Carolina. Professional Real Estate Broker,REALTOR Residential Real Estate,Professional Advising,Commercial Real Estate, Estates, Issues regarding real estate and the County Tax system ,Bank owned properties, REO/Foreclosures and Investment properties,New homes & re-sale home sales,Management of Investment properties,1031 tax deferred exchanges, Profit enhancement within investments,Investment property advisor,North Carolina agency and required forms and disclosure.
Experience
Have 20+ years Professional experience.Experianced in property estates and real estate transactions primarly in the Durham,RTP,North Carolina area.Residential Real Estate, Professional Advising,Commercial Real Estate, Estates, My experience covers a vast range of real estate services.Due to my personal training by Frank A. Ward for over 20+ years everyday.In residential,commercial,sales and leases, I have had the opportunity to work and learn with some of the best in the business. Estates have become a specialty to me, including the personal property side of things and how to handle things and what to do with what you got.Hire me and forget about it..
Organizations
Active Member of the Durham Association of REALTORS.
Past BOD for Durham Regional Association of REALTORS.
Active Member of North Carolina Association of REALTORS.
Active Member of the National Association of REALTORS.
Active Member of Triangle Multiple Listing Service.
Past member Durham Jaycees, Durham Sales and Marketing and Durham Rotary Club.
Publications
Durham Herald
Education/Credentials
Graduate; Durham Public Schools
Graduate; North Carolina Central University.
Completion of the following North Carolina Real Estate Courses.
North Carolina Real Estate School Fundamentals.
North Carolina Real Estate Broker Classes.
Completes Continuing Education classes annually as directed by the State of North Carolina Real Estate Commission.
Completion of the following North Carolina Appraisal Courses.
R-1 Real Estate Appraisal.
R-2 Valuation & Principles & Procedures.
R-3 Applied Residential Property Valuation.
G-1 Income Property Appraisal & Valuation.
Completion of Notary Public Classes for the State Of North Carolina.
Active Notary Public for Durham City/County, North Carolina. Active until; 06/16/2015
Awards and Honors
20+ YEARS EVERYDAY PERSONAL TRAINING BY;FRANK A.WARD.
Past/Present Clients
Given upon request
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