Ralph
Reagan,CSP
House Buying Concepts
New construction is a popular choice with all buyers in the Fayetteville area.
Some advantages of new construction are:
- Nice clean house has never been lived in before.
- If you catch the building process early enough you can pick and choose
what you want in the house.
- A one-year warranty by the builder.
Existing Homes:
- Homes that have been taken care of and updated usually are bigger for the same money.
Thus being a "better deal" when compared square footage to square footage.
VA-Owned Homes:
Temporarily VA has taken their listings down {sigh}
- The Veterans Administration has taken ownership of numerous houses in the Fayetteville area.
- If they are availible for bid you have to move fast! Esp. if you are looking at
houses on Saturday before bidding closes on Monday.
- Since Atlanta has taken over from Winston-Salem a 5% down payment
(sometimes less) is required.(If you finance through VA).
Buyer Agency:
- Buyer agency is here to stay. It is the answer to the question
"Who represents the Buyer?"
- The question is posed because in the not so
distant past REALTOR(R)'s represented the seller almost exclusively.
- Buyer Agency clearly "draws the line" between Buyer and Seller
and their agents, esp. which agent represents whom.
Rural Development:
- Rural Development is a program that took the place of
Farmer's Home.
- It is designed to get people homes who don't have many
choices for lenders.
- In Cumberland County there are "urban" areas
and "rural" areas. Rural Development, of course is for the rural areas.
- You have to fit the program requirements. (A rising scale of income and few debts).
Ralph Reagan,CSP
524 Pearl Street
Fayetteville, North Carolina 28303
Phone:(800)458-3454
Phone:(910)424-0207
Email: ralphreagan@floydprop.com
| Home | FAQ | Get Updates | Contact Us | Deposits |
| Story | Ralph's Bio | Free Info | About Us |
| Our Links | Mortgage |
©2003 Century 21 Real Estate Corporation ® and sm trademark and servicemark of Century 21 Real Estate Corporation. Equal housing opportunity.
Each Office Independently Owned and Operated.
I will co-operate with Prudential, Remax, Century-21, Better Homes and Gardens, ERA, and all other members of the Fayetteville MLS.
Go to Home