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Hemby, NC Real Estate News

By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
I am seeing some wonderful opportunities out there for commercial properties. We are all hearing about how the commercial-industrial bubble is about to break or in fact has alreast started breaking. All the businesses that are going under are having or are about to have a devistating affect on the market... we will see some real interesting opportunities as this unfolds. Keep your eyes open but more importantly start thinking about how you can structure deals to take over some of these properties.  Mixed use buildings can be financed using the FHA 203 program with only 3.5% down payment. What a way for a business owner to be close to his business, or a young investor to get started by using a mixed use building, living in one unit, renting out the other residential units and the commerc...
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By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
What is in a 203k consultant's FEE for services? FHA 203k fees were set up in 1994 and were adjusted one time to add some depth and extend the upper fee from $700 for $30,001 to $50,000 and add a fee of $800 for work from $50,001 to $75,000, a $900 fee for construction between $75,001 to $100,000, and finally a fee of $1,000 for construction in excess of $100,000. Remember in these days the typical loan amount for FHA loans was about $150,000 to 250,000 and very rarely did you see a construction project in excess of $50,000. In 2004 the loan limits were dramatically increased up to $729,750 and the project costs skyrocketed sometimes up to $500,000 in construction costs. As a mater of survival consultants across the country had to act on their own and most of them used the HUD guideline...
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By Jane Cross
(Homes By Cross serving Charlotte NC Real Estate Needs)
A quick review on Indian Trail NC homes for sale in Bent Creek, spanning current activity since September of 2009,and going back to review the same time span for the past three years-the numbers are all based on the market averages for Bent Creek real estate. If you would like a free in-depth market analysis for your neighborhood, just give us a call and we will be happy to provide that to you.   Bent Creek MLS Housing Activity from 09/01/2009 through 2/14/2010 Status # of Homes List Price Sold Price %SP/LP Days on Market Active 6 $172,266     98 Pending 0 0     0 Status=SOLD # of Homes List Price Sold Price %SP/LP Days on Market 2009-2010 3 $180,800 $174,300 97% 68 2008-2009 7 $203,014 $196,250 97% 61 2007-2008 4 $209,325 $205,850 98% 67 If you are a buyer or seller, interested in home...
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