All Forum Posts by: Mark Guy

simple. If you have to ask the question, there's an issue. Call it what it is. Do these all the time in VA. "Original structure built 19.... Taken down to studs and rebuilt with all new systems". In date field on MLS sheet, I put date originally built.

Where in VA are the properties?

Where are you in VA?

never heard title companies splitting anything. Must definitely be a by product of the area (though I practiced in NoVa from '87-'97 and never saw it). I'm in VA Bch area and is definitely not the practice here. For example, on a $250k sale with 10% down, the buyer's recording and stamp fees are about $1700. The seller's grantor tax is $250. Hardly 50/50.

The take-away from this is to check with a settlement atty or title company to determine the practice in your area.  Real estate is very site specific. 

buyer pays recording fee and state and city tax stamps.  Seller pays grantor tax

Sorry to disagree, but I've been a licensed broker In Virginia for 30 years and I never done a deal where buyer and seller split recording fees. 

simple answer is as follows:

Get your loan from the lender offering the best rate and terms 

Your lender does not have to be located in the state where the property is located, but does have to be licensed to lend in that state. 

 Gary,

I'm looking for deals in Norf, Ches & VB. Stuff I can rehab (not afraid of big rehabs), tear down and build new or just cosmetic rehabs (land/lots too). Just off-market deals, pls. No MLS. Got $$. Please put me on your list. Thx

Mark Guy, [email protected], 757-739-8706

wish I could help you, dude.  But I never touch those things.  It's like buying and selling a car. 

Jare',

I want stuff in Aragona Vlg for rehab.  Send me anything you can find.  Thx