Home Buying in Montgomery County : Advice

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Dmmartin27, Home Buyer in Gaithersburg, MD
Dmmartin27 answered:
When a Property Inspection Addendum specifies that the Seller has five days to advise re correction. Buyer withdrew ON A WEEKEND. Buyer gets
Our inspection addendum provides 14 days for inspection, copy of report & written statement of corrective action. 14 days expired. House was inspected but have not heard anything. It's ... more
0 votes Share Flag Fri Feb 5, 2016 Home Buying in 20882
Dan Kubiak, Real Estate Pro in St Louis, MO
Dan Kubiak answered:
Can I back out of a contract after the contingency periods have expired if there is something I don't like in the condo docs?
I don't believe you have a enforceable contract without the "consideration" of the earnest money, check with attorney.
0 votes Share Flag Tue Jan 26, 2016 Home Buying in Silver Spring
Amelia Robin…, Real Estate Pro in Falls Church, VA
Amelia Robinette answered:
In MD, if new home (HOA) contract is rescinded day after signing, are developers required to provide purchaser with a signed release?
always get it in writing, whether it's required by law or not, you need a paper trail.

usually a signed release by both parties is required to release any escrow funds - that's a leg ... more
0 votes Share Flag Fri Jan 15, 2016 Home Buying in 20850
Scott Godzyk, Real Estate Pro in Manchester, NH
Scott Godzyk answered:
If new home contract is rescinded 1 day after signing due to HOA doc review, is developer required to provide seller with a signed release?
It depends, if you put in a request to rescind, it should be in writing, signed and then signed by the seller which they should give you a copy of.
0 votes Share Flag Mon Jan 11, 2016 Home Buying in 20850
Dan Tabit, Real Estate Pro in Issaquah, WA
Dan Tabit answered:
Seller or Seller's agent fraud - Where to report?
Buyer,
Your agent should guide you, but you might try your State Attorney General's Office. No one can put your signatures on a document obligating you without your consent, which is ... more
0 votes Share Flag Mon Jan 4, 2016 Home Buying in Montgomery County
Steve, Home Buyer in Vienna, VA
Steve asked:
I am looking to buy an investment property for up to 400K, low down payment but the rent cover mortgage in Montgomery county MD. I prefer newer units preferably constructed in the last 10 years.
I would like to know which zip codes would be best areas to consider for rental properties.
0 votes Share Flag Sat Jan 2, 2016 Home Buying in 20874
Rvparkerr, Home Owner in Silver Spring, MD
Rvparkerr answered:
I am retired, and have a mortgage. I want to help my son & his fiance' to buy a home by using my IRA for a down payment. How do I do that?
Does not sound like a wise idea. You can borrow money from banks for less interest than 33%. Taking from your retirement account for non emergency reasons is a bad idea. That money has ... more
0 votes Share Flag Fri Dec 18, 2015 Home Buying in 20906
Dan Tabit, Real Estate Pro in Issaquah, WA
Dan Tabit answered:
My real estate agent keeps trying to talk me out of using my VA Loan claiming it would be dropped in a competitive situation.
SJ,
In a competitive situation, if everything else is equal, the buyer with the larger down payment may be preferred by a seller due to greater security in getting the loan approved. ... more
1 vote Share Flag Fri Dec 4, 2015 Home Buying in 20814
Ele, Home Buyer in Gaithersburg, MD
Ele answered:
can you negotiate with NV homes when buying a pre-construction home?
Never go into an NV Homes Sales office without a realtor...especially in VA.
0 votes Share Flag Mon Nov 30, 2015 Home Buying in 20878
FA, Home Buyer in Washington, DC
FA answered:
What is the reputation of the Palisade in Bethesda? is it a nice place for eldery people? How do I find out?
It is a nice place for anyone, I think. We lived there for over a year and found it to be a good place, not too close to downtown but close enough. There was a mix of groups, including ... more
0 votes Share Flag Sat Nov 21, 2015 Home Buying in Bethesda
Tony Grech, Real Estate Pro in Southfield, MI
Tony Grech answered:
How will my employment record impact getting a mortgage loan after leaving my company of 5 years and then returning 6 months later?
With the information you provided, it shouldn't be a problem. You'll just need to provide a written explanation for the underwriter.

True, lenders like stability, but I wouldn't real ... more
1 vote Share Flag Fri Nov 6, 2015 Home Buying in 20886
Brad Neumann, Real Estate Pro in Franklin, TN
Brad Neumann answered:
FHA Back to Work Program
I have helped many families purchase homes through this program. It is a great program for people that have got back on the right track. I know all the details about the program as we h ... more
0 votes Share Flag Thu Nov 5, 2015 Home Buying in 20876
Docholiday000, Home Buyer in Rockville, MD
Docholiday000 answered:
what are the typical real estate agent commissions in montgomery county maryland?
6 % commission on a 300k house would be
0 votes Share Flag Thu Oct 29, 2015 Home Buying in Rockville
89jackmoore, Home Buyer in New York, NY
89jackmoore answered:
Please help.Should home seller pay for tree removal, which tree experts have determined needs to come down, or give credit for removal cost to buyer?
While negotiating, she could definitely bring the prospect up with whoever she is planning to buy from (whether that be an owner, a developer, etc.). So, if she brings it up as a condit ... more
0 votes Share Flag Tue Sep 22, 2015 Home Buying in Silver Spring
Scott Godzyk, Real Estate Pro in Manchester, NH
Scott Godzyk answered:
Is it a good idea for the buyer to present at the house when the appraiser comes to appraise the house from the bank? Does the seller need to consent?
The buyer does need to be at the appraisal, just the listing agent. The appraiser usually will not answer questions and not gove any insight to their job. They come, walk through the ho ... more
0 votes Share Flag Mon Sep 21, 2015 Home Buying in 20903
Ronald Davis, Real Estate Pro in Millersville, MD
Ronald Davis answered:
Difference between investment property and residential house.
Without knowing your specific situation an investment property could be:
1) Purchase, repair, and Re-sell
2) Purchase and hold to lease/rent.
0 votes Share Flag Thu Aug 13, 2015 Home Buying in 20877
 ihzus, Real Estate Pro in 20877, MD
ihzus answered:
i am looking for a home rent to own in the Gaithersburg md area. can you suggest any sites?
Look for 8905 Emory Grove, 20877, where I'm offering a lease purchase option. Save $15,000 on buyer's agent commission, or use it towards option price, if you contact me directly. We ca ... more
0 votes Share Flag Thu Aug 13, 2015 Home Buying in Gaithersburg
Ksc11011, Home Buyer in Rockville, MD
Ksc11011 answered:
Are short sales really good deals? what should buyers know before pursuing a short sale property?
If you are not facing a deadline to move, then a short sale deal MAY be ideal for you. The short sale bank will not provide for repairs so normally short sale transactions are sold in a ... more
0 votes Share Flag Thu Aug 6, 2015 Home Buying in Rockville
Chocolatt'e…, Home Buyer in New York, NY
Chocolatt'e Davis answered:
Lease to buy option in Rockville, MD
Hello I would like to find a rent to own house in montgomery county, md I would prefer a 4 bedroom single family home, I have income I 'm just a little confused on the down payment opti ... more
0 votes Share Flag Tue Jul 28, 2015 Home Buying in Rockville
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