Home Buying in Montgomery County : Advice

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Larry Tollen, Real Estate Pro in Durham, NC
Larry Tollen answered:
How to purchase my aging parents' Maryland home for what they owe, renovate it, and have all of us live in it?
I would suggest that you and parents first sit down with an attorney/CPA to discuss what if any tax strategy would best suit everyone involved. Secondly I'd sit down with a mortgage len ... more
0 votes Share Flag Sun Jun 21, 2015 Home Buying in 20853
Larry Tollen, Real Estate Pro in Durham, NC
Larry Tollen answered:
How can a buyer use the excuse not to buy property because of the inspection, when the inspection hasn't been done.?
You don't need to. Our standard contracts give a buyer a diligence period in which the buyer may terminate for any or no reason whatsoever. simply tell your agent you want out and want ... more
0 votes Share Flag Fri Jun 19, 2015 Home Buying in 20882
Debra (Debbi…, Real Estate Pro in Livingston, NJ
Debra (Debbie) Rose answered:
Should buyer be present at the seller's house when the appraiser comes to appraise the house from the bank?
The homeowner can certainly be home during the appraisal.

Usually the buyer''s agent accompanies the appraiser, as a courtesy.

There s no need for the buyer to be present - as t ... more
0 votes Share Flag Fri Jun 12, 2015 Home Buying in 20906
Susan Gay, Home Buyer in Vidor, TX
Susan Gay answered:
Should buyer be present at the seller's house when the appraiser comes to appraise the house from the bank? I'm buying direct from seller.
I despise appraisers. They are never accurate and if it is a gov't loan, kiss your value adios. No, they are alone when they appraise.
0 votes Share Flag Fri Jun 12, 2015 Home Buying in 20906
sdelcam, Home Buyer in Pearland, TX
sdelcam 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?
I am a parent to adult children so I understand your desire to help them "get started". Unless you are wealthy, and/or the $10,000 is less than 5% of your retirement assets, you should ... more
0 votes Share Flag Thu Jun 11, 2015 Home Buying in 20906
Tony Grech, Real Estate Pro in Michigan
Tony Grech answered:
Can I do my on demo work during a 203k? For example, I'm getting central heat to replace a hydronic system. Can I remove the radiators and piping?
You can't do ANY of your own work unless you are a contractor licensed to do that. 203K is pretty strict when it comes to the repairs/upgrades to the house. They require pretty much A ... more
0 votes Share Flag Tue Jun 9, 2015 Home Buying in 20855
Joseph Domino, Real Estate Pro in Scottsdale, AZ
Joseph Domino 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?
Appraisers prefer to work without anyone asking questions or advising them. Most of the appraisers work is done after they have viewed and measured the house. Do not confuse an appraisa ... more
0 votes Share Flag Mon Jun 8, 2015 Home Buying in 20903
Pcnot, Home Buyer in Greenwood, IN
Pcnot answered:
Rules on Home Inspection -
Is there a law that says the seller has to let other people, such as the buyer and family members, into their home the day the inspector is there to work?
0 votes Share Flag Thu May 21, 2015 Home Buying in 20882
Andrew Liebe…, Real Estate Pro in Sunrise, FL
Andrew Liebenhaut PA answered:
FHA 203K loan requirements
FHA 203k INFO

I use FHA 203k LOANS for my clients that realize they get more home with more equity when they rehab themselves!!!!!

Reasons to use FHA 203k....
1-Many homes are pr ... more
0 votes Share Flag Fri May 1, 2015 Home Buying in 20877
Melissa Muse…, Real Estate Pro in San Antonio, TX
Melissa Muse Wiggans answered:
Do I need a real estate attorney to help with the purchase or sale of a home?
Are you working with a realtor? If you're selling it FSBO I would say yes. If you are selling it with a realtor you will need either a title company or an attorney to conduct the closin ... more
0 votes Share Flag Mon Apr 13, 2015 Home Buying in 20851
salas_janet, Home Buyer in Dalton, GA
salas_janet answered:
Can I, and how would I get approved for a mortgage loan with work permit? Please read.
thing is...he is going to get his residency soon...it's not an ongoing permit..
0 votes Share Flag Mon Apr 6, 2015 Home Buying in 20906
mattdalek47, Other/Just Looking in Columbus, OH
mattdalek47 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?
Since this isn't a cost necessarily associated with functioning of the house itself, I don't think that the sellers would owe anything more than a small credit, if that. Though it doesn ... more
0 votes Share Flag Mon Mar 23, 2015 Home Buying in Silver Spring
silencedogood, Other/Just Looking in 20850
silencedogood answered:
I already visited the Builder twice and also tried to negotiate the price. Will there be any problems in getting a Buyers agent now ? Please advice?
For anyone reading this at the present time (2015), having gone through this myself, my agent was useless for negotiating with the builder, as it has most of the leverage. Your best bet ... more
0 votes Share Flag Sat Mar 21, 2015 Home Buying in Clarksburg
pakijeanne1, Other/Just Looking in Berwyn Heights, MD
pakijeanne1 answered:
is there still celebrities that live in Potomac, md?
YES, THERE ARE CELEBRETIES LIVING IN POTOMAC,MD
0 votes Share Flag Mon Mar 2, 2015 Home Buying in Potomac
Nurit Coombe,…, Real Estate Pro in North Bethesda, MD
Nurit Coombe, No. 1 Agent answered:
what are best condo building in North Bethesda? (in terms of value)
It really depends if you are looking for a high rise or low rise / garden style condo. There are many great buildings or communities with excellent return on investment. The area is ... more
0 votes Share Flag Mon Feb 23, 2015 Home Buying in North Bethesda
d8f9e567, Home Seller in Rockville, MD
d8f9e567 answered:
Hi, I'm looking into a 1400 sq ft. condo (2 Bd, 2 Bth, large balcony, 14th floor with view to another
There is another 1400 sq ft condo in North Bethesda listed at 440000. I know this community well - its very well managed and the condo fees are qute low at 344 a month. Seems its closer ... more
0 votes Share Flag Fri Feb 13, 2015 Home Buying in North Bethesda
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