Yes if you need to find a rental do so but work with me so within a year after your lease is up I can pre-approve you for a home if your ready by then. 443-303-7573
Joseph A Ray
NMLS # 204912
Branch Manager Maryland Licensed in MD, DC
Sutherland Mortgage Services, Inc. NMLS # 9891
10015 Old Columbia Rd, Suite B215 Columbia, MD 21046
cell +1(443)303-7573 fax +1(866)833-4210 office +1(410) 290-6244 CLICK HERE TO APPLY NOW... more
With a buyer agent, an inspection will be performed with an Inspection addendum. After the inspection, requests for repairs and fixes for any problems found can be requested in writing and be made part of the contract. Before settlement a walk through is conducted to check if all the repairs were completed. If the builder works with agents, most do, it is in your best interest to have a Buyer agent, at no cost to you. Most of the work an agent does is to protect the buyer. Please feel free to contact me with any questions.... more
Do as much research ahead of time so you have a good idea of how much money it will take to get the house to a marketable state. Then bid according to what you're comfortable with and don't let yourself go over your limit.
If your intent is to live in the house for a few years and then resell you'll be fine, as long as you keep your
renovations to budget and in line with the area/neighborhood. The danger comes when you start putting too much money into high-end renovations and end up with an over-improved property. You never want to be the most expensie house on the block.... more
This is Interesting. I haven't seen this. If the FHA addendum has $0 for lender repairs, then this would be a nonissue. The buyer would then be responsible for making those repairs. If the seller indeed committed to a certain dollar amount, I'd think the seller would then be in breach if he didn't perform. Are you seeing this on your end as a lender?
Ariana Loucas, Keller Williams REALTOR... more
It is almost impossible to say what you can expect for the $ per sq ft since homes prices vary so much by age, lot size, school district, location, etc.
Generally from what you describe you probably are looking at a SFH from 300-400k at about 2,000 sq ft for Columbia. For Fulton you are probably looking more like 500k for a small home like that. Fulton SFH will come on larger lot sizes as the area is more rural. Finally the age of homes will vary from 1960-1985.
Again, all this info is vary general. If you want more accurate info, call me anytime and we can discuss further.... more
You will need to read your lease and determine it that way. Most leases state that the home must be returned in substantially the same condition that existed at time of the rental with ordinary wear and tear.
Where are you looking to move to? Can I send you a list of properties that may fit what you are looking for?... more