sell it to Her for 300,000 with a gift of equity for the remaining 250,000. You should speak to a CPA but I do not believe you will have to pay Capital Gains if you have been living in it for 2 of the past 5 years.... more
Buying at the court house auction is risky but you can get great deals. The catch is you have to have all cash, its as is and you get NO contract. Once you are confirmed as the highest bidder after the 10 day upset bid period is over then you get a UPS over night package stating when you have to close by (normally 21 days) and how much you need to pay. You must also be aware that buying at the court house steps you do have to pay the excise tax and any unpaid real estate taxes. Be sure that you are bidding on the first lien mortgage and not any junior liens. A title search is the absolute best thing you can have done to determine all of this http://ForeclosureIQ.com... more
Interview several local Realtors and see which one has the most knowledge of your home and neighborhood. Ask how much they can sell the home for, how much are their commissions and fees, how long it will take to sell, ask about the market trends, ask how many listings they have currently and how many they have sold.
You should be able to get a good feel for who will be the best match for you. Best of luck!... more
Corey - did you get set up with a lender and agent? I've lived/worked in 22042 for more than 15 years and work with a lot of investors here. Happy to help if you need it - email me at email@example.com... more
A Realtor isn't an expert on inspections, your best bet is to hire a specialist in this case. In Fairfax Co, the house won't go into drywall unless it passes all the county inspections, so from a safety point of view you should be fine.
Sounds like the bigger issue here is communication. Your Realtor won't generally have all of the costs at the tip of her fingers - the settlement agent is the resource that will provide title fees etc. With new construction there is often a relationship between the builder and the settlement agent, and sometimes the lender as well. All parties have to collaborate to get you the estimates. Keep in mind, that's what they are - estimates. It's difficult to know the exact numbers until you're closer to settlement.
Have a conversation with your Realtor about expectations and what info you need communicated and how you're going to get it. Seems that there may just be some miscommunication happening.
Congrats on your new house - the process can be painful, but in the end you'll be living in your new home, which is cause for happiness.... more
Depends on what you want to happen and how your contract terms are written. There are a couple different strategies you could employ to get out of the contract if this is a deal breaker for you, which your agent should be able to walk you through.
You could also contact an asbestos remediation expert to understand your options for remediation.
From personal experience, I own a house in Falls Church that has asbestos shingles and tile floor. Both are now encapsulated in new siding and under hardwood floors. The remediation specialists told me that as long as the asbestos remains undisturbed, there is no danger. I AM NOT a remediation specialist, just sharing my personal experience. Best to contact a pro.... more
Google maps has this feature and it includes bus stops - I know it's a pain to toggle from site to site, but if Metro access is important to you, it's worth the extra clicks. If you want to be specific in your search, I can set you up with a radius search for each metro you're interested in and send you auto emails daily, weekly or whatever timeframe you prefer. Email me at firstname.lastname@example.org with your criteria and I'll hook you up.... more
There are some good bargains to be had in both areas that will garner decent cash flow. The question isn't as simple as area though. You need an analysis of your financing v cash flow and a look at market trends, both short term and long term so you can try to predict your short and long term profit margins.
I work with a lot of investors in the area and have developed some tools to help with this analysis. you can email me at email@example.com and I can share the tools w/you.... more
The TreeBrooke Recreation Association has a swimming pool for residents of Cherrywood Square, Evergreen Square, Flint Hill, Mayfair Manor, TreeBrooke Condominiums, The Vistas, Vistas of Vienna, and Vistas of Vienna East. This included 646 households. It is really better if real estate agents from out of the area do not try to answer questions that they does not know the answers to.
Going to open houses is a great way to explore neighborhoods. Be mindful of being 'sold' by the agent holding the open house - definitely ask any questions about the property that you need to, but be sure to obtain your own representation when you're ready to buy. Check the web reference link for more information about avoiding 'dual agency'.... more
Wow - lots of Falls Church agents here! Including me and our brokerage. We often have off market properties in the neighborhood, which usually results in significant savings for both the seller and buyer. Win - Win for everyone. Feel free to check our website novahouseandhome.com, reviews and email firstname.lastname@example.org or call 571-353-1531.
Happy to help with any questions, no obligation or commitment required.... more