Hi Philip, Our townhouses in Georgian Colonies are well maintained through the condominium process as compared to the HOA process. Many investors have bought and sold amongst these 415 units in an ideal location in mid-Montgomery County. It may cost $20,000 to install new applicances and paint and redd-up the floors in a unit. We have excellent home improvement and repair companies that do the job for a reasonable price.... more
Hi, unless you plan to sell yourt home yourself, don't waste too much time worrying aobut what trulia.com thinks the valur of your home is.
These automated valuations are not nearly consistent, and are almost always more than 5% wrong on the value of an individual property.
Make sue to hire an agent that knows your neighborhood, and you will do great. If you want the name of a great agent in Darnestown, just let me know.... more
I specialize in the Germantown area and pulled all the current active listings near those schools. Please take a look here: http://mrislistings.mris.com/DE.asp?k=2313837XKKDX&p=DE-216275803-607
Please let me know if there is anything else I can help with.
The Antezana Group... more
Please be advised that a listing agent is working solely in the seller’s best interest unless he has disclosed himself as a dual agent. I would suggest you consult with an agent who can work in your best interest as well, even this late in the transaction process. It’s unclear to me as to why you would need to increase your offer for a house that will be appraised under sale price, and especially if are unwilling to pay the increased price,
Perhaps this agent has some special “tricks” up his sleeve, but you will be bound to paying the agreed upon price if this is put in writing. I’d advise you to be very thoughtful about proceeding with this agreement and negotiating with someone who is being paid to advise and protect the seller.
Good luck!... more
Congratulations on having such a fantastic credit score. You can write your own ticket with numbers like that. If you don't want FHA, your option then is a conventional loan. I'm happy to help you finding your mom the perfect home, and with contacts to explore the financing. I work in the entire DC Metro to Balto areas. I'm honored to be ranked 5 stars by prior clients, and would be absolutely delighted at the opportunity to work with you. Please don't hesitate to contact me directly with any further questions.
Ariana Loucas... more
Thanks for your question!
Generally speaking, the expression “what goes up must come down” (and vise versa) is very prevalent in today’s market. While many homeowners are seeing extreme lows right now, the tide will change. The problem is that we don’t have a true timeframe as to when the change will go into effect.
In short, the decision to sell or hold onto the property is solely at your discretion. Only you can determine the benefits and/or disadvantages of maintaining your condo (financial and otherwise), and then coming to a conclusion.
It looks like your post was cut short. You may have to resubmit, unless of course you were just offering some concise advice. In that case, I couldn't agree more!
Let me know if I can help.
no by signing the lease you have committed yourself to the terms of that lease. If you leave you will loose your deposit. It may also affect your credit score. It does not matter that the property is in foreclosure there is a contract and both parties are expected to adhere to it... more
I am sorry that you are having these issues, but please know you are not alone.
The best idea is to have a short sale specialist evaluate your situation and your home and assist you in speaking with the bank.
I know a spectacular short sale specialist who may be able to help.
Please let me know if you would like her information and I will pass it along to you.
Marney Kirk... more
Home prices have been dropping across the country. A local agent would be able to tell you how far down they are in your area. Since you say the home has been foreclosed, in many cases the condition of the home may be a major factor for the price. In theory an appraiser would not include distressed sales when establishing the value of a home which is not distressed, but in some areas there are few other comparables available.... more
There has been alot of activity in Montgomery County especially with the first time homebuyers tax credit stimulating demand. Germantown has been hard hit with foreclosures and short sales, so homes there need to be priced aggressively to sell - I tell my clients it is a 'price war and a beauty contest.' The first time homebuyers tax credit expires on December 1, so your timing may be off to take advantage of that, barring some change in the current law. Homes coming on the market in November have much less competition, but there are traditionally fewer home buyers at that time of year. You should get a good market analysis of your home's value and see what the competition has recently sold for.... more
Dear Home Seller,
My advice is if you dont need to sell dont. The market is dificult to say the least. I am unclear what area or price point you are in, but you likely are facing aggressive pricing and promotions and not alot of buyer confidence. If you do decide to list, pricing will be more important than ever.... more
Several things: After the borrower contacts the lender, the lender may be willing to work out some restructuring of your mortgage. However, the borrower should contact the lender as soon as possible. Waiting three months is way too long.
Selling the property. If there's equity in the property, and you can price the property at or below market value, you should be able to sell. If there's substantial equity in the property, you can sell to an investor, who typically will be able to buy in 10 days or less. (Note: If you're within 20 days of foreclosure, that last one does not apply. Instead, you'd have to contact a foreclosure consultant--which you really should do anyway--and the foreclosure consultant will provide the names of some investors who might purchase the property.)
I'm not a lawyer--so check with a lawyer--but I believe that filing for bankruptcy can delay foreclosure. However, if you fail to comply with the payment terms of the bankruptcy, that opens up your home to foreclosure again.
Hope that helps.... more