Home Buying in Rockville : Advice

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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
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
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
John Griffin, Real Estate Pro in Mendham, NJ
John Griffin answered:
Who should pay to fix a problem (mold) noted during appraisal and required to fix before closing? Buyer or seller?
I do not know how you made out on this issue but the suggestion for anyone facing this type issue is to shop around for mold remediation firms. Here in New Jersey Mo0ld remediation comp ... more
0 votes Share Flag Fri Nov 28, 2014 Home Buying in Rockville
Steve Quinta…, Real Estate Pro in Albuquerque, NM
Steve Quintana answered:
A house with an old underground oil tank
Answering your question, without more specifics, might take a book length treatise. That is not feasible, but a basic investigation is. Some of the pertinent questions are:

1. How ... more
1 vote Share Flag Mon Oct 20, 2014 Home Buying in Rockville
Diane Christ…, Real Estate Pro in Sarasota, FL
Diane Christner answered:
Are short sales really good deals? what should buyers know before pursuing a short sale property?
In a short sale the sale is subject to approval by the seller’s lien holders. Without that approval, the seller cannot close and you cannot purchase that home.

Your contract shoul ... more
0 votes Share Flag Fri Sep 26, 2014 Home Buying in Rockville
Wayne Christ…, Real Estate Pro in North Bethesda, MD
Wayne Christopher answered:
Can I obtain an ARM loan for $650k with one year tax returns in Montgomery County, Maryland?
HSBC has a preferred member loan program. 30% down no documentation. Some other restrictions apply. keep me posted on the outcome.

Hope it was helpful
0 votes Share Flag Sun Jun 1, 2014 Home Buying in 20850
Rahkiya A. R…, Real Estate Pro in 20716
Rahkiya A. Reid answered:
Earnest money refund
It's all about the contingency clauses. MAke sure your agent clearly states this when writing the offer.
0 votes Share Flag Wed Nov 20, 2013 Home Buying in 20850
Karen Friedm…, Real Estate Pro in Potomac, MD
Karen Friedman answered:
What percent below list should I bid?
There are many factors that go in to deciding how much to offer on a property. Days on market, supply and demand in that area, property condition are a few.
0 votes Share Flag Tue Nov 19, 2013 Home Buying in 20850
Karen Friedm…, Real Estate Pro in Potomac, MD
Karen Friedman answered:
What are my local public schools?
A good resource is the Montgomery County Board of Education website. There is a boundary search area on the site.
0 votes Share Flag Tue Nov 19, 2013 Home Buying in 20850
Greg Bleyl, Real Estate Pro in Cleveland, OH
Greg Bleyl answered:
Looking to purchase above conforming loan limits ($625,000 loan, $781,250 price at 80% LTV). How does a second trust deed work? Where do I look?
Here at our bank the second trust deed closes tandem with your first mortgage as a loan or line of credit. Please feel free to contact me for any questions and a very competitive quote ... more
0 votes Share Flag Mon Aug 19, 2013 Home Buying in Rockville
Michael Elli…, Real Estate Pro in Rockville, MD
Michael Ellison answered:
can we rent a 2br apartment even without ssn? Our parents will provide the monthly payment and a cosigner is willing to help us.
As agents we have fiduciary responsibility to the landlord/owner of properties that are listed with our broker office. A rental application requires certainly personal details and omitt ... more
0 votes Share Flag Mon Apr 15, 2013 Home Buying in Rockville
michael.femi…, Real Estate Pro in Rockville, MD
michael.femiano answered:
Can a G4 visa holder apply for mortgage while putting a 20% payment down? Is there any difference in the interest rates?
Yes, as long as you have the standard two year work history, established U.S. credit you are eligible for a full menu of mortgage products. You can purchase with as little as 3.50% down ... more
0 votes Share Flag Fri Apr 12, 2013 Home Buying in Rockville
Miekeba Jones, Real Estate Pro in 20903
Miekeba Jones answered:
What information do you have regarding the re-development of the White Flint Mall and surrounding area?
Hi David, Thanks for the update. My office is very close to White Flint Mall. Will keep an eye out.
0 votes Share Flag Sat Mar 9, 2013 Home Buying in Rockville
Sunita Trehan, Home Owner in Rockville, MD
Sunita Trehan answered:
Seems like the only new construction in Rockville is Chestnut Lodge off W Montgomery Ave. Any others? Why is pricetag so high?
Very few lots are available and if you work with a builder you can save money. I have a lot and I am working with a few builders to build a house and then sell it.

If you are intere ... more
0 votes Share Flag Mon Oct 29, 2012 Home Buying in Rockville
Sunita Trehan, Home Owner in Rockville, MD
Sunita Trehan answered:
What areas should my husband and I consider to buy single family home, that will keep a commute time under an hour besides rockville?
Compare to Arlington, Vienna is very close to DC but the prices are much higher due to closeness to Tyson's Corner and taxes are also higher.

Rockville 20850 zip code area is close ... more
0 votes Share Flag Mon Oct 29, 2012 Home Buying in Rockville
Yankee Doodle, Home Seller in Rockville, MD
Yankee Doodle answered:
I found a house on my own and asked my agent to arrange a showing and we looked at the house. Can I use another agent to buy the house?
The responses here make me really distrust Realtor#$%$#®s.

Why is it " the right thing to do" to "compensate" an agent she's not happy with simply because the agent arranged a sho ... more
0 votes Share Flag Tue Sep 25, 2012 Home Buying in Rockville
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