20853 : Advice

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Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
I purchased a home in Sep with the daughter as the PoA with an "AS IS" clause and "no knowledge of any problems".
Why not contact an attorney specializing in real estate--he/she will be your best source of advice--keep in mind most professionals do offer a free consultation.
0 votes Share Flag Sun Jan 31, 2010 Home Buying in 20853
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
We made an offer on a short sale but the seller won't allow us to do a home inspection before signing a contract. Is this typical?
No, it's not typical if you've made an offer. But it certainly can happen. Remember: A short sale is basically like any other sale, except it's subject to the lender' ... more
0 votes Share Flag Fri Jan 29, 2010 Home Buying in Rockville
Medi Pepper, Real Estate Pro in Rockville, MD
Medi Pepper answered:
my lender could not get the deal done on a 30yr FHA but offered a 3-1 or 5-1 ARM is this a bad idea
It is a great possibility that the ARM might be better. Please call my Finance person on 202-255-4451. He's the best person to answer your question.
0 votes Share Flag Sat Feb 16, 2013 Financing in 20850
Eric Howlett, Real Estate Pro in Dover, DE
Eric Howlett answered:
expanding cracks in an outside wall
I'm not a structural engineer, but a vertical crack is normally not as severe as a horizontal one. It also appears that this is not a new home. If it were, it may still be under wa ... more
0 votes Share Flag Fri Dec 9, 2011 Home Buying in 20852
Max Goodgion, Real Estate Pro in Manassas, VA
Max Goodgion answered:
I bid on a short sale house but it still says active and our realtor just realized that I the EMD check is to the wrong person..is this a bad sign?
Short sales usually require the EMD check be written to the listing company and since the listing is still showing active, it probably hasn't been placed in escrow. Regardless, th ... more
0 votes Share Flag Thu Jan 14, 2010 Home Buying in Rockville
Ron Trzcinski, Real Estate Pro in Baltimore, MD
Ron Trzcinski answered:
how long does a landlord in Maryland have to return a security deposit?
Here is how it works:

The landlord must, within 45 days after the end of tenancy, return to tenant the security deposit minus any amount which he may rightfully withhold. Simple inte ... more
0 votes Share Flag Sat Dec 22, 2012 Rental Basics in Rockville
Dee Nofziger…, Real Estate Pro in Toledo, OH
Dee Nofziger | Toledo Homes answered:
How do I find a qualified real estate agent? How did you find your last or current real estate agent? Where did you look?
I am an agent and I can tell you that my buyers and sellers come from EVERYWHERE. I just had a text message this morning from someone asking me to help his daughter find a home - someon ... more
0 votes Share Flag Tue Jan 12, 2010 General Area in Rockville
Kathi Higdon…, Real Estate Pro in 20880
Kathi Higdon Kershaw answered:
If you are asking if there are any homes that were foreclosed by the bank and are now bank owned, the answer is "yes". For the most part they are priced very competitively an ... more
0 votes Share Flag Wed Sep 9, 2009 Home Buying in Rockville
Craig Ballha…, Real Estate Pro in Boise, ID
Craig Ballhagen answered:
Minimal cost for submiting multiple loan applications with different lenders
If you do actual submissions with various lenders, they will all have to check your credit. This is not good for your credit scores. That is your first potiental problem. When escrow ... more
0 votes Share Flag Mon Aug 24, 2009 Financing in 20850
Sandra Willi…, Real Estate Pro in District of Columbia
Sandra Williams answered:
What are your thoughts on the development impacts on North Bethesda?
I can't forsee the new development having a negative impact on North Bethesda. The new condos with the addition of an upscale grocery store and the expansion of the Montrose Parkway, ... more
0 votes Share Flag Mon Aug 17, 2009 General Area in 20852
Marney Kirk, Real Estate Pro in Timonium, MD
Marney Kirk answered:
I read in Washington Post last Friday (July 10) this opening statement in Post's Real Estate Guru Elizabeth
Hi Fahmida!
Trulia agrees with the fact that their data was in the report...here it is:
It was their data that she used for the article.
I hope ... more
0 votes Share Flag Tue Jul 14, 2009 Market Conditions in 20850
Sharon Koziel, Real Estate Pro in Corona, CA
Sharon Koziel answered:
Can the seller when negotiating an offer with a buyer can they call another buyer and ask to submit an offer?
Until you have an offer accepted and signed by the sellers the home is still on the market and anyone can submit or resubmit an offer to purchase. I agree that the agent should of made ... more
0 votes Share Flag Tue Jul 14, 2009 Home Selling in Rockville
Kelly Vezzi,…, Real Estate Pro in Potomac, MD
Kelly Vezzi, GRI answered:
Where can I find a standard form to request a refund of the earnest money deposit? I'm backing up from a
Please consult your Buyers agent if you are working with one. What you need is a Release Agreement. It is very important to follow the appropriate chain of events to ensure you a ... more
0 votes Share Flag Sun Jun 26, 2011 Home Buying in 20850
Fernando Her…, Real Estate Pro in Maryland
Fernando Herboso answered:
we backed out of a contract during the 10 day due diligence period. My husband was in fear of losing his job
Fear of losing a job is not a valid reason to back out from a contract. From the seller's perceptive, you should have know this before you wrote an offer.
If I was in the local board a ... more
0 votes Share Flag Thu Mar 31, 2011 Home Buying in 20850
Anne Coscia &…, Other/Just Looking in Baltimore County, MD
Anne Coscia & Lora Graetzer answered:
Can someone recommend FHA mortgage lender for first time buyers in Rockville/North Bethesda?
Hello! You are welcome to check us out at the wbesite listed below. We are a direct endorsed FHA Lender and thoroughly enjoy working iwth 1st time buyers and more! We're working this ... more
0 votes Share Flag Sun Feb 24, 2013 Home Buying in 20852
Christine Sh…, Real Estate Pro in Bethesda, MD
Christine Sherrod answered:
Specifically, how does the crime rate for Rockville Estates compare to other neighborhoods in Rockville, such
Hi Tom,

I grew up in Rockville Estates and have lived in the area for 50+ years. You can go onto crime.com or better yet, go to http://www.montgomerycountymd.gov and go under police ... more
0 votes Share Flag Tue Mar 4, 2014 Crime & Safety in 20850
Peggy Souza, Real Estate Pro in 20852
Peggy Souza answered:
How is the Brookhaven subdivision (between Connecticut and Viers Mill) in Rockville for 1st time homebuyers?
Hi Dp - I am not clear on whether you are interested in this area as an investment opportunity or whether you plan on owner occupancy based upon your questions. However, there are many ... more
0 votes Share Flag Sun Aug 23, 2009 Home Buying in Rockville
Bruce Lemieux, Real Estate Pro in Montgomery County, MD
Bruce Lemieux answered:
What sort of closing costs are associated with bank owned properties?
Amanda, When you make a purchase offer to a bank, they typically sell 'as-is', so you can write in an inspection contingency that allows you to void the contract if you don't like what ... more
0 votes Share Flag Thu Aug 20, 2009 Home Buying in Rockville
Bruce Lemieux, Real Estate Pro in Montgomery County, MD
Bruce Lemieux answered:
Can I write-off FHA Mortgage Insurance Premium (UFMIP)?
Hi S, This isn't a question a real estate agent can answer, so see an accountant.

With that disclaimer, since this is rolled into your mortgage, you didn't actually pay this fee at s ... more
0 votes Share Flag Mon Jan 10, 2011 Home Insurance in 20850
Gary May, Real Estate Pro in Rockville, MD
Gary May answered:
I am looking for a Combo loan in Montgomery County, MD

Congratulations on taking the steps in becoming a home buyer. With the 8,000 tax credit what a great incentive to become a new home owner. With the FHA mortgage, you can finance ... more
0 votes Share Flag Mon Mar 2, 2009 Home Buying in Rockville
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