Home Buying in Burke : Advice

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Jamie Skojec, Real Estate Pro in Virginia
Jamie Skojec answered:
Looking for a 4 bedroom SFH with a 2 car garage
Are you looking to buy or rent?
0 votes Share Flag Sat Jan 18, 2014 Home Buying in Burke
Vicky Chrisn…, Real Estate Pro in 20132
Vicky Chrisner answered:
Does anyone have correct sample wording in counters and offers?
if you are actually a broker/agent, please talk with someone in your office. this is not the place for you to get information
0 votes Share Flag Sun Mar 20, 2011 Home Buying in 22015
Young Choi, Real Estate Pro in Fairfax County, VA
Young Choi answered:
Mortgage Approval
They should use current income. As long as your income is rising, they shouldn't have any problem.

You should be able to get best rate for FHA loan or Conventional loan.

... more
0 votes Share Flag Wed Dec 8, 2010 Home Buying in 22015
Michael Krot…, Real Estate Pro in Tucson, AZ
Michael Krotchie answered:
Suntrust indicated they no longer accept short sales with "closing date set within XX days of approval", they want an actual date. Is this?
Hi Cheshire,

You're right, usually the closing date is left open until the final stages of a short sale so addendums are not continually extending the date.

A couple of thing ... more
0 votes Share Flag Wed Aug 11, 2010 Home Buying in 22015
Steve Roake, Real Estate Pro in Plainfield, IL
Steve Roake answered:
How low of a down payment can we reasonably expect to get approval for during the purchase of a home within the next year?
FHA requires 3.5% down payment. Up to 3% of closing costs can be paid by the seller. I do know of one lender doing 1% down, but I think the requirements are probably pretty stiff to g ... more
0 votes Share Flag Mon Jul 19, 2010 Home Buying in 22015
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
how long after you make an offer on a home does the seller have to accept or decline?
Unfortunately, there are no set standards as to how quick a seller needs to respond to an offer--your agent can advise best based on this particular situation--and you can ask your agen ... more
0 votes Share Flag Thu Oct 18, 2012 Home Buying in Burke
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
If a house has been on the market for 68 days without a price reduction and it requires a little work how would you proceed with making an offer?
What is your agent advising--and have you reviewed recently sold similar properties in the immediate area--if so what does the data suggest as to a fair offer. You can make any offer yo ... more
0 votes Share Flag Mon Jun 21, 2010 Home Buying in Burke
Kim Hannemann, Real Estate Pro in Springfield, VA
Kim Hannemann answered:
Is it good practice that a realtor, with support from their company, would offer to hold a second mortgage from a short sale sale for the new buyer?
Well, they put themselves in the position of being a party to the contract, which they have to disclose to all the other parties. It's not a practice of which I have heard or would ... more
0 votes Share Flag Wed Jan 27, 2010 Home Buying in Burke
Angela Sarge…, Real Estate Pro in Austin, TX
Angela Sargent answered:
My home is in foreclosure process, can I still rent that home?
Edith-I don't know how long ago you took out this mortgage on your home. However, there is a high likelihood you signed papers stating you would be the owner/occupant of this home ... more
0 votes Share Flag Fri Sep 18, 2009 Home Buying in Burke
Marc Blackwo…, Real Estate Pro in Prince William County,...
Marc Blackwood answered:
When can sellers void a contract during inspection contingency period?
The home inspection contingency in your contract has a place where you (or your Realtor) specified the number of days within which to respond to any offer or counter offer related to th ... more
0 votes Share Flag Sun Aug 9, 2009 Home Buying in Burke
Monika Kumar…, Real Estate Pro in 22181
Monika Kumar & Realty Geeks answered:
Regular sale has become a short sale?
I feel since loss to the bank will be less your chances are getting approved are high. I would not walk away but ask listing agent to post you as soon as things move on. I have closed s ... more
0 votes Share Flag Sun Jun 20, 2010 Home Buying in 22015
Susan Wesely, Real Estate Pro in Saint Paul, MN
Susan Wesely answered:
Selling bank won't ratify the closing.
I'm sorry that you are in this situation, and, unfortunately, don't know a good attorney in that area. However, please don't throw the baby out with the bath water! From your post, I ... more
0 votes Share Flag Mon Aug 11, 2008 Home Buying in 22015
Karen Wenzel,…, Real Estate Pro in Milwaukee County, WI
Karen Wenzel, e-PRO answered:
what is a cash offer?
Aziz,
A cash offer is where you know that you have the financial means to close on the transaction- absolutely.
You either have a letter of credit from your lender, or documentation t ... more
0 votes Share Flag Mon Apr 6, 2015 Home Buying in 22015
Margo Ramsey, Real Estate Pro in Poughkeepsie, NY
Margo Ramsey answered:
I am a prospective first time home buyer, I plan on buying late summer or early fall. I've been looking at
That is a chancey game to play. Suppose you fall in love with a home priced at 275K and the sellers won't come down to your price range? You've set yourself up for disappointment. Al ... more
0 votes Share Flag Tue Jun 22, 2010 Home Buying in 22015
Monika Kumar…, Real Estate Pro in 22181
Monika Kumar & Realty Geeks answered:
Need a bigger home
Mary, How long have you owned and what are your long term goals from real estate? There is lot more that I can write here but has to be your situation specific!! In general, as recomme ... more
0 votes Share Flag Wed Mar 4, 2009 Home Buying in 22015
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