Stephen Bennetts

"Residential, Commercial, Multi-Family and Land"

I'm a:	Real Estate Professional
Company:	Keller Williams Metro Realty
Location:	Rockville Gaithersburg Germantown Silver Spring Bethesda Chevy Chase Fort Washington Greenbelt Upper Marlboro Capitol Heights Hyattsville Montgomery County Baltimore County Baltimore Prince George's County Fort Meade Howard County Columbia Annapolis Ocean City View all locations...
Web sites:	My Web site
	http://stevesellshomes.yourkwagent.com/
Phone:	(240) 277-3315

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About Me

Whether you are buying or selling a home, hire someone like me, who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction.

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Stephen Benn…'s Answers (3)

I am looking at a short sale property in Wheaton, MD. It is listed at 289,000. Given the market is it

Asked Wed May 7 2008, 08:47 by Katie - 20902 - Home Buying - 7 answers

Stephen Bennetts answered:

On Short Sales, the banks are generally looking to net 82% or higher of current market value. That means that on a home that has a current value of $300,000.00, they will expect an offer of over $270,000.00 because they will expect a net of about $246,000.00 and you need to subtract the closing costs and other that they have to cover. The best way to pay less is if the house needs work. Then you take pictures, get a contractor estimate, etc. - Thu Jun 19 2008, 14:23

Do banks ever do Sellers Assitance on REO's? Is this even worth putting in a contract? Thanks D!

Asked Fri Apr 25 2008, 15:49 by Dangelo Jones - Bowie - Home Buying - 6 answers

Stephen Bennetts answered:

It depends on the bank. Most of them that I have worked with have accepted 3%. With the rise of the FHA loans, they are considering further closing help if they net the certain amount that they are looking for. In conclusion, banks look at what they will net at the end of the day. - Thu Jun 19 2008, 14:06

50K salary and good credit score! Cant Find an affordable condo to purchase.

Asked Tue Dec 18 2007, 07:32 by L - Rockville - Foreclosure - 20 answers

Stephen Bennetts answered:

Have you checked on FHA loans? You should be able to buy a condo right now. There are some in Rockville under 200,000.00 and in decent shape. Please call or email me with any further questions. - Thu Jun 19 2008, 13:54

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