Home Buying in 20852 : Questions & Answers

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Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
What do Real Estate Agents really want from a Title Company and Settlement Agent? People are not files or numbers, they are people and want answers!
Complete a title search upon receiving the closing order to identify any problems early. Then make sure the buyer, seller and agents understand the paperwork, the numbers and the proces ... more
0 votes Share Flag Wed Aug 13, 2014 Home Buying in 20852
The Roskelly…, Real Estate Pro in Odenton, MD
The Roskelly Team answered:
4 Mos. R. E. Tax Esc
Yes, when you close on a new home you will need to place enough money in your escrow account to have a full payment in there on the next tax due date. So depending on the time of year ... more
0 votes Share Flag Wed Jan 22, 2014 Home Buying in 20852
Bridgette Ch…, Real Estate Pro in Bowie, MD
Bridgette Chase answered:
Is the market slowing down?
Hi Diego!

The market is a little slow, but stable. Although refinancing in slow down a bit. However, things are well. But it depends on your perspective.

Bridgette "Kyria" Cha ... more
0 votes Share Flag Mon Sep 23, 2013 Home Buying in 20852
Caryn Elder, Real Estate Pro in Montgomery County, MD
Caryn Elder answered:
First-time home buyer question about financing/tax/etc. implications of purchasing and then renting out...
There are many diffeent facets wehn buying an investment condo. The down payment is larger (20 to 25%), the interest rates are higher, and you must qualify for the mortgage payment and ... more
0 votes Share Flag Mon Sep 23, 2013 Home Buying in 20852
Wayne Christ…, Real Estate Pro in North Bethesda, MD
Wayne Christopher answered:
Can someone recommend FHA mortgage lender for first time buyers in Rockville/North Bethesda?
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
202-573-6035
www.fairwayboston.com/Default.aspx
Contact: Catherine Purcell
catherinep@fairwaymc.com
0 votes Share Flag Sun Feb 24, 2013 Home Buying in 20852
Ron Alexander, Real Estate Pro in 21737
Ron Alexander answered:
We got the radon test report back at 10 (above the US EPA Action Level of 4.0 pCi/L.). Any recommendations?
Above the EPA recommended level of 4.0 pCi/L must be remediated by the sellers and retested after the remediation system has been installed.
0 votes Share Flag Thu Jun 21, 2012 Home Buying in 20852
Greg Myers, Real Estate Pro in 21771
Greg Myers answered:
Do you recommend to have radon test done when purchasing a home in montgomery county, MD?
Yes you should have the home tested unless you are in a mutilple offers on your home of choice I would suggest you not include a RADON contingency. Have the home tested and remediate i ... more
0 votes Share Flag Sat Jun 16, 2012 Home Buying in 20852
The Roskelly…, Real Estate Pro in Odenton, MD
The Roskelly Team answered:
In process of buying short sale, now I find out it's an FHA short sale. Isn't APT done before listing? Are we in trouble?
Hi Steve,

No I don't think you are screwed. In fact it sounds like everything is progressing nicely. Hoping that the asking and offer price as well as any seller concessions are wi ... more
0 votes Share Flag Thu Apr 26, 2012 Home Buying in 20852
The Roskelly…, Real Estate Pro in Odenton, MD
The Roskelly Team answered:
expanding cracks in an outside wall
Hi Voges,

It is difficult to get any lender to do a BPO in advance of an offer so it looks like this is progressing normally. As for the pssible structural issue, most short sales a ... more
2 votes Share Flag Fri Dec 9, 2011 Home Buying in 20852
Industry Obs…, Real Estate Pro in Columbia, MD
Industry Observer answered:
What are the financial credits/options available for first time home buyer?
Maryland has .25% credit on the transfer taxes. Montgomery County has the HOC program that can be used for down payment and closing costs. Check out the web reference for more details.. ... more
0 votes Share Flag Thu Feb 18, 2010 Home Buying in 20852
Northbeth, Home Buyer in 20852
Northbeth asked:
What are your thoughts on the development impacts on North Bethesda? Specifically, the high rise condos, new Whole Foods/Golds Gym across from White Flint Mall, and the new Montrose Parkway? Will this be a negative impact for 20852?
0 votes Share Flag Fri Aug 14, 2009 Home Buying in 20852
Peggy Souza, Real Estate Pro in 20852
Peggy Souza answered:
Should I Purchase a home In N. Bethesda/Rockville, MD or wait ? How low will it get in this area with Fed Gov?
Great choice of neighborhoods. The North Bethesda/Rockville area provides reasonable commuting distances to the District of Columbia and many government agencies by the Metro or by ea ... more
0 votes Share Flag Sun Mar 29, 2009 Home Buying in 20852
Cindi Hagley…, Real Estate Pro in San Ramon, CA
Cindi Hagley As Seen on TV answered:
Why Banks do not allow the same owners to SHORT SALE their own home. .if they have a qualified hardship?
I am finding that lenders are more willing to write down the note....and modify the interest rates.
0 votes Share Flag Thu Nov 20, 2008 Home Buying in 20852
Fernando Her…, Real Estate Pro in Maryland
Fernando Herboso answered:
Is there such a law stating that in a short sale an agent is not supposed to use his/her commission toward?
It is not a law. . it's a policy . . that can be negotiated by you with the bank. .
Why don't you tell them that you will agree to waive your commision since it's "THE LAW". . .(as th ... more
1 vote Share Flag Thu Oct 23, 2008 Home Buying in 20852
The Roskelly…, Real Estate Pro in Odenton, MD
The Roskelly Team answered:
HOW CAN I SEE HOW MANY HOUSES ARE RENTAL BEFORE I BUY A HOUSE?
Many owners list their homes for sale with licensed real estate agents. Have your agent pull a list of rentals in the area. Go back 2 or 3 years and that will give you a good guesstim ... more
1 vote Share Flag Mon Sep 15, 2008 Home Buying in 20852
The Roskelly…, Real Estate Pro in Odenton, MD
The Roskelly Team answered:
I am in process to buy forclousure property. I make offer and the seller acept my offer, so the seller dont'
Hi Mich, If you are buying directly from the owner and there is not a real estate agent involved make sure that a reputable title company or settlement attorney is involved. They shou ... more
1 vote Share Flag Mon Sep 15, 2008 Home Buying in 20852
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