20165 : Questions & Answers

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Cindy Jones, Real Estate Pro in Woodbridge, VA
Cindy Jones answered:
What is the best Flat Fee website to list a Rental property on MLS.?
Put the property on Military by Owner and Craig's list instead.
0 votes Share Flag Tue Apr 2, 2013 Home Buying in Sterling
Danilo Bogda…, Real Estate Pro in Loudoun County, VA
Danilo Bogdanovic answered:
Any tips on how to rent out my tonwhome fast! Its in Sterling and will be available Starting April 1.
Formula for that is = price it at market value (or below if you're in a huge hurry to rent it out) and market it correctly (i.e. in places where majority of renters look for rentals).
... more
0 votes Share Flag Thu Mar 21, 2013 For Rent in Sterling
Matt Elliott, Real Estate Pro in 20148
Matt Elliott answered:
I was looking to purchase a condo in the arcola center community built by Ryan Homes. How is the airplane noise in this area?
Hi RB - you are a little further West of Dulles than you would be in Centreville or Chantilly, so the airport noise is not as bad as if you were directly below the flight path when flig ... more
0 votes Share Flag Wed Mar 13, 2013 Home Buying in 20166
Roger Nakaza…, Real Estate Pro in Reston, VA
Roger Nakazawa answered:
I want to rent out my current home and use that income to buy a new house. Is there any lender out there only need to see the rental lease?
I do not know of any lending institutions that would need to see the lease only. The lending criteria has become very strict over the last seveal years. I believe they would need to see ... more
0 votes Share Flag Tue Apr 2, 2013 Home Buying in Sterling
Elliott R. O…, Real Estate Pro in Falls Church, VA
Elliott R. Oliva answered:
Mother and sister are disabled.I take care of them. My mom heard of home financing program for people who are disable.Anybody know about it in NoVa?
If you could tell me what area(s) you are looking to buy in I can put together some detailed information as to what loan programs are available. There are 2 or 3 no money down programs ... more
0 votes Share Flag Sat Feb 9, 2013 Financing in Sterling
Jamie Skojec, Real Estate Pro in Virginia
Jamie Skojec answered:
Do I continue to rent or sell my condo in Riverbend/Cascades?
Hi Steve! It seems more like a question for your tax professional and financial adviser. It sounds like you have a really good grasp of the situation already and just need to make a dec ... more
0 votes Share Flag Thu Dec 20, 2012 Rental Basics in 20165
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
Buyer's Loan Denied 1 Day before Closing - We've Moved/House is Empty.
In this Market; this can happen.
Now, you can move left, or you can move right; what is your goal?
If your Goal is to sell the house, you may want to help and work with the Buyers you ... more
0 votes Share Flag Tue Oct 23, 2012 Home Buying in Sterling
Linda Treese, Real Estate Pro in Hamilton, VA
Linda Treese answered:
Hi is it possible to get historical information on properties for rent in a given area for the last six months?
Hi Alia - yes, that information can be provided by a Realtor in the area. Please contact me if you haven't received this information yet, or if you wish to list your property for rent. ... more
0 votes Share Flag Mon Sep 10, 2012 Rentals in 20165
Kyle Mcadams,…, Real Estate Pro in Great Falls, VA
Kyle Mcadams, AIA answered:
is it true you can get remodeling pros on http://www.fohmat.com to come out to your house.
Realtors that list homes in your neighborhood would likely be a great source of remodeling pros because we have to build our own network of contacts to call on when clients need them -- ... more
0 votes Share Flag Mon Mar 3, 2014 Remodel & Renovate in Sterling
Steve Quinta…, Real Estate Pro in Albuquerque, NM
Steve Quintana answered:
We prequalified for a mortgage, the builder insists that we submit an application and get preapproved by their designated lender. Is this legal?
Good question. I hope someone knows if this is contrary to a statute, rule or the common law.

Another question is what is the practical effect of requiring an application and prea ... more
0 votes Share Flag Sun Jun 3, 2012 Home Buying in 20165
Vivianne Rut…, Real Estate Pro in Fairfax County, VA
Vivianne Rutkowski answered:
my wife who has forged my signature on loan modification papers my name is only on the mortgate and hers on the deed with me. what should i do?
Hello Need Advice,

Realtors can only offer advice and answer real estate related questions. For a legal advice regarding the loan modification, foreclosure, or your divorce you need ... more
0 votes Share Flag Tue Aug 27, 2013 Foreclosure in Sterling
Martin H. Th…, Real Estate Pro in Ashburn, VA
Martin H. Thomas, CDPE answered:
Trying to buy a house in NOVA. I've been told by several Realtors I can't buy a house because I want to use (and pre-qualified) a VA Loan.
Hello Duck,

Have you talked at all with a loan officer about getting pre-qualified for a VA Loan?

If you don't have a lender, I can recommend a few for you to talk with, and ... more
0 votes Share Flag Fri Aug 3, 2012 Home Buying in Sterling
Natisha Thom…, Real Estate Pro in Bristow, VA
Natisha Thompson answered:
Would banks grant a 1 day extension to close a short sale? Loan is approved but closing date was last Friday.Thanks
Ideally you should request the extension prior to closing. Most banks don't have a problem with it, mostly because they make more money from it....extensions are not free. I rece ... more
0 votes Share Flag Tue May 3, 2011 Home Buying in 20164
Dan Tabit, Real Estate Pro in Sammamish, WA
Dan Tabit answered:
Does an intrest only5/1 make sense if you are looking for a way to stay in your home and plan on moving in 4 years?
Babs,
A 5/1 ARM is a good product when you know you are going to be moving in under 6 years. I say 6 because even if it adjusts to the maximum you may be money ahead for the first ye ... more
0 votes Share Flag Sun Nov 7, 2010 Financing in 20165
Vicky Chrisn…, Real Estate Pro in Leesburg, VA
Vicky Chrisner answered:
Is PMI based of the sale price or the houses appraised value?
PMI is based on the loan amount and not all loans require it. If your relative will be getting a loan to purchase this home then the lender can explain what, if any, PMI is required an ... more
0 votes Share Flag Mon Nov 8, 2010 Financing in 20165
Zorik Dadoyan, Real Estate Pro in Sherman Oaks, CA
Zorik Dadoyan answered:
Do builders like Toll Bros pay agents at settlement who bring in a buyer? I heard they pay up to 5%...Is it fair to ask my agent for 1 or 2%?
Hi Steve,

Most builders do offer up to 5% to agents who bring in buyers. In large newly developed communities they even do all the work. An Agent would just have to show the property ... more
0 votes Share Flag Mon Apr 29, 2013 Home Buying in 20165
Janice Copel…, Real Estate Pro in Winchester, VA
Janice Copeland answered:
i puchased a home and the mortgage company just recently told me if they can't sell the loan they will call the loan. How can they do that?
Hi there!

This is a question to take to your mortgage loan officer for a clear and thorough explanation. It is within your rights to understand every aspect of your loan. So feel ... more
0 votes Share Flag Mon Aug 30, 2010 Financing in Sterling
Vicky Chrisn…, Real Estate Pro in Leesburg, VA
Vicky Chrisner answered:
If the listing agent is not following up with regular updates and has no experience with short sales, is there any alternative other than walking away
Do you have an agent? If so, allow your agent to do his job, including educating you on the process (in other words, answering this question). I do not recommend contacting the bank t ... more
0 votes Share Flag Sun Apr 25, 2010 Foreclosure in Sterling
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