Kensington : Questions & Answers

change location

cancel or

Q&A

25
Rob Ertman, Real Estate Pro in Denver, CO
Rob Ertman answered:
Are there lenders that will allow 0 down with No Mortgage Insurance?
None that I am aware of. Finding 0 down programs seems to be a program of the past.
0 votes Share Flag Sat Dec 28, 2013 Home Buying in 20895
Brent Mendel…, Real Estate Pro in Bethesda, MD
Brent Mendelson answered:
Which lenders offer no closing cost options?
All lenders can do this. You get a higher rate in exhchange for funds to be used to closing costs. The devil is in the details though so they need to clearly say what is considered a cl ... more
0 votes Share Flag Tue Feb 11, 2014 Home Buying in 20895
Bruce Lemieux, Real Estate Pro in Montgomery County, MD
Bruce Lemieux answered:
What is the best way to transfer the title of house from my aunt to me with the least cost to both of us?
Hi J - Title attorneys do this every day. You can give Village Settlements (301-590-9300) a call and ask for an attorney, and they would be happy to advise. Good luck.
0 votes Share Flag Sat Dec 28, 2013 How To... in 20895
Shanna Rogers, Real Estate Pro in Murrieta, CA
Shanna Rogers answered:
Overpriced listing in Bethesda/ Ch Chase; is our offer reasonable?
Hi Chuckt,

Don't base your offer on assessed value or list price. Have your Realtor do a Comparative Market Analysis (CMA) on the property using SOLD comps within a 1 mile radius of ... more
0 votes Share Flag Sat Dec 28, 2013 Home Buying in Kensington
Bruce Lemieux, Real Estate Pro in Montgomery County, MD
Bruce Lemieux answered:
We r empty nesters about to list home in Kensington. How will proposed school affect traffic on Kens Pkwy?Concerned home value won't
Hi Briana,

This would likely be a concern for a buyer. However, Kensington is a great area with very good buyer demand. If your home is priced right for the current market, you sh ... more
0 votes Share Flag Tue May 1, 2012 General Area in Kensington
Piero Marinu…, Real Estate Pro in Silver Spring, MD
Piero Marinucci answered:
We want to buy a home in Kensington, MD, Rock Creek Hills vicinity. Just learned the park across the street to be replaced by a huge middle school.
Chuck, that's a great question. Having a brand new school should have a positive impact on values in the near term.

Is the house you're considering adjacent to the park? Be ... more
0 votes Share Flag Fri Feb 22, 2013 Home Buying in Kensington
Cherrie Cata…, Real Estate Pro in Chicago, IL
Cherrie Catama answered:
time for fha review
Hi Harvest,

FHA loans can take 30 days and even over 60 days to complete. Ever lender is different. If you do not feel confident that your lender can get this done for you, you ca ... more
0 votes Share Flag Fri Jan 10, 2014 Financing in 20895
Tracey Simms, Real Estate Pro in Harford County, MD
Tracey Simms answered:
I would like to rent a house that is currently for sale. How do I engage the sellers to see if they would be interested in a 2 year lease?
If the home is listed with a Realtor, either you or your agent must contact that Realtor to present your offer to the owner.
0 votes Share Flag Sat Dec 28, 2013 Home Buying in 20895
Andrew & Ele…, Real Estate Pro in Naples, FL
Andrew & Elena Ollick answered:
Can a va loan be converted to a conventional refinance? also the have done a appraisal on it but intended to do a VA loan, can that appraisal be used?
Every lender is different, but most of the time you can change the loan from one to another, however the underwriting process has to start all over,since the guidelines are different.
... more
0 votes Share Flag Wed Feb 6, 2013 Financing in 20895
Matthew T. S…, Real Estate Pro in Perry Hall, MD
Matthew T. Smoot (Asso Broker) answered:
My realtor says I must put show how much I will bring to the table as 3.5 % of the cost. Is this true. I say $0.00! Can't I Negotiate by
If you are receiving an FHA loan you will need to provide evidence to the lender that you do have the minimum required 3.5% of the purchase price in order to close on your loan. If you ... more
0 votes Share Flag Sat Dec 28, 2013 Home Buying in 20895
Victoria Cro…, Real Estate Pro in San Diego, CA
Victoria Crown answered:
I made an offer on a home and was accepted by the buyer as a backup. My realtor says the bank rejected the offer, should there documentation on this?
If you wrote an offer on a short sale, the seller would have accepted the offer subject to the bank's approval. You can request that the listing agent provide something in writing ... more
0 votes Share Flag Fri Feb 22, 2013 Home Buying in 20895
Nick Staker, Real Estate Pro in Fort Wayne, IN
Nick Staker answered:
Do VA loan appraisals attach to the home like FHA appraisals do? If so, for how long?
It should only connect to the home for 6 months, after that you can move on with a different appraisal report. This is assuming work has been done to the property or there is another r ... more
0 votes Share Flag Wed Feb 6, 2013 Financing in 20895
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
I found a great home with a huge backyard in Town of Kensington (almost an acre). It would be perfect for my dogs to run around. How do I value land?
First, forget the assessment. Assessments don't matter.

You're right that it's not easy coming up with good comps. I found the house you're considering and looked ... more
0 votes Share Flag Sat Dec 28, 2013 Home Buying in Kensington
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
Is there a bus or metro stop nearby?
Yes.

There's a Wheaton Metro stop in Silver Spring. Here's the link: http://www.wmata.com/rail/station_detail.cfm?station_id=33

There are also a lot of buses serving Whe ... more
0 votes Share Flag Wed May 19, 2010 In My Neighborhood in 20895
Carolyn Thom…, Real Estate Pro in Bethesda, MD
Carolyn Thompson 301- 674-3056 answered:
What are some of the pitfalls of purchasing a bank owned home?
Purchasing a bank owned home has numerous pitfalls. You can submit your offer. The bank will often accept your offer, but ask you to sign their addendum. *** Read this carefully, as ... more
0 votes Share Flag Sat Dec 28, 2013 Home Buying in Kensington
James Wheeler, Real Estate Pro in Tampa, FL
James Wheeler answered:
New construction is a modular home ... changes to earlier replies, benefits, drawbacks?
Financing-wise, you should be okay, assuming you're planning on a conforming or government loan. (What's the purchase price?) As I wrote earlier, there are extra considerations in under ... more
0 votes Share Flag Sun Oct 26, 2008 Home Buying in 20895
Bruce Lemieux, Real Estate Pro in Montgomery County, MD
Bruce Lemieux answered:
Are people actually getting mortgages these days?
Sandy,

As a Realtor, I can stay up nights wondering if a contract is going to fall apart because a buyer's mortgage company 'changes its mind' and decides it doesn't want to fund a ... more
0 votes Share Flag Fri Feb 22, 2013 Home Buying in 20895
Bruce Lemieux, Real Estate Pro in Montgomery County, MD
Bruce Lemieux answered:
What are the main dangers of buying a new construction?
Hi Sandy,

A builder that's well managed with material and skilled labor can build a home very quickly, so I wouldn't be specifically concerned about quick construction. Still, with ... more
0 votes Share Flag Sat Dec 28, 2013 Home Buying in 20895
Maria Morton, Real Estate Pro in 64113
Maria Morton answered:
Ok ... one more, if the radon level isn't high enough for EPA action but is high enough to worry us ...
You can ask for anything you want. All the other party can do is accept or reject.
0 votes Share Flag Fri Aug 22, 2008 Home Buying in 20895
1 2
Search Advice

Followers

321
Email me when…

Learn more

Home > Q&A > Maryland > Montgomery County > Kensington
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer