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Alexandria : Real Estate Advice

  • All411
  • Local Info36
  • Home Buying108
  • Home Selling11
  • Market Conditions13

Activity 511
Earlier today
Kathy Burgreen answered:
When you realize there is NO such thing as rent to own listings - even if you paid for it. They are all scams. You need to face reality that in today's market, most owners need to sell - not rent. Why can't you rent the regular way? Fix your credit and find a regular rental. If you want to buy, you need to cut your expenses and save money for a down payment. Also work hard on fixing your credit to at least 620. ... more
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Wed Sep 13, 2017
Kathy Burgreen answered:
The issue is you're in a very expensive housing market and landlords or owners know they can get anybody to pay the high rents - WITHOUT vouchers. Why would any landlord lose money every month to accept you with a voucher? They won't. If you can pay $2,000./month in addition to your voucher, any landlord will be happy to accept you. Landlords are running a business and they need to make a profit every month. Your voucher does NOT pay the average rent for the D.C. suburbs.\

By the way it has nothing to do with how clean or quiet you are. It has everything to do with money. There are plenty of tenants with high income jobs who can easily pay market rents in your area. You need to look in the low income neighborhoods.
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Mon Aug 28, 2017
Cary answered:
I am in a partnership with two others. We have listed with a realtor and signed the agreements. Two showings and one offer two of us have decided we like it the other now wants to buy us out. What is the general obligation to the realtor at this point? ... more
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Sun Aug 27, 2017
Mimyifru asked:
Asked lender if we can add the closing cost to a conventional loan and this is what she replied. "we will need to be within 50 days of closing to lock in the rate. With a 4.375% there would…
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Fri Aug 4, 2017
Lbrpim asked:
Hello. I am a private real estate investor with 4 investment properties and excellent credit score (>810).

I am looking to purchase my next investment, a multi million luxury villa in…
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Mon Jul 17, 2017
Kathy Burgreen answered:
I answer lots of questions on here and I've noticed this seems to be a trend. You're not the first person to ask about this. You are smart to notice it upfront. Unfortunately, buyers have been complaining that they were not notified about it until they were at their closing and it showed up on the closing documents.

I'm a former realtor and I disagree with this 1,000%. I would shop around for a different realtor. From my experience, I strongly suspect that the buyers in New York City started this trend and it seems to have spread across the country. In New York City, what was happening for years is that because of the huge population, buyers were able to sign exclusive agreements with multiple brokers. Typically, if a realtor can't communicate with their buyer after awhile, that realtor strongly suspects their client is using a different agent. They will check the MLS system to see if their ex-client bought a home with a different realtor. If caught, the first agent can sue the buyer for a commission fee because the exclusive agreement states the agent is owed a commission fee. Unfortunately, in NYC, there are too many sales and a huge population that agents cannot physically check the MLS system for catching their ex clients. Therefore, it's more convenient and a smart business decision to charge the buyer an "admin fee" upfront. This way, if the buyer chooses to work with a different agent behind the first agent's back, that first agent already collected their "admin fee."

Now that it's spreading across the country, I suspect agents don't want to waste time checking the MLS system for "cheaters" or buyers who leave their first agent and go behind their back and work with somebody else. It's much easier to charge the buyer upfront instead of wasting time on the MLS.

This is not "normal" yet, so spend time finding a realtor who doesn't charge this fee. If I were you - I would state in writing on the Buyers Agreement the following:

"I (your name), expect a FULL REFUND of the Admin Fee of $250. if I close on a home with (realtor / broker's name). Have the Office Manager / Broker in Charge sign it.
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Fri Jun 23, 2017
Kathy Burgreen answered:
You need to have pet insurance with liability and damage coverage. You will find it much easier to find a rental if you can prove to landlords that you have coverage for your pets. The issue is landlords don't want to take the risk of somebody suing them because of your pets and anybody can say their pets are well behaved. You have no proof that your pets will behave with strangers at your new rental. ... more
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Sun Jun 4, 2017
Amethyst.dmvmodel1 answered:
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Thu Jun 1, 2017
Debra (Debbie) Rose answered:
Terms such as "condo and town home" are often confusing (not only to consumers, but to some agents, too!)

A condo is a form of ownership. You receive a deed to your unit - you own it - but do not own the land around it. You share "common areas" with other unit owners in the community.There are HOA fees, rules and regulations to follow.

A "town home" describes the style of the building.
I own a condo - it is a town home style w/ 3 levels. There are other forms of ownership (like fee simple and co-op) but no need to confuse you further.

Condos can vary in style - in my area, besides being a town home, they can be apartment style units in high rise buildings, or garden style/apartment units.
What appeals to you more?

The bottom line for you - to address your concerns is............get all specific numbers for whatever community you're considering. See how the HOA fees compare and contrast. Ask to see how financially solvent the complex is....once you have gathered that information, you can make sure the numbers work with your budget.
In addition - do you prefer a multi-level town home, or a one floor apartment style unit?? That's for you to decide

Best wishes!!
... more
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Thu Jun 1, 2017
Solomonjohnson911 answered:
In the link below, you can find multiple apartments for rent in Alexandria.
Amenities filters, apartment search map tool and much more.
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Fri May 12, 2017
Mary answered:
Hi,

Thank you for reaching out. I am happy to help you get your listing posted on Trulia.

If you would like to post a rental on Trulia, you will be redirected to use our partner site, Zillow Rental Manager, to list your rental on Zillow, Trulia and other top sites. Please follow this link for instructions on how to post a rental listing:

http://www.trulia.com/post-rental/

If you have additional questions or have issues with posting your listing, please reply back to this email and I will be happy to help you.

Zillow Rental Manger Help:
https://zillowrentalmanager.zendesk.com/hc/en-us

Thank you for using Trulia!

Mary
Consumer Care Advocate
... more
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Mon Apr 24, 2017
Raglawson asked:
Wed Apr 12, 2017
Patrick Widen answered:
Dear Sir/Madam,
Société Générale funding mission is to conduct ourselves in a manner that maintains high standards of business ethics with consumers, thereby transacting business in such a manner as to merit way
- Asset Based Lending
- Bank Guarantee’s
- Business Acquisition Financing
- Commercial Real Estate Loans
- Commercial Real Estate Refinancing
- Commercial Construction Financing
- Debtor-In-Possession Financing
- Equipment Financing & Leasing
We encourage you to contact us and learn more about the loans service we offered. If you have any questions or want more information about our company, please feel free to email us: Jean-Bernard@financier.com

We look forward to hearing from you.

Best Regards
Jean-Bernard
... more
0 votes 7 answers Share Flag
Thu Feb 23, 2017
answered:
Hello, I'm a mortgage professional.

If your moving to another state you would have to show that your income would continue or use whatever your new income is in the new state will be.

I can lend nationwide.

If you need help with this you are welcome to contact me.
... more
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Mon Feb 6, 2017
Joolyo answered:
The bank did not issue anything of value. Banks obtain "money" by simply converting the promissory note a debtor signed and depositing it into the debtors account. The "money" for the loan did not come from investors. It did not come from the government. It is called ENDOGENOUS MONEY. It is proprietary, private commercial bank money in most cases. A claim to money is the same as money. A promise to pay is the same as money. The proof of this at a macro economic level is in the level of credit. When you attend economic classes they attempt to explain the difference between the money aggregates by a process called fractional reserve lending. But banks do not have in place a system where they could check to see if they can lend money. Banks do not refer to their reserves when the issue "LOANS". Additionally the level of debt reached before the 2008 economic "burst" was too rapid to consider.
But nevertheless banks still are allowed to acquire the property in a foreclosure.
... more
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Tue Jan 24, 2017
Angelica P answered:
Hi,

I have emailed you regarding this concern.


Thank you for using Trulia!

Angelica
Consumer Care Advocate
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