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11104 : Real Estate Advice

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  • Local Info1
  • Home Buying3
  • Home Selling2
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Activity 7
Mon Aug 15, 2016
Angelica P answered:

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Fri Jun 3, 2016
Chakina varone answered:
Im look for a two bedroom i get section 8 i need a broker
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Thu Jul 25, 2013
Nick Sakalis answered:
Have you found what you are looking for? If not, contact me, I would like to help you.
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Fri Mar 29, 2013
Cristyle Egitto answered:
Are you the Buyer or the Seller?

If you are the Buyer, I would consider requesting a purchase price reduction. If you are still within your due diligence period you may be able to walk away. If you think the appraisal is off, maybe talk to your agent/lender about what options you have. If that number is correct, you may have to bring more money to the closing table. I would also look to see why the SF amount was so off.

If you are the Seller, maybe see if there is a way to contest the appraisal amount. If you think the SF is wrong, maybe measure to show the SF your agent advertised.

That's a hard situation. I just went through the same with a buyer. Everyone agreed the unit was about 850SF but the appraiser who knocked it down about 100SF. It wasn't enough to cause a huge price difference for the loan so we just went with it, but it was definitely a shock when we got the report.

Good luck!!
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Fri Mar 4, 2011
Gerard Dunn answered:
1031 Exchange is a good solution to DEFER your tax and long term capital gain.

Most important in my opinion is to keep a thorough log of improvements made to the property. Unless logged - many of these improvements fall through the cracks over the years. These expenses add to the basis of the property and reduce gains upon sale.

Gerry Dunn
Associate Broker
Serving Maryland, D.C and Northern Virginia
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