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20007 : Real Estate Advice

  • All21
  • Local Info1
  • Home Buying14
  • Home Selling1
  • Market Conditions1

Activity 21
Tue Jul 7, 2015
Scott Godzyk answered:
For sale by owner homes are not allowed so if you listed it for sale and are not licensed, it will not show. Only licensed agents can post homes for sale.
0 votes 1 answer Share Flag
Mon Aug 12, 2013
Miekeba Jones answered:
Hi Mary!! your Realtor is able to list it. Do you need a Realtor because I could list it for you?
0 votes 4 answers Share Flag
Wed Apr 3, 2013
Wayne Johnson answered:
Hi Brenda,

Check Vacation Rentals by Owners at vrbo.com, then go to Washington, DC and check under Georgetown. There is a great house located on Q Street just off Wisconsin but you would have to check its availability. Good luck!

Wayne Johnson
REALTOR
waynej@kw.com
... more
0 votes 4 answers Share Flag
Sun Mar 17, 2013
Donald Stevens answered:
A good price to me is the best coverage for the best rate. You can get a stripped down basic policy that costs almost nothing but doesnt cover much either. Best thing to do is to compare a couple of quotes, look at coverage AND price and then make a decision. In the event of a claim, sometimes the cheapest insurance turns out to be the most expensive! We would love to be one of those agents to give you a quote. Good luck. ... more
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Sat Feb 9, 2013
Brendabyars59 answered:
I live in the Winston-Salem area. I was wanting to know if I can buy my first home without the closing cost? A home under 80,000 dollars.
0 votes 10 answers Share Flag
Thu May 27, 2010
Ellie Shorb answered:
Dear Patti:
There is no good reason not to start your search now. Interest rates are incredibly low and there is better inventory in May through mid-July than there will be in Aug.... and if you decide to wait after you have looked around, you can resume your search in the fall. You may find just the right place that could later be used as a rental investment.
DC is attractive for many reasons but the area tends to weather economic storms better than most places as the federal govt. tends to create jobs in leaner times (think post 9/11 especially).
My blog has more on this. Please contact me if I can be of assistance. It would be my pleasure to help you in your search.
... more
0 votes 10 answers Share Flag
Wed Dec 9, 2009
Kelly Putz answered:
Hi Matt,

Homes in that area are always sellable - a year, two years, three or ten down the road. It all just depends on whether you want to make money or break even on the deal. Unless you make a cash deal or can make extra payments on the mortgage, if you sell in the first three years you are still paying off the closing costs for the loan, and if you go with an FHA loan you'll also be paying PMI (primary mortgage insurance).

If you are willing and able to rent the property in three years, that area would be a good investment. You could always hang on to it for a vacation rental also. Those do really well around here.

Have a look at the search engine on our website: www.kangalrealestate.com and let me know if anything strikes your fancy. Our search is pretty beefy compared to most other real estate sites.

If you like what you see, then I would love to meet for a coffee to see if we might work well together.

:)
Kelly Putz
Realtor®
Kangal Real Estate
DC/MD/VA
703-961-8663
... more
0 votes 7 answers Share Flag
Sat Oct 17, 2009
James Ryan answered:
Good morning Parkcrest, Your loan confirmation letter and its contents are going to be regulated in most cases. Most terms like pre approved, pre qualified, etc are now defined by statute in most localities. Make sure the lender you choose is licensed in your area, and their letter should be, at least legally speaking, correct.
Our letters always explain the parameters of the loan, the type of loan, and the amount (if any) of closing costs the seller is expected to pay, as well as cover items that will be needed to complete the loan, such as an acceptable appraisal and clear title work. I hope this helps you! Jim
... more
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Sat Oct 10, 2009
Arthur Hardy answered:
One of the things I always insist my buyers do is go to the homes we are considering to view and stand on the sidewalk and listen at the time they would normally be getting home from work. It will become quickly apparent
if the noise level is untolerable. If it is I have them move a block further away from the beltway until they reach a block they find acceptable. Then we know what the distance is and we eliminate homes that are too close for their noise preference. As for the inside, I always recommend if the home doesnt have them already, dual pane windows. Not only does this substantially reduce outside noise, it also helps with heating/cooling too!

Arthur Hardy, Realtor
W.C. & A.N. Miller Realtors
4910 Massachusetts Ave NW
Suite 119
Washington DC 20016
(202) 362-1300 office
(202) 362-3164 fax
(202) 895-2860 direct
web arthurhardyjr.com
email arthurhardy@LNF.com

Know of anyone thinking of buying or selling a home? Referrals are greatly appreciated.
... more
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Sat Oct 10, 2009
Paula Hemani & Robert Schott answered:
Showing your home to buyers that MAY be unqualified is toward the bottom of the list of buyers you want viewing your home but these buyers could end up being qualified down the line. In our current market it's turning every stone and taking every lead to the end. ... more
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Mon Aug 17, 2009
Courtney Poulos answered:
Greetings!

An excellent question! It can truly vary depending on the property, the finishes, etc. In general, new construction properties often sell for 10-20% more per square foot than it's resale competition, but based on the building itself, amenities, the location of the unit in the building, and the developer's incentive to sell, etc., sometimes new construction and resale can be quite comparable. Take 2516 Q St. NW, #C102, for example. It is currently listed for $599,000 and has 1025 sq. ft., per the listing. That's $584.39 per square foot. 2425 L St. NW, #734 is listed for $585,000 and has 833 sq. ft. That's $702.28 per sq. ft. The building is 3 years old. Then take 1140 23rd St. NW #902, built 24 years ago. A property there is currently active for $515,000 and claims 900 sq. ft. That's $572.22 per sq. ft.

If you would like me to send you over a list of active and recently sold properties in the West End, please send an email to courtney@reishmangroup.com-- I'd like to learn more about what you're looking for!
... more
0 votes 1 answer Share Flag
Thu May 7, 2009
Bill Eckler answered:
Mark,

Regardless of location, road noise in the distance can largely be influenced by the direction of the wind. If the predominent wind is toward your complex you can expect a more regular road noise experience.

Good luck
... more
0 votes 3 answers Share Flag
Mon Apr 27, 2009
Richard Helbig answered:
Mark,

You can sell your home: "contingent on the seller purchasing another home", a clause that used to be called something like "Home-of-Choice". Your agent can fill you in on the details.

You'll miss some portion of the buying public with this, but then again you may encounter a buyer whom this suits perfectly, (one who also wants a long settlement period). Hey, you never know! Good luck,

--RICHARD--
Coldwell Banker--Bethesda
301-801-2970
rhelbig@cbmove.com
... more
0 votes 7 answers Share Flag
Fri Mar 20, 2009
FrankyRealty answered:
Yes. (but I am not a lawyer)

Happens all the time.

But people would rather lose $30,000 than talk to a lawyer for $500.

But you better hurry, there are time limits for things like this. One of those is 2 years, so you better hurry.

Also only talk to a lawyer that has done a few of these. Sure, Uncle Joey might be a lawyer, but if you don't knwo the ins and outs, you will be reinventing the wheel and missing all the best ways to handle this.
Frank
... more
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Tue Mar 10, 2009
Lise Howe answered:
I really like the Rich Dad, Poor Dad series - Rich Dad's Advisors®: The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss, and What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures by Frank Gallinelli. If you are interested in buying an investment property, I would be glad to talk with you, particularly about small multi families which shelter you against the risk of vacancy a little better than single families. Just give me a call at 240-401-5577 if you would like to chat and I can share some of my experiences in buying investment properties for rental. ... more
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Sun Feb 22, 2009
Tammy Britt answered:
John,

Not Logan Circle specific; however, next door Shaw has plans of the new O Street Market revitalization and scheduled Marriott and Kimpton hotels. As someone else mentioned, the 14th street corridor is continuing to see new shops, restaurants, etc. As well as the new VIDA Fitness and of course the very popular Whole Foods. This should all prove valuable to the Logan Circle area. I have been selling in Logan Circle for the past few years anticipating that it would be the next Dupont Circle and according to recent articles, it has. I also live in Logan Circle. Feel free to contact me with any other questions.

Tammy Britt
Coldwell Banker/TRS Group
(202) 841-1869
www.TRS-Realty.com
tbritt@cbmove.com
... more
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Thu Sep 11, 2008
Michael Taft answered:
Ed, while I also can't chime in on square footage/$$$$, I can tell you that prices here have held their own. I work primarily in the Georgetown, Burleith and Glover Park areas and we have seen both less days on market and less price reductions then the rest of the city and certaily the country. As my collegue stated you are going to have a hard time comparing property in Burleith and Foxhall Villiage because they are so diverse. You could get a good idea for proerties in the Hillendale, Cloisters or Westover, being that there is a standard layout with no real changes to structure. One other strategy is to consult tax records as this will at least give you an idea on "assessed" prices which you could then convert to price per sq ft. ... more
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