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Home Buying in 20019 : Real Estate Advice

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  • Home Buying6
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Activity 6
Tue Mar 21, 2017
Alan May answered:
I tried to go according to a Rockefeller's income, but I was disabused of that notion by my bank, almost immediately.
0 votes 1 answer Share Flag
Mon Nov 4, 2013
Amberfield Investments answered:
Suki,

Which property are you looking at and how soon are you looking to move in?

Ralph
0 votes 5 answers Share Flag
Thu Oct 3, 2013
WESLEY HOWARD answered:
I would love to help you with your home search. I am available this week if you would like to look at homes. If you need a mortgage preapproval, I have a lender that is up to date on all the first time home buyer programs and grants available. Here is a link to all of the homes available in Deanwood under 300K.

3bdrm 2.5/3 btw... for under $300,000
http://www.1sthomenetwork.com/listings/propertytype/SINGLE/maxprice/300000/beds/3/areas/67098/
Wesley Howard
http://www.1sthomenetwork.com/
... more
1 vote 7 answers Share Flag
Tue Sep 3, 2013
Kenyetta Shaw answered:
An extension was granted but the seller put in these clauses

1. Buyer will provide an additional $2,500 in earnest money deposit.
2. $5,000 Earnest money deposit is non-refundable.

3. Lender provides a statement that all other conditions of the loan have been met and the only outstanding issue is the absence of the tax transcripts.
4. Settlement must take place on or before Friday, September 20, 2013.
5. If settlement does not take place as scheduled, contract is considered null and void and earnest money deposit is immediately surrendered to seller.
All other terms and conditions remain the same, in full force and effect.

I am not willing to provide an additional 2500 and once again how is my earnest money deposit in question if I can't get the financing.
I hope I don't have to get a lawyer involved. :(
... more
0 votes 7 answers Share Flag
Mon Aug 26, 2013
Elliott R. Oliva answered:
Not sure why the underwriter would arbitrarily increase your down payment from 3.5% to 5%. Sounds like you are not getting the whole story from your loan officer. Kenyetta, aside from being a real estate agent I also spent 15 years as a loan officer so if you feel like answer some basic questions I can offer you some guidance and help clear things up a bit.

What are your credit scores?
What lender are you using?

Also, if you are buying in DC there is a great program called the DC Open Doors program that provides you with down payment assistance whether you are using an FHA or Conventional loan.

If you would like more information on that program feel free to call me or email and I will get you in contact with a great lender that can help you.

Elliott R. Oliva
Realtor |“Servicio en Espanol”
703.344.8153 direct | 703.636.7300 office
Keller Williams – McLean 6820 Elm St. #100 McLean, VA 22101
National Association of Hispanic Real Estate Professional (NAHREP)
NAHREP DC Metro-Board of Directors
... more
1 vote 7 answers Share Flag
Tue Jan 11, 2011
Zaza Pasori answered:
Hi,
This property has been under contract for almost two months, Purchaser is having problem to get the financing done. We are still waiting for the purchaser to sign the release. Sorry for the confusion.

--
Zaza Pasori | PenFed Realty
11864 Sunrise Valley Drive,Reston,VA 20191
T. 202-412-5221 F. 703-716-0017 O.703-716-2900
www.penfedrealty.com

Equal Housing Opportunity
... more
0 votes 5 answers Share Flag
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