Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Buying in 20147 : Real Estate Advice

  • All44
  • Local Info0
  • Home Buying28
  • Home Selling3
  • Market Conditions0

Activity 20
Mon May 16, 2016
Megan Alexandra answered:
I would love to help you figure out the right direction to go, but I may need some more specific information and know a little bit more about your goals. If you want to email me at meganalexandra@kw.com and I can draw up some estimated figures for your specific condo! ... more
0 votes 1 answer Share Flag
Tue Oct 6, 2015
Desabandhu answered:
Thank you Amelia for your reply and info you provided.
I did contact lender and submitted my documents for loan, but on monday I told lender not to run crdit because I do not know how much it cost to build the home. The site is in Ashburn rd with abandon home sitting on it. this would be my Primary home. Both my self and my wife are working. ... more
0 votes 2 answers Share Flag
Thu Mar 5, 2015
Bree Lawrence answered:
Hi-I live and work in Ashburn and can answer this for all those who have this questions. I mostly work Loudoun County & the Fairfax County area's of Northern Virginia. Of course things change and so do programs, but you can always contact me for up to date information.

First thing you want to do is to contact a Local Realtor in the area you are looking to buy. They can give you the most up to date information on their area, whereas other Realtors in other parts of the country have information for their area's. The Local Realtor can also help you find a Lender(should you not have one) that is licensed in the area you are looking to buy as there are some loan programs that are specific to certain areas.

For instance a local lender in NY may not be licensed in the part of VA you are looking to buy. Or there may be a loan program that works in one state that doesnt qualify in the area you are looking to buy a home.

Once you have found a lender, they can then help you on the programs that are specific to 'the area' you are buying in. There are a lot of programs out there and once you talk to a Realtor or a Lender in that area they can help you find out the qualifications and options you might have.

Please dont hesitate to contact me for more information about your situation or anyone else that reads this as well.

Bree Lawrence
Coldwell Banker Residential
571-244-9896
Bree.Lawrence@cbmove.com
... more
0 votes 11 answers Share Flag
Tue Jan 7, 2014
Property4peanuts answered:
If you want to know the answer of your question contact with us. We are expert in property deals. Please contact with us http: //www.property4peanuts.com/contact-us.html/
0 votes 3 answers Share Flag
Sat Nov 2, 2013
Bree Lawrence answered:
Hi-I always 'stress' to my clients to get at least 2-3 Lender Good Faith Estimates(GFE's). Dont feel bad, its like shopping for a car, but bigger. Do you go to the first dealer and take whatever he tells you;probably not. Shop around. If you need any names of some good lenders I have worked with message me. ... more
0 votes 5 answers Share Flag
Mon Aug 26, 2013
Beth Seifart answered:
An agent can help you make sure you are not paying too much for the home. A good agent can pull up comps for you that will show what other similar homes in the area have sold for. This can save you a lot of expense and stress. If you write a contract and the home doesn't appraise for the price you offered then you have to negotiate on your own with the seller and they might not be willing to work with you. All of this is what an agent can do for you from the beginning. You really should get professional help to help ease some of the stress.

I hope this helps! Good Luck!

Beth Seifart
Keller Williams Realty - Leesburg, VA
... more
0 votes 21 answers Share Flag
Sun Aug 25, 2013
Beth Seifart answered:
This is a very good question. Depending on who set things up have them get in touch with the appraiser. A reputable one should re-evaluate the appraisal based on your questions and have reasons why they came up with their appraisal. If that doesn't work since a low appraisal affects both parties see if you can have another appraisal the lender will agree to and split the price between you and the seller if necessary.

Appraisals are rather tricky right now because prices are inconsistent and many appraisers are having trouble finding comps to the particular property. When I am the seller's agent I have my comps ready and show them to the appraiser. Many times they consider these as part of the process.

I hope this helps! Good Luck!

Beth Seifart
Keller Williams Realty - Leesburg, VA
... more
0 votes 2 answers Share Flag
Mon Feb 18, 2013
Kamal Singh answered:
Sridhar
I might be late in answering. but as a investor myself I will suggest buy something which has positive cash flow in current market. nobody can predict future growth potential. there are lot of cheap rentals available .
if you want to buy just in one loudoun only, then go with smaller single family. I worked with major builders in area and I am very investor friendly real estate broker.

Kamal Singh
Associate Broker
Jobin Realty
703-728-3403
... more
0 votes 5 answers Share Flag
Sat Dec 22, 2012
Lisa Moroniak answered:
Sridatta,

You have to consider all factors in your decision making, and weigh immediate cost versus ROI in future appreciation.

From an accessibility perspective, Dulles Parkway Center is well located in that it's near Dulles Greenway and Loudoun County Parkway - which runs through several communities in Ashburn. In consideration of future appreciation, funding for Phase II of the Silver Line Metro construction has been approved - and DPC is mere minutes away from both stops proposed for Route 606 and 772.

Dulles Parkway Center is still very early on in development. I feel between timing and low interest rates now is a good time to buy there.

I'm actually closing on a unit at DPC at 11am this morning. Please feel free to get in touch with me directly if you have additional questions about your purchase, and are not working with another real estate professional.

Kind regards,
Lisa

Lisa Moroniak | REALTOR® | Service360°
SFR - Short Sale & Foreclosure Certified
Keller Williams Realty
Phone: 703-635-0388
http://www.LisaMoroniak.com
Licensed in VA
... more
0 votes 3 answers Share Flag
Wed Aug 29, 2012
Misty Mount answered:
Talk to your agent about it first. The deficiencies may or may not even help the final value. It is very difficult to appeal anappraisal.
0 votes 7 answers Share Flag
Wed Aug 15, 2012
Matt Elliott answered:
Sazia - not any more than it is today. And so therefore, if you're buying it today with few concerns, the next buyer will likely have the same type of concerns. So long as it's in the same age range as the homes surrounding it, those homes will also be 10 years older, and it becomes a relativity issue.

You should be just fine when you look to sell it.

Other points to consider are the current age of the major systems of the house: roof, windows, HVAC, hot water heater. Those are considerable expenses; make certain you do your proper due diligence on those systems or risk facing 20-30K worth of expenses to hit very soon.

Hope this helps; if I can answer any further questions, call anytime.

All my best
Matt Elliott
703-627-2167
matte@kw.com
... more
0 votes 3 answers Share Flag
Wed Jun 13, 2012
Robert Lambert answered:
Lansdowne on the Potomac has several patio and townhomes available. Read the reviews on the Loudoun County school system.
0 votes 13 answers Share Flag
Mon Apr 9, 2012
Carol Czarkowski answered:
To add to the other comments, a bank owned property can get to settlement within a month where a short sale can take anywhere from six weeks to a year to get to settlement. When buying a bank owned property in the state of Virginia, the buyer receives a Special Warranty Deed at settlement rather than a General Warranty Deed. However, the time it takes to get to settlement on a regular sale and a bank owned property can be about the same. ... more
0 votes 8 answers Share Flag
Wed Mar 28, 2012
Steve Campot answered:
There are a lot more choices for you in 20148. I highly recommend that you contact an experienced agent to help you through the process. The builder pays the commission so it is at no charge to you. My last two settlements where on new townhouses in Ashburn, plus I live in a townhouse in Ashburn. Please feel free to look at my website and contact me if you would like to have a no pressure conversation about your real estate goals.

Thank You,
Steve Campot
Broker
703-399-5109
www.sgcrealestate.com
... more
0 votes 2 answers Share Flag
Tue Apr 20, 2010
Patrick Samson answered:
Hi,

Try MetLife Mortgage. My contact there is Rob Hoy at 703 623-7857. Rob has lot's of contacts and sources.

Best of luck! -Pat
0 votes 3 answers Share Flag
Fri Jan 15, 2010
James Ryan answered:
Hi Satya, as already mentioned, you have hit the high points, and the best place to begin the cash flow analysis is with a good lender, as the rates have been very volatile lately. I am more than happy to go over rates for investment properties and develop mortgage scenarios for you at no cost or obligation. Certain condos must be FHA certified to qualify for the most financing options. Feel free to give me a call or an email and I would be happy to work with you! GreatRateFolks@hotmail.com. Best Regards, Jim. ... more
0 votes 5 answers Share Flag
Sat Dec 27, 2008
Vicky Chrisner answered:
Stephanie, keep in mind that a "good deal" is not dependent on how a sales price compares with the asking price. Sellers can ASK anything... it's what they GET that counts. Many times seller's prices are silly. Short sales or not, there are great deals out there. My office is in Leesburg, and I work in the Ashburn/Sterling area regularly. If I can help you, please feel free to contact me. In the mean time, you might like to read some of my blog posts at therealestatewhisperer.blogspot.com - start with the one linked below.

I admit that THIS set of numbers does sound interesting... and I'd love to verify the information you were given. THEN I could give you insight as to how good of a deal it really was. Do you have a street address?
... more
0 votes 5 answers Share Flag
Sun Sep 7, 2008
Pacita Dimacali answered:
Depending on your market characteristics, generally a 2 Bedroom property may be a better investment if you think you may want to re-sell it at one point in time. It is harder to herald the benefits of a 1 bedroom apartment (unless you're in New York or San Francisco where any property that is reasonably priced will generate attention).

So if you can swing it, go for the 2 bedroom even if you put down less than 20% which is not a requirement, but a nice thing to do.
... more
0 votes 3 answers Share Flag
Tue Aug 19, 2008
Jackie Wynn (Hagenston) answered:
Absolutely, have an honest conversation with any lender you talk with regarding what monthly payment you are comfortable with. What they may approve you for, and what you are comfortable with as a monthly payment may be different--many people 'qualify' for much more than they really want to realistically pay. They can 'work backwards' to help you establish a price range based on your desired monthly payment.

From an real estate agent's perspective, using a direct lender in this market is so important for a number of reasons:
1. Choose local. You want to be able to have face time if necessary, and there will be no complication due to time zone differences.
2. Many sellers, including foreclosures, will look more favorably on your offer if they see you are using a well known direct lender. With banks closing, programs changing all the time, and the mortgage market volatility, they don't want to tie up their property with your contract/offer if they don't trust your lender (and as agents, my team always advises sellers to require a back up lender letter from a direct lender if a buyer submits an offer from a lender we are unsure of)

Yes, shop around, but save time and ask your friends, family members, coworkers, or agent for references. Pick the top 2-3 and go from there! Get a good faith estimate from each so you know you are comparing 'apples to apples'. Good luck.
... more
0 votes 9 answers Share Flag
Fri Aug 8, 2008
AJ Heidmann answered:
We have sold a couple of townhomes with polybutylene pipes in which the sellers provided a credit to the purchasers of a little over $5K based on a vendor coming in and provided a quote with a 30 day price lock. There really isn't a norm that I know of, it just depends on how much you want the home and how much the seller wants to move on.

Good luck, hope this helps...
... more
0 votes 2 answers Share Flag
Search Advice
Search

Followers

261