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20148 : Real Estate Advice

  • All60
  • Local Info3
  • Home Buying36
  • Home Selling8
  • Market Conditions2

Activity 55
Tue Mar 25, 2014
Kevin Carter asked:
Are you looking for a detached home, larger home, a garage, newer home, different school, better commute, more bedrooms, etc?
0 votes 0 Answers Share Flag
Thu Mar 20, 2014
Janice Lupia answered:
That is great to hear. I also feel it is important to go above and beyond to help clients also. It's very nice of you to post this. Janice Lupia, Keller Williams Realty, janicelupia@verizon.net - servicing Northern, VA. ... more
0 votes 1 answer Share Flag
Wed Mar 5, 2014
Randy Lucas answered:
Hi Shekhar:

I would strongly recommend that you utilize the services of a home inspector for both your pre-dry wall and final home inspections. Costs will vary depending on the size of the home but budget for around $600 for both.

It's important to identify any potential issues sooner than later and to make sure your builder knows what you need to be address and to get any issues resolved in an timely manor.

One of the many values that your working with a good realtor brings to the relationship, is that they should have a strong rolodex of contacts to confidently guide you to successfully address issues like this or any part of the home buying process. The bottom line...a good realtor will guide you in making smart decisions throughout the home buying process.

Best of luck and if you need any additional information please feel free to email me at randylucas@socialsmarthomes.com or call me at 703.906.0000.

Randy Lucas
Keller Williams Realty
... more
0 votes 7 answers Share Flag
Thu Feb 27, 2014
Archraj answered:
Hi Ravi,

Wanted to check if you did go with Brookfield homes? We were looking at the same community and the builder. Would you recommend it? Were you happy with the construction and quality. I haven't heard great reviews about the builder so was not sure! Any suggestions?

Thanks
Archana
... more
0 votes 5 answers Share Flag
Fri Sep 20, 2013
Beth Seifart answered:
The best advice I can give is exactly what you are doing....Do your research!. Every builder has good qualities and some not so good qualities. Willowsford is one community that has different builders they work with. There is Shenstone which is Toll Brothers and Stone Fox which has Craftmark Homes and the list goes on...

If you can visit the area I would be happy to take you around and you can see the different communities and get a feel for the different builders.

I hope this helps you!

Regards,
Beth Seifart
Keller Williams Realty - Leesburg, VA
... more
0 votes 14 answers Share Flag
Thu Mar 21, 2013
Ram Das answered:
Michelle,

You can list the house prior to min 3 months of your new home closing date in the current market.

The reason is you have enough time to market and sell your house and make the funds available for the settlement of the new home. And you can request the buyer to allow you to rent the house for a month or two any thing changes in the settlement of your new home.

Feel free to give me a call if you need any assistance.

Ram Dasaradi
Long and Foster Realtors
571-265-9432
WWW.yourdreamtoreality.com
... more
0 votes 6 answers Share Flag
Wed Mar 20, 2013
Kamal Singh answered:
involve a good real estate attorney if you are in financial difficulty. builders are very reasonable if the reason is genuine. you can always add extra person on real estate contract with approval of all parties involved. ... more
0 votes 5 answers Share Flag
Wed Feb 27, 2013
Abdul Anwar answered:
In most cases short sales won't get approved. Bank usually orders BPO (Broker Price Opinions) which give them a fair market values.
0 votes 4 answers Share Flag
Wed Feb 27, 2013
Abdul Anwar answered:
451K appears to a be good price when you are getting a brand new end unit. Re-sale homes are already selling above 400K in 20148 and inventory is low.
0 votes 9 answers Share Flag
Sat Jan 12, 2013
Julie Gray-Roller answered:
Hello:

I would definitely contact the condo association for more detail on the ratio of owner occupied to investor properties within the condominium. Lenders do require that information to process a loan and actually, in my experience, the association will make certain a buyer intends to occupy the property -- so they assure there isn't an overage of rental units within the condominium.

Another point, if the condo docs reveal a high number of defaults (either foreclosures or short-sales) this info can cause problems when the lender is considering approving a loan.

I'm available to help with any other information you are seeking.

Regards,

Julie Gray-Roller
Long and Foster
... more
2 votes 2 answers Share Flag
Sat Jan 12, 2013
Julie Gray-Roller answered:
I assume you plan to purchase another property when you cash out? Since this is an investment property and is fully paid that is for you can take out as much as you wish. The condominium association isn't have any say on your decision.

You can look at your position the same as a situation wherein you bought the property for cash. No mortgage, no lender, no approval required by a financial institution or the condo association finance committee.

The decision is yours to make and act upon.

Please contact me if you are looking for an experienced agent to manage the rental of your property and/or to help you locate another investment property.

Regards,

Julie Gray-Roller
Long and Foster Realtors
... more
0 votes 1 answer Share Flag
Sat Jan 12, 2013
Steve Adamson answered:
Hello Lashon!
Miller & Smith is having their Grand Opening THIS WEEKEND, Jan 12.
If You would like to visit their Location at One Loudoun bring an Agent who will be able to represent you through the home buying process with the builder.
I have that experience as an Agent if you have not already selected an Agent.
Regards,
SteveAdamson@weichert.com
... more
0 votes 11 answers Share Flag
Wed Dec 12, 2012
Cedric Johnson answered:
When you close you sign a document that states your intention is to occupy the home.
0 votes 3 answers Share Flag
Fri Oct 5, 2012
Sonal Goda answered:
Hi Kumar,

If you have a mortgage company for your purchase, the mortgage company will order the appraisal - you don't have input on who does the appraisal. If you order it yourself, you could end up paying for it twice.

I would recommend Joann Rish-Witt - JR Witt and Associates, Inc. - 703.577.0189 - joannwitt@cox.net

Thanks,
Sonal
... more
0 votes 2 answers Share Flag
Tue Sep 25, 2012
Scott Godzyk answered:
Most contracts do not call for ending the sale but ending your right to get the deposit back if your loan is denied. At this point have an attroney review your contract and advise you properly. ... more
0 votes 10 answers Share Flag
Tue Sep 18, 2012
Sonal Goda answered:
Hi Kumar,

I do not have experience with AHMSI in particular. However, I read online a little about this also - seems 1% is not always charged - there may be a max amount - and it may depend on the type of financing you have. I would recommend that your buyer agent find out the answer to this question from the listing agent, who will ask the bank.

Another option, which may not work, but worth a try - you can call the loss mitigation department at AHMSI directly (may require multiple calls). If you try to talk about this particular short sale, they will not answer you, because it is private information of the seller's and only people that the seller has approved may discuss the seller's mortgage with the bank. However, maybe you will get somewhere if you ask for their general rules regarding the short sale processing fee and don't mention the specific property.

Good Luck,
Sonal
... more
1 vote 1 answer Share Flag
Mon Sep 10, 2012
Dan Ritchey answered:
Kumar,
One thing you can count on with a short sale is that they are all different, even when involving the same lender. Probably the most important thing that you can find out is the experience level of the listing agent and whether they are certified in Short Sales. If not, you could be in for a long ride with a possible failure to close at the end of a long journey. If that is the case, and you still want to pursue the short sale, then it would be helpful if your buyer's agent had experience in these type of deals.
Many people make the mistake of assuming the primary will negotiate with the second lender, which is not true. This is just the tip of the iceberg. Good Luck!
Dan Ritchey, Realtor, SFR
Keller Williams Realty
Ashburn
703-999-0167
... more
0 votes 8 answers Share Flag
Mon Sep 10, 2012
Dan Ritchey answered:
Sadia,
There are several options available to you in a rent to own situation. Lease Purchase, Lease Option and some others. Each option has its benefits and drawbacks for the purchaser and the seller. If you would like to discuss in more detail, give me a call and we can determine your needs and which strategy works best for you. 703-999-0167
Thanks,
Dan Ritchey
Keller Williams Realty
Ashburn, VA
... more
0 votes 8 answers Share Flag
Fri Aug 31, 2012
Annette Schafer answered:
A client of mine bought a home in Martin's Chase a couple of years ago, they like the privacy of the community. For resale it has not and probably will not appreciate as well as other more universally desirable and accessible areas. The community is tucked away in a nice preserve area. I did a CMA, comparative market analysis for my clients a few month's ago. There are still homes being built and plenty of competition in the Brambleton area, so it may take some time for values to improve. I would have to agree with your wife. I was recently thinking about my client's choice, since I had found them an excellent, quick delivery, incredibly priced, home that they contracted on, then changed their minds to purchase in Martin's Chase instead. The previously contracted on home. has increased in value.

I would be happy to assist you in your home search in the Brambleton, Ashburn area. I am a resident in the area and would be glad to help. Feel free to contact me with any questions that you may have, annette@annetteschafer.com, 703-999-5002.
... more
0 votes 14 answers Share Flag
Thu Aug 30, 2012
Sony Kim answered:
Shekhar,

Please call or email when you are ready to purchase.

Sony Kim
Associate Broker
Keller Williams
703 244 3997
sony_kim@msn.com
0 votes 4 answers Share Flag
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