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Market Conditions in 20744 : Real Estate Advice

  • All63
  • Local Info5
  • Home Buying32
  • Home Selling3
  • Market Conditions4

Activity 4
Mon Apr 21, 2014
Lanre Folayan answered:
Hello Christopher,

I see that you asked this question almost eight years ago. But the real estate market has changed since then. Want to know how much you should sell your house if you would to put it on the market for sale today? Please go to seller landing page at ... more
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Wed Aug 10, 2011
David Burnham answered:
Headlines like we have seen over the past week tend to give some buyers pause, but those that are already in the process and looking keep going. So the short answer is yes, but maybe a little slower.

As Brent mentioned, rates are incredible low and some people are buying with this in mind.
... more
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Tue Apr 19, 2011
Tyra General answered:

This answer really depends on the Realtor's business niche and service areas.
We specialize in short sales. So my perspective on how the market is, as you might imagine, is totally different from a Realtor that specializes in bank owned properties.
Having a real estate license could be really beneficial for an Investor. However, it depends on your overall business goals/structure.
I would run the numbers and compare the pros and cons of getting your license at this point in your business.

If you're looking for Realtors that are knowledgeable about investment properties, feel free to call us.

Tyra N. General
Real Estate Consultant|Short Sale Expert
Keller Williams Preferred Properties
d: 240.281.9219
o: 240.737.5000
... more
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Mon Dec 15, 2008
Andre Thornton answered:
The appraisal was based on most recent sales in my area which was over a year ago before the prices fell as much as they have. The homes that were used for comparison are not in my neighborhood but are in the same locality however are a bit larger. So here is what happened. I currently owe 375k on my home. The mortgage company is re-financing 270k at 5% with 4points, 30 yrs fixed. Then they are subordinating the balance by 10k and financing that amount at 1% for 39 years which were the remaining years left on the initial loan. All rates are fixed for the term of the loans and I wil end up paying 1,000.00 less then I currently pay. That works out fine however, I still have the issue of an upside down mortgage. Maybe the best thing to do is keep the house until it reaches a point where my equity is in the positive. But that will take forever. ... more
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