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Home Buying in 20852 : Real Estate Advice

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  • Local Info3
  • Home Buying19
  • Home Selling10
  • Market Conditions0

Activity 19
Thu Apr 13, 2017
SJ Anderson asked:
I am a first time home buyer. In a previous offer my agent recommended that I sign a buyer's dual agency agreement even though the listing and buyer's agent were from two different real…
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Thu Oct 6, 2016
Jonathan Lahey answered:
For us ..

We have a good standing on the market so i cant say that it is slowing down ..
0 votes 8 answers Share Flag
Tue Oct 4, 2016
Jonathan Lahey asked:
Thu Aug 4, 2016
Erin Malone asked:
We were told that there was one low offer had been presented last night and they were probably not even going to counter. Our real estate called her colleague, who had the listing, and told…
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Wed Aug 13, 2014
Scott Godzyk answered:
Complete a title search upon receiving the closing order to identify any problems early. Then make sure the buyer, seller and agents understand the paperwork, the numbers and the process. In short be more people friendly ... more
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Wed Jan 22, 2014
The Roskelly Team answered:
Yes, when you close on a new home you will need to place enough money in your escrow account to have a full payment in there on the next tax due date. So depending on the time of year and how taxes are paid (annually or semi-annually) you will have to contribute to that account. You will also need to reimburse the current owner for any taxes that they have pre-paid on the home. ... more
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Mon Sep 23, 2013
answered:
There are many diffeent facets wehn buying an investment condo. The down payment is larger (20 to 25%), the interest rates are higher, and you must qualify for the mortgage payment and your lease payment. Condo's also require a project approval/review so the project must meet certain guidelines. Feel free to contact me for more details! Caryn ... more
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Sun Feb 24, 2013
Your Solar Realtor answered:
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
202-573-6035
www.fairwayboston.com/Default.aspx
Contact: Catherine Purcell
catherinep@fairwaymc.com
0 votes 5 answers Share Flag
Thu Jun 21, 2012
Ronald A Alexander answered:
Above the EPA recommended level of 4.0 pCi/L must be remediated by the sellers and retested after the remediation system has been installed.
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Sat Jun 16, 2012
Greg Myers answered:
Yes you should have the home tested unless you are in a mutilple offers on your home of choice I would suggest you not include a RADON contingency. Have the home tested and remediate if necessary after settlement.

Since the 5.2 earthquake last October some area's of Montgomery county that have normally tested negative for radon are now testing positive.
... more
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Thu Apr 26, 2012
The Roskelly Team answered:
Hi Steve,

No I don't think you are screwed. In fact it sounds like everything is progressing nicely. Hoping that the asking and offer price as well as any seller concessions are within reasonable market value range & norms and then it's just a waiting game. ... more
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Fri Dec 9, 2011
The Roskelly Team answered:
Hi Voges,

It is difficult to get any lender to do a BPO in advance of an offer so it looks like this is progressing normally. As for the pssible structural issue, most short sales are sold "AS-IS" and the home inspection is done after bank approval. You should still be able to take a look at it to determine what the issue is. And I would recommend that you take that precaution. ... more
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Thu Feb 18, 2010
answered:
Maryland has .25% credit on the transfer taxes. Montgomery County has the HOC program that can be used for down payment and closing costs. Check out the web reference for more details....
http://www.maryland-fha-loans.com/HOC.html
Fha allows up to 6% seller contributions towards closing costs (regardless if the buyer is a 1st time home buyer or not). The $8,000 tax credit can be received this year even if the buyer has already submitted their 2009 taxes (this is after settlement). I don't know of any other credits for Montgomery County. P.G. county has the NSP program which is close to running out of funds and Frederick county has the NCIS program. Other then those, I do not know of any other programs/credits for 1st Time Homebuyers in Maryland.
... more
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Fri Aug 14, 2009
Northbeth asked:
Whole Foods/Golds Gym across from White Flint Mall, and the new Montrose Parkway? Will this be a negative impact for 20852?
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Sun Mar 29, 2009
psouza answered:
Great choice of neighborhoods. The North Bethesda/Rockville area provides reasonable commuting distances to the District of Columbia and many government agencies by the Metro or by easy drive.

The question to wait depends upon many personal circumstances and factors. These should be evaluated with a professional Realtor who can provide specific information that will allow you to make a more informed decision. Some questions may include: Are you a first time buyer that can use the $8,000 tax credit, What is your credit score history? What neighborhood are you looking at in North Bethesda?

More specific data for Montgomery County comparing pending sales for February 2009 from February 2008 are up 18.9%. The percent of original list price received at sale is only down 2.1% with average days on market increased by a slight 2.2% (117 days to 120 days). The 20852 North Bethesda zip code changes from neighborhood-to-neighborhood, but overall has remained a highly sought after area. This data suggests that the market in North Bethesda is starting to rise. With the lowest mortgage rates since the 1970's the question is can you afford to wait?

I highly recommend that you work with a Realtor to navigate the many variables that will allow you to make the buying decision with confidence. This is your home, as well as a long term investment. Good luck!
... more
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Thu Nov 20, 2008
The Hagley Group answered:
I am finding that lenders are more willing to write down the note....and modify the interest rates.
0 votes 7 answers Share Flag
Thu Oct 23, 2008
Fernando Herboso answered:
It is not a law. . it's a policy . . that can be negotiated by you with the bank. .
Why don't you tell them that you will agree to waive your commision since it's "THE LAW". . .(as they say)
and they reduce the selling price for the same amount!

In short sales: You NEVER get what you DESERVE. . YOU will ALWAYS GET WHAT YOU NEGOTIATE

If you need help to negotiate this short sale. . let me know- WE DO IT EVERY DAY for consumers in Maryland
www.ReallyNiceHomes.com
... more
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Mon Sep 15, 2008
The Roskelly Team answered:
Many owners list their homes for sale with licensed real estate agents. Have your agent pull a list of rentals in the area. Go back 2 or 3 years and that will give you a good guesstimate of the minimum number of rentals. Factor in a few more for "For Rent by Owner" properties. Many lenders also track this information as certain government backed loans are not approved in high investor owned communities so check with your lender to for the stats on this neighborhood. ... more
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Mon Sep 15, 2008
The Roskelly Team answered:
Hi Mich, If you are buying directly from the owner and there is not a real estate agent involved make sure that a reputable title company or settlement attorney is involved. They should be able to give you clear answers as to the status of the title and how long any delay may be. Also if this is a bank foreclosure it could very well be that the bank is delaying the paperwork as banks are overloaded right now with foreclosures. If it's a really great deal you may want to wait it out. Your contract will address your specific remedies for failure of the Seller to perform as agreed. In most cases you would be entitled at minimum to a refund of your deposit. ... more
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