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Home Buying in 20874 : Real Estate Advice

  • All39
  • Local Info2
  • Home Buying17
  • Home Selling5
  • Market Conditions1

Activity 12
Mon Jun 19, 2017
Rachel asked:
Current renters
First time home buyers
Out of state - would not be moving to property for a few years
0 votes 0 Answers Share Flag
Sun Jan 1, 2017
Malcolm Lawson answered:
typically it is done during the same window as the home inspection,. Sometimes they buyers don't plan on doing one until the home inspector tells them he has seen signs of termite damage and recommends one. In situations like that they may need more time to schedule the additional inspection and you may need to be a little flexible with them or they may walk. ... more
0 votes 2 answers Share Flag
Sat Jan 2, 2016
Steve asked:
I prefer newer units preferably constructed in the last 10 years.
I would like to know which zip codes would be best areas to consider for rental properties.
0 votes 0 Answers Share Flag
Wed Jul 15, 2015
Johnrmckee asked:
Fri Oct 17, 2014
Tim Moore answered:
Self employed people must show 2 years of tax returns to show what income they had, this is often a problem as self employed do all they can to not show income for which they must pay taxes on. You need to go sit down with a loan officer and take the last two years of tax returns with you. Then you can find out for sure. ... more
0 votes 1 answer Share Flag
Wed Oct 9, 2013
Greg Myers answered:

Try searching the "Pleasant Fields" subdivision which feeds into the Great Seneca Creek Elem.
The specific street names are Metz Dr. and Kitchen House and Open Hearth Way. These streets are showing town home "SOLD" data around $250,000.

There are condo's in the area you requested as well.

Give Brent a call for your loan pre-qualification, he is well respected by the many Realtor's on Trulia.

Greg Myers
RE/MAX Realty Group
... more
2 votes 4 answers Share Flag
Fri Sep 27, 2013
Maureen Bovello answered:
Hi Stacy,

There is a field that can be added through the MRIS system for Elementary, Middle or High School where an agent can add the field and fill in the appropriate school you are looking for. If you send me the school name and whether it is elementary, middle or high school I would be happy to see what comes up and email it to you. You can send your email address to my email directly

Warm Regards,

... more
1 vote 6 answers Share Flag
Fri May 24, 2013
Rick Reed answered:
I have one at 20216 Waterside Dr for $1750. See the virtual tour at:
0 votes 2 answers Share Flag
Sun Jan 22, 2012
homebuyer answered:

* SELLERS AGENT= Represents the home seller's best interest and tries to get the most $$$ for his seller and protects the sellers interest. they have no allegiance to a buyer or their agent. Their allegiance is to the seller.

* BUYERS AGENT = Represents the buyer's interest and tries to get a home for the buyer at the best price with the best negotiated terms.

Yes, as the other Realtor who answered your question stated, the Sellers Agent is representing the Seller's interest -unless they have what's called a dual agency with you too.

A dual Agency is where a Seller's agent must disclose to you, that he is happy to help you but his allegiance is to the seller. If an agent is representing both the seller and buyer, They may take "insider knowledge" of what you tell them - what you want, how desperate you are, how much money you really do have to spend, or what top price you are willing to offer and tell this information to the seller. (Not good right)?

If you still want to agree to this, be aware that he can disclose all your information & secrets (including what the top price is that you're willing to pay) to their seller. Still want to agree to a Dual Agency and use the Sellers agent? Then he/she must present you a form for you to sign that you understand that he/she will be a dual agent when dealing with you, and your best interests may not be fully represented and the Realty Company must offer that you may use your own separate Real Estate Agent to negotiate in your best interest at no cost to you. You can always decline and use the Dual Agent if you want to take the chance that you may not be represented fairly.

So the question remains: If an agent is representing the seller and only has the seller's best interest in mind to get the most money out of you (the buyer) for his seller, why would you want that person working for you too on the same deal? It's like the fox watching the chicken coop.

Now regarding your question of being told you were outbid by another party on an offer... if you are not represented by an agent, and you are representing yourself, I would advise you to address this question in writing by certified mail to the BROKER who manages the agent. He is bound by law to be responsible for all their agents actions and you have the right to get confirmation in writing of the validity of this statement by the agent. Lying to a buyer to shill bid up a property is a very serious crime and the agent can lose his/her license for lying about something like this. I doubt a Broker would lie especially if the question to the Broker is put in writing.


I hope this helped you understand.

Best of luck to you!
... more
1 vote 2 answers Share Flag
Tue Mar 29, 2011
Dream Team1 answered:
tony You can call My Real Estate Hot line and receive all the info you need to purchase a home just ask for a buyers packet it's a 24hr. prerecorded message so you can call anytime and we'll rush this info to You. 1 866 420 7214 ext. 100 Call anytime! Good Luck ... more
0 votes 7 answers Share Flag
Fri Nov 20, 2009
Brian Gormley answered:
Re: your first question - the answer is that they (REO's) can but need not affect comps. The most recent Fannie Mae guidelines stipulate that appraisers need not consider REO sales when determining values. That said, some appraisers of course do not distinguish REO's/short sale properties from "traditional" or "regular" sales, and so include them as comps when analyzing the market value of a house.

Re: your second question - the market in our area has dropped 30-40% in the last 2-3 years. The numbers you provided fit into that mold, unfortunately. That said, Montgomery County has not seen the tidal waive of distressed properties as PG, Baltimore and other places in the greater metro region have. It may be that you have an aggressive listing agent who is trying to sell a property short (i.e., below the mortgage) and has priced it at or below other properties in the area.

Hope this helps! We specialize in short sales and REO's more or less exclusively, so if you have any further questions, feel free to email me directly.
... more
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