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21045 : Real Estate Advice

  • All21
  • Local Info2
  • Home Buying10
  • Home Selling3
  • Market Conditions1

Activity 20
Mon Aug 14, 2017
Alan May answered:
It depends on the difference between how much you sell your house for, and how much you owe the bank.

If you owe $100,000, and you sell for $200,000... you'll have about $100,000 (minus some expenses like commission, survey, taxes, etc...) to use as a downpayment on the next house. ... more
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Fri Jul 14, 2017
Mary answered:
Hi,

We have closed your Trulia profile on your behalf.

Thank you for using Trulia!

Mary
Consumer Care Advocate
http://www.trulia.com/help/ask/
0 votes 1 answer Share Flag
Mon Aug 29, 2016
James.puzon asked:
Your website is showing my house that is not 6265 Hidden Clearing
Columbia, MD 21045. Can you please correct.
0 votes 0 Answers Share Flag
Mon May 9, 2016
Jeff Smart asked:
Fri Apr 29, 2016
Rgreszczuk answered:
if the agent is in NJ and the seller and buyer are in Pa and the house for sale is also in Pa. Who is responsible for paying the title company?
0 votes 12 answers Share Flag
Fri Jan 29, 2016
Marc Friedman answered:
Whats wrong with that return? lol
0 votes 13 answers Share Flag
Fri May 8, 2015
Karen Peyton answered:
You will have to refer to your lease agreement about your "right to access" the property during the leasing period. On the other hand, it would seem to me "reasonable" you would not.

Don't understand your paperwork? That's what attorneys are for and a quick consultation can easily tell you what-is-what.

Best of luck!
... more
0 votes 1 answer Share Flag
Tue Jul 15, 2014
Anna M Brocco answered:
Sun Jun 22, 2014
Laura Lingle answered:
Whether it's ethical or not, it's your home, and it is in your best interest to find an agent who is going to work solely for you as the seller, in your best interest. You're not comfortable with the arrangement and that should be all that needs to be said. Tell the agent you want a seller's agent representing you and your home, and you do not want a rookie training as a buyer's agent on your home. That's what I would do, anyway. This is business - big business. Do what you feel comfortable with. It's your property. ... more
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Tue Mar 25, 2014
John Sekely answered:
If you take the training class for the Florida Realtor Sales Associate License, they will provide a great outline for developing a good business plan & how to obtain financing.
0 votes 2 answers Share Flag
Wed Apr 3, 2013
John Walin answered:
Assuming the house is not completed, try to get upgrades or rent payments toward reducing the purchase price. You don't technically own the home until you close, so not sure why they would need your permission. ... more
0 votes 6 answers Share Flag
Wed Feb 27, 2013
Maria Avellaneda answered:
This is fairly common it also happens when a seller sells faster and needs to stay in the home after selling and rents back. A good contract with all details and contingencies must be in place. ... more
0 votes 5 answers Share Flag
Thu Jan 5, 2012
Ellie McIntire answered:
I highly recommend Lolitha Simmons who is a virtual assistant from Baltimore County. She was a Realtor, so she understands the needs of a Realtor. Her number is 443-854-8554
0 votes 1 answer Share Flag
Mon Sep 21, 2009
Brian Pakulla answered:
I have never used this service, but you could try joining a landlord association service such as this:

http://www.thelpa.com/lpa/ntrb_description.html

Or work thru collection agency like this:

http://www.rentrecoveryservice.com/?affiliate=tenantalert

In theory you should be able to contact the 3 credit bureaus yourself and report it.
... more
0 votes 1 answer Share Flag
Mon Jul 6, 2009
Brian Pakulla answered:
Assuming you have done your home and believe the home is worth 300k, it can be a great opportunity. Most builders do a good job to take good care of the home, but make sure you have clear provisions on what they will do with carpeting, paint and any damage to fixtures.

Also, be careful on financing. Some lenders will look at you as an investor, which can change your rates. Bottom line, do your homework and hopefully you have a Realtor on your side making sure there are no loop holes.
... more
0 votes 1 answer Share Flag
Sun Mar 29, 2009
Brian Pakulla answered:
Perera,

What you are describing sounds like a fantastic plan. Home prices have come back and interest rates are extremely low. Investing in Real Estate for the long term is a great option. I also believe the market is showing signs of stabilizing. Active inventory is down and pending sales are up. We maybe at the bottom. Now is a great time to jump in, especially since interest rates are so low.

To answer each of your questions:

1) I would jump in now. It is impossible to 100% time the market. Interest rates are low, so even if there is a little more to go down, in the long run you still could win.

2) I think rentals are good for the long term. If you plan to hold it for 5 - 7 years +, eventually the market could return to 2005/2006 prices by then.

3) I would recommend having a good Realtor and lender on your side. Banks are being more careful about renting to individuals who also have rental property. Typically banks want to see your property rented in order to qualify you.

4) There are plenty of places depending on what you are looking for. But it is important for you to have a savvy buyer's agent helping you to make sure you get the best deal possible.

Please contact me when you would like to discuss further. In addition to selling Real Estate, I also invest in it. I own multiple rental properties and can give you first hand tricks from my experience.
... more
0 votes 2 answers Share Flag
Sat Aug 16, 2008
Michael McKenna answered:
Cary, this is a great question! While the rental market is better that years past (my opinion) you will first want to consult with your mortgage banker; most banks are no longer accepting a simple lease as proof of having a tenant. Banks are now asking to speak with tenants in some cases. Also note, you will only receive about 75% credit of rent collected which directly affects your buying power.

Feel free to call if you have any questions, 410-381-3331.

Best of luck!
... more
0 votes 6 answers Share Flag
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