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21201 : Real Estate Advice

  • All8
  • Local Info0
  • Home Buying4
  • Home Selling0
  • Market Conditions1

Activity 6
Wed Apr 29, 2015
mdoble asked:
Mon Mar 7, 2011
Suzanna Woodhead answered:
Hi Leenas,

I'm repeating what so many other agents have already written because it is so important to have an agent representing you. Getting a comparative market analyzes from your agent will help you make a good offer. Your agent will also be able to help you negotiation the best terms and price from their knowledge and experience. The house you are looking at could be priced 15% over market how would you know this without the comparables. The flip side is it can be priced under market and actually go for more than asking and have multiply offers that bid the price up. One of the first question a buyer should ask when interviewing an agent "will you give me a comparative market analyzes on the properties I'm considering.
In Maryland seller's can disclose or disclaim but they must always disclose any latent defects they know about. I have seen seller's disclose and still have so many problems found in the home inspection that my clients have walked. That is why it is also important to have a home inspection. Your agent can make sure your offer is contingent on a home inspection.

Take care,

Suzanna
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0 votes 17 answers Share Flag
Wed Aug 11, 2010
Nycnative answered:
If you like the Reservior Hill community check out the Community of Madison Park which is below Reservior Hill and the community adjacent to Bolton Hill.As with Bolton Hill Madison Park ian active community. Madison Park is a historic community with similar style houses as Reservior Hill with lower property tax. It is also home to U.S. Congressman E. Cummings. Madison Park is one of four communities that make up the midtown district which (check out there site http://www.midtowncommunity.org/). ... more
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Tue Jan 5, 2010
Dottie & John Cordwell answered:
Usually the utility and front footage fee are separate from the HOA fees. The builder passes the cost of installing the utilities onto the buyer and has to disclose this up front. If you do not pay the fee it can become a lien on the property. When you sell the property, make sure you too disclose the fact that there is a private utility fee. ... more
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Tue Jan 5, 2010
Marney Kirk answered:
Whether your real estate agent is due any money comes down to WHY the contract fell through.

Your Buyer Agency Agreement should state when your real estate agent is due money. Many times it states when the house settles, but sometimes there is a clause that if the agent has done what they can to get the deal to closing, but the buyer has defaulted in some way, they may be due compensation.

If your agreement is the first, then then agent should not be due anything. If the second, then he may be, depending on why the contract fell through.

That being said, if they agent is saying he is due compensation and you disagree, you need to speak with an attorney.

If you have further questions, please let me know.

Sincerely,
Marney Kirk
Keller Williams Excellence Realty
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