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22043 : Real Estate Advice

  • All11
  • Local Info3
  • Home Buying4
  • Home Selling2
  • Market Conditions0

Activity 9
Mon Aug 17, 2015
Geeti answered:
GREAT schools indicate means good peoples lives, i want to sell my house at 1911 pimmit dr,va-22043,A geade schools provided.
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Thu Jun 12, 2014
Patti.mccaleb answered:
It is anything that you want it to be. FSBO is exactly what you want it to be, But I think that a buyers agent is usualy looking for between 2.5 and 3 percent of the purchase price.
0 votes 11 answers Share Flag
Sun Jun 1, 2014
Kenneth Wang answered:
Hi Bradley,

All appraisers have their own methods. The best method to show that your home is accurately valued is to ask the appraiser to look at a larger range of houses. So if they are looking within 1 mile, ask if they can stretch that out to 3 miles. Also, have a list of recent renovations handy when the appraiser comes to look at the house.

If your home isn't a luxury home, generally the appraiser will look at houses sold within 3 months of the appraisal date.
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Thu Jun 21, 2012
Vicky Chrisner answered:
So this is an old question that I obviously missed. Hopefully you got good answers other than what I see here, because I am not sure they completely understood your question. I do.

My guess is the buyers would be happy to allow a rent back, especially if it reduces their purchase price or if you're paying rent. Yes, it's usually a couple of months before they can tear down. Their financing is not going to be for an owner occupied unit -it will be cash or construction - so that shouldn't come into play. It's just a matter of the seller being OK with it, but if they are going to tear it down... eh, shouldn't be an issue.

Have you sold your property? I work with builders in that area... if you're still the owner and want to sell, call me - 703-669-3142
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Sun Sep 13, 2009
Andy Krumholz answered:
Hi Marc,

You never want to own one of the more expensive homes in a neighborhood if you're thinking about future appreciation and resale. I know Pimmit Hills quite well, and 600k tells me your paying a premium for what is probably a house in good condition, but are the houses around it worth that kind of money. Unlikely.
McLean is a safer bet, and so is Vienna. I think you should open your search up, and see if you can find a home that doesn't require a 50k infusion to put it into the shape you want.

Good luck, and find a good agent if you don't have one yet.

Andy Krumholz, GRI, CDPE
Keller Williams Realty
Top 5% of Realtors Nationwide
(703) 599-4755
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Fri Aug 14, 2009
Robert Hyder answered:

Yes, an appraisal would be required, especially because home values have depreciated significantly since Chris bought his home back in June 2008. There would have to be enough equity in the home. Without knowing the LTV, it's difficult to say whether the equity is present. ... more
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Thu Aug 13, 2009
Monika Kaiser answered:
I t seems that you made a pretty good offer and I can understand your frustration. The only explanation would be that someone offered more than you. Were you asked by the listing agent (through your agent) to send your best and final offer?
I enquired about a bank-owned property today as I wanted to show it to my clients. I was told that they had received 19 offers, and it has only been on the market for 5 days. That translates into "bidding war". Lesson learned: bank-owned properties are not necessairly a better deal.
Don't give up though and do consider "regular" sales as well. Good Luck!
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Tue Aug 4, 2009
Vivianne Rutkowski answered:

The bank will give you only Special Warranty Deed vs. General Warranty Deed.

Do not let the name mislead you - Special Warranty Deed simply means that the lender defends the title ONLY during the time the property was in the lender's possession - General Warranty Deed promises clear title back to the beginning of time, forever, as is the case typically in a regular sale.

Special Warranty Deed is more limited than General Warranty Deed.

Purchasing a HomeownersTitle Insurance, a one time expense, would be money well spent and a good protection against any potential liens agains the property.
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Fri May 22, 2009
Bill Eckler answered:

The banks expect the source of unaccepted offers to assume their offer was not the "highest and best." Your real estate professional may be able to provide additional information and greater clarity.

Our recommendation is to not let this experience get in the way of making another run at purchasing a "foreclosure" property.

Good luck
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