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22182 : Real Estate Advice

  • All18
  • Local Info0
  • Home Buying11
  • Home Selling1
  • Market Conditions0

Activity 13
Wed Mar 2, 2016
afafkanazeh answered:
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Wed Mar 2, 2016
afafkanazeh asked:
Are you attorney , Need Help purchase Home in Fairfax
My Question , Can used my Equity illegal assignment by broker to purchase home against my 2020 Labrador Lane , Vienna Home
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Wed Mar 2, 2016
afafkanazeh answered:
-820 Property Card Year Built: 1976 Zoning Code: 121 Census Tract/Block: 460300/2004
Property Class: Plat Liber/Folio: /381
Zoning Desc: R-2C(R-2 W/Cluster
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Sat Dec 19, 2015
Amelia Robinette answered:
It might be a lender restriction, could also be that the builder is reducing the commission because they increased the credit.

But, this should have been clearly explained to you, so if that's the reason not sure why the agent wouldn't just tell you.

If it's not a lender restriction, and not a commission reduction by the builder, then IMO, the agent should stick w/what was promised and you should hold them to it.

Hopefully you got it in writing. The agent commission and any rebate should be clearly spelled out in the "Exclusive Right to Represent Buyer" form. Should have been signed before/while you were shopping for houses, if not, it may have been included in the larger contract package. Look through your paperwork and see if you can find it.
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Thu Aug 14, 2014
Kelly Martinez answered:
Unless you're working through a Realtor who has access to MLS, you will always be at risk of running into a scam. I had a client contact me today who noticed two listings for the same property even on Trulia. One was listed well below market value by a scammer.

Working through a Realtor is the best and safest thing to do, however, if you're going to try and find your own rental, just be sure to use common sense. Don't ever pay money up front without seeing a property first and be sure to check the tax records. Good luck and feel free to reach out to me if you'd like help finding a rental!
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Thu Jun 6, 2013
Faiza Alvi answered:
Dear Homebuyer:

I won't say it's a mistake, some loan officers like to give out the maximum estimates in the beginning of the process to lay out worst case scenario. GFE coming less than expected is actually a good thing, you can use this money towards so many different things which can be stated on the HUD-1 so it's approved by your lender. i-e, buying down your interest rate, home warranty, reduction in sales price etc.
Even if your agent is new in the field, he/she can surely get some advice from experienced agents in the company. Asking for help in the office always work and there's nothing wrong with that. Hope everything works out well for you and you have a smooth settlement. Hope this helps!!

Best Regards,
Faiza Alvi - Realtor®
AveryHess Realtors
703-389-7973 (Direct)

I believe:
Real Estate is about building relationships
& serving clients with honesty, integrity & passion.
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Thu Oct 14, 2010
Lena Zaky answered:
I realized when it got posted all my columns got mixed up. Just look at the very last number, it is your months of supply.
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Fri Mar 26, 2010
Wayne Gardner answered:
My apologies to George if he is not connected to these numbers. What's interesting is that it is his name that comes up on each of the three erroneous postings.

Don, my point is not that someone will list his house for thousands a square foot. The point is that the average price per square foot that people use to negotiate for homes in 22182 is skewed significantly upward by these figures. If this had happened to only one house, it would be easy to characterize this as an unintentional error. But three houses in the same zipcode, with a total overstatment in excess of $40 million?

Dp2, you're right that averaging the numbers will serve to reduce the potential skewing to the point that it will not be obvious to the unwary. This is exactly what I would want were I an unscrupulous seller. Please don't underestimate the difference the factor of $40M price overstatement can make in a thin market in a single zip code.

Dan, Tonya, it cannot be an error with county records, given that the numbers are correctly reported on Redfin which gets its numbers from the same source.
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Thu Jan 14, 2010
Kim Hannemann answered:
I see you are in Fairfax County, which is part of the area covered by the MRIS listing service. I occasionally analyze current commissions offered in the Northern Virginia market, and in most situations 90% of the commissions are at 3%. There is an occasional bonus or higher commission, and occasionally a very low <2% commission. The rest, maybe 8%, are between 2-3%.

On short sales, it is common to offer 2.5-3 % but to ask the agent to split the listing commission 50/50 since banks often try to get the agents to cut their agreed commission. However, it is against MRIS regulations to offer anything but a fixed commission or fixed dollar amount.

One way to see if your agent is showing you the homes you want to see is to use an outside service - in the MRIS area, or services such as elsewhere - to choose the homes. You won't see the commission, but if your agent balks you can ask to see the commission offered.

Of course the best way is to have an agreement with your agent about what they will be paid. Then your agent can show you any home, with you paying any difference between the agreed amount and what is paid by the seller.
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Sun Apr 26, 2009
Lori Jeltema answered:
Every morning over my coffee, I read the trustee sales/forclosures in the daily newspaper and do back research on the ones that I want more info on. Pat gave an excellent description of the process. I think what you want is to have the chance to buy these properties straight from the banks after no one bids on tehm at auction without the banks offering them up to the public . Even on listed short sales, the banks take a while give an answer because they are holding out for their investor or a better offer. I can just say to go out there and offer what you are willing to offer. Many times, I see homes listed in the paper up for forclosure that are currently on the market. Go with your agent to these listings, it's a good way to get the chance to view them. The last person i know that bought one of those great 'forclosure' lists was reeled in by '5 bedroom homes in williamsburg for under $15,000'. he bought the list and the 5 bedroom 'homes' where timeshare listings. ... more
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Sat Mar 14, 2009
Vicky Chrisner answered:
Just remember, that house will have to be a bargain compared to anything else that is comparable; no matter when it sells. The bottom line is that some people will overlook it, but only for the right price....yourself included. ... more
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Tue Oct 23, 2007
Cindy Jones answered:
Dan gave you the answer on the tax record information and he is correct that if you are thinking of listing your home the market value for your home will be different. There are a lot of different factors that play into what your home should sell for. If you need more information feel free to get in touch. ... more
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