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Home Buying in 22203 : Real Estate Advice

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Activity 3
Wed Jul 6, 2016
john bertuci asked:
we recently got a short sale approval from ocwen, and noticed in the letter that after adding 6% commision and owner assitance of $10,000, it still came lower than the offer price. My question…
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Fri Nov 29, 2013
My NC Homes Team answered:
I think you've got this site confused with Mission Impossible. I read your "question" and I hear, "Your mission should you accept to choose it...."

Honestly your question is about a dozen questions that each lead to several questions requiring answers from you. No one reading this is going to be able to "answer it." If you're interested in getting some assistance with investing in the Arlington VA / Washington DC area, my suggestion is to click on the find an agent tab in the green bar on the top of every Trulia page, and look for a few Realtors who work in that area and who have experience with investors and good ratings/reviews. Then be prepared to sit down with them and have a conversation. As someone who has worked with many investors I can assure you there are as many investment strategies as there are investors. You need to be able to tell the Realtor what your objective is, flipping isn't the same as buy and hold and the criteria for analyzing various properties changes with the investors objective. Most serious investors already have their own metrics for calculating ROI and investment potential. Reading your question, I suspect that you're new to real estate investing and what you want is some guidance, which is perfectly fine but in my opinion you'll do better having a face to face or telephone conversation with an experienced Broker in the area rather than using an online forum. Best of luck to you. ... more
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Sat Jan 3, 2009
Bill Eckler answered:
Katie,

We suggest that you get started with the process now by beginning to collect information about financing and getting pre-approved for a loan. Consider looking a foreclosures where you can find significant savings and an easier transaction than a short sale.

The key to finding the right place for you is allowing enough time to do a thorough search. Once you have found the right home you can work toward a closing date that meets your personal needs. A real estate professional can assist you with this and other matters along the way.

Our advice.....get started today.

Good luck
... more
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