Depends...you'll need to discuss the contract terms with your agent and see if it's possible. Keep in mind, if you have a rate locked, you may not get the same rate with another lender, you'll also have to pay for another appraisal, credit report, application fee if one was charged.
In general, 15 days is a VERY tight timeframe and irritation is a bad reason to switch and may put your contract in jeopardy. You're in a competitive market, so probably best to suck it up and move forward.
Good news is that it's unlikely you'll deal with your loan officer again after closing. Depending on what bank you're working with, they probably won't 'own' your loan more than 30 days past closing. Unless you're already working w/Wells Fargo or Bank of America. It's likely that your loan will be sold to one of the larger servicing companies. Even if your loan officer is with a big bank, the loan servicing arm of each bank is often an entirely different entity.
I specialize in residential investment properties and own several myself. What kind of cap rate are you looking for? Cash flow? Arlington is great for appreciation value, if that's what you're looking for. If you're looking for cash flow, Maryland could be a better option because of purchase price to rent ratio, plus taxes are a lot better there.
Feel free to reach out to me through my website: www.kellyputz.com
Licensed in VA/DC/MD
Barcroft Realty Group
Fairfax, VA... more
you do not need to pay more than once. , There are firms that manage and charge for the renewal. Some apartment locator firms only find you a qualified renter, and don't manage, They do all the paperwork, and before they do, give you the information to make a good decision about the renter they bring to you. Then they go away or recommend one or two management firms for you to have choices. when a management firm finds you a renter, they manage the property and actually, in some ways hope the renter leaves so they can re rent it for another fee.... more
No, relatively easy fix. Ductwork is cheap and I've seen this come up before. The homeowner was operating the systems that way for a decade and never had a problem. My concerns would be lint blowing into the bathroom fan ductwork and if both systems were running at the same time, it may cause lint build up upstream in the dryer duct because of the added pressure from the bathroom fan. Nothing to be concerned about, just separate the ducts. A flex duct from Home Depot will only be a few dollars.... more
It really depends on how you learn and what you will need to be successful in your business. The unfortunate reality is that passing your license exam will do absolutely nothing to help you run a real estate business. Real estate training in Virginia is more about CYA, laws, and regulations - ways to not get sued. I think its a great idea to get the in class training with seasoned Realtors because you will get the "real world " examples but it may be distracting to what you are trying to do at that moment, which is pass the license test. A better approach might be to just take an online course that focuses on test passing and then get the real world training at the brokerage you choose to affiliate with. Its a business and if you treat it like a business it will respond like a business so finding a good mentor who will teach you how to market and run a business is really what you need for a successful start. Another reality is that the majority of your clients won't care what brokerage name is on your business card, it will be all about you and your ability to perform. Building a successful real estate business comes down to how you market those abilities. Give me a call anytime, I'd be happy to talk with you. I've owned my brokerage for several years and am in the process of choosing 5-7 agents to mentor to duplicate the marketing systems and sales strategies I've implemented and refined over the years. Simple and fun ways to deliver great value to clients, market those successes, and enjoy the fruits of a great business. You can google "Chris Ognek" to get an idea of what some of that looks like and also check out www.makeoveragent.com. Good luck.... more
My Compadre John below has it right, but if you would like further clarification on the subject, please click on the link below. This should surely clear up any questions you may have and maybe give you some tips on what to do or what to avoid.
Best of Luck!
Jay, 1200 for a 1 bed in Arlington is a good deal. Sustaining a comparable monthly payment would necessitate moving out of Arlington. There are some attractive buildings in Alexandria, or Annandale, Baileys Crossroads, Seven Corners for example - that might meet your benchmark; if you are willing to move out then you should at least explore options. Focus on the monthly payment, not the sales price - because condo fees vary wildly and can be a real deal breaker, even with an inexpensive property. If you have stable employment, getting on the housing ladder sooner rather than later, makes economic sense - incomes tend to go up whereas fixed mortgage payments stay the same. Owning, when you factor in tax advantages, is generally a good idea, however, not everyone wants the responsibility and hassle of home maintenance. You should eventually buy, but timing is everything.... more
Absolutely. We are seeing well-priced properties move quickly. Even those that need some improvements. With the increased activity in the market, I am seeing more buyers compromise in order to secure a property in the location they would like.
If you would like more information about buying, feel free to contact me email@example.com... more
You want to look for a true investor landlord. Chances are, they may not be working with a Realtor. Why wouldn't you just buy? Maybe credit is an issue? Find a good lender who can tell you what to do to improve your scores so you can buy sooner and take advantage of tax benefits.... more
I think for sure the value of the respective properties in Arlington,Va will continue hold their value. There are some great plans slated for Arlington and they are happening as we speak. The best is still yet to come for this beautiful area of Virginia. It has the great erban life, great jobs, close to Georgetown and metro, etc... If you are planning to purchase in this neighborhood you will not be disappointed.... more
It looks like you have an ARM (Adjustable Rate Mortgage). Depending on how much time you have left on your loan and what index your ARM is pegged to, it may or may not make sense. Its best to talk to a Mortgage Lender for this one.
If you are asking because you are thinking of walking, it is too far, but I would recommend using Google Maps or Bing to check exact distances of places you are considering. Rosslyn is connected via the metro and buses run thru Rosslyn station. Columbia Pike in zip code 22204 is also a major bus route, so I would check bus schedules. 22204 is located south of Route 50, while Rosslyn is north of 50.
Please let me know if you need any further assistance.
Stainless is all the rage "now"..I say now because it was once "harvest yellow or green". I personally love the clean look of the stainless, but Im not opposed to white, if it matches the decor in the kitchen.... more
I've been around long enough to know there is a lot more with your question :)
Equal commutes: Do you mean driving time, distance, or metro? There is no metro to Andrews.
There are a lot of choices for locations that will work for the commute you describe above and some places you might like. You didn't provide a price range which makes a difference. If you need help give me or one of the other Realtors, shown below, a call. Personal assistance is best from a good Realtor that knows the areas.... more