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22202 : Real Estate Advice

  • All31
  • Local Info4
  • Home Buying15
  • Home Selling0
  • Market Conditions1

Activity 27
Wed Jun 15, 2016
Dejajanee answered:
There is no underwriting guideline limit on Seller Concessions on USDA Loans, but Seller Concessions are capped at the actual amounts for the Buyer's closing costs, pre-paid items and impounds collected on the purchase transaction. In addition, if the appraised value is higher than the purchase price, the borrower's closing costs can be financed into the loan amount.
Web Reference:
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2 votes 15 answers Share Flag
Mon Jul 6, 2015
Amelia Robinette answered:
Your money needs to be in a US bank. You can contact any bank on their procedures to transfer funds into the US.
0 votes 1 answer Share Flag
Thu Jul 10, 2014
Geva G. Lester answered:
When you are talking about the 22202 zip code and want to know about public transportation, it is important to understand there is a lot more GREAT options besides the metro. Crystal City and Pentagon City are really flourishing with high speed buses coming into them, the trolley line plans and the circular bus. The neighborhoods with single family homes that support this zip code are Aurora Highlands, Arlington Ridge, Addison Heights, Oakcrest and Aurora Hills. ... more
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Thu Sep 5, 2013
Milton answered:
I'm looking to buy on cash, a single-family or town house to rent. Since i'm a non-resident would i need an established credit history to take out a home equity loan?
0 votes 2 answers Share Flag
Mon Aug 26, 2013
Alan May answered:
Ownership of a property in a foreign country, is not a promise that you'll ever be allowed to visit that country. They are separate issues. Only you can decide if you're willing to take that risk. ... more
0 votes 3 answers Share Flag
Mon Jul 15, 2013
Mahavir Singh Solanki answered:
i am an indian n want to purchase a house in usa what are the laws n documents we need to purchase house in usa?
0 votes 8 answers Share Flag
Thu Apr 4, 2013
Ritu Desai answered:
No most of the rental places will require US credit history prior to renting the place. However you can reach out directly to some of condo owners and see if they would consider your application. ... more
0 votes 1 answer Share Flag
Thu Mar 14, 2013
Joe Hurley answered:
Do you need to sell your house in order to buy the short sale? The safest route would be to acquire the new home first and then sell the current house.

(If I was representing the short sale seller, I wouldn't take a contract that was contingent on the seller selling his house after final approval. The approval is only good for a certain amount of time and if there were any complications with your side, the short sale seller could be sunk. Extensions are usually granted, but there is no guarantees.)

If buying without selling is not an option and you move forward, be very careful to protect your deposit and right to void the contract. Once that approval is given and you sign off on the third party approval, you need to perform to the contract and seller can go after the deposit if you go into default.

Overall, get a game plan together with an experienced agent you trust. They will make sure you are covered. Contact me if you would like.
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0 votes 6 answers Share Flag
Mon Jan 28, 2013
Junaid Bashir answered:
Asslam o Alkum, Yes, there are options for an investor to purchase property.
I will be happy to help you.


Junaid Bashir
0 votes 2 answers Share Flag
Tue Jan 8, 2013
Marianne Prendergast answered:
The Prendergast Team, Agent, McLean, VA
Hello Sir,

We deal with many non-citizen investors (most like high end). We can provide referneces but look at our website and you will get an idea of how we are the best.

Call me or email me tomorrow at 703.434.2711 or

Look forward to talking!

Will Prendergast
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0 votes 2 answers Share Flag
Thu Aug 16, 2012
Sony Kim answered:
You need to really know Florida before you buy. Vacation home? or just investment for residential / commercial? Work with a Commercial Pro to look at future value not just present value (market value) and take it from there. Also talk to an international attorney your end to advise you before you trust and start working with somebody. Need a local attorney on the U.S. side too for your safety.

Sony Kim
Associate Broker
Keller Williams
6820 Elm St
McLean, VA 22101
703 244 3997
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0 votes 3 answers Share Flag
Thu Aug 16, 2012
Sony Kim answered:
I would purchase in northern virginia because the market is going up and stable.
Government Offices in D.C. and Pentagon is in Virginia. The FED (Government) is in this region.
I hope you understand what that means. And yes, you can invest but would have to go through international investment procedures unless you have a local person that can work on your behalf.
I would work with a local lawyer here and you need an international lawyer your end.

Sony Kim
Associate Broker
Keller Williams
6820 Elm St
McLean, VA 22101
703 244 3997
... more
0 votes 3 answers Share Flag
Tue Sep 13, 2011
Todd Lewis answered:
Dear AP9ch9:

The answer to your questions is; maybe. The issue is really; where will you get the home loan and will the bank know that you are not a citizen?

I am not aware of any law which would preclude you from purchasing a home in the US while on a visitor visa. Having said that, even though you have the ability to purchase the home in the US, why would you purchase a home in the US without a guarantee that you can obtain another visa?

With regard to the home loan, it is likely that a lender will not want to loan you money if they know that you are on a visitor visa, soon to expire.

I hope this helps.
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1 vote 2 answers Share Flag
Fri May 20, 2011
Melissa Barkalow answered:
Hi Vellak

The eclipse offers a shuttle that runs to the Crystal City metro station. There are currently 15 listings between the two buildings, list prices range from $285,00 for a 1BR/1BA to $749,900 for a 3BR/2BA. Please let me know if you need any help, my contact info is below.


Melissa, 202.285.9479
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0 votes 4 answers Share Flag
Fri May 13, 2011
... answered:
Hi Rohit

Yes, of course! You may wish to transfer the funds ahead of time to have them available in a US Bank in US Dollars.

0 votes 7 answers Share Flag
Thu Feb 17, 2011
Mack McCoy answered:
Yes, absolutely. You do not need to be a resident or a citizen to buy real estate in the USA. However, there are tax considerations that come into play; your B-I-L really should consult an accountant both here and in the home country with a strong real estate and investment background.

All the best,
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1 vote 1 answer Share Flag
Sun Oct 24, 2010
Vivianne Rutkowski answered:
"He's really wanting to just buy land, put a couple of trailers or something on it for the time being, pay on the property as much as he can, as quick as he can and then hopefully be able to start building"


Before you purchase the land, do make sure that it is ZONED properly so you can put the trailers and then build when you are ready. Some parcels of land are zoned in such a way that it will allow you build a home, but will not allow to put trailers, even temporarily. Check with the county to make sure you can achieve your dreams.

Also, do make sure that the land is perked for the number of bedrooms you need, has quality well/water, sewege system or alternative septic system, etc.

Best Regards,

Vivianne Rutkowski
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1 vote 7 answers Share Flag
Fri Sep 10, 2010
Anna M Brocco answered:
Keep in mind that rates will depend on location, what's included or not --for example heating, competition in the area, etc.
0 votes 1 answer Share Flag
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