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Cumberland : Real Estate Advice

  • All25
  • Local Info2
  • Home Buying5
  • Home Selling2
  • Market Conditions3

Activity 13
Travis Shroy…, Real Estate Pro in Cumberland, MD
Wed Aug 19, 2015
Travis Shroyer answered:
Lanre Folayan, Real Estate Pro in Washington, DC
Fri Aug 23, 2013
Lanre Folayan answered:
Hello Instantequitymd,

Areas where they are a lot of cash activity are places such as PG County MD-Ex: Capitol Heights,Congress Heights and Temple Hills. These areas have properties in the $100k and below. Also Baltimore MD can definitely be added to that list. Much luck to you in purchasing your next real estate investment properties. ... more
0 votes 3 answers Share Flag
Joan Lord, Real Estate Pro in MD,
Tue Mar 26, 2013
Joan Lord answered:
Willbrook Road in Cumberland MD.

Are you looking for a home near Cumberland, MD?
0 votes 2 answers Share Flag
Josh Barnett, Real Estate Pro in Chandler, OK
Fri Mar 15, 2013
Josh Barnett answered:
You should offer the brokers you are interviewing at least 10 to 15%. By doing this, only the best will apply for your listing.

Best of Luck.
0 votes 5 answers Share Flag
Joan Lord, Real Estate Pro in MD,
Tue Feb 26, 2013
Joan Lord answered:
This home was listed for sale, but was withdrawn. Are you looking for a rental in Cumberland?
0 votes 1 answer Share Flag
Greg Myers, Real Estate Pro in Gaitherburg, MD
Thu Jan 17, 2013
Greg Myers answered:
Hi Anne,

The process is to submit a rental application with a $35 to $50.00 fee for a credit background and 2 most recent pay stubs or a job offer acceptance letter from a new employer. You don't necessarily have to have prefect credit just acceptable credit. Also the monthly rent normally should not exceed 35% of your gross monthly income.

Greg Myers
RE/MAX Realty Group
... more
0 votes 2 answers Share Flag
Greg Myers, Real Estate Pro in Gaitherburg, MD
Wed May 30, 2012
Greg Myers answered:
Once the foreclosure sale has been approved by the Alleghany County Court and the bank has been granted title to the home the house is the banks. The bank will assign a real estate agent to have the locks changed and have a clean out of the property performed.

If the real estate agent finds the house still occupied the agent will notify the bank. Some banks will offer the former owner cash to vacate the property with-in 30 days. The former owner can receive up to $5,000 which is paid in travelers checks to vacate the home quietly.
... more
0 votes 2 answers Share Flag
Steve Jones, Home Buyer in Cumberland, MD
Sat Jun 4, 2011
Steve Jones answered:
The values are generally immune to market downs because the buildings are in an historical area...they are going up and will continue to do so....
0 votes 1 answer Share Flag
Daniel Johns…,  in Mitchellville, MD
Thu Sep 23, 2010
Daniel Johnson answered:
No it went under contract, the closing date is set for October 15th of this year.
0 votes 1 answer Share Flag
Maria Morton, Real Estate Pro in Kansas City, MO
Tue Jan 12, 2010
Maria Morton answered:
That depends on the location of the home and the market absorption rates for that neighborhood. You will also want to consider the price range as higher dollar homes generally take longer to sell than homes in lower price ranges. Generally speaking though, if you have had no offers in 3 weeks, you need a price reduction, staging, and/or an adjustment in your marketing plan. ... more
0 votes 14 answers Share Flag
Joel Maher, Real Estate Pro in Salisbury, MD
Wed Nov 25, 2009
Joel Maher answered:
Another tough situation. The agent is right. Most of the time the seller knows that they are in default on the mortgage and were probably taking the money you were paying for rent and using it for other purposes. Your contract should become null and void due to foreclosure. If your contract with the seller stated that a portion of your rent would go to closing costs or other concessions, you probably won’t get it back. It would be like paying that money just for rent. If a rent to own contract was never fulfilled, the buyer usually would lose that money towards closing anyway. Hope this helps! ... more
0 votes 2 answers Share Flag
Jed Lane, Real Estate Pro in Petaluma, CA
Mon May 26, 2008
Jed Lane answered:
There can be a number of reasons why you might want to know the value of the home now. So if you are thinking of marketing the home definately get CMA's done by local Realtors. If you are tring to prove to the local tax board that your appraisal is too high then contact an appraiser to do the research. Although I've written letters of value that homeownres have used I'd still go the appraiser route.
either way the process is the same. Both the Realtor and the appraiser look at recent sales, the difference lies in maket value and "conservative probable" market value. Both are opinions and ususlly well founded. The only real way to know the market value is to get a ready and willing buyer to say they will pay X for the property.
... more
0 votes 4 answers Share Flag
Bill Wootan's…,  in Waldorf, MD
Sat Feb 2, 2008
Bill Wootan's Team One answered:
A member of my team owns a lot of property in the Cumberland Area, and says it is all according to which view you have, the gap toward Pa, the city view, or the view of the railroad station, and which mountain it is on - my agent will be up there on the week end of the 15th and would be able to go by and give you a price, but it probably has not increased much in value - give us a call we will be glad to give you or opinion of its value.

Bill Wootan - Leader of Team One
Century 21 H T Brown - Waldorf, Md.
... more
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