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Dumfries : Real Estate Advice

  • All27
  • Local Info3
  • Home Buying6
  • Home Selling3
  • Market Conditions2

Activity 25
Sun Sep 24, 2017
Tinadin22 asked:
Sat Aug 20, 2016
Ronmlewis asked:
Low inventory and priced below highest comps, been on market 3 weeks, 7 showings, when should I consider lowering price and by how much? I need to close within 3 months.
0 votes 0 Answers Share Flag
Mon Feb 22, 2016
Matt.hostutler asked:
I cancelled my listing on Zillow but it did not cancel on here. Please deactivate it. Thanks
0 votes 0 Answers Share Flag
Sat Nov 21, 2015
Vickie Harris answered:
Ask her to show you the bills each month.

What utilities is she including?

Also, ask her to show the bills before you moved in for the same period.
0 votes 1 answer Share Flag
Tue Dec 16, 2014
Don Tepper answered:
It sounds like you did a "Subject To," where you deeded the property to the investor but the mortgage stayed in your name. The investor, in turn, promised to pay your mortgage and, at some point, refinance the mortgage.

If that's the case, then you've got real problems. You no longer own the home, but you're still on the hook for the mortgage. And if that's the case, you can't put the house on the market.

I'm guessing the investor ran out of money. He/she likely would be willing to deed it back to you . . . but you'd still have the past-due mortgage amount. However . . . you haven't been paying the mortgage on the property for the past 5 or so months, so you hopefully have some of that money saved.

You certainly should contact a lawyer. But, please, make sure it's one who understands real estate investing techniques. Most don't. I'm not a lawyer, so this isn't legal advice. But my approach might be to twist the investor's arm to get the house deeded back to you. Meanwhile (with your lawyer's guidance or assistance), contact the mortgage company and try for a loan modification. Pay what arrearages you can, and try to have the remainder tacked on to the end of your mortgage. Otherwise, try for a short sale. The worst-case scenario would be a foreclosure.

And because I'm in your area (Northern Virginia), you might drop me a line. I'm curious who the investor is; I know some of them.

Hope that helps.

Don Tepper
... more
1 vote 3 answers Share Flag
Wed Mar 5, 2014
Diana Watson , Coldwell Banker answered:
Hello Sandra,

I do believe the best way to research about the crime is to visit the various websites and local authorities. Also, if you know someone else who lives in Dumfries for other perspectives. You can try or

Call me if you are searching for a home in or around the area. Just call, text or email!

Diana Watson
Avery-Hess, Realtors
... more
1 vote 7 answers Share Flag
Wed Jan 8, 2014
Donna Petrone answered:
Thanks, Natalie.
I will run the search and get right back to you.
0 votes 6 answers Share Flag
Wed Jun 5, 2013
Bruce Toliver answered:
I am a professional and dedicated real estate agent who works for my client's best interest when they're purchasing or selling a home with over 12 years of Real Estate experience. I grow up in Northern Virginia as the son of a Great Military Man. I have great knowledge of Northern VA and the Washington DC Metro Area. My knowledge in many areas of the real estate industry has enabled me to successfully satisfy my clients' real estate goals and help them make prudent financial decisions. Please contact me with any and all of your questions about real estate. I will take care of your real estate needs from start to finish. Call me at anytime; I'll be your realtor for life.

Bruce Toliver
EXIT Choice Realty
... more
0 votes 2 answers Share Flag
Wed Jun 20, 2012
Cheryl Thomson, SFR answered:
Daniel. You may need to look into apts for that price range.
0 votes 1 answer Share Flag
Fri Jun 15, 2012
Tatiana Busch answered:
Yes it has a pool!

Please visit my website to find real estate listings, homes for sale, houses for rent, and property records, as well as school and neighborhood information!
0 votes 5 answers Share Flag
Tue May 22, 2012
Elliott R. Oliva answered:
Seems to happen a lot around here with agents, lenders and customers alike. I am originally from Texas and I never have seen such a lack of professional courtesy as I have out here. It's as if not having manners or common courtesy were in style.

Fortunately I have a handful of real professionals I get to work with so if you need a referral please let me know.

Thank you and best wishes.

Elliott R. Oliva
Mortgage Banker | nmls#353884
Stearns Lending, Inc.
202.681.1636 direct
"Se Habla Espanol"
... more
0 votes 4 answers Share Flag
Tue May 22, 2012
Tish Thompson answered:
If you really have to ask why an agent should be paid while buyers do all the work, do us a favor and keep doing all the work on your're doing us a favor.
1 vote 8 answers Share Flag
Wed Apr 13, 2011
Dan Tabit answered:
Closing costs are typically 2%-3% of the amount financed. They can be paid directly by you, by the seller or by the lender through a slightly higher rate or any combination of these three.
If your purchase & sale are already in process it may be too late to request closing costs be paid by the seller. Your lender should be able to tell you what options they can provide through some interest rate offset. You can also request a complete breakdown of the costs, such as origination, appraisal, Title, Escrow or Attorney's fees, flood certification, lender underwriting or administration, property taxes and home owners insurance just to give you some examples.
... more
0 votes 4 answers Share Flag
Wed Nov 17, 2010
William Hernandez answered:
As a Real Estate Appraiser and Realtor in Prince William County, Reference the question posted, I offer you the following market data sales trends on the neighborhood:

MRIS indicates there were 52 closed sales during the past 12 months and 20 of those sales contained seller concessions which is 38% of the total transactions in this market area. Prior Months 7-12: 19 Sales; 5 with concessions; 26% of sales for this period. 4-6: 21 Sales; 9 with concessions; 43% of sales for this period. 0-3: 12 Sales; 6 with concessions; 50% of sales for this period. The concessions ranged between $1,000 and $4,700. The median concession amount is $2,706.

MRIS indicates there were 52 closed sales during the past 12 months and 20 of those sales were either foreclosures or short sales which is 38% of the total transactions in this market area. Prior Months 7-12: 19 Sales; 11 foreclosures or short sales ; 58% of sales for this period. 4-6: 21 Sales; 4 foreclosures or short sales; 19% of sales for this period. 0-3: 12 Sales; 5 foreclosures or short sales; 42% of sales for this period.

Effective Date: Tuesday, November 09, 2010 MRIS indicates 7 lisitngs within the subjects market neighborhood during the past three months that were either Withdrawn or Expired. The 7 listing properties were actively listed between 11 and 158 days.

MRIS indicates 14 properties Under Contract within the subjects market. Of the 14 properties, 13 properties contracted within 168 days. The remaining contracted for 177 days.

Days on the Market fall within a 1 - 2 month range. The data indicates a 18% comparable market property value increase, and a 21% total market neighborhood sales property value declination. The median list to sales ratio provided by the data and the list to sales price ratio provided by the comparables indicate less than to full sales price settlements. Market conditions continue to indicate a buyers market. There is a 2.0 comparable and a 4.3 month total neighborhood housing supply.

William Hernandez
Hernandez Real Estate Services/Keller Williams
(703) 608-5239
... more
0 votes 4 answers Share Flag
Tue Oct 27, 2009
Lisa Smith answered:
I have been active in many rental transactions over the past several months. Although rentals have slowed down in the last 2-3 months in Prince William County - it is still a "hot bed" as far as rentals go. With its close proximity to Quantico and Ft. Belvoir, the area is naturally transient and folks are always looking for GOOD rentals. If you are an investor and have an interest in purchasing property to use for rental purposes, as long as you are willing to invest in fixing it up you shouldn't have a problem renting it! Good Luck! ... more
0 votes 4 answers Share Flag
Sun Feb 22, 2009
davidwbrower answered:
Your question makes little sense. If you are buying a home, then you don't receive an offer to buy from a bank. You make an offer. Maybe you did and the bank made you a "counter-offer". I sure hope you are working with a realtor that can assist you and answer your questions. Hence, the reason why you should have an agent especially if you are asking suck a basic question. At this point, we must assume you do not have an agent. But from your question, it is unclear if you are buying or selling is you say you "received an offer" and then say you are in the process of purchasing. If you are the Buyer, you call the shots. This is a clear Buyer's market. Seriously, you should not be buying a house without representation. Get an agent and start over. Walk away from this deal and get someone on your side that can keep you from making a big mistake or paying too much or getting taken. This is one of your biggest financial decisions. Treat is as such and get some help. ... more
0 votes 5 answers Share Flag
Wed Nov 26, 2008
William Noel answered:

December 2007 Congress approved a change in the tax law for short sales. The difference between the sold price and the amount your mortgage was forgiven, no longer counts as taxable income. This only applies if the home was your primary residence and not an investment. Again if you sell the home there is no taxable income on the difference.. ... more
0 votes 3 answers Share Flag
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