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Elkton : Real Estate Advice

  • All22
  • Local Info2
  • Home Buying3
  • Home Selling4
  • Market Conditions0

Activity 26
Sun Jun 25, 2017
Mark Howe answered:
Hi Megan,

I also agree that the refinance is in your best interest. The rate drop is substantial enough that it will outweigh the closing costs within a couple of years. On your current balance, a 1% drop in the interest rate will save you around $1,800 in interest in even just the first year. Over 5-10 years you are looking at savings of over $10,000.

Regarding the rate you were offered, I would encourage you to shop around a bit. Feel free to contact me if you want a quote for comparison, our rates are excellent at Bank of America.

Mark Howe
Senior Loan Officer
Bank of America
NMLS # 870634
Phone: 360-643-1471
Email: markhowe@bankofamerica.com
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Thu Jun 15, 2017
Deanfs asked:
My listing is not up to date and the listing agent is not diligent in keeping the information relevant. I would like to edit my listing accordingly. Please let me know how I can do thi…
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Thu Jun 8, 2017
JadedSubmarine asked:
My wife and I want to buy a waterfront cottage in New England that was built in the early 1900's and is currently used as a summer home. The house has no foundation and no heat, so in order…
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Fri Nov 18, 2016
UpNest answered:
If you're trying to sell for the most money, There's a number of reasons now to sell FSBO: http://www.upnest.com/1/post/10-reasons-not-to-sell-by-owner-fsbo/
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Sun May 15, 2016
Jane Johns asked:
Fri Mar 18, 2016
Mtsedlack asked:
Tue Mar 1, 2016
Your Name answered:
Home is for sale and that is legit. It was when the scammers took the listing off the MLS list and tried to hijack the listing. Home is only for sale not rent.
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Tue Mar 1, 2016
Your Name answered:
Home is for sale and that is legit. It was when the scammers took the listing off the MLS list and tried to hijack the listing. Home is only for sale not rent.
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Mon Sep 14, 2015
Amelia Robinette answered:
In August 2015 Elkton, MD the median days on market = 68, average days on market = 135

There are 23 active/contingent/sold properties in the Park Circle area, average DOM = 167, median DOM = 101

6 properties have sold in the last 6 months in Park Circle area, average DOM = 271, median DOM = 175

hope that's what you're looking for, you're welcome to email me with more questions amelia@novahouseandhome.com
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Thu Aug 20, 2015
Cunhakathy2000 asked:
Wed Nov 6, 2013
Michelle Cerezo answered:
Please confirm where in Elkton? I have a 6 year old Black Lab who is a part of the family....Are pets allowed? If so, how many rooms and bathrooms doe sit have?
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Thu Oct 3, 2013
Ryan Braunagel answered:
Robin-

Yes you are going to be paying more for a new construction home. This not only hold true in Cecil County but anywhere else as well. you will be paying an inflated price since the home has not been used or lived in. You will not expect to pay the same price for a home that has wear and tear on it as a newly constructed home that you can even pick out colors and appliances for in most cases.

Hope this helps!
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Mon May 27, 2013
The Roskelly Team answered:
Sellers (usually) must have a reasonable hardship in order to qualify for a short sale. You would be surprised to see how many sellers, with the financial means to keep the house, attempt a short sale just because they are upside down. A hardship letter in and of itself does not make or break a short sale deal. In addition to the hardship letter the Seller must submit detailed financial information including bank statements and pay stubs. So much more likely that information revealed that there wasn't a hardship.

A lender accepting your offer and short sale letter...as in physically receiving it...doesn't mean it was "accepted". If this loan has a lender and investor you would need approval from both and the property and offer would have to meet their minimum guidelines to qualify.

Other possible reasons for being declined (you should have the Seller's agent contact the lender or negotiator to get the full reason for the denial).

1. The offer was too low based on the lender's valuation of the property (should result in counter-offer)

2. The concessions asked for were outside of investor guidelines (should result in counter-offer)

3. The Seller is financially capable of making the payments and has sufficient assets to maintain the property (denial)

4. The property is too far along in the foreclosure process (denial).

I'm sure there are other factors to consider but these are the most common. I think you are missing a piece of the puzzle.

The VERY FIRST question you or your agent should ask the Seller's agent or negotiator on any short sale offer is "Does the Seller have a qualified hardship" and if so "what is the hardship". Don't be afraid to ask. It is your time and money on the line if that deal fails!
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Wed Apr 10, 2013
Ron Thomas answered:
It would sound that the HOA has a contract with a Security company to patrol the grounds ocassionally.
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Tue Jun 12, 2012
My NC Homes Team answered:
Tammy,

Your listing agent can and should do this for you. Trulia is not a site for listing For Sale By Owner properties, though if you have placed your home for sale in your local MLS with a limited service company, then it will appear on Trulia.

Most FSBO Sellers ultimately end up listing their home with a proffesional once they realize it takesa lot of work and their not really up to the task of marketing their own home effectively.

I don't work in your area, but have attached a link that may be of interest, it's on how to find a great Realtor regardless of where you live.
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Fri May 4, 2012
The Roskelly Team answered:
Most likely the property is off the market and no longer being offered for sale.
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Fri May 4, 2012
The Roskelly Team answered:
As others have indicated this probably isn't the perfect time for you to be buying. Work on those credit scores and paying everything on time. And keep looking to see if you can find something that doesn't need mold remediation. If the property is that inexpensive and hasn't been snatched up by an investor there is probably a reason. ... more
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