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How To... in Fairfax County : Real Estate Advice

  • All75
  • Local Info4
  • Home Buying42
  • Home Selling8
  • Market Conditions1

Activity 15
Wed Feb 17, 2016
Alan May answered:
You have to take the licensing classes, and pass the course test, as well as your local state's test.

Good luck.
0 votes 1 answer Share Flag
Sun Jan 10, 2016
Amelia Robinette answered:
is your house for sale? if not, then why does it matter?

trulia isn't a real estate company, it pulls data from multiple sources and aggregates it here. if your house is not currently listed, then the sq ft info probably comes from the county tax record database. you most effective way to correct is to go to the county and have it corrected there.

if your house is listed, then talk to you agent about making the correction.

if you add 1,000 sq ft to your county records, your property taxes will increase because it's based on sq ft.
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Wed Aug 19, 2015
shaun woodson asked:
Fri Feb 20, 2015
Anna M Brocco answered:
Be aware that some rentals may be scams, therefore be cautious; be mindful that such web sites are third party sites, so the information is fed by various sources, therefore data is not really verified. If you choose not to work with an agent of your own always verify ownership before exchanging any money/personal information--make certain they are who they claim to be. Never wire any money, if it sounds too good to be true, it is. For scam related information see link.
http://www.consumer.ftc.gov/articles/0079-rental-listing-scams
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Sat Nov 2, 2013
John Ginty answered:
Tue Nov 15, 2011
Lauryn Eadie answered:
it will take a while for the changes to take effect, usually about 1 hour...
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Tue Nov 8, 2011
Erik Weisskopf,ABR,CDPE, answered:
Good answers by my colleagues below! " Fear of loss is a greater motivation than desire for gain" this is a quote I use often,

Seems if you are interested..but apprehensive..get all the facts and see if you can tie it up. There are a host of different strategies to do this.

If I can be of assistance..call text or e-mail..

Kind Regards,

Erik J. Weisskopf, ABR,CDPE,CRS,GRI
Erik@AskMeAboutHomes.com
703.216.1222
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Tue Sep 13, 2011
Ruth B asked:
Am currently subcontracting with a cleaning company to clean out foreclosed/empty house. I want to get my own clients to offer cost effectiveness to realtors if we undergo the middleman.Looking…
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Fri Dec 24, 2010
Susan Isaacs answered:
Interview a number of brokers in order to find one that fits your needs and style. Some questions to ask:
1. Do they provide leads? If so, how are they generated and distributed among agents? What's the average number of leads coming into the brokerage monthly?
2. Do they have a strong Internet presence to drive traffic to the brokerage? What promotional coverage will you be given without charge as an agent? Are there required costs for agent advertising?
3. What is the average commission split for new agents? Does it automatically increase or increase by negotiation? Get details.
4. Do they have successful teams that are taking on new agents? If so, can you interview with team leaders prior to joining the brokerage?
5. Does the brokerage provide free training and ongoing education or will it be your responsibility?
6. Is there adequate office space available for you if you decide to work at the office? Will you have a dedicated phone number?
7. Are there costs for office materials, admin fees and/or assistant fees?
8. How accessible is the broker for answers to questions, transaction opinions/review?
9. Does the broker sit on any boards or commissions?

Ask for a blank copy of the Independent Contractor Agreement agents sign with the brokerage (each broker has their own version) to take home and study. A couple of the many considerations:
• What happens to pending transactions and commissions if you leave the brokerage? Does the commission reduce? If so, by what percentage?
• What are you required to pay for and what duties does the agreement specify are required of you? If you have any concerns about the agreement, or don't understand it fully, have a real estate attorney review it for you prior to signing.

Some brokerages require additional investment in the form of brokerage-required courses and materials. You may also be required to perform "desk duty" and to attend meetings. Ask about this and make sure you can comply. Ask if any of the costs are negotiable.

Each brokerage has its own style and way of doing business--with clients and its agents. Get to know the differences before choosing a brokerage.

Commission splits are negotiable before you sign an agreement with the broker. The best "splits" are given to agents the broker feels will bring in the most business to the agency. If you have a big rolodex, play up that fact during your interview.

Good luck!
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Tue Mar 30, 2010
Sharon Goetz answered:
Hi! I have listed many Deepwood homes in the past few yrs and was also a homeowner there for 17 yrs. Based on the model and condition, current rentals are in the $1700 - to $1800 per month. There are SFHs for sale in the area - some have sold very quickly. PLZ contact me for more info. ... more
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Fri Mar 5, 2010
Lori Wertz answered:
I have had success by putting my clients on the auto email feature and cc' ing myself, so that I can comment or monitor what they are seeing. MLS wins my vote!
Thank you,

Lori Wertz ... more
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Thu Nov 12, 2009
Jon Wolford answered:
You have to read your lease. The lease says who has the right and who doesnt. It might be that you need to move out of there.
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Sat Dec 27, 2008
Vicky Chrisner answered:
Lawrence... I guess it all depends on what you're comparing Virginia to! Compared to DC or MD, Va is VERY pro-landlord. Compared to Texas, not so much. I have some links on the web page below that you might find helpful. In addition to being a real estate agent in the No Va area, I worked for many years in property management for multifamily owners - so I would manage portfolios of 5K units or so at one time. Although my portfolios included West Va, DC and Maryland, the majority of my experience was in Virginia - 1 property in Roanoke, 1 in Woodstock, 1 in Culpeper, 1 in Front Royal... and all the rest (lots of them) in Northern Virginia - Prince William/Fauquier/Fairfax/Loudoun/Arlington Counties and the various towns and local jurisdictions within those areas.

I am HAPPY to talk with you and answers some questions or provide resources, feel free to call me 703-669-3142.
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Sat Sep 6, 2008
xyz answered:
Sam,

This is a great question. Recently, increasing number of borrwors come up to tell me that they are interested in buying a bigger home and and rent out their current property. Until very recently, once it is past underwrite "smel test", like it is in fact bigger than your current property, or close to your work.ect,...you are approved with a new mortgage with leasing agreement for your current resident. However recently, Fennie and Fredi have come up with a regulation that in order to purchase another bigger property as your primary, your present home value must have at least 30% of equity, and you would acceptable reason to occupy the new one for your primary. However, FHA also, does approves it without this policy, and it is easier to get approved. It would be complicated if you have FHA on your current home.

please call or email me with any question at sean.thorson@wachovia.com

Thanks,
Sean
your loan officer at Wachovia, Mclean, VA
... more
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