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Home Buying in Germantown : Real Estate Advice

  • All140
  • Local Info7
  • Home Buying40
  • Home Selling6
  • Market Conditions5

Activity 35
Sat May 13, 2017
Dr Joe Nunnari asked:
Thx. How can I filter down to house type? I am only interested in Ramblers or Ranchers...NO COLONIALS!
0 votes 0 Answers Share Flag
Sun Dec 4, 2016
Alysse Musgrave answered:
Do NOT ask the seller's agent to represent you. They are being paid to get the most money for the seller. This could be a problem, depending on the arrangement your agent has with his current broker. Your instincts are right about this...talk to your agent and see who will be representing you after his transition to the new brokerage.

Buying a Home? Don't Let Them Make a Monkey Out of You! Follow the link below.


Alysse Musgrave
Consumer Advocate/
Exclusive Buyer Broker
http://HelpUBuyAmerica.com

Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You!
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0 votes 1 answer Share Flag
Thu Feb 18, 2016
Ellievdavis55 answered:
I think you should have it professionally inspected. If it was treated properly, the issue should be gone. At the same time, you are going to want to find out if there are other pest control issues you need to find out about, or if the termites weren't treated properly. Hopefully that professional examination will be enough to let you be more confident about whether or not to buy the place.
http://www.bwpestcontrol.com/about
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0 votes 13 answers Share Flag
Thu Nov 5, 2015
answered:
I have helped many families purchase homes through this program. It is a great program for people that have got back on the right track. I know all the details about the program as we have been offering it for over a year now. You need a 20% reduction in income for starters. You are welcome to contact me and I will be happy to let you know if you can get approved for the loan.

For mortgage help, call (855) 893-1177 or email for a free pre-approval in less than 10 minutes. We lend our own money and are licensed in 49 states and you can apply online at http://www.myccmortgagebn.com. We can do: FHA, Conventional, USDA, VA, HARP, Interest Only, Home Equity, Fixed, and Variable. Find out which product is right for you by calling Brad at (855) 893-1177.

Brad Neumann
Branch Manager
Crosscountry Mortgage Inc.
Phone: (855) 893-1177
Email: bneumann@myccmortgage.com
NMLS# 948036
... more
0 votes 8 answers Share Flag
Thu Dec 5, 2013
Alejandra Meyers answered:
Hi Ashley, a year is enough time and I would be happy to help you in your home search. I currently live in Germantown and I am very familiar with this area. The first question I would have for you is have your contacted a lender? Pls feel free to contact me with any other questions you may have and remember there are First Time Home-buyers programs available. My email is alejmeyers@gmail.com ... more
0 votes 11 answers Share Flag
Tue Jul 2, 2013
Miekeba Jones answered:
Hi! kjh2102! Have you found a property of interest? Contact the utility company with an address and they may provide you with an estimate. If you need a Realtor to help you find your home, contact me. ... more
0 votes 1 answer Share Flag
Sun Mar 10, 2013
Piero Marinucci answered:
Yeah, not sure. I can give you the name of a good investment lender if you're interested.
0 votes 6 answers Share Flag
Sun Mar 10, 2013
Russ Ravary answered:
As soon as you sign a purchase contract. It normally takes 45 days to get a mortgage done.
0 votes 10 answers Share Flag
Sun Mar 10, 2013
Russ Ravary answered:
What does your contract to sell say? You should have a closing date in their. Hopefully for your sake you do. Godd luck
0 votes 3 answers Share Flag
Sun Mar 10, 2013
Russ Ravary answered:
I would check with the bank that you are with and see if it is possible. That is your last possibility. Luckily home prices are on the rise across the country. I hope for your sake your area is rising too. ... more
0 votes 5 answers Share Flag
Sun Mar 10, 2013
Russ Ravary answered:
Negative.....If you signed a contract to pay rent for year. Then you are committed to paying the lease for a year. The landlord has the right to sue you and could end up garnishing your wages. ... more
0 votes 9 answers Share Flag
Sun Mar 10, 2013
Russ Ravary answered:
Simply put a FHA Loan is a government insured loan that allows for borrowers with a short credit history ( as short as 1 year) to get a loan. A FHA loan allows you to buy a home with as little as 3.5% down. ... more
0 votes 5 answers Share Flag
Wed Nov 14, 2012
Alex Saenger answered:
Bruce and Laura touch on very important factors. First, if the sale is not professionally negotiated, the deal could last a VERY long time. Second, you need to know if you can afford buying the house, and that a lender is willing to lend you the money to do so. The other factor is the owner needs to show the bank a, "hardship." Just saying he doesn't want to be a landlord anymore may not work depending on the bank. So there are clearly more questions on this one than answers. The bottom line is you should have someone work with you on this. Either a Realtor or an Attorney. ... more
0 votes 6 answers Share Flag
Thu Aug 2, 2012
Termite answered:
Thanks everyone..just unsure how deep the damage wud be as it doesnt appear too big on the outside???
0 votes 5 answers Share Flag
Fri Mar 2, 2012
answered:
No it's not normal to say you are pre-approved and not give it in writing. Something is wrong. You should talk to other loan officers but ask the LO now why you can't have a letter. Maybe something is wrong. On the referral if a client comes to me for financing and doesn't have a realtor I tell them I can provide a few names based on where they want to live but the choice is theirs. Same thing happens when realtors refer to loan officers. Hope this helped let us know if you need more.
Thanks
Brent
... more
0 votes 7 answers Share Flag
Mon Oct 17, 2011
Artbenedetti answered:
I have sold 2 homes and purchased one home using Rosselle Realty. I would trust them before ANY other realtor. Maybe the information you are seeking is contrary to what you WISH to hear? I also know there are tons of speculative buyers who do not and can not qualify for loans/financing. This market is not for everyone; that is how it all got this bad. Sometimes we can't accept the news that we need more money down and a lot better financial position. If you are not getting adequate response from ANY realtor, get another one. But for me and my money, I TRUST Rosselle Realty. They REALLY let you know the truth, straight and up-front. ... more
0 votes 9 answers Share Flag
Wed Jun 15, 2011
Melissa Barkalow answered:
As other mention, in a short sale, the owner is not making a profit, they are selling because they are falling behind on their mortgage or are about it. Short sale in the step before the bank forecloses on the property, which typically takes time to happen. The bank lent a certain amount of money for the purchase of the home and they want the remaining balance paid, thus the seller needs to sell and come up with other cash to pay-off the loan. Going into foreclosure and short sales will also hurt your credit rating. This process takes time, banks need people to review files and contracts. Short sale is a misnaming of the process, it should be called long sale. The short sale process typically takes 3+ month and is a longer process than a normal sale.

Hope this helps.

Good luck!
... more
0 votes 7 answers Share Flag
Fri Mar 11, 2011
Rick Reed answered:
Seller paid closing costs and concessions are the same. You must negotiate both price and seller concessions. In the current market, seller paid closing costs are quite common. Given the listing inventory, I would give the buyer the edge in negotiating and aggressive price and concessions. ... more
0 votes 13 answers Share Flag
Sat Feb 12, 2011
Elliott R. Oliva answered:
There is a part in the bill that directly alters how lenders are compensated. In turn, that is going to take away nearly all of a lender's flexibility with fees & rates. It is a competitive market the way it is right now. We provide GFE's and Truth In Lending statements so borrowers can compare apples to apples but the government doesn't see it that way. The government wants to control that even more.

Yes, it will lead to higher fees and rates for clients but how much is uncertain. All lenders out there are still trying to figure out what to do with their pay plans and how to structure their loan offerings. There was little guidance/clarification as to how to stay compliant with the new regulations so you can expect this will be confusing for a while come April 1st.

As a consumer, I wouldn't say you need to panic. I would recommend you work with a lender you trust, that is honest and knowledgeable. Those of us who care about our industry are not going anywhere and will continue to be of service to our communities.

I'll be honest, this bill is so counter intuitive but I am not going to complain too much because this still beats digging ditches. I love what I do so I will adapt to what comes along and make the best of it.

Or, I just might move to Mexico and sell t-shirts on the beach.

Elliott R. Oliva
mortgage banker
Envoy Mortgage
202-681-1636 direct
eoliva@envoymortgage.com
... more
0 votes 3 answers Share Flag
Fri Feb 11, 2011
BG answered:
If you believe the appraiser is the expert in his/her field (over agent BPO) then you are over offering by 25K. Your buyer agent missed big time in this case (in your best interest). 25K is a lotsssssssssssss of money. Ask your agent to negotiate it down based on the latest appraisal or let the deal going south during financing. good luck. ... more
0 votes 5 answers Share Flag
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