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Home Buying in Great Falls : Real Estate Advice

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  • Home Buying7
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Activity 16
Sat Jan 16, 2016
Clare Grana answered:
You could make a lot of money for the trust. The answer is yes, unequivocally. There are lots of opportunities to do just the sort of thing that you were mentioning. The prices on some properties in Great Falls are very depressed at this time, and there are some great buying opportunities there. I have been in this business for almost 30 years. Contact me if you would like a consultation. Clare Grana Senior Real Estate Consultant with RE/ALLEGIANCE ... more
0 votes 4 answers Share Flag
Wed May 27, 2015
Dr. April Martin answered:
Hello,

Great Falls is my area of expertise. It is truly a family friendly area and it has some of the best schools in the county. Additionally, many of the neighborhoods in McLean have children within the above age range that you mentioned. Not to mention, being within close proximity to Tysons Corner is a plus! Contact me at (202) 503-6429 for additional information if needed. Thanks. ... more
0 votes 1 answer Share Flag
Sat May 31, 2014
Karin Andrews answered:
Thu Mar 20, 2014
Annette Lawrence answered:
In Pinellas County Fl there are 3815 single family homes for sale.
311 had open houses last Sunday.

IN Palm Harbor FL there are 283 single family homes for sale
21 had open houses last Sunday

In Dunedin FL there are 147 single family homes for sale
9 had open houses last Sunday.

As you can see, depending on open houses is NOT a practical method to find a home.
You can however, have your REALTOR to schedule home viewings, for the homes in which you have interest and at your convenience.

Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, Fl
727.420. 4041
http://RealEstateMadeEZ.us
... more
0 votes 8 answers Share Flag
Tue Mar 19, 2013
John Ginty answered:
I am happy to assist you. There are many people doing what you would like to do. It's a great investment and great time to do it. As Dina explained below, there are several steps involved in this. Call me at 703-307-3449 and we can discuss further. I look forward to hearing from you. ... more
1 vote 3 answers Share Flag
Tue Sep 18, 2012
Terry Bell answered:
You didn't say whether you ever went and discussed it with your neighbor! You have to see your neighbors all the time, and so I encourage you to try and handle it with your neighbor first. Obviously it will be costly to change something permanent like a fence, so if you are going to go ahead and file a complaint with the HOA you need to start getting your paperwork together to support your complaint. ... more
0 votes 5 answers Share Flag
Sun May 6, 2012
Erik Weisskopf,ABR,CDPE, answered:
Travis,

Excellent answer by my esteemed colleague Mr. Fitzgerald below. The question one might ask to be better able to answer your question..is why do you ask that specific question?

Then a truer picture may be painted to answer your question.

Anything I can do..let me know.

Kind Regards,

Erik J. Weisskopf,ABR,CDPE,CRS,GRI
Re/Max Distinctive Real Estate, Inc.
Erik@AskMeAboutHomes.com
703.216.1222
... more
0 votes 3 answers Share Flag
Tue Sep 13, 2011
Kelly Putz answered:
Hi there,

The ones closer to McLean are more sought after because of their proximity to the schools. The farther towards Loudoun County you go, they seem to be less desirable, but it's all subjective and depends on what the buyer really wants. Prices in Great Falls range anywhere from the $800s to multi-million dollar properties, and there are some places you can find these two prices right next to each other. So, if you are looking for an investment, the lower dollar ones could be a good investment, if you are willing to put in the money to do lots of upgrades and possibly expansions. That's mostly why they are priced lower.

Hope that helps!

If you need any help, I have offices in both Great Falls and McLean.

:)
Kelly

Kelly Putz
kelly.putz@gmail.com
Buyer's and Seller's REALTOR®
DC/MD/VA
Keller Williams McLean-Great Falls
http://kellyputz.kwrealty.com/
703-961-8663
... more
0 votes 4 answers Share Flag
Sun Jan 9, 2011
Margo Lockard answered:
Mr. Spilkin:

You bet an appraiser needs to know an area, but they also need to understand the residential market and many other elements that surround a purchase. If you need the name of one of the best professionals in Northern Virginia, let me know.

Margo Lockard, Associate Broker
ERA Elite Group, Realtors
703-359-7800, x 310
... more
0 votes 13 answers Share Flag
Thu Sep 2, 2010
Jay Seville answered:
Just started using Trulia more, William. I assume I'm late to chime in. But for what it's worth I've been showing a lot of property in GF and am shifting the focus of my blog to great falls virginia real estate.

check out this video on the process for breaking down a foreclosure and deciding how much to offer, etc. The blog covers the market data, new listings, etc.
... more
1 vote 2 answers Share Flag
Wed Aug 25, 2010
Jay Seville answered:
One of the risks in buying a home outside of Great Falls and Mclean for the Langley high school district is that the zoning for school districts could change. The first areas to lose their langley school district status are probably further out.

I have a Herndon listing that is in the Langley district, but the owner tells me it will lose its langley district status in the future even though that news is NOT at the county website. But is it worth the risk???

There is a reason that when you google "langley high school district homes for sale" you find my website #1.

Some good observations and answers were given by several agents here as well.
... more
0 votes 5 answers Share Flag
Sun Jul 11, 2010
Mack McCoy answered:
- I'd like to have a way to vet that out in a home buying situation.

The consensus may not provide the best answer for your particular circumstance.

- There are serious limitations to this "buyer agency model" which are difficult for a lot of people to admit and even more difficult to discuss publicly.

Such as?
... more
1 vote 9 answers Share Flag
Mon Jul 5, 2010
John Fitzgerald answered:
Please ask questions about the CMA analysis, and be aware of what homes were used, and, just as important, what homes were excluded.. It's the whole problem of what's really a comparable property, and you need an understanding of the thought that went into doing a CMA.

Two more things: have you done a traffic time analysis, or have had one done for you, of your commute from the home in which you're interested to where you want to go during the week? Route 193, Georgetown Pike, in the morning, with all the school bus stops and starts, can be a total nightmare. Second, if the home in which you're interested gets its water from a well, have you tasted it? More than a few buyers I have encountered just don't like the taste of the mineral-laden well water in Great Falls. It's not sweet, like Middleburg's.
... more
1 vote 9 answers Share Flag
Mon Mar 8, 2010
George Creed answered:
Good question. I have found that many third party approvals need 2 property valuations; often a BPO (which may or may not be worth much) and a second evaluation/opinion. In my experience, it is prudent for the agent to run a set of comps to send with the offer package to indicate where the market is at that moment. Once credible valuations are on hand, the negotiator can move the process along -- accept, or counter. Oftentimes with a good package - things can happen in 30 days; otherwise expect 45-60 days+. You need good agents who will stay on top of the process. ... more
1 vote 1 answer Share Flag
Thu Oct 22, 2009
Andy Krumholz answered:
Hi Anmarie,

You're correct these are not FranklyMLS listings. They actually do very few listings in Great Falls. The comments you've gotten from the other agent are all correct. You're best bet will be choose a buyer agent to represent your best interests. The listing agent is representing the sellers best interests.
Interview 2-3 agents who know the area and see whom you're most comfortable with.

I've worked the Great Falls area for the past 6 years and know it quite well. I'm also a distressed property expert, so if you're looking for a good deal, give me a call or send me an email.

Regards,
Andy krumholz, ABR, GRI, CDPE
Keller Williams Realty
(703) 599-4755 - cell
www.UtopianHomes.com
Ajkrumholz@yahoo.com
... more
1 vote 4 answers Share Flag
Wed Sep 16, 2009
Denny Phipps answered:
Suzanne, remember that a short sale is still a sale. The parties to the short sale are a buyer and a seller. The primary lender, the bank, is an affected party, a critical party, however not a "party" in the contract to sell the real estate. They do have the prerogative to approve or deny the short sale as they determine what is in the best interest of the bank and its share holders.

In prior times, there were words called "escape clauses," which stated, IF "this" happens, THEN the buyer [or seller] can void [escape] the contract. Today such words are called contingencies and have the exact same effect: one party or the other can void the ratified agreement. The contract may have a home inspection contingency, an appraisal contingency, a short sale contingency or some other circumstance required to satisfy and complete the transaction. If one of the parties attempts to void the contract without having such a provision in the contract, the most likely beneficiaries will be attorneys.

In the case you presented, it would be good for the seller if he has an "I don't feel like it anymore" contingency. I suspect there was a short sale contingency. I also suspect that, if the buyer's circumstance develops an ability to make payments or arrange for a loan modification, the bank would [1] prefer NOT to take a loss, [2] deny approval for the short sale and [3] modify the loan, the results of which do not produce a write-off/loss to mitigate.

www.DennyPhipps.com
... more
1 vote 3 answers Share Flag
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