Contact a Realtor who will work for you as a buyer's agent. The Realtor can do a market analysis on the property for you . That particular property is unique. At one time that was a wonderful home with lots of interesting features. Over the years a lot of those features have been destroyed.... more
There are requirements in MD that you disclose information about your HOA and provide a re-sale package. But they (HOA's) are so common it shouldn't be a hinderance to your sale. While you might not see their services on a daily basis, just having an HOA can help a community maintain a standard. For instance if your neighbors decided that purple would be a great color to paint their shutters the HOA would typically step in to get that corrected. For sure, not having an HOA and having neighbors who don't keep up their homes can decrease your property value.... more
Do you have a Trulia account? If so, just log in and you will be able to take it off. If you do not have a trulia account, go to the listing and see what it's source is. It will usually state the web site that provided the listing. Log into or contact that web site provider and ask them to update their records.... more
Talk to a lender about the USDA mortgage program. It is a 100-103% mortgage loan (anything over 100% will cover closing costs) and Washington County qualifies for it, I9;m not positive inside Hagerstown city limits does, but a lender would be able to tell you more accurately. Most lenders will require at least a 520 credit score to qualify you for the loan through their bank. However, I have been told by friends who have gotten this loan that if you can't qualify through the bank, you CAN apply for the loan on your own and have a very good chance of getting it, you just have to do all the paperwork yourself.
Here is a good place to start for information:
Once you have your lending in place, get a good RealtorÂ® to help you search for a home. As your buyer's agent, you do not pay their fee, it comes out of the seller's pocket at the time of the sale, but your agent is only concerned with you. Don't make the mistake of seeing a house you like and calling the number on the sign to see the property. That agent can legally sell the house to you under MD law, but their fiscal duties are to the seller, not you. YOUR agent can show you any property, even FSBOs, and will do your negotiating for you.
Hope this helps!
Kangal Real Estate
The Hagerstown Home Store is a great resource for first time home buyers they have a couple of different grant programs and some soft second loans to help with the down payment & Closing costs for first time home buyers below is a link to their website. I home this helps
James S Stoneham
Jack Gaughen Relator ERA
Kensington properties have been protected by our local economy. I don't beleive property values have decrease in the same range of other more isolated parts in Maryland
To find out the actual value of your property, please feill in the request form below
As the name implies. .it's NO CONTACT CMA... more
The Listing Agent is advertising this home as a short sale fully approved. This would imply that the agent has already spoken with the lender and taken necessary steps prior to listing the property. However, it is ultimately up to the 3rd Party (the lender) to approve the final sale price once an offer is submitted. Here in our office we recently wrote an offer on a similiar home in this neighborhood that was also a short sale. The sale was approved by the lender for a very similiar price as shown on the home you inquired about. This villa is alot of home for the dollars. One word of caution, the tax bill will be higher as it reflects a much higher original assessed value and original sale price. You may have success getting the taxes lowered by filing an appeal based on the new appraised value and official settlement sheet after a purchase is made. I would welcome the opportunity to assist you with any additional questions or arrange for you to see this home at your convenience.... more
A lot would depend on how much you fixed it up. If it's the forclosure one that started at $99,900 it was on the market 92 days before it went under contract. Also what is the neignborhood like? One problem sellers have been having is they find a buyer willing to pay their price and then the house will not appraise. You would have to justify to an appraiser why your house went up in value in 8 months time in a declining market. I am licensed in MD & PA and would be happy to assist you, but sounds like it's going to be a tough one.... more
The stimulus package has not been passed yet and therefore the nuts and bolts of it's application have not been worked out yet but there is speculation that housing assistance may not be comprehensive. here's a good article:
Why There's No Mortgage Help in Stimulus Package
right now there are associations like this one that offer some assistance:
Help My House Payment
this association is offering housing payment assistance
and even has deals on monthly services to help you reduce
bills and save money. associations like this are starting to
pop up as more people need help in the worsening economy.
I'd suggest them to anyone who is looking for some quick help.... more
Once again this comes back to the supply and demand issue. The supply of houses back there has far outpaced the demand, therefore the house values go down. Let me know if there is anything else you need. My number is 888-762-1554.... more
I see that you have a few different questions regarding buying your first home, where to buy and buying a foreclosure.Prices of homes have dropped in price in both counties and there are many foreclosures. Location always remains the key when buying a home. Homes that are closer to DC will hold there value more than homes further out.
You haven't mentioned whether you are working with a buyer agent. A good Realtor will be able to provide you the information that you need to make an informed decision of what is the best decision to suit your needs.
I would be happy to help.
Depending which bank you are with, many of them are willing to do a loan modification. There are requirement for them to do this. Most of the time you have to be currently employed. I have experience as a loan officer for First Mariner Bank of Baltimore, so if there is anything that I can do to help please call me at 301-661-9694 or 888-762-1554... more
I'm thinking you are meaning the 21742 zip code? Antietam crosses more than one zip code, but this is the zone with more than 43 homes that are 3 BR, 2BA. The downtown area doesn't have any 3,2 houses.
Here are some quick stats:
Status: ACTIVE (43)
List Price Bedrooms Baths FB HB DOMM DOMP Lot Sqft
Min $129,000 3 2 2 0 1 1 2,365
Max $359,000 3 3 2 1 497 550 63,598
Avg $261,476 3 2 2 0 114 159 15,200
(DOMM and DOMP mean days on the market)
These numbers are broad and sweeping, they just serve to let you know if the house you are considering is close to the average. Do you have a buyer's agent?, if so, he or she needs to do a CMA (Comparative Market Analysis) for you to make sure this particular house is priced well compared with like houses in the area.
Of course, there is so much more that needs to be clarified, because the neighborhoods within one zipcode are so varied, and houses are so different. Is it a rancher, a colonial, or other? How old is it, how much is updated, what shape are the kitchens and baths in? You have to be specific if you want to compare to other homes. visit my website, if you like, and do a property search in the zipcode and compare homes.
If you don't have a buyer's agent, you need one. Remember, the buyer's agent is paid by the seller, so the obligation is not on the buyer.
If you have a buyer's agent, get them to do a CMA, and show you the numbers.... more