Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Buying in Kensington : Real Estate Advice

  • All15
  • Local Info1
  • Home Buying5
  • Home Selling1
  • Market Conditions1

Activity 20
Wed Feb 12, 2014
Chris Jost answered:
Please Keep RADIATION DATA in Skillman NJ in mind for ALL Radon Testing/Remediation , Basement Waterproofing & Mold Testing/Remediation. 1-888-Radon-Gas .
0 votes 9 answers Share Flag
Tue Feb 11, 2014
Piero Marinucci answered:
That depends on a lot of factors, Pat. Is it a primary residence? An investment? How long has it been either or both and how recently?

You can probably get basic advice from a Real Estate professional, but as the others have said, you really should be asking a CPA. I'm happy to recommend a great one located in Wheaton if you're interested. ... more
0 votes 4 answers Share Flag
Tue Feb 11, 2014
Joseph answered:
Wayne yes it is very possible not only the closing costs be paid by time you go to closing but all your settlement fees paid as well and all you would have to do is pay your down payment.

I have had a number of clients we worked out our deals for this to happen call me and I can explain how 443-303-7573.


Joseph


Joseph A Ray
NMLS # 204912 Branch ID 197553
Branch Manager Maryland Licensed in MD, DC
Sutherland Mortgage Services, Inc. NMLS # 9891


10015 Old Columbia Rd, Suite B215 Columbia, MD 21046
cell +1(443)303-7573 fax +1(866)833-4210 office +1(410) 290-6244 CLICK HERE TO APPLY NOW

2013 – RECEIVED THE “PINNACLE AWARD” BY THE BBB, WHICH IS THE HIGHEST HONOR IN REAL ESTATE CATEGORY
2012 – AWARDED AS “WINNER OF DISTINCTION” BY THE BBB.
... more
0 votes 2 answers Share Flag
Sat Dec 28, 2013
Thom Colby answered:
Sat Dec 28, 2013
Donna Kerr answered:
Every home inspection is different but you shouldn't expect there to be no issues even if you are buying a new home! Home ownership is ongoing and issues constantly come up that you have to deal with. Having a trustworthy source for service providers is key! Having an agent that has experience with home renovation, maintenance, and construction is also extremely valuable. There is almost no issue that cannot be dealt with. All is takes is time and money....just a matter of how much and who does the work. You want both quality and value. ... more
0 votes 7 answers Share Flag
Sat Dec 28, 2013
Donna Kerr answered:
In my experience sellers countering at full price happens when the house has just hit the market and there is a lot of activity, if the price is below market or if the offer is super low ball. Not every seller is pressed to sell and if the price is reasonable in a good market, the gamble to stick to his or her price may pay off. You would know by examining comparable sales or if other buyers are willing to pay. ... more
0 votes 16 answers Share Flag
Sat Dec 28, 2013
Donna Kerr answered:
When buying new construction, always try to get a home inspection before the close in of the walls so that the inspector can see the plumbing and electrical wiring as well as the bare bones. You should also have a final inspection once the work is complete. Investigate the builder thoroughly. His or her performance on other homes is a real tell as to the quality of the latest product. I would expect a quality builder to complete a home in well under a year. ... more
0 votes 10 answers Share Flag
Sat Dec 28, 2013
Donna Kerr answered:
It's basically the bank's way or no way, however, you may be able to purchase at a price significantly below market value for a standard sale. It really is a case of buyer beware. The best advice I can give is to hire a good home inspector so that you know exactly what you are getting into. My experience is that they love their forms and addenda, but usually work with you in doing the right thing. ... more
0 votes 7 answers Share Flag
Sat Dec 28, 2013
Donna Kerr answered:
The tax assessment is not necessarily related to the market value. Unless the property is sub dividable, the fact that it is bigger than other lots does not add a lot to value. For some buyers, this could be a huge problem if they have to care for a larger lot than they need in which case would have a negative effect on value. ... more
0 votes 6 answers Share Flag
Sat Dec 28, 2013
Donna Kerr answered:
A Veterans Affairs loan is the only loan I know of that offers 0% down with no MONTHLY monthly insurance. You would have to pay a Funding Fee which is rolled into the loan amount.
0 votes 4 answers Share Flag
Sat Dec 28, 2013
Donna Kerr answered:
The assessed value can often be very different from market value so I it is hard to know whether offering $60k over the assessed value is reasonable. In the end, it's the sellers decision to make as to whether your offer is reasonable to him or her. Each seller has a different bottom line. ... more
0 votes 10 answers Share Flag
Fri Feb 22, 2013
Your Solar Realtor answered:
One factor is based on the schools performance and community support.
Take a look at how Kensington schools are ranked.
0 votes 6 answers Share Flag
Fri Feb 22, 2013
Your Solar Realtor answered:
0 votes 4 answers Share Flag
Fri Feb 22, 2013
Your Solar Realtor answered:
View kensington market trends.
0 votes 8 answers Share Flag
Thu Feb 14, 2013
Your Solar Realtor asked:
Sun Oct 26, 2008
Bruce Lemieux answered:
Hi Sandy,

Modular homes in Montgomery County are very rare. I would say there's a general bias against modular homes with buyers. There's a general perception that the quality is not up to par with site-built homes. In reality, however, the construction can be superior in many regards. Since these are transported, the framing must be sturdier given that it's shipped from a factory. Modular home builders also have the opportunity to do a much better job of quality control since the homes go down a factory line with very skilled employees that do the same thing (plumbing, drywall, etc) over and over again.

I've always expected that we would see more and more modular builders given the big advantages they have. However, the economics just haven't been there. To be cost effective, the 'factory' has to be within so many miles of the home sites. If it's too far, all economic advantages evaporate with increased shipping costs. I believe that a couple of our big local builders - NV, Pulte and maybe others - are doing more to assemble house sections in a factory and delivering them to the building site.

OK, so what do you do?
#1. Check out the builder. You should even visit the factory if possible. Get references from previous homeowners that have been in their home 5 years. What has their experience been?

#2. For re-sale, be aware that some buyers may have a bias against modular homes. So, when you buy, I would negotiate lower than if it were a site-built home. Having said that, given that modular homes are so rare here, very few buyers or agents are familiar with this type of home. When it's time to sell, they may not even know its modular.

Good luck - I hope that helps.
... more
0 votes 2 answers Share Flag
Fri Aug 22, 2008
Realtynovice answered:
My previous answer was not very helpful, alow me a do-over. Our radon was level 30 and was reduced to 1.1 ($975). I would suggest you researdh it on the net to educate yourself. Radon is a natural occurace--everything decays and as it does, it releases radiation. Common radon levels outside are approx .03. Only if radon levels are above 4.0 is remediation recommended, so I doubt the sellerts would make it a contegency of sale that it be reduced from 3.3. Find a mitigation contractor who will guarantee to get it to whatever level you are confortable with--like 1.5 or less---I contacted 3 and all had no problem guaramteeing this. Remember to put this in some perspective--everything we live with ahs some adverse implications. Don't drive yourself crazy, you don't want to live in a bubble. I'm not saying to put you or your children at risk--but if you can abate to around 1.5 or lower, you where being a responsible parent. ... more
1 vote 10 answers Share Flag
Fri Aug 22, 2008
Carolyn Thompson answered:
You can always ask? I feel the same way. Radon is a poisonous gas!

If Asprin were up for approval today the FDA would not approve it. The govt. tries but makes mistakes.
1 vote 5 answers Share Flag
Thu Jan 24, 2008
Gary J. Rudden answered:
Rob:

Please call me or email me, and I will put you in touch with the agent from 10129 Crestwood. The homes were completed by two different builders!

Gary J. Rudden, Broker/Owner
Congressional Residential Realty
(240) 403-3099
Gary@crrealty.net
... more
0 votes 3 answers Share Flag
Search Advice
Search
Home Buying in Kensington Zip Codes

Followers

212