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Home Selling in Laurel : Real Estate Advice

  • All108
  • Local Info15
  • Home Buying34
  • Home Selling1
  • Market Conditions4

Activity 12
Fri Jan 23, 2015
dustedangelz answered:
NACA is horrible. They are slow, demanding, and unapologetic. A task that would take most people hours takes them weeks. And in the home buying process, these kinds of delays can cause deals to fall apart. In my area very few people will sell to buyers hoping to finance through naca because they are just slow moving. Do you want to close on the sale of your home in 45 days or 6 months? If the former, then find a buyer not using NACA. ... more
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Thu Mar 13, 2014
Akin Falodun answered:
I live in the 20723 zip code and one of the TOP short sale agents. Right now I have over 20 listings I am working on. I will be happy discuss with you further if you have any questions. You can email me at Afalodun@ExitRightRealty.com or call me 202-409-2884 ... more
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Mon Nov 25, 2013
Corey Lancaster answered:
No, it is not customary to pay your agent another commission unless you agreed to in writing with his brokerage.
0 votes 4 answers Share Flag
Wed Oct 5, 2011
Steven Ford answered:
Ben's answer was spot on.....and the chance of contesting an FHA or VA appraisal and getting it moved higher is possible...but not likely.

The primary reason a seller would want the appraisal would be to know if the appraisal came in higher than the agreed upon price....I simply tell the Listing agent we have no problem with value and here are the repairs, if any, required by the lender. ... more
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Mon Sep 12, 2011
Steve Queen answered:
Please take a second and view my past success with short sales. Many agents want to assist and try to assist but not all agents have the knowledge, experience and a proven success rate with short sales. You can receive some basic information on short sales through my web site http://www.stevequeen.com or google http://www.stevequeen.com blogs and receive very accurate in depth information. Feel free to call me at the numbers referenced below for any additional information or to set up an appointment. Thanks and good luck.

Because buying or selling a home is a big decision, Steve Queen with Exit Bennett Realty is your Real Estate Expert in Bowie, Upper Marlboro, Greenbelt, Lanham, Laurel, Glenn Dale, Crofton, Glen Burnie, Clinton, Hyattsville and all other cities in Maryland and the District Of Columbia. You will have step by step guidance to access resources to make the transaction smooth. Call me today at (202) 367-4348. You are my #1 priority. Please give me the opportunity to prove it

View foreclosures, homes for rent or purchase as well as obtain valuable information on the home buying and selling process at www.stevequeen.com. I specialize in Short Sales.

Steve Queen Real Estate Professional
Exit Realty 100K Yearly Club
Prince Georges County Silver Award Winner
Prince Georges County Distinguished Sales Club Member
Cell (202) 367-4348
Office (301) 459-5040
Fax (301) 576-4599
Email: squeenofexit@aol.com
View Properties Here: www.stevequeen.com
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Mon May 16, 2011
... answered:
I could not have answered this any better than Joyce.

If the bank is looking for a certain dollar amount and falls short because the seller stopped paying their mortgage then they would usually be looking to have that made up somewhere. The closing attorney will be able to determine how much when the bank's payoff statement is received.

It's a good question and it may affect how much you would need to pay, but such surprises are the nature of short sales. There's nothing "short" about them save for the amount that is being paid to settle the existing debt. There's also a possibility of a second mortgage, mechanic's lien or other encumberance being on the title.
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0 votes 12 answers Share Flag
Thu May 21, 2009
Dearestguardian1@aol.com answered:
You would think all the fees that a realtor pays out,example IE mls the information on the bank sales would be public.I imagine the court house eventualy would have the data.Surley the county .The problem is with the tax assesments.They will have to bring them down.I say BOYCOTT the mls and form your own! ... more
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Wed Jul 30, 2008
Brian Pakulla answered:
A real estate agent can print out all the sales in the last year in your neighborhood. If you want to send me your neighborhood name, I will send you all the sold listings in the MLS, in your neighborhood, with listing agents names, since July 30, 2007. ... more
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Fri May 23, 2008
Patti Shawgo - Loan Officer, Grant Program Guru answered:
The buyer's lender is really the one that orders and owns the appraisal, and you may want to see if you can speak with him/her since there is no agent involved for you.

As long as the buyer is not getting an FHA or VA loan, there should be no issue with getting a second appraisal completed. If it is FHA/VA once the appraisal is registered for a property you can't have a new one for 6 months. You can get the appraiser to adjust things on that appraisal, just no new appraiser.

However, PG county is considered a declining market by lenders/appraisers and be prepared for some scrutiny of a new higher appraisal if the comps are being forced a little bit to make it work.

As a side note....are they first time home buyers? have they looked at programs to help with closing costs that you wouldn't have to give a concession for? if they are, check out: www.morehouse4less.com that is a state program and can give 2% or 3% grants. That program is called CDA, but there are a bunch of other programs as well, if they are 1st time buyers and fit within the income guidelines.

Good Luck!
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Thu May 22, 2008
Keith Sorem answered:
Brenda
Did your Realtor meet the appraiser at the property? Many times Realtors can provide appraisers with market insights that are very helpful. If your Realtor did not, that is an issue.

I favor the approach of determing which comps were omitted and ask for a review.
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0 votes 10 answers Share Flag
Mon May 12, 2008
Tiffany Burke answered:
If a quick sale is what you after...(and this is painful, I know but you ask) you will need to get your home in good cond. to compeate with other homes in your area that are curently on the market; then price it a little under market value. If it is in good condition and shows well, you should get offers with-in the next several weeks.

Do what you have to do and best of luck with whatever that is, Ephrem.

Wamest regards and blessings,
Tiffany
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0 votes 3 answers Share Flag
Thu Dec 13, 2007
californiabrokerjd answered:
It depends. Short sales are designed to assist distressed homeowners who have no personal assets they can use to pay their mortgage and keep their home. Occasionally, a lender will allow a short-sale on a property where the owner owns other property, with the stipulation that the forgiven amount becomes a cross-collateralized loan on the other property. Since laws vary from state to state, please consult a real estate attorney to advise you before accepting the bank's short sale approval. ... more
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