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Home Buying in Potomac Falls : Real Estate Advice

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Activity 7
Thu Apr 12, 2018
Nmarks265 answered:
We have been pre-qualified for a mortgage. We have had previous credit issues due to the real estate down turn years ago However we are now stable and have great jobs, money in the bank and we want to buy again. We found a lender who would work with us to buy a home. Now the developer who has a large waiting list wants us to get pre-qualified again through the builder Hah, this is so frustrating we looked high an low to get approved and now fear the worst that their lender wont approve us. Is this legal? Just because they don't have a lender that will approve us, It's not our fault. I have an approval to buy. How is this legal ??? How can a developer dictate my future and financial status, I don't care if they have incentives or not.
This is discrimination!!!!! Anyone have any ideas?? Help
... more
0 votes 12 answers Share Flag
Mon Feb 20, 2017
Tabletaraw asked:
Mon Dec 15, 2014
Michelle Trebat answered:
Plain & Simple: The Commission Agreement is between the seller (the builder) and the broker (real estate company) -- not between the seller (the builder) and the buyer; therefore, this is not an agreement that is possible for a buyer to negotiate as the buyer is not a party to that agreement. However, the buyer can negotiate his/her Purchase Agreement with the seller (the builder). ... more
0 votes 20 answers Share Flag
Wed Sep 21, 2011
John Burke answered:
Hi Chris,

It depends on a few things.

What kind of loan do you have on your townhouse?

What is reason for the upgrade? Has your family out grown the townhouse?

How much do you have for a down payment?

Can you qualify for a new mortgage while still paying the existing without including rental income from the townhouse?

Are there any other reasons for moving, like relocating for work or to be closer to work?

You need to have a mortgage professional go over the details with you to see where you stand.
... more
0 votes 8 answers Share Flag
Fri Oct 15, 2010
jo answered:
Here in Los Angeles, there are places where mile to mile you go from slums to million $ homes and then back again...Is it on a hill? View? Shops? Neighbors? Everything plays a part.
0 votes 9 answers Share Flag
Thu Nov 5, 2009
Erin Kavanagh answered:
Thu Jan 1, 2009
Vicky Chrisner answered:
Celtic Gal - you are buying the home with the illegal tenants? Before you buy, there's not much you can do. I probably wouldn't settle until the illegal occupants were gone. However, if you chose to, then you'll need to evict them. Your real estate agent should be able to put you in touch with an attorney who can advise you as to the quickest way to get them out. ... more
0 votes 6 answers Share Flag
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