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20165 : Real Estate Advice

  • All26
  • Local Info2
  • Home Buying10
  • Home Selling2
  • Market Conditions0

Activity 24
Mon Feb 20, 2017
Tabletaraw asked:
Mon Aug 8, 2016
Henry Carmona answered:
I know this is an old post but,
This is NOT legal, not even for a Pre-qualification.
RESPA is specific on requiring (pre)qualifications.
0 votes 11 answers Share Flag
Wed Jun 1, 2016
Shlomstein asked:
It is 20471 Blue Heron Terrace, Sterling, VA 20165 and I need to add "there is a tenant on the first floor"
0 votes 0 Answers Share Flag
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 Oct 29, 2014
Matt Shultz answered:
Hi Steve. I'm not certain if you have sold your house by now. However, the encouraging news is that home prices have increased in Sterling since your post. I am a long-time resident of Sterling/Potomac Falls and available to give you a free comparative market analysis of your home. Let me know if I can be of assistance.

Best,

Matt Shultz
REALTORĀ®
Cell: (703) 300-0367
Office: (703) 669-0099
Fax: (703) 669-4104

Keller Williams Realty
50 Catoctin Circle NE
Suite 101
Leesburg, VA 20176

Licensed in Virginia

Matthew Shultz

Visit my website at: www.MattShultzHomes.com

"Like" my Facebook page at: www.facebook.com/MattShultzHomes
... more
0 votes 2 answers Share Flag
Wed Oct 29, 2014
Matt Shultz answered:
Hi Robinson. Have you had any success in locating an apartment, thus far? I have a few helpful suggestions for you. My contact info is below, should you require assistance.

Matt Shultz
REALTORĀ®
Cell: (703) 300-0367
Office: (703) 669-0099
Fax: (703) 669-4104

Keller Williams Realty
50 Catoctin Circle NE
Suite 101
Leesburg, VA 20176

Licensed in Virginia


Visit my website at: www.MattShultzHomes.com

"Like" my Facebook page at: www.facebook.com/MattShultzHomes
... more
0 votes 3 answers Share Flag
Wed Jul 2, 2014
Vjsshabi answered:
Have a nice day,

I want to do BPO orders from anyone company please give me the details.
0 votes 12 answers Share Flag
Sat Jan 11, 2014
Phil Rotondo answered:
Respectfully suggest you read the Community Guidelines for the Q&A section.
0 votes 1 answer Share Flag
Mon Sep 10, 2012
Linda Treese answered:
Hi Alia - yes, that information can be provided by a Realtor in the area. Please contact me if you haven't received this information yet, or if you wish to list your property for rent. I would be happy to assist you. I used to live in Sterling and I am very familiar with the area.

Linda Treese, Realtor
Prudential PenFed Realty
4 E. Colonial Hwy
Hamilton, VA 20158
(m) 703-943-6124
www.linda.treese.pfragent.com
... more
0 votes 1 answer Share Flag
Wed Apr 27, 2011
Ben B Sadtler answered:
Saba,
It does not cost you anything out of pocket to reach out to a Realtor in Leesburg, VA and find out how "wonderful" the market is. That is the extent that the Realtor can help you. It is up to you to look in to other factors that may influence your buying decisions. However, a local realtor can point out websites that that may help your buying decisions.
Good Luck!
Ben Sadtler
... more
0 votes 2 answers Share Flag
Mon Nov 8, 2010
Paul Anderson answered:
The PMI will be their loan amount.
Same for purchaser's
0 votes 9 answers Share Flag
Sun Nov 7, 2010
Dan Tabit answered:
@Robin,
I stand corrected. I show one lender who doesn't offer it, but another only charges .5 adjustment on 3,5 & 7 year adjustment.
Babs, this means that you'll pay a slightly higher fee for intersest only compared to a fully amortized loan but it would lower your payment nicely compared to fully amortized. ... more
0 votes 4 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
Tue Mar 16, 2010
Lisa Moroniak answered:
Average Days on Market for overpriced listings in 20165 is 166, while the same homes priced spot-on are sold at a median of 20 DOM.

Why not shell out $400 for a proactive appraisal...then price your home to sell rather than continually adjust to "chase" the market (only to sell it for what you should have months prior!)?

You can expect to compromise on the delta between the contract price and appraised price if it comes in lower.
... more
0 votes 12 answers Share Flag
Tue Nov 10, 2009
Carl Henker answered:
The max FHA loan for your county is $729,750 so you can expect to obtain a standard rate on and FHA loan. Look for rates just below 5% today depending on points or no points. The $417,000 loan amount referred to is for a conforming loan not FHA. Look for a local lender and get your self pre approved before you go home shopping. Good Luck ... more
0 votes 4 answers Share Flag
Thu Nov 5, 2009
Erin Kavanagh answered:
Sun Feb 22, 2009
Monika Kumar answered:
Olly,

I have done and am doing many short sale and live in Sterling VA.

Here are few things and a bottom line that you should consider as far as my experience goes ;-

If you plan on keeping the house you have and renting it ;
In a recent check with similar situation of my clients Lenders Wells Fargo and Suntrust wanted them to have A) Twelve Months of Mortgage Reserve on their current house that they will be renting - menaing - $24000 for your case
B) 4 months of Reserve on New house- assumming your SFH payments are $2500 X 4 =$10000
C) That means having $34000 Cash in Reserve and then Downpayment and closing cost for SFH
D) Then you should also qualify 40% Debt to income Ratio on conv. anf 50% on FHA

If you plan on short sell the house -

It can be done but as far as I am aware you have to wait 2 Yrs. to buy next home and do the right things to build your credit. .
Some of my clients are coming close to 2 yrs of short sale so I would know in real time but so far these were the guidlines I was told. Short sale Only on the credit of the BORROWER not the person on the deed.
I will know better if I know your situation in detail but with the info given here I feel you may want to discuss option with right people before you take your next step.
BTW if you have not owned a home on last 3 years you are considered first time homebuyer.

Rgrds,
Monika'
703 626 3327
... more
0 votes 4 answers Share Flag
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