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20601 : Real Estate Advice

  • All15
  • Local Info0
  • Home Buying6
  • Home Selling4
  • Market Conditions1

Activity 13
Mon Jan 30, 2017
Malcolm Lawson answered:
Section 8 is tricky as for landlords because they require additional inspections by the county that must be met. Because of this many landlords prefer not to rent to them. In chalres county they can do this, however in PG county they can not. In PG county there is a law saying you can not discriminate against potential tenants based on there source of income. This means they can not turn you away because your income comes from section 8. ... more
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Sun Jan 29, 2017
Terri.cullen asked:
I would be willing to look at apartments and houses for a family of four with a miniature poodle under 40lbs
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Sun Jan 1, 2017
Malcolm Lawson answered:
When you signed a listing agreement with your realtor they should have provided you with a copy. If not, ask them for a copy and read through it. In all listing agreements I write up I include a clause that pretty much says either party can terminate the agreement with a simple written statement stating there wish to do so (such as an email). If your realtor is a nice person it should be that easy. If you find a copy you can email it to me and I can take a look at it for you.

A word of warning though, selling a home yourself can be challenging and statistically don't sell as quick or for as much as homes sold by realtors. Perhaps you should try working with a different realtor?
... more
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Tue Nov 15, 2016
Atxaviermartin answered:
Well, it all depends on the kind of loan you are going for. You might get approved for any type of loan, but what matters is the rate of interest. If you are going for a VA Loan, then given these factors, I would say that you would get a really affordable loan. ... more
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Mon Nov 14, 2016
Malcolm Lawson answered:
If they similar in size and style as yours then $355K may be very doable. Short sales almost always sell for below there true market value. If you tell me the address and give me an idea of the condition of your interior, I could run a market analysis to give you a better idea of what your home is worth. Why are you moving to Charlotte NC? I have a grandmother and two uncles who live down there.

If you are looking for an agent to help you sell your home I would love to apply for the job. I am part of a family team here in Maryland. You can find out more about us at
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Sun Aug 21, 2016
Eat-more-kale answered:
I do it both ways. In California its is easy fore a buyer to sue a seller for false representation but ti is much more difficult to sue an agent or broker. I like to hide behind the skirt of an agent and let them deal with the lawyers. The hundreds of pages of broker contracts are designed to handle disagreements and many have arbitration clauses embedded in them. In addition, agents must have errors and omissions insurance policies which can cover most complaints. I found 95% of agents only care about themselves so I take advantage of this fact. There is no reason to fight this "profession". I make sure I NEVER allow an agent to know my financial position, and reason for sale. I know that lose lips sinks ships and one little wink and nod will bring dozens of low quality and low ball offers so the listing agent can make a quick buck. I actively promote my properties and have some rules. I always ask above comps and yet I always sell fast..! Why? I send in my own highly qualified buyers who always have a "dumb" contingency that I do not accept. This helps the agents feel honest when they shout "Highest and Best", we have three cash offers at the asking price-- AND THEY DO. But all have tiny little contingencies that are able to keep the fans of competition heating while a dumb buyer is ready to take the plunge. What about loan appraisals? " What do appraisers know?" I borrowed this phrase from agents. Sellers who are MOTIVATED will make up the difference and I will sell at my price every time. I also encourage the listing agent to get greedy and NOT publish my listing so they can get some nibbles on the bait before my listing is published. Reason stated? I don't want just anyone ---child molester, robber or thief walking through my house with any two bit agent they find at the unemployment office. I steer my own potential buyers to the agent and let them spin their stories like :" I hear they ain't building houses in this area anymore" or " mortgage interest rates can not go lower so that means prices will increase when interest rates increase". There are hundreds more of these little gems that I have heard over the years. All I need is ONE motivated and qualified buyer and I am GONE...with my money. ... more
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Wed Apr 20, 2016
Soulful40 asked:
...but it is in need of some cosmetic repairs that we really don't want to sink money into if we don't have to, so that we can save up for the down payment of a new home. What can we do?…
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Tue Sep 15, 2015
Barbjwhite_26 asked:
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Thu Aug 1, 2013
Miekeba Jones answered:
Hi Digitalarmsdealer, consult a Realtor and your lender to get an accurate current market price of the home. Keep in mind that when you do a short sale you will not have good credit for possibly 3 years. ... more
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Thu May 31, 2012
Ariana Loucas answered:
You have a great question. You may think you can offer that much lower but in reality you cannot. Banks are very strict about what they will accept in a foreclosure. Are you asking for closing help too? If so, that would be 2 strikes against you, offering so much lower, and requesting closing assistance to be paid by the seller. If you're approval is for $350,000, stick to no more than $36
0,000. The steals are that you're getting the home at the price, when most likely the seller paid $100,000-$200,000 more than it's current asking price. You're getting the steal from what they paid. As long as your agent has been in business for several years, experienced in foreclosures, short sales and truly has closed many houses in their time in business, trust them. If it's not a good fit, then you can certainly interview for a new agent. Best of luck!
Ariana Loucas RE/MAX
... more
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Fri Jul 11, 2008
Bill Wootan's Team One answered:
Send me your email address and I will put you on our weekly investor mailing list - its free so it fits with your cheap - lol - and we have monthly investor seminars - again free, and if I get a sponsor, they feed us too! We deal in pre foreclosure, REO's and all the ways you can deal with banks! We teach you all for free - we just want your business and the business of your friends too!

Bill Wootan - Leader of Team One
Century 21 H T Brown Real Estate, Inc.
... more
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