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Home Buying in Washington : Real Estate Advice

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  • Local Info39
  • Home Buying267
  • Home Selling28
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Activity 427
Loraarmstron…, Home Buyer in Washington, DC
Earlier today
Loraarmstrong1977 answered:
How can I get a loan with 595 credit score, I dwn, for a house to rent to own
0 votes 12 answers Share Flag
Mandrell.jam…, Home Buyer in Washington, DC
Wed Jan 4, 2017
Mandrell.james answered:
Can i use my back pay from social security to put a down payment on a house and purchages it?
0 votes 30 answers Share Flag
Susie Kay, Real Estate Pro in Dallas, TX
Tue Dec 20, 2016
Susie Kay answered:
Agent's fee is negotiable so I would suggest that you pick up the phone and call a couple realtors and ask them your question. I just have to make a comment about a few hours of work. Even if you have found your buyer the work isn't going to be a few hours. There's a lot more to it behind the scene to ensure a smooth transaction in real estate. I would suggest that you ask the agents that you are interviewing what else do they do after you have found the buyer. ... more
0 votes 3 answers Share Flag
Susie Kay, Real Estate Pro in Dallas, TX
Mon Dec 19, 2016
Susie Kay answered:
Here in Texas we close at a title company and typically it's the title's job to give clear title.
0 votes 2 answers Share Flag
Arobi88, Home Buyer in New York, NY
Wed Nov 23, 2016
Arobi88 answered:
Yes. In the line of work that federal consultants/contractors do essentially we can always find a job. Though I will say, ALWAYS ALWAYS have more than 6 to 9 months of mortgage and utilities before going into a house and then maintain that when in the house if you can (at the absolute least have no less than 3 months).

I am in that process now.

That type of job security anxiety with government worker during the sequestration in 2012/2013.... and I mean where were they gonna go with the hiring freeze and delayed back pay---had they left then that meant into the world of contracting and less job security than the fed. However, with me being a contractor I had savings and a new contract within the next month.
... more
0 votes 1 answer Share Flag
Mitchabear1, Home Buyer in Washington, DC
Tue Nov 15, 2016
Mitchabear1 answered:
ICan I qualify for a Veterans home loan on a mobile home in a mobile home park in California??
0 votes 6 answers Share Flag
Bola Williams, Real Estate Pro in Chevy Chase, MD
Wed Oct 19, 2016
Bola Williams answered:
Victoriaannhunt,

If you are still looking to get into your first home please feel free to reach out to me, I know about a few down payment assistance programs that can help you get into your first home! I would be happy to help.

Thanks
... more
0 votes 1 answer Share Flag
Gmorgan, Home Buyer in Washington, DC
Fri Jul 29, 2016
Gmorgan answered:
yes u can use ur own realtor..banks hate naca
0 votes 12 answers Share Flag
Alexawhiteb, Home Buyer in New York, NY
Tue Jun 7, 2016
Alexawhiteb asked:
I can only seem to find the median. I would like all of the information about each zip code's AVERAGE sale price. It would be perfect if I could find them by year.
0 votes 0 Answers Share Flag
 Mark, Real Estate Pro in Oceanside, CA
Fri May 13, 2016
Mark answered:
The best way to find out the going real estate commission rate is to put the Realtor fees on the open market and let the Agents bid your commission rate. Commission fees are negotiable and can vary by zip code. We find the best way to compare commission fees is to reverse-auction them. That is why we created ListingBidder.com; a free service for Sellers who can invite agents to submit their marketing plan and commission structure. It is a patent pending process that is saving Sellers thousands.

It is completely free to the Seller and there is no obligation for the Seller to pick the lowest bid or any bid. The whole time the Seller remains anonymous as we never publish your street address or contact information. Sellers can sit back and review marketing plans, commission bids, ratings and reviews. A big win for the Seller. After all, Agents are not charged to register or bid and they have no obligation to bid. Give it a try: https://www.ListingBidder.com
... more
0 votes 11 answers Share Flag
Kathy Burgre…, Home Owner in Westchester, NY
Fri Mar 18, 2016
Kathy Burgreen answered:
As a former realtor, the truth is realtors control what information is published to websites and what is hidden. Realtors want consumers to contact them for specific information like HOA fees, pets allowed or not, pool access, handicap access, accurate school information, etc.

Therefore, you will have to contact a realtor and have them email you listings with your specific criteria.
... more
0 votes 1 answer Share Flag
pcalice, Home Buyer in Washington, DC
Thu Mar 17, 2016
pcalice asked:
Hi, I am considering buying a condo in DC and learnt that across the unit there is a mechanical room operated by a different management company, which produces noise that can be felt in…
0 votes 0 Answers Share Flag
Marvin Brown, Home Buyer in Brookport, IL
Thu Mar 17, 2016
Marvin Brown answered:
If's it's a distressed property offer whatever you feel like. Just remember that once you make an offer you can be held liable for it. Start with a very low offer and never commit "good faith" or "hold" money to the property. Remember in most cases these homes belong to banks that in addition to holding the title are also responsible for annual property taxes not to mention maintenance and upkeep of the property. In many cases, particularly in HUD foreclosures, the bank has already received a significant percentage of the market value of the home. The banks are in the process of attempting to undo the damage they did to the housing market during the "sub-prime mortgage meltdown". They hold title to all of this property now but along with the ownership comes the responsibilities. To say that it's a buyers market would be an understatement. Good luck ... more
0 votes 24 answers Share Flag
Bola Williams, Real Estate Pro in Chevy Chase, MD
Wed Mar 9, 2016
Bola Williams answered:
Hi Nenet97,

It would all depend on what the month cost are for those specific loans, the lending arena has become a bit more strict however and loans and debt are calculated in certain ways.

Your 41k income may be calculated differently, for example if you are a teacher making 41k you are not being paid during the summer and you pay into a union (if you are a teacher in Montgomery County, MD) so your 41k would have more deductions than someone making 41k working a traditional 9-5 schedule.

Your best bet would be to call a lender and talk with them about what you might be approved for.

Feel free to reach out to me and I can put you in contract with two or three lenders that may be able to help you and possibly get you some first time home buyer grants or loans to help with closing cost.

Thanks
... more
0 votes 1 answer Share Flag
Amelia Robin…, Real Estate Pro in Falls Church, VA
Wed Feb 10, 2016
Amelia Robinette answered:
Down payments for primary residence, conventional financing can be as little as 3%. It all depends on what loan programs you qualify for.

Debt to income ratio should be under 50%

Some lenders allow for 1 month rental history to count the income, again, depends on lender and loan program.

You should call a couple lenders to find out your options and create a plan from there.

any credit score over 740 doesn't really get you anything better.
... more
0 votes 1 answer Share Flag
Amelia Robin…, Real Estate Pro in Falls Church, VA
Fri Jan 15, 2016
Amelia Robinette answered:
all realtors don't work for only sellers - you need to find a buyer's agent that will represent only you. do not contact the listing agents of properties. do some research and find a great buyers agent who will educate you about the process and take you through each step.

there are hundreds (probably thousands) of buyers agents in DC
... more
0 votes 1 answer Share Flag
Jh2889, Home Buyer in Temple Hills, MD
Sat Dec 26, 2015
Jh2889 asked:
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