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Home Selling in Woodbridge : Real Estate Advice

  • All198
  • Local Info17
  • Home Buying60
  • Home Selling6
  • Market Conditions9

Activity 14
Fri Jul 3, 2015
Javier Montiel answered:
You have to be a Realtor to advertise a home for sale on Trulia.
0 votes 1 answer Share Flag
Tue May 13, 2014
Diane Varni answered:
Militarybyowner.com is a great site - I get more bang for rentals than sales but it is a great site. Military like military. As a Veteran myself I support this site. There are other great military sites for rentals. You can do it all on your own or you can do it Military By Owner/ with Agent. There is no difference in presentation but there is a difference in who gets the call. I would question the Agents reluctance. They may have a reason or they may believe this is not the best presentation. It is your home and you can negotiate how you want it presented. I had a client who already had their home on this site when they hired me. We agreed that if they got the buyer thru that site there was no buyer side commission. That is an exception, but one I chose was in my clients interest at that time.

No agent should tell another agent how to do their business and you should look how this integrates into the advertising on your home.

You can ask other agents a direct question and they can answer that question. I agree with the buyer/seller below that stated moving every few years puts the military at a disadvantage in some ways, but our military community counteracts that. Our connections and word of mouth can make the difference in selling a home.
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0 votes 18 answers Share Flag
Tue May 13, 2014
Diane Varni answered:
As others said your LEASE is in first position. You can sell to someone else who wants a rental - the tenant does not have a say in that situation. Most buyers are owner occupants and their loan would only allow a small amount of time for the home to be rented prior to occupancy - so unless the tenants are willing to move you may not be able to sell to that type of buyer. PLEASE HOLD YOUR FINANCIAL INFORMATION CLOSE until you choose an Agent. That Agent will safeguard your personal information and make recommendations that best meet your needs and requirements. Your loan, amount owed, terms of the lease, timing are all factors here that have financial implications for you. Do not let others nay say you - because your situation is not the same as others.

I work with many investors and handle rental properties for a number of owners - including some who would rather not be landlords. They are waiting for prices to rise high enough for them to sell without brining money to the table. I have others that still have equity and could sell their rentals at anytime regardless of the lease terms.

Flexibility and knowledge are your hallmarks here. You need an experienced professional. Chose the one YOU TRUST - that is the only way to explore your options before you make a decision. I am here to help.
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0 votes 10 answers Share Flag
Tue May 13, 2014
Diane Varni answered:
Be very careful about your needs and expectations. Owners and Renters have very different views on this. If may or may not be a smart decision for you. Also people get confused - Lease Purchase, Contract for Deed, and Lease with first option are very different and have both risks and advantages that may help you or not. Your loan information is not the buyers business but it can impact what you do. Also you need to ask WHY TO SELL THIS WAY in the market with prices still low but rising. The buyers wanting this usually have financial issues. You do not want their issues to be yours. You need an agent who understands these and a settlement office that goes above and beyond to PROTECT YOUR INTERESTS. Please do not be led down the path of good expectations. When rates and prices are high - this makes sense for sellers. Not so much at this time.

I have helped these be a win-win for the owner and the buyer.
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0 votes 7 answers Share Flag
Tue May 13, 2014
Diane Varni answered:
I recommend having the agent see the property and let them tell you which things will make a difference in your market and price range. Agents can look beyond the daily living in a home, buyers can not. They can tell you if things need to be rearranged or just picked up. That project you always wanted done may not change your price or it may make a huge difference. Agent should walk thru the house and help you make a list of what to do and how to showcase the best features. This may involve a "stager" or it might just be simply bright flowers near the entry. It is also different in what a buyer expects to see at a townhome, single family detached or condo.

When I go thru a home with the owner we discuss in every area what needs to be done and the "little tricks" to make that area looks its best. Separately photography should be done with a good hi res camera and you should be able to review the photos and print information so you know what is being said about your home and that only appropriate things show. A wrinkle in the bedspread is a concern for some and not for others - it is your home and you need to be comfortable with the presentation.

Also taking photos on different days in different light allows for advertising to be directed to different groups of buyers. This time of year the yard is critical for presentation.

Give me a call if you would like my services. I live and work in Woodbridge.
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0 votes 15 answers Share Flag
Tue Sep 24, 2013
Matt Roy answered:
Hi Joe,

Like many of the other posts I would first advise that if you price the home right you stand the greatest chance of success. While it may have worked well for you in the past doing a FSBO, in general the odds are stacked against you in that scenario - it sounds like lightning has already struck three times for you. In reality the assumable loan probably won't hold much appeal as in most cases the current rates are better. I too would recommend you find a realtor, but the flat rate MLS listing and paying at least a 2.5% buyers agent commission would greatly enhance your chances of success, because now like a good listing agent you have a wide range of buyers agents working to bring you buyers.

Hope that helps and good luck!
Matt Roy
Realtor
Weichert Realtors
www.mattroy.info
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0 votes 11 answers Share Flag
Wed Dec 12, 2012
Ann Shack answered:
If I read this correctly, you have a potential buyer but he does not qualify for a mortgage and you want to know what to do? If you definitely want to sell this house to this buyer, one option is called a lease-purchase. The buyer gives you a large deposit, which would be used toward the downpayment at the time the sale actually goes through, but it protects you in case of any damage that might occur while you still own the property. You would charge a rental fee to the buyer for a fixed amount of time and then complete the sale at the end of that time. So you might give the buyer 2 years to rent at a fixed rental price with a pre-determined sales price. This would all be written into an agreement and a deposit of $5,000 or more would be held by you in escrow. There are more legal details, but this would give the buyer 2 years (or more) to clean up his credit and if he can not buy the house at the end of that time, he would have to move out and you could sell it to someone else.

I would be glad to help you explore this more, and talk with you in more detail about your plans. Just give me a call at 703-966-4463 and we can set up some time to discuss this in person.
Thank you, Ann
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0 votes 5 answers Share Flag
Wed May 16, 2012
Joey Remondino answered:
I consider myself an optimist and still I hold out hope that short sale timeframes will improve with the latest announcements by Freddie and Fannie. However; my experience tells me that neither the process nor the time frames will improve. This is just the latest round of grandstanding by politicians to “negotiate with lenders” to install recommendations for banks to follow in hopes to improve the lexicon of short sales.
The overlying concepts that everyone needs to keep in mind is two fold, Lenders do not want to make the short sale process easy and lenders do not want to employee more people so they can loose more money approving short sales.
Here is my short sale page on my web site with detailed articles on the short sale process.

http://www.calljoey.com/reosshort-sales.asp
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0 votes 3 answers Share Flag
Mon Oct 10, 2011
Dwayne & Maryanne Moyers answered:
Go to external links on your MRIS home page and locate Real Estate Business Intelligence. You can search for your answer by conducting a zip code report for monthly market statistics. The eastern district of Prince William County has different subdivisions and price ranges in each zip code. The following zip codes are found in the area of Woodbridge:

ZIP CODE:
Woodbridge (22191)
Lake Ridge (22192)
Dale City (22193)
Montclair (22025)
Dumfries (22026)
Town of Occoquan (22125)

These reports have the average sales price, previous year avg. sales price, sales of different types of homes, sales in different price ranges, inventory figures, types of financing involved, days on market, average sales price to original listing price, and other sales categories.

The Moyers Team
Maraynne Moyers, Managing Broker & Sales Agent
Dwayne Moyers, Realtor
Top 2% of Realtors Nationwide
Avery-Hess Realtors (Lake Ridge Office)
Office: 703-492-6500
Maryanne: 540-379-7359
Dwayne: 540-446-6284
www.themoyersteam.com
www.NotYourTypicalRealtor.com
www.facebook.com/themoyersteam
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0 votes 1 answer Share Flag
Fri May 20, 2011
Kevin Olson, Jessica Laude answered:
We use open houses for this. Most of the time open houses in our area are very slow so why not take that time to touch base with others? It's the weekend, and even just a call to say "Hi!" is a nice thing to do. Some Realtors use facebook, but I don't like mixing business with personal life if I can avoid it. Email is great, and so is a monthly mailing of a coupon to someplace local. ... more
0 votes 4 answers Share Flag
Thu Oct 7, 2010
Kerry Stewart answered:
Often times the lender does not deem your situation as a hardship at all. If a homeowner is attempting to sell short soley because they're upside down, the lender does not see the threat of foreclosure or bankruptcy looming. Make you case to the lenders if you have a true hardship and they will cooperate. ... more
0 votes 9 answers Share Flag
Wed Aug 26, 2009
Kyle answered:
From Danilo:

""Freedom" - If you would like to speak with a professional loan officer regarding your situation, I would be be glad to provide you with a list of experienced and knowledgeable loan officers that work for direct lenders, not mortgage brokers, which you can call for further assistance."



Danilo, most direct lenders don't have much knowledge and expertise with all loan products and other banks, and lenders, because they work for just one bank and only know what that lender can do. A broker actually has to become proficient in know what loan products and terms are available for EVERY LENDER and bank in the country, that's how we shop around for the best possible deal/options.
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0 votes 6 answers Share Flag
Mon Jun 30, 2008
Cindy Jones answered:
As Daniel indicates Form 100 is for removing the financial contingency from your contract. Please consult your agent to discuss any details as to your specific contract and situation,
0 votes 3 answers Share Flag
Tue Aug 21, 2007
Irene Morales Ward answered:
Taxes in Prince William are due on June 5th and December 5th, for June 30th and December 31st taxes (1st and 2nd half). Depending on when you settle, the portion paid by the seller will be prorated if you are buying after the first or second half taxes have been paid.

In other words, if you were to close on October 30, 2007, the seller will not have paid his second half taxes because they are not yet due. You will be receiving a second half tax bill as the new owner prior to December 5. The title company will determine the seller's responsibility and credit you that portion of taxes due from July 1 through October 30th. Then you will be assessed the remainder of the second half taxes due from October 30th (date of possession) through December 31st. This will appear on your HUD-1 as a charge.

Your lender will likely escrow anywhere from 3 to 9 months of taxes depending on when you are going to settle. Try to find out from your loan officer ahead of time how much this will be. Taxes in Prince William are assessed at a base rate of $.787 per $100. You may find precise calculation depending on the township or additional levies at this site...pwcgov.org

You may search any property's tax assessment by linking to LandRover on the county's website and searching by parcel or address. Also, if you question the county's assessment of your property (which is not uncommon considering the fluctuation in the market over the last 12 months), you may go to the site to appeal it...also on the county's website within the real estate tax assessment section.

Best of luck!
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