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20019 : Real Estate Advice

  • All12
  • Local Info0
  • Home Buying5
  • Home Selling0
  • Market Conditions0

Activity 561
Fri Mar 22, 2013
Adriano Gomes answered:
Is a monthly fee you pay to the building's association. Typically the amount to be paid is determined by the size of your unit. The money is used to cover projected expenses for the building maintenance, repair and other expenses. In this particular coop (which I really like!), the listing agent breaks it down as follows: $821 goes to the operating account, $439.46 to cover underlying mortgage and $60.82 for taxes, water and cable. Electricity is not included. I love that building. Not so in love with the fee, though. :) I hope that it answers your question. ... more
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Mon Apr 8, 2013
Plumpkinholdings answered:
Would a 3BR in 20002 comparable to your wish. The 3rd room can easily be a den. Close to metro and H street corridor. If interested contact me plumpkinholdings@gmail.com.
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Fri Feb 28, 2014
Alyssa Hellman answered:
Hi JAF,

Condo fees in these buildings vary widely. Generally, condo fees in Foggy Bottom can vary from $300-$1,800+. The higher fees generally include the buildings with more amenities, (i.e., the Ritz offers maid services); however, The Columbia Residences (2425 L Street NW) has some of the lower fees in the neighborhood yet offers one of the more serviced buildings with numerous buildings.

If you are interested in more detailed information or have questions on specific buildings, please contact me at ahellman@lnf.com.

Thanks,
Alyssa
... more
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Sun Mar 17, 2013
Lanre Folayan answered:
To be honest with you,Long and Foster has one of the best real estate courses in the area. In fact that's where I did my prelicense courses. But once you pass the class please talk to me. I can share some things you should look for in your Real Estate Broker. And no real estate Commission split is not main thing you should be concerned about. Congratulations. And much to you. You can do it. ... more
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Sat Mar 23, 2013
Miekeba Jones answered:
Hi Scott. May I ask that you email me at miekeba@heymannrealty.com so that I may help you?
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Mon Aug 12, 2013
Jason Skipworth answered:
Hi Dibs,

I am glad you are pursuing avenues to do your due diligence for your peace of mind purchasing in a new neighborhood. While your question is a good one to consider, it's also what I call a "crystal ball question." DC is a major metropolitan city, so the old cliche comes to mind...."crime has no address." You are going to receive the gamut of answers on here. The best suggestion I make to my clients is to go visit these unfamiliar neighborhoods of interest at different times of day during different times of the week/weekend. And when you are in those neighborhoods, during the day/on the weekend, walk around, introduce yourself to people, let them know you are considering moving there, ask how long they have been there, and get their insight on the neighborhood. I believe that's your best way to get an honest opinion and real perspective. And of course, contact the police department for that Ward for a list of crime history. I hope this helps. If you want to discuss further, feel free to contact me. ... more
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Tue Feb 26, 2013
Esther Mwilima answered:
This aparment appears to be a gated community and they do have parking spaces within the complex.
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Mon Feb 25, 2013
Miekeba Jones answered:
Hi Cathy! Generally co-ops have a board that may have a say in decisions of who new occupants will be among other things involving residents.
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Sat Feb 23, 2013
Miekeba Jones answered:
Sat Jun 15, 2013
Jason Skipworth answered:
Hi Ashley,

Most any home is eligible for an FHA loan as long as it is in livable condition. But there are several FHA loan products you could use depending on the home's condition. A condo has to already be FHA approved for you to purchase with an FHA loan.
I can answer this more in detail. It's best to work with a local lender who has a good reputation in the market you plan to purchase in. I can recommend several lenders to you.
Contact me if and when you want to discuss further.
Jason@dcliving.com or 202.302.4938.
... more
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Tue Feb 19, 2013
Craig Abney answered:
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Mon Feb 18, 2013
Miekeba Jones answered:
Hi Ann. May I ask you to send me an email and I will send the prices for Belmont via email?
0 votes 3 answers Share Flag
Tue Feb 19, 2013
Patricia Kennedy answered:
Al, I think it's important to make a distinction between listing photographty and video.

Professional photography is probably the most important element of any marketing plan. I'm a good photographer with some great equipment, but I have all of my listings done by a pro. The photos are important for both the listing and for the brochures that the we put together.

Video, as it is used by many agents, is merely phtots that are loaded into a program that pans the still shots and plays weird background music. My firm has access to it, but I'm not totally sold. It's slow to load and hard to watch. And the agents who do come in with a real video camera - well there is a whole lot of really bad video out there. Even some of the professionals do a bad job of filming homes. It's sort of a new thing.

Video is supposed to iincrease SEO, but so will properly syndicated still shots of a property.

So great photos are crucial. Video is still more of a gimmick - oh, and one that I'm starting to get into. But, like my colleagues, I'm not ready for prime time with video - either for listingts or blogs.

Patricia Kennedy
Associate Broker
Evers & Company
202-549-5167
housepat.activerain.com (Blog)
housepat@mac.com (email)
... more
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Sun Jun 23, 2013
Hunter Smith answered:
Mon Feb 11, 2013
Miekeba Jones answered:
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Sun Feb 10, 2013
Maureen Dwyer answered:
Low-balling is an offer that makes no economic sense to the seller. The purpose of an offer is to enter into negotiations or a conversation with the seller. If your offer isn't even acknowledged then you have done yourself a disservice.
Percentages are difficult to assign as this is more art than science. Fifty percent is a definite low-ball offer and completely useless. Do you want to know where in that 1-10% range isn't low-ball? It will depend. The price of the property comes into play because a seller has more wiggle room the higher the price.
Are you insulting or offending the seller, well it just depends. Investors who make offers on ten properties to get one are secure in their business model and the seller or seller's agent knows this is a business decision and nothing personal. Typically they are taking blighted properties and improving the locality. It becomes offensive when the offer is out of line with previously settled properties in the same neighborhood, same condition. It's offensive when the buyer has no understanding of, or wish to understand, the mechanics of maintenance, improvement by a homeowner or the right to a profit by anyone.
I'm not suggesting that everyone's listing price is valid but there are aids to help you get a feel for what should be valid. If you're getting a mortgage, your lender will not be allowing wild speculation. You'll have one or even two appraisals. Your agent will have comps for list and sold prices in the area you're considering so you can see the spreads and concessions. No good buyer's agent wants his/her client to pay too much but neither does he/she want to share an ego trip. The best negotiation is when neither buyer nor seller is completely happy.
... more
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Sun Feb 10, 2013
Alain Picard answered:
If you already wrote up an offer and it has been accepted by the buyer then I would talk to your agent and see if you can walk away at this point without losing your earnest money.
0 votes 5 answers Share Flag
Wed Feb 20, 2013
Lanre Folayan answered:
Just because a house hasnt sold doesnt necessarily mean the price. Though Price is the main reasons why many houses dont sell,its not the only reason. It can be due to lack of PRESENTATION-Home staging and PROMOTION-Marketing ... more
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