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20850 : Real Estate Advice

  • All46
  • Local Info4
  • Home Buying21
  • Home Selling4
  • Market Conditions1

Activity 112
Thu Nov 17, 2011
Effy Lamp answered:
In general, Colonials are the most preferred homes buyers choose but then it's a tie between split levels and Ranchers. Many older buyers who are looking for less steps prefer both of these styles, while younger, more contemporary styled buyers like the clean lines. Split foyers are the hardest to sell as buyers do not like the fact that you must choose to climb stairs just to get into the house.

All in all, you should be in fine shape and as competitive as those Colonials out there. Buyers are most interested in condition of property, the amount of space, and the amenities the home has. You can't change the style of your home but you can make the home look amazing by staging and doing simple spruce up projects!
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Sun Mar 12, 2017
Tim Moore answered:
You bet. Vacant homes can be seen anytime with no need to make an appointment or to call the owner or agent. Getting an appointment to see a house at 1-1:30pm on a Tuesday is harder than being told to go see it anytime.

On the flip side, some furnished homes look better than vacant ones and usually look bigger with furniture as long as they are not overloaded with it.
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Wed Aug 8, 2012
Ron Thomas answered:
I could write an answer that would be 4 pages long:

This is too much.

I can summarize it all by saying; please contact a Realtor and have them explain it to you. This is part of our job and you need the face-to-face experience as well as the explanations to decide if this is the person you want representing you.

Good luck and may God bless
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Fri Sep 26, 2014
Jonathan Lahey answered:
Tue Oct 18, 2011
Mack McCoy answered:
What's important to you, Mary?

I think the essentials are: that the agent is qualified - they know your area thoroughly and know the properties well; that they are available - that they have sufficient time to devote to you; that you relate well to them and understand each other.

The overwhelming majority of problems in real estate are a result of people with incompatible communication styles. You get a person who's not a "teller" and a person who's not an "asker" and nobody knows what the other has in mind!

So, in reverse order - find an agent you have an easy rapport with, who has the time to devote to you, and is an expert in your area and with properties like yours and the one you want to buy.

All the best,
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Tue Oct 18, 2011
Ariana Loucas answered:
Dear Yabu,
The rental market is very strong right now Many people are opting to rent instead of continuing to pay their high mortgages. The townhomes in Fallsgrove that are now listed are from $3100-$4500. When you rent a home, and use a REALTOR to market it, you will pay 1 months rent that is split between both agents; the agent listing it, and the agent bringing the renter. The agent you select to list your home should have a strong on line marketing plan to bring the most interest. Further, be sure the agent you select uses a system to pull the applicants credit, and check his/her background. Are you going to manage it yourself month to month, or employ a property manager? I'm happy to discuss those options and more with you if you'd like to contact me directly. I cover the entire DC Metro area.
Ariana Loucas,
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Mon Oct 17, 2011
Dale McGeehon answered:
In Maryland, an agent can not represent both the buyer and the seller. The agent can represent one and try his or her best to help the other, but the agent will be obligated to hold higher the interests of the party he or she represents. For example, if the agent has a listing and represents the seller, and an unrepresented buyer wants to put in an offer, that agent can write the offer for the buyer but the agent will be obligated to look out for the best interest of the seller, not the buyer. ... more
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Thu Nov 24, 2016
Scott Godzyk answered:
Mary Lan you definately want an agent with expereince as well as experience and knowledge of your area, your neighborhood and your type of home. Bigger is not better... you want an agent who will listen to your needs. You want to ask what they charge but most importantly what you get for what you may pay. Discount brokers charge less but you get a discount service. Nothing beats a full time full service agent for the quickest sale at the bets obtainable price. If you need a referal of some agents you should speak with in your area, just let me know. ... more
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Mon Oct 17, 2011
Abu Musa answered:
You can sell your home any time.It negotiable with buyers with tenant or no tenant.If the buyer needs mortgage you will get enough time to give your tenant notice of vacancy.
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Tue Oct 18, 2011
Dale McGeehon answered:
The value of your house is affected by any house that is sold near you that is similar to your house. If a similar house is sold for more than what you owe (or what is was previously appraised at), then that raises the value of your house. If a similar house is sold near you that is less than what you owe (or was previously appraised at) then the value of your house goes down.

Short sales tend to put downward pressure on houses' values because 1) they may not be in very good condition, 2) banks are willing to accept a payoff for less than what is owed (and that may lower the area's homes' values, and 3) buyers are looking for deals and short sales can be one way to find those deals.

Real estate agents can give you an idea of what your house is currently worth by looking at what houses similar to yours in your neighborhood or area have sold in the past six months. The fact that houses in your neighborhood sell quickly is a sign that your house's value may resist the downward pressure on prices.
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Tue Nov 8, 2016
Bill Eckler answered:
What are the issues...agent dissatisfaction is often traced back to circumstances that are beyond the agent's control. Before making a decision, it may be best to have that "heart-to-heard" conversation making the agent aware of your concerns. If the agent has the ability to make adjustments, it could be the beginning of a relationship that can get the job done.

On the other hand, if your meeting results in a lack of understanding and an unwillingness to accept responsibility, it may be to your advantage to consider other options.

Either way, putting the issues on the table and having a meaningful dialogue prior to making a decision is often the best course of action for everyone involved.

Good luck,

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Sat Sep 17, 2011
Shanna Rogers answered:
Hi Nathan,

Why wouldn't you want to sign a contract? This protects you as well as the Realtor. If for some reason you are unhappy with your Realtor at a future time, you can always cancel contract. You and the Realtor's Broker just have to sign a cancellation of contract.

Good luck.

Shanna Rogers
SR Realty
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Fri Feb 8, 2013
Bob McClure answered:
good evening joe...i'm not sure what database you are referring to...anyway....i have originated mortgages for both brokers and lenders for over 16 years...if a mortgage rep works for a depository, they do not need to be licensed with the nmls..if they work for a lender who is not also a depository, or work for a broker...then they must have a nmls license..that all started in 2008..i always felt i could be more productive and have many more financial resources to help borrowers working for a broker than a lender, that has only one set of guidelines.......some lenders do still broker..but for the most part..brokers (unfortunately) are soon going to be a thing of the past....
some of the brokers i have worked for in the past, have had many wholesalers...we usually used one, two or three for the majority of our loans, but it was always great to have the resources for a "fall-out" loan ..that we could close somewhere else....the way it is mostly dealt with now, is that a lot of good borrowers are denied...
hope that helps..
bob mcclure
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Sun Aug 28, 2011
Carlos Caraballo answered:
Tue Nov 19, 2013
David Burnham answered:
Talk to your agent to determine what homes have been selling for. Typically, homes go for about 96% of asking price in Rockville, but this is an average. Some homes go for more, some go for less. If the house is unpriced, you may have to go above asking to get it. Likewise if it is overpriced, you may have to go 10% or more below asking price.

Your agent will be able to pull comparable houses to get a better sense of where it is priced.
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Tue Jun 7, 2011
Charlotte Savoy & The Savoy Team answered:
Hi there! I'm so sorry this is so stressful for you. Some appraisers are very conservative, however, they all have guidelines that they should follow. Depending on the price of the home you are buying, the extra bedroom should be a credit of $2500 to $5000 or so. Does the 3rd bedroom have a full sized window and closet? If not, it may only be considered a den which would explain why he left it off. Either way, I would definitely call your lender and tell them that you would like to have the appraisal challenged. That will require them to do an in-house review and see if another appraisal is in order.

I hope the process moves along much smoother for you in the future!

All the best,

Charlotte Savoy
Keller Williams Realty
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Tue Dec 13, 2016
Melissa Barkalow answered:
Hi Aaron

I am sure there are many well qualified agents in the area who can help you. Have you talked to a lender to see if you can qualify for a loan or will you be paying all cash? If you need a loan, you need a pre-approval letter and a price range you qualify for form a lender. The market with a sales contract included is the pre-approval letter. Once you figure out your price range you and an agent can sit down and get more specific about the type of house you want and can get.

Good luck!

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Wed Apr 19, 2017
Peggy Lyn Speicher answered:
You should never, ever feel like you're getting second hand treatment whether you're paying $100K or $1M! We specialize in MC and would love to help you... there is plenty to choose from.

Check out our web site and then give us a call!
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Tue Nov 9, 2010
Brian Gormley answered:
BoA has gotten a lot better in the last 6 months, but it is largely a case by case basis question. Not only does every transaction have its own peculiarities, but there is a wide spectrum of negotiators who work there - some are very pleasant to work with and follow up in a timely manner, others are at the opposite end. They now use an electronic portal system called equator to process all of their short sale files, where homeowners and agents upload their critical information and documents, including financials, contract offers, HUD's, etc. This is supposed to assist in the process, and it is true that it has cut down on the wait time, but (by design) it takes out most of the personal interaction that can assist in facilitating completion of these. It is very tough to get out of that mold in order to escalate files, order new appraisals, or just get a response when the file is stuck. Good negotiators can circumvent some of this, but we are all stuck with their procedural framework. One person's perspective..... ... more
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Sun Oct 24, 2010
Anna M Brocco answered:
Not sure any of us can answer with accuracy as to what the lender will decide as far as making any counteroffers, etc.; --what is your agent advising....
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