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Home Buying in 20854 : Real Estate Advice

  • All47
  • Local Info8
  • Home Buying16
  • Home Selling12
  • Market Conditions3

Activity 29
Tue Nov 19, 2013
Rick Reed answered:
If you are comfortable with the sales price and can close the sale without the appraisal being an issue then it would make sense. Have your agent run comps for the neighborhood to help with your decision. ... more
0 votes 11 answers Share Flag
Tue Jun 14, 2016
Craig Fauver answered:
I guess? If they can afford the house they will be able to document it though, the only exception I can see is if someone takes their part-time business full-time because it is doing well there should be a shorter waiting period before they qualify, although I just saw a Prosperity Mortgage option that accepts 1 year return for a Schedule C filer, better than 2 I guess. ... more
0 votes 7 answers Share Flag
Tue May 31, 2016
Ania Miller answered:
Mon Jun 13, 2016
Courtney Griffiths answered:
One of the reasons that Fallsreach and Winterset are popular is because they are more affordable areas that attend the schools you are looking for. Depending on your desired price range I could certainly recommend some additional neighborhoods. When it comes to finding the right time to sell/buy it is really all relevant. Yes it is a bit slower for selling now, but you should be able to have greater advantages when buying during this season.

What is the desired timeframe for the move?
... more
0 votes 6 answers Share Flag
Wed Feb 8, 2017
. answered:
try fsbo.com or forsalebyowner.com
0 votes 10 answers Share Flag
Tue Jul 13, 2010
Stanley Barsch answered:
I'll start off by saying it sounds kind of shady. Other then your agent leaving his/her business card at the property and another agent seeing it, I have no clue how they would know about each other.

In Maryland there is a "buyers agent" who represents the buyer, a "sellers agent" who represents the seller. If both sides of the transaction happens to involve the same broker, per se Long & Foster who has a large part of the DC Area market then there is something called "intra-company agent". Intra-company agent even though both agents are employed by the same company, cannot share anymore information then the selling agent would to an agent from an outside company.

As far as commission is concerned, it is an agreement between brokers. The seller agrees to pay a percentage up front when they sell the property, let’s just say 6%. The brokers will divide it between the selling broker and the listing broker, generally 50/50. There is no real conflict of interest in this situation. The seller, nor the seller’s agent does not have the upper hand on the buyer’s agent just because they are getting paid by them.

Having a buyer’s agent will guarantee that you are getting the best value for your money, the best deal possible in this transaction and they have YOUR interest at heart. I don't know any buyer agents that will tarnish their reputation or integrity for a paycheck. Does this help?

Regards,

Stan Barsch
Long & Foster Realtors
Downtown Silver Spring
... more
0 votes 4 answers Share Flag
Thu Sep 13, 2012
Stanley Barsch answered:
I'll start off by saying it sounds kind of shady. Other then your agent leaving his/her business card at the property and another agent seeing it, I have no clue how they would know about each other.

In Maryland there is a "buyers agent" who represents the buyer, a "sellers agent" who represents the seller. If both sides of the transaction happens to involve the same broker, per se Long & Foster who has a large part of the DC Area market then there is something called "intra-company agent". Intra-company agent even though both agents are employed by the same company, cannot share anymore information then the selling agent would to an agent from an outside company.

As far as commission is concerned, it is an agreement between brokers. The seller agrees to pay a percentage up front when they sell the property, let’s just say 6%. The brokers will divide it between the selling broker and the listing broker, generally 50/50. There is no real conflict of interest in this situation. The seller, nor the seller’s agent does not have the upper hand on the buyer’s agent just because they are getting paid by them.

Having a buyer’s agent will guarantee that you are getting the best value for your money, the best deal possible in this transaction and they have YOUR interest at heart. I don't know any buyer agents that will tarnish their reputation or integrity for a paycheck. Does this help?
... more
0 votes 5 answers Share Flag
Mon Feb 6, 2017
Jeff Escher answered:
There are a mix of contemporary homes scattered thru-out the area, its hard to find all-contempoary neighborhoods. What is your price range? There are some contemporary homes in North Potomac in Dufeif, price range mid $400k. ... more
0 votes 5 answers Share Flag
Tue Feb 7, 2017
Alma Kee answered:
Contact a local Realtor. They can show you any property that is listed in the MLS system. Some times foreclosures are only in the preliminary stages and are not actually available for sale. Once it is actually available for sale by the bank your realtor will get immediate notification if you are interested in that neighborhood. ... more
0 votes 5 answers Share Flag
Mon Jun 20, 2016
Bruce Lemieux answered:
Hi Jo - looks like there's one home available in Potomac Commons - http://mocorealestate.com/potomac-commons/
0 votes 6 answers Share Flag
Wed Jun 8, 2016
Stacey Wyatt answered:
Peter,

You could buy the property in a Trust or in a Corporate Entity (LLC, etc.). Consult a local real estate attorney who can guide you down the right road.

Good luck!
0 votes 6 answers Share Flag
Thu Feb 23, 2017
Bruce Lemieux answered:
Hi,

Piney Glen Farms is an area just off of Piney Glen Road north of Glen Road of custom, single family homes that sell for $1M-$2M and over. There are about 77 homes here on lots 2 acres and over.

Piney Glen Village is a newer development of around 680 homes (420 single family homes, 260 towns) built from 1995 to 1998. 'Potomac Glen' is the neighborhood name of Piney Glen Village -- so they are one in the same.

The Glen Club isn't a development.... Are you looking at 10421 Heathside Way which is listed for for $549K? http://bit.ly/IdHZC
... more
0 votes 3 answers Share Flag
Tue Jan 24, 2017
Alan K answered:
Wed Jun 3, 2009
Bruce Lemieux answered:
Hi Patricia,

I believe that you've answered your question. Your mortgage company will require that you get one or the other. The location drawing is the cheaper of the two. You'll get a drawing of your lot with the footprint of the home. Driveways, fences and outbuildings are also shown. Why is this required? You (and your mortgage provider) wants to insure that there aren't any obstructions (neighbor's fence, neighbors shed, etc) on your property. If so, the seller needs to resolve this -- or it becomes your problem.

With a survey, you get a location drawing. In addition, a surveyor will come out and *physically* mark the property boundaries.

Buyers primarily get location drawings. I've had buyers "upgrade" to a survey if they planned to put in a fence or pool immediately upon taking ownership.

Hope that helps - good luck.
... more
0 votes 2 answers Share Flag
Wed Jun 8, 2016
Christine Sherrod answered:
As a homebuyer, all of my professional services are at no cost to you.....the seller always pays the commission. Please feel free to google my name to learn more about my experience as a buyer's agent.

:-)
Christine Sherrod, Realtor
Weichert, Realtors
Cabin John Potomac Office
... more
0 votes 16 answers Share Flag
Tue May 5, 2009
Bruce Lemieux answered:
Hi -- you have several questions on Trulia. If you are serious about buying, you would benefit from the help of a buyer's agent who's familiar with the area. There's no charge for a buyer's agent, and he/she can help identify homes that meet your needs. Your agent can also complete a detailed market analysis of specific homes of interest.

Interview a couple and find someone that is in sync with your needs.

Good luck.
... more
0 votes 2 answers Share Flag
Thu Apr 23, 2009
Lise howe answered:
There is a short sale which is about to come on the market near Bradley which is going to be around $1.5 million. I would be delighted to arrange for you to see it if you are interested in a property in that price range. The tax assessment is about $2.2 million. I specialize in short sales so i would love to help you find a good value. ... more
0 votes 6 answers Share Flag
Fri Jun 5, 2009
Jan Brito answered:
The short sale property on Maplecrest is under contract. There are 2 other listings in Piney Glen Village but at significantly higher asking prices - $929,900 and $999,000. Are you specifically looking in Piney Glen Village? ... more
0 votes 2 answers Share Flag
Wed Apr 1, 2009
Vicky Chrisner answered:
Without fulling putting this into context, I reserve the right to be wrong here... but sounds like WILL BE going to foreclosure, but it hasn't yet. You can confirm at the county courthouse.

Since I don't work in Montgomery County, I can't help you... but I am just over the river in No Va, and I know several great agents there - would you like a referral to one? If so, email me directly vchrisner@kw.com
... more
0 votes 2 answers Share Flag
Tue Mar 31, 2009
Aurora Guiragossian answered:
There are quite a few listings in that price range in the Potomac area. Feel free to contact me and I will email you the listings.

Looking forward to hearing from you,
Aurora Guiragossian
Long and Foster Realtors
301-907-7600
aurora@longandfoster.com
... more
0 votes 2 answers Share Flag
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