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Home Selling in 20854 : Real Estate Advice

  • All50
  • Local Info8
  • Home Buying16
  • Home Selling13
  • Market Conditions3

Activity 11
Sat Apr 6, 2013
Ellyn Pollack answered:
Hi, Bernadette. Most lenders can do a preapproval letter in less than an hour. They can talk to you on the phone and ask a few questions. run your credit, and then generate a preapproval letter. If you are referring to the final commitment after you find the house you want to buy, then the average time period is 30 days, but it can be done faster if time is critical. Sometimes they can even do it in 1 or 2 weeks.

I hope that helps. If you have more questions, email me at I am an Associate Broker with RE/MAX Town Center (licensed in MD, DC, and VA)
... more
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Wed Jun 15, 2016
Ellyn Pollack answered:
Hi, Bernadette. An appraisal contingency is usually 21 days. You want to make sure you allow your lender enough time to order the appraisal and review the report.

I hope that helps. If you have more questions, email me at I am an Associate Broker with RE/MAX Town Center (licensed in MD, DC, and VA) ... more
0 votes 12 answers Share Flag
Sun Jun 5, 2016
Terry McCarley answered:
It is a shame you didn't do more research prior to hiring an agent. At this point I recommend you contact the agents broker and let them work it out internally - they most likely will assign your listing to another agent in the office that has more experience. ... more
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Tue Jun 21, 2016
Tony McMahon answered:
In short, Recently sold properties in a close proximity to the subject property , similar in style, sq ft, condition, lot size, and the homes amenities.
0 votes 13 answers Share Flag
Sun Jun 5, 2016
Kathy Hutchins answered:
Put in the contract an "as is" addendum meaning you are not going to do any repairs or address any cosmetic concerns to the property. This needs to be part of the ratified contract. If you have a ratified
contract and it was contingent on a home inspection then you have to read what the home inspection addendum says. Do you have an agent representing you?
... more
0 votes 9 answers Share Flag
Wed Mar 21, 2012
Jeff Escher answered:
Based on the feedback and number of showings, it's likely the price. Buyers shop in price ranges and it seems the buyers in your range are expecting something bigger. If you drop your price your house will better fit those buyers expectations and requirements. ... more
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Mon Jun 13, 2016
When a home is appraised the apppraiser gives a land value. It is definately an opinion of value but then so is the entire appraisal. In Potomac the land at times can be worth as much if not more than the house. Usually that would happen when the home is smaller and or older. The appraisers have ratios and formulas they use but I don't know how exactly they determine the exact value of the land. Hope this helps. ... more
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Mon Jun 13, 2016
She Sells FWTX answered:
You need to find your management agreement (between you and the managing broker) and take it to a lawyer if you feel that the agent did not act in your best interest.
0 votes 5 answers Share Flag
Fri May 21, 2010
Alan May answered:
Local customs and traditions change, based on the area.

In our area, (Chicagoland), the earnest money is typically held by the listing agent's agency. But if the buyer and seller can both agree on a third party (the attorney, or title company) in writing, then that's acceptable too. ... more
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Mon Jan 11, 2010
Guy Gimenez answered:
You need to reference your contract.

In most cases, a purchaser will retain the contractual right to terminate a contract during an "option" or "feasibility" period without being forced to give any reason because the purchaser paid for this right in advance. ... more
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Wed Jan 20, 2010
Rez Kodad answered:
Ann, Avg. days it takes to sell a TH in Potomac is around 100 days. However, if the property shows well, and prices right at this time may sell between 65 to 80 days!


0 votes 3 answers Share Flag
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