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22201 : Real Estate Advice

  • All67
  • Local Info4
  • Home Buying41
  • Home Selling2
  • Market Conditions0

Activity 156
Fri Jul 18, 2014
Barbara Curry answered:
Hi Balesh,
I am a Realtor who knows Arlington well. If we can discuss what you are thinking perhaps I can point you to a lender who can see what is possible.
You can reach me at
barbara.curry@CBMove.com
I am with Coldwell Banker and we are an international real estate company with several offices around the world. I am based in Northern Virginia and currently work from the McLean office.

Please get in touch!
Thanks
Barbara
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0 votes 3 answers Share Flag
Mon Nov 19, 2012
Scott Godzyk answered:
Most rent to own homes are not listed that way but listed for sale where the seller muct move but has not sold yet. your best bet is to work with a buyer agent who specializes in rent to own to help call the listing agents to see if their sellers would be open to it ... more
0 votes 8 answers Share Flag
Tue Sep 25, 2012
Coral Gundlach answered:
Hi Matt: I would be happy to meet with you and discuss how I can help you in your home search. I think you are smart to list exactly what you need in an agent. It would probably be best if you set up a few face to face meetings or interviews to decide which agent is the best fit. There are a lot of great agents in this area and I am sure you will get a ton of responses to this post, so it will really come down to chemistry. If you'd like to talk either on the phone or in person, feel free to email me directly. I also am not big on touting my qualifications, but have many client testimonials that will give you an idea of what it's like to work with me. My style is very collaborative, working as a team with my clients, and I will constantly keep you up to date on the process. I usually answer the questions before they are asked, but if that doesn't happen, I will most certainly get you all you need. Please check out my website, testimonials and blogs to get a feel for my personality and style.

Best of luck!
Coral Gundlach, Realtor, CRS
McEnearney Associates
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0 votes 24 answers Share Flag
Fri Oct 19, 2012
Coral Gundlach answered:
It depends on the kind of loan you have on your house and what the interest rate is, and buyer's ability to qualify etc. Typically, when you sell your house with a conventional mortgage the mortgage is paid off at settlement. The buyer will get their own mortgage, and that combined with their down payment will be used to pay off what you owe. Your mortgage would be closed and the buyer has their own, separate mortgage.
If your current mortgage is "assumable" which is the case with FHA and VA mortgages, then, if the buyer gets approved to take over your mortgage, it could happen.
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0 votes 3 answers Share Flag
Sat Jun 22, 2013
Juli Clifford answered:
Hi Peter
She would need a short term rental. Georgetown is a reasonably safe area as there are so many college students, faculty and professionals living close to the university and hospital. If she has a car, Arlington, VA would also be a great option. $1500.00 would get her a one bedroom one bath rental condo or apartment in Arlington. Prices in Georgetown are going to be higher. She might do well with finding another nurse that needs a short term roommate. ... more
0 votes 8 answers Share Flag
Sun Sep 9, 2012
Marcia Burgos-Stone answered:
Is this address in MD? This is posted in Arlington Va. :) You can probably find something for that price but I no longer work in Maryland. Someone will post and ask to help you. If not, I can find someone for you.Good luck! ... more
0 votes 2 answers Share Flag
Sun Sep 9, 2012
Marcia Burgos-Stone answered:
The address doesn't seem to exist. Can you verify the address?
0 votes 3 answers Share Flag
Sat Sep 8, 2012
Cecil A answered:
None that I know of but I posted a link below that should help you find one in the area.
0 votes 2 answers Share Flag
Sun Sep 9, 2012
Jane Jensen answered:
It depends on what your goal is. The market here bottomed some time ago and prices are level with increases in some areas. If your goal is safety and positive appreciation, it's probably a safe bet. If your goal is positive cash flow, it depends on how much money you are going to put down. Rents have gone up considerably but depending on what you buy (including, is it is a single family or condo?) and what you owe you may or may not get positive cash flow before or after taxes. You would need to look at each property individually and see what the rental comps are. ... more
0 votes 4 answers Share Flag
Sat Sep 8, 2012
Erich Cabe answered:
Yes, you can be both a co - owner, or you can simply gift your son the money for the down payment, which most lenders allow.
Erich Cabe
202-320-6469
0 votes 3 answers Share Flag
Sat Oct 20, 2012
Nancy Milton Holtzscher answered:
Hi, Tim:

That's a great question. You'll want to ask your Realtor what the rules are in Virginia.

Here in Southwestern Illinois our contact states that if there is an environmental defect, which would include radon, then the seller -- at his option and expense -- must have the substance remediated, removed, or reduced to an acceptable level prior to closing and provide the buyer proof of re-inspection by the same inspector or a similarly qualified inspector.

OR the seller may terminate the contract by serving termination notice on the buyer with a release of the earnest money.

The buyer, at his sole discretion, may accept the seller's plan of remediation or determine to terminate the contract.

In the event either the seller or buyer elects to terminate the contract due to an environmental defect, the non-terminating party is obligated to sign the document terminating their contract.

So, it's pretty cut and dried here, but Virginia may have other rules and regulations.

By the way, sellers in Illinois, if they decide to lease their property instead, have to also disclose the presence of elevated radon to renters.

Best of luck with your home purchase.
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0 votes 6 answers Share Flag
Tue Sep 25, 2012
Brenda Rowe answered:
Yes, it is expected, and if not there their removal will be received unfavorably by the potential buyer. They are scrapping up money for closing costs, downpayment, etc., and they do not want to buy refrigerator, washer or dryer as part of the deal unless there is some discount in the price to compensate. ... more
0 votes 9 answers Share Flag
Fri Sep 7, 2012
Paul Nguyen answered:
I would be than happy to help you look for rentals. In regards to good school, due to fair housing laws, we are not able to recommend you schools, but if you go to http://www.greatschools.org/ , you'll be able to narrow down what school district you would like to reside in. ... more
0 votes 4 answers Share Flag
Thu Aug 16, 2012
Alexandra Jadali answered:
Sat Jul 14, 2012
Daniel and Tracy Pierson answered:
How many bedrooms and baths does your home have? Also, what's the approximate square footage of each home?

--Daniel
0 votes 8 answers Share Flag
Fri Jul 13, 2012
Marcia Burgos-Stone answered:
No. Not at all. Every deal is different. If a purchaser needs closing costs, sometimes they will raise the offer price in order to get the cash towards closing. You might want to speak with an experienced Realtor who works in the location you are looking to buy or sell in.

As far as the commission, do you mean to the Realtor? The Realtors are working for free or the sellers are going FSBO? The FSBO sellers in Arlington is extremely low.

I believe you have been given some very inaccurate advice.
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0 votes 11 answers Share Flag
Tue Jul 3, 2012
Marcia Burgos-Stone answered:
The only way they communicate with you is via mail. They will rarely reach out to help you unless you have initiated a short sale. Please call or e-mail me to discuss privately. If you got that letter, you don't have a lot of time. I am happy to help you sort this out.

Loans are often sold more than once or serviced by someone else.

marciaburgos@yahoo.com

703-282-9098
... more
0 votes 4 answers Share Flag
Tue Jul 3, 2012
Ron Thomas answered:
What you are suggesting is ASSUMING the loan:
There are hardly any Assumable Loans done any more;
and in any case, you would have to go through the application and approval process to be Okay'd by the Lender.

Good luck and may God bless
... more
0 votes 4 answers Share Flag
Mon Jun 18, 2012
Jeanne Little answered:
Maboop, That is a Wells Fargo loan Program "Community Development Mortgage Program". Contact a lender with Wells Fargo for further details.
0 votes 2 answers Share Flag
Thu Apr 26, 2012
Juli Clifford answered:
Hi Tom,
That property is not listed in our multiple listing service as of today. It's probably being handled by a property management company. I'm looking into it for you and I'll let you know what I find out. If you're looking to rent in Arlington, I can certainly help you find a great place to live. Feel free to contact me through my website at: www.arlingtoncountyvarealty.com. You can search for properties as well on my website. Let me know how else I can help you. The rental market here is very tight and properties that look good and are priced right don't stay on the market fast so it helps to work with someone who can jump on properties as soon as they come up! ... more
0 votes 2 answers Share Flag
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