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22205 : Real Estate Advice

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  • Home Buying6
  • Home Selling0
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Activity 156
Sat Oct 17, 2009
Cindy Jones answered:
From a Brookings Study:

"Approximately 1.9 million buyers are expected to receive the credit, but more than 85 percent of these would have bought a home without the credit. This suggests a price tax of about $15 billion – which is twice what Congress intended – for approximately 350,000 additional home sales. At $43,000 per new home sale, this is a very expensive subsidy. " ... more
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Fri Nov 6, 2009
Chris Mundy answered:

You usually need to get a lender at the bank or at Wells Fargo to do some legwork and look for the home. I assume you have the address? They can usually get the process going in finding who is assigned to the property. You may not get much info from them. I will say that having an agent work their connections helps out. I have 3 lenders at Wachovia/WF.

Chris Mundy
... more
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Tue Dec 13, 2011
CCC answered:
Contact Trulia direct.
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Tue Sep 22, 2009
James Gordon ABR SFR SRS answered:
Hey Creative you can already cut the banks out of a real estate transaction. I have a couple of clients that i deal with that do it all the time. They purchase properties with cash, closing costs are very low on a cash transaction also. ... more
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Sat Sep 5, 2009
SANDY MARTIN answered:
Check with or, as you suspected, ask a CPA. I think if you have lived in the home 2 out of any of the last 5 years you should be O.K., but verify this with an accountant. ... more
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Mon Aug 17, 2009
Delaine Campbell answered:
LOL, well only you all can make that decision!! I have to tell you I personally think Leesburg is a great place to live and super nice area - if you are close to the historic district/downtown area. The suburbs are like any other in that they are suburbs and you need to get in your car to get to anything. You can find a darling historic home in Leesburg for a good price. Where is he comuting too? Do you want to have a horse or two? Or live in a suburban planned community with ammenities? If you still want to be close to the "action" but little more space, you can also find some nice buys down GW Parkway in Alexandria; not far from Old Town.

I'll be happy to help you and have spent many years in Leesburg (visiting) and know quite a few people out there. I attend events out there, go to the wineries, horse events, and LOVE the restaurant there called Lightfoot. Call me if you have questions, etc. Happy to tell you what I know.

Delaine Campbell, Realtor(R)
Voted "Best of Alexandria 2009, REALTOR"
Certified Residential Specialist
(703)932-6542 cell/text
... more
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Wed Aug 5, 2009
Jowita answered:
Hi there,

I live in Fairlington.....great area and close to everything. The dues have increased from '08 to '09 about 6%. The board votes on the type of things they want done thus increasing the dues...

If you are thinking of buying, it's important to speak to an expert in the area. If you actually buy, go to the board meetings, listen and be heard.
... more
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Fri Jul 31, 2009
Colin Storm answered:
From June to June prices have fallen 10.15% in 22207. Arlington as a whole fell only 1.9% versus 7.42% for all of Northern Virginia. Average sales price in Arlington overall is well below 2005 levels, but remain comfortably above 2004 average prices. ... more
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Yesterday at 2:39pm
Jon Paley answered:
I work with many out of the country buyers who are doing exactly what you want to do. I have set up Escrow Accounts specifically for Real Estate investment. You can reach me by email at

Thanks, Jon Paley
... more
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Tue Jul 21, 2009
Lew Corcoran answered:
No. income received from boarded or roomates is not used in determining whether you'll qualify or a mortgage. You must either stand on your own income and credit. If you need help in qualifying for a mortgage, you can use the income and credit of one of your parents. FHA allows for non-occupant co-borrowers. ... more
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Wed Sep 9, 2009
Dana Schuster answered:
No, but if you can come up with the difference on your own you can do the purchase. The amount you are qualified for is what is. No more!
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Tue May 19, 2009
Colin Storm answered:
David; it would be difficult to say without seeing the home itself and the trends nearby. You don't want to spend any money if someone is likely to come along and buy the home for the land. Nor do you want to do, say, a kitchen renovation/update if a buyer will likely blow out some walls to make the kitchen larger or do a full scale addition. Chances are pretty good that your best bet will be a clean up, fresh coat of paint, and a great price. Let the home be a blank canvas for the next owner. But, again, it is tough to say for sure without actually having a look. ... more
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Wed Jun 10, 2009
Jane Jensen answered:
You'll have to take a look at your contract. Generally, the lender sends out the appraiser and that is figure that is used. You'll neet to review the wording in your contract that references the appraisal, then speak with your lender and possibly with a real estate attorney to determine your options. ... more
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Wed Jun 3, 2009
Betsy Twigg answered:
If all contingencies have been met, including review of condo documents, it will be difficult to void a contract. You might want to talk with a good real estate lawyer versed in voiding contracts. Please try Beau Brincefield tele 703-836-2880. ... more
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Tue Apr 28, 2009
Coco asked:
My name Ivania Ulloa. I attended washington lee in 1987. wanted to know if any body knows how I can see the tapes that were recorded in the talent shows of 1987--This question i...
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Thu May 24, 2012
Jane Jensen answered:
Absolutely. Some baby boomers will move south but many will stay here. We're already seeing people moving into Arlington to downsize from their empty nest extra large homes in Oakton and Chantilly and other outer suburbs. We'll still have lots of new people moving into the area for jobs in government, law firms, contractors etc. ... more
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Sun Apr 26, 2009
Betsy Twigg answered:
Angela: Can you provide any address or general location for the house on 27th Rd. N. in Arlington? thank you - Betsy Twigg -703-967-4391
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Sun Apr 12, 2009
Colin Storm answered:
What resource are you using for the comparison listing to Zillow? Trulia listings, MLS, tax records? Is the Zillow information an actual listing, or the general Zillow info on a property?

If you could post links for comparison I would be of much more help to you.

The county record is sometimes inaccurate in room count on single family homes, especially in Arlington, but it sounds like you are looking at condo listings. Is that correct?

Basement rooms can be included as bedrooms as long as there is appropriate egress. Your loft question does touch on a gray area in terms of how to represent the unit in the most accurate way possible. You could really argue for or against either angle. Especially gray is the "Studio Loft". Is it a studio unit with a loft, or a Loft style studio?

At the end of the day Virginia is a "let the buyer beware" state, so it is up to the buyer to perform their due diligence prior to purchasing a home. You want to see pictures, view the property, etc, so that you can make your own determinations.
... more
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Wed Apr 8, 2009
jmw answered:
Falls Church City is an easy commute - you have metro and easy access to I66, Rte 50, Lee Highway, Rte 7.
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Tue Aug 11, 2009
Chris Harrell answered:
Hi. Lenders look at time on a job as a "compensating factor". This means if you have a low credit score, few assets, or a high debt-to-income ratio (DTI) then a long time on the job can offset one or more of those. However if you have good credit, assets, etc. I would take the new job. They will look favorably at the higher income (lower debt-to income ratio). Keep in mind the job should be in the same line of work. If you have any other questions you can contact me Hope this helps. ... more
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