Home Buying in 22205 : Real Estate Advice

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Jamie DeSimo…, Real Estate Pro in Fairfax, VA
Jamie DeSimone answered:
What is the deal with rental income and buying a new home?
Hi Shannon,

You may want to speak with a different lender. I know that they have tightened restrictions and in some cases you have to have enough income to qualify to pay both mortga ... more
0 votes Share Flag Sun May 5, 2013 Home Buying in 22204
Misty Mount, Real Estate Pro in Yorktown, VA
Misty Mount answered:
I am about to put an offer on a short sale, when do I have to list my current house?
Are you working with an agent? These are great questions for the person you're working with. A short sale can take months to get to closing even after the bank approves it. You ... more
0 votes Share Flag Thu Mar 14, 2013 Home Buying in 22202
Lisa Frensley, Real Estate Pro in Fredericksburg, VA
Lisa Frensley answered:
If you are named on a joint mortgage document are you legally bound to pay half of the mortgage?
I will preface this answer by saying that I'm not an attorney and you should seek proper counsel as this sounds as if you may have a dispute, or you just may be seeking information befo ... more
0 votes Share Flag Wed Aug 14, 2013 Home Buying in 22201
Maria Morton, Real Estate Pro in Kansas City, MO
Maria Morton answered:
Is there any restrictions to non US citizens for rental income from investment properties?
There are many Canadians who own real estate in the US and collect rental income. You will have to pay taxes in the states and declare the income with the Canadian government. You migh ... more
0 votes Share Flag Tue Jan 8, 2013 Home Buying in 22202
Marcia Burgos, Real Estate Pro in Arlington, VA
Marcia Burgos answered:
Is the market on the rise? If so, will it continue to rise in the short to longterm?
It will continue to go in cycles. Currently the market is improving. We are headed towards a housing shortage of approximately 800k units by 2030.
0 votes Share Flag Tue Jan 29, 2013 Home Buying in 22204
Alan May, Real Estate Pro in Evanston, IL
Alan May answered:
I'm buying a house FSBO from a friend, but we've had a bit of sticky questions arising out of what conveys. Does the porch swing normally convey?
I'm not a Virginia agent, and this is the sort of 'grey' area, that would hinge on local customs and traditions. But when worried about things like this... simply clarify it by writing ... more
0 votes Share Flag Tue Nov 13, 2012 Home Buying in 22201
Paul Nguyen, Real Estate Pro in Falls Church, VA
Paul Nguyen answered:
I'd like to buy a condo at River Place to rent out? It is a co-op unit. Good idea or not? Better to stick with condo?
It really depends on how you want to invest. How do you plan to pay for the investment property (cash, financing)? Also, how long you plan to keep the property for. I do know that Riv ... more
0 votes Share Flag Sat Oct 20, 2012 Home Buying in Arlington
Melissa Bark…, Real Estate Pro in Washington, DC
Melissa Barkalow answered:
I want to buy a condo in Arlington Courthouse area and I am looking at only post 2000 condos . Do older condos need a lot of repairs etc?
Hi

Now is a great time to buy with rates so low. Do keep in mind if you are thinking of going FHA to make sure the building is FHA approved.

As for buying newer vs older, it rea ... more
0 votes Share Flag Sun Oct 21, 2012 Home Buying in Arlington
Scott Godzyk, Real Estate Pro in Manchester, NH
Scott Godzyk answered:
Are there any rent to own properties anymore?
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 t ... more
0 votes Share Flag Mon Nov 19, 2012 Home Buying in 22204
Coral Gundla…, Real Estate Pro in Arlington, VA
Coral Gundlach answered:
i would like to move and sell my house to another i was wondering if i added there name to the mortage too.
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 mortga ... more
0 votes Share Flag Fri Oct 19, 2012 Home Buying in 22201
Marcia Burgos, Real Estate Pro in Arlington, VA
Marcia Burgos answered:
i am looking for a home walking distance to downtown silver spring
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. I ... more
0 votes Share Flag Sun Sep 9, 2012 Home Buying in Arlington
Marcia Burgos, Real Estate Pro in Arlington, VA
Marcia Burgos answered:
Is this property for sale, 2 2nd Street, Arlington VA 22222?
The address doesn't seem to exist. Can you verify the address?
0 votes Share Flag Sun Sep 9, 2012 Home Buying in Arlington
Cecil Austria, Real Estate Pro in Carlsbad, CA
Cecil Austria answered:
Can anyone recommend a radon remediation firm doing work in Arlington, VA?
None that I know of but I posted a link below that should help you find one in the area.
0 votes Share Flag Sat Sep 8, 2012 Home Buying in Arlington
Jane Jensen, Real Estate Pro in Mclean, VA
Jane Jensen answered:
Is it a safe bet to buy a home in Arlington just to rent it out ?
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 probabl ... more
0 votes Share Flag Sun Sep 9, 2012 Home Buying in Arlington
Erich Cabe, Real Estate Pro in Washington, DC
Erich Cabe answered:
I am living in India and my son lives in the U.S. Can I be a co -owner of a property in the U.S. if I give the down payment and he pays the mortgage
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 Share Flag Sat Sep 8, 2012 Home Buying in Arlington
Nancy Milton…, Real Estate Pro in Edwardsville, IL
Nancy Milton Holtzscher answered:
Who usually pays for radon remediation, the seller or the buyer?
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 environmen ... more
0 votes Share Flag Sat Oct 20, 2012 Home Buying in Arlington
Brenda Rowe,  in Arlington, VA
Brenda Rowe answered:
Is it customary to leave your refrigerator and or washer /dryer when you sell a home in Virginia?
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 n ... more
0 votes Share Flag Tue Sep 25, 2012 Home Buying in Arlington
Alexandra Ja…, Real Estate Pro in Bethesda, MD
Alexandra Jadali answered:
i am indian citizen .i have been to usa only once on visitor visa. can i buy a house in texas and i have 500,000 us dollars to invest .?
Yes, you an buy a house with cash no matter what your citizenship is.
0 votes Share Flag Thu Aug 16, 2012 Home Buying in 22202
Daniel and T…, Real Estate Pro in Arlington, VA
Daniel and Tracy Pierson answered:
How much does a bedroom or bathroom add to the cost of a home in Arlington?
How many bedrooms and baths does your home have? Also, what's the approximate square footage of each home?

--Daniel
0 votes Share Flag Sat Jul 14, 2012 Home Buying in Arlington
Marcia Burgos, Real Estate Pro in Arlington, VA
Marcia Burgos answered:
Given the demand of homes in Arlington, I’ve heard it’s fairly standard for sellers NOT to pay commissions and closing costs. Is this true?
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 sp ... more
0 votes Share Flag Fri Jul 13, 2012 Home Buying in Arlington
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