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Bethesda : Real Estate Advice

  • All159
  • Local Info15
  • Home Buying41
  • Home Selling2
  • Market Conditions11

Activity 67
Sun Aug 7, 2011
Brian Gormley answered:
In my experience, zillow, BoA and other value sites can be RADICALLY off-based. It is not infrequent that those two sites are $100,000 different in value on a $250,000 house! Answer to your question is to find a broker you trust in your area who knows the neighborhood and any nuances that may play into value. ... more
0 votes 7 answers Share Flag
Sun Feb 10, 2013
Carolyn Thompson answered:
Yes, list prices are up more than 6%. In addition, there are a low number of foreclosures and short sales in Bethesda.

Feel free to contact us if you have a Bethesda MD homes for sale. ... more
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Wed May 30, 2012
Bruce Lemieux answered:
Kiraci - that's a great question. Without going analyzing the stats in detail, I believe that the values of these co-ops have gone up and down with the market. Still, it would be interesting to see if the numbers bear that out.

I haven't had a buyer make a purchase here, but several have looked. This development has a lot to offer.
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Sun Nov 15, 2009
Ania Miller answered:
Try Capitol Title, they have many offices in the area. The branch out of Annapolis has been very giving with their education.
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Sun Feb 23, 2014
Tina Beasley answered:

Are you talking about this website or the MLS? I do not know how often this website is updated. However, I can tell you that if you are looking at a website that is directly linked to the local MLS, you will receive more up to date information. My website is directly linked, so feel free to use it.

Guidelines for the MLS require that each agent update their listing within 72 hours of a status change. Most agents do follow those guidelines since we can be fined if our listing information is not up to date.

I hope this helps you. Please do not hesitate to call me if I can help you with other questions.
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Thu Dec 13, 2012
Dallas Texas answered:
Inspector are licensed by State, have requirement and procedures to follow representing a buyer. Unconfirmed exactly what you are asking. Have your buyers agent provide you approx. 3 -5 inspectors OR google search if you are purchasing a home without a Realtor representing you.

National Featured Realtor and Consultant, Mortgage Loan Officer, Credit Repair Lecturer
Follow me on Twitter:
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Fri Jan 28, 2011
Kim Mills answered:
Yes, I can recommend a very good loan officer. You can e-mail me or call me for the info.
0 votes 7 answers Share Flag
Tue May 5, 2009
Lise Howe answered:
I think this is a great idea if -- (BIG IF)- the rent comes pretty close to covering your mortgage payment. As a realtor, I am a strong believer in investment properties, but the numbers have to be right for you. One of the many things that contributed to the very soft housing market were the investors (speculators?) who bought investment properties that could never carry themselves on the rent alone but which seemed like great deals when you included future appreciation. Now of course we all know about how speculative future appreciation can be.

In going into such a deal, I would look at the rental side just as a bank would - what is the fair market rent that you could expect. How hard is it to rent. What is the likely rental market? Are those renters being affected by the downturn in the economy? Some segments of the rental market are actually stronger because of the downturn. Also watch out for the possibility of special assessment in condo projects. I got hit with a huge special assessment to replace the retaining walls in one community, and my carefully balanced budget was suddenly out the window. Now I look carefully at the condo project itself for evidence of any deferred maintenance in balconies, decks, roofs, and the like.

On the plus side is that by living in the property for a year you not only get the first time buyer tax credit but also the benefit of a lower mortgage rate reserved for owner occupied properties.

In short, there are real benefits to your plan, but make sure you buy the right property. I would be glad to talk with you since I own investment properties also, and have had lots of great experiences and a few bad ones that I will share so you don't have to go through the same learning curve! Feel free to give me a call at 240-401-5577.
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Thu Mar 7, 2013
Bill Eckler answered:
You are right to question this concern and the inspector's ability to provide the information you are seeking. Basement moisture is extremely difficult to eliminate and leaves owners periodically dealing with the issue that has a way of reappearing.

If the cause of the problem was do to water not being directed away from the home through slopping, gutters, trenching etc. you may have solved the problem. However, there are many other sources for water intrusing that should be considered in order to find the comfort you are looking for.

Good luck
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Sun Mar 1, 2009
Ania Miller answered:
Hope that this helps.

Act MC6830207 5225 Pooks Hill Rd #404s $389,999 2 2 0 1 0 1 No 0 36 215 PROMENADE Other

Act MC6890343 5225 Pooks Hill Rd #704... $379,000 2 2 0 1 0 1 No 0 35 146 PROMENADE Contemporary

14 Act MC6929554 5225 Pooks Hill Rd #A29s $474,900 2 2 0 1 9 1 No 0 35 93 PROMENADE TOWERS Contemporary

Act MC6956162 5225 Pooks Hill Rd #816n $749,000 2 2 0 1 0 2 No 0 36 48 PROMENADE Contemporary

Act MC6977587 5225 Pooks Hill Rd #704 S... $2,195 2 2 0 1 0 1 No 0 135 20 PROMENADE Contemporary

Act MC6984599 5225 Pooks Hill #1604n $2,195 2 2 0 1 0 0 No 0 135 11 PROMENADE Contemporary
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Mon Feb 9, 2009
Dallas Texas answered:

Your executed contract governs non performance of either buyer or seller. Seller can back out of contract IF there was an option period.

Confer with attorney review executed contract OR you buyers agent detail all particulars involved. Title company would require signature release of all parties for your $100K. You might be able to recover all your expenses.

NO MATTER if seller does back out obtain all in writing regards expenses. You would need provide furnished documents of inspection, appraisal and etc. recover
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Thu Feb 14, 2013
Robyn Porter answered:
Please give me a call. I can definitely help you. I can be easily reached at 301-320-8349.
0 votes 8 answers Share Flag
Sun Feb 10, 2013
Jonathan S Tucker answered:
I am Jon Tucker with RE/MAX 100. Values have dropped by about 15% to 20%. Send me the address of one you are interested in and I can do an online valuation for you. I would like to work with you to acquire this home or any others in Maryland. Thanks, Jon Tucker, 443.538.4316,, ... more
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Wed Sep 24, 2008
Bruce Lemieux answered:
Hi Harry - There really are no good guidelines - it's a function of your home and the improvements that you want to make. It's very common in Bethesda to make significant improvements to older homes. Based on some of my clients' experiences, it's hard to spend less than a $100K for a basic addition. Depending on what you want to do, you can easily spend 10 times that amount and more.

Good luck.
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Wed Sep 3, 2008
Amanda Lopez answered:
You may find that things will pick up again in the next few weeks. August is slow as people are vacationing and getting back to school, etc.
September should be busier through November with people wanting to sell before the December holidays and before it gets too cold.
I've found this cycle to be fairly consistent and things busy in January and then slow again in February then back to spring market.
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Sat Jul 19, 2008
Maria Morton answered:
There are many discount brokers available. You can find them by doing a google search. Don't, however, expect a lot of work from them.
0 votes 9 answers Share Flag
Sun Mar 1, 2009
real estate md va dc answered:
Below is a link to every Bethesda condo on the market right now through MRIS. For that price you might have to try a little outside of main Bethesda, like the Parkside condominiums, ... more
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Tue Jun 10, 2008
Rez Kodad answered:
Jay, no one can forecast the RE Market! However, base on the analysis by different RE economist, I believe the market (Supply and Demand) will be at equilibrium by 2012. We are in uptrend and RE Agents are seeing more transactions then 2007, and we believe or better say I believe 2009 would be much better than 2008.

I believe by 2015 prices will come up at 4% - 8% annually!

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Fri Oct 24, 2008
Michael Klijanowicz answered:
Right now is probably one of the best times to purchase a home, especially a BRAND NEW ONE from a builder. Most sellers are giving significant price reductions and/or significant seller contributions in order to sell their homes. It is not uncommon when I am representing a buyer in today's market to be asking for and receiving $10,000 or more towards closing with a reduced price off the top. The same is true of builders.

Just so you know, builders have sales people in their model homes and as of this past October they were required to be licensed real estate agents, however, THIS DOES NOT MEAN THAT THEY REPRESENT YOU OR YOUR INTERESTS! They work for the builder, not for you, and many of them will allow you to have a buyers agent (AND WILL PAY FOR YOUR BUYERS AGENT) to work for you and help you negotiate against them for the best deal. However, for obvious reasons, they don't usually go around bragging about that.

As far as the market goes, it is definitely a buyer's market right now and I don't know how long it will last, but if I were in a position to buy a home, NOW IS DEFINITELY THE BEST TIME!

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