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Gaithersburg : Real Estate Advice

  • All133
  • Local Info10
  • Home Buying39
  • Home Selling3
  • Market Conditions11

Activity 73
Sun Aug 29, 2010
Kate asked:
0 votes 0 Answers Share Flag
Tue Jul 13, 2010
Anna M Brocco answered:
Fortunantely or unfortunately, banks are much more stringent when it comes to making loans, they do require lots of financial documentations, etc.; therefore not as easy to qualify as in the past. ... more
0 votes 1 answer Share Flag
Tue Jul 13, 2010
Lewis Poretz - MARYLAND 203K Renovation Loans answered:
YES - it is called Lender Overlays. The FED said yesterday that banks and lenders are impeding lending and that they should do all they can to help consumers....

"Should do?" These banks were bailed out to the tune of billions... how about "Must Do" ... more
0 votes 5 answers Share Flag
Mon Jun 28, 2010
Robert McArtor answered:
What do you mean by "increase in interest rates"? My Buyers are excited about the opportunities out their in the market place. Seller's are highly motivated and deals are being made. It comes down to affordability and does the home serves the needs of the individual or family. ... more
0 votes 7 answers Share Flag
Sat Aug 6, 2011
Peter Boscas answered:
It will really just boil down to what the seller is willing to accept. Each situation is different. With the current tax incentives and spike in buyer activity in Montgomery County, prices aren't likely to change drastically. Your best bet in finding a seller willing to reduce his/her price is to find a home that has been on the market for quite a while or find a property whose owner is in distress. If you'd like to talk about these strategies further, feel free to drop me a line. ... more
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Mon Jan 31, 2011
CCC answered:
Check with the city and county you live in. It could be a mortgage for minorities.
0 votes 6 answers Share Flag
Sun Aug 7, 2011
Bob Lowery answered:
Mon Jan 25, 2010
Utz Real Estate answered:
Chad,

I see you are asking about 58 Sheridan, however I'm unable to find any listings that are active or that have been sold recently to give you any information. Can you give any additional information in order for me to give a good answer? Thanks Kevin Utz ... more
0 votes 1 answer Share Flag
Tue Oct 25, 2016
Kathi Higdon Kershaw answered:
Montgomery County schools are ranked among the highest in the nation and each school may be better for some children than others - for instance, some have ESOL, others may have a better sports or arts or music department. It really depends on what you are looking for in a school.

As far as safety -- the best bet is to call the Montgomery County Police Crime Statistics and ask them about any n'hood you are interested in. The best way to check out the n'hoods in the price range you want to be in - then check the crime statistics to see how you feel about them.

If you have any further questions, please call or email me.

Kathi@LNF.com
301-613-1613
... more
0 votes 12 answers Share Flag
Wed Nov 18, 2009
Sean Dawes answered:
Yes you are obligated to compensate if they have a buyer relationship contract with you.

Who is going to handle all the other processes including the paperwork on this deal anyway?


Sean Dawes
... more
0 votes 20 answers Share Flag
Fri Sep 18, 2009
Patrick Thies answered:
All states are different ,you should talk to your attorney about this to be certain, but if you are past all deadlines and everything is ready to go, then yes. It could be anywhere from loosing your earnest money to something more costly. You really should talk to an attorney before you make any decisions. ... more
0 votes 10 answers Share Flag
Sun Sep 13, 2009
Ania Miller answered:
(301) 869-9555

Try this number, they maybe able to direct you.
Ania
AniaMiller@kw.com
0 votes 1 answer Share Flag
Thu Nov 15, 2012
voices member answered:
Hi Anne,

I have been in those townhomes before because some very close friends of ours live there. They are very large and have nice sized rooms. Unfortunately I cannot answer your questions regarding schools and crime rates. I can direct you to some resources which will help answer those questions for you, however. You should contact the local police department for the crime stats and you can check with the Mont. Cty Board of Ed. for school info. If I can answer any further questions about a specific property in Diamond Farm, or if you would like me to conduct a search for you, please don't hesitate to contact me. Best of luck to you!

Lisa Devnew
LDevnew@cbmove.com
410-615-0990
... more
0 votes 4 answers Share Flag
Wed Jul 29, 2009
Rochelle Johnson answered:
Hi Christine!

If your estimation is correct, you would sell your home for $250K, which would bring you about $17,000 short on your obligation to the bank. If you have additional funds in the bank that could cover your shortage, that would be great. But you will still need money for a down payment on your new loan. It would be ideal if you could walk away from your existing home with a zero balance and not having to pay anything out of pocket. Then you could start fresh with your new home. If that is not an option, then you may want to consider refinancing if it allows you to save more money toward a down payment. The housing market is beginning to pick-up just a little. It is possible that in 2 years, your home will be worth more than you owe.

I hope this information is helpful. If I can be of further assistance, please feel free to contact me. I would be more than happy to run the comps on your home for you.

Rochelle Johnson
Coldwell Banker Residential Brokerage
(410) 224-2200 (office)
(301) 646-9888 (cell)
... more
0 votes 2 answers Share Flag
Tue Jul 21, 2009
Beverly Banks answered:
Absolutely! Especially if it's a drive-by. Most appraisals these days require that the appraiser come into the home to inspect the condition, size and upgrades that have been made. Appraisals are also not cheap so the fact that they are using resources that cost them money is a good sign for you.

Good luck.
... more
0 votes 3 answers Share Flag
Wed Apr 29, 2009
Jonathan S Tucker answered:
Inner Mind,

Jon Tucker with RE/MAX 100. You can try the Maryland Real Estate Commission. Google them or paste this URL: http://www.dllr.state.md.us/license/occprof/recomm.html. You can file complaint on this page.

Thanks, Jon Tucker, 443.538.4316, TuckerRealty@comcast.net, www.JonTuckerHomes.com.
... more
0 votes 1 answer Share Flag
Tue Sep 22, 2009
Bruce Lemieux answered:
Hi Guruji,

The internet has truly transformed the real estate market. In the past, real estate agents were often 'gate keepers' that managed the flow of home information to buyers. This definitely isn't the case now -- which is a great thing.

Just looking at stats on web sites and watching the news doesn't answer the questions listed here (by the way, foreclosures for the zips that you list vary widely). For a buyer, a knowledgeable agent can help educate and guide you through the market and help find the best value for your specific needs. There typically isn't a charge for a buyer agent's service.

For sellers, a good agent will provide a comprehensive marketing program, pricing guidance, staging, contract negotiation and other services. The internet is a critical part of a home's marketing plan, but the internet will never be selling homes since homes are not commodities

Based on your initial question - "I want to buy a home but don't know what price to pay" - it sounds like you could definitely benefit from the help of a real estate agent!

Good luck.
... more
0 votes 4 answers Share Flag
Thu Feb 26, 2009
Dimo answered:
It should be noted that comps in the area come in at 200K, if property was in good condition (which it is NOT). The concessions would cover closing and repairs to dangerous wiring and broken windows/appliances... ... more
0 votes 4 answers Share Flag
Tue Sep 22, 2009
Michelle Buckman answered:
Hi, Agents can not give their opinion about neighborhoods. What we can do, as agents, is give you websites where you can look up crime statistics, school statistics, etc. I would be happy to send you websites that give neighborhood statistics. I also tell my clients to visit a neighborhood they are interested in and spend some time there. I tell my clients to knock on some neighbors doors and ask about the neighborhood. Only the indivdual client can decide whether or not a particular neighborhood would be a good fit. ... more
0 votes 4 answers Share Flag
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