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Great Falls : Real Estate Advice

  • All22
  • Local Info0
  • Home Buying7
  • Home Selling0
  • Market Conditions1

Activity 16
Tue Mar 19, 2013
Dina Azzam answered:
There are many steps to follow to get a home built. Starting with confirming zoning, permits, interviewing builders, reviewing designs, coordinating with the lender and so on.

Please let me know if you could do with my help. I am a Realtor and an Architect. I will not design homes anymore, but can certainly help explain the process and get it on the right track.

Thank you

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Tue Sep 18, 2012
Scott Godzyk answered:
You will have to read your bylaws and perhaps will need to meet with an attorney to get some advice regarding your specific state laws. Anything you do should be in writing with your proof they did not comply. ... more
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Tue Jun 26, 2012
Samuel Smith answered:
Not necessarily. Are you looking to sell? If the price seems fair to you there is no reason not to consider it. There are many developers out there looking for properties in old neighborhoods to build new homes. Perhaps this is the case. I would make sure your are being offered a fair price and that you recieve the price in full at settlement and do not have to hold a note. Let me know if I can help you in any way. Good luck!!! ... more
0 votes 8 answers Share Flag
Sun May 6, 2012
Faiza Alvi answered:
Hello Travis:

Basically, it all depends on the exact location of the lot, condition of the land, perc approved etc. The approximate value can range between $450,000 - $650,000.

Here are some available:

If you need more information please feel free to contact. My team would be happy to assist you with your buying and/or selling needs.

Best Regards,
Faiza Alvi - Realtor®
Prince William Realty, Inc.
703-389-7973 (Direct)
703-580-9995 (Fax)
2011 - PWAR Million Dollar Club Member.

I believe:
Real Estate is about building relationships
& serving clients with honesty, integrity & passion.
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Sat Nov 12, 2011
The Spear Realty Group answered:
Dear Doug,

Due to the subjective nature of tax assessments in Northern VA, we use these purely as a just one of our market valuation tools because if you neighborhood suffered from many distress sales, we have seen the assessed values are more negatively affected than others within the Great Falls zip code.

According to our MLS statistics, average sold prices in Great Falls has actually increased by 8.8% from sales reported in the month of October 2010 in comparison to sales reported in 2011. Please refer to this report:

And more more information you can visit the website referenced below.

I hope this information is beneficial.
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Sun Jan 9, 2011
Phil Rotondo answered:
Good Morning Fred;
It would help; but if the appraiser is an expert appraiser you should be in good hands.
It has been in my experience that appraisers will consult with local Real Estate agents and other professionals in the County to verifty the information they have collected. ... more
0 votes 13 answers Share Flag
Sun Jul 11, 2010
Dan Tabit answered:
What the blog describes isn't much different from what many agents do. Forget the phrasing, "facilitator" interview agents and discuss what services they are willing to provide, what their experience is and why you should chose them over the competition.
If you are looking to "drive the bus" as the blog indicates, make sure you choose someone willing to let you do this, but remember Agents have a responsibility to advise you when you are making what they may believe is a bad decision. Some will more than others based on thier knowledge and experience. That's why you should interview a few and decide who is a good fit for your expectations and experience.
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Sat May 31, 2014
Don Tepper answered:
In today's market, most appraisers tend to be on the conservative side. Very, very few are inclined to give an inflated value.

However, if you're in the market to buy a home, hold off on an appraisal until after you get a house under contract. An appraisal will cost about $300-$400 (roughly). So you really don't want to spend that until you have to.

Keep in mind, too, that an appraiser will look at the property's value from three standpoints: Market value, replacement value, and value based on income that could be generated from the property. That's fine, but really all you're interested in is the first one, market value. At this point--before you've even made an offer--an appraisal is overkill.

Instead, get yourself a buyer's agent--a Realtor representing you. The Realtor will be glad to run comps on any home you're considering at no charge. And because the agent is representing you, there's no incentive for the agent to inflate the value of any property you're considering.

When you make an offer, you'll include a financing contingency in your offer. And that, in effect, ties in with the appraisal. But the problem most folks are having today is that some homes aren't appraising for the contract price. You and the seller may agree on a price of, say, $400,000, but the appraisal might come back at $350,000. Almost never will an appraisal come back for more than the contract price.

Hope that helps.
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Thu Sep 2, 2010
William answered:
Wow, no one willing to consult? There are so many people on here willing to respond, I thought I would have 20 takers.....strange..
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Mon Mar 8, 2010
George Creed answered:
Good question. I have found that many third party approvals need 2 property valuations; often a BPO (which may or may not be worth much) and a second evaluation/opinion. In my experience, it is prudent for the agent to run a set of comps to send with the offer package to indicate where the market is at that moment. Once credible valuations are on hand, the negotiator can move the process along -- accept, or counter. Oftentimes with a good package - things can happen in 30 days; otherwise expect 45-60 days+. You need good agents who will stay on top of the process. ... more
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Fri Nov 27, 2009
Grace Hanamoto answered:
Hello Mpk73 and thanks for your question.

In most states, an agent's license is sufficient to serve as the manager for a residential property, however--and this is the big "however"--in most circumstances, you cannot run the management company through your own DBA or corporation; it must be run through the broker's office where you work. In other words, the broker's company name and address must appear on the rental agreements, the management agreement and the rental checks that are sent over to the office. To avoid having to make the residential rental company a "part" of your employing broker's business, you must usually be a broker.

For more information on the requirements for management, talk with your State's real estate licensing department or your local Board of Realtors. Good luck!!

Grace Morioka, SRES, e-Pro
Area Pro Realty
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0 votes 2 answers Share Flag
Thu Oct 22, 2009
Sue Richey answered:
Hi Anmarie, In Trulia, agents have to "claim" their listings and if they don't they are not linked to a specific agent and I agree, it does make it confusing who to call. It might be easier for you to simply find an agent you trust and gather your information through that person - a good agent will make your search easier! If there is any information I can help you with, please let me know. Thanks!

Sue Richey
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Wed Aug 25, 2010
Christine Shevock answered:
You're right, Langley is consistently in the top 5 high schools in Fairfax County and usually is #1.
0 votes 4 answers Share Flag
Wed Sep 16, 2009
Monika Kumar answered:
I feel you must have a short sale addendum attached to it and the SS approval letter was not yet delivered so I guess nothing much. But I feel the pain, the thing is lenders themselves are calling the folks to modify even though SS is in works! They want homeowner to keep the house and in your case they probably offered him good terms that were better than renting for them.

But this is becoming more common in this market.
703 626 3327
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Mon Jan 10, 2011
Gordon Johnson answered:
You certainly can try to put the deal together yourself, I believe you would not get the outcome that you desire. A buyers agent will be able to help you determine what the property is worth and will help you structure the deal to meet your needs. Many people seem to believe that the seller will pass along the savings if they don't have an agent. In reality it will probably end up costing you much more because of the mistakes you will make in putting together the deal. Many banks will not negotiate they will only accept or reject offers. You may have to submit several offers before you reach a level that the bank will accept. Since the seller pays the commissions you have nothing to loose by hiring an agent. I suggest visiting the following website to find a buyers agent. The Real Estate Buyers Agent Council (REBAC) has an on-line directory that will help you find a Buyers Agent that has earned the ABR (Accredited Buyers Representative) designation. An ABR has experience and speciality training to help you with the purchase of a home. Good Luck! ... more
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