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Home Buying in Haymarket : Real Estate Advice

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Activity 15
Sun Jan 19, 2014
Chris Ann Cleland answered:
The amount of house you can buy now is a certainty. In waiting to get to a 20% down payment, who knows where interest rates will be. If they go up, your buying power decreases. And home princes are increasing in the Western PW County market.

If you are on a conventional loan with PMI, you can always refi when you do have enough to get out of it. That's what I would recommend. Waiting to avoid PMI could cost you more in the long run as interest rates will start to go up.
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Thu Jan 16, 2014
Konnie Mac McCarthy answered:
0 votes 6 answers Share Flag
Thu Jan 16, 2014
Elissa Goode Hackerson answered:
Hi there, the commute between Fair Oaks and Haymarket in rush hour can be 25-45 depending on weather, accidents, etc.

please contact Deliea Roebuck at sweethomeva.com or 703.505.5252 to explore housing in your preferred area. Take a read at the client testimonials on her site, so you can get a sense of how hard she works for her clients.



Good luck!
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0 votes 11 answers Share Flag
Thu Jan 16, 2014
Laura Feghali answered:
Hello Ada,
It appears that the home you are referencing already has an accepted offer as the status states that it's contingent. I suggest that you contact the listing agent who's contact information is at the bottom of the property's listing page for more information.

Best wishes!

Laura Feghali
Prudential Connecticut Realty
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Sat Nov 24, 2012
Stephanie Hardman answered:
Hello,

I just talked to several other homeowners just recently about the many advantages to selling now rather than later. During the holidays most homes show better because they are decorated for the season. Another couple of reasons is that buyers looking to buy now are very serious. They want their new home for the holidays not to mention the tax benefits. There re several other reasons that a priced right home can sell very quickly now rather than later. I would love the opportunity to discuss this further.
Caller text me at 703.596.2035 or or visit my website for market information and then call, text or email with any questions that you may have.

Kindest regards,
Stephanie Hardman
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Tue Nov 22, 2011
Irene Morales Ward answered:
If the property was a model home, it had an occupancy permit and was thus deeded to the builder/owner upon completion and before being used as a model home. Because title had changed once, it can no longer be considered new home construction. The fact that your property appraised for $105k is indication that the value is not there according to your lender's specifications and guidelines. If you did not have an appraisal contingency (and most builder's contracts do not unless this was a VA or FHA loan in which case there is an amendatory clause allowing you to cancel the contract without penalty if the property does not appraise), then you may have a problem getting out of the deal or reducing the price. I would recommend you seek legal counsel if you are using conventional financing. Of course, most model homes are loaded with extra options that appraisers often times neglect to give proper value to. But I seriously doubt the appraiser missed the value by $19k!! ... more
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Sat Nov 24, 2012
Jim McCowan answered:
The first thing you do is ask the seller to reduce the price to the appraised value. If he/she won't do it, you can walk away and get your earnest money deposit back.
0 votes 12 answers Share Flag
Tue Oct 12, 2010
Vicky Chrisner answered:
Nothing is wrong on Youngs Drive that I know of. I used to live there - 2011. Loved it. Still have many friends in that neighborhood. Often we see that there are definative cycles of homeownership and that means that homes that are mostly built around the same time will all go up for sale about every 7 years....so commonly you see many homes on the market in one neighborhood at within the same year while the neighborhood down the road has very few for sale.

Right now, there's only one home actively for sale on Youngs Drive, and one under contract.

Are you considering a purchase in that area? I would love to help you. Please let me know if I can - 703-669-3142 vchrisner@kw.com
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0 votes 6 answers Share Flag
Mon Jan 9, 2017
Gail Davis answered:
Hi Rika,
Under contract means that another buyer has put an offer to purchase on a seller's home, in writing, and the seller's have agreed to all the terms. It's "Under Contract" while the buyers are having the home inspected for defects and while they are working with their bank to get a loan. Obviously, a lot more is going on during this time but it generally takes 30-45 days for a house to "be" under contract, it will then go to "closing" meaning money is given to the seller for the purchase of their home. In North Carolina, a kick out means that if another buyer goes to the seller (via their REALTOR if seller has one!) with another offer and the seller would like to accept the terms of this offer, they CAN NOT get out of their first contract UNLESS (well there maybe other reasons but for this question) UNLESS they have a clause in the first contract that states ...seller may terminate offer to purchase and contract within 48 hours (or something similar). Meaning the first contract will be KICKED OUT. NO kickout means that the buyer and seller are firm in their "under contract" and they can not get out of it. It doesn't matter how many other offers come in. Let me say, though, that the seller DOES NOT HAVE TO SELL. BUT if they back out of their contract, this is called BREACH of contract and the buyer can SUE them. So usually, the buyer and seller stay "under contract" until they close. (Every contract is different but this is the nuts and bolts of it) Believe it or not, this was a quick response! I hope it made sense! Let me know!
Also, if the house you're looking out says under contract - no kickouts and it's been over 60 days, I'd call the agent representing the seller. Something maybe wrong and you possibly could still get the house! I can refer you to a Virginia REALTOR, let me know if you like this help!
Gail Davis, Beverly-Hanks & Associates, REALTORS, Asheville, North Carolina *800-868-8999
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Tue Jun 15, 2010
Anna M Brocco answered:
It really depends on your contract--you can try to renegotiate the price, sometimes it works, others not --you may wish to consult with an attorney who specializes in real estate and have all related paperwork reviewed. ... more
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Tue Dec 29, 2009
Richard Lecinski answered:
Short sales can take a lot of time. Keep pushing your agent to stay ontop of it. In time it should work out. Good luck
0 votes 5 answers Share Flag
Mon Sep 7, 2009
Gayle Sfreddo answered:
There is a 5 bedroom, 3 bath home for sale on Slippery Rock Road listed for $392,000. Feel free to call, text or email me for further details. (703) 932-0183, www.MoveMeInVa.com
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Thu Dec 3, 2009
Konnie Mac McCarthy answered:
It typically takes a couple of days, unless there are multiple offers then it can take up to a week...But typically not very long.....the process is pretty smooth (or it should be :) It is the short sales that are difficult to predict. ... more
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Sun Dec 6, 2009
Julie Holtkamp answered:
Kevin,

You need to have a buyer's agent to represent you in this transaction. Builder reps only represent the builder. Hire a realtor who will get paid by the builder, but will have your best interest at hand and advise you as to what is a fair market value for this house. I have represented many buyers in this capacity and in the beginning, it seems they don't need our help, but somewhere along the way, they are very grateful to have a professional representing them! Good luck! ... more
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Mon Oct 11, 2010
Julie Holtkamp answered:
I did not see that price in the tax records. Where did you see that number? What was the transfer date? In MRIS it shows a much higher value from 2003. I have no information on that house other than what is public record. ... more
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