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Home Selling in Montgomery County : Real Estate Advice

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  • Home Buying20
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Activity 63
Mon Dec 24, 2012
Greg Myers answered:
Call Pete Hanson with Whitehall Inspecctions , He is located in Silver Spring.

petehanson@comcast.net or 301-908-0325


Greg Myers
RE/MAX Realty Group
0 votes 2 answers Share Flag
Sat Apr 6, 2013
Ellyn Pollack answered:
Hi, Bernadette. Most lenders can do a preapproval letter in less than an hour. They can talk to you on the phone and ask a few questions. run your credit, and then generate a preapproval letter. If you are referring to the final commitment after you find the house you want to buy, then the average time period is 30 days, but it can be done faster if time is critical. Sometimes they can even do it in 1 or 2 weeks.

I hope that helps. If you have more questions, email me at ellyn.pollack@gmail.com. I am an Associate Broker with RE/MAX Town Center (licensed in MD, DC, and VA)
... more
0 votes 6 answers Share Flag
Wed Jun 15, 2016
Ellyn Pollack answered:
Hi, Bernadette. An appraisal contingency is usually 21 days. You want to make sure you allow your lender enough time to order the appraisal and review the report.

I hope that helps. If you have more questions, email me at ellyn.pollack@gmail.com. I am an Associate Broker with RE/MAX Town Center (licensed in MD, DC, and VA) ... more
0 votes 12 answers Share Flag
Wed Mar 6, 2013
Robert McArtor answered:
You are speaking of what we consider a "Broker's Open House". We can certainly discuss this option. Also remember that once the property is listed, most agents will certainly be aware within the community that your property is now on the market. I have absolutely reached out to other agents who have recently sold within the community with some success. It does not mean however that that particular agent is specifically working with Buyers within that area. I have have many agents come from other counties and zip codes to show my properties. ... more
0 votes 4 answers Share Flag
Wed Nov 2, 2016
The Roskelly Team answered:
Hi Bernadette,

Find an experienced agent with a proven marketing plan and they do the work for you. QR codes are pretty cool but ultimately useless. Great preparation with a clean staged home, great photos and mass Internet exposure are all you need. ... more
0 votes 9 answers Share Flag
Sun Jun 5, 2016
Terry McCarley answered:
It is a shame you didn't do more research prior to hiring an agent. At this point I recommend you contact the agents broker and let them work it out internally - they most likely will assign your listing to another agent in the office that has more experience. ... more
0 votes 16 answers Share Flag
Tue Jun 21, 2016
Tony McMahon answered:
In short, Recently sold properties in a close proximity to the subject property , similar in style, sq ft, condition, lot size, and the homes amenities.
0 votes 13 answers Share Flag
Wed Mar 6, 2013
Phil Rotondo answered:
The national average for closing an open house is less than two percent; so one in a row on any day and time may be plenty.
As to traffic; the more the merrier for the agent doing the open house who gets prospective buyers. ... more
0 votes 7 answers Share Flag
Sun Jun 5, 2016
Kathy Hutchins answered:
Put in the contract an "as is" addendum meaning you are not going to do any repairs or address any cosmetic concerns to the property. This needs to be part of the ratified contract. If you have a ratified
contract and it was contingent on a home inspection then you have to read what the home inspection addendum says. Do you have an agent representing you?
... more
0 votes 9 answers Share Flag
Wed Mar 6, 2013
Tim Moore answered:
45-60 is pretty common in this area now.
0 votes 8 answers Share Flag
Wed Aug 29, 2012
Jody Seibert answered:
You will have a financing contingency on all but cash offers and the loan terms must be stated. More than likely, the Buyer qualifies for the loan amount at 3.5%, but may or may not at a higher rate due to debt/income ratios. What exactly are your concerns in regard to this contingency? ... more
0 votes 1 answer Share Flag
Wed Mar 6, 2013
The Roskelly Team answered:
Yes, absolutely. One of the best markets we've seen in 7 years!
0 votes 12 answers Share Flag
Tue Jul 3, 2012
Ron Thomas answered:
We are right in the middle of it:
During the summer, most houses show best;
Weather is sunny
No standing water
Roofs don't leak
Flowers are in bloom
Leaves are still on the trees

Hopes are high
kids are playing in the streets

Pretty soon, there will be an urgency to Close before mid August so that the kids can be registered for school.

Good luck and may God bless
... more
0 votes 8 answers Share Flag
Mon Jun 25, 2012
Tim Moore answered:
A broker open house is when only other agents come to see your house. It is to introduce other agents to your house so they can get a feel for it and hopefully show it to buyers they have or will meet. They usually are during the week and for 3-4 hours and often serve food to entice the starving agents to come. I think they are your best bang for the buck.

Public open houses are primarily a way for an agent to find other buyers to work with and rarely sell the house where they are.
... more
0 votes 3 answers Share Flag
Mon Jun 25, 2012
Jeff Escher answered:
Just make sure you don't sell the competition! Have the house in tip-top shape, and price it at/below the other home. Also, be sure the buyer agent co-op fee is equal/above your neighbor. ... more
0 votes 9 answers Share Flag
Wed Mar 6, 2013
Jan Brito answered:
Mary - Often the best strategy is to list your home AT market value. Listing slightly above may mean a longer time on the market. Slightly below would obviously mean a shorter time on the market and could even result in multiple offers would could potentially drive the price over asking. Some people believe that listing over market value gives one "wiggle room". In our local area, there is currently a shortage of inventory, so listing at market value should bring offers in quickly. Your zip code, 20852, is one that has been performing well. ... more
0 votes 10 answers Share Flag
Thu May 24, 2012
Ron Thomas answered:
Please do not call, what we Realtors do, an APPRAISAL:
Only Appraisers do an Appraisal.
Realtors do a CMA, or Comparative Market Analysis.

If both are done correctly, they should be close; I wouldn't guarantee that they will match up.
The two people may use different Comp houses, they may be done at different times, (even a week or two could make a difference), they may see different features and upgrades in all the houses, they may assign different values to features and upgrades:

This is not an exact science and the numbers are dynamic; constantly shifting.

Do not use one set of numbers as a weapon against the other. Not fair!
... more
0 votes 6 answers Share Flag
Wed Mar 21, 2012
Jeff Escher answered:
Based on the feedback and number of showings, it's likely the price. Buyers shop in price ranges and it seems the buyers in your range are expecting something bigger. If you drop your price your house will better fit those buyers expectations and requirements. ... more
0 votes 10 answers Share Flag
Thu Oct 26, 2017
Tim Moore answered:
You bet. Vacant homes can be seen anytime with no need to make an appointment or to call the owner or agent. Getting an appointment to see a house at 1-1:30pm on a Tuesday is harder than being told to go see it anytime.

On the flip side, some furnished homes look better than vacant ones and usually look bigger with furniture as long as they are not overloaded with it.
... more
0 votes 10 answers Share Flag
Wed Aug 8, 2012
Ron Thomas answered:
I could write an answer that would be 4 pages long:

This is too much.

I can summarize it all by saying; please contact a Realtor and have them explain it to you. This is part of our job and you need the face-to-face experience as well as the explanations to decide if this is the person you want representing you.

Good luck and may God bless
... more
0 votes 3 answers Share Flag
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