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Northern Barton Heights : Real Estate Advice

  • All14
  • Local Info2
  • Home Buying9
  • Home Selling0
  • Market Conditions2

Activity 10
Fri Oct 26, 2012
Ann Mullikin answered:
You might want to check with a tax professional, but after working with another client, I do think you might have to pay a portion or all of the grant money back if you do purchase another home before your three years are up. If you need a larger home, you might want to think about lease purchase or rent to own, while you do the same with your current home. I can refer you to some good tax professionals in the area who would be able to advise you. ... more
0 votes 2 answers Share Flag
Tue Oct 9, 2012
Maria Gilda Racelis answered:
The answer is YES. Short sales and Foreclosed properties are here to stay for a longer haul. Don't miss out on a deal or the right home because an agent refused to navigate outside of a traditional purchase and sale transaction.

I am quite sure that you will find a competent agent in your area who will be willing and able to assist you in the process.

Best of Luck.

Maria
... more
0 votes 9 answers Share Flag
Mon Feb 15, 2010
Don Tepper answered:
Will any form of health care pass in 2010?

It's anyone's guess, but I'd guess yes. Not a broad, all-encompassing bill, but bits and pieces that Democrats and Republicans can agree on. Maybe things like malpractice reform. Or limits on insurers cancelling policies for current illnesses or preexisting conditions. I think insurers are giving bankers a run for their money as the most disliked business group in America.

Will health care reform (as passed) help or harm our economy?

Not much of either. It'll help slightly. But it won't have much of an impact for a number of reasons. First, it'll be smaller, incremental steps. Second, the major drivers of the economy aren't focused around health care. The major drivers involve things like government borrowing and how money is injected into the economy. Or government borrowing and its international implications. (Or reliance on China, for example. Or what happens when the financial sector internationally loses faith in a country's ability to repay. Look at what's happening with Greece right now.)

Even in the health care area, those reforms won't have much of a macro effect. Sure, it'll help individuals (if done properly). But the huge costs in health care come from things like Medicare and Medicaid. And that's not going to be addressed in any substantive fashion with new health care legislation. In fact, most of the systemic problems weren't even addressed by the Obama plan.

I think the decision's already been made to concentrate more on the economy and worry about health care once people believe the economy has been effectively addressed.

Good question.
... more
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Wed Jun 17, 2009
James Downing answered:
I would imagine you could get out of deal; however you may lose any security deposit you put down. I would take the purchase contract to an attorney for review.
0 votes 0 Answers Share Flag
Wed Apr 1, 2015
Jeff Tevis answered:
"as is" usually means the Seller will make no repairs and/or is making a blanket statement that any problems that come up during an inspection are at the Buyer's risk. "short sale" means the property is selling for less than the Seller's owes. "subject to 3rd party approval" usually means that in addition to the Seller, and Buyer coming to an agreement, there also has to be agreement with another person (usually lien holder such as a mortgage company). My advise to you is to work with a real estate professional experienced in these sort or properties, there is usually a lot of communication that must occur between all parties. And always discuss whatever you are doing with your legal, and financial advisors. ... more
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Sun Apr 20, 2008
Bill Eckler answered:
Don't expect to get top dollar.....do expect the shaft!!!
0 votes 11 answers Share Flag
Wed Jan 23, 2008
Jonathan Osman answered:
I lived and worked in DC for years and a short commute anywhere was near impossible. Alexandria, Pentagon City, Crystal City, Arlington, would be the areas I would look. Just be aware that your commute changes drastically by when you commute. If you're a 6am - 3pm guy like I was most days, you can look out as far as Annadale or McLean but starting at 3pm, the commute builds.

Another alternative is to find a place in DC and do a reverse commute. Sure, you'll lose your voting rights and be in DC but it could be worse. If you need a good agent but in that area, I still have friends in the business who can help.
... more
0 votes 5 answers Share Flag
Sun Nov 4, 2007
Ute Ferdig answered:
Hi Nicki. I think the answer to your question depends on whether or not you are buying at auction or an REO that's listed in the MLS. If you are buying at auction, I doubt that you'll be able to get a pre-inspection done. If you are buying an REO listed in the MLS, I guess theoretically you could bring an inspector to the property before making an offer. I am just not sure that I would recommend that you'd spend money on an inspection when you don't know if the bank will even accept your offer. I would first secure an accepted offer and then proceed with the inspection. If the inspection turns up unacceptable property conditions, you try to renegotiate the price or cancel the contract. I hope this helps. ... more
0 votes 9 answers Share Flag
Thu Apr 17, 2008
Ken Herrera Group answered:
Hello Nick,

Congrats on your first step towards home ownership. The first step would be to interview 2-3 agents to represent you, they will help protect your interests. The past of this is that its usually free. Ask the agents for testimonials and figure out there techniques for getting you the home you want. Then have them help you secure your financing, making sure you have the right loan is crucial to your home ownership. Read up on Real Estate and get familiar with the "Jargon" so you can best understand what you are getting into.

Good Luck,
Ken Herrera
Century 21 Infinity
www.team.wecashflow.com
... more
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