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Potomac : Real Estate Advice

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  • Local Info10
  • Home Buying37
  • Home Selling6
  • Market Conditions7

Activity 61
Sun Mar 17, 2013
Greg Myers answered:
Elemenatary school: Ritchie Park

Middle School: Julius West

High School: Richard Montgomery


Greg Myers
RE/MAX Realty Group
0 votes 4 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
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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
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
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
Tue Nov 19, 2013
Rick Reed answered:
If you are comfortable with the sales price and can close the sale without the appraisal being an issue then it would make sense. Have your agent run comps for the neighborhood to help with your decision. ... more
0 votes 11 answers Share Flag
Mon Jun 27, 2016
Robert McArtor answered:
Absolutely you can lease to own. You have options. First...have you thought of a Short Sale for your current property. This can help you in the long run when trying to purchase or lease to own another home. Even if you have received a Notice of Intent to Foreclose..we can still help you. Contact me through my website or call me today 443-392-4833 or http://www.MarylandHOMESTeam.com/ ... more
0 votes 6 answers Share Flag
Fri Jul 27, 2012
Rita answered:
I completely renovated my basement including an additional full bath and a new bedroom, and mini-kitchen/wet bar (granite countertop and brand new wood cabinets). Also, renovated 1/2 bath and laundry/mud room on the ground floor completely. How much value would that add to my property value (we have 4 bedrooms and 2 full baths upstairs)?? It might help pay off my 2nd mortgage that I ve used for all those renovations by refinancing. ... more
0 votes 6 answers Share Flag
Sun Oct 2, 2016
Brinklowboy answered:
There is no metro. Forget about it. Drive. Metro sucks anyway, and it would actually be cheaper to drive, unless the feds are paying your fare, in which case, buy a little house in Arlington like all good government workers do. ... more
0 votes 3 answers Share Flag
Mon Jun 13, 2016
Christy Bakaly answered:
Hi, Karin. You can reach me at 301-412-8830 or christy@longandfoster.com. Would like to help you!
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
Fri Sep 16, 2011
Tim Moore answered:
He will likely use the finished space in the value calculations. it won't matter to the appraiser if it is painted green or blue or has a fancy door or a plain one, the value of finished space vs unfinished will be the real difference. As long as they are not appraising it AS IS would be important. You say they are inspecting it AS IS and I am not sure what you mean by that. Appraisals for refi's are often more lenient than for new purchases. ... more
0 votes 3 answers Share Flag
Tue Aug 30, 2011
Alex Saenger answered:
Hi Rita,

The additions should indeed add value to your home appraisal. The key to getting a good appraisal is to be there when the appraiser comes. Walk him/her through the house and highlight all the "newness" in the house like the windows, roof, AC...all the things most people might miss. The high ticket items like a roof or AC and even windows can be overlooked but represent tens of thousands in added value. Similarly, homes with more bedrooms and baths tend to have a higher value, so your additions should help. Just be sure to give the apprasier the big picture of what it will be like when completed. ... more
0 votes 6 answers Share Flag
Wed Feb 3, 2016
Jonathan Lahey Your Home SOLD Guaranteed answered:
Hi,

You can consult an expert with this kind of problem. Like good agent , that can explain to you better the situation and the process of renting a home.
0 votes 1 answer Share Flag
Tue May 28, 2013
Liz Noriega answered:
What a deal! If the trees area yours and she is paying for the removal of the trees, that is a very gracious offer. If the trees are yours, they are technically your responsiblitiy. And if she is offering to pay for the removal and you only have to pay for the stump grinding, you are a lucky homeowner. But if you were not planning on removing the trees any time soon, you could insist that she pay for the whole removal process.
Once again, what a deal! Good luck. Liz
... more
0 votes 11 answers Share Flag
Tue Jun 14, 2016
Craig Fauver answered:
I guess? If they can afford the house they will be able to document it though, the only exception I can see is if someone takes their part-time business full-time because it is doing well there should be a shorter waiting period before they qualify, although I just saw a Prosperity Mortgage option that accepts 1 year return for a Schedule C filer, better than 2 I guess. ... more
0 votes 7 answers Share Flag
Mon Jan 23, 2017
Bruce Lemieux answered:
I couldn't explain why Washington Gas services some neighborhoods, but not others.

The lack of public water and sewer in much of Potomac (and many other areas of the County) is the result of County planning. With public water and sewer comes denser developments, more roads, more congestion, etc. So it's all part of the County's master plan. ... more
0 votes 4 answers Share Flag
Tue May 31, 2016
Ania Miller answered:
Mon Jun 13, 2016
answered:
When a home is appraised the apppraiser gives a land value. It is definately an opinion of value but then so is the entire appraisal. In Potomac the land at times can be worth as much if not more than the house. Usually that would happen when the home is smaller and or older. The appraisers have ratios and formulas they use but I don't know how exactly they determine the exact value of the land. Hope this helps. ... more
0 votes 7 answers Share Flag
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