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Rockville : Real Estate Advice

  • All166
  • Local Info14
  • Home Buying47
  • Home Selling2
  • Market Conditions12

Activity 112
Tue Sep 25, 2012
Tina Lam answered:
You can use another agent to complete the purchase of the house. If you had felt that the advice was good, then you would only be ethically bound to continue working with her. If you feel her advice was not good enough, you have no further obligation to her. ... more
0 votes 14 answers Share Flag
Mon Oct 29, 2012
Jonathan Lahey answered:
Hi there, there are other new construction homes in Rockville. Take a look at the link below for the complete list.
0 votes 6 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
Thu Jun 21, 2012
Piero Marinucci answered:
You can get a venting system installed in the house, back out of the deal, or move in at your own risk.
0 votes 7 answers Share Flag
Sat Jun 16, 2012
Tim Moore answered:
Does it have a basement? If no move on because you won't need to. If yes then have it tested.
0 votes 4 answers Share Flag
Mon Jun 18, 2012
Darrell D. Drouillard answered:
Hi David!

At the extreme max, I would recommend no more than 1/3 of your monthly income. In fact, many property management companies will not approve you if you are self-qualifying (without a spouse or other occupant) and your income is only 2 times the rent. But, any place you apply for will have specific guidelines of acceptability and they all vary slightly - so, make sure you know if you would qualify before giving up money via an application fee.

Now, that being said, I would recommend to spend no more than 1/4 of your income if possible. Trying to start out by living at the extreme point of your income will not allow you to save and will make you live paycheck to paycheck. Congrats on the upcoming degree.

Darrell D. Drouillard
Home Team of America
16719 Huebner Rd., Bldg 4
San Antonio, Texas 78248
210-881-6760 (Fax)

'Serving all Your Real Estate Needs'
... more
0 votes 6 answers Share Flag
Tue Apr 25, 2017
Greg Myers answered:
There have been 2 settlements of 2 bedroom townhomes in the Regent Square subdivision Azalea drive is located in. One 2 bedroom settled at $249,000 and the 2nd townhome settled at $256,000.

The 3 bedroom townhomes have settled for $270,000 to $334,000. This wide range of value relates to whether the townhome had 1 full bath or 2 full bath. The sole end unit sold for $334,000.

Greg Myers
RE/MAX Realty Group
... more
0 votes 8 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
Sat Aug 18, 2012
Bruce Lemieux answered:
Hi Mary - the values you see on these sites are not actual appraisals, but the results of computer algorithms. Are they pretty accurate? They can be for a home that's in a neighborhood of very similar homes (same age, size) where there's been a lot of sales. However, in many cases, they can be widely off he mark. They don't account for things that would bring a home's value down a lot -- proximity to powerlines, main road, etc. Nor, do they account for a home's superior condition/upgrades. And, even if a home isn't remarkable, estimated values can be way off if there are no recent, comparable sales for their programs to use to calculate a value.

In most cases, these estimated values do more harm than good - in my opinion since they often set a false expectation on a home's true value.

Hope that helps.
... more
0 votes 9 answers Share Flag
Tue May 22, 2012
Hugh Le answered:
Make sure the the agent is knowledgeable about the area. Most agent tend to farm a certain neighborhood or zip code. Your agent is the most important person on your side when it comes to buying the house of your dream, so make sure that person will treat as though you are their only client. ... more
0 votes 8 answers Share Flag
Thu Aug 6, 2015
Jonathan Lahey answered:
Hi Mary,

Before pursuing a short sale deal, I always ask my clients what their time frame on moving is. If you need to move immediately, then a short sale may not be ideal for you; most short sale deals take an average of 90 days to negotiate with the bank, in some cases it can take longer... there is also no guarantee the short sale will ever be approved.

If you are not facing a deadline to move, then a short sale deal MAY be ideal for you.

I'd be happy to help you through this thought process. Please take a look at the blog I wrote below about short sales.

Happy home hunting!
... more
0 votes 18 answers Share Flag
Thu Jun 21, 2012
Marie Souza Team answered:
Cost will vary depending on each property. Your agent should be able to guide you here & get you in contact with a local pro who can give you a quote.
0 votes 10 answers Share Flag
Thu Apr 26, 2012
Jessica Hood & Laura Roskelly answered:
You can start by having your Realtor research listings to see if any have gas. In many cases an experienced agent can tell you by neighborhood what services are available. If gas is available in the area I would think the next step would be to contact the local utility complany to determine where the closest service is and then contact a reputable plumber to get a cost on bringing it in to the house. ... more
0 votes 5 answers Share Flag
Thu Apr 26, 2012
Bruce Lemieux answered:
Hi Mary - Even if the home is sold 'as-is', you still want to have the entire home inspected. Since this type of system is uncommon, and more complicated that standard forced-air systems that are in 95%+ of the homes out there, you would be well served to have a heating technician with specialized experience with this type of system. So, you would have this guy look specifically at the system in addition to a general home inspector.

I wouldn't necessarily rule out the home because it has this type of system. If it's in good working condition, then you may really enjoy this type of heating. On the other hand, if it's in poor condition, the cost to repair could be a lot more expensive. And retrofitting older houses to accommodate a common forced-air system (with an air handler, furnace/heatpump and ductwork) can be prohibitively expensive.

Good luck with your purchase.
... more
0 votes 7 answers Share Flag
Mon Oct 31, 2016
Charlotte Savoy & The Savoy Team answered:
I would recommend getting legal advice. It really depends on what your Buyer Agency agreement says. If the home is under contract already, then the Broker must still represent you because that is what is listed in the contract. Wish I could give you a more concrete answer, but without seeing the documents that you have signed, it's just too tough. Good luck to you! ... more
0 votes 15 answers Share Flag
Sun Apr 23, 2017
Jules Cole answered:

If you have an address or MLS number, I would be glad to research the property and provide you with the current status.

Jules Cole
Keller Williams Metro Team Realty
... more
0 votes 6 answers Share Flag
Thu Apr 26, 2012
brent mendelson answered:
Maybe. There are different rules. First question. Are the current owners late on their mortgage? They MUST be late or the sale will be derailed @ the end. Happened to me. All worked @ the end but it was tough. Hope this helps, let me know if you need more. ... more
0 votes 6 answers Share Flag
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