washington dc distressed properties: How Much is Closing Cost - Your DC, MD, & VA Realtor
- 09/07/11 01:41 AM
When dealing with buyers many seem to be caught up in the thrill of looking for a new home. The question many ask is how much is closing cost gonna be. My first response is to initially refer them back to their lender because when it pertains to numbers my primary job is that of a Realtor my goal is to sell or find a home for my clients. Anything else I refer to the professional in that field. I do understand what buyers want so I provide myself with as much knowledge as possible. With that being said I always … (0 comments)
washington dc distressed properties: Got Upside Down Mortgage...Get Options - Your Washington, DC Area Realtor
- 08/03/11 01:28 AM
In today's economy many homeowners are hurting and are upside down in their house. Some have tried loan modifications and many have failed at that attempt. Some have clearly just walked away thinking that is/was their ONLY options. WRONG, WRONG, WRONG, WRONG, and WRONG again! In the bible it says "my people perish for lack of knowledge". Let's start out by saying foreclosure is NOT an option. Now that we have our mind made up on that. There are other options such as doing a short sale. Many have heard the horrible stories about the process but that is ONLY when … (0 comments)
washington dc distressed properties: Low Ball Offers - Your Washington DC Area Realtor
- 08/02/11 01:47 AM
It's currently a buyer's market which means buyer's have the upper hand in negotiations STOP right there. Please get that thought out of your head. Real Estate is and has always been based on location, location, location. What applies in one state, city, zip code, or subdivision does not necessary apply to ALL. It is as much local as the mail person. Investor's no matter what market it is are always making low ball offers. It's what they do so of course they are gonna insult the home owner or play on distressed home owners because again that's what they do. … (1 comments)
washington dc distressed properties: Derogatory Marks on your credit HURTS YOU - Your Washington DC Area Realtor
- 07/27/11 02:11 AM
When I get a phone call from a potential buyer who wants to buy a house and I ask what is your credit situation for some odd reason sometimes some of them say they don't know, WARNING SIGN. When I hear that to me it usually signals not good (just from my experience). Usually people who have good credit stay on top of theirs very frequently like monthly or quarterly but not the I haven't pulled mines in years routine. Usually with this comes collections or derogatory marks such as charged off accounts, repossessions, sometimes foreclosures, or even child support. A … (1 comments)
washington dc distressed properties: First Step in Purchasing A Home - Your Washington DC Area Realtor
- 07/26/11 12:49 AM
In today's Real Estate market houses for sale are around every corner and on every block it seems. Buyer's being properly financed doesn't always seem to be. Many buyer's have not been updated as to the process of purchasing a home in today's market. I find many are using historic buying methods, that don't apply to today's forever changing housing market. It's unfortunate that some buyers are not aware of the steps that NEED to take place in order to have a very successful and smooth transaction. Going to view a house first and then being concerned about financing is actually … (0 comments)
washington dc distressed properties: Importance of a Home Inspection - Your Washington, DC Area Realtor
- 07/20/11 01:35 AM
Sometimes people try to cut corners when buying a house. One of the short cuts they try to take is avoiding getting a home inspection in the sense of trying to save money so they can do things when they move in. One of the biggest mistakes anyone can make is avoiding getting a home inspection. Whether the house is new, used, or being built. Home Inspections reveal so many unseen hidden facts that only a home inspector can and will find before it's too late. One key factor that home inspectors do is they check the electrical wiring to ensure … (3 comments)
washington dc distressed properties: How Home Ownership Builds Credit & Wealth - Your Washington, DC Area Realtor
- 07/18/11 12:20 AM
Many people who buy homes these days are swarmed with solicitation from credit cards, local car dealers, and home lenders for the purpose of obtaining an home equity loan, the moment they purchase their new home. It's because the creditors know something many new home owners are unaware of and that is the new home owners stock has just risen and their name has been put on a list because of this. A good example is when filling out applications, applying for any type of credit where the other party is lending money one of the key contributing factors besides just … (0 comments)
washington dc distressed properties: Property Tax Sales - Your Washington, DC Area Realtor
- 07/05/11 04:03 AM
Many homeowners who fall behind on paying their mortgage payments are not always current paying their property taxes. Once this happens just like regular taxes the county places a lien on the property then eventually auctions the property for a tax sale. Many people have asked me the question if I pay the taxes do I own that property. That's a good question & depending on each states the answer varies. I mean how great is that if you pay $20,000 in taxes and own a $500,000 house right too good to be true correct that's because most mortgage companies will … (0 comments)
washington dc distressed properties: Distressed Properties - Your Washington, DC Area Realtor
- 05/31/11 12:44 AM
REO, Foreclosures, & Short Sales are dominating the housing market across the Washington, DC Area along with across the country. Finding a diamond in the rough can be difficult but it is possible and doable. Many investors, along with first time home buyers are out diligently searching daily and nightly for that ONE property that meets their needs. Distressed Properties are properties that are usually below the current market value and have been run down, abandoned, or not been taken care of for whatever reason. Like it has always been noted it really is about LOCATION, LOCATION, LOCATION. Being as though … (0 comments)
When dealing with buyers many seem to be caught up in the thrill of looking for a new home. The question many ask is how much is closing cost gonna be. My first response is to initially refer them back to their lender because when it pertains to numbers my primary job is that of a Realtor my goal is to sell or find a home for my clients. Anything else I refer to the professional in that field. I do understand what buyers want so I provide myself with as much knowledge as possible. With that being said I always … (0 comments)
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