washington dc homes for sale: 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 homes for sale: 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 homes for sale: 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 homes for sale: 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 homes for sale: 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)
washington dc homes for sale: Closing Cost - Your Washington, DC Area Realtor
- 11/04/10 07:51 PM
For those who really don't know what closing cost are and how they are calculated let me help you; closing cost. Let's go back a few years ago. When an offer was made it would usually have a request of 6% closing assistance from the seller. With foreclosures and short sales holding most of the inventory in the Washington, DC area. Today in 2010 approaching 2011 the most that is given is 3%, 4% in some cases with foreclosed and short sale properties. You can ask for 6% but you're only wasting time. Click for more here. Damon J. Brockenberry (Damon … (1 comments)
washington dc homes for sale: How Interest Rates Applies - Your Washington DC Area Realtor
- 10/29/10 04:34 AM
Very often people ask me "what is the interest" and my response to them is "depends on you". Usually there response is I heard it was at the lowest in 30 years and I smile. First let's define what the interest is and how it applies to every homeowner or potential homeowner. Click here for more.
Damon J. Brockenberry (Damon The Agent) Washington DC Area Real Estate Services Servicing Washington, DC, Maryland, & Virginia cell: 240-694-6460 e-mail: sold@damontheagent.com … (1 comments)
washington dc homes for sale: Minimum Credit Score Increases Effective 11/15/2010 - Your Washington DC Area Realtor
- 10/19/10 03:10 AM
I saw this coming years ago and lenders have talked about it earlier this year. The restructuring of Home Loans continues. The minimum credit score requirement increases to 640 effective November 15th 2010 with the loan locked in, not just getting a desktop underwritten approval. That means if you are not locked into a loan by then with the minimum 620 you will need to have a minimum of 640 in order to qualify to get a loan after November 15th 2010. Click here for more.
Damon J. Brockenberry (Damon The Agent) Washington DC Area Real Estate Services Servicing Washington, … (1 comments)
washington dc homes for sale: Which Home Loans are Available Today - Your Washington DC Area Realtor
- 10/12/10 02:54 AM
From 2001-2005, Interest Only, Adjustable Rate, & No Document Loans were the most popular loans used. Unfortunately those loans were used strategically to get buyers into homes they really couldn't afford thus came the crashing of prices and the increase of foreclosures on homes once those loans grace period was over and their monthly payment sky rocked. Now that the market has corrected itself FHA (3.5% of purchase price down payment), VA (Veterans Administrative - For Military & Family), & Conventional (Which requires 10-20% down) are the most popular ones used. Click here for more.
Damon J. Brockenberry (Damon The … (2 comments)
washington dc homes for sale: Can my house still SELL in this market - Your Washington DC Area Realtor
- 10/07/10 11:10 PM
With so many people upside down on their mortgages and foreclosures hitting all time highs, some home owners wonder can they still sell their house. The answer is yes but a lot has to do with why is the home owner selling. Is it because they can no longer afford their mortgage or are they trying to make a profit because of the UNREALISTIC market we experienced between 2001-2005. Click here for more.
Damon J. Brockenberry (Damon The Agent) Washington DC Real Estate Services Servicing Washington, DC, Maryland, & Virginia cell: 240-694-6460 e-mail: sold@damontheagent.com … (3 comments)
washington dc homes for sale: Why are 203K loans popular these days - Your Washington DC Realtor
- 10/05/10 01:21 AM
Many potential buyers who are viewing properties are asking themselves, what is a 203K, how do I use it, how long will it take to complete, what's the difference, what are the different kinds & do I have to use it. The answers when fully explained can be the difference between a smooth transaction & a nightmare. Within the last decade the way a foreclosed property & the very popular short sale property is bought is totally different compared to years ago. Click for more here
Damon J. Brockenberry (Damon The Agent) Washington DC Real Estate Services Servicing Washington, DC, … (2 comments)
washington dc homes for sale: How long after doing a short sale can you buy again - Your Washington DC Area Realtor
- 09/28/10 01:45 AM
Depending on the outcome of the short sale there have been various answers to this question. Majority credit is affected, some bring cash to the table, others do a promissory note, while many look for the bank to defer the difference in which many home owners still find themselves paying taxes on a partial mortgage on a home they no longer own. The truth is effective June 30th 2010 the guidelines have once again change. Click for more! Washington, DC Real Estate Services Damon The Agent specializes in selling homes in Washington, DC, Maryland, and Virginia. Short Sales, Foreclosures, New Homes, … (0 comments)
washington dc homes for sale: What Buyers Need To Do - - Your Washington DC Area Realtor
- 09/21/10 02:25 AM
Many programs funds have depleted and in order to be in a position to buy, buyers in the Washington, DC area need to take 2 major steps that will make the rest of the home buyer transaction quite simple. Click Here - Blog. Washington, DC Real Estate Services Damon The Agent specializes in selling homes in Washington, DC, Maryland, and Virginia. Short Sales, Foreclosures, New Homes, Regular Sales. 240-694-6460 … (0 comments)
Washington, DC Real Estate Services Damon The Agent specializes in selling homes in Washington, DC, Maryland, and Virginia. Short Sales, Foreclosures, New Homes, Regular Sales. 240-694-6460 … (1 comments)
Washington, DC Real Estate Services Damon The Agent specializes in selling homes in Washington, DC, Maryland, and Virginia. Short Sales, Foreclosures, New Homes, Regular Sales. 240-694-6460 … (2 comments)
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)
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