washington dc real estate agents: 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 real estate agents: 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 real estate agents: 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 real estate agents: 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 real estate agents: 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 real estate agents: Property Taxes Decrease in Maryland - Your Washington, DC Area Realtor
- 07/19/11 02:28 AM
For years mainly since we entered into the 21st Century property taxes in the state of Maryland has gone up. In many areas drastically. Taxes had been going up for over a decade but had gone mainly unnoticed when the housing market prices skyrocketed between 2001-2005. As housing prices went up during that season of an unusual market so did the property taxes. Once the housing market prices came to a halt then dipped is when many home owners really took notice. Many wondered what could they do to lower such high taxes. In many cases property taxes would cause mortgage … (1 comments)
washington dc real estate agents: 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 real estate agents: 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 real estate agents: Buying Season - Your Washington DC Area Realtor
- 05/16/11 01:37 AM
With housing prices at an all time low and spring in the air this equals buying season. From investors to first time home buyers, everyone is looking for a deal or a steal especially with little to no repairs needed. Buying season usually runs from April to September. People move during this period for various reasons, some strategize on the kids leaving school or moving before the next school year. While others look for more space or to downsize. Some just season a bargain & realize they can get more house for less. With buying season comes the competitiveness of buyers … (0 comments)
washington dc real estate agents: How Long Short Sale Takes You're Buyer - Your Washington, DC Area Realtor
- 05/04/11 01:38 AM
Welcome to the world of Real Estate 2011. You see a property you like, you want to write an offer on it and you find out it's a short sale. But you really want to purchase that property, question is how long is this process going to be when you're on the buyers side. Where you have no control of the transaction like you would have on a traditional sale when it's a buyers market. Key factors to know how long this short sale process could possibly take when you're on the buyers side. 1) Which bank is it you are … (4 comments)
washington dc real estate agents: Short Sale vs. Deed in Lieu Foreclosure - Your Washington, DC Area Realtor
- 04/19/11 09:25 PM
Short Sale or Deed of Lieu Foreclosure is the question. Seems many homeowners who are upside down and want to get out without foreclosing are asking themselves this question. Short Sales which are extremely popular and in many cases time consuming due to the 3rd party (the homeowners lender). These days the process is much quicker and not as bad as they were a few years ago. Deed of Lieu Foreclosure has been thrown into the picture mainly an option given to homeowners by their lender. Now it has many homeowners contemplating on which would be best for them. Short Sales … (0 comments)
washington dc real estate agents: How Long Does It Take To Complete A 203K? - Your Washington, DC Area Realtor
- 04/13/11 12:35 AM
How long does it take to complete a 203K? This can be a simple question with complex answers. Depending on which 203K is used it can vary. It can also vary by the size of the property and what's actually being done to that property. Again a streamline 203K loan are repairs that are under $35,000 and a full blown are over $35000. With that said the typical time frame involved in a streamline is 30 days or less and with a full blown it's usually 30-60 days. Now there are contributing factors such as, what are the repairs that are … (3 comments)
washington dc real estate agents: Repair Cost in Using A 203K Loan - Your Washington, DC Area Realtor
- 04/06/11 07:39 AM
Foreclosure, short sale, foreclosure, short sale does it seem like every other house is either a foreclosure or short sale that require some kind of repair or repairs. Well the 203K loan is available to help in many cases. Which 203K loan applies, the streamline or the full blown. The streamline again is that which requires up to $35,000 in repairs, while the full blown is anything over $35,000. The lender usually assist in this factor after the FHA inspectors conducts their inspection of the property and with choosing licensed and boned contractors. Many ask how is the 203K cost effective … (0 comments)
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)
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