information for first time home buyers: Why Do You Need A Survey When Buying a Home ? - 01/19/13 11:40 PM

Why Do You Need A Survey When Buying a Home ?
A Survey is essentially the exact markings of the size of your property.. .  A surveyor will draw a map that shows the property limits as well as where is the house located inside your lot, a detached garage and other features as well. 
This will include boundary fences or walls, driveways and sheds and their location. A survey also will reveals easements such as power poles drainage ditches, sewer lines, etc.
This information is especially important for you if you decide to make any additions to your … (4 comments)

information for first time home buyers: Do I really Need an Agent To Buy a House? - 01/19/13 05:36 AM

Do I really Need an Agent To Buy a House?  Why almost 90% of home buyers use a real estate agent to buy a home in the US? I can assure you that is possible to go out and buy a home without the help of a real estate professional  The question is why? Why should you? They don't charge buyers for their services. .the sellers pay that for you!  There are 3 major reasons why you should use an agent. . The #1 reason is MONEY!. .  they will save you a lot of money. . Check this video to find how.   
            … (3 comments)

information for first time home buyers: Have You Seen Interest Rates Lately ? - 10/14/11 07:21 AM
Buying Homes in Montgomery County Maryland
Have You Seen Interest Rates Lately ? In order to motivate my buyer agents this past Monday, I sent them this picture. . One of our partner loan officer just sent this message to my company: "3.750 % NO POINTS!!!!" FIXED RATE!!! We are in the middle of a revolution when it comes to buying homes. . Never heard of rates are available for the savvy buyer. .
Are you expecting the rates to come down more?
While is beneficial that you do not plunge into buying a home without a plan. .you have to … (9 comments)

information for first time home buyers: WHAT YOU SHOULD YOU ASK YOURSELF BEFORE YOU RENT OR BUY YOUR NEXT HOME ? - 10/14/11 06:36 AM
Buying Homes in Montgomery County Maryland
WHATYOU SHOULD YOU ASK YOURSELF BEFORE YOU RENT OR BUY YOUR NEXT HOME ? As you probably know, we are in the middle of lots of Foreclosures flooding our local  market. When we interview possible renters, we ask them to tell us the real reason why they want to rent.



In most cases, our clients do not realize how easy it is to buy a home right now.. but most importantly, in some case. .even cheaper!
Building Value Over Time while buying. .
as opposed to . .
Paying rent year after year with nothing … (1 comments)

information for first time home buyers: Home Buyer Tips | Why Do You Need a Buyer’s Agent? - 09/24/11 01:57 AM


Debe Maxwell wrote this post about buyers agency.
Think that this is not very  important?
The misconceptions about this subject could cost you thousands of dollars..
When buying a home, advice from an experienced agent is invaluable to any home buyer
Charlotte Home Buyer Tips | Why Do You Need a Buyer’s Agent? I’ve had numerous calls from customers who are requesting that I show them my currently listed homes; they don’t want to see any other properties.  I am representing the seller, and I am asked by these customers if I can only show them my listings.  When I discover that the person … (3 comments)

information for first time home buyers: Our Red Carpet Treatment. . for "Motivated Buyers" - 09/22/11 05:56 AM
 
Fernando Herboso| Carlos Herboso      (Listings)                           (Buyers)      www.HERBOSO.com   Our real estate knowledge is always up-to-date. For expertise you can depend on, call us when you have questions about the market or are ready to make a significant move. . . "Quality representation is not expensive, its priceless! " We are specialists in Foreclosures & Short Sales   Herboso & Associates llc  www.ReallyNiceHomes.com www.Short-Sales-Expert.com Office             240.898.1848       Fernando's Cell                240.426.5754       Carlos's Cell                240.671.5542       Fax    888.913.3535  
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information for first time home buyers: A Very Cool Reason Of Having Your Own Realtor in Maryland - 09/19/11 03:22 AM
The Benefits of Having a Realtor in Maryland

When you are ready to buy a home, all you have to do is call the right person to start your search and it will NOT COST A PENNY when you work with us. .
Of course this has caused confusion in some people that insist that they only need access to the Internet and they can find a home on their own. .
Not hardly. .
Let me outline this for you:
 
Your #1 Benefit : Market Research
 
Realtors have the benefit of not only searching the MLS (Multiple Listing Service) for you … (3 comments)

information for first time home buyers: The Role Of Your Real Estate Agent When Buying a Home - 06/27/11 07:17 AM
 
Original article written for www.ReallyNiceHomes.com 
A Home Buyers' Guide To Buy a First Home
 
When you buy a home for the first time, you are assured to face many difficulties during the process.
There are many steps you must take before you even start looking for a home.
Advice at this time from well-meaning loved ones can be helpful, but buying a home is a major financial commitment and you would be wise to educate yourself on the home buying process before taking the first step.
Introducing: Your Real Estate Agent
Speaking with a real estate agent should be … (3 comments)

information for first time home buyers: Is Home Staging Being Abused to Deceive Buyers? - 06/14/11 11:43 PM
 
From original article published in www.ReallyNiceHomes.com
According to a report I just read today, it is becoming too easy to be fooled by home staging nowadays. Home staging is a term that we, in the real estate world are gradually becoming familiar with. It is the idea that we try to create the best impression for a home when selling it. It used to be that just running the vacuum over it and doing the dishes was enough to prepare your home for sale. .but now. . there is a whole new set of rules to follow!
Home staging is … (8 comments)

information for first time home buyers: Investor or First Time Home buyers ? Why Do It SOLO? -- - 06/13/11 05:16 AM

When it comes to purchasing foreclosures with private money. . lenders have already established their guidelines I can assure you that one of those guidelines is not just YOUR CREDIT SCORELenders know when a good deal comes across and they are willing to overlook your credit score. . You can use their funds for your own deals while doing this means you profit by taking a chance and doing your homework to invest in the right property. Can you do this alone. . yes, But the question is WHY? We don't charge buyers to help them find a home and the financing. . we do it all.  But I warn you. . ask us for a rebate from our commission that … (0 comments)

information for first time home buyers: Using The FHA 203K Program Buying Your Next Maryland Property - 05/23/11 05:20 AM
www.Herboso.com  brings you an advanced strategy for you to use after you have been in the creative real estate investing business for a while.
This calls for using different strategies in financing to secure a property for rehab,
This works very well in a buyers' market like Maryland where prices have been quite erratic in the last few months.
You need to use this to increase your chances for immediate income and retailing for bigger short term profits. Rehab, Refinance and Cash Out is a long term wealth building strategy and will be something you will be glad … (1 comments)

information for first time home buyers: Who would have thought that “not a short sale” would be a desirable way to advertise? - 01/06/11 10:58 PM
 
A lot of people now  believe that getting qualified for a home loan is very hard and more and more think that they cannot get mortgage approval at all. Although, some of the information about how hard is to get loan approvals is true. Understanding why  lenders now have tighter underwriting guidelines, its a good beginning but more importantly knowing how loan approvals work now can help you better prepare yourself for the mortgage process. Tougher Mortgage Guidelines? Not for a professional. . so you should always seek for one before buying a home.  
Here’s the inherent reason why purchasing a home this past year has … (3 comments)

information for first time home buyers: Another Short Sale Completed By Herboso & Associates in Maryland - 11/16/10 11:56 PM
  Congratulations to Carlos Herboso for completing one of the most challenging short sales I've ever seen. .
Carlos was the buyers agent. We did not represent the sellers.
Attorneys, brokers and possible lawsuits was the predominat stage for this short sale to come to a conclusion. .
At the end, Carlos was so focused on assisting his buyers and came out as the hero for this transaction.  
With over 20 years as a service dedicated professional, Carlos went beyond his call of duty even helping people move furniture at the last moment.
Thank you Carlos, you are an example of dedication to our … (3 comments)

information for first time home buyers: Carlos Herboso Knows All the Hot Buys In Maryland . . CALL HIM! - 10/20/10 03:12 PM
  Carlos Herboso is focused on assisting buyers exclusive. .   With over 20 years as a service dedicated professional, Carlos is extremely skilled at assisting with the analysis and purchase of investment properties. He also loves helping first time home buyers to the most pickiest buyers that need the best luxury estates in the market today.
He knows income property, and also has contacts for bulk REO sales for investors. He is known on the Herboso team as the "foreclosure hunter"  Carlos is an aggressive negotiator for his buyers.
Call Carlos  any day of the week and he can tell … (1 comments)

information for first time home buyers: Loan Pre-Qualification, Loan Pre-Approval, Loan Commitment, what and why we need them to purchase a home? - 07/21/10 11:42 PM
 
Sylvia writes a great post about qualifying for a mortgage. 
A must read, specially if you are a first time home buyer!
 
When my clients make an offer on a house, I always advise them that we need to have a pre-approval letter from his lender along with the offer in order for the offer to be accepted by the seller. 
This was true when lenders were giving away loans like there was no tomorrow, and this is even more critical now a days when the lenders are going thru loan applications with a very fine comb.  Sellers want to have the … (1 comments)

information for first time home buyers: INFINITE TITLE FAQ - For Consumers - 05/30/10 12:11 AM
 
Questions & Answers .. all about titles and the reason why you should take title insurance .
 
What is meant by "Title?""Title" is the foundation of ownership property. It means that you have a legal right to possess that property and to use it within the restrictions imposed by authorities or limitations on its use-superimposed on the basic right to possession by previous owners.
What is Title Insurance?The legal answer is "the application of insurance principles to hazards inherent in real estate titles."
Do I need Title Insurance?Most definitely! Title insurance is a means of protecting yourself from financial loss in the event … (2 comments)

information for first time home buyers: Frequently Asked Question: Will I have to pay PMI on a VA loan? - 02/13/10 10:19 PM
 
        VA Loans
Do you have to pay "Private Mortgage Insurance" (PMI)
See below
 
Frequently Asked Question: Will I have to pay PMI on a VA loan?
Q: I plan on putting 5% down on a house, and financing it with a VA mortgage. Will I have to pay private mortgage insurance (PMI) on my new VA loan?
A: No, you will not. VA loans do not have monthly mortgage insurance premiums.
However, VA loans do have a funding fee. Unless you are exempt, the funding fee will vary according to your service (regular military or reserves/national … (1 comments)

information for first time home buyers: Wanted: First Time Home Buyer in Maryland - 12/10/09 11:41 PM
FIRST TIME HOME BUYERS
Should you buy or rent? Buying a home is so SWEET . .you are a homeowner and things are great but. .  
did you know that you can even DEDUCT on your taxes a home mortgage interest and a  late payment charge?
Even  late on my payments???. . 
Yes!, you get to deduct your charges.
TRY THIS with your RENT and your landlord.. .
the late fees will be deducted directly form your pocket. .and that's that!
 
The IRS clearly states that any interest mortgage payments on your main home are deductible.
even if you pay off your home … (0 comments)

information for first time home buyers: First Time Home Buyers in Rockville MD - 06/22/09 11:05 PM
 FIRST TIME HOME BUYERS Awesome Opportunity Condos in Rockville MD Should you buy or rent? Buying a home is so SWEET . .you are a homeowner and things are great but. .  did you know that you can even DEDUCT on your taxes a home mortgage interest a late payment charge?
Wait. . waitEven when you are late on your payments???. . 
Yes!, you get to deduct even your late charges.. .how good is that?
TRY THIS with your RENT and your landlord.. .the late fees will be deducted directly form your pocket. .and that's that!
 
The IRS clearly states that any interest mortgage … (0 comments)

information for first time home buyers: Foreclosures for First Time Home Buyers - 06/15/09 10:13 PM
 
 
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Fernando Herboso - Broker for    Maxus Realty Group, 301-246-0001 Serving Maryland, DC and Northern VA (Maxus Realty Group -  Broker 301-246-0001) Ambassador large

Fernando Herboso - Broker for Maxus Realty Group

301-246-0001 Serving Maryland, DC and Northern VA

Gaithersburg, MD

More about me…

Maxus Realty Group - Broker 301-246-0001

Address: Serving Montgomery, Frederick, PG Counties Maryland PLUS Northern VA, Listing Marketing Expert at your service 30 miles radius from, Gaithersburg , MD, 20878

Office: (301) 246-0001

Mobile: (240) 426-5754

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