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Home Buying in Centreville : Real Estate Advice

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  • Local Info6
  • Home Buying14
  • Home Selling4
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Activity 31
Sun Jun 19, 2016
Jason Brown asked:
Hi,

I have been receiving property e-mails for Fort Worth, TX, but I am not following that area. Can you help?
0 votes 0 Answers Share Flag
Fri May 6, 2016
Conniemwilliams answered:
We had a contract, that got kicked out due to the fact that the seller says the first buyer found a lender and wanted back in after they asked her to sign a contract release. Before and during this time we were in negotiating. This listing agent assured us that they wouldn't have a problem getting the contract released because the contract had expired and they had no problem returning their Earnest money. The listing agent sent my agent a message telling him not to tell us just yet if we could get the house, she wanted to wait to see if the first buyer loan would be approved. Is this legal? ... more
0 votes 17 answers Share Flag
Wed Apr 20, 2016
James Ryan answered:
It appears your question has gone unanswered for a bit. Although technically, FHA has no minimum score, lenders do require, in most cases, a minimum score. You can continue to work with the credit service, but it might be time to contact an actual lender to help you go over the report, see where you are, and help you strategize so you can buy a home sooner, rather than later. Best wishes, Jim, Southern Trust Mortgage, Leesburg, VA. ... more
0 votes 1 answer Share Flag
Fri Mar 25, 2016
Karen Peyton answered:
Ask your agent to investigate whether or not the second HOA (for the pool membership) is optional. If both are mandatory and you purchase the house, you will have to pay. There is no other way. ... more
0 votes 1 answer Share Flag
Thu Sep 17, 2015
Amelia Robinette answered:
Bob Quarfoth at George Mason Mortgage, I've worked w/him on a couple 203k loans in Fairfax.
0 votes 1 answer Share Flag
Wed Aug 12, 2015
Amelia Robinette answered:
A Realtor isn't an expert on inspections, your best bet is to hire a specialist in this case. In Fairfax Co, the house won't go into drywall unless it passes all the county inspections, so from a safety point of view you should be fine.

Sounds like the bigger issue here is communication. Your Realtor won't generally have all of the costs at the tip of her fingers - the settlement agent is the resource that will provide title fees etc. With new construction there is often a relationship between the builder and the settlement agent, and sometimes the lender as well. All parties have to collaborate to get you the estimates. Keep in mind, that's what they are - estimates. It's difficult to know the exact numbers until you're closer to settlement.

Have a conversation with your Realtor about expectations and what info you need communicated and how you're going to get it. Seems that there may just be some miscommunication happening.

Congrats on your new house - the process can be painful, but in the end you'll be living in your new home, which is cause for happiness.
... more
0 votes 1 answer Share Flag
Wed Mar 11, 2015
Albert Sing asked:
I am trying to get out of my lease and the management company told me the owner paid a $3,000 commission and we would be responsible for the prorated amount which is about $165 a month.…
0 votes 0 Answers Share Flag
Wed Mar 11, 2015
Albert Sing asked:
lease? We love the new home but can't afford to double up on rent and mortgage. We can break the lease but we are responsible for rent and utilities until the management company finds…
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Tue Oct 22, 2013
Pat Mulligan, ABR, SRS, CDPE answered:
I am no plumber--- but I caution you to be very careful about what you put in there to replacethe polybutylene.

I just heard from one of my past clients -- she had had her whole house replumbed in 1999 with the PB class-action money. Problem is, they used PVC. One week before Christmas the PVC sprung 3 leaks in the hot water line- EEK! Now they are replumbing the whole house AGAIN! Her plumber, as well as the one we just used on one of my rental properties recommend using PEX

http://www.pexinfo.com/
... more
0 votes 6 answers Share Flag
Fri Sep 20, 2013
Akil Walker answered:
MM,


It depends on what is the plan after you move. In 5 years will you want to sell it or rent it out? Historically homes have appreciated at 4% average a year. That does not mean in 5 years your home has appreciated 20%!

Purchasing a home can lead to opportunity to build wealth and your investment portfolio. Choose wisely!
... more
0 votes 17 answers Share Flag
Tue Sep 10, 2013
Yvette Mitchell answered:
Hello,

I am available to show you this property at anytime. Please call if you would like me to show you.
Thank you,
Yvette Mitchell, Realtor
330-573-8323
0 votes 6 answers Share Flag
Fri Apr 26, 2013
Tom Shipe answered:
Lori, I have investment clients that have participated in the section 8 program. One Client went to Family Services so he understood the program completely then purchased the housing best suited for the program. Others have simply purchased a home and then solicited family services for a tenant.

You may wish to start here: http://www.fairfaxcounty.gov/dfs/

If you would like to speak in more detail please contact me via phone 703-946-4844.

Thanks for your inquiry.

Tom Shipe
Associate Broker
Graduate Real Estate Institute
Long & Foster, Realtors
8227 Old Courthouse Road
Vienna, VA 22182
Licenses, Virginia
Cell: (703) 946-4844
Office: (703) 556-8600
www.tomshipe.lnf.com
... more
0 votes 6 answers Share Flag
Mon Jan 21, 2013
John Ginty answered:
There are a lot of variables that will determine if now is a good time. To discuss in detail and determine the answer give me a call at 703-307-3449 or email me at JohnGinty@kw.com.

Sincerely,
John Ginty
Realtor
Keller Williams Capital Properties Fairfax
10300 Eaton Place, Suite 120
Fairfax, VA 22030
Cell: 703-307-3449
JohnGinty@kw.com
www.JohnGintySells.com
... more
0 votes 6 answers Share Flag
Mon Nov 19, 2012
Rawatkusum answered:
I am having problem with the broker who is coming from yesterday (we shifted) he is not willing to understand that our cheque cannot be cleared in sunday it need to get deposite and takes atleast 2to 3 days to cleare out from Mumbai. But he is not willing to listen and today morning he came and made a big show and against he said he will come in evening. I don't know what to do ? ... more
0 votes 10 answers Share Flag
Mon Oct 15, 2012
Dwight Bardot answered:
I would say that you need to look at your goals in finding and running a rental property. It could be possible in this market to find a property that you could settle on and then rent for a positive cash flow. It will take much more work to find one and you will have to be will to look outside of Centreville. If you think of the investment as a future value of cash formula you will see that it is possible to borrow enough money to purchase a small condo and then rent it to cover the mortgage and keep a little extra for yourself. This only works out when the entrust rates are low like they are currently.

Currently there is a property in the 22304 zip code for sale with an asking price of $249,900 the Property next to it is for rent for$1895.00 a month. The question you should ask your mortgage lender is could I have bought the one for 249,900 and paid less than 1895.00 a month in mortgage and other ownership costs.
... more
0 votes 11 answers Share Flag
Fri Jun 15, 2012
Tatiana Busch answered:
Fri Oct 29, 2010
Cindy Jones answered:
Anyone notice this question is from October 2009?
0 votes 21 answers Share Flag
Sun Jul 11, 2010
Mack McCoy answered:
You know, Erik, I think that most agents - most people, in general - should shy away from "out of the box" thinking until they master what's already inside of the box!


I respect people who have established a successful practice, but most agents don't really know what services can be safely unbundled, and if I were the managing broker, I would be weighing my office's E&O deductible against the income generated by an agent deciding that they were alluvasudden a "consultant."
... more
0 votes 13 answers Share Flag
Tue Apr 20, 2010
Patrick Samson answered:
Hey LF,

I've lived in Centreville since 1986. I've raised 2 kids and 2 dogs and I've loved every minute out here. I originally grew up in Vienna, Va. which is now known for it's proximity to Tysons Corner and Washington, DC. I originally moved into Sully Station and was lucky enough to build a large custom home out in Pleasant Valley Estates in 2002. My kids went to Westfield High School and my son enjoyed a Football State Championship his senior year. My daughter played on the softball team that went to the State finals a few years ago.

If you asked me we picked the right community! If you go to my website patsellsvirginiahomes.com, and hit the link to Centreville, Va on the front page, you'll find several links to information on Centreville.

Best of luck to you! Let me know how your search ends up! - Pat
... more
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