Things to do in Washington DC

Home buyers-You got the Juice now!

Even before Google became known for its "Google Juice",GOOGLE JUICE FOR REAL ESTATE AGENTS When I think of the word Juice,I think of the last scene of the Cult Classic movie Juice with the late Tupac Shakur and Omar Epps.  At the end of the movie after tupac falls off the roof and Q walks away,someone in the crowd says to him "you got the juice now man. What he is saying to Q played by Omar Epps of the TV Show "House" is "You got the power now". 




 

HOME BUYERS

Home buyers you have the power to do a lot of things. As a home buyer here are some of the things that you are capable of doing when you buy a home:

  • Create jobs for people in other professions such as painters,contractors,cleaning companies,surveyor,and more.
  • Provide income for real estate agents,loan officers,home inspectors,appraisers,title companies,septic system inspectors so that they can provide for their family wants and needs.
  • Help lower condo association fees in certain subdivisions (Depending on where you brought the condo. Some condo delinquency rate are over 15%). Many PG County MD Condos on sale condo fees are ridiciously high. There are PG Condos for sale at $50,000 or less. But many of the condo fees are over $500.-THAT'S CRAZY! But the more home buyers buy a condo in a certain subdivision with a high delinquency rate,you can bring the condo delinquency rate below 15%-You never know.
  • Help stablize a community/subdivision/neighborhood. And remaining in one neighborhood will give you a chance to participate in community activities and let you and your family establish lasting friendships. This will make more home buyers want to buy a home in that subdivision. 
  • Help increase sales in home improvements stores such as Home Depot,Lowes,ACE Hardware and other local home improvement stores.
 
These are some of the things you are capable of doing as a home buyer. So if you are a home buyer looking to buy a house on sale,don't just think about what it will do for you,but also think about what kind of impact you will have on other people's lives as well. There is no better time to buy a house right now than the spring selling season. So if you are ready to buy a house in Washington DC or Maryland please don't hesitate to give me a call. Happy Home buying everyone.

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FHA Loans will require you to pay off all your debt if you owe $1,000 or more before they can qualify you for a loan starting July 1st

FHA Loans will require that you to pay off all of your debt if you owe $1,000 or more before you can qualify for a loan starting July 1,2012. Yes. You are reading this right. Just when you though it couldn't get any tougher for real estate professionals especially ones who have FHA home buyers as clients-IT JUST DID. FHA LOANS UPDATE
 
 
 
Found out about this yesterday when I was reading newspaper that happens to be The Wall Street Journal Sunday. The article was written by Rachel Louise Ensign. Rachel Louise Ensign covers personal finance for the Wall Street Journal. You can also follow her on Twitter at http://twitter.com/#!/RachelEnsignWSJ. In the article that she wrote she said that this includes credit-card and medical debt. However different rules apply to debt from another mortgage.
 
 

Qualify for a FHA Loan So how will this affect many FHA home buyers who want to become home owners? Will this affect your real estate business? And if so how will this affect your real estate business? What are you going to do as a real estate professional or even loan officer so ensure this new rule is not going to handcuff your business? What do you think about this new rule that will go into effect July 1? I am sure I am not the only Real Estate Professional who has questions about this. Please share your thoughts and comments. And for more on this story PLEASE CLICK HERE

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How much is my Trinidad DC Home worth?

How much is my Trinidad DC Home worth? Trinidad DC House for sale. How much is my Trinidad DC House worth?

I will help you answer that question later in this blog. Yesterday was one of those days to do some door knocking or door dropping around Trinidad Washington DC . This is something that I have been doing all year. But this is the first time that I decided to do this in Washington DC. Instead of knocking on doors,I am sticking on my flyers in doors. But if I see someone out either sitting on the porch or walking their dog I will hand them a flyer. First thing people usually ask me is "How is the real estate market?" I answer their question according to their Real Estate Market. Why? Real Estate is Local. Every Market is different. We as Real Estate Professionals always have to educate consumers since they have been poisoned by the Media's lies of the Real Estate Market and self crowned Real Estate Guru's fallacy of the Real Estate Market.

 

But while out prospecting,I lost my telephone-THAT SUCKS. How do I expect to communicate with people without my telephone that also doubles as my GPS tomorrow? My telephone won't arrive till tomorrow. Anyway now that it is spring,flowers starting to blossom,you can now start to feel the nice cool breeze and love is supposed to be in the air. Sorry-That's supposed to be Summer love right? I am getting ahead of myself here.:-). But this is a great time for DC homeowners. Why is it a great time for Washington DC Homeowners? Washington DC Real Estate Market right now favors Washington DC Homeowners who are looking to sell their house. Washington DC is now a Seller's Market. 


The reason I was out there yesterday was because I am specializing in Trinidad DC Neighborhood and I wanted the people in the neighborhood to know what houses have sold for recently.

Here are three houses that have sold recently in Triinidad DC in the month of April so far:

1. 806 21st NE Washington DC 20002 - This house SOLD on April 10,2012.

2. 1720 L St.NE Washington DC 20002 -This house SOLD on April 3, 2012.

3. 1225 18th St.NE Washington DC 20002 -This house SOLD on April 6,2012. 

 

I am sure you are curious to find out "how much did these three houses sell for? If you want to know please send me an e-mail to DChomesforsale@gmail.com and I would be more than happy to let you know how much these houses sold for. So how much is my Trinidad DC Home worth you ask? please CLICK HEREAnd if you are a DC first time home buyer looking to buy a Trinidad DC House for sale please CLICK HERE

 


Even though I lost my cellphone yesterday,it wasn't that bad. Talked to someone while out in the neighborhood and he gave me his information. Him and his wife are looking into buying a house. And I also got an e-mail from someone who told me to calll them about a free comparative market analysis. So while I lost a phone I gained two possible clients. What can I say. You win some,you lose some. In my case I lost one but I gained two. :-)

 

 

 

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The difference between sale conditions such as Foreclosure, Short Sale, and other real estate terms

Someone on my Buy DC Homes for sale website have been looking at a lot of Petworth DC Short Sales and Deanwood Short Sale Listings. Someone I was talking to at ML told me that I should share information with my prospects about it. So since the term "Short Sales" and "Foreclosures" are not term the public is familiar with,I thought I share a blog written by Kathleen V.Woods that will better explain what these terms mean. This blog would be very useful for first time DC home buyers as well as first time home buyers in Maryland Counties such as PG County,Charles County,St.Mary's County,Baltimore County,Howard County,Montgomery County and Baltimore City.

Via mskathywoods:

The real estate market in Indianaand the whole country are coming to grips with terms that are relatively old, yet considerably relevant to our current market conditions. I am often asked to explain the difference between sale conditions such as Foreclosure, Short Sale, and other real estate terms.

I have gathered some information for Indy Area Home buyers so the next time you come across phrases that explain the provisions for the sale of a particular home, you might be better informed and less confused:

What is a Short Sale?

A short sale is when a lender agrees to sell a home owner’s property that is in default for less than the loan balance.

Why would a lender consider a short sale? Short sales, in most occasions, are the first step to avoid foreclosure. Although the lender will recover less than the total loan amount in a short sale, the short sale is nonetheless preferred due to the very high costs of foreclosure. A home that is sold in foreclosure will usually cost the lender somewhere between 35-40%. These costs consist of late mortgage payments, attorney fees, court fees, maintenance fees, and selling fees.  

What is a Pre-Foreclosure?

Pre-Forclosure is another term for Short Sale.

What is a Foreclosure?

Foreclosure is a process where the home becomes the property of the lender. Whereas in a Short Sale the home owner’s name is still on title of the property, in a foreclosure the lender takes possession of the house and as a result, the homeowner is no longer a party in the sale. When a home owner fails to make the payments on his/her mortgage the lender can begin foreclosure proceedings. The first phase is the receipt of a notice of default (NOD). At this time the home owner can negotiate a Short Sale with the lender. If the home does not sell within the predetermined time frame, the home will then be auctioned at a foreclosure sale.

What is a Trustee Sale?

A trustee sale is a verbal auction where anyone with the highest bid can acquire a property by paying off the remaining balance on a foreclosed loan.

I urge you to be extremely careful at such auctions due to the very stringent terms of trustee sales. When you purchase a home in this manor you could be at risk of various problems that are investigated by realtors and title professionals in normal sales transactions. These problems are serious!!!! Problems such as: Title problems, Superior loan pay offs, IRS liens, and/or structural problems.  

What is an REO?

 REO is a abbreviation for Real Estate Owned properties. Another name for bank owned properties is REO, an acronym for “real estate owned.”

 When a home does not sell at a Trustee Sale (foreclosure sale) the lender takes back the title and all the rights to the property. The reason homes don’t sell in a trustee sale is not necessarily because of physical or structural problems. Rather, it is often because the home owner (no longer on title) owed more to the bank than the homes Fair Market Value. And who would want to buy a home in a trustee auction for more than the homes that are already on the market?!!!

To sell the house as quickly as possible the lender will, in most cases, make any repair necessary to the property, remove any liens on title, and clear any other issues that may slow down the sale of the property. The lenders are more motivated to sell an REO than any other properties they may have for sale (short sales and foreclosures) because REOs tie up a lender’s capital reserves and the management of these properties can become very costly.

Indiana Real Estate has recently seen more REOs for sale. If you are interested in purchasing a home and making a great deal, buying an REO may be a good opportunity.

Kathleen V. Woods

msWoods Real Estate

kwoods@mswoods.com

317.517.5317

Search Indianapolis real estate and Indianapolis homes for sale? Would you like information about Fishers real estate and Fishers homes for sale?

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5108 Glenn dale Woods Court-Glenndale MD 20769. THIS SHORT SALE HAS BEEN APPROVED BY THE BANK

5108 Glenn dale Woods Court-Glenndale MD 20769. THIS SHORT SALE HAS BEEN APPROVED BY THE BANK. That's right Ladies and Gentlemen. That was not a typo. THE BANK HAS ALREADY APPROVED THE SHORT SALE OF THIS PROPERTY. All we are waiting for now is for either you or someone you know that is looking to buy a house in the Glenndale Woods Court Subdivision. Now how much does this Glendale MD Townhouse for sale cost you ask? More on that later.         

                         5108 Glenn Dale Court Glendale MD 20769

This nice three bedroom townhouse also has four baths(Two full and two half baths)bump out on all three levels. Fireplace in the living room on the lower level. 9 feet ceiling with walk in closets. This townhouse shows very well. It is also about 20 minutes from Gateway Shopping Center in Bowie MD where there are many stores such as Target,Staples,Chiptole,Shoppers Food Warehouse,Capital One Bank,Chick-A-Fillet and Pinera Bread. And it is only 1.5 miles from HOLY TRINITY EPISOPAL DAY SCHOOL. This school has 900 students. It starts from Pre-school and goes up to eighth grade.

This townhouse is only ten years young. But it looks even newer once you see how this townhouse looks inside. For more pictures and the price of this well-maintained Glenndale Woods Court townhouse ON SALE in Glenndale MD CLICK HERE  
 
THIS Listing is courtesy of Fairfax Realty.

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Help for Unemployed DC Homeowners

Brightwood DC House for saleDid you know that as a Unemployed DC Homeowner,there is help for you? Well there is. Matter of fact NCRC's Housing Counseling Network has joined DC program to provide foreclosure prevention counseling to DC unemployed homeowners. Last year many people don't know that the National Community Reinvestment Coalition's Housing Counseling Network (NCRC HCN) which is a Housing and Urban Development (HUD) certified housing counseling organization announced that it will provide housing counseling under the District of Columbia Housing Finance Agency's (DCHFA) Home save Program. The HomeSaver program is aimed towards DC homeowners who have experienced involuntary job loss and subsequently facing foreclosure.

The DCHFA program provides foreclosure prevention to an estimated 1,000 unemployed DC homeowners and is funded by the $1.5 billion dollar Hardest Hit Fund Initiative created by the Obama Administration. This is great for some DC unemployed homeowners who are experiencing financial difficulty. Hopefully with the help of this program it will give unemployed homeowners enough time to get back on their feet and be able to move on with their lives.

So how can unemployed DC residents seek assistance? First they should call NCRC's Housing Counseling Network at 202-383-7702. Once you call them you want to know what is the basic eligibilty requirements to receive assistance under this program? As a District of Columbia homeowner(s) you have to

  • Own the house as your primary residence.
  • Be on the deed of trust.
  • Be current on your mortgages until the date of unemployment.
  • Have to be receiving or received UI payments in the past six (6) months.
  • Not be in foreclosure.
  • Not be in active bankruptcy.

 For more information on the full eligibility requirements you can go to the DC HomeSaver web site, at www.homesaverdc.org.

And if you know anyone who is talking about putting their DC Home for sale CLICK HERE

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BUY A RANDLE HEIGHTS DC HOUSE FOR SALE-2471 ALABAMA AVE SE WASHINGTON DC 20020. THINGS TO DO IN WASHINGTON DC

2471 ALABAMA AVE SE WASHINGTON DC 20020-Randle Heights DC Rowhouse for sale.

2471 Alabama Ave SE Washington DC 20020 Randle Heights DC House for sale

This end unit property is back ON SALE and SOLD STRICTLY "AS IS". Property is not a shell but it requires major rehab.Utilities are off. This house has a lot of clutter so please be very careful. However we will be accepting back up offers so please submit your best offer according to comps in that area. This property will not pass FHACASH ONLY.


This property is currently ON SALE for $105,000. And whhether you are a DC Home buyer or seller,gain the knowledge that will put you in control of your real estate transactions by clicking on the Randle Heights DC Market Insider  And if you are in the market to buy a house for sale,you can also search here for more Randle Heights DC Houses for sale

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ANACOSTIA DC Houses for sale and Neighborhood info

Welcome back. I am your online tour guy Lanre Folayan-"THE REAL ESTATE FARMER"-Real Estate Professional with EXIT Advance Realty.This time we are going across town to Southeast Washington DC-Anacostia. 


          LEARN ABOUT ANACOSTIA DC RIGHT HERE

People look into other things whenever they make that decision to buy a house. If you have children you definitely want to know about Anacostia DC Schools Anacostia DC Home for sale

Since you're making a decision to move,you want to work with a Anacostia DC Real Estate Professional who has extensive knowledge of the area and can help you and your family prepare for life in Anacostia.

     ANACOSTIA DC NEIGHBORHOOD INFO

In addition to Anacostia DC Homes for sale,here you also want to know about full Demographics and Anacostia DC Community information. So please feel free to browse this site to learn about Anacostia DC and get in touch with any questions


This site is updated daily with new Anacostia DC zipcode 20020 Homes for sale that come on the market in the Anacostia area. Often homes are sold within days of coming on the market. So if you are ready to start looking for a home to buy in Anacostia,START YOUR SEARCH HERE

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DEANWOOD DC HOUSES FOR SALE AND NEIGHBORHOOD INFO

Welcome to Deanwood DC Houses for sale page. I am your online tour guy Lanre Folayan-"THE REAL ESTATE FARMER"-Real Estate Professional with EXIT Advance Realty. This site was built specifically for all of your Deanwood Real Estate needs. Hope you find this as your Deanwood One Stop Shop.


          LEARN ABOUT DEANWOOD DC RIGHT HERE

Whether it's carry-out,local restaurant,church,it is very important for you to know the ins and out of the town (Deanwood),you will be moving to.

Since you're making a decision to move,you want to work with a Deanwood DC Real Estate Agent who has extensive knowledge of the area and can help you and your family prepare for life in Deanwood.DEANWOOD DC HOUSE FOR SALE

     DEANWOOD DC NEIGHBORHOOD INFO

In addition to Deanwood DC Homes for sale,here you also find a list of Deanwood DC local Schools,full Demographics and real estate insights second to none. So please feel free to browse this site to learn about Deanwood Real Estate Homes and get in touch with any questions you may have. 


This site is updated daily with new Deanwood DC zipcode 20019 Homes for sale  that come on the market in the Deanwood area. Often homes are sold within days of coming on the market. So if you are ready to start looking for a home to buy in Deanwood CLICK ON THIS LINK

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Why You SHOULD Use A REALTOR(R) When Considering buying New Construction!

 This blog gives some very good reasons why home buyers should always use a REALTOR®,when they want to buy a new construction home. A REALTOR® will look out for your best interest and will represent you unlike the Builder who is only looking for one thing-YOUR MONEY.So if you are in the market to buy a new construction home,please use a REALTOR®.

Thanks to Bill and Liz Spear for writing this blog.

Via Liz and Bill Spear RE/MAX Elite Warren County Ohio: Cincinnati to Dayton (513.265.3004 www.LizTour.com):

New construction patio homeWhy You SHOULD Use A REALTOR® When Considering New Construction!

So if the world were logical, you'd assume that going direct to the builder would get you a juicy discount if you skipped using a REALTOR®, wouldn't you?

And perhaps with some smaller builders, that might even be true.  If you're feeling lucky, you may try that gambit and see what happens.  But before you do, please consider the following:

  • A builder's rep works for who?  Hint:  It's NOT you!  Don't get us wrong, they'll be VERY helpful!  Their paychecks depend on their ability to get you to buy a home and pile on as many options as you can pay for!  But ultimately if there's an issue and you're dissatisfied, who's your TRUE advocate?  That's the plus of having your own representative, your REALTOR®!  We don't have any special interest in making the builder happy, we ONLY work for you!
  • Larger builders EXPECT to pay a REALTOR's® fee.  It's worked into their pricing model.  They figure about half the buyers will have an agent, and the rest will come in solo.  Knowing that, they build that payment into their cost overhead, so they don't give a discount for NOT having your own representation. 
  • The builder's rep won't tell you you're OVERPAYING for your new home!  They're NOT in the business of worrying about resale for you years down the road.  Time and again we've been asked to help someone sell their home who bought WITHOUT a REALTOR® and we realize they badly overpaid for their new home.  Or that "discount lot" that had the really good deal, was a "deal killer" years later in the resale market.  Backing up to the high tension wires, the retention pond, the corner lot with no back yard.
  • The builder's  rep isn't going to tell you some of the things your REALTOR® will.  Like "Get a home inspector!".  Of course the builder makes high quality product, but mistakes ARE made!  Having a professional come out and check things over, ESPECIALLY before the drywall goes up, just might save you some major grief later!

So it's not our intent to try to scare you, just make you aware of some of the items that need your consideration.  Since it's not costing you ANY extra to have representation, why WOULDN'T you hire a REALTOR®?

Serving Warren County's residential real estate needs,
Liz and Bill aka BLiz

The Liz Spear Team
Elizabeth & William Spear
RE/MAX Elite:  Ask for us by name if you visit the office!
Two locations: Lebanon & Mason, OH
Office direct: 513-248-3660
  Liz direct:  513-265-3004
Bill direct: 513-520-5305 Fax: 866-302-8418
      EHO

MailTo: Liz@LizSpear.com  Our Website: Warren County Ohio Homes

 

 

 

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Washington DC Luxury Homes for sale

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