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3 Story For Sale in Greenbelt MD

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Must See!

• 1,378 sq. ft., 3 bath, 3 bdrm 3 story - MLS $249,987

 -  Shows well (MUST SEE). Enjoy beautiful sunsets from the deck. Painted interior and exterior. New Carpets. Features include Jogging trail, community pool, Tennis, shopping, and restaurants. Located in Eleanor Roosevelt Magnet School neighborhood, close to 95 & 295 makes it a convenient commute to Baltimore and Washington D.C.

Property information

Rent/Lease Reduced on 8387 Montgomery Run Road #F in Village of Montgomery Run

Village of Montgomery Run, Ellicott City  -  Announcing a rent/lease reduction on 8387 Montgomery Run Road #F, a 1,164 sq. ft., 2 bath, 3 bdrm single story. Now MLS $1,575.00 Monthly - .

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Single Story For Rent/Lease in Saddle Creek

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• 1,400 sq. ft., 2 bath, 3 bdrm single story - MLS $1,725.00 Monthly

 -  Spacious Townhouse in move-in condition, available for immediate occupancy in a cul-de-sac location of Saddle Creek neighborhood of Burtonsville, Montgomery County. Located close to the I-95 corridor, it offers easy commute to many attractions in both Baltimore and Washington, DC. Processing fee is $35 per adult.

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Single Story For Sale in Windmill Square

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• 1,180 sq. ft., 2 bath, 2 bdrm single story - MLS $84,987

 -  This nice move-in condition TH condo offers main level with living room, kitchen, full bath and family room (can be third bedroom with closet and sliding door to fenced back yard) and top level with two large bedrooms w/ full bath. Features include new carpet, fresh paint, W/D & kitchen equipments that are few years old. Ideal location close to schools, shops, major routes and Wash. DC and N. VA.

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Single Story For Rent/Lease in Village of Montgomery Run

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Cozy 3Bd/2Ba Condo For Rent

• 1,164 sq. ft., 2 bath, 3 bdrm single story - MLS $1,700.00 Monthly

 -  Nicely put-together, 3 bedroom and 2 bath condo in a choice location,available for rent. Processing fee per adult: $50.00. For further questions, call LA.

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Single Story For Sale in Greenbriar

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Well-Kept 2BD/2BA Condo In Secure Area

• 2,368 sq. ft., 2 bath, 2 bdrm single story - MLS $129,987

 -  Must see lovely 2BR/2BA Condo in sought-after Greenbriar community of Greenbelt. Features include new w-to-w carpet, stainless steel appliances, granite counter tops, oak cabinets in remodeled kitchen and bathrooms, new washer & dryer. Convenient access to 295, 495, 95, Metro, and Univ. of MD shuttle. Amenities include Roosevelt HS, walking distance to shops, restaurants and walking trails nearby....

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Price Reduced on 6601 Cedar Spring Ct in Sandy Spring

Sandy Spring, Ashton-Sandy Spring  -  Announcing a price reduction on 6601 Cedar Spring Ct, a 2,753 sq. ft., 4 bath, 4 bdrm single story. Now MLS $499,987 - Reduced.

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Tri-Level Home For Sale in Sandy Spring

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Space Galore In Serene Neighborhood

2753 sq. ft., 4 bath, 4 bdrm single story - MLS $524,987

 -  Almost new Colonial home built in 2009 on 1/2 acre lot with 3 levels, 4 bdrms + den, 3.5 bath rms, finished walkout basement located in a cul-de-sac, serene neighborhood minutes from beltway. Features incl. fireplace in fam.rm, theater room, sunroom, stainless steel appliances, granite counter tops, oak cabinets, hardwood floors, huge master suite w/ walk-in closet + large M.bath with soaking tub....


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Open House in Colesville Outside on Saturday

August 2013
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Colesville Outside, Burtonsville  -  We invite everyone to visit our open house at 5710 Parkway Dr on August 3 from 2:00 PM to 5:00 PM.

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Just Listed Bungalow Style Home

907 Carriage House Ln, Upper Marlboro, MD 20774

907 carriage house lnImmaculately well-kept Bungalow with large landscaped yard in a nice and serene neighborhood in close proximity to I-495, shops, downtown DC, Northern VA and minutes to metro rail and bus. Features include new refrigerator, new hot water heater, newer roof, thermal windows and patio doors. Garage converted into family room/den/rec room and storage, master bedroom has private access to hall bathroom.

Features include:

  • Dishwasher, Disposal, Dryer, Exhaust Fan, Oven/Range-Electric, Refrigerator
  • Living/Dining Room combo
  • Central A/C
  • Rambling Hills Neighborhood

Nearby schools: Phyllis E. Williams Elementary School.

 Virtual Tour

Immaculately well-kept Bungalow with large landscaped yard in a nice and serene neighborhood in close proximity to I-495, shops, downtown DC, N. VA and minutes to metro rail & bus. Features include new refrigerator, new hot water heater, newer roof, thermal windows and patio doors. Garage converted into fam. rm/den/rec rm and storage, master bedroom has private access to hall bathrm. Notice req'd. - See more at: http://ema4realestate.com/PropertyDetails?fl_hook=1724183672&show_description=yes&show_address=yes&presented_by=&show_virtual_tour=yes#sthash.r7TVghsR.dpuf
Immaculately well-kept Bungalow with large landscaped yard in a nice and serene neighborhood in close proximity to I-495, shops, downtown DC, N. VA and minutes to metro rail & bus. Features include new refrigerator, new hot water heater, newer roof, thermal windows and patio doors. Garage converted into fam. rm/den/rec rm and storage, master bedroom has private access to hall bathrm. Notice req'd. - See more at: http://ema4realestate.com/PropertyDetails?fl_hook=1724183672&show_description=yes&show_address=yes&presented_by=&show_virtual_tour=yes#sthash.r7TVghsR.dpuf
Just Listed

5710 Parkway Dr, Laurel, Maryland

5710 Parkway Dr, Laurel, MD, 20904Not a short sale or a foreclosure but a regular resale by the Owner! Lovingly maintained, Colonial style home in Laurel, Maryland in Montgomery County. This home is in move-in condition and close to Route 29 and I95 freeway.

Features include:

  • large family room
  • sliding doors to deck
  • large deck
  • cul-de-sac location
  • huge master bath
  • vaulted ceiling in mater suite
  • top of the line washer & dryer convey ($2500 value)
  • custom made bedroom closet ($2000 value)
  • full finished basement

Area schools include Burtonsville Elementary, Benjamin Banneker Middle School and Paint Branch High School. Includes the following appliances: dishwasher, disposal, drayer, over/range, refrigerator, washer. Don't wait, this one won't last.

For more details on this home.

 

What Does the Prepared First Time Home Buyer Look Like?
Nice House

I have been asked many times what makes a buyer better prepared than someone that is just cruising around hoping they find a good house.   Here is what I think makes a first time homebuyer prepared.

  • They are pre-approved or have the cash with proof of funds from a lender or bank.
  • They know their budget and what the bank will loan and can tell their Realtor© what they want their absolute maximum price is.
  • They know what they needs and wants are when it comes to the home.  They need to have a list for the Realtor© that says “We need these things” and “We would like to have these things”.
  • They’ve done their research online and have a good sense of what the market is doing.  They still need a reality check from a Realtor©, but they have educated themselves about the market.
  • If they found houses on the internet that interest them, the email them ahead of time to the Realtor© so that the property can be checked out.
  • They insist the Realtor© preview homes ahead of an appointment with them, so that the Realtor© does not waste their time looking at properties that don’t meet the “Need” list.
  • The prepared buyer asks good questions, and plenty of them. They know they need information, and seek it out from their Realtor©. They listen to what their agent has to say, ask for clarification, and share their thoughts and opinions with the Realtor©.
  • A prepared buyer typically makes decision quickly.   If you have the above then you know whether or not the property is for you.
  • A prepared buyer tends to be organized. They keep paperwork in order. Perhaps they bring a clipboard, camera, measuring tape, etc. when they look at homes.  They know what information they have, but also what information they need.
  • They tend to respond quickly, with answer to questions, asking questions, signing documents, and making decisions. If they are serious, they make their home buying a priority and work with their Realtor© to meet deadlines and keep things moving.
  • They have fun in looking for their first home.
  • They have done the prep work and now can enjoy the hunt.

Although the list above could be used for any home buyer, I think it helps 1st time home buyers the most.

Emcee Arah and his team of professionals have a comprehensive understanding of the current real estate market in Silver Spring, Maryland and the Washington, DC Metroplex. Team EMA’s 25-point marketing strategy customizable to each Buyer, is one of the signature tools for their twenty-two years of exceptional customer service in real estate. The mark of excellence combined with a reputation for integrity has earned his team distinction amongst the most trusted Realtors© in Montgomery County, MD.

Disputing Errors on Your Credit Report

It is not unusual to find creditors reporting items incorrectly on a Credit Report.  That is not the kind of thing a first time home buyer wants. When one of these things pop up you can dispute it yourself or you can hire a company that disputes these for a fee.  There are many of these companies on the web, be careful and do your research. 

Credit Report

If an item needs to be corrected the change to the credit data must be done by Equifax, Experian, or TransUnion in order for the correction to be made and the credit score to be affected.

You will need to send them the proof that the item is reporting incorrectly and they file the dispute free of charge.

  • You will need to write a letter of dispute to the credit reporting agency regarding the information being reported incorrectly. The letter needs to include the Trade Line, Account Number(s), and why it is reporting incorrectly. You will need to do this for each credit reporting agency that is reporting incorrectly.
  • Under the Fair Credit Reporting Act, each credit reporting agency must contact the creditor or person that the dispute is being filled against, within 5 days of the receipt of the request. The creditor or person that the dispute is filled against then has to give a written reply back to the credit reporting agency within 30 days of the date that the dispute was originally filled.
  • The credit reporting agency then has 5 days from receipt of the creditor's or person’s written reply, to provide you with a written report with their findings. They will also need to provide you with a copy of a revised credit report if changes were made.
Creidt Agencies

There are 3 possible scenarios for outcome:

  • No response from the creditor or person that the dispute is filled against.  If this happens the bad data is removed.
  • The creditor or person that the dispute is filled against shows proof that they are correct.  If that is the case the data remains.
  • The creditor or person that the dispute was filled against acknowledges that they were wrong or partially wrong and they make the correct changes to the data.

 

In every scenario you must be notified by the credit reporting agency of the results. But there is one little twist to the first scenario. If the creditor or person that the dispute is filled against does not respond within the required time period, and the data is removed, it can still show up later if the creditor at a later date reports the data again. So if the data comes off as a result of the creditor or person that the dispute was filled against did not respond, you must continue to monitor your Credit Report, because it could show up again at a later date.

 

Emcee Arah and his team of professionals have a comprehensive understanding of the current real estate market in Silver Spring, Maryland and the Washington, DC Metroplex. Team EMA’s 25-point marketing strategy customizable to each Buyer, is one of the signature tools for their twenty-two years of exceptional customer service in real estate. The mark of excellence combined with a reputation for integrity has earned his team distinction amongst the most trusted Realtors© in Montgomery County, MD.

Counter Offers and First Time Home Buyer

One of the things you are likely to encounter in this market after you make your offer is a counter offer.

 

A counter offer is a response from the seller, in writing where the seller proposes a change in your offer such as a different purchase price, excluding something you ask for or a different closing date.  They may even ask for more earnest money. 

 

Sometime other terms and conditions that the seller may propose changing are inspection time frames, choice of title and Escrow Company will be, who pays for the home inspection or demand for proof of funds.

 

 


The terms and conditions in your offer remain in effect if they are not addressed in the counter. As in the original offer that the seller counters, you have the right as the buyer to accept the new terms and conditions, make other terms and conditions, or even end the negotiations. You can counter offer back to the seller with a new counter.  Remember if you don’t agree with the sellers counter, don’t sign it.

 

The counter offer process continues until both parties agree on all the terms and conditions and all the offer documents and counter offer forms are signed, or you agree to end the negotiation.

 

A verbal counter really means nothing.  The terms and conditions must be in writing and signed by both parties to the contract.

 

 

Strategies

 

Your best strategy is discussing your counter offer with your Realtor©.   The Realtor© has a fiduciary duty to represent your interest.  Your interest is to buy your first time home at the lowest price.  If the asking price was $330,000, and I offer $300,000, I may get a counter of $325,000 from the seller.

 

What most people do is keep splitting the difference. In other words, most people would find the midway point between the $325,000 counter offer and my original offer of $300,000, which is $312,500. The seller would then counter with a number between their last counter ($325,000) and my counter ($312,500), or $318,750. Typically, this is where the action would stop. Most Sellers have the capacity to do two counter offers or perhaps three, but usually no more.

 


Instead of the split the difference strategy, I would suggest raising the offer price by $3,000. Each subsequent counter would find me giving less each time. This tells the seller that I’m getting close to the highest price I’m willing to pay.

 

I would also consider timing.  If you counter immediately upon hearing back from the seller on each of the counter offers, the seller is in control.  The seller has all the incentive in the world to keep dealing, because the negotiation is not producing any stress.  So the goal is to leave the seller on the edge of their seat waiting for your reply.  Let the seller wait until the last few hours of what the contract says a reply must be made.

 

 If you use and work with your Realtor©, you should have great success in negotiating a counter offer.

 

Emcee Arah and his team of professionals have a comprehensive understanding of the current real estate market in Silver Spring, Maryland and the Washington, DC Metroplex. Team EMA’s 25-point marketing strategy customizable to each Buyer, is one of the signature tools for their twenty-two years of exceptional customer service in real estate. The mark of excellence combined with a reputation for integrity has earned his team distinction amongst the most trusted Realtors© in Montgomery County, MD.

 

New Home Buyer Information - Steps in the Mortgage Process
When first time home buyers come to me the first question they ask is “Where do I start”?  I always answer “Figure out your financial situation and what you can afford”.  With that being said, the first step in buying a home is talking with a Realtor© or mortgage specialist.  The Realtor© can usually recommend a good mortgage specialist.   Below I will describe the steps in the mortgage process.

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Usually you will be started off with a mortgage application and a credit report will be pulled. The credit report will help the lender identify whether you are a good candidate for a home loan. If your credit is not very stellar, you may have to take some action to improve it before you start the process. So you may want to get your credit scores to see where you stand before you begin.  You can do this at any of these places:

Perhaps you already have great credit score next comes the hard part.  Don’t be surprised with what you will have to give the mortgage specialist in documentation. You will really feel violated, but remember they need this information before they can give you any money.  So don’t fight it, just go with the flow and tell them the truth at every step. Give the mortgage specialist what they ask and do not volunteer information they do not ask for, it may only complicate things.  They will ask you to prove everything, so don’t make statements you can’t back up.

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Once you fill out the mortgage application there are things you need to be careful of so you don’t sabotage the application process. It’s amazing the decisions people made after the application that disqualified them.  Here is a list of things not to do:

1.       Don’t shop around at a lot of places for a mortgage, every time someone pulls your credit report it looks to the bank like you are applying for loans all over town and that you may have gotten a loan on something that is not on the credit report.

2.       Don’t buy anything on credit.

3.       Don’t buy a new car on credit.

4.       Don’t lose your job or an income source.

Be patient, your mortgage specialist will help you see how much you qualify for that home loan.  This will be based on what is called your “Debt to Income” ratio.   After that your mortgage specialist will give you a “pre-approval” letter to give to your Realtor©, so the Realtor can look for a home in you price range. 

 

Emcee Arah and his team of professionals have a comprehensive understanding of the current real estate market in Silver Spring, Maryland and the Washington, DC Metroplex. Team EMA’s 25-point marketing strategy customizable to each Buyer, is one of the signature tools for their twenty-two years of exceptional customer service in real estate. The mark of excellence combined with a reputation for integrity has earned his team distinction amongst the most trusted Realtors© in Montgomery County, MD.

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