Nov. 7, 2016

Help, a Dog Bit My Home Inspector During a Home Inspection,What To Do?

What  to Expect With a Home Inspection

When Buying Your Home?

 by; Fernando Herboso Broker for Maxus Realty Group 

Question: 

"A dog bit my home inspector while doing my home inspection, do I pay his doctor bills?

Answer:  

The homeowner's insurance company should be involved if by accident the homeowner's dog injures any party during a home inspection. You should ask your broker and an attorney for advice. 

You should ask your broker and an attorney for advice. 

The only responsibility you have when buying a home is to make the decision to have a home inspection. 

So, while I can not answer you directly about the dog incident, I can advise strongly  to complete your home inspection with the same inspector or another one (if incapacitated) and protect yourself as a homebuyer. 

As you know, 

As soon as you made an offer to buy a home, and it gets accepted, now your next step is to have the home inspected prior to closing. Most of the time, an offer to buy a home has a condition called a "contingency"
Your offer is made and accepted contingent on a clean home inspection.

This contingency is put in place to protect your best interests as it allows you to renegotiate the price paid for the home if, during the home inspection, there are issues of important repairs needed to prior to your occupancy of your new home.

Normally your real estate agent will ask the sellers to cover repairs on your behalf, or even, in some cases, your agent may recommend/advice to walk away. Your agent has the knowledge to advise you on the best course of action once the report is presented to you for your approval.

 

Home Inspection

How to Choose an Inspector-

Most often, your agent will most likely have a short list of home inspectors that they have worked with in the past...they will most likely recommend them to you. Ultimately you have to make the final decision of what inspector to choose for your home inspection.

These are the most important things to consider when choosing the right home inspector.

Price -

There are many differences on Home Inspection prices these days. A normal price range is between $350-$600, anything outside that price range could be a warning sign of overcharging or undercharging
There are particular cases when a property may warrant a more specialized home inspection...but most often the price you will have to pay for a home inspection should be within that range.

Qualifications –
You want to know what’s included in your inspection & if the age or location of your home may warrant specific certifications or specialties that require extra reports and detailed inspections

Home Buyers Services

What Gets Inspected? – 

A home inspection should be as detailed as possible. Your home inspection report should be as thoroughly as possible including:

The Foundation of the house. Especially tree roots that may be interfering with its integrity
The Lot for proper drainages and soggy areas
The Roof's age and its condition.
The Exterior of the House, does it need repairs?
The Basement: for water damage or adequate insulation
The Attic: for inspection of the interior roof support, insulation, and adequate ventilation
All Electrical and Plumbing: for potential code violations and safety for the occupants
The Appliances: for age and condition.
The Heating and Cooling System: for proper working condition, inspection of all filters and the age of the system for proper recommendations
Pests, Pets and Pollution: as termites or any other insect infestations, could cost several thousands of dollars to repair. Inspect for pet damage to the house, including odor and carpet condition

 

For Real Estate Agents Only: 

"What's the Role of a Real Estate Agent During Home Inspections?"


 

Checking References –

Do your homework – ask for phone numbers and names of past clients that you can call to ask about their experience. Your real estate agent should be able to help you on this.

Errors & Omission Insurance

Find out what the liability of the inspector or inspection company is once the inspection is over. This is very important in case there are missteps during the home inspection that could cost thousands to remediate once they are found...costing you thousands of dollars as the new homeowner. The inspector is only human after all, and it is possible that they might miss something they should have seen. Thier insurance is just another way to protect yourself.

It is always recommended that you tag the home inspector during the home inspection. That way they can point out anything that should be addressed or fixed. . while giving you tips on the proper maintenance of your future new home. Of course, I don't recommend to follow your home inspector by climbing on the roof or crawling around in the attic. The job of the inspector is to protect your investment and he/she most certainly will be crawling, climbing and digging in areas that could be unsafe for you .

Once the home inspection is completed and a report is generated by the home inspector, your real estate agent will have a consultation with you to go over all the issues reported in the report.
It is up to you and the recommendation of your real estate agent to what course of action should you take next.

Your Options -

1` Acceptance: You accept the present condition of the house and continue on.
2` Negotiations: Your real estate agent negotiates for the seller to repair problems found during the         home inspection
2` Wall Away: You decide, (provided that your contract allows you) to walk away and avoid the purchase contract.

Final Advice:

The cost of an inspection is a small fraction of the cost of the property or of a major future repair. Ask your real estate agent when putting an offer to buy a house. . . .


" I want my offer to be contingent on a home inspection"

home buying secrets

 

Posted in Buyers Help
Oct. 24, 2016

Distressed Property Sales Are Way Down

Distressed Property Sales Are Way Down. . .

Here's a quick glimpse of just how far the market has come down since January 2012

"The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report revealing that distressed property sales accounted for 4% of sales in September. This is down from 7% in 2015, and is the lowest figure since NAR began tracking distressed sales in October 2008."



Being able to find and buy distressed properties is a very competitive endeavor these days..
but when inventory drops, this gets even harder.

The best advice to savvy home buyers is to be ready to fight for every single bargain out there


You will be competing with investors and get rich quick schemers.
One of the ways that you can save yourself a lot of time when searching for foreclosure homes for sale and other distressed properties in the Maryland, DC and VA region is by coming to ReallyNiceHomes.com

Purchasing foreclosed homes or pre-foreclosure properties can be a great experience if you give enough time to educate yourself on the complexities of buying foreclosure homes or properties.

Home buyers looking for foreclosed homes need to be aware the pitfalls and mistakes many people make when searching for distressed properties.

All you have to do is call on us and let us represent you at no cost to you. Our agents make their commissions from the bank . .not the BUYER!

Even thought that foreclosures are not as common as it was a few years ago. . there are still plenty of bargains for the savvy home-buyer out there..

Yes, we know that the number of distressed properties is dramatically lower than it was before. .for that reason we are focus on specific types of foreclosures in 2016-2017

Give us a call at 301-246-0001 to get a fresh list of foreclosures..
or you can sign up here..

If you are an investor, you should check our specialized services, I can assure you thta we can save you lots of money..

when buying distressed properties in Maryland, DC and VA

Oct. 17, 2016

What's my Home Worth in Maryland?

Your Home's Value 

Getting a better idea about your home value is definitely a good first step if you are considering selling in near future. 
"Your home value is based on what a willing and able buyer will pay for it in today's market conditions" 
It is just a starting point if you are thinking about selling your home...there are many other steps you must consider before entering  the real estate market. 
Where to obtain your home's value? 
For a quick and no-so-accurate report many homeowners use online tools such as Zillow or many others.
The problem, with Zillow is that there is no one doing this,...all it computerized and there are no adjustments and input about the current local market considerations
IHouseWorth.com is a tool we offer to give you 3 options in obtaining your home's worth
We take in consideration the current comparables and past history to give us an accurate assessment how market conditions are affecting the price of your home. . and most importantly it give us  some insight into how your home value is trending. 
We will manually generate a complete Comparative Market Analysis (CMA) . 
We will look at each comparable property, weigh its pros and cons in comparison to your home, and then make valuation adjustments.  
We will do the proper comparisons by sold properties of similar size, characteristics, and take in consideration any major improvements made in your  house and it's location. 
And finally our  in-depth analysis of your home's worth will also include a feasibility study and the an ABSORPTION RATE STUDY
?
IHouseWorth.com is a tool for homeowners to  help you find your home's value in the most accurate way possible,
Check us out an request yoru home's value by using IHouseWorth.com
Oct. 17, 2016

Don’t Disqualify Yourself When Buying a Home

Don’t Disqualify Yourself… Did You Know That Over Half of All Loans Approved Have a FICO Score Under 750?

 

FICO scores is a mathematical credit scoring model that was created by the Fair Isaac Credit Organization (FICO). 

Your personal FICO scores is one of the most important numbers to understand in your personal AND business financial life.

The results of countless studies have shown that potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a  Mortgage in today’s market.

A conditional loan approval is a statement from a lender, asserting that the lender is willing to loan a specific amount of funds to the potential borrower after meeting specific conditions inside their FICO Scores.

Ellie Mae’s Vice President, Jonas Moe recently encouraged buyers to know their options before assuming that they do not qualify for a mortgage:

“Many potential home buyers are 'disqualifying' themselves. You don't need a 750 FICO Score and a 20% down payment to buy.”

So what credit score is necessary?

Below is a breakdown of the FICO Score Distribution of all closed (approved) loans in August from Ellie Mae’s latest Origination Report.

Over 50% of all approved loans had a FICO Score under 750. . . when many potential home buyers believe that they need a score over 780 or beyond  to qualify.

Bottom Line

If owning a home of your own has always been a dream of yours and you are ready and willing to buy, find out if you are really able to obtain a loan approval. 

We understand that obtaining a loan approval is a stressful time for many mortgage borrowers, for that reason, 

my advice for first-time home buyers is to hire a buyers agent to work for you. 

Whether you are thinking about purchasing a home, condo, duplex, or land, our associates in Maxus Realty Group and ReallyNiceHomes.com have the most experienced agents ready to represent the best interest of buyers.

Give us a call at 301-246-0001; we would love to help you make your next purchase. 

Posted in Buyers Help
June 25, 2016

The Trump Effect on Real Estate Professionals

The Trump Effect on Real Estate Professionals

Carlos Herboso is one of our top producer agents for our company Maxus Realty Group,
as he was showing homes to one of his clients,

He heard it loud and clear...

"We don't want Muslims in our clubhouse, take off that robe over your head!"

We train our agents with scripts & Dialogues to use in all situations when our agents encounter objections..

I never thought of giving them a script to respond to this..

"We don't want Muslims in our clubhouse, take off that robe over your head!"

How do you respond to that?

There is a new disturbing trend we are encountering as real estate professionals.
In our business. .
Our real estate agents go through several steps before showing houses to our clients.
There is the preparation time for loan application, consultation and a complete study of the market for location and homes availability.

All of this is dependent on the client's preferences according to their needs: workplace, commuting times, school locations, neighborhood amenities, community benefits, near other family members, etc. etc

Finding the right home in the right place at the right price is the culmination of all that work..
except in this case..
someone threw out a monkey wrench into this real estate transaction.,,

Meet Carlos clients:
A Veteran with a Muslim wife "armed" with a VA loan to save money on their mortgage costs.
A Veteran who served our country. . the United States of America...
Carlos helped prepare them for their home purchase plans,
after a long process of collaboration and applications, they were finally ready to achieve the American Dream of finally owning a home.

They visited several homes during the day before arriving to a new community located of Worman's Mill in Frederick Maryland

As they entered the property, the house seemed to be exactly what the couple was looking for
It had all the features they wanted in their new home,
"Carlos, I believe this is it, let's write an offer on this one"
Said the happy couple.
Carlos wanted introduce them to all the wonderful amenities that came with the property inside this beautiful neighbor..
The pool, the party room, exercise room tennis courts...
as they made a quick visit to the clubhouse,
they heard the warning from one presumed resident of the area. .
loud and clear..

"We don't want Muslims in our clubhouse, take off that robe over your head!"

Carlos, did the right thing,
Instead of confronting the bigoted person..
he apologized to his clients for having to hear the racist comment as he summoned them and proceeded to complain to the manager inside the clubhouse

The appalled manager identified her as a "retired school teacher" and made it clear immediately, that the "teacher" was speaking for herself and not for the whole community

It is after all only my assumptive opinion that there is a new air of racism and bigotry in a lot of people today..
Only one person could be the instigator of all this,
Running a campaign based on bigotry, prosecution and separatism,
As a Hispanic citizen of this great country for over 30 years, I feel that change
As I encountered the same thing myself when I was showing homes to a dear family in an affluent neighborhood
My client's 4 year old child needed to use to the bathroom and the house I was showing them did not have running water.
Instead of going to the nearest gas station a few miles away,
I saw a neighbor outside the yard and I asked politely for permission to use their bathroom for my client's child.
"Can the little girl use the bathroom please? "
The neighbor refused, went inside and close the door.
I was livid and disappointed...
At that time, I suspected the choice of vestment from my clients was the only reason. .
but I was never sure,
it is precisely in that gray area where racism is alive and well inside the souls of a lot of people these days...
I'm concerned about my agents, and most importantly,
I'm concerned about my own family

Rep. Charlie Rangel was recently quoted as saying Donald Trump has "pulled the sheets off" a party.
It may be so, I don't know...
But, I was a registered Republican long ago...
I did not leave the party. .
The party left me
I was a proud registered Republican when Ronald Reagan said
"Mr Gorbachev, tear down this wall!"
and now they are saying..
"Let's build a "beautiful"wall"
Big difference. .

As a business owner, it is always good advice not too choose sides when it comes to politics, sports and religions
but then again,
the real estate business is very emotional
is a life event when someone chooses to buy or sell a home
We connect with our clients in many ways...
and sometimes, when that connection does not exist...
it is simply because we are not a match with them..
That is perfectly fine. .we don't refuse business to anyone based on their beliefs or opinions
but we reserve the right to refuse working with someone who imposes "loudly" bigotry as their main agenda.

If you are a racist, you may just consider staying under that sheet....is not good to advertise it in the public...trust me on this.

If you are a real estate agent, as you may encounter the same situation as our agent Carlos did...
Your response should be silence..
Because there is nothing you can say to an ignorant person,
where rationale and common sense has left long ago. .
But you should report it..
Just like Carlos did.

Fernando Herboso is a Broker/Owner of Maxus Realty Group /www.ReallyNiceHomes.com
Clarksburg Maryland
301-246-0001
email: Fernando@ReallyNiceHomes.com

Posted in Buyers Help
April 22, 2016

Homes for Sale by Potomac Elementary District in Potomac

Homes for Sale by Potomac Elementary District in Potomac 

Homes For Sale  NEAR Potomac Elementary 

 

Search Other Schools Here 

Showcasing ONLY homes for sale near/around Potomac Elementary District!

On this page you can see all Potomac Elementary Homes for Sale by:

  • Price
  • Map
  • Zip Code

Welcome to ReallyNiceHomes.com – here you can search all Homes For Sale as listed in the MRIS (MLS System)

We have compiled a list of homes near Potomac Elementary District in one single place.

This site is focused in finding homes for sale around any of the school dstricts in Montgomery County Maryland providing you the most complete and accurate source of property listings and related information about homes for sale in and around the School Districts in Montgomery County Maryland

Our phylosphy is: 

"The key factors in searching for a new home for your family should also be around advanced school search parameters that will  enhance your real estate search experience. ."

Search For Homes Around 

Potomac Elementary  

 

Search For Homes  Around Other Schools Nearby. . 

All Other School in Montgomery County Here 

 

 ""> 

If you need immediate help or would like to see a home inmediatley, please call us directly at 301-246-0001

Thank You!

 

Posted in Schools
April 22, 2016

Homes for Sale by Chevy Chase Elementary District in Chevy Chase

Homes for Sale by Chevy Chase Elementary District in Chevy Chase

Homes For Sale  NEAR Chevy Chase Elementary 

 

Search Other Schools Here 

Showcasing ONLY homes for sale near/around Chevy Chase Elementary District!

On this page you can see all Chevy Chase Elementary Homes for Sale by:

  • Price
  • Map
  • Zip Code

Welcome to ReallyNiceHomes.com – here you can search all Homes For Sale as listed in the MRIS (MLS System)

We have compiled a list of homes near Chevy Chase Elementary District in one single place.

This site is focused in finding homes for sale around any of the school dstricts in Montgomery County Maryland providing you the most complete and accurate source of property listings and related information about homes for sale in and around the School Districts in Montgomery County Maryland

Our phylosphy is: 

"The key factors in searching for a new home for your family should also be around advanced school search parameters that will  enhance your real estate search experience. ."

Search For Homes Around 

Chevy Chase Elementary  

 

Search For Homes  Around Other Schools Nearby. . 

All Other School in Montgomery County Here 

 

 ""> 

If you need immediate help or would like to see a home inmediatley, please call us directly at 301-246-0001

Thank You!

 

Posted in Schools
April 22, 2016

Homes for Sale by Fallsmead School District in Bethesda

Homes for Sale by Fallsmead School District in Bethesda

Homes For Sale  NEAR Fallsmead Elementary 

 

Search Other Schools Here 

Showcasing ONLY homes for sale near/around Fallsmead Elementary District!

On this page you can see all Fallsmead Elementary Homes for Sale by:

  • Price
  • Map
  • Zip Code

Welcome to ReallyNiceHomes.com – here you can search all Homes For Sale as listed in the MRIS (MLS System)

We have compiled a list of homes near Fallsmead Elementary District in one single place.

This site is focused in finding homes for sale around any of the school dstricts in Montgomery County Maryland providing you the most complete and accurate source of property listings and related information about homes for sale in and around the School Districts in Montgomery County Maryland

Our phylosphy is: 

"The key factors in searching for a new home for your family should also be around advanced school search parameters that will  enhance your real estate search experience. ."

Search For Homes Around 

Fallsmead Elementary  

 

Search For Homes  Around Other Schools Nearby. . 

All Other School in Montgomery County Here 

 

 ""> 

If you need immediate help or would like to see a home inmediatley, please call us directly at 301-246-0001

Thank You!

 

Posted in Schools
April 22, 2016

Homes for Sale by Wyngate Elementary District in Bethesda

Homes for Sale by Wyngate Elementary District in Bethesda

Homes For Sale  NEAR Wyngate Elementary 

 

Search Other Schools Here 

Showcasing ONLY homes for sale near/around Wyngate Elementary District!

On this page you can see all Wyngate Elementary Homes for Sale by:

  • Price
  • Map
  • Zip Code

Welcome to ReallyNiceHomes.com – here you can search all Homes For Sale as listed in the MRIS (MLS System)

We have compiled a list of homes near Wyngate Elementary District in one single place.

This site is focused in finding homes for sale around any of the school dstricts in Montgomery County Maryland providing you the most complete and accurate source of property listings and related information about homes for sale in and around the School Districts in Montgomery County Maryland

Our phylosphy is: 

"The key factors in searching for a new home for your family should also be around advanced school search parameters that will  enhance your real estate search experience. ."

Search For Homes Around 

Wyngate Elementary  

 

Search For Homes  Around Other Schools Nearby. . 

All Other School in Montgomery County Here 

 

 ""> 

If you need immediate help or would like to see a home inmediatley, please call us directly at 301-246-0001

Thank You!

 

Posted in Schools
April 22, 2016

Homes for Sale by Burning Tree Elementary District in Bethesda

Homes for Sale by Burning Tree Elementary District in Bethesda 

Homes For Sale  NEAR Burning Tree Elementary 

 

Search Other Schools Here 

Showcasing ONLY homes for sale near/around Burning Tree Elementary District!

On this page you can see all Burning Tree Elementary Homes for Sale by:

  • Price
  • Map
  • Zip Code

Welcome to ReallyNiceHomes.com – here you can search all Homes For Sale as listed in the MRIS (MLS System)

We have compiled a list of homes near Burning Tree Elementary District in one single place.

This site is focused in finding homes for sale around any of the school dstricts in Montgomery County Maryland providing you the most complete and accurate source of property listings and related information about homes for sale in and around the School Districts in Montgomery County Maryland

Our phylosphy is: 

"The key factors in searching for a new home for your family should also be around advanced school search parameters that will  enhance your real estate search experience. ."

Search For Homes Around 

Burning Tree Elementary  

 

Search For Homes  Around Other Schools Nearby. . 

All Other School in Montgomery County Here 

 

 ""> 

If you need immediate help or would like to see a home inmediatley, please call us directly at 301-246-0001

Thank You!

 

Posted in Schools