Zillow Advice RSS: Question-Discussion-Guide,Buying Process,MD http://www.zillow.com/advice/MD/home-buying-buying-process/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate what does pre-foreclosure mean to someone interested in buying? http://www.zillow.com/advice-thread/what-does-pre-foreclosure-mean-to-someone-interested-in-buying/587786/ How does a potential buyer get more info on pre-foreclosure (auction and non auction) houses on zillow?<br \><br \>5 replies Wed, 20 May 2015 23:49:00 GMT http://www.zillow.com/advice-thread/what-does-pre-foreclosure-mean-to-someone-interested-in-buying/587786/ 2015-05-20T23:49:00Z Buying a Townhome that is directly next to a foreclosure that is in bad shape http://www.zillow.com/advice-thread/Buying-a-Townhome-that-is-directly-next-to-a-foreclosure-that-is-in-bad-shape/587258/ I am purchasing a town home that is right next to a home that has been recently foreclosed. The townhouse that we are interested in was recently inspected with no major structural issues. The home next door; however, is in poor shape with missing flashing/siding and holes in and around the roof. The holes are large enough indicate that animals and bugs may be present in the home. Since these two homes are technically connected, I am wondering what we should ask from the seller and if it is a wise decision to buy a home directly next to a recently foreclosed home.<br \><br \>2 replies Sun, 17 May 2015 15:09:00 GMT http://www.zillow.com/advice-thread/Buying-a-Townhome-that-is-directly-next-to-a-foreclosure-that-is-in-bad-shape/587258/ 2015-05-17T15:09:00Z Homes http://www.zillow.com/advice-thread/Homes/585797/ I would like to know what the financial process contains of when a client rents to buy.<br \><br \>3 replies Wed, 06 May 2015 18:12:00 GMT http://www.zillow.com/advice-thread/Homes/585797/ 2015-05-06T18:12:00Z Good Faith Estimate http://www.zillow.com/advice-thread/Good-Faith-Estimate/584398/ Where on my GFE does it show what I need to bring to closing?<br \><br \>3 replies Sun, 26 Apr 2015 17:25:00 GMT http://www.zillow.com/advice-thread/Good-Faith-Estimate/584398/ 2015-04-26T17:25:00Z What first time buyer programs are available for a veteran with fair/poor credit. No money down? http://www.zillow.com/advice-thread/What-first-time-buyer-programs-are-available-for-a-veteran-with-fair-poor-credit-No-money-down/580894/ 4 replies Mon, 30 Mar 2015 15:51:00 GMT http://www.zillow.com/advice-thread/What-first-time-buyer-programs-are-available-for-a-veteran-with-fair-poor-credit-No-money-down/580894/ 2015-03-30T15:51:00Z I am a first TIME HOME BUYER WITH BAD CREDIT http://www.zillow.com/advice-thread/I-am-a-first-TIME-HOME-BUYER-WITH-BAD-CREDIT/581109/ I AM LOOKING TO PURCHASE A HOME WITHIN THE NEXT SIX MONTHS. MY CREDIT SCORE IS ABOUT 560. I CURRENTLY RENT A CONDO FOR 1200 A MONTH AND WANT TO PAY MUCH LESS MONTHLY FOR A HOME IN THE MARYLAND AREA. PLEASE HELP<br \><br \>1 reply Wed, 01 Apr 2015 01:15:00 GMT http://www.zillow.com/advice-thread/I-am-a-first-TIME-HOME-BUYER-WITH-BAD-CREDIT/581109/ 2015-04-01T01:15:00Z Renovation/rehab loan http://www.zillow.com/advice-thread/Renovation-rehab-loan/578142/ My wife and I just found a home we are interested in. &nbsp;We are looking into obtaining a loan approx 500,000 including 30-35,000 for renovations. &nbsp;We can put down 20%, my credit score is 670-680 wife's credit 709. &nbsp;Our household income is approx 115,000.<br \><br \>9 replies Sun, 08 Mar 2015 18:21:00 GMT http://www.zillow.com/advice-thread/Renovation-rehab-loan/578142/ 2015-03-08T18:21:00Z i want to buy a house in frederick md foreclouser home is what i am looking for http://www.zillow.com/advice-thread/i-want-to-buy-a-house-in-frederick-md-foreclouser-home-is-what-i-am-looking-for/291294/ 4 replies Sun, 25 Oct 2009 02:25:00 GMT http://www.zillow.com/advice-thread/i-want-to-buy-a-house-in-frederick-md-foreclouser-home-is-what-i-am-looking-for/291294/ 2009-10-25T02:25:00Z Polybutylene Plumbing Replacement http://www.zillow.com/advice-thread/Polybutylene-Plumbing-Replacement/577668/ I'm trying to purchase a 1989 built home. The seller has accepted the offer. After inspection it was revealed that plumbing behind the walls is using&nbsp;Polybutylene pipes. The joints are copper so I am assuming this a later version of the&nbsp;Polybutylene pipes. I know the ones with white joins had huge issues. I haven't seen any leak in the home but I cannot trust&nbsp;Polybutylene and will need to replace the plumbing ASAP. Can I ask the seller to give credit for the plumbing of the home? Or if he is not ready for that, can I ask him to reduce the price of the house? Also, if I re-plumb the home, can I add the replacement cost in my loan? I have an approved FHA loan and I know FHA loans can incorporate repair and modification costs. This is a condominium home though.&nbsp;<br/><br/>Also, this is a 2 floor condo townhome with 3 beds and 2.5 baths (1280 square feet). Does anyone have any idea about the cost needed to change the plumbing? I'm planning to use PEX or CPVC pipes.&nbsp;<br/><br/>Thanks and any answers will be appreciated!&nbsp;<br/><br/>&nbsp;<br/><h3 class="r"><br/></h3><br \><br \>4 replies Wed, 04 Mar 2015 00:03:00 GMT http://www.zillow.com/advice-thread/Polybutylene-Plumbing-Replacement/577668/ 2015-03-04T00:03:00Z How likely is it to get closing costs paid? http://www.zillow.com/advice-thread/How-likely-is-it-to-get-closing-costs-paid/576420/ I'm looking to buy in Germantown or Gaithersburg MD. I'm wondering how likely would a seller be willing to assist with most of the closing cost? My problem is I have enough for a downpayment ($7000-$9000) but not necessarily the closing costs. I am first time home buyer looking to buy a townhome in the range of $190,000-$210,000<br \><br \>2 replies Fri, 20 Feb 2015 23:46:00 GMT http://www.zillow.com/advice-thread/How-likely-is-it-to-get-closing-costs-paid/576420/ 2015-02-20T23:46:00Z How likely is it to get closing costs paid? http://www.zillow.com/advice-thread/How-likely-is-it-to-get-closing-costs-paid/576420/ I'm looking to buy in Germantown or Gaithersburg MD. I'm wondering how likely would a seller be willing to assist with most of the closing cost? My problem is I have enough for a downpayment ($7000-$9000) but not necessarily the closing costs. I am first time home buyer looking to buy a townhome in the range of $190,000-$210,000<br \><br \>2 replies Fri, 20 Feb 2015 23:46:00 GMT http://www.zillow.com/advice-thread/How-likely-is-it-to-get-closing-costs-paid/576420/ 2015-02-20T23:46:00Z Can I afford to buy right now? http://www.zillow.com/advice-thread/Can-I-afford-to-buy-right-now/576339/ My current salary is $63000 a year (equates to $5250 monthly before tax). I have $7,000 saved for a down payment and my monthly debts are $660. Can afford to buy right now and if so what should be the max I can afford<br \><br \>8 replies Fri, 20 Feb 2015 02:56:00 GMT http://www.zillow.com/advice-thread/Can-I-afford-to-buy-right-now/576339/ 2015-02-20T02:56:00Z Can I afford to buy right now? http://www.zillow.com/advice-thread/Can-I-afford-to-buy-right-now/576339/ My current salary is $63000 a year (equates to $5250 monthly before tax). I have $7,000 saved for a down payment and my monthly debts are $660. Can afford to buy right now and if so what should be the max I can afford<br \><br \>8 replies Fri, 20 Feb 2015 02:56:00 GMT http://www.zillow.com/advice-thread/Can-I-afford-to-buy-right-now/576339/ 2015-02-20T02:56:00Z Buy fourplex with $30,000 http://www.zillow.com/advice-thread/Buy-fourplex-with-30-000/573846/ Hello, Dear Gentlemen!<br/><br/>I am a programmer from Russia, 24 years old. Going to the US, Rockville, MD with H1B visa, salary will be $70,000 gross. The goal of H1B is to live in America while I participate in Greencard lottery (I have asked about 50 people, lottery takes up to 7 years to win, I have been participating only for 2 years now, so up to 5 years more).<br/><br/>Right now in Moscow I have deposit of $30,000, which I want to spend for a fourplex in the US. The scheme is very simple - to live in one unit and rent out others. It could help me save money for living and invest my $30,000.<br/><br/>I used to have my programming studio in Russia, my wife holds her own online shop www.beautyburo.ru, so we both know how to handle business in general, but in housing we are as green as we could be. The basic questions are:<br/>&nbsp;<br/>1) How to estimate occupancy?&nbsp;<br/>2) Are there any chances to get FHA 203k loan straight after coming to the US? 3.5% down payment is a thing to fight for. Maybe there is a type of contract, so if I get fired and have to leave US, then my home goes to the bank for some negotiable reward. It should be reasonable for bank, and I understand the risk.<br/>3) What are typical needs of renters? Should I find a home near railroad station and bus station, or in the silent neighborhood? Should it be close to the mall?<br/>4) How much does due diligence of the house cost? I would like to hire a specialist.<br/><br/>There should be many real estate agents on this forum who could offer their services or give an advice, as they now understand my situation. I know that US is a country of possibilities.<br/><br/>If you want a private talk, you can find me on [Website removed by Zillow moderator. Please see our&nbsp;<a href="http://www.zillow.com/howto/GoodNeighborPolicy.htm" title="Good Neighbor Policy" rel="nofollow">Good Neighbor Policy</a>.] I will be very pleased to work with specialists.&nbsp;<br/><br/>Thank you and wish you a pleasant day!<br \><br \>3 replies Thu, 29 Jan 2015 11:56:00 GMT http://www.zillow.com/advice-thread/Buy-fourplex-with-30-000/573846/ 2015-01-29T11:56:00Z Buy fourplex with $30,000 http://www.zillow.com/advice-thread/Buy-fourplex-with-30-000/573846/ Hello, Dear Gentlemen!<br/><br/>I am a programmer from Russia, 24 years old. Going to the US, Rockville, MD with H1B visa, salary will be $70,000 gross. The goal of H1B is to live in America while I participate in Greencard lottery (I have asked about 50 people, lottery takes up to 7 years to win, I have been participating only for 2 years now, so up to 5 years more).<br/><br/>Right now in Moscow I have deposit of $30,000, which I want to spend for a fourplex in the US. The scheme is very simple - to live in one unit and rent out others. It could help me save money for living and invest my $30,000.<br/><br/>I used to have my programming studio in Russia, my wife holds her own online shop www.beautyburo.ru, so we both know how to handle business in general, but in housing we are as green as we could be. The basic questions are:<br/>&nbsp;<br/>1) How to estimate occupancy?&nbsp;<br/>2) Are there any chances to get FHA 203k loan straight after coming to the US? 3.5% down payment is a thing to fight for. Maybe there is a type of contract, so if I get fired and have to leave US, then my home goes to the bank for some negotiable reward. It should be reasonable for bank, and I understand the risk.<br/>3) What are typical needs of renters? Should I find a home near railroad station and bus station, or in the silent neighborhood? Should it be close to the mall?<br/>4) How much does due diligence of the house cost? I would like to hire a specialist.<br/><br/>There should be many real estate agents on this forum who could offer their services or give an advice, as they now understand my situation. I know that US is a country of possibilities.<br/><br/>If you want a private talk, you can find me on [Website removed by Zillow moderator. Please see our&nbsp;<a href="http://www.zillow.com/howto/GoodNeighborPolicy.htm" title="Good Neighbor Policy" rel="nofollow">Good Neighbor Policy</a>.] I will be very pleased to work with specialists.&nbsp;<br/><br/>Thank you and wish you a pleasant day!<br \><br \>3 replies Thu, 29 Jan 2015 11:56:00 GMT http://www.zillow.com/advice-thread/Buy-fourplex-with-30-000/573846/ 2015-01-29T11:56:00Z Bently Park Prices Too High? http://www.zillow.com/advice-thread/Bently-Park-Prices-Too-High/539481/ Hi, I am looking into possibly purchasing a &nbsp;home in the Bently Park community in Laurel, MD, but I'm hesitant because the starting prices for the NV Homes are from the mid $500's to low $600's. &nbsp;A very similar neighborhood just south of the site (just south of Greencastle) is registering previous sales (according to Zillow) in the $300's and $400's with current asking prices in the mid $500's. &nbsp;I'm also concerned about the high number of foreclosures in the area (PGC specifically). &nbsp;<br/><br/>&nbsp;--Is it normal for new construction to be overpriced relative to similar neighboring communities? &nbsp;How do I know if I'd be overpaying if the local comps are $100k below the asking price here? How are so many foreclosures in the area going to impact my property value, and shouldn't that be priced in?<br/>--Does anyone know the master development plan for the area? &nbsp;It seems pretty rural to me right now. &nbsp;Are the high prices in anticipation of future development? (wholefoods, starbucks, shopping, etc., LOL). &nbsp;As you can see a part of me is hesitant about moving to the burbs!<br/><br/>This is my first home and I really don't want to start off being underwater and overpaying.<br/><br/>Thanks,<br/>Dave<br \><br \>2 replies Tue, 06 May 2014 12:56:00 GMT http://www.zillow.com/advice-thread/Bently-Park-Prices-Too-High/539481/ 2014-05-06T12:56:00Z could a person get a fha loan with a charge0ff of 8,911.will this effect debt to ratio http://www.zillow.com/advice-thread/could-a-person-get-a-fha-loan-with-a-charge0ff-of-8-911-will-this-effect-debt-to-ratio/376878/ 4 replies Sun, 05 Dec 2010 02:18:00 GMT http://www.zillow.com/advice-thread/could-a-person-get-a-fha-loan-with-a-charge0ff-of-8-911-will-this-effect-debt-to-ratio/376878/ 2010-12-05T02:18:00Z Advice on buying a townhome/condo http://www.zillow.com/advice-thread/Advice-on-buying-a-townhome-condo/559184/ I'm a single guy with a credit score of 810 and a salary of roughly 65,000 a year. &nbsp;I'm currently sharing an apartment with a roommate, but I'm looking to buy either a townhouse or a condo (and rent a room out), but I have two major challenges:<br/><br/>1) I have little to offer for a down payment; I'll probably only be able to swing $5,000 down.<br/><br/>2) I have student loans totaling about 40,000 (I am half-way through the public service forgiveness program) and about $5,000 left to pay on my car.&nbsp;<br/><br/>What would be your advice for buying a property? &nbsp;I've rented for the last five years and plan to be in the area for at least the next five years (most likely 10-15) and don't plan on moving from the place I buy unless I were to get married (I'm in my early 30s). &nbsp;<br/><br/>It's important to note that I currently live and work in Montgomery County, MD and have no interest in moving further west to Frederick or north to Washington or Carroll counties.<br \><br \>11 replies Sun, 14 Sep 2014 01:04:00 GMT http://www.zillow.com/advice-thread/Advice-on-buying-a-townhome-condo/559184/ 2014-09-14T01:04:00Z Is buying an Estate sale home any different from buying a regular home? http://www.zillow.com/advice-thread/Is-buying-an-Estate-sale-home-any-different-from-buying-a-regular-home/446814/ I see an estate home that is for sale and wanted to know if they pay closing fees generally and negoiate price...<br \><br \>7 replies Thu, 14 Jun 2012 15:24:00 GMT http://www.zillow.com/advice-thread/Is-buying-an-Estate-sale-home-any-different-from-buying-a-regular-home/446814/ 2012-06-14T15:24:00Z Amende Return http://www.zillow.com/advice-thread/Amende-Return/565068/ I'm in the underwriting process and I had to amend my tax returns because my tax preparer filed my tax returns incorrect,y for her to receive more money but gave me copies of my tax return as if she did it correctly so I had to amend to show my correct income I had the returns stamped by its and I did a payment plan because I now have a balance of $2300 owed to irs my payment plan is set up for $35 monthly will my loan fall thru<br \><br \>1 reply Sat, 01 Nov 2014 15:10:00 GMT http://www.zillow.com/advice-thread/Amende-Return/565068/ 2014-11-01T15:10:00Z