Zillow Advice RSS: Question-Discussion-Guide,When to Sell,MD http://www.zillow.com/advice/MD/home-selling-when-to-sell/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate Can i sell my house??? I have added over $24,000 in upgrades. http://www.zillow.com/advice-thread/Can-i-sell-my-house-I-have-added-over-24-000-in-upgrades/532080/ 11 replies Wed, 12 Mar 2014 21:35:00 GMT http://www.zillow.com/advice-thread/Can-i-sell-my-house-I-have-added-over-24-000-in-upgrades/532080/ 2014-03-12T21:35:00Z Why is now a good time to sell in Silver Spring MD? http://www.zillow.com/advice-thread/Why-is-now-a-good-time-to-sell-in-Silver-Spring-MD/502530/ Most importantly....have you noticed what's happening to mortgage interest rates lately? Yes, they are STILL HISTORICALLY LOW but when they jumped from 3.5 to 4.5% some buyers had to lower their expectations for the next home. If they continue to rise buyers may "get off the fence" and buy now before it is too late to live in the community they like best. What do you think?<br \><br \>3 replies Thu, 18 Jul 2013 19:56:00 GMT http://www.zillow.com/advice-thread/Why-is-now-a-good-time-to-sell-in-Silver-Spring-MD/502530/ 2013-07-18T19:56:00Z rent out or sell http://www.zillow.com/advice-thread/rent-out-or-sell/501280/ I will likely have to bring $50K to closing to sell my house vs renting at a loss of about 400 per month.&nbsp;&nbsp;&nbsp; Looking for a model to make a good financial decision.<br \><br \>8 replies Thu, 11 Jul 2013 00:35:00 GMT http://www.zillow.com/advice-thread/rent-out-or-sell/501280/ 2013-07-11T00:35:00Z When does it make sense to attempt a short sales? http://www.zillow.com/advice-thread/When-does-it-make-sense-to-attempt-a-short-sales/493126/ My Zestimate is the lowest it has been since the economic meltdown began. I owe $190k on my home and today's Zestimate is $117k. I am chained to this house and it looks like things are continuing to worsen. When is the right time to attempt a short sale?<br \><br \>13 replies Mon, 20 May 2013 15:13:00 GMT http://www.zillow.com/advice-thread/When-does-it-make-sense-to-attempt-a-short-sales/493126/ 2013-05-20T15:13:00Z settlement costs http://www.zillow.com/advice-thread/settlement-costs/492714/ 2 replies Fri, 17 May 2013 00:42:00 GMT http://www.zillow.com/advice-thread/settlement-costs/492714/ 2013-05-17T00:42:00Z What can I do to get more (or better) quotes for my loan request ZR-DLBCZGZ? http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-DLBCZGZ/489230/ 1 reply Tue, 23 Apr 2013 19:03:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-DLBCZGZ/489230/ 2013-04-23T19:03:00Z Date for Upcoming Open House? http://www.zillow.com/advice-thread/Date-for-Upcoming-Open-House/455347/ My realtor says this weekend, Aug 18/19 is much better than Aug. 25/26, or Sep. 8/9.&nbsp; I feel like I'm not quite ready and would prefer to wait, but don't want to lose the best opportunity.&nbsp; What do you think?<br \><br \>4 replies Mon, 13 Aug 2012 18:22:00 GMT http://www.zillow.com/advice-thread/Date-for-Upcoming-Open-House/455347/ 2012-08-13T18:22:00Z Should I wait or should I short sale? http://www.zillow.com/advice-thread/Should-I-wait-or-should-I-short-sale/401295/ I have a home that I purchased in 2007 as an investment property that was estimated at $320K. I purchased it for $220K and then put $70K into it for repairs that were needed to make it liveable. &nbsp;I have a 1st and 2nd mortgage on this property. &nbsp;However I took out a HELOC on my primary residence in order to purchase the property mentioned and to make the needed repairs. &nbsp;The HELOC is on my primary residence. &nbsp;The 1st and 2nd on this investment property are both interest only. The 1st loan is approx. $217K and the 2nd loan is approx. $32K. &nbsp;I owe $50K on my HELOC on my primary residence. &nbsp;I use this property that I want to sell as a rental property and would really like to get out of it as soon as possible and was hoping to take advantage of the Mortgage Forgiveness Act to not be penalized. &nbsp;According to this site my property is work $136K but it's been totally renovated and upgraded inside so I'm guessing its current market value is $150K or slightly better but still not enough to pay off the loans.<br/><br/>Should I try to sell it as a short sale if the mortgage company agrees or should I try to wait? &nbsp;It sounds like the housing market will be struggling for many more years to come and I'd like to sell this property and my primary residence to get a fresh start and buy something new at today's prices but I don't know how a short sale will affect me tax wise or credit wise.<br \><br \>14 replies Wed, 01 Jun 2011 01:56:00 GMT http://www.zillow.com/advice-thread/Should-I-wait-or-should-I-short-sale/401295/ 2011-06-01T01:56:00Z A Question of Timing: Sell now? http://www.zillow.com/advice-thread/A-Question-of-Timing-Sell-now/427802/ We purchased our townhome at (hindsight being 20/20) a bad time circa 2007 for 390K, with&nbsp;20% cash down. &nbsp;Family is getting larger so thinking about upsizing to a SFH.&nbsp; Remaining principal on <a href="http://www.zillow.com/mortgage-rates/">loan</a> is 295K.&nbsp;&nbsp; Recent comps of townhomes in the area have sold in the range of 307,000 to 325,000 in the past 6 months or so...&nbsp; While we aren't underwater, the concern is after <a href="http://www.zillow.com/directory/real-estate-agents/">realtor</a> fees... and then enough to cover the principal there's not much left.&nbsp;&nbsp; <strong>(1)</strong> <em>I understand that sellers often give incentives towards closing costs&nbsp;... I would not have much to give in this scenario assuning a negotiated sale price in the 310s and 5&nbsp;to 7% realtor fees.&nbsp; How important is the incentive?</em><strong>&nbsp;&nbsp; (2)</strong> <em>What is the wisdom in proceeding with selling my townhome?&nbsp;&nbsp; Part of my logic was that there will be no recovery in the next five+ years to break even or profit from what was originally paid.&nbsp;&nbsp; Even worse if sale prices continue to head south ...</em><br \><br \>15 replies Fri, 06 Jan 2012 14:38:00 GMT http://www.zillow.com/advice-thread/A-Question-of-Timing-Sell-now/427802/ 2012-01-06T14:38:00Z how do I REMOVE MY HOME http://www.zillow.com/advice-thread/how-do-I-REMOVE-MY-HOME/430321/ 0 replies Mon, 30 Jan 2012 00:34:00 GMT http://www.zillow.com/advice-thread/how-do-I-REMOVE-MY-HOME/430321/ 2012-01-30T00:34:00Z IF you KNEW these STATISTICS would you STILL SELL? Their May be a SMALL WINDOW of OPPORTUNITY http://www.zillow.com/advice-thread/IF-you-KNEW-these-STATISTICS-would-you-STILL-SELL-Their-May-be-a-SMALL-WINDOW-of-OPPORTUNITY/390519/ Don't&nbsp;STAND on the fence too long. With the right marketing techniques and pricing strategy, your house can soon go from&nbsp;LISTED to SOLD! <p><strong>WHY? Well, let's look at some of the statistics&nbsp;up through&nbsp;February 2011 moving now into March.</strong></p><p>Sales continue to post strong activity in the Mid-Atlantic and Maryland Region's spring housing market. For the week ending February 26 there were 12.2 percent more signed purchase agreements than there were a year ago. Over the last 3 months there have been 15.6 percent more Pending Sales than there were during the same period a year ago.</p><p><strong>15.6% over the last 3 Months??!! - This was during the WINTER MONTHS! Now continue reading??</strong></p><p>Supply has been a different story, where new listings and inventory are not matching the pace of prior years. There were 18.2 percent fewer New Listings for the most recent reporting week compared to last year. Over the last three months there have been 5.8 percent fewer homes placed on the market. The 53,479 homes on the market are a decline of 7.4 percent from a year ago. With sales posting strong figures and new listings not following suit, expect inventory to continue to decline as 2011 progresses.</p><p><strong>You read it right?.."Sales are posting STRONG FIGURES and new listings not following suit".. EXCEPT MAYBE?.YOURS!!</strong></p><p>"Expect inventory to continue to decline as 2011 progresses" that is until Bank of America decides to open the flood gates of&nbsp;foreclosure auctions which will eventually hit the market as REO Real Estate Owned Properties in Maryland which YOUR home will be in competition with?.you don't want that!! Get your home listed in Maryland NOW while the inventory is LOW?.it just makes sense to DO!</p><br \><br \>6 replies Sat, 12 Mar 2011 18:45:00 GMT http://www.zillow.com/advice-thread/IF-you-KNEW-these-STATISTICS-would-you-STILL-SELL-Their-May-be-a-SMALL-WINDOW-of-OPPORTUNITY/390519/ 2011-03-12T18:45:00Z With prices falling is this a time to sell and then, buy a better home at a reduced price? http://www.zillow.com/advice-thread/With-prices-falling-is-this-a-time-to-sell-and-then-buy-a-better-home-at-a-reduced-price/384938/ 15 replies Mon, 07 Feb 2011 23:40:00 GMT http://www.zillow.com/advice-thread/With-prices-falling-is-this-a-time-to-sell-and-then-buy-a-better-home-at-a-reduced-price/384938/ 2011-02-07T23:40:00Z My home is not for sale--please correct your information http://www.zillow.com/advice-thread/My-home-is-not-for-sale-please-correct-your-information/385126/ Received a notice from Zillow that my home is listed for sale. This is news to me! I have not, nor do I intend to, list it. Please remove 683 Discovery CT, Davidsonville, MD 21035, from your information showing comparable homes for sale in Harbor Hills.<br \><br \>1 reply Wed, 09 Feb 2011 07:21:00 GMT http://www.zillow.com/advice-thread/My-home-is-not-for-sale-please-correct-your-information/385126/ 2011-02-09T07:21:00Z Sell this spring, next spring, or try to rent? http://www.zillow.com/advice-thread/Sell-this-spring-next-spring-or-try-to-rent/377833/ We bought our Southern MD home at the height of the market for $320k.&nbsp; Thankfully, we were able to put $100k down due to selling a townhome.&nbsp; However, that equity is all but gone in today's market.&nbsp; When looking at comparable homes online that sold recently in the area, our home's worth is $210 - $240k.&nbsp; That leaves us with roughly $10 - $30k in equity to put down on another home.<br/><br/>We recently got better paying jobs and are expecting our second child in June.&nbsp; We would like to move to a larger home in a slightly better area.&nbsp;&nbsp;We know that it is a buyer's market right now and would like to take advantage of the lower prices, if possible.&nbsp; We also have around $10 - $20k in liquid savings that could be added to a down payment.&nbsp; The homes in areas&nbsp;that we would like to purchase are currently listed in the $290 - $350k range.<br/><br/>So, given our circumstances, should we put our home on the market this spring, wait one year, or attempt to rent it out an get a second mortgage?&nbsp; We don't know what options are even open to us, so please help us narrow our plans...<br \><br \>11 replies Wed, 15 Dec 2010 16:41:00 GMT http://www.zillow.com/advice-thread/Sell-this-spring-next-spring-or-try-to-rent/377833/ 2010-12-15T16:41:00Z Walking away from a property http://www.zillow.com/advice-thread/Walking-away-from-a-property/358867/ Our home value has decreased from 260,000 to 150,000. We have owned for 7 years and have barely begun to pay off the mortgage. It is a small 2 bedroom condo and we just had our first child. Is it worth waiting and hoping the property value goes up or is it best to get out now? Walk away from the mortgage and wait for our credit to clear up before buying again?&nbsp;<br \><br \>7 replies Wed, 21 Jul 2010 20:50:00 GMT http://www.zillow.com/advice-thread/Walking-away-from-a-property/358867/ 2010-07-21T20:50:00Z I have a rental house that is worth 400000 with 145 remaining on mortgage. Should I keep house with http://www.zillow.com/advice-thread/I-have-a-rental-house-that-is-worth-400000-with-145-remaining-on-mortgage-Should-I-keep-house-with/275940/ Should I keep the house and pay off and keep house forever (only 7 years left on mortgage)&nbsp; or try to sell.&nbsp; Once paid off, rental income would be around 30k per year and I would be 50 years old.&nbsp; Which is the&nbsp;better financial move?<br \><br \>4 replies Sun, 06 Sep 2009 00:13:00 GMT http://www.zillow.com/advice-thread/I-have-a-rental-house-that-is-worth-400000-with-145-remaining-on-mortgage-Should-I-keep-house-with/275940/ 2009-09-06T00:13:00Z To sell or not to sell http://www.zillow.com/advice-thread/To-sell-or-not-to-sell/314528/ We bought our home in 05 and refi in 08.&nbsp; Our payments continue to go up every year because of escrow shortage.&nbsp; We've tried selling 3 times with no succes and really need to get rid of this house.&nbsp; We don't qualify for the <a href="http://www.zillow.com/mortgage/">mortgage</a> help our <a href="http://www.zillow.com/directory/lenders/">lender</a> offers and when we try to sell we can't list the house for what houses are selling for in the area cus we'll b upside down.&nbsp; Can anyone suggest anything that would help us out?&nbsp; Thank you in advance<br/><br/>Jennifer L.<br \><br \>8 replies Wed, 13 Jan 2010 19:28:00 GMT http://www.zillow.com/advice-thread/To-sell-or-not-to-sell/314528/ 2010-01-13T19:28:00Z How much is my house worth?12605 Nichols Promise Drive Bowie, Maryland 20720 http://www.zillow.com/advice-thread/How-much-is-my-house-worth-12605-Nichols-Promise-Drive-Bowie-Maryland-20720/302123/ 3 replies Sat, 28 Nov 2009 11:37:00 GMT http://www.zillow.com/advice-thread/How-much-is-my-house-worth-12605-Nichols-Promise-Drive-Bowie-Maryland-20720/302123/ 2009-11-28T11:37:00Z Selling Rental Properties, with tenant in home http://www.zillow.com/advice-thread/Selling-Rental-Properties-with-tenant-in-home/239670/ Hello,<br/>I have a rental property, with a tenant in the home. Current monthly income is $1442. Good tenant, pays rent on time.<br/><br/>The house has been recently updated. Has 3 br, 2 ba, carpet upstairs and in the full finished basement, and hard wood on the entry level.<br/>The house is in a quiet neighborhood near a golf course, a lake, and three parks. Also, the house is conveniently located near highways, mass transit and downtown baltimore.<br/><br/>I just wanted to know if it is a good idea to sell it now, with the tenant in the house?<br/>What should I expect? Is this typically an easier or harder sale? I have seen other listingd from homes with tenants in the house.&nbsp; This would be easy income for an investor.<br/>Please help me.&nbsp; Please advise.<br/><br/>THANKS<br/><br/>CW<br/><a href="mailto:3315Rent@gmail.com" rel="nofollow">3315Rent@gmail.com</a><br \><br \>4 replies Wed, 27 May 2009 21:08:00 GMT http://www.zillow.com/advice-thread/Selling-Rental-Properties-with-tenant-in-home/239670/ 2009-05-27T21:08:00Z When will the housing market level-out or get better in my neighborhood? Zip code: 21044 http://www.zillow.com/advice-thread/When-will-the-housing-market-level-out-or-get-better-in-my-neighborhood-Zip-code-21044/242223/ My wife and I bought our 1-bedroom, 1-bathroom condo in the summer of '05 for $165,000.&nbsp; We thought we would hold on to it for 2 years and flip it for a few bucks.&nbsp; Obviously the market crashed and now the Z-estimate of our home is only $154,500.&nbsp; We now owe $156,000 towards our principle on the home.&nbsp; Our issue is we have an 8 month old son living with us, in his crib, (in our bedroom) because there is no other space in the condo to put him.&nbsp; We despretely need to sell our place asap and rent a 2-bedroom condo somewhere so our son can have his own room, and mommy and daddy can have their privacy back.&nbsp; Any thoughts/suggestions/help on when the market will level-out or when we should sell our condo?&nbsp; We are not looking to make $$.&nbsp; At this point, we just want to get out of this place asap.&nbsp; We also have a $5000 DSELP <a href="http://www.zillow.com/mortgage/">loan</a> that was given to us by our county, being a 1st time home-buyer back in '05.&nbsp; This paid our closing cost, but we have to pay it back once well refi or sell the home.&nbsp; Any advice or help would be deeply...appreciated.&nbsp; <strong>We feel hopeless!</strong><br/><br/>Sincerely,<br/><br/>Smartmediaman@gmail.com<br \><br \>5 replies Wed, 03 Jun 2009 15:57:00 GMT http://www.zillow.com/advice-thread/When-will-the-housing-market-level-out-or-get-better-in-my-neighborhood-Zip-code-21044/242223/ 2009-06-03T15:57:00Z