Profile picture for Donna Paton

Donna Paton

Agent

Principal Broker, Virginia Real Estate Salesperson, Virginia Real Estate Broker, Maryland Real Estate Broker, Real Estate Principal Broker District of Columbia (28 years experience)

6 Recent Sales (last 12 months)

Specialties:
Buyer's Agent,
Listing Agent,
Relocation,
Short-Sale

Advice

  • (14 Contributions,
  • 0 Best Answers,
  • 1 Helpful)

Contributions are sorted newest to oldest.

I plan on starting the "Buying our 1st Home Process" in February, is it too early to get a realtor?

Answer

You cannot "bug" a REALTOR®. "Bug" me please! We are here to serve you and love it when a first time buyer decides to make a move.If you plan to buy in February, now is a good time to get started with a REALTOR®. We can guide you to great lenders, help you narrow down your search parameters and get help you get familiar with contract forms and the ins and outs of the buying process.  Also, you have time to identify a specific area where the agent can find sellers who are thinking of selling but have not listed their homes on the market yet.  Who knows?  You may have the opportunity to really strike a great deal. Best wishes for a successful transaction and many happy years to come in your first home. /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-style-parent:""; line-height:115%; font-size:11.0pt; font-family:"Calibri","sans-serif";}

  (0)
utility providers for 22315

Answer

Thank you Natasha! We were just asking about that a minute ago and look who has the answer. 

  (0)
I'm at 901 Wynfield Ter. Why do my neighbors at 904 and 912 Wynfield Ter have a higher zestimate?

Answer

I see similar questions about Zillow's Zestimate all the time.  Remember that the Zestimate is computer generated which is not reviewed by a person. There is no brain behind it. It is merely a general information tool which is why it is not referred to as an estimate.  An estimate would be general but much more accurate than the Zestimate.  Agents use a Comparable Market Analysis to recommend reasonable list prices or purchase prices. This involves an agent visit to the house to see the intricate differences between your property and the next. The next best thing is an appraisal but that costs money and is unnecessary at this point. I hope this helps!

  (0)
Is it worth using a realtor when buying foreclosures or short sales?

Answer

First of all, let me say "Congratulations"!.  It's good to see someone going after short sales and foreclosures because there is such great opportunity for buyers in this arena.  Your thoughts about saving money by not having a buyer representative are, in my opinion, a common misconception about real estate.  It is quite the opposite. In order to get the best deals and have the most success with bank owned properties and short sales is to have an experienced agent representing your best interests and negotiating on your behalf.I don't think agents "discriminate" against these properties.  Most agents work within their area of expertise and might not be comfortable if inexperienced in this arena.  There are many agents who specialize in fc and ss.  Get a good one on your side and you will be glad you did.

  (0)
Anyone know a lender to re-fi rental property? Our lender went bankrupt.

Answer

The problem is two-fold. When a bank goes belly up the FDIC steps in and takes control of the change over to the new institution who contacts you with the required timeframe to inform you about where to send payments, etc. This may cause delays in trying to refi. The bigger issue is that you owe more than the property is currently worth.  It will be next to impossible to refi under normal circumstances.  Contact the bank and talk to them. Explore options with them.  Maybe it's time for that loan to be reworked.

  (0)