Showing posts with label first time home buyer. Show all posts
Showing posts with label first time home buyer. Show all posts

Thursday, March 8, 2018

I just sold 3132 Hillside Ave in Cheverly, MD. with instant equity for my clients! The awesome story is how with a language barrier we effectively communicated through the entire process.


Sold and settled!
Successful bank/foreclosure sale for my first time home buyers in sought after Cheverly, MD on a small street, 3132 Hillside Ave.

It is a split level home with 3 bedrooms upstairs with  a good size kitchen and a nice deck off of the dining room.

The lower level features a family/t.v. room and side entrance to the yard, as well as the 4th bedroom and full bath.  A few steps down, the open basement features the laundry room and a good size play area.

And, the buyers already have instant equity in the home as it appraised above sales price!

Call:  (301)943-4370
Email:  adambashein@gmail.com
www.basheinhomes,info

I am very thankful that the buyers were referred to me be a past client.  Other than buying or selling another home with me, the best compliment is referring me to your family, friends and relatives who are thinking of moving.

In addition the lender and the home owner's insurance person were excellent and I would never hesitate to refer them.

In any sort of working relationship, communication is a big key.  The buyers and I had very effective communication, which is particularly important for me to stress as there was a language barrier. We connected, understood each other and I was able to work hard to ensure they secured the purchase of this new home.

We had a full service settlement with a language interpreter...if you have friends and family where there may be a language barrier, we can work to have someone at settlement.   The inspector offered for a fee to have a language interpreter at the inspector, but the buyers passed on it.

As a realtor, I found this client's home buying process to be particularly rewarding and am so happy to have secured for them their new home at 3132 Hillside Ave in Cheverly, MD.



Add caption
An interesting note:  sometimes the land records and tax records show a home being located in different cities.  In this case, the home was listed as being in Cheverly, while the land records showed it being in Landover.  Neither is wrong.  If you ever notice this with a home you are in the process of buying, selling or already own, you should not be alarmed, and, at the same time, feel comfortable asking the settlement attorney about this to make sure it isn't an error.
I am here for them and will do whatever I can for customers to literally understand what is going on during their purchase or sale. In fact, the home inspector offered to include in fee an interpreter as well.  This is a real important service and value when people are signing papers for a massive purchase like a house.
I consider it my job to make sure my sellers and buyers understand the entire  home selling/buying process and work to meet whatever needs their may be, whether it is what times work and don't work for showing/seeing homes, what kind of loan(s) and home owner's insurance policy will work best for them, work through commuting issues to the best possible solution and working to have a language interpreter when necessary.
Who do you know that is looking to make a smooth move and needs a hard working, efficient realtor who will do whatever he can to make the selling/buying experience easiest and most pleasant for clients?  Even if they aren't looking to move now but have real estate questions or want to talk about the real estate market, I would be delighted to either reach out to them or them reach out to me...whatever is easier for them.
Call/Text/Whatsapp:  (301)943-4370, Email:  adambashein@gmail.com.
 I am thankful for and always have time for your referrals.
Life is good!
Adam
adambashein@gmail.com
www.basheinhomes.info
Cell/Direct:  (301)943-4370
Office:  (301)921-4500 - ask for Adam
Licensed in MD & DC
RE/MAX Realty Group
information deemed to be accurate but not guaranteed




\


#effectivecommunication
#solutionstolanguagebarriers




Friday, January 19, 2018

The possibility of First-Time Home Buyers receiving up to $5500 in assistance by using a certain loan product


Check out out the loan program  if you or someone you know who is a potential First-Time Home Buyer is interested in the possibility of receiving up to $5500 assistance with this loan product.

*The program works for first time home buyers in MD, DC, VA, NC, SC, Al,, and GA, so the program may work for your family, friends and colleagues who live in several areas!*

This piece is courtesy of one of my colleagues in the lending industry.  Contact him for more information and to see if the loan product is for you.

in VA, MD, DC, NC, SC, AL, FL, and GA

Cell:  (301)943-4370
Email:  adambashein@gmail.com
www.basheinhomes.info

And, if you,  family members, friends and/or colleagues are starting to think about buying a home, contact me for a free and confidential, no hassle home buying consultation.  Even if they aren't thinking about buying yet but are curious about the market, have them contact me at (301)943-4370 or adambashein@gmail.com to set up an appointment.  I am always appreciate and have time for your referrals.

Life is good!
Adam
adambashein@gmail.com
www.basheinhomes.info
Cell/Direct:  (301)943-4370
Office:  (301)921-4500 -ask for Adam
Licensed in MD & DC
RE/MAX Realty Group
information deemed to be accurate but not guaranteed





Thursday, July 27, 2017

Maryland tackles Student Debt

 
 
 
Call:  (301)943-4370
 
 
 
The state of Maryland is making an effort to help potential homebuyers who have student loan debt. They’ve launched two specific programs within its Maryland Mortgage Program (MMP).
You’ve Earned It Program –This Maryland program gives a little bit more help to those first-time buyers who qualify for a MMP loan and also have a minimum of $25,000 in student loan debt (whether it’s in repayment or deferred status).
  • Recipients will get $5,000 as part of down payment assistance (DPA) deferred loan with 0% interest;
  • Recipients will receive 0.25% below the regular conventional and government interest rate for MMP 1st
The home must be located in a Sustainable Community (a wide range of localities marked in orange on this map.
Other conditions include: You must complete homebuyer education. You must use an approved lender. Condo buyers will need to purchase in a FHA or Fannie Mae-approved building.
Also available with the You’ve Earned It program — The Partner Match Program and the Maryland Homecredit Program.
Check out mmp.maryland.gov/EarnedIt for more information.
SmartBuy Program — This Maryland program is different since it’s focused on a specific and limited number of eligible properties that have been selected by the Department Real Estate Owned (REO).
There’s not as much flexibility in the selection of a home, but this could be an option for some buyers. So take a look at its current list of homes available for sale.
This program will pay off any outstanding balance on a borrower’s student loan at the time of the home purchase with certain restrictions. You must have a minimum of $1,000 student loan debt and up to a maximum of 15% of the home’s purchase price.
First mortgage will finance up to 95% of the sales price. A second mortgage will be a forgivable loan to pay off the student loan balance. A third mortgage can be in the form of a down payment assistance 0% deferred loan.
You must live in the house for at least 5 years to have your student loan debt forgiven.
For more information, check out mmp.Maryland.gov/SmartBuy

Tapping into Federal Loan Programs

There are several government programs that offer loans that are better for borrowers with student loans and on a tighter budget.
Each has different requirements and may not be a good option for you. However, one may make your homeownership dreams comes true.
  • Fannie Mae HomeReady Mortgage — allows up to a 50% DTI and 3% down payment.
  • VA Loan Guaranty – Buyers who have served in the military can qualify for a loan with 41% DTI. That can be overridden if some of your income tax free.
  • FHA Loan – Usually allows a 43% DTI but will sometime allow a higher DTI on case-by-case basis.

I hope this is helpful.

Anytime you or someone you know is thinking about buying or selling a home or has a real estate question, I would love to speak with them. Please either share their contact with me or share my contact with them...whatever they prefer. I always appreciate and have time for your referrals.
Life is good!
Adam
Cell/Direct:  (301)943-4370
Office:  (301)921-4500 - ask for Adam
RE/MAX Realty Group
Licensed in MD & DC
information deemed to be accurate but not guaranteed