Showing posts with label montgomery county real estate. Show all posts
Showing posts with label montgomery county real estate. Show all posts

Wednesday, March 28, 2018

Testimonial and Gesture from home seller








Sunday, March 4, 2018

Strategic marketing of my listing at 11106 Bybee Street and complete seller confidence resulted in the home going under contract with 10 plus bids over sales price!









My listing at 11106 Bybee Street in Silver Spring, MD

received 10 plus offers, including 2 with no contingencies!

Under contract in 8 days over list price with no contingencies!

If you are thinking of moving, list with me for sold results!
I have a fresh list of buyers who may love your home!



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

Unfortunately the owner of the home passed away in the fall.  His son regularly came to the area to, of course visit his father and to check on the house.  As the son checked on the house and leafed through the mail he saw my marketing pieces and invited me to meet him toward the end of January.  We talked about the house, the local market, what I suggested should be done to the home and whether we would be a good fit for each other.

Two days later he gave me the key to the house as well as to the car in the driveway---in case it needed to be moved for any reason and I managed the agreed upon home repairs over the next weeks.  It was tricky because we were having 1 contractor take care of interior and exterior work while there was uneven weather, and understandably the contractor wanted to make the most efficient use of his time and come to the house when work could be done simultaneously inside and outside of the home.  At the same time, the contractor knew I wanted the house to go on the market right after President's Day Weekend and I needed to give the photographer enough lead time to take pictures without falling behind schedule.  Thank goodness the contractor did a great job and we were ready to go to market by our target date.

A few days before going to market, the owner's son and I talked.  I told him the work was done, the home looked ready to go, I was ready to put it on the market and gave him a final suggestion on what price we should list the home at.  

The home went on the market the Thursday morning after President's Day Weekend and I we had 8 showing requests that first day!

We had amazing traffic on the home the entire weekend including...

AT LEAST 20 GROUPS WHO SIGNED IN AT THE SUNDAY OPEN HOUSE!!!

Three agents contacted me and asked if their buyers could have home inspections prior to writing offers to eliminate any inspection contingencies in their offers.

I went to bed that Wednesday night with 9 offers in hand and a very detailed spread sheet of the offers for my seller to review.  Overnight the terms of some offers changed, a few more offers were submitted and there were more more showing requests.

The seller's son and I met late Thursday morning and he had a very difficult decision.  We had a few really good offers over asking price and 2 offers had no contingencies at all ---no inspection, financing or appraisal contingencies!  Just a clear path to closing.  

He thought over the offers and by Thursday night we were under contract and I had a few happy seller.

I am so grateful that my marketing efforts worked as they resulted in an introduction that I might have never received.  I never met or was referred to the late owner or his son.  Upon meeting we immediately connected.  He had complete confidence, trust and faith with everything I planned to do to give him sold results.  He was there whenever a question needed to be asked, whenever I followed up and he never tried to "manage me".  

In addition to marketing, I attribute so much of the success to date on the listing on the owner's son being enthusiastic, trusting, confident in me and giving me the liberties to do what I thought was best and, again, I will say without him every trying to be on top of me or managing me.   We are under contract and hopefully will go to a smooth contract.  

Whether you, a family member, friend or colleague at work is thinking about moving, has a real estate question or wants to talk about the market, please pass my contact information to them.  The best way to reach me is by cell/text/whatsapp:  (301)943-4370 or adambashein@gmail.com.  I would love to meet them, appreciate 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




Monday, January 15, 2018

Some consequences and implications of waiving an appraisal contingency on your offer to purchase a home.


In a hot market and/or in situations where home sellers have multiple offers on a home that are very similar in terms, to make offers more attractive to sellers, either they ask or buyers offer to shorten if not outright eliminate some contingencies that are often in sales contracts.  In several recent multiple bid situations, the sellers via their realtors countered my buyers' offers, proposing among other things that my buyers remove the appraisal contingency.  I explained to them what the implications of waiving the appraisal contingency is and thought it would be beneficial to share this with you.

As part of the loan process on either a new purchase or a refinance, the appraisal report is a professional appraiser's opinion on the value of a home, which is forwarded to the lender, who bases the loan on the appraised value of the home.  The lender is looking to see if the appraised value is equal to or above the sales price.  When the appraisal comes in at a lower value than the sales price of a home, the lender adjusts the loan amount to match the appraised value.  

When a sales contract has an appraisal contingency and the appraisal comes in lower than the price in the sales contract, the buyer has the right to try and negotiate with the seller to see if the seller will lower the sales price to the appraised value or to an otherwise agreed upon sales price.   

When a home seller asks the home buyer to not have an appraisal contingency, it means that independent of what the home appraises at, the sales price will stay the same.  If the appraisal comes in at less than the agreed upon sales price, then the buyer must come up with extra cash at settlement to bridge the gap between the appraised value and sales price.  Without an appraisal contingency, a low appraisal cannot be negotiated.  A buyer with a low down payment and/or not extra financial resources may want and/or need the appraisal to come in at the sales price.  

On the other hand , a home buyer may offer such a large down payment that he or she may not need the home to appraise, as the loan is not for the full sales price.  So he or she may not care what the home appraises for and is confident that the appraisal will come in high enough to cover their loan amount.  That being said, some buyers feel better with an appraisal contingency, that they aren't paying above a professional appraiser's opinion on the value of the home.

When refinancing a home one owns, a home owner needs his/her current home to appraise at or above the price the owner purchased the home for.

Financially speaking a lender may approve a buyer for a loan that is at or higher than the sales price of a home, but when the appraised value comes in at lower than the sales price, the loan will be based on the appraised value, independent of the buyer's financial ability.



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


There are 3 situations where I might tell a buyer to perhaps consider waive the appraisal contingency:

1.  If the buyer is purchasing the home with cash.

2.  If the buyer intends to get a loan on the house, but has the financial ability to complete the purchase with cash and do a post settlement loan/refinance.

3.  If the buyer loves and need the home and/or its location, is planning on living in the home for such a long time that today's appraised value has little impact on the purchase, as the buyer has enough financial resources to complete the purchase just in case the appraisal comes in at a lower value than the contract price. 

Whenever a family member, friend or colleague tells you that he or she is thinking of moving, wants to talk about the real estate market or has a real estate question, please tell them that I would love to hear from them.  Either I can initiate the contact with them or they call/text/whatsapp me: (301)943-4370 or email me:  adambashein@gmail.com  - whatever is most comfortable for them..  I always have time for and appreciate your referrals, and am with my clients every step of the home buying/selling process.

Life is good!

Adam
adambashein@gmail.com
www.basheinhomes.info
Direct/Cell:  (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



Wednesday, December 13, 2017

Some of my recent transactions in Maryland and Washington, DC! Thank you!




I wanted to take a moment and thank everyone who has had the confidence to buy and/or sell their home with me and referred me to friends who were looking to move.  You are the foundation for my success, I am licensed in MD & DC  and I thank you from the bottom of my heart.


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

It's too late, I secured the home sale/purchase for my client :-).



Any time a friend, family member, colleague or even you are considering moving, please contact me for a free and confidential, no hassle consultation to discuss your situation, the market and if buying/selling is the right move for them.  If you hear someone say that they have a real estate question, are curious about the market but not ready to buy or sell, I would still love to meet them for coffee and answer any questions they have.  Remember, I always have time for and appreciate your referrals.  Call/Text/Whatsapp:  (301)943-4370 or email:  adambashein@gmail.com

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





Sold in Kemp Mill, a subdivision in Silver Spring, MD - 11615 Fulham Street!






My buyers just purchased this new bedford colonial model home at 11615 Fulham Street in Kemp Mill, a subdivision in Silver Spring, MD.  The home is centrally located on an awesome elevated lot and fenced yard.  There are 4 bedrooms upstairs while the main level features a dining room, living room and family room----with a fireplace!

On the lower levels there is a den and office which can easily be used, converted into bedrooms.
The home has plenty of entertaining space and playing space.

This was really a lovely transaction on all fronts...once my clients got under contract.  There were multiple offers on the house. After they won, the sales process was very smooth.  The sellers used a limited services broker, so, in addition to working with my buyers, I had more interaction than usual with the sellers.  The inspector said the home was well kept, didn't see any property issues.  As the sellers were getting ready to move out, they invited the buyers over to see if they wanted particular items for free before getting rid of them and I must have had several cups of coffee with the sellers, who are very sweet people and lived in the home for over 50 years.  The home appraised and the lender did a great job, having the loan ready to close in advance.  

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





The phrase I use and is illustrated below is bagels and lot = a sold house.


Congrats to my buyers!  They should create as many wonderful memories at 11615 Fulham Street as the sellers made in their over half a century in the home.  Best wishes to the sellers.





 If you or someone you know is looking to move, I would love to sit down and discuss the process with them, whether it is buying, selling or both.   Even if he or she isn't currently looking to move but wants to talk about the market, please share my information and connect us.  I always appreciate and have time for your referrals.  Call/text/whatsapp:  (301)943-4370; adambashein@gmail.com

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


Sold in Kemp Mill, a suburb in Silver Spring MD -- 703 Kersey Road! A Successful Short Sale!


I just sold this 5 bedroom, 3.5 bath home at 703 Kersey Road in Kemp Mill, a subdivision in
Silver Spring, MD.  It is a centrally located, newer built for the community -- according to MLS, in 1987.  The home features a great master bedroom with a huge master bath, a main level bedroom with a dual entry full bath, 3 main level entertaining areas, main level laundry and a large lower level that has a private office.


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


As the title of this post says, the home was a short sale, which in layman's terms means that a seller is asking the lender(s) he or she has a mortgage with to forgive the balance between what the sales price is and the amount that the seller owes on the mortgage(s).  This process can take a while.  The short sale was approved a couple of months after we were under contract and that isn't bad. I have had properties under contract for months waiting for a short sale to be approved.  

In addition to needing patience, among the things to think about if you are going to put an offer on a home that is a short sale are (1) the home is almost always sold as is---meaning a buyer can do a home inspection for informational purposes but shouldn't count on being able to negotiate inspection items with the seller; (2)have a good home inspector and contractors to come to the house before the contingency period is over to evaluate the concerns if any that the inspector raised: and (3) a lender who is good and experienced with short sales and can close a loan quickly after the short sale is approved, working through some unusual aspects in the transaction.

So delighted that we successfully settled on 703 Kersey Road, a location that my buyers have been eyeing for a long time, hoping that the right home would come up.  

The phrase I use and is illustrated below is bagels and lot = a sold house.

Congrats to my buyers!



 If you or someone you know is looking to move, I would love to sit down and discuss the process with them, whether it is a traditional sale or a short sale.  Even if he or she isn't currently looking to move but wants to talk about the market, please share my information and connect us.  I always appreciate and have time for your referrals.  Call/text/whatsapp:  (301)943-4370; adambashein@gmail.com

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






Tuesday, December 5, 2017

Surprise from a client who I recently had a settlement with



It's too early to drink for some 😁 but L'chaim!
Went outside to get the morning paper and a special surprise from 1 of my clients.
Balvenie + an old school written note of appreciation.
As she used to say on Saturday Night Live's Coffee Talk, I'm a little ferklempt. Talk amongst yourselves...
I love working with nice people.
#realestatechatwithadam
#daysIwakeuplovingwhatIdo
#whatsbrewinginthehoudingmarket
#realtoradambasheinhereforyou
#lchaimandthankyou
 — feeling awesome withReal Estate Chat with Adam at Lamberton Drive Silver Spring, Md.

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

Who do you know that is looking to make a move?  I always have time for and appreciate your referrals.

Life is good!

With appreciation,

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


Wednesday, November 29, 2017

Thanks to your referrals, I have been on a roll.


I've been on a nice roll.

Thank you so much to everyone who contacts me in relation to their personal real estate needs and refers me to people they know who are looking to move.  As a reminder, I am licensed in MD & DC.  

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





Who do you know that is looking to make a move? I pledge to take care of them.
Even if you know people who aren't looking to move but have real estate questions or want to talk about from the market, I would love to hear from them.

Call/Text/whatsapp:  (301)943-4370; adambashein@gmail.com

#realtoradambasheinisonaroll
#realtoradambasheinisgratefultoyou
#whatsbrewinginthehousingmarketaskadambashein


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


Monday, November 27, 2017

Testimonial from client

"Adam was an amazing help in our search to buy a condo. He was very thorough in all the details and was very responsive when we had questions or concerns. He was very flexible in terms of schedule to see different apartments and went above and beyond at all steps of the process. A couple of issues came up after settlement was complete, and he was there for us to help out even then. We highly recommend him."
-C.F.  11/27/17

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

This customer's goal was to find a home either in Downtown Silver Spring or across the line in Upper Washington, DC. and fortunately I am licensed in MD & DC.  I created a custom search to cover the areas they were targeting.  We ended up located an amazing condominium unit called The Orion in Downtown Silver Spring, which fulfilled many of their wants and needs. Through research and interacting with the property manager, I was able to answer my buyer's important questions to make sure that the individual condominium unit and the condominium building as a whole were good fits for them.  I wish them many years of happiness and creating new memories in their new home.

Who do you know that is thinking of making a move?  I promise to take wonderful care of them through their buying process, selling process or both -- if they are moving within the area.  Even if they aren't thinking about moving right now, but have a real estate question or want to talk about the real estate market, I would love to hear from them.  Call:  (301)943-4370 or Email:  adambashein@gmail.com.   I am always grateful 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