Vanda Greenwood, DC METRO REAL ESTATE

8621 Terrace Garden Way , Bethesda, Md 20814 OPEN SUNDAY May 1st

2011-04-30T20:37:00.002-04:00

8621 Terrace Garden Way

BETHESDA, MD

OPEN May 1st SUNDAY from 1 to 4 PM SPLENDIDLY RENOVATED Town Home, Exceptional Location, METRO Across the Street, Bethesda Downtown

4BR/3+2BA Townhouse

$1,049,000

Year Built	2001
Sq Footage	3,270
Bedrooms	4
Bathrooms	3 full, 2 partial
Floors	4
Parking	2 Car garage
Lot Size	1,728 sqft
HOA/Maint	$165 per month

Description

SPLENDID with a Incredible Location. Updated Upgrades! NEW:Master Marble Bath w/Kohler Jetted Tub/Sep Shower. Hardwoods on 3 levels.NEW:Patio, Deck/ Master Closet, KRAFT MAID Kitchen,Stainless plus Metro,NIH.Vibrant Bethesda Downtown.2 CAR GARAGE-Storage,Long View of Green/XTRA parking/Owner/Agent HOME WARRANTY For those who expect a bit more!Open May 1st, SUNDAY 1-4PM

Property Features

Central A/C	Central heat	Fireplace
High/Vaulted ceiling	Walk-in closet	Hardwood floor
Tile floor	Family room	Living room
Dining room	Dishwasher	Refrigerator
Stove/Oven	Microwave	Granite countertop
Stainless steel appliances	Basement	Washer
Dryer	Laundry area - inside	Balcony, Deck, or Patio
Jacuzzi/Whirlpool

Community Features

Garage parking

Guest parking

Other Special Features

Metro Across the Street and in Downtown Bethesda

New Marble Bath with Koehler Jetted Tub

KraftMaid Kitchen with Stainless Appliances and Granite

New Deck and Patio with Graden Area

Hardwoods on 3 Levels

Updated 2 one half baths

Updated the second full bath

Skylights Let the Sunshine in all Day

New Master Closet and custom closets throughout

Updates through out.

Additional Photos

Photo 1	Photo 2
Photo 4	Photo 5
Nice Views	Photo 4
Stone Patio and Planters	Photo 6
Photo 2	Photo 2
Separate Shower	Loft

Contact Info

Vanda Greenwood

Long & Foster Real Estate, Inc

Md and DC

(202) 321-8320

For sale by agent/broker

Equal Opportunity Housing

8505 Milford Ave, Silver Spring, Maryland OPEN SUNDAY, May 1, 1 to 4 PM

2011-04-30T20:30:00.000-04:00

8505 Milford Ave

SILVER SPRING, MD

Open Sunday May 1st from 1 to 4 PM 3,000 sq ft Custom Home, BCC Cluster, New Upper Level w/ a 5 Star renovation everywhere! Fresh Landscaping ,

4BR/4BA Single Family House

$748,500

Year Built	2010
Sq Footage	3,000
Bedrooms	4
Bathrooms	4 full, 0 partial
Floors	Unspecified
Parking	1 Car garage
Lot Size	5,969 sqft
HOA/Maint	$0 per month

Description

What a Great Home! Lovely Custom renovation with totally new Upper level allows for 3,000 + sq feet of easy living. Stainless, Granite, Master Bath with a Separate Shower. BIG Bedrooms for everyone! Beautiful new hardwoods and all new systems for plumbing, deisgner electrical , and 2 zones for heating and air, Upper Level laundry too and a garage w/ room for a workspace. Wonderful Finished basemnt w/ full bath and natural light. Upscale Fencing and Trex Decks.

Property Features

Central A/C	Central heat	Walk-in closet
Hardwood floor	Family room	Living room
Dining room	Dishwasher	Refrigerator
Stove/Oven	Microwave	Granite countertop
Stainless steel appliances	Attic	Basement
Laundry area - inside	Yard	Jacuzzi/Whirlpool

Community Features

Garage parking

Clubhouse

Swimming pool(s)

Other Special Features

BCC School Cluster, Close In, Open Floor Plan, Metros and Almost ALL NEW

3,000 + sq feet

Energy Star Insulation, Roof, Appliances, Systems & Windows

Totally New Upper Level

Beautiful Kitchen with GE PROFILE Stainless Appliances

Master Bath with Whirpool Tub and Separate Shower + Double Vanity

Large Room throughout with Upper Level Laundry

Daylight on Two sides of the Basement

Garage with Room for a Work Room

Fresh Landscaping with Maples, Azaleas, and more

Additional Photos

Photo 1	Photo 2
Photo 3	Photo 4
Photo 5	Photo 6

Contact Info

Vanda Greenwood

Long and Foster

Md and DC

(202) 321-8320

For sale by agent/broker

Equal Opportunity Housing

8621 Terrace Garden Way, Bethesda, MD | Powered by Postlets

2011-04-20T13:19:00.000-04:00

8621 Terrace Garden Way, Bethesda, MD | Powered by Postlets

NEW

For Sale: 4BR/3+2BA Townhouse in Bethesda, MD, $1,068,000

2011-04-15T19:34:00.000-04:00

For Sale: 4BR/3+2BA Townhouse in Bethesda, MD, $1,068,000

8621 Terrace Garden Way

BETHESDA, MD

OPEN April 17th Sunday from 1 to 4 PM Exceptional Town Home and Exceptional Location , Updated and Upgraded, Metro in Bethesda Woodmont Triangle

4BR/3+2BA Townhouse

$1,068,000

Year Built	2001
Sq Footage	3,270
Bedrooms	4
Bathrooms	3 full, 2 partial
Floors	4
Parking	2 Car garage
Lot Size	1,728 sqft
HOA/Maint	$165 per month

Description

GREAT SURPRISE INSIDE AWAITS YOU. UNLIKE ANY OTHER GLENBROOK VILLAGE TOWN HOME YOU HAVE SEEN. ELEGANT, TRULY UPDATED AND UPGRADED. THIS IS THE ONE! Move in Ready Home! 4 Finished Levels w 4 Bedrooms and 3 full baths with 2, 1/2 Baths. Walk two blocks to restaurants and shopping conveniences in Bethesda Downtown and the Woodmont Trianagle.

Property Features

Central A/C	Central heat	Fireplace
High/Vaulted ceiling	Walk-in closet	Hardwood floor
Tile floor	Family room	Living room
Dining room	Dishwasher	Refrigerator
Stove/Oven	Microwave	Granite countertop
Stainless steel appliances	Basement	Washer
Dryer	Laundry area - inside	Balcony, Deck, or Patio
Jacuzzi/Whirlpool

Community Features

Garage parking

Guest parking

Other Special Features

Metro Across the Street and in Downtown Bethesda

New Marble Bath with Koehler Jetted Tub

KraftMaid Kitchen with Stainless Appliances and Granite

New Deck and Patio with Graden Area

Hardwoods on 3 Levels

Updated 2 one half baths

Updated the second full bath

Skylights Let the Sunshine in all Day

New Master Closet and custom closets throughout

Updates through out.

Additional Photos

Photo 1	Photo 1
Photo 4	Photo 5
Photo 2	Photo 6

Contact Info

Vanda Greenwood

Long & Foster Real Estate, Inc

(202) 321-8320

For sale by agent/broker

Equal Opportunity Housing

8505 Milford Ave, Silver Spring, Maryland OPEN SUNDAY, March 13, 1 to 4 PM

2011-03-09T12:11:00.000-05:00

New Mixed Use Development for Downtown Bethesda

2011-03-09T12:08:00.000-05:00

StonebridgeCarras buys Patrinely site in Bethesda

Washington Business Journal - by Tierney Plumb

Date: Tuesday, March 8, 2011, 2:36pm EST

Tierney Plumb
Reporter
Email: tplumb@bizjournals.com

StonebridgeCarras and Walton Street Capital LLC plan to build at least 300 rental units and 50,000 square feet of retail near downtown Bethesda.
The joint venture bought 1.6 acres, which were originally slated to house a luxury condo complex, for $29.2 million.
Houston-based Patrinely Group was expected to start work in mid-2007 on a nine-story, 173-unit complex on the site branded Trillium Bethesda, but the $200 million project got tangled in the housing downturn and fizzled. The parcel at 8400 Wisconsin Ave. formerly housed the Clarion Hotel, which was demolished in preparation for development.
Now, the new buyers are devising a revised plan for mixed-use development that is expected to be submitted to the Maryland National Capital Park and Planning Commission by early summer. Construction is expected to start in early 2013 with an expected delivery by early 2015.
The site sits just south of the National Institutes of Health campus, less than half a mile from the Medical Center Red Line Metro station and on the northern the northern gateway to the Bethesda central business district and Woodmont Triangle. The property is bounded by Wisconsin Avenue, Woodmont Road and Battery Lane.
“With the desirable dynamics of the Bethesda area, the expected growth of NIH, and BRAC’s impact on the Naval Medical Center, we are very excited to move forward with the planning and development of this property,” said Kevin Mulhall, a principal with Walton Street Capital.
Holliday Fenoglio Fowler LP represented the seller. The cost and name of the project have yet to be announced, according to StonebridgeCarras.
The project marks the third joint venture between Bethesda-based StonebridgeCarras and Chicago-based Walton Street Capital; the partners built the 2.5 million-square-foot Constitution Square development in D.C. and bought a 200,000-square-foot office building at 8000 Jones Branch Drive in McLean.

tplumb@bizjournals.com or 703.258.0830.

8505 Milford Ave. New Home Silver Spring

2011-01-21T13:16:00.001-05:00

Bethesda Chevy Chase School Cluster, Top Notch Location, Energy Star Appliances, Insulation and all Mechanical Systems go to http://www.newhomesilverspring.com/ or http://www.vandagreenwood.com/
For more information and photos.
OPEN SUNDAY, March 6, 2011 From 1 to 4 PM

NEW Home, BCC School Cluster, Metro, Bethesda, Silver Spring, Real Estate For Sale

2011-01-21T13:06:00.001-05:00

NEW Home, BCC School Cluster, Metro, Bethesda, Silver Spring, Real Estate For Sale

NEW

BRAC MONEY FOR BUYERS IN MONTGOMERY COUNTY, 4.5 Interest Rate

2010-07-28T09:28:00.000-04:00

Maryland Drops CDA Rate to 4.5%, Sets Aside $100 Million

For Loans to BRAC Buyers

PGCAR REALTORS® participated in a press event in Laurel on Thursday, sponsored by the Maryland Department of Housing and Community Development to announce that the Maryland Mortgage Program interest rate is being lowered to 4.5%.
PGCAR President-Elect Joanne Darling joined Lt. Governor Anthony Brown, Maryland DHCD Secretary Raymond Skinner, State Senator Jim Rosapepe, MAR President Steve Meszaros and representatives of the Maryland Bankers Association in making the announcement.

In addition to lowering the state Community Development Administration (CDA) mortgage interest rate, $100 million of federal assistance bond money is being set aside for 4.5% mortgage loans in Prince George's County and nine other Maryland counties that will be impacted by the federal Base Realignment and Closing act (BRAC). Our neighbors Anne Arundel, Howard and Montgomery are also included. It is estimated that this set aside can be used for approximately 625 mortgages.

For detailed information on the Maryland Mortgage Program, CDA and Downpayment Assistance go to www.mmprogram.com.

Masachusetts Ave NW and 4th St

2010-07-22T16:50:00.000-04:00

811 4th Street NW

2010-07-22T16:40:00.000-04:00

811 4th Street NW

NEW

3309 Sir Thomas Drive

2010-07-12T17:07:00.000-04:00

3309 Sir Thomas Drive

NEW LISTING OFF of BRIGGS CHANEY and 29

New Listing at the Vineyards in Silver Spring off of 29 and Briggs Chaney zip code 20904

2010-07-09T14:23:00.001-04:00

http://www.singlepropertysites.com/display/virtaultour.php?id=51926

OPEN SUNDAY 2:30 to 5:30 PM Tired of Driving from Potomac? Be in the Midst of Convenience with a Private and Quiet Home

2010-06-17T12:58:00.000-04:00

DREAMS DO COME TRUE!

Quit Driving and Start Living Close in!

Dreaming of a Designer Showcase Home that is a lot more than just Move In Ready? Tucked away from the hustle-bustle yet one can stroll to all conveniences, restaurants, shopping w/quick access to the DC Region via 495-270, 3/8 of a mile to Metro. One of a Kind -Exquisite home of a perfectionist offers Best of Show; whole house audio-video, media room, appliances, 12 foot granite kitchen island, paneled Elevator,master bedroom suite, private guest suite trim work, custom built-in cabinetry and Views. Blt 2006. 6500 plus sq ft w/a cozy feel and usable, stylish space w/ terrific flow for entertaining. Open 2:30-5:30 5013 Cedar Croft Lane, Bethesda, 20814

Vanda Greenwood 202-321-8320

Hours Open: ___2:30 to 5:30 PM____________

Short Sales and what to expect

2010-06-09T19:20:00.001-04:00

From Active Rain

Whether or not you have ever completed a short sale, you are painfully aware that it is a different kind of transaction. First question: “Have you thoroughly INTERVIEWED your “Expectant” short sale buyer” to be sure they suit the role of such a buyer? If not, better back up.
Living on the edge

The prime candidate for a short sale attempt is someone who, quite frankly, likes living on the edge. They gamble in their spare time and hold their breath the rest of the time. Seriously, they must be educated (by you, of course) about how the short sale game works and STILL be in for the long haul. The game requires extraordinary fortitude. In addition, they should:

Have no urgent need to move
Be willing/able to stay in current housing on a month-to-month basis
Have a few thousand more than they offered available at the last minute
Be really comfortable living with dead silence, for long periods of time
Be totally comfortable with missing out on the $8,000 tax break
Uncertainty hangs in the air

The entire process of trying to buy a home which is listed for short sale is one of uncertainty:

a. Will the seller qualify for a short sale when the lender completes a review of their hardship package

b. Does the listing REALTOR know how to handle a short sale which is substantially different from a regular transaction

c. Will your offer be the only one considered or might they receive (heaven help you if they accept) another offer? How will you know?

d. How long will this mess take

e. And 10 other questions we don’t even want to think about today

Nasty Uncertainties Abound. .

1. Suppose the seller files for bankruptcy, then what? The house is a frozen asset.

2. Suppose the guarantor refuses to approve the sale? They can and they do.

3. What happens if the lender moves ahead with the foreclosure?

It could happen, and does on a regular basis.

4. Maybe the seller won’t even qualify for the house to be sold as a short sale—where does that leave a buyer? No option on this one, the SELLER has to qualify in order for the short sale to be approved. It would be a shame if the listing agent did not understand the process well enough to pre-qualify her client for a short sale attempt.

5. If you don’t do an inspection until the short sale is approved (whenever that is), suppose you then find out after waiting several months that you can’t live with the results of the inspection? You can still walk (with earnest money, if you put some down) but what a long wait for nothing.

6. What if the seller gets tired of all the drama and decides to give the house back by deed-in-lieu? Happens all the time.

7. Or you sit there and wait for 6 months only to find out that the house for which you have a signed contract was sold at sheriff’s (Trustee or Master’s) sale yesterday? What do you do with your contract now? May I suggest a good attorney could be helpful?

Valuation is Hard to Pinpoint

It has become increasingly difficult to determine what the value of any home is in today’s market. When the market was comprised of traditional listings with relative short marketing timeframes it was easy to gather data which could pinpoint what a home was worth to a buyer.

However, during the past 24 months there has been such an influx of REO properties and short sales that the market has become somewhat skewed and it has become more challenging to get a handle on what a given piece of property will command. It is, nonetheless, critical that a good agent become more in tune with the dynamics which are CURRENTLY impacting values in a given neighborhood in order to make an appropriate recommendation to a buyer as to what is a reasonable amount to offer for the home they are considering.

I also recommend creating a disclosure which:

a. States that the lender may counter at the last minute and ask for an increase in the offer amount should be anticipated

b. That the buyer has made an independent decision regarding the offer amount and that the REALTOR has provided the information to facilitate that decision based on the resources available to them

c. That the brokerage/agent can assume no responsibility for the ACTUAL value of the real estate being purchased and will be held harmless if the value is subsequently determined to be less than the amount offered and accepted

Disclosures

Please watch for an entire article: “Short Sale Buyer’s Guide to Disclosures” to address the numerous disclosures which should be made to an expectant buyer.

Any Phone Calls for me?

If you are an “expectant” buyer you should expect to wait a long time—perhaps a very long time before you receive a call indicating the lender has decided to CONSIDER your offer. Now we can talk about little details, like how much more money they need, can you close in 7 days if they give the go ahead and will your REALTOR stand in your way if the total commission in only 4%? Literally, a counter may come after a protracted period of silence. The choice: take it or leave it. Now this dynamic is likely to change somewhat during the next 6-12 months but this has been the way the game has been played for the past 3-4 years. Aren’t we lucky the tide has turned? Expectant buyers can expect more respect in the future. Their POTENTIAL stock value has gone up considerably.

Desperate Times Call for Desperate Measures

If the listing agent doesn’t seem to understand this new real estate game, then hopefully your agent will step to the plate and offer to handle whatever needs to be handled; to the extent that they can. If this does not seem like a workable situation and the listing agent appears to be clueless about short sales—better to select another house and move on than stay in a tailspin for 4-6 months only to find out that the pilot has been asleep in the cockpit the entire trip. Short Sale transactions require everyone to be well-rested and suited up for the ride.

It Ain’t Closed Til It’s Closed. . . .

The expectant buyer has probably become pretty jaded by now, but may still be under the illusion that they can breathe a sigh of relief as soon as the lender FINALLY calls and says that the deal has been approved and a closing can be scheduled. I would be remiss if I did not mention the occasional last minute glitch—where the entire deal is called off—and no closing ever ensues. Robin and I were co-agents back in Indiana a number of years ago. She had processed a short sale transaction like clockwork (just like I taught her). Everything had been accomplished in about 2 ½ months and all parties were delighted that the end appeared near. The lender gave her a call on Tuesday and approved a short sale, with the closing set for Friday. She relayed this information to the buyer’s agent who called the expectant buyers to share the happy news.

Wednesday morning the lender called again—oops, he had missed opening an envelope which contained updated title work showing a $10,000 judgment against the seller which would be attached to the real estate and therefore was rescinding his approval of the sale. The bank was moving forward with foreclosure.

The buyers have given notice at their apartment, their furnishings totally packed for a move as soon as the closing was completed. They had to quickly find alternative housing since they could not stay where they were, nor could they move into what would have been their dream home. While there were threats of a lawsuit, no lawsuit occurred because the buyers had signed the seller disclosure AND written into their purchase agreement that they understood that final approval from the lender would be required for a closing. Alas, the lender had not approved. My point—it ain’t over until the fat lady sings.

Does your buyer have the stomach for a short sale attempt? Remember: they never promised you a rose garden. Short sales require a strong constitution—for all parties involved.

A Short Sale Closing—Today’s Ultimate Success Story

Did I give the impression that short sales might not be suited to everybody? They are not. However, a pair of competent REALTORs can make this transaction go smoothly and move to a closing where all parties have received what they wanted and walk away with a win-win-win-win.

Throw one neophyte in the mix and you’ve got a wild ride. Especially if that happens to be the pilot for the listing side.

GAZETTE JUNE 2, 2010 BETHESDA CREST -5013 CEDAR CROFT LANE

2010-06-09T18:55:00.004-04:00

Bethesda: Townhouse shows luxury throughout

By Marian Kisch | Special to The Gazette

This elegant townhouse is in the Bethesda Crest community.

http://www.gazette.net/stories/06022010/homemlo113717_32531.php

Soaring spaces, curved walls, spiral staircases, top-of-the-line flooring and custom finishes add to the appeal of this spectacular, 6,500-square-foot townhouse in the Bethesda Crest community.

Entering through the portico, a soaring and dramatic space greets the visitor. The entry, with a closet and a black-and-white, porcelain-tile floor, leads to a soaring, two-story area with a bronze chandelier.

Throughout the home, there are silk wall coverings, extensive recessed lighting and large windows.

To the left is a living room and dining room, with 11-foot ceilings, silk shades and drapes that cover the windows on two sides.

To the right of the iron-railed staircase are several rooms, all with wood floors. The office, accessed via French doors, contains built-in cherry cabinets on two walls, three windows with wood plantation shutters, and a custom, dark-striped rug.

Continuing along the hall is a powder room with a vanity and sconces.

Next is a large open space with the kitchen, an eating area and a family room. The kitchen boasts a curved, 12-foot island with a granite countertop, suitable for light dining, as well as painted wood cabinets underneath. The island also contains a four-burner Viking cooktop with a griddle, a prep sink and a beverage refrigerator.

Behind the island are more almond wood painted and glazed cabinets with French bronze grills on the doors. Appliances include a Miele wall oven with a warming drawer, a Sharp microwave, two one-drawer Fisher & Paykel dishwashers and a Sub-Zero side-by-side refrigerator. A large, stainless-steel sink is in front of a tumbled marble backsplash with Italian-glazed glass insets.

To the right of the kitchen is a large dining area, with a curved wheat-linen tufted banquette and a bronze chandelier. From there, French doors lead to a terrace/patio with a brick floor and walls. Another door leads to the two-car garage.

Adjacent to the kitchen is a large family room with a gas fireplace and built-in cabinets and shelves that match those in the kitchen.

Continuing along the curved hallway is a large pantry, a cherry-paneled elevator, and a butler’s pantry with bronze grills on cherry cabinet doors, a black granite countertop and a small sink.

The downstairs spaces are accessed by a spiral staircase or an elevator. All the staircases have wheat-colored wool runners, as does the upstairs curved hall. Directly in front of the staircase is a huge bar with glass pendants, black granite countertops, cherry cabinets, a dishwasher, a small sink, a microwave and a wine cooler.

The tiled area continues to an L-shaped recreation room with a burgundy, patterned rug, a large chandelier and a gas fireplace with a stone surround and mantel. A 109-inch Sony high-definition television conveys.

To the right of the stairs are more closets, an exercise room with a mirrored wall, another bedroom/office, and a full bathroom with a shower/tub, a vanity with a marble top and a wood cabinet.

The third floor includes three bedrooms, a laundry, and two full bathrooms. All the floors here, and on the next floor are wood. To the right is a guest bedroom. Another bedroom has chair rail, white wooden blinds and a closet with shelves.

Off the hall is a full bathroom with a Palladium window covered by plantation shutters, a tub with a shower, a large mirror, a linen closet, and a large vanity with a marble top and white wood cabinets.

The master bedroom suite is huge, featuring a separate dressing room with closets and dressers with frosted glass and two large windows. The bedroom area boasts a tray ceiling with custom, enhanced moldings. An adjacent sitting room has a corner gas fireplace, a walk-in closet and another closet with shelves.

A seamless shower, with two entrances and a seat, is covered in tumbled travertine marble and located in the center of the master bathroom. It has two honed marble-topped vanities in separate locations, two private toilets, a large jetted bathtub with a tumbled marble surround, and a large mirrored wall.

The top level contains a bedroom, a living area and a full bathroom. The living area has a Palladium window. The bedroom includes a double closet with shelves and a ceiling fan. The full bathroom has a tub/shower, a vanity with cherry cabinets and a ceramic-tile floor.

The entire house is wired for audio and video, with touch pads on all levels. It also has an extensive security system with cameras. The 109 inch Sony Screen and Hi Def projector convey plus so much more!

The community includes a playground and a park like area with benches. It is one-quarter mile from the Metro Red Line Medical Center station, close to biking and hiking trails, the National Institutes of Health and downtown Bethesda.

Specialties of the house Address: 5013 Cedar Croft Lane, Bethesda

Price: $1,800,000

Estimated taxes: $18,043

Lot size: 0.16 acre

Bedrooms: 4 +

Bathrooms: 4 full, 1 half

Vanda Greenwood

Long & Foster Real Estate , Inc.

Bethesda Avenue

202-321-8320

Call for an appointment today!

New Price at $1,800,000

2010-06-09T18:11:00.000-04:00

VIRTUAL TOUR 5013 CEDAR CROFT LANE

2010-03-25T15:56:00.000-04:00

Home Visit Virtual Tour of 5013 Cedar Croft Lane, Bethesda, Maryland 20814

BETHEDA HOMES FOR SALE

2010-03-20T00:31:00.000-04:00

March 19, 2010

5013 Cedar Croft Lane, Bethesda, Maryland 20814

Built in 2006, this is a unique luxury home with totally custom interior finishes and more than 6000 square feet of beautiful living space. A "Forever" home with meticulous attention to every detail for an elegant lifestyle.

From the grand entry through out all levels and rooms with over $300,000 in custom designed upgrades with high architectural style await you. Countless windows offer "Light and Bright" with a Kitchen, Family Room, Media Room and Master Suite, Media and Security Systems that are so well done that you will quickly realize that this is the retreat you have always dreamed of!

A “turnkey” home where all you have to do is move in and enjoy!

Property Highlights

Built in 2006 with over 6,000 sq ft of elegant living space
High End Architectural Style
Quiet Part and Secluded area of Bethesda Crest
Whole House Audio and Security Intergrated into TV
Master Screen pads 2 I Pod Docs, touch pads++, are located throughout
Sub Zero-Viking, Miele-Fisher Paykel Applianes w/ 2 two drawer dishwashers
3 Fireplaces-3 Zoned HVAC, 8 foot doors, new central Vac
Silk Window Treatments and Wall Coverings, Wool carpets

Over $300,000 in total custom interior finishes
Bethesda walkable & Less than 1/2 mile to the Med Center Metro 495 and 270
109 Inch Screen with Sony Hi Def Projector-Blu Ray-DVD-CD-Ipod Docs& Radio
4 Security Cameras -front foor-terrace-garage and pad
Kitchen Island is over 12 feet in length, Custom Down Lighting
Amazing Master Suite- Sitting Area, Fireplace, Open Views
9 ft windows+transoms, Plantation Shutters, Glazed Cabinetry, Bronze Grill & Pulls

My Web Site and Bethesda Homes For Sale

5013 Cedar Croft Lane, Bethesda Maryland 20814

2010-03-18T10:39:00.000-04:00

2010-02-08T11:42:00.001-05:00

DECEMBER SALES 2009

Pending Home Sales for December were up significantly from November's reading, and up a healthy 10.9% over December 2008, as homebuyers take advantage of today's low rates and tax incentives. And speaking of low home loan rates, the Federal Reserve purchased $12 billion in Mortgage Backed Securities last week, bringing the total to $1.173 trillion since the program began in January of 2009...which leaves just $77 billion in purchases to be made over the next eight weeks until the program ends on March 31st. While home loan rates improved very slightly during this volatile week - don't forget that when the Fed is done buying, home loan rates will be very susceptible to moving higher.

BETTER TO BUY OR RENT NYT CALCULATOR

2010-02-08T11:27:00.002-05:00

http://www.nytimes.com/2007/04/10/business/2007_BUYRENT_GRAPHIC.html?_r=1#

TOP 10 CITIES BY FORBES TO BUY NOW

2010-01-28T13:02:00.002-05:00

THE TOP 10 CITIES TO BUY IN RIGHT NOW

Forbes Magazine

For people who want to own a home, the premium to buy-the spread between what they'd spend to rent and what they'd pay for a mortgage-is much lower than the 15-year average in many cities. To determine what cities are smart buys, Forbes magazine computed the premium and also identified locales where economists predict home prices will go up the most over the next five years. Here are the top 10 cities the magazine chose as the best places to buy right now.

1. Boston-Cambridge-Quincy, Mass.

2. Charlotte-Gastonia-Concord, N.C.-S.C.

3. Chicago-Naperville-Joliet, Ill.-Ind.-Wis.

4. Cincinnati-Middletown, Ohio-Ky.-Ind.

5. Denver-Aurora-Broomfield, Colo.

6. Minneapolis-St. Paul-Bloomington, Minn.-Wis.

7. Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md.

8. Portland-Vancouver-Beaverton, Ore.-Wash.

9. San Francisco-Oakland-Fremont, Calif.

10. Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.V.

East Bethesda

2010-01-27T10:30:00.002-05:00

East Bethesda, Bethesda1,200 households and a business district

Story by Trinh T. Le
Photos by Naomi Brookner
More than 1,200 households make up the East Bethesda community, defined by East-West Highway to Jones Bridge Road, and between the Georgetown Interim Branch Trail/Columbia Country Club and Wisconsin Avenue.
The urban neighborhood is convenient to its residents, as its outer edge is directly adjacent to the Bethesda Central Business District (CBD). This CBD includes a host of large and small businesses and shops, as well as major restaurants and grocery stores.
Aside from those, East Bethesda residents have three park and recreational facilities within the community: Cheltenham Park, Chase Avenue Park and Lynnbrook Recreation Center. The East Bethesda Citizens Association (EBCA), through its Parks and Playgrounds Committee – works closely with the county’s parks department, Montgomery County Public Schools and the Lynnbrook Daycare to insure the parks are maintained properly and that security issues are addressed, according to the EBCA Web site.
The East Bethesda Citizens Association, according to its Web site, is one of the largest citizens associations in Montgomery County. It was started in the 1930s and represents more than 1,200 households east of Wisconsin Avenue, north of East-West Highway, west of Columbia Country Club and south of Jones Bridge Road.
The association works to build a stronger sense of community within its border and beyond by organizing social events and providing pertinent information to its membership. The group’s Borders Committee deals with issues that affect the outer edge of East Bethesda (i.e. the areas of East Bethesda directly adjacent to the Bethesda Central Business District or "CBD"). This committee was formed to address the frequent issues the East Bethesda community has concerning the areas surrounding the neighborhood. The Borders Committee often works in concert with other EBCA committees to accomplish its goals.
Other committees include the Capital Crescent Trail Committee, which was formed in April 2002 to provide a focal point for EBCA activities geared towards preserving the Capital Crescent Trail as an urban linear park for hikers, bikers and runners. The Communications Committee maintains the Web site and puts out a monthly newsletter to provide residents updates about EBCA activities and social events, area happenings, residents' transitions, and issues that impact life in East Bethesda.
Ilaya Hopkins, president of EBCA, said the association newsletter goes out to nearly 1,280 residences. Most of those households are single-family homes; some are garden-style apartments, including those on Tibury and Avondale streets, Hopkins said.
The Environment and Beautification, Education and Social committees are other ways residents can participate to improve their neighborhood.
Additionally, annual events such as the Labor Day picnic at Lynnbrook Park, a Halloween parade, and periodic coffees and happy hours provide other venues for the residents to gather and visit, Hopkins said.
Victoria “Tori” Hall, who along with her husband moved into East Bethesda in 1997, describes her neighborhood as “a quiet, unpretentious residential haven at the doorstep of a great downtown scene, giving us the best of both worlds.”
“As our family has grown over the years, we've repeatedly house-hunted for a larger home – but we always end up renovating this house yet again so that we can stay here,” Hall said. “We're walking distance to the Metro, the library and the Crescent Trail, close to the Beltway but not right on top of it, and yet I can drive to my son's school in Silver Spring (Sligo Creek Elementary, French Immersion) in under 10 minutes. What other neighborhood can offer us all that?”
Rebecca Fayed, chair of the EBCA membership committee, agrees. She and her family of three moved to East Bethesda about seven months ago, having lived in the D.C. area for 10 years.
"During the last five years, we lived in another Bethesda neighborhood where few people interacted with each other and it was uncommon to see people out and about," Fayed said. "In looking for a new house, we were very concerned about the type of neighborhood in which we'd raise our son. I can unequivocally tell you that East Bethesda was the right choice."
Fayed calls East Bethesda "the hidden gem of Bethesda," with a life of its own "unlike any other community in which I've lived."
The close proximity to all of the shops and restaurants in downtown Bethesda, and easy access to the Crescent Trail are among the many pluses for residents, Fayed said. Shops and restaurants such as Gifford's Ice Cream & Candy Co., Barnes & Noble, Mon Ami Gabi and Raku are great neighborhood spots to hang out; and convenient access to the Metro (walking distance), D.C., Rockville or Gaithersburg allow for easy commute to work and other places.
Fayed said, the annual Halloween parade draws hundreds of people including kids, parents and grandparents along Chase Avenue, "donning all kinds of costumes and the holiday cookie exchange that includes a large donation of cookies to our dedicated public servants."
A pancake breakfast, while not sponsored by the EBCA, is hosted by four to five neighborhood families every year when a part of Chestnut Street is shut down one Sunday morning at around end of summer for an "out-of-this-world" pancake breakfast. "You can see people walking there from every street. It's an amazing sight to see," Fayed said.
Back

GORGEOUS BETHESDA HOME CLASS AND LOCATION TOO!

2010-01-26T20:29:00.002-05:00

BETHESDA CREST COMING SOON! OVER 6,000 square feet with all the technology and home decor upgrades possible. Safe - Secure and Gorgeous too! Top of the Line everything! Owners thought this was their forever home and are now moving out of the area for business reasons!

Time management

2010-01-26T20:21:00.002-05:00

Top Tips to Time Management

Published on Friday, December 18, 2009, 8:37 AM Last Update: 9 day(s) ago by Rich Levin

Category: All Articles » Training/Coaching/Mentoring

It's a strange thing, but when you are dreading something, and would give anything to slow down time, it has a disobliging habit of speeding up.
~J.K. Rowling, "The Hungarian Horntail," Harry Potter and the Goblet of Fire, 2000

Does this ring true for you? Real Estate Agents are challenged in dealing with time. Prospecting, Marketing, Service, E-mails, Phone Calls, Appointments, Paperwork, the list go on and on. Here are top tips to help you manage your time better.

1. Schedule chunks instead of activities. Schedule a chunk of time each day to make and return calls, a chunk of time one day a week to do all of your web update work.
Chunk your service, your ad writing, and your marketing. Here is the rule. If you spend a total of more than thirty minutes per week on an activity, schedule a chunk of time on specific days every week for that activity.

2. Priority Days. For one hour at the beginning of each day focus on the following priorities. In our Daily Coaching Program Mondays and Tuesdays are prospecting days. Wednesdays are marketing, web, print, mail etc. Thursdays are for service to listed Sellers and pending Clients. Fridays are for planning, what we call a leadership day. This structure manages your time, organizes your activities and leverages the opportunity to take big chunks of time or full days off on the weekend with more peace of mind and confidence.

3. Emotional Fitness. We all have a pre-work dance. That is, activities that we love to do right before we are going to get to work. Get coffee. Check e-mails, Twitter, Active Rain, etc. Play solitaire. Clear your desk. So, become conscious of your pre-work dance and work to break the cycle of unproductive time. Just as you are about to “dance,” pause. Sit up straight or stand up. Smile, even laugh at yourself because you know what you would normally do. But this time, picture how your day is going to go. Picture what you want to accomplish and how you are going to accomplish it immediately. And get back into action. No one thing can make you more productive than interrupting your pre-work dance and getting back into action more quickly.

4. Prioritize your activities and phone calls. Always, do the toughest ones first. Do the one thing that you have been procrastinating over, first. That thing often holds you back, slows you down, damages your motivation, your focus, even your confidence. Make the tough phone calls first. Tackle the tough job first. They are often not as tough as anticipated. But they get tougher as you delay them, don't they?

5. Action motivates. If you're feeling a little bit lazy but you know you have things to accomplish, action motivates. Get yourself off the couch, off the chair, take the first step, make the first call, respond to that tough e-mail, or get in the car. Take the first action. Action motivates.

6. Use the 4 D method for prioritizing paperwork.
Do it immediately if it can be done in 20 seconds or less.
Delegate it if you can hand it off to somebody else.
Delay it if you are not going to do it right now. Schedule a time in your calendar to get back to it. It may be delayed to one of the time chunks mentioned above.
Dump it. It is best to do this one more than the others.

7. Cluster your activities. Cluster all the things needed to be done at your office. Cluster your travel. Take a few minutes, literally, just 2 or 3 minutes at the beginning of the day and before you walk out the door to look at your calendar. Perhaps you will have to make a phone call or two to rearrange your schedule. Maybe you will ask someone else to be available sooner or later. Do that. So that your use of time makes more sense. As you commit to this it becomes habitual. In addition to saving a tremendous amount of time clustering your activities can relieve a lot of pressure, provide a wonderful sense of self-control, and give you the freedom and the opportunity for greater success.

8. Just say no. Oooh, this one is very hard for some people. If it is hard for you then simply learn to apologize profusely… and then say no. Try these scripts. “Wow, I really want to do that for you. And I really would. Only it is killing me to put other people’s requests above my priorities. So, I am really, really sorry... but, no.”

9. Schedule time off. Give yourself permission to do nothing or do something you love to do. Even just sit in front of the TV. Read a book. Lay in the sun. Go for a walk. Exercise. Spend time with family. Sleep in late. Give yourself permission to do nothing. You need that time. You need that energy. Giving yourself this permission sends a strong message to your subconscious that you are in control of your time. This adds power to all of the other ideas above. Cross off one day each week, a half day, an evening, when you schedule absolutely nothing or something you love to do and make that personal time a must, an absolute priority. If necessary, arrange to have someone handle calls for you or check your emails. This time will truly make you more effective when you are working.
There are tons of systems, tools, and philosophies for managing time. These are the foundation, a few of the best ideas for addressing an Agent’s biggest complaint.

Time is what we want most, but... what we use worst.
~William Penn

Great U Tube Video about New Listing

2009-12-02T12:02:00.001-05:00

NEW http://www.youtube.com/user/doslouie#p/a/f/0/sNSWccfdO3Y

9703 CEDAR LANE, BETHESDA, MARYLAND /SOLD $742,000

2009-11-01T11:19:00.008-05:00

SELLER SAYS $30,000 in upgrades and updates to the Buyer. Priced at $769 this is a great opportunity.
Largest 4 level in the area with a 1/4 acre lot. 4 Bedrooms-4 Full Baths. Brand new landscape features added to the back yard. Set back off the street. Detached carport /garage will accomodates more than 2 average cars and storage too.

UNDER CONTRACT

From CNBC about the Real Estate Markets

2009-04-29T16:40:00.001-04:00

Is Now the Time for Some Home Buyers to Make a Deal?
HOMES, BUYING, REAL ESTATE, HOUSING, PRICES
Posted By: Mark Koba Senior Editor
CNBC.com
29 Apr 2009 12:41 PM ET
While housing prices are continuing to fall , prospective home buyers may not want to wait much longer for the market to hit bottom, experts say.
"Most of the big declines in home prices have occurred," says Lawrence Yun, the chief economist at the National Association of Realtors. "Any more will probably be minimal."
Part of the reason is that homeowners are becoming more realistic in listing their asking price.
"Home prices are where they should be," says Robert Abbott, co-owner and VP of Abbott & Caserta Realtors in northern New Jersey. "Sellers are accepting the current reality and are pricing more realistically."
The latest Case-Shiller report shows that home prices in 20 cities dropped 18.6 percent in February from a year earlier. But for the first time in 16 months, that rate of decline eased from the prior month.
A look at the median home prices across the U.S. shows that some prices have actually risen in recent weeks, according to the National Association of Realtors.
RegionJanuary '09February '09Northeast $227,000$251,000 (up)South$143,300$146,700 (up)Midwest$131,000 $131,000 (same)West$215,000$204,600 (down)
The median prices are still down from the same time in 2008, but that's more a reflection of what were over inflated prices, says Abbott.
"We're experiencing an adjustment in prices," Abbott says. "From my area, we've been in a down market since 2005 and I think we are now at a stabilized place."
The current price level of homes seems to be drawing more buyers into the market, says Jim Gillespie, CEO of Coldwell Banker.
"We are seeing a lot of activity across the nation," says Gillespie. "Of course we're in the Spring market, but we've seen more buyers in the market now than at this same time last year."
More people are not only 'kicking the tires' but actually buying right now, says Abbott.
"We are showing significant activity when it comes to sales," Abbott says. "The number of days for a house on the market are going down."
But not all levels of housing are seeing the benefit, according to Cindy McLellan, a real estate broker in Denver, Colorado.
"Lower levels of home prices are seeing more of the activity," says McLellan. "Higher priced homes, those in the $1 million range and above, are still taking some time to sell. High enders still have trouble getting jumbo loans and sellers are till trying to make a profit."
McLellan says it's the first time home buyers that are driving the market. "With the $8,000 tax break from the Obama Administration and lower interest rates, first time buyers really have an incentive to buy and they are."

Not everyone thinks housing prices have bottomed or might not even go lower. Fred Skolich, president of Skolich Real Estate in New Jersey says prices remain in flux.
"I think they are still going to come down," says Skolich. "We're in the middle of the Spring market. After we get away from that, I think you’ll see some further adjustments in price."
"There's no need to rush," says J. Andrew Hansz, an associate professor with the department of finance and real estate at the University of Texas at Arlington. "It's a buyer's market right now. If you need a place, it's a good time, but buyers are in control."
But home buyers waiting on the sidelines to time the market could be making a mistake, says Skolich. "You might wait for a lower price, but then interest rates could go up," Skolich says. "It's like a stock, you don't know if you're really buying at the bottom or not."
And those prospective buyers making low offers, might find themselves in a bidding war, says NAR's Yun.
"I think some buyers are trying to steal property by offering low prices," says Yun. "But even in those markets that plunge, buyers are coming back and making bids."
"We've seen some bidding wars" says Robert Abbott. "It's very competitive especially when the home is priced right."
Whether someone is in the market to buy, just looking or waiting for prices to drop even more, analysts say the current state of housing is the best it's been for some time.
"I'm not just saying this because I'm in real estate, but I think it’s as great a time to buy as I have seen in my 34 years in the business," says Coldwell Banker's Gillespie. "Houses are affordable, there are plenty of homes to choose from and you have record low interest rates on 30 year mortgages."
© 2009 CNBC.com
URL: http://www.cnbc.com/id/30455148/

SEARCH FOR HOMES NOW

2009-04-09T14:27:00.007-04:00

Search for your home on a direct MRIS web sight for Real Estate in Maryland, DC and Virginia. These listings are current and the information you seek will be up to date within minutes of any changes made by Realtors etc.
Buyer Agent and Selling Agent 202-321-8320
www.vandagreenwoodrealestate.com
http://www.2hdb.com/vandagreenwood

Why Now is a Good time to Buy

2009-04-09T14:24:00.001-04:00

The Case for Buying a Home Right Now April 9, 2009
Low interest rates and very
From the Wall Street Journal
Talk about capitulation! Judging from my mailbag following last week's coverage of the Case-Shiller housing numbers, almost nobody has a good word to say about the real estate market any more.
I'm an instinctive contrarian. So I hope readers don't take it the wrong way when I say that when so many of you agree with me, I start to get nervous.
And where is my hate mail? The brokers must be totally whipped. Even a year ago anyone questioning housing prices could reliably expect a torrent of furious replies from those in the business.
Today? Almost nothing. And the few left are mostly of the "U r an idiot (Sent from my iPhone)" variety. Pitiful.
Maybe the moment of maximum pessimism is at hand after all.
More on Homes
Home Prices Low, But No Bargain
Dream Bailout Has a Dark Side
So let me play devil's advocate and consider the positive case for buying a home right now.
The key factor: Interest rates.
If you can borrow at 4.5% or 5% over 30 years, many purchases start to look appealing. Especially if we get a hefty dose of inflation down the line.
If that happens, your monthly payments will be low and you'd get to repay the principal over time with devalued dollars. That's a double win.
Inflation isn't guaranteed: The bond markets are only predicting about 1.4% inflation over the next 10 years, and BCA Research recently reminded clients that deflation, or falling prices, remains a danger. Unemployment is still rising and recent wages actually fell.
Yet if you had to bet from here, you'd bet on inflation in due course. The government is running massive deficits and has the printing presses at full throttle. That's the classic recipe.
And inflation is the debtors' friend -- which is why it is surely going to prove the politically expedient way out of this mess.
Anyone purchasing hard assets like real estate, with a 5% fixed rate loan, ought to make good money if that happens.
When it comes to the house prices, it's true they may not have fallen as far as you might expect.
A recent analysis in the Financial Analysts Journal ("When Will Housing Recover?") suggested prices nationwide still weren't cheap by historical standards in relation to household incomes.
Homes were much cheaper, say, as recently as the 1970s.
Furthermore: the bigger the bubble, the bigger the bust. Considering how sharply home prices climbed from 2002 to 2006, one might expect real estate to end up really, really cheap before bottoming out. And you wouldn't expect a quick rebound either. Japan still hasn't recovered from 1989.
But if you are thinking of buying a home, here's the more positive news: While overall market averages may not be as cheap as you might have expected, you can probably ignore them.
There are plenty of deals taking place far below the official average levels. The indices are masking a huge disparity in prices.
Even the National Association of Realtors concedes distressed sales – including foreclosures and short sales – are closing about 20% below "normal" market rates. (Never mind how to define "normal").
Aggressive buyers are finding some simply terrific deals. And they're paying with cheap debt, too.
Default rates are rising. Lots of sellers are forced. A buyer with options holds all the cards.
Once upon a time, the name of the real estate game was "let's make a deal." Today, it's "take it or leave it." If the seller won't take your offer, his neighbor probably will.
Write to Brett Arends at brett.arends@wsj.com

Selling Your Home and Finding the Deal

2009-03-26T16:55:00.006-04:00

Cosmetic Flaws
Many buyers make home buying decisions based primarily upon emotional reactions to the homes we show them. A freshly-painted house with clean windows and waxed floors will sell for top dollar, while a nearby home which needs a lot of cosmetic attention may languish on the market, even with a much lower asking price.If you find yourself in the position of comparing two such houses, put your imagination to work. If the only difference is paint, cleaning, and carpeting (or getting unsightly furniture moved out), remember that these are fairly low ticket items that you would probably choose to do even if the house is in good shape. If you focus your attention on the location and the condition of the structure and the major systems, you may be able to get a "not-very-rough" diamond at a great price. If cosmetic problems make you nervous about the home, the structural inspection can answer most of your questions.
Look for GREAT Bones and you will save money in the long run. You will also be able to make the home uniquely yours.

National Search For Homes

2009-03-26T14:47:00.004-04:00

NationalHomeSearch.com

FINDING THE PERFECT HOME

2009-02-19T11:30:00.002-05:00

THERE IS NOT A PERFECT HOME EVEN IF YOU BUILD IT YOURSELF

Thinking there is only one perfect house out there is a big mistake and it may keep you from finding the right home at the right price.Buying a home is a process of elimination, not selection. New properties arrive on the market daily, so be open to all possibilities. We often say "Buyers are Liars" because buyers say they want one thing and then you show them something totally different or a home that incorporates just what a client says they do not want and the Buyers Fall in Love with the Home.
With so much information readily available online, clients sometimes ask me, "Why should we hire a real estate agent?" They wonder, and rightfully so, if they couldn't buy or sell a home through the Internet or through regular marketing and advertising channels without representation, without a a real estate agent. Some do OK, many don't. Here are some things to consider: 1.Getting accurate information about homes in the neighborhood that have sold and their accurate prices. Tax Rolls do not indicate whther a Seller Subsidy was part of a price. 2. The Listing agent trying to represent the buyter owes their allegiance to the Seller. 3. Your best interests come first will be the mottos of your Buyers Agent and that is something the FSBO and the Listing Agent can never promise you. 4. If dealing with a FSBO can you be sure that the Seller is giving you all of the correct forms you need to make contingencies enforcable and so if you decide to get out of the transaction so that you will not wind up in court. 5. Are you seeing all of the properties you want to see or need to in order to make wise decisions. 6. Information gives you an edge in contract negotiations and can you get everything you need on random internet sites? 7. Knowledge of the neighborhoods, etc., and future development? Have you taken the time to learn everything you need to know about an area, city or school and have you explored all available resources to make up your mind? Your Realtor will assist in getting you to the right sites and all of the information you may need.
to be continued.......

NOW FOR LEASE AT $4,900 per month 4703 MONACO CIRCLE

2009-02-19T10:46:00.005-05:00

NOW FOR LEASE
4703 MONACO CIRCLE in DOWNTOWN BETHESDA.
ELEVATOR TOWN HOUSE REALLY ACROSS THE STREET FROM THE METRO. SEE POSTING FOR SALE CALL ME AT 202-321-8320 for a showing LEASE PURCHASE IS AN OPTION!

Bethesda Town House Price Reduction Downtown

2008-12-12T11:25:00.024-05:00

AMAZING LOCATION IN BETHESDA DOWNTOWN Across the Street from the Metro with Elevator For Sale
2 Car Garage/ Upgrades Throughout

2 Blocks to Bethesda Free Trolley

The ONLY Town Home In Downtown Bethesda Under One Million

REDUCED to $975,000

Property Highlights

Beautiful Upgraded Luxury Town Home in Downtown Bethesda Built in 2000, 3400 + sq Feet
Elevator to all 4 Levels Sunny and Bright with Large Windows,
Track Lighting Hardwoods, Granite, Tile and Marble Floors
Wine Cooler for over 1000 Bottles of wine can convey
Kitchen With Granite Counters, Glass Tiled Back Splash, and Large windows with French doors to large Deck.Walk-in Closets, Extra Closets, Ground Level Family Room with French Doors, large windows and Landscaped Patio and yard.
3 Bedrooms 3 Full Baths and 2-1/2 Baths
Across the street from the Metro, Red Line, NIH and the Naval Hospital
His and Her Baths with 2 Showers and 1 Whirlpool Soaking Tub
AlarmSystem, Recessed Lighting in Every Room, Custom Touches Everywhere
Speakers inside and outside on the Deck, Prewired for easy computer access.

OPEN SUNDAY from 1 to 4PM
Call 202-321-8320 For a private Showing
MORE PHOTOS Click On

Would you rather Rent? Ask me about this option too.
Drop by the Open at 4703 Monaco Circle on Sunday and I will take you next door too!

LEASED! BETHESDA MD FOR LEASE DOWNTOWN

2008-12-02T16:59:00.005-05:00

LEASED

Property Highlights

Stylish Town Home in Dowthown Bethesda Built in 2000
Wonderful End Unit Stylish and Beautifully Maintained
Stylish Light Fixtures plus Designer Colors freshly painted
Master Bath with Separate Shower and 1 Whirlpool Soaking Tub
Ground level Family Room with French Doors, large windows and patio too!

Across the street from the Metro, Red Line, NIH and the Naval Hospital
Sunny and Bright with Large Windows, Granite Counters
Hardwoods, Granite, Tile and Marble Floors, Large Closets throughout.
Deck off of Kitchen through French Doors
Wonderful Master Bedroom Closet to keep you organized!
SEE MORE PHOTOS Click Here

Property Description

Over 3,000 Square feet of upscale living space across the street from the Metro in Downtown Bethesda. Crown Moldings, granite counters,beautiful hardwood, limestone, tile and marble floors. Custom cabinets, Master Bath has separate shower and a whirlpool soaking tub. 4 Full Baths and 4 Bedrooms. Laundry Room on the Master bedroom Level and on other good sized bedroom with a private bath. Another Full bath with a double sink on the upper with a loft like landing and 2 more nice bedrooms.One full bath on the Lower Family room Level. 2 Car Garage.Great closets in every bedroom and storage too. French doors off of the kitchen onto your beautiful deck. A fireplace in the lower level family room redone in beautiful limestone with large windows and French Doors that open onto your patio.
Spacious and Sunny End unit with upgrades.
Lots of the furniture and flat screen TV can stay!!!

Call 202-321-8320

SEARCH FOR HOMES

2008-06-21T15:30:00.000-04:00

http://www.homesdatabase.com/vandagreenwood

Bethesda, Maryland

2008-06-21T15:18:00.003-04:00

Luxury Town Home in Downtown Bethesda for Lease

LEASED

Luxury Townhouse in Downtown Bethesda.
Fabulous Master Suite and Bath

Property Highlights

Luxury & Location in Spacious Downtown Bethesda Town Home.

French Doors lead to Deck and to Open Views from Living and Dining

Upper Level has 2 Bedrooms and 1 Full Bath with Sitting/Office Area to Share

Master Bath with Free Standing Glass Shower and Soaking Tub

Granite and Stainless Kitchen, Floors, Counters and Back Splash

Living with Tall Ceilings, Sunny Oversized Windows, Flat Screen TV

Walkout Finished Basement, 1/2 Bath with French Doors to Pavered Patio

Living Room with Fireplace and Separate Dining Room

Upscale Touches incl: Crown Molding, Hardwoods, Marble, Granite & Tile Floors & Fixtures

Upscale and Spacious

Granite floors, back splash and counters in stainless kitchen. Separate Dining and Living with high ceilings and french doors which lead to the deck. Nice open views too!

3 bedrooms, 2 full and 2-1/2 baths.

For Lease

$4,900

LEASED

MLS#:MC6778973

FREINDSHIP HEIGHTS MARYLAND

2008-06-21T14:40:00.001-04:00

http://www.4601parkavenuenorth.com/

SOLD
The Elizabeth, Village of Friendship Heights/Chevy Chase LOCATED IN THE HEART OF DC's Premiere Shopping and Dining Area on the Red Line Metro

Property Highlights

Updated Kitchen with Granite Counters
Beautifully Maintained and Modernized
Steam Bath
Parking
Beautiful Lobby
Newer Appliances
Stacked Washer and Dryer
4 Season Swimming Pool
Guest Parking too!
Upscale Area with Red Line Metro

Property Description

Updated one bedroom on the 11th Floor with open views. Kitchen with Granite Counters, Spacious Open Living and Dining, , Lots of Closet Space with a Walk-In located in the Large Bedroom. Great Amenities like Saunas, Year Round Pool, Parking for you and your Guests.

RED LINE METRO.

This unit has been well maintained. Ceramic Tile in Kitchen and Bath.Carpet in Living and Bedroom Wood floor entry.Udpated lighting too. A Great Opportunity to own in this Upscale Area of Restaurants, Movies, Fabulous Shopping all within a Village Atmosphere with tree lined streets,beautiful Gardens and Parks remeniscient of European Boulevards. and Priced to Sell.

Home Buying Highlights

2008-04-06T19:49:00.000-04:00

HOME BUYING HIGHLIGHTS

I love working with Home Buyers and FIRST TIME BUYERS too! You'll be surprised how easy it is. Buying real estate is a complicated process and I know I cannot stop you from worrying. So, let's see if we can keep your anxiety level low and the home buying process as pleasant as possible. Who knows, perhaps we can even have a bit of fun. The real estate market in Maryland and in the District of Columbia is interesting and complex and I will be sure that you become more knowledgeable as we go. I will make your home search just as pleasant as possible. I will go over everything with you and answer every question you may have. The process below represents approximately 20-45 days.

BUYERS COUNSELING: We will meet and I will give you information about Lead in paint in older homes and fair housing laws and a sample packet of the contracts we use and a buyer’s estimated cost sheet. We will discuss Seller Subsidies and closing costs and the sequence of events that will go into play once we find your home. You will share with me your financing information and your progress in looking into obtaining financing for your home and we will go over your alternatives and begin efforts to get an approval letter from a financial institution.

LET’S GET OUT AND SEE SOME HOMES! I will show you homes in your price range and choice of locations. You determine the price range. You determine the area. I will show you the very best homes that meet your criteria in terms of bedrooms, baths, style, and any other features that meet your needs. Seeing all of your choices in different areas if applicable can be fun and you' will learn a lot about the areas and why Realtors are always talking about LOCATION, LOCATION! We make an open schedule to make sure you have the time you need to (1) tour the area, (2) see homes until you find your home of choice, (3) learn the commuting alternatives from different communities to the job location(s) or proximity to the things you feel are important. One of the most important things I will do for you is help you understand a homes resale value and point out to you the negatives and the positives of any home as we look. I want you to be able to be happy and know that in addition to a home you love, it will also be a good long term investment based upon sound information.
APPROVAL LETTER: I want you to obtain a mortgage with the very best terms and conditions possible. The Maryland and District real estate market place is a very sophisticated one. If you are ready to buy, you'll need a pre-approval letter from a lender stating that they have reviewed a credit report and you're ready and able to buy a home at your desired price range. I will be pleased to provide you with the names of Lenders who I know take excellent care of my clients and provide excellent mortgages without prepayment penalties and other undesirable features some mortgage companies hide in the fine print. This should only take a couple of hours. The lender will also prepare a Good Faith Estimate of closing costs so you'll know how much money you'll need to settle and what the costs represent. If you don't understand any part of this process, let me know and I will make every effort to explain every thing in language you will understand. This part of buying real estate can be a bit confusing for some buyers, but just ask me and I will explain everything in terms you can understand.

WE FOUND IT! NOW WHAT? You have to decide what to offer for the property. I will give you information and go over it with you regarding previous home sales in the area and surrounding areas. If necessary I will telephone Realtors who had a house for sale to find out the condition of that home in case I did not have the opportunity to see it. With enough research you will have plenty of information to make a wise decision in setting a price to offer.
PREPARE A CONTRACT OF SALE: At this step, the Contract of Sale is considered an offer. We will review the comparable prices of homes that have sold recently near your home of choice in order to establish the price that you want to offer. You will state in the price, the terms and conditions that you are offering the seller to sell you the home. The contract states your offered price, settlement date, financing terms, home/radon/other inspections, state/county/local disclosures where required, seller disclosures, legal requirements, and much more. I will go over the contract with you paragraph by paragraph to make sure you understand the process. There may be certain matters in the contract that will be negotiated to meet your and the seller's needs. I will make sure you have all of the information at your fingertips to help you make wise contract decisions and ones that will favor your best interests. This is where we ask for a credit toward closing costs and anything else you feel you need even if it is the dining room table. I will handle all of your negotiations in a professional and timely manner. I know the laws and we have access to attorneys we can ask since every contract is a bit different. Because the Realtors in my office have on going educational courses at least two days a week and fixed legal hour every Monday morning at 9AM we are some of the best trained agents out there and this is definitely in your best interest in negotiating the BEST terms and conditions in your contract. EARNEST MONEY: It is also at this time I will ask you for an Earnest Money check in order to present the contract to the listing Realtor or to the FSBO. This check is not really given to the other Realtor but is made out to Long and Foster or a Title Company and is kept in my “Safe Drawer” until the contract is ratified. It is not cashed until that time. THE EARNEST MONEY IS NOT additional money that you are paying for the house. It is used toward your settlement costs or your down payment etc. In some instances you may even get that money back at closing because your costs are covered in another way. It is called Earnest Money because it means you are “negotiating in earnest”. Now and again a seller may feel that if you do not put enough earnest money down that you may walk away from the contract.
WE HAVE A RATIFIED CONTRACT, WHAT'S NEXT? We schedule HOME/RADON or other INSPECTIONS. These inspections will be a contingency on the contract, so they need to be done as quickly as possible, within a few days at most. Relocating buyers can't always be here for inspections, but I will be your eyes and ears and attend the inspection if there is a scheduling conflict. Also in that case I will OVERNIGHT the home inspection report to you so you can see the report and contact the home inspector if you have any questions. We can also negotiate repair credits that you can use at closing and or ask the owner to make any necessary repairs WE may get the seller to install new dishwashers and even an new air conditioning unit if these systems do not operate and cannot be repaired for less than the cost of a new one, etc...At this point to we can also say we do not want to buy the property if you choose not to go forward.
CONDO ASSOCIATION OR HOME OWNERS ASSOCIATION CONTINGENCY: IF Applicable We will get the By-Laws, Covenants, the Rules and Regulations and also the Financial Statements of the Board or the Association and you will have a specified number if days to review them and back out of the contract if you so desire.
LOAN APPLICATION: (one day credit pre-approval, 1-2 week, firm loan approval) If you have not already done so in preparation for buying, you'll need to make loan application. I can recommend good lenders to you, or you can select your lender of choice. This is a Financing Contingency.
APPRAISAL: This is also a Contingency we will probably use because you do not want to pay more for a home than what it appraises for. I will meet the appraiser. He is sent out by your lender to be sure that the house you are buying is worth what you are paying and that they will not be lending money on a property that is not worth what they are lending. If we get into problems with the appraisal there are many ways it can be dealt with and I will protect you in the original contract of sale by getting you an APPRAISAL CONTINGENCY or whatever is applicable to a particular situation. Furthermore we can pay less for the house than what we offered in the first place at this level if the appraisal comes back 5, 10 or 1500 sort of the sales prices we agreed to.
A LOT MORE TO DO:
Once we have the inspections done and assuming the house is sound, we'll schedule the title work at the settlement office of your choice. I will also arrange for the termite inspection if applicable. WE will get all of the repairs due to us if termites and/or signs of infestation are found. This includes more than termites as well. We can also get several thousand dollars in a seller credit back at closing in order for you to make the repairs if the lender allows it. The settlement will take place at a time convenient for you and the seller. The title office will arrange for a title search to make sure there are no liens or encumbrances on the property. The seller can only transfer a clean title. If there is a problem, the title company will notice us immediately. The title company will also arrange for a survey of the property to prepare a drawing of the boundaries with the house situated on the lot. This will be valuable in knowing your boundaries and putting up fencing.
INSURANCE: You will need to order hazard insurance within 7 days of obtaining a ratified contract because getting insurance is taking longer these days. The lender will require it and you want a policy to protect you from loss by fire, theft, liability claims. I can recommend local agents to you or you can use the company that insures your automobile. If at the last minute you forget, you cannot settle without this policy in place. The lender WILL NOT lend you money without this insurance in place. You can insure with any company of your choice. Since you can't settle without insurance, this is a critical task.
One of the agents I always recommend offers a CLUE report to the buyer. We find out if the property has had any claims on it in the past as in a flooded basement and other pertinent facts that will allow us to use other escape clauses that will still be in effect that we will include in the contract and get out of a contract if we wish to or ask for the seller to remedy the problem.
NOW WE ARE WAITING TO GO TO SETTLEMENT: The steps above will generally take from 20 to 40 days depending on your need to take occupancy and the seller's need to move. These dates are firm in the contract. We always work toward a firm and pre-determined settlement date in this area. By now, your loan is approved and we're just waiting for the day you take possession. We will work out when they leave and when you move in if a house is occupied. We also be sure you know how much money you need to bring to closing and more because the amount of money varies due to your lender charges and because of taxes that may have to be prorated etc. You will get a Hud-1.
SETTLEMENT FUNDS: A day or so before settlement, you'll need to get a Cashiers Check for your settlement you may need funds even if we have all closing costs paid by the seller. The title company cannot disburse the proceeds of your loan and record your title without complete payment and it must be in certified funds.
WALK-THROUGH INSPECTION: The morning of or up to five days before settlement, we will arrange a walk-through inspection of your new home to make sure everything mechanical, plumbing, electrical, etc. is in working condition. This gives you an opportunity to examine any repairs made by the sellers pursuant to the home inspection. Termite treatments and repairs, if any, will have been done at the seller's expense. If the sellers have damaged any part of the house moving out, these items will be noted and you'll be compensated. Our contracts require a "broom clean and free of debris" property to be left by the seller. I will be with you to make sure everything is in the condition it was when you purchased the home. If you can't be here for the walk-through inspection, I will do it for you. I do everything except pay for your home.
DO I GET THE KEYS NOW? You and the sellers will meet at the title office. I will be there with you to make sure the settlement documents are correct. Most of the documents will be Fannie Mae standard documents. The document we examine most closely is the Settlement Sheet or HUD-1. This document will reconcile debits and credits to you and the seller.
NO STRESS: I provide all of my resale home buyers with a one year Home Warranty at settlement. This will protect you if the dish washer, air conditioner, furnace, heat pump, electrical or most other components of the home need repair after you take possession of your newly purchased home.

Sellers Check List

2007-12-20T21:36:00.000-05:00

Your Seller’s Checklist provided by Vanda Greenwood
This is what you Listing Agent Needs to Provide at the very least....

Prepare a custom marketing plan to help give your exposure to the largest possible pool of buyers.

List your property into the MRIS (MLS) and on the Internet with numerous photographs and a virtual tour and this is regardless of the price.

List your house on about 20 internet sites!

Call past customers who may be interested in your home.

Hold a Broker Open House for other real estate brokers.

Prepare for and promote Public Open Houses

Invite neighbors to an Open House, as they may know a possible buyer.

Get school and community information for display at the Open House. Neighborhood Book

Conduct Open Houses and have attendees sign Guest Register and Follow up with them.

Promote your home at weekly office sales meetings.

Get feedback from other brokers who show your home and network with buyers agents.

Expose your home to buyers relocating into the area through the agent’s affiliated relocation company.

Prepare handouts with photos/features of your home to give to buyers.

Send “Just Listed” cards to local area.

Call other brokers working with buyers looking for a home like yours.

Stay abreast of pricing in your community and let you know of any changes.

Stay on top of interest in your home and keep you informed.

Assist in scheduling all selling and closing details.

Negotiate Contract ********( another post to come)

Deliver executed documents to appropriate parties.

Confirm deposit of initial deposit money.

Confirm existence of bank/special accounts (especially important in all cash offers).

Inform you of any knowledge of significant events as they occur.

Speak with buyers loan officer

Confirm with selling Realtor® the dates/times of termite inspection, home inspection and be there for them all.

Help coordinate/facilitate any other required inspections and notify seller of results.

Help assist you in obtaining repair estimates, if applicable.

Assist you in negotiating responsibility for any repair issues with buyer.

Periodically contact mortgage representative to confirm status of mortgage loan.

Meet appraiser at property; provide copy of listing and copies of recent comparable sales/listings.

Confirm appraisal is adequate and inform you accordingly.

Confirm that all contingencies of sale have been satisfied.

Confirm receipt of written mortgage commitment and follow through on any “subject to” items.

Arrange any inspections necessary to pass title.

Confirm ordering of title work and obtain name/phone number of Title Company.
Provide selling Realtor® with names/numbers of utility companies, telephone, sewer, cable etc.

Confirm completion of any agreed to repairs and forward copies of work receipts to closing parties.

Forward copies of applicable certification (i.e. termite, well, septic) to closing parties.

Confirm time, date, and location of closing and inform you accordingly.

Confirm deposit monies ordered for closing and verify if certification is required.
Ascertain your receipt of final closing costs.

Schedule with you and buyer the date/time for final walk-through.

Do final walk-through inspection with buyer and selling Realtor®.

Notify closing parties as to walk-through results and help resolve any issues prior to closing.

Remove lock box and verify location of keys, garage door openers, and Warranty document.

Attend closing/settlement and bring all applicable files/documentation, keys and garage door openers.

Vanda Greenwood, Specializing in Success Stories

Air Pollution Indoors

2007-12-20T20:38:00.000-05:00

Air pollution is part of our lives. Reducing our usage of pollutants will improve the environment and how we feel on a daily basis as well helping in the fight to slow global warming. However we have indoor air pollutants too and we can control them even though they exist in every home and at a variety of levels. The air quality inside your home affects you too, especially since most people spend more time indoors than outdoors.

Indoor air pollutants include elemental particles and gases produced by wood smoke,propane gas ranges and a variety of dust particles that migrate into our home from those outdoor pllutants. Some building materials, home furnishings and cleaning products emit toxic organic chemicals like formaldehyde, chlorine and amonia that contribute to poor indoor air quality. Outdoor pollutants such as radon gas from the soil under your home, carbon monoxide that kills many people annually from all walks of life, and nitrogen dioxide from the vehicles that drive by or pesticides from your neighbor's vegetable garden or those that may be administered to keep pests out of their garden etc.,can also seep inside your house.

How can you reduce indoor air pollution? Check the contents of the household products you use, always open the windows if there are warnings about fumes and be careful about rinsing items off after they have been exposed to chemicals. A must do is to buy a carbon monixide detector if your home burns any type of fossil fuels and of course smoke detectors are essential too. If air exchange is poor inside your home, consider installing a ventilation system that will maintain a healthy flow of air and filter out pollutants and change those air and furnace filters frequently.They have new varities now that filter out many impurities we find in our homes.

15 Tips To Help You Sell Your Home

2007-12-19T15:42:00.000-05:00

COLLEGE PARK , 2 BEDROOM, WESTCHESTER PARK

2007-12-19T15:28:00.001-05:00

SOLD

Presenting….
5960 Westchester Park Dr. # 301
College Park, Maryland 20740
Offered at $224,000
• Taxes 2006 : $1,303.00
• Condominium Fee: $394/month
• Condominium Fee Includes: Electricity, Air
Conditioning Heat, Lawn Maintenance, Snow
Removal, etc.
• Amenities Include: Common Grounds,
Convenience Store, Storage, Outdoor Pool,
Beauty Salon
• Repairs the association will make: Common
roof , plumbing etc. common areas and
laundry areas, etc.
•
• Distances: to the Greenbelt Metro and University
of Maryland less than 1 mile on foot,
and by car or bike
• Shuttle: to University to Maryland on site at
end of street and buses to Metro
• Parking: lots of parking for you and your
guests and it is unassigned.
• Outdoors: Pool , sidewalks, lighted entries,
and Hiking Tails . Westchester Park is next to
Greenbelt National Park.
• Master Bedroom:15 by 20 with wood floors
and both bedrooms have good closets. It also has a
nice view
• 2nd bedroom: Bedroom is nice in size with windows.
Good closet
• Bath: Freshly updated, with New Lighting, new
caulking etc.
• Kitchen: Stunning counter, New Refrigerator and
Range Hood, Newer appliances, New flooring and
New light
• fixture with sunny window, wall table
• Fresh Paint: Throughout
• Entry: New entry tiles and light fixture
• Dining Room: Extra large with New lighting
with a double window and lots of light
• Living Room: Very large with drapes, double
sliding door offers sun and light
• Balcony: Large and private
• Balcony view:is unobstructed of trees and
Courtyard.
• Schools: Berwyn Heights Elementary Greenbelt
Middle School, Parkdale High School
Specializing in Success Stories
Vanda Greenwood
202-321-8320
vandagreenwood@aol.com, vandagreenwood.com
Information is deemed reliable but not guaranteed
SOLD

Solo Piazza, Logan Circle, DC NEW LISTING

2007-12-19T14:48:00.000-05:00

Wonderful Views, Solo Piazza , Logan Circle, Washington DC

1300 13th Street NW Unit 707
Washington, DC 20005 NEWLY PRICED at $627,900
Entry: Foyer Styled with large coat closet,
wood floors, opening to unobstructed
view of blue skies and Mt. Vernon Historic
District.
Hall Full Bath: Open to second bedroom
and foyer. Marble tiled walls and floor
with German Poggenpohl Cabinets.
Kitchen: Entry off of foyer, Stainless
Jenn-Air and Miel Appliances, German
Poggenpohl Cabinetry, European Granite
Counters. Wood floors.
Utility and Pantry: Off of the kitchen
with stackable washer/dryer, shelving
and heating and air conditioning unit and
water heater.
Living and Dining Room: Entry from
foyer, balcony and both bedrooms, maple
floors, walls of windows the length the room, no need to crane your neck to see the view of Mt. Vernon historic District
with a good view from every part of the room, Unique Large Stainless Steel Fireplace, Flat Screen TV which conveys,
Granite Bar area with stools facing kitchen, Dining room area with drop leaf table which can also convey upon request,
French Doors leading to second bedroom and privacy door to the master bedroom. Recessed and track lighting.
Balcony: Off of Living/Dining and master bedroom runs the length of the unit. You will never feel like the out doors is
not immediately available to you. Balcony Rails are being painted by the Association.
Master Bedroom: Views out your wall of glass windows and overlooking the balcony. Nice sized room with walk
through closet to the Full Bath. Blinds in the room convey.
Master Bath: Marble tiles for flooring and marble walls with Poggenpohl Cabinetry.
2nd Bedroom: Off off Living Room on the other side of the unit creating privacy for you and
guests. French Doors offer light, entry to Full bath and closet, maple floors.
LEGAL INFORMATION

Total Tax Bill 2007: $4,367
Pet Friendly: Some restrictions
Parking Space in Secure Garage conveys
Art Filled Stunning Lobby with Concierge
Beautiful Tranquil Courtyard with Fountains
Landscaped Rooftop Deck & Garden has
Washington Monument View and was voted the
best place in DC to watch the 4th of July fireworks
Hoa Fee: $334.00, includes: Water, Custodial
Services Maintenance, Snow and Trash Removal,
Exterior Building Maintenance, Master Policy,
Reserve Funds
Building Constuction: Concrete Block and Steel,
Pilings
VANDA GREENWOOD
Direct: 202-321-8320
Office: 240-497-1700
vandagreenwood@aol.com

Glossary

2007-12-03T20:45:00.000-05:00

Below is a handy guide of terms that home buyers and sellers need to know.

Agent
A person acting on behalf of another, called the principal.

Agreement of Sale
Known by various names, such as “contract of purchase”, “purchase agreement”, “sales agreement”, or “binder”, according to location or jurisdiction. A contract in which a seller agrees to sell and a buyer agrees to buy, under certain specific terms and conditions spelled out in writing and signed by both parties.

Annual Percentage Rate (APR)
Includes quoted interest rate on the loan plus all additional service and finance charges associated with the loan. Includes all costs of financing; those paid at the time of closing and those paid over the term of the loan. The APR is usually slightly higher than the note rate.

Appraisal
An expert judgment or estimate of the quality or value of real estate as of a given date.

Assessed Value
The valuation placed upon property by a public tax assessor as the basis for taxes.

Bill of Sale
An instrument which transfers title to personal property (chattels); a “Deed” transfers real property.

Certificate of Title
A document signed by a title examiner or attorney, stating that the seller has a good marketable and insurable title.

Closing Statement (Settlement)
The computation of financial adjustments between buyer and seller as of the day of closing a sale to determine the net amount of money which buyer must pay to seller to complete purchase of the real estate and seller’s net proceeds. Also, “settlement sheets”, “HUD-1”.

Commission
Payment to a real estate broker for services performed.

Convey
To deed or transfer title of property from one person to another.

Deed
A formal written instrument by which title to real property is transferred from one owner to another. Also, “conveyance”.

Deed of Trust
Like a mortgage, a security instrument whereby real property is given as security for a debt. However, in a deed of trust there are three parties to the instrument: the borrower, the trustee, and the lender (or beneficiary).

Earnest Money
The money given to the seller by the potential buyer (usually held in escrow) upon the signing of the agreement of sale to show that buyer is serious about buying the house. Also, “deposit”.

Equity
The interest or value which owner has in real estate over and above the debts against it. (Sales Price – Mortgage Balance = Equity.)

Escrow
Funds, property, or other things of value left in trust to a third party. The escrow may be released upon the fulfillment of certain conditions or by agreement of the parties.

Fixture
What was formerly personal property which is now permanently attached to real property and goes with the property when it is sold.

Hazard Insurance
Protects against damages caused to property by fire, windstorms, and other common hazards.

Listing Contract
Between a homeowner (as principal) and a licensed real estate broker (as agent) by which the broker is employed to market the real estate within a given time for which service the owner agrees to pay a commission. Also, “listing agreement”.

Market Value
The highest price which a buyer, ready, willing and able but not compelled to buy, would pay, and the lowest price a seller, ready, willing and able but not compelled to sell, would accept. Basis for “listing price”, or “asking price”.

Market Price
The actual amount for which a piece of property is sold. Also, “sales price”, “purchase price”.

Mortgage
A lien or claim against real property given by the buyer to the lender as security for money borrowed.

Mortgage Note
A written agreement to repay a loan. The agreement is secured by a mortgage, serves as proof of an indebtedness, and states the manner in which it shall be paid. Also, “deed of trust note”.

P.l.T.I.
Principal, interest, taxes, and insurance. Most residential mortgage payments include the above and are therefore referred to as P.I.T.I. Also, “carrying charges”.

Points
Sometimes called “discount points”, a point is one percent of the amount of the mortgage loan.

Prepayment Penalty
Penalty for the payment of a mortgage note or deed of trust note before it actually becomes due.

Principal
This word has several meanings:
(A) to denote the most important;
(B) a capital sum lent on interest;
(C) one who appoints an agent to act on their behalf;
(D) either party to a contract.

Property Management
The operation of real property, including the leasing of space, collection of rents, selection of tenants, and the repair and renovation of the buildings and grounds.

Prorate
To allocate between seller and buyer their proportionate share of an obligation paid or due. For example, a prorate of real property taxes, fire insurance, or condominium fee.

Sales Associate
A person with a real estate license and associated with a specific real estate broker.

Survey
A map or plat made by a licensed surveyor showing the results of measuring the land with its elevations, improvements, boundaries, and its relationship to surrounding tracts of land. A survey is often required by the lender to assure a building is actually sited on the land according to its legal description.

Title
As generally used, a document that indicates rights of ownership and possession of a particular property.

Title Abstract
A summary of the public records relating to the title to a particular piece of land. An attorney or title company reviews an abstract or title to determine whether there are any title defects.

Title Insurance
Protects lenders and homeowners against loss of their interest in property due to legal defects in title.

Title Search or Examination
A check of the title records, generally at the local courthouse, to make sure the buyer is purchasing a house from the legal owner and there are no liens, overdue special assessments, or other claims.

Transfer Tax
State tax, local tax (where applicable), and tax stamps (in some areas) required by law when title passes from one owner to another.
Ask your Long & Foster Sales Associate for a copy of the “Understanding the Role of the Real Estate Agent” (LF1192, for use in the state of Maryland only);”A REALTORS® ROLE” (LF1193, for use in the state of Virginia only); or “The Agency Disclosure Brochure” (LF1195, for use in the District of Columbia only).

Home Buyers Guide

2007-12-03T20:27:00.001-05:00

Owning your own home is the American Dream. And that dream is more alive today than ever before. Experience has taught us that the buying process involves common stages for all home buyers. To help you understand that process, and make the most of every day and dollar you spend, Long & Foster®, Realtors® has prepared this Home Buyers Guide to provide an overview from the planning table to the closing. After all, helping you fulfill your home ownership dream is our business.

How Much House?
House hunting begins at home—with planning. The first step toward buying a house is to sit down. Before you grab the road maps and hit the streets, you need to do a little planning. We call it “pre-qualifying”. Simply, it’s determining how much house you can afford to buy. Knowing your affordable price range will bring your house-hunting into focus. Many lenders, for a small “up-front” fee, will send out all required verification and pre-approve you for a mortgage, allowing you the opportunity to negotiate as a cash buyer.

How much house you can afford to buy depends on two things: how much you can afford for the monthly housing payment, and how much you can invest in the down payment. Monthly payments include principal and interest on the mortgage loan, and property taxes and insurance against fire and other hazards. These four costs are often abbreviated “P.I.T.I.”. For some buyers and lenders, monthly housing costs may also include homeowners association dues, condominium fees, and mortgage insurance.

What To Look For
Choosing a place to live can be one of the most exhilarating experiences of a lifetime. We’ve learned through the thousands of home seekers we have helped that the best approach is to be prepared. Literally, to do some homework. Our observation is simple. Your move can be an improvement if you duplicate what you like in your present community and avoid what you dislike.

House Hunting Begins At Home
The search can begin in your present home so we’ve developed some questions to stimulate your thinking and help you identify your needs and preferences. Once you’ve clarified what you like in your present community, you will have a better idea of what you want to find. Plus, you will be able to express your preferences clearly to your Long & Foster Sales Associate who can help you find it.

Time to think about selling your home is when you’re buying it.” In other words, what appeals to you as a buyer today will probably also appeal (or what turns you off will be a turn off) to buyers tomorrow. A careful house hunter will benefit years from now when it’s time to sell to an equally value-conscious buyer. Build your buyer savvy by reading newspaper classified ads, homes-for-sale magazines, REALTOR® Web sites and visiting open houses.

Negotiating The Purchase
You've found it - your "dream house"! You want to buy it. Now what? You make an offer by submitting a signed real estate offer to purchase with the type of financing you desire.
This will be the sales contract once the seller accepts. When you and the seller sign, you are agreeing to the contract conditions. Before you sign it, read it carefully and make sure you understand every detail. Ask questions. Verbal agreements should be written into the contract. If you plan to have a lawyer represent or advise you, retain one as early as possible. This is where your Long & Foster Sales Associate and an attorney can give you the assistance you need.

Locating The Right Loan
You have the option of shopping around for the best terms you can obtain. Generally, a mortgage acceptance requires 15-30 days for conventional, 30-45 days for VA and FHA from application to approval. In some cases, loans may be approved more quickly. Long & Foster has an affiliated mortgage company— Prosperity Mortgage® Company.

Fire And Hazard Insurance
Most lenders require a home buyer to provide at settlement a one-year paid receipt for a fire and hazard insurance policy, often called homeowner’s insurance. These policies are available from several leading insurance companies through Long & Foster's Insurance Agency, Inc., or the insurance company of your choice. Fire and hazard insurance provides protection for fire and other perils to your home and its contents.

The big day is here!
Tonight you can pop open the champagne, but today there will be a lot of paper signing and a poignant passing of the keys (don’t forget the garage keys and electric door opener, too).

At the settlement will be an attorney or title company representative (chosen by the buyers), all buyers, listing and selling brokers, and all owners. The home seller should bring all warranties on equipment and any instructions on equipment maintenance or operation.

The attorney will have searched the title, provided title insurance, and obtained old and new lender instructions. First, all unresolved walk-through deficiencies are resolved.

With the buyer, the attorney explains the deed of trust or mortgage; the deed of trust note or mortgage note; VA, FHA, or lender forms; and settlement sheets. Buyer signs all these and pays the balance of the down payment and buyer’s closing costs with cashier or certified check.

Different Mortgage Strategies
When it comes to paying for a home, buyers today have an almost unlimited number of financing options from which to choose.

Here’s a run-down on the main types of financing every home buyer should know today. Interest rates are intended for illustration only; ask your Long & Foster Sales Associate or loan officer from Prosperity Mortgage Company, a Long & Foster affiliated company, for current market rates.