All Forum Posts by: Chin P.

@Jeff Brown Baltimorereia.com. The BWI Meetup is also good and can be found on Meetup. I’ve seen things being offered by MREIA, but haven’t had a chance to attend meetings like the first two, so can’t speak to MREIA personally like o can for Baltimore REIA or BWI Meetup.

@Russell Brazil.  Thanks for the thoughts Russell.  I'm dubious like you that forcing a "buyer's agent" to represent the various sellers on each and every house shown when there is no written agreement between buyer and his agent is somehow "protecting" the buyer, but it's always a plus to understand how the relationship is intended to work.  If the legislature wanted to mandate agreements, they should have just done that.  

Thanks Russell Brazil Any thoughts on what the reasoning behind the change in the first law? Seems pretty backwards from a buyer's perspective that the dozens of buyers agents walking their buyers through a property are representing some seller they may never met before just because a formal agency agreement hasn't been signed between buyer and his agent. Just curious and trying to understand the rationale. Thanks. "Now if an agent shows you a property, and you do not have a written agency agreement with the agent, then they are representing the seller."

Typed too quickly. Let me be more specific. The expense really depends on how much in and on the house has lead paint. By referencing the age of the house in my last post, I meant that the older the house, the more likely there is more stuff with lead paint and hence more expensive. You won't know until you get the house tested, but age of the house is something to consider when you're looking at houses in terms of lead paint

Julie Hassett Julie, Lead free is the way to go in my opinion. Depends on the age of the house whether it's going to be more or less expensive.

RJ Nickson Don't think you've included enough details for anyone to provide much meaningful comments. Maybe if you explained the deal and the strategy a bit more.

Abdul Azeez Think Wayne Brooks response was dead on. Learn how to estimate costs yourself, at least to a point where you're comfortable closing or pay someone. Build in a buffer for your estimate. The worst you are at estimating, the bigger the buffer needs to be. It is less likely someone is going to offer their services for free in terms of the time to do a walk through and cost estimate unless there's some incentive for them. You've locked up the house and it's during the inspection period, it's much more likely you'll actually own the place as opposed to a house you're merely bidding on. You get a referral like you did from your realtor and you're borrowing his or her social equity with that contractor, then I can see the contractor doing a one off. You have a pre-existing developed relationship with someone, that person might be willing to go the extra mile if you use that benefit sparingly. So go network. There are a bunch of other scenarios where someone might walk through without the charge (call 20 guys and someone may bite for a free walk through and cost estimate), but it's up to you to develop that scenario and it's unlikely to be the random contractor called off of the internet. Good luck

@Jason Noah Choi

I get asked for proof of funds all the time.  In the beginning I wonder like you did about showing more funds than my offer.  I got over that quickly and for convenience and ease just keep showing the same proof of funds for all my offers.  

Really nice job, thanks for sharing

Thank you for the reminder Kim Coleman .