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Chevy Chase was unincorporated farmland in the years before 1890. Primarily a suburban city near Friendship Heights located in Montgomery County MD

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Chevy Chase Maryland Homes

Ready to Buy A Home? This is The First Thing You Should Do?

admin — Wed, 02 Nov 2011 13:56:31 +0000

Tips & Information to do prior to shopping for your home.

In order to prepare our clients before a major purchase like buying a home, we prepare them to be ready.

This is the number one step everybody should take prior to purchasing a home.

The first thing you should do before you go shopping with an a real estate agent for your new home is to get a copy of your credit report and credit score!

As simple as this is, many people miss it.

You can easily obtain a copy of your credit report and score from one or all of the three credit bureaus:

Here is their contact information. .

TransUnion, P.O. Box 2000, Chester, PA. 19022,800-888-4213,www.transunion.com

Equifax, P.O. Box 740256, Atlanta, GA. 30374, 877-784-2528 ,www.equifax.com

Experian, P.O. Box 2104, Allen, TX. 75013, 888-397-3742 ,www.experian.com

Or you may even consider calling us and ordering all three in one credit report to see what each credit bureau is reporting about you.. . we do this for you at no charge.

We will help you review your credit report for any potential problems that needs to be cleared up before you start shopping for your home. You don’t want any surprises when you complete your home loan application. So, it’s important to be proactive about getting your credit report first.

As you have secured your credit report, the next step for you to consider when preparing to purchase a home is to get pre-approved for your home loan. That’s right, get pre-approved for your home loan not pre-qualified, there’s a big difference.

We get you in contact with the right people to get this simple process done. There is no need for you to call every add or postcard from loan officers.. .we already work with the best people out there. We better or our business suffer. . that is the value we provide our client base.

Getting fully-approved for your home loan before buying gives you the upper hand. .it means that you have obtained approval from your chosen lender to pay a certain amount for the home you are about to purchase.

If you’re interested in purchasing a home now, it is normally recommended that you have your own buyer’s agent representing your own interests and not the agent who represents the other side. .the seller!

Let me humbly offer you our services to you. Our professional buyer agents we have in Herboso & Associates are eager to find someone like you to WOW them with our services.

Thanks,

Fernando Herboso (Broker)

Herboso & Associates

www.ReallyNiceHomes.com

267 Kentlands Blvd

Gaithersburg , MD 20878

O: 301-916-0655

C: 240-426-5754

This is a Little Extra We Do for ALL OUR SELLERS

admin — Mon, 31 Oct 2011 19:12:25 +0000

We noticed that one of recurrent complaints between listing agents
and homeowners during selling is a lack of communication

Our listing clients do not have that problem. . .

We believe that a coordinated weekly communication is the key

We don’t just tell you what you want to hear. .

We’ll tell you HONESTLY what is happening and in some cases what may happen. .

We want you in the loop,. . Because we need your help so we can help you.

HERE’s A SAMPLE WEEKLY REPORT ALL OUR LISTING CLIENTS RECEIVE EVERY MONDAY MORNING!

It’s is all about turning the tides in your favor after all. . .

The sale of your property depends in careful planning . . . everything we do has a meaning. .

We position your property for the most exposure

AS THIS REPORT SHOWS. . .

Who is looking at your property?

What are they saying?

How can we sell it in the dark with no feedback?

How many eyes are on your property?

If you would like to experience this while selling your property,

Please contact us. . .we aim to please. . I can assure you that

And More Importantly. .

WE GET RESULTS!

Get Started by Clicking Here. . and let us do the rest

NEW OBAMA PROGRAM for UNDERWATER HOMEOWNERS IN MARYLAND – The Home Affordable Refinance Program (HARP)

admin — Wed, 26 Oct 2011 16:09:40 +0000

The Home Affordable Refinance Program (HARP) has come up with a series of changes in an effort to help more eligible borrowers who can benefit from refinancing their home mortgage.

This new program has its limitations and it is not for everyone.

The most important factor that will affect to a lot of my clients is that:

If you are behind on your mortgage payments, this program is not for you…
you must be current with your monthly payments to your bank!

The following was taken directly from their official announcement

What is the purpose of this new program?

Eliminating certain risk-based fees for borrowers who refinance into shorter-term mortgages and lowering fees for other borrowers;
Removing the current 125 percent LTV ceiling for fixed-rate mortgages backed by Fannie Mae and Freddie Mac;
Waiving certain representations and warranties that lenders commit to in making loans owned or guaranteed by Fannie Mae and Freddie Mac;
Eliminating the need for a new property appraisal where there is a reliable AVM (automated valuation model) estimate provided by the Enterprises; and
Extending the end date for HARP until Dec. 31, 2013 for loans originally sold to the Enterprises on or before May 31, 2009

Which borrowers may be eligible for an enhanced HARP?

The borrowers must meet the following criteria:

The mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae.
The mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009.
The mortgage cannot have been refinanced under HARP previously unless it is a Fannie Mae loan that was refinanced under HARP from March-May, 2009.
The current loan-to-value (LTV) ratio must be greater than 80%.
The borrower must be current on the mortgage at the time of the refinance, with no late payment in the past six months and no more than one late payment in the past 12 months.

What about borrowers whose loans are not owned or guaranteed by Freddie Mac or Fannie Mae?

This only applies for loans owned or guaranteed by Fannie Mae or Freddie Mac

What should be your first step if you think you qualify for this program?

Call your lender immediately and ask for this program by name.

How can I tell if my loan is owned or guaranteed by Fannie Mae or Freddie Mac?

Simple, just go here to find out:

For FANNIE MAE

For Freddie MAC

My Thoughts:

This is not the magic bullet that homeowners in distressed are looking for.

But it’s a start in the right direction.

If you can qualify for this program, you should take the steps necessary to take advantage right away.

I encourage you to call your lender now.

To my clients that are behind in their mortgages payments and we are helping you in a short sale. . This new program does not change the fact that still. . a short sale could possibly be your best option when your property’s value is so much higher than what you owe to the bank.

Mortgage Interest Rates Are at Historic Lows….What Else is New?

admin — Mon, 15 Aug 2011 20:11:52 +0000

Bad Market?

Good Market?

(What everybody sees may not be true in the Washington Metropolitan Area)

Good Reasons Why It’s the Best of Times

To Buy an Investment Property Today!

Reason #2:

Mortgage Interest Rates Are At Historic Lows.

Not only the inventory is there but you may get one of the lowest interest rates you could have in the last 40 years.

It’s not a secret that banks have adjusted their criteria to lend money. .but if you qualify and are able to buy, you are in for a treat!

Interest rates are below 4.5% in some cases for owner occupied home as of August 2011.

Why?

This is the lowest rate on the 30-year fixed in many years, As I write this, I checked it and I could refer you to someone that offers a low rate of 4.42 percent in today’s market.

It almost defies comprehensibility. . Why are we not selling every single property that could be purchased with a monthly payment that is possible LOWER than a rental payment for the same property?

You can possible purchase hundreds of properties right now that could accomplish this goal.

Buy them and have an INSTANT POSITIVE CASH FLOW the very first month!

Here in Montgomery County Maryland we find several condos that are priced insanely below this benchmark for an instant positive cash flow.

The best of news is that:

Are you ready? .

There is an unprecedented influx of new renters in the market right now and rental rates for the near future are on the rise.

Specifically. .

Our area has a lot of service jobs, restaurants, cleaning, and construction. .etc.

These people are at the bottom of the hourly wages in our area and only have two choices,

To move away from the area and have a long daily commute to come to work. .

Sacrifice size for convenience and just rent a cheap condo close by the Metro or Bus Stop

Remember how much a gallon of gasoline costs these days? . . . what choice do you think will make more sense to these workers?

Are you ready to provide housing for them plus have a nice monthly positive cash flow to compensate your social security check?

Let me share with you the perfect plan. .the one we used to create a $1000 per/month positive cash flow for a retired couple. They are ecstatic about this. . and the prospects for this money to grow more and more as time passes goes hand by hand how much rents will increase in the next few years. .

Question?

Do you think rents will increase in the next few years because of the displacement of families’ trough foreclosures and short sales?

The answer maybe . . . just the answer to this question. .

Should You Buy Investment Properties Now?

You make the call. . . 240-426-5754

To receive a list of possible investment properties, including foreclosures, HUD Properties, Action Properties and Short Sales Just go to:

Read other reasons why you should buy an Investment Property Today

Reason #1: Purchasing Pre-Foreclosures

Reason #3: Future post

Reason #4: Future post

Reason #5: Future post

Fernando Herboso is broker for Herboso & Associates LLC

A company that specializes in Distressed Properties in located in Montgomery County Maryland

Serving Montgomery, Frederick and PG Counties.

5 Good Reasons why it’s the Best of Times to Buy an Investment Property Today!

admin — Mon, 15 Aug 2011 18:13:07 +0000

Bad Market

Good Market

(What everybody sees may not be true in the Washington Metropolitan Area)

Good Reasons Why It’s the Best of Times

To Buy an Investment Property Today!

Reason #1:

The pre-foreclosure process has never offered so many opportunities like today.

With thousands of homeowners in the Maryland Region that are behind on their notes and at the brink of a foreclosure. A short sale offers the opportunity to help homeowners avoid a foreclosure and for the investor to have a property at a major discount with virtually no competition.

With the assistance of a knowledgeable Real Estate Agent that specializes in Distressed Properties, securing a property could be a very easy process.

The caveat is finding someone that has access to all these pre-foreclosures and how to approach the homeowner with a win-win situation.

There are many things to be considered like:

What are you investment objectives?
Do you want to rent it out?
Do you want to flip it?
Are you paying cash?
Should you pay ALL CASH instead of using the money to buy 3 or 4 more properties?

All these questions and more should be addressed with the agent you choose to represent you.

Just be sure to pick the right person and the right property.

To receive a list of possible investment properties, including foreclosures, HUD Properties, Action Properties and Short Sales Just go to:

Read other reasons why you should buy an Investment Property Today

Reason #2: Future post

Reason #3: Future post

Reason #4: Future post

Reason #5: Future post

Fernando Herboso is broker for Herboso & Associates LLC

A company that specializes in Distressed Properties in located in Montgomery County Maryland

Serving Montgomery, Frederick and PG Counties.

Our Weekly Newsletter 07/08/2011

admin — Fri, 08 Jul 2011 19:02:45 +0000

If the glove don’t fit, you must acquit”

The un-Funnies. .

If the glove don’t fit, you must acquit”

If the car stink.. .you must think!

“What duct tape? “

Party Celebration tonight @ Mandini’s . .for another unsuccessful search for my daughter..BYOB

It was a pool accident! I wanted to hide it and made it look like I killed her!

Enough said!

*************************

The 6 Surprising Money Savers Hiding in your House

Use cheap coffee filters instead of paper towels.

Paper towels are ridiculously expensive. Many people have moved to cleaning with old washcloths or a sponge, and that is certainly a great alternative. However, I am one of those people who prefer to throw away things I have used to wipe the toilet. If you are like me, try using cheap coffee filters. They clean better than paper towels (especially mirrors), and are way cheaper.

Read the rest. .

CLICK HERE

Accelerate your Retirement– Excellent Window of Opportunity

We are set up with a number of new lenders so please email us if you are interested on this. .

We have a few lenders that will do loans with very little down. . that can also connect you to some grant programs!

A few weeks ago, I closed on a property for an investor on a $115,000 condo that was rented out literally the same day for $1300 per month. Investor paid cash in this case, instantly adding nearly $1000 per month income after taxes and condo fees!

A $1000 per month that will never ever go down. . .on the contrary, the rental market is experiencing incredible growth these last few months. . more people prefer to rent than own a home these days. .

A $12,000 per year income and it isn’t even taking into account future appreciation on the unit once the market turns around!!

Although in this case, it was proper to use cash and pay for this condo. ..but the opportunity is there for you to have huge returns using “other people’s money” to invest in real estate.

Using the tenant’s rent payment to cover the mortgage payment can certainly accelerate your retirement plans.

What about buying 10 condos this way!!

or..you can keep your money and earn 1.5% per year in a secure bank savings account. . .you make the choice!

Get started now. . .here are some condos perfect for this plan. .

CHECK IT OUT!

“A Short Sale Enhances Your Family Relationship. . . Together “

I would guess that in over 50% of short sale listing presentations I attended. . someone ended up crying at the table.

Lets face it, a short sale event inside a family circle is a huge event. .

Sadly, I see that in many cases a divorce is the final result.

People seems to use an underwater mortgage to make other final decisions about their marriage and unfortunately the children are left with one single parent and the threat of being homeless.

Read the rest HERE

________________________________________

Quote Of The Week:

Look at the quality of your relationships. ..

Look at the quantity. .

That’s the report card we get in this life as we grow older

Your relationships are reflections on yourself

Not your enemies!

Don’t ever break the trust of someone that loves you for your own indulgences

L.Thomas Pierson~

A little taste of our services. . .

Is a Short Sale An Option For You?

Our real estate knowledge is always up-to-date. For expertise you can depend on, call on us when you have questions about the market or are ready to make a significant move. . .Quality representation is not expensive, its priceless!

Thanks for reading,
Fernando Herboso

240-426- 5754

Broker for Herboso & Associates

Carlos Herboso

240-671- 5542

Foreclosure Buyer Specialist

Maryland, DC and Virginia — Intelligent Real Estate

www.ReallyNiceHomes.com

Beware of Being Fooled By Home Staging

admin — Thu, 09 Jun 2011 19:01:38 +0000

I’m a buyer’s agent and I my clients mean everything for me. .

It’s my job to inform you, to protect you and turn off the BS from all the listings out there so you can make an informed decision.

According to a report I just read today, it is too easy to be fooled by home staging. Home staging is a term that we are gradually becoming familiar with. It is the idea that we try to create the best impression of our home when selling the house. It used to be just run the vacuum over it and do the dishes but nowadays there is a whole set of rules to follow!

Home staging is like when a woman applies heavy make-up to cover up any imperfections for a “better appearance”

Don’t take me wrong, I love and appreciate how women present themselves at all times . . . but the reality is:

The idea is, that a staged home stands out from all the others and therefore gets sold more quickly.

It certainly can be carried to extremes with reports of sellers hiring storage units to cart their junk off to.

Larger items of furniture are encouraged to be put into storage by professional ‘home stagers’ so that the house looks bigger and more spacious

Other instructions a seller has from their stagers. . is to remove anything personal like photographs, so that the prospective buyer can visualize the house as their own.

Closets are de-cluttered so that they look more spacious and all bathroom paraphernalia is supposed to be gone from the counter top!

Garbage bins are even removed and hidden from sight.

The National Association of Exclusive Buyer Agents (NAEBA, who solely represent buyers in the realty business) has suggested that as much as 82% of buyers are sidetracked from the important issues by a well-staged house. This organization also concedes that home staging nets more cash and faster sales – so it really works!

Some of the underhand tricks used in staging can include using smaller furniture to make a room look larger, placing rugs over damaged parts of the floor, or using curtains to hide rotting sills. Also specified is the practice of putting a cheap paint job on to cover defects.

Your Realtor is legally obligated to let you know of any defects, but only if he actually knows about them!

Buyers are urged by me to be cautious and to remember that when the house is sold, the stage is taken away.

The tricks of home staging do not improve the floor plan, or the square footage of the home or the quality of the neighborhood, and these are the qualities that you will be re-selling at a later date.

I know I’ll step in many toes with this article . . .but I call it as I see it

I have seen many beautiful homes that transformed once all the STAGING is removed.

REALTOR® is a trademark of the NATIONAL ASSOCIATION OF REALTORS®.

Carlos Herboso for

Herboso & Associates llc

Cell 240-671-5542

Fax: 888-913-353

Office 240-898-1848

Carlos@ReallyNiceHomes.com

www.ReallyNiceHomes.com

What my Clients are saying about me:

Carlos,
My husband and I wanted to thank you for the help in purchasing our new home. After 3 weeks of being in the house we can still not believe one of our biggest dreams come true. From start to finish you were professional, confident and informative. We truly believe if if were not for your knowledge and experience we would not be in our dream house. There is no greater reward than knowing you helped placed a family in a great neighborhood. Carlos we thank you so much and will enjoy working with you as buy and sell in the future. With lots of love the Chughtai family.

Carlos: Receiving these notes to my attention from your clients makes me wonder if you have some kind of potion to woo them over. . .but I realize that is not a potion but simple honest diligence and care for your clients. . I’m very proud to be associated with you!

Fernando Herboso . .Broker for Herboso & Associates

Should You Invest In A Hud Home ?

admin — Tue, 22 Mar 2011 00:58:15 +0000

Hud homes may not be a good investment strategy because when new investors think about buying bank foreclosures, they think of is hud homes. Competition in this case is your enemy. . This creates a lot more demand for these foreclosed foreclosures among investors

The increased demand drives up the price and some novice investors tend to get wild and buy based on emotion instead of logic because they "just want to get their first deal".

If you pay too much for a property, you will lose your shirt on the deal. That’s why it important to have an experienced person at your side. Someone that will reason with you based on hard data and not emotional aspects of the property.

Short Sales are a great way to guarantee that you won’t overpay for properties. If you are wondering "what is a short sale "or are wondering what the "definition of a short sale is:

Simple, a short Sale is when the lender accepts less than what is owed on a mortgage and allows the homeowner to sell it at market or below market value.

Pre-foreclosures and basically Short Sales and they are are extremely easy to find them right now.

There aren’t enough investors out there to handle all of the deals in the Maryland market. That’s why we are on a mission to give you with all of the resources you need so you can go out there and take advantage of all the short sales and foreclosures in todays market.

Did you know that it costs a bank a minimum of $30,000 to foreclose a property?

On a short sale, they would rather take a discount on the mortgage and get that bad debt off their books so they can close their books and lend out more money.

You as an investor are the solution for them.

We are HIGH on short sales. . .in general we are seeing the best prices out there with less competition

To get started simply go to www.Herboso.com and allow us to do the rest for you. .

Fernando Herboso| Carlos Herboso

     (Short Sales )                           (Foreclosures)

www.HERBOSO.com

"Your Montgomery County Foreclosure Connection"

Our real estate knowledge is always up-to-date. For expertise you can depend on, call us when you have questions about the market or are ready to make a significant move. . .

"Quality representation is not expensive, its priceless! "

We are THE EQUALIZERS for regular buyers out there competing with professional investors

We are specialists in Foreclosures & Short Sales

Herboso & Associates llc

www.ReallyNiceHomes.com

www.Short-Sales-Expert.com

Office 240.898.1848

Fernando’s Cell   240.426.5754

Carlos’s Cell   240.671.5542

Fax   888.913.3535

ReallyNiceHomes.com » Real Estate Tips

A Sample of Really Nice BRAND NEW TOWNHOUSES for sale for Aspen HILL – Maryland 20906

Really Nice Homes In Chevy Chase – Maryland 20815

Ready to Buy A Home? This is The First Thing You Should Do?

This is a Little Extra We Do for ALL OUR SELLERS

NEW OBAMA PROGRAM for UNDERWATER HOMEOWNERS IN MARYLAND – The Home Affordable Refinance Program (HARP)

Mortgage Interest Rates Are at Historic Lows….What Else is New?

5 Good Reasons why it’s the Best of Times to Buy an Investment Property Today!

Our Weekly Newsletter 07/08/2011

Beware of Being Fooled By Home Staging

Should You Invest In A Hud Home ?

Fernando Herboso| Carlos Herboso

(Short Sales ) (Foreclosures)

www.HERBOSO.com

"Your Montgomery County Foreclosure Connection"

Our real estate knowledge is always up-to-date. For expertise you can depend on, call us when you have questions about the market or are ready to make a significant move. . .

"Quality representation is not expensive, its priceless! "

We are THE EQUALIZERS for regular buyers out there competing with professional investors

We are specialists in Foreclosures & Short Sales

Herboso & Associates llc

www.ReallyNiceHomes.com

www.Short-Sales-Expert.com

Office 240.898.1848

Fernando’s Cell 240.426.5754

Carlos’s Cell 240.671.5542

Fax 888.913.3535