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First Time Homebuyers: Washington, DC, Chevy Chase and Bethesda Maryland home buying, real estate listings, and homes for sale in Montgomery County, MD

Welcome > For Buyers > First Time Homebuyers ...

Buying Your First Home? Realtors Are Your Professional Guides. Make Sure You Choose a Top Expert.

Email us for the most up to date information on the First Time Home Buyer Tax credit, hurry, you must settle on your home by December 1st, 2009!

You might be a bit afraid or intimidated at the whole process of buying your first home. As a top Washington, DC, Chevy Chase and Bethesda real estate expert, it's our job to guide you, from beginning to end.

Your Buyer agent will take the time to go through each and every step of the buying process. There are no dumb questions!

Together, we will consider:

- How much can you really afford?

- How to qualify for a mortgage.

- How much cash you should put down.

- How to buy a home with little or nothing down.

- What it takes to get approved for financing. What banks and other financial institutions are looking for.

- How much your payments will be.

- The tax advantages of buying.

- Is renting or buying better for you?

Tell us a bit about your situation below. We'll get right back to you. There is absolutely no charge, and we offer this to you with no strings attached. Please fill out the form below...

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Making An Offer >Keeping Your Earnest Money Safe

When you make an offer on a house, it is accompanied by an earnest money check. Earnest money is intended to demonstrate that you are "in earnest" about purchasing the property. The earnest money check is made out to the listing company. What happens to this check?

The party holding the check acts as an escrow agent until you go into closing. At that time you will receive credit for the amount of your check against the down payment and closing costs. Real estate brokers are required by law to keep escrow funds in a special account. These funds cannot be used to pay any other expenses associated with the sale. If you don't complete the transaction, the purchase contract determines the disposition of your earnest money funds. Be sure to review this part of your contract with the real estate agent.

If you are in default on your agreement, the funds may go to the sellers, so be sure that you understand the deadlines in order to avoid breach of contract and forfeiture of your deposit. If you have any questions, be sure to ask your real estate agent for advice.

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Melinda Estridge, REALTOR�, real estate agent and broker for Washington, DC, Chevy Chase and Bethesda Maryland home listings, property and land for sale - NUMBER1EXPERT(tm)

Melinda Estridge
Long and Foster Realtors Bethesda
4650 East West Highway
Bethesda, MD. 20814
Phone: 301-215-6837
Fax: 301-951-7668
Email: melindaestridge@NUMBER1EXPERT.com
Melinda Estridge is in the TOP �% of all Realtors in America with over 200 million in Sales. She brings her clients over 20 years of experience. Her service, reputation, and professionalism are well respected. Real estate and homes for sale in Bethesda and Chevy Chase Area of Maryland and Washington DC are her speciality.

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