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Financing Your Home >Finicky Financiers
Buying an old house to fix up has an attraction for many people. If you can find a house with charm and character, a renovation may enable you to create just the living environment that you want. You should start with a good real estate agent to help you locate the right house and recommend lenders who make both acquisition and construction loans.
Financing a renovation is perhaps the most difficult part of the whole project, especially if the house needs extensive work. Few banks will make these loans to people who are not professional developers. You should prepare for your loan application by having a written proposal. It helps to have an engineer's report or architectural plans and to include estimates from contractors covering the costs and timetables for the work to be done. Your real estate agent can help you put together a market analysis of the neighborhood to show that you will not be over-improving the property compared with other homes in the area.
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What structure is regarded as the best surviving example of Pennsylvania Dutch architecture?
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| A |
The Georg Muller House in Milbach, PA, built in 1752. |
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Hope and Eric Peek
RealtyForce
8717 Susanna Lane
Chevy Chase, MD. 20815
Phone: 301-656-2690
Hope Cell: 301-728-7234
Eric Cell: 301-728-7426
Fax: 301-656-2703
Email: hopeandericpeek@NUMBER1EXPERT.com
We have been Realtors for over 20 years; Eric got his licenses in 1986, and Hope got her licenses in 1988. We were married in 1997 and have worked as a team with RE/MAX Realty Services from 1997-11/2008.
We wanted to offer more personal service to our clients and moved to RealtyForce in Bethesda in the beginning of November 2008. We have lived in Chevy Chase for just about 10 years and we are your neighborhood Realtors. With a smaller company, we have an advantage of being able to pass on some of the savings directly to the client. For example, we do not charge any extra administrative fees that many larger companies charge.
We are licensed in all 3 jurisdications DC/MD/VA. Hope has her Graduate Realtor Institute (GRI) designation and both of us have our Certified Residential Specialist (CRS) designations. We cover a large geographic area, since we were individual Realtors first for 9+ years before we were married. One of us is always available to help you with any of your Real Estate needs. We have a large list of contacts such as home improvement contractors, lending institutions, home inspectors, and network with many buyers, sellers and Realtors. Hope and Eric are graduates of the University of Maryland. Our enthusiasm, energy and knowledge of Real Estate assure you that you are working with the right Realtors.     
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