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2007 Vermont Ave NW Washington, D.C. 20001
OFFER INSTRUCTIONS
Dear Agents, Thank you for taking the time to prepare an offer for our listing. To ensure that we have all the information we need to present your offer to the seller and provide you with a timely response, we ask that you include the following with your offer:
1. Regional Sales Contract 2. Addendum of Clauses 3. Montgomery County Jurisdiction Addendum 4. Property Disclosures (attached) 5. Buyer’s Financial Information Sheet (attached) 6. Pre-Approval Letter from Lender 7. Copy of Earnest Money Deposit Check
Preferred Closing Date: Within 30-45 Days of Offer Acceptance. Preferred Title Company: KVS Law Group - $500 Discount to Buyer Preferred Delivery: E-mail: [email protected]; or
Hardcopy: 2007 Vermont Ave NW; or
Fax: 202.318.2268
PROPERTY DETAILS: Seller: Gabrielle M. Fagan Address: 2300 Colston Drive, 102, Silver Spring, MD 20910 Tax ID: 161302189476
MARK MEYERDIRKDirect: 202.489.6150Office: 202.319.1303Email: [email protected]: http://UrbanBrokers.com
Welcome home to this tastefully renovated one bedroomcondo in Rock Creek Village. This highly sought after floorplan boasts a formal entry foyer, spectacular kitchenrenovation, expansive living room and dining area, largebedroom, updated bathroom, and beautiful garden views.The top-to-bottom kitchen renovation includes all newcabinetry, new appliances (refrigerator, gas range, and built-inmicrowave), and the addition of a breakfast bar! Thebathroom has also been updated to include a new toilet, newshower faucet, re-enameled bathtub, and new flooring.Neutral paint colors, beautiful hardwood floors and theattractive finishes make this a turn-key home.
2300 COLSTON DRIVE #102 • SILVER SPRING, MD 20910
Information Deemed Reliable, but not Guaranteed.
URBAN BROKERS, LLC2007 VERMONT AVE NWWASHINGTON, DC 20001
(202) 319-1303
MARK MEYERDIRKDirect: 202.489.6150Office: 202.319.1303Email: [email protected]: http://UrbanBrokers.com
Size: 723 square feet
Fee: $381/month
Taxes: $2,086 (2012 estimate)
Fee Includes: Utilities, Master Insurance, Common
Area Maintenance, Trash Pickup,
Management
Pet Policy: Pets allowed
Metrorail: Approximately 1 Mile to Silver Spring
FEATURES & AMENITIES
Financial Information Sheet
This information is presented with the understanding that it may be used as a basis for the acceptance of a contract by the seller. The undersigned hereby authorizes theagent to disclose to the seller, seller's agents, dual agents, cooperating agents and any lender all or any portion of the information sheet. Any misrepresentations,fraudulent entries and/or omissions on this form, which may adversely affect the Buyer's ability to qualify for a loan, may be used as a basis for legal action.
Buyer (Full Name)
Residence Phone Business Phone Other
Present Address
Years at Present Address Own $ PITI or Rent $ Per Month
Previous Address
Occupation (Position & Title)
Place of Employment (Name & Address)
Previous Employer (Name & Address)
# of Years
# of Years
Co-Buyer (Full Name)
Residence Phone
Present Address
Years at Present Address
Previous Address
Occupation (Position & Title)
Place of Employment (Name & Address)
Previous Employer (Name & Address)
Business Phone Other
Own $ PITI or Rent $ Per month
# of Years
# of Years
GROSS ANNUAL INCOME:
Base Salary:Overtime:Bonuses:Commissions:Dividends:Net Rental Income:Other:
TOTAL
$$$$$$$$$
$$$$$$$$$
Buyer Co-Buyer
Buyer self-employed? Co-Buyer self-employed?Yes No Yes No
Are all buyers First Time MD Home Buyers?*See Below for details
Yes NoDo all Buyers intend to occupy this property?
Yes No Details:# of DependentsDetails:
ASSETS:
Present Residence (if owned):Checking
Savings
Credit UnionStocksOther Assets: (Specify)
Mkt. Value $ Mtg. Balance(s) $ Lender(s)$$$$$
BankBankBankBankBank
$ Bonds $ Life Insurance-Cash $ Face Value $
©2005 The Greater Capital Area Association of REALTORS®, Inc.This Recommended Form is the property of the Greater Capital Area Association of REALTORS®, Inc. and is for use by members only.
Previous editions of this Form should be destroyed.
GCAAR Form # 1337 - MC & DC 11/05
Phone: Fax:
Produced with ZipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com
Page 1 of 2(Previously Form #1504)
Urban Brokers LLC 160118th St NW Ste 1, Washington DC 200092023191303 2023182268 Urban Brokers, LLC Bank Offer.zfx
LIABILITIES: (Outstanding obligations including auto, mortgage(s), credit card(s), personal loan(s) and/or cosigned loans and all other obligations.)PayoffDate
# of PaymentsRemainingType Creditor's Name Unpaid Balance Monthly Payment
$ $$ $$ $
TOTAL $ $Additional Monthly Obligations: Alimony $ Child Support $ Child Care $
USE REVERSE SIDE FOR DETAILS OR ADDITIONS
Has any buyer ever declared bankruptcy? Yes No If yes, explain on reverse side.Are there any outstanding judgments, lawsuits or tax liens current: Yes No Amount $(If yes, use reverse side for details.)Are you aware of any factors or conditions that could adversely affect any buyers ability to obtain a mortgage loan? Yes No(If yes, use reverse side for details.)Is any part of the down payment or settlement costs being obtained from a source other than from assets listed above? Yes No(If yes, use reverse side for details.)
I (we) certify that I (we) are over the age of majority and that the above information is true and accurate to the best of my (our) knowledge and by my (our) signature(s)acknowledge receipt of this financial information sheet.
Buyer Co-Buyer
Date Date
First-time Maryland home buyer means an individual who has never owned in the State, residential real property that has been the individual's principal residence,which will be occupied by the buyer as the buyer's principal residence. The buyer can also be a co-maker or guarantor of a purchase money mortgage or deed oftrust so long as the co-maker or guarantor will not occupy the residence.
Produced with ZipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com
©2005 The Greater Capital Area Association of REALTORS®, Inc.This Recommended Form is the property of the Greater Capital Area Association of REALTORS®, Inc. and is for use by members only.
Previous editions of this Form should be destroyed.
GCAAR Form # 1337 - MC & DC Page 2 of 2 11/05(Previously Form #1504)
Bank Offer.zfx
Understanding Whom Real Estate Agents Represent
Before you decide to sell or buy or rent a home you need to consider the following information:
Agents Who Represent the SellerSeller's Agent: A seller's agent works for the real estate company that lists and markets the property for the sellers orlandlords, and exclusively represents the sellers or landlords. That means that he or she may assist the buyer or tenant inpurchasing or renting the property, but his or her duty of loyalty is only to the sellers or landlords. The seller pays theseller's agent's fees as specified in a written listing agreement.
Cooperating Agent: A cooperating agent works for a real estate company different from the company for which the seller'sagent works. The cooperating agent can assist a buyer or tenant in purchasing or renting a property, but his or her duty ofloyalty is only to the sellers or landlords. The cooperating agent's fee is paid by the sellers or landlords through the seller'sagent's company.
Agents Who Represent the BuyerPresumed Buyer's Agent (no written agreement): When a person goes to a real estate agent for assistance in finding ahome to buy or rent, the agent is presumed to be representing the buyer and can show the buyer properties that are notlisted by the agent's real estate company. A presumed buyer's agent may not make or prepare an offer or negotiate a salefor the buyer. The buyer does not have an obligation to pay anything to the presumed agent.
If for any reason the buyer does not want the agent to represent him or her as a presumed agent, either initially or at anytime, the buyer can decline or terminate a presumed agency relationship simply by saying so.
Buyer's Agent (by written agreement): A buyer or tenant may enter into a written contract with a real estate agent whichprovides that the agent will represent the buyer or tenant in locating a property to buy or rent. The agent is then known asthe buyer's agent. That agent assists the buyer in evaluating properties and preparing offers, and negotiates in the bestinterests of the buyer or tenant. The agent's fee is paid according to the written agreement between the agent and thebuyer or tenant. If you as a buyer or tenant wish to have an agent represent you exclusively, you must enter into a writtenbuyer agency agreement.
Dual AgentsThe possibility of dual agency arises when the buyer's agent and the seller's agent both work for the same real estatecompany, and the buyer is interested in property listed by that company. The real estate company, or broker, is called the"dual agent". Dual agents do not act exclusively in the interests of either the seller or buyer, or landlord or tenant, andtherefore cannot give undivided loyalty to either party. There may be a conflict of interest because the interests of the sellerand buyer may be different or adverse.
If both seller and buyer, or landlord and tenant, agree to dual agency by signing a Consent For Dual Agency form,then the real estate company (the "dual agent") will assign one agent to represent the seller or landlord (the seller's"intra-company agent") and another agent to represent the buyer or tenant (the buyer's "intra-company agent").Intra-company agents may provide the same services to their clients as exclusive seller's or buyer's agents, includingadvising their clients as to price and negotiation strategy, provided the clients have both consented to be represented bydual agency.
1/99
Phone: Fax:
Produced with ZipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com
GCAAR Form # 1003 - Understanding Whom Real Estate Agents Represent(Previously form # 1301G)
Urban Brokers LLC 160118th St NW Ste 1, Washington DC 200092023191303 2023182268 Urban Brokers, LLC Bank Offer.zfx
If either party does not agree to dual agency , the real estate company may withdraw the agency agreement for thatparticular property with either the buyer or seller, or both. If the seller's agreement is terminated, the seller must then eitherrepresent him or herself or arrange to be represented by an agent from another real estate company. If the buyer'sagreement is terminated, the buyer or tenant may choose to enter into a written buyer agency agreement with an agentfrom a different company. Alternatively, the buyer or tenant may choose not to be represented by an agent of his or her ownbut simply to receive assistance from the seller's agent, from another agent in that company, or from a cooperating agentfrom another company.
No matter what type of agent you choose to work with, you have the following rights and responsibilities in selling or buyingor renting property:
>Real estate agents are obligated by law to treat all parties to a real estate transaction honestly and fairly. They mustexercise reasonable care and diligence and maintain the confidentiality of clients. They must not discriminate in theoffering of properties; they must promptly present each written offer or counteroffer to the other party; and they mustanswer questions truthfully.
>Real estate agents must disclose all material facts that they know or should know relating to a property. An agent'sduty to maintain confidentiality does not apply to the disclosure of material facts about a property.
>All agreements with real estate agents should be in writing and should explain the duties and obligations of the agent.The agreement should explain how the agent will be paid and any fee-sharing agreements with other agents.
>You have the responsibility to protect your own interests. You should carefully read all agreements to make sure theyaccurately reflect your understanding. A real estate agent is qualified to advise you on real estate matters only. If youneed legal or tax advise, it is your responsibility to consult a licensed attorney or accountant.
Any complaints about a real estate agent may be filed with the Real Estate Commission at 500 North Calvert Street,Baltimore, MD 21202. (410) 230-6200.
This notice is information required by law and is NOT A CONTRACT
We, the Sellers/Landlord Buyers/Tenants acknowledge receipt of a copy of this disclosure and
that (firm name)
And (salesperson) are working as:
Seller/landlord's agent
Cooperating agent
Buyer's agent
Dual agent (See Consent for Dual Agency form)(you may check more than one box)
Signature Date DateSignature
I certify that on this date I made the required agency disclosure to the individuals identified below and they were unable orunwilling to acknowledge receipt of a copy of this disclosure statement.
Signature of agent Date
Name of individual to whom disclosure was made Name of individual to whom disclosure was made
Produced with ZipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com
GCAAR Form # 1003 - Understanding Whom Real Estate Agents Represent 1/99(Previously form # 1301G)
X
Urban Brokers, LLC
Mark Meyerdirk
X
Bank Offer.zfx
Printed on: Monday, April 18, 2011
Real Property Estimated Taxand Other Non-tax Charges
a new owner will pay in the first full fiscal year of ownership
ACCOUNT NUMBER: 02189476
PROPERTY: OWNER NAME FAGAN, GABRIELLE M
ADDRESS 2300 COLSTON DR #2300 SILVER SPRING, MD 20910-2511
TAX CLASS 38
REFUSE INFO Refuse Area: R32L Refuse Unit: 1
TAX INFORMATION:
TAX DESCRIPTION FY12 PHASE-IN VALUE1 FY11 RATE2 ESTIMATED FY12 TAX/CHARGE
STATE PROPERTY TAX 200,000 .1120 224.00
COUNTY PROPERTY TAX3 200,000 .9150 1,830.00
SOLID WASTE CHARGE4 20.2500 20.25
WATER QUAL PROTECT CHG (MFR)4 12.04
ESTIMATED TOTAL6 2,086.29
The following footnote references apply only if the table above has a foot number reference.
1. Phase in value comes from the data base at the Maryland Department of Assessments and Taxation http://www.dat.state.md.us/, Real Property Data Search. The phase in value is for the next fiscal year, if available, otherwise the phase in value is for current fiscal year.
2. Tax rates come from the current property tax bill, which also may include several non-tax charges, at the web page of the County Government's Department of Finance: http://www.montgomerycountymd.gov/finance. Look for a link to "Pay or view your property tax bill on line".
3. County Property Tax is the sum of the General Fund tax and several special fund taxes.
4. All non-tax charges (for example Solid Waste, Water Quality Protection, Bay Restoration Fund, WSSC) are the charges in the current fiscal year. These charges may be different in the next fiscal year.
5. This property is located in an existing development district. Each year a special development district assessment must be paid. Effective every July 1st, the rate will change based on changes in the property assessment and debt service requirements. More information is available in the FAQ section of this website.
6. You must update the estimate for the property taxes and other non-tax charges
a. Every July 1, because the tax rates, phase-in values, and other non-tax charges will or may change; AND ALSO
b. In early January if the calculation used the phase-in value for the current fiscal year instead of the phase-in value for the next fiscal year, because SDAT had not yet specified the phase in value for the next fiscal year. This occurs in the period July 1 - early January in the third year of the three year assessment cycle.
7. This property is located in a proposed development district. At some date in the future, development district taxes may be levied to pay debt service on bonds issued to build infrastructure in the district. It is important that property owners recognize that this additional tax may be levied in the future. The rate indicated above is an estimate and will change once the district is created and bonds are issued. More information is available in the FAQ section of this website.
8. The Proposed Estimated Total includes all actual and proposed taxes and non-tax charges relative to this property.
9. This is a one time charge assessed against this property and is not an annual fee. It should be paid before the property is sold and will remain due until paid.
Page 1 of 1Montgomery County MD - Estimated Real Property Tax System
4/18/2011http://www.montgomerycountymd.gov/apps/OCP/Tax/taxSearchResult.asp?Pcode=02189...
