Vaneska Adams

Born and raised in Maryland, Vaneska has an intimate knowledge of the area, with over 20 years working locally as well as in Washington D.C. and Baltimore.

Prior to entering the real estate industry, she worked in sales and marketing and gained expertise in market research, social media, and customer relationship management on behalf of her clients. She has leveraged those skills into a successful career in residential sales.

Vaneska believes real estate is about developing relationships and is passionate about helping her clients. After gaining a thorough understanding of their priorities, she develops a comprehensive marketing plan that focuses on the unique needs and goals and partners with her clients every step of the way—whether it’s finding a home in a certain school district, finding a good mortgage broker, or even recommending home improvement contractors.

She is fluent in English and Spanish and lives in Crofton with her husband, 3 kids, and rescue cat. She enjoys gardening, trying out local restaurants, is actively involved in the local community, and strongly believes in giving back to local businesses.

What

is important to consider when choosing a roofing contractor?

I would approach any remodeling project the same way. Is the contractor licensed and insured? Do they have an established business with a strong history in the community? Does this company offer a long-term warranty on their workmanship? Does this company offer references of their past work? I’m pleased to say that Bowie Siding & Roofing has been offering top notch service since my dad started in the industry in 1971. We approach every home as if it is our own and try to give our best advice. We offer an honest up-front quote in writing for your consideration. There will never be any high pressure sale tactics and we make ourselves available for personal attention to our customers via a variety of different outlets. We would love to earn your business and appreciate our excellent long standing relationships within the community.

Jocelyn Turpin-Anderson

Bowie Siding & Roofing

Can I sell my investment real estate using a 1031 exchange and buy a vacation home that I can enjoy with my family during the summer months?

No. You can sell your investment real estate and reinvest the gain, tax deferred, to purchase your vacation or second home, the challenge is making sure it will qualify as a 1031 investment property. Meaning that during the initial 24 months of ownership there are strict rules to follow regarding personal use. The important rule is that you can only use the property for 14 days each year or 10% of the actual days that you rent it out. For example, if you lease it for 200 days each year, your personal use can be up to 20 days. If you are able to abide by these rules, after two years the dream vacation home is yours to use as often as you like without any more requirements.

Jack Papaleonti, GRI/Realtor®

The Anchor Team of Academy Realty

When is the best time to buy or sell real estate and what do we do if we think we need to do updates or repairs before the property goes on the market?

The spring market which starts in January and runs through May has always been historically the best time to sell real estate. As temperatures start warming we expect to see inventory increase and more buyers return to the market. Timing the market depends on what is truly best for your own individual situation to make that decision. To get the very best guidance and advice, consulting an experienced local realtor is the first step. Before undertaking any updates or repairs let us advise you of the most up to date marketing recommendations. We even have partners that will make renovations or licensed repairs to your property and delay the cost until closing. You get valuable marketing expertise and guidance as to what is necessary or recommended to increase your property value and avoid wasted time and money.

To help my children buy their first house I am lending them their purchase money, how can I protect myself?

First, talk to your CPA to make sure that the terms of your loan don’t constitute a gift for tax purposes. Second, you will need an attorney to make sure that the loan does not run up against any licensing or regulatory requirements and is properly documented with a Note, Deed of Trust and title insurance policy. Even though you may trust your children/family to repay the loan, you still need to protect the loan against the interests of other unexpected creditors. Be aware that if your child is using a traditional lender for the bulk of the purchase money, this lender may not allow a second position loan.

Feel free to reach out for a quick conversation about your lending needs with an experienced Attorney. Call Cooch, Bowers & Schuller to discuss in more depth. 410-974-1900.