My Contact Information

You can reach me at any of the following:

Cell Phone: 240-483-7556
Office: 301-384-8700

Monday, December 31, 2012

Bank owned property coming soon...Laurel, MD 20707

Bank owned property coming Soon in Laurel, MD


Call Coni Otto 240-483-7556
Long & Foster Real Estate, Inc.
Office number: 301-384-8700

909 Montrose Road, Laurel, MD 20707
Bank Owned Property, Coming Soon

Street view

Coni Otto
C: 240-483-7556
O: 301-384-8700

Saturday, December 29, 2012

12-29-2012 8_39_39 AM

James got a new 55 inch Panasonic smart tv forChristmas  look at that awesome picture...

Sunday, November 18, 2012

Sellers.. Is your Listing Agent asking for Highest and Best?

  Sellers, Ask for Highest and Best!!


Coni Gets it Sold!!

As a Listing Agent my job is to mediate between the buyer and the seller and work in the sellers best interest.

I like to think of myself as a "Coach" and I like to give the seller the benefit of my experience.

When working in the sellers best interest I have a duty to submit all offers to them whether they are in writing or verbal. If I get a verbal offer I try to get the buyers agent to get it to me in writing asap. If I have more than 1 offer I will inform the seller that we have more than 1 offer and we will give the buyer a deadline to give us the highest and best offers.

The reason you want to give the buyers a 2nd chance is because if the initial offer came in when you didn't have any offers then the buyer will probably test the waters to see how low the seller will go. It is up to the seller if they want to accept the offer, counter the offer, or reject the offer. I highly recommend that the seller counter on any offer especially in a depressed market.

If the seller is reviewing a offer and other offers come in the seller should most definitely have the agent request "highest and best" from all the buyers who submitted an offer.  This would be working in the best interest of the seller. Never count out a low ball offer because you never know how serious they may become if they are faced with decision of having to bid against other offers.

If you or anyone you know is thinking of selling their home please have them give me a call, I have a lot of experience at selling homes.

Coni Otto
Cell: 240-483-7556
Office: 301-384-8700

Foreclosure coming soon in Laurel, MD

Coming Soon in Laurel, MD
909 Montrose Road
Laurel, MD 20708
Cell: 240-483-7556
Office Phone: 301-384-8700


Saturday, November 17, 2012

What to look for In home inspections..

Water was coming up underneath some carpet in a bedroom from a leak from the air conditioner. The seller fixed this problem and addend new carpet.

The siding should come all the way to the brick
this is not a brick house just a brick front so the brick
was pulling away from the house.
The plumbing lines were not all pulled together in this shot, when we turned the water on at the kitchen sink the water was draining in the sink in the laundry room 
The electrical box was enclosed by drywall and then the door wouldn't shut correctly so they cut the corner to shut it which is not code for a electrical box. It needs to be able to shut completely for safty purposes

  Tory gets on the roof to check it to make sure that it's not sagging, or there are missing shingles, and to determine the age of the roof.

   The downspout needs to have an extender so the water drains away from the house.

These are just a few things to look for in a home inspection, so make sure you hire a good home inspector. The home inspector should provide you with a report that has pictures and clear explanations of all the items found in the house so it can be presented to the seller.

Questions, please let me know! I would love to feature your queston on my blog. If you are moving to the Washington, DC area or already live here please call me to help you buy or sell your home.
Coni Otto
Cell: 240-483-7556
Office: 301-384-8700


Wednesday, October 24, 2012

Foreclosure Listing Coming Soon in Columbia, MD by Coni Otto

Coming Soon is this 3 bedroom 2 bathroom Townhouse in Columbia, MD. It has a huge backyard, really nice neighbors, a huge kitchen, dining room, living room with a fireplace. Upstairs had 3 bedrooms and 2 full bathrooms. I don't know what this house will be listed for yet, but keep watching my blog and I will let you know when I list it for sale to come and take a look.
You will need to have a pre-qualification from Wells Fargo so call Mike Cooper now at 301-655-3020 if you are interested in having it ready to go when it comes on the market.  You don't have to use Mike but this bank requires a pre-qual to place an offer.
If you would like more information on this property please feel free to contact me.
If you would like to have a FREE LIST OF FORECLOSURES please email me at to request one or call me at 240-483-7556.
If you need a buyers agent I would be happy to help you find a new home, just call me anytime at
240-483-7556 or email me at
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Monday, October 15, 2012

Short sale process for sellers

If you own a house that you owe more than it's worth and you cannot afford to pay the
mortgage you may want to consider doing a short sale. To do a short sale you need to call your bank and ask them for a short sale package.

This package will determine if you qualify to do a short sale on your house.

You will need to get together documents like your bank statements, w2, tax returns, hardship letter, and more.

You will also have to hire a real estate agent to list your house and work with the bank on getting the short sale approved.

The agent will need to work with you and a title company to get the bank to accept the short sale and the offer.

Pros: a short sale will keep a foreclosure off your credit and help your scores return higher faster.
To hire me to be your short sale agent, just call 240-483-7556 or email me at

Look forward to hearing from you to help you through the process or just answer any questions you may have.
O: 301-384-8700
C: 240-483-7556
Long & Foster real estate

Wednesday, September 5, 2012

I'm Buying a NEW HOUSE, do I still need an inspection?

I am often asked when I help buyers buy a New Home "Do I need a Home Inspection"? and I always say the same thing! "YES"

The builder representative is going to tell you that they are going to have the home inspected after the house is completed, which they should, but think about it, the person doing the inspection works for the builder.     You are spending $$$$$ Big Bucks to have the house of your dreams built and "no one is perfect" so I would absolutely have a home inspection. Without a question get it done.

Nothing against builders but with the economy right now, they may have a tendency to cut some corners at your expense. If corners are cut they can be very costly if you don't have a home inspection.

A good home inspection only costs around $350-$450 depending on the square feet and what you would like to have done and it is so worth it.  So having a home inspection is a small price to pay for peace of mind.

Another reason to have a home inspection is so you can use the report as a final punch list for the builder to make any final repairs.

Whether you are purchasing a "New Home" or a home that is 90 years old you need a home inspection, I recommend Tory, from Property Preservation Specialists. He usually brings 2 other inspectors with him who goes over the whole entire house with you and provides you the following:

We create easy to understand reports with color photos and an easy to read summary.
We deliver the report over the Internet to anywhere in the world within 24 hours.
We use Home Gauge inspection software to generate a professional report with a password protected link for viewing.

To contact Tory at Property Preservation Specialists, just call 202-271-3626 or visit their website at

You can Reach Coni Otto
Cell Phone: 240-483-7556 Office: 301-384-8700

Tuesday, September 4, 2012

Tax Clock is ticking for Underwater Homeowners!

Tax clock is ticking for underwater homeowners

Real estate tax talk
By Stephen Fishman
Inman News®
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Ordinarily, if all or part of a home loan is forgiven by the lender, either in a short sale or foreclosure, the amount forgiven is taxable income. Thus, for example, a homeowner who had $100,000 in mortgage debt forgiven through a short sale would have to pay income tax on the $100,000.

However, Congress adopted the Mortgage Debt Relief Act of 2007 to save millions of underwater homeowners from this tax disaster. Under the Act, homeowners can exclude from their taxable income up to $2 million of debt forgiven on their principal residence during 2007 through 2012. The Act applies to debt reduced through mortgage restructuring, as well as forgiven in connection with a foreclosure.

But the Mortgage Debt Relief Act expires on January 1, 2013. Any mortgage debt forgiven after that date will be fully taxable, unless the Act is extended. To avoid this deadline, a home must not only be sold before the deadline, but the lender must formally forgive the loan in a letter issued before January 1, 2013.

Will the Mortgage Debt Relief Act be extended past 2012? No one knows. In its 2013 budget, the Obama Administration asked that the Act be extended for two years. Several bills have been pending in Congress to extend it as well, but so far nothing has happened. No one has any idea what Congress will do, and it likely won't act until after the election on November 8, if then. It may depend on who wins the election.

Homeowners who want to take advantage of the Mortgage Debt Relief Act must sell their homes before the end of the year. It may already be too late for most homeowners, since short sales often take many months to complete. But some homeowners may be able to complete a short sale before the deadline if they act now -- it all depends on the property and lenders involved. There will likely be a deluge of sellers trying to meet the end of year deadline.

Keep in mind, however, that even if the Mortgage Debt Relief Act is allowed to expire, many homeowners will still be able to avoid paying income tax on their forgiven mortgage debt.

One way to do this is for the home to file for bankruptcy and have the debt discharged by the bankruptcy court. Debts discharged through bankruptcy are not considered taxable income.

Alternatively, if the homeowner is insolvent when the debt is cancelled, some or all of the cancelled debt may not be taxable. You are insolvent when your total debts are more than the fair market value of your total assets. For these purposes your assets the value of everything you own. This includes things like your interest in a pension plan and the value of your retirement account.

For details, see IRS Publication 4681, Canceled Debts, Foreclosures, Repossessions, and Abandonments.
Stephen Fishman is a tax expert, attorney and author who has published 18 books, including "Working for Yourself: Law & Taxes for Contractors, Freelancers and Consultants," "Deduct It," "Working as an Independent Contractor," and "Working with Independent Contractors." He welcomes your questions for this weekly column.

Copyright 2012 Inman News