Author Archives: Margie

8 Questions to Ask Before You Put an Offer on a Short Sale

A short sale is when a homeowner lists their home for sale, contingent on receiving approval from their lender(s) to sell the home for a price that falls short of the amount owed on the mortgage(s). If you are considering putting an offer on a short sale, here are eight questions you should ask first. Continue reading

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Healthcare Bill Does NOT Include a Real Estate Transfer Tax

  I just received a forwarded email that claims the new Healthcare Bill includes a 3.8% tax on real estate transfers. This is NOT true. These emails were making the rounds several months ago causing the National Association of Realtors … Continue reading

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Weekend Happenings June 24-June 26

Take advantage of the rain-free weekend! Friday Reggae Night–7:30pm, free with tickets, Carter Barron Amphitheatre: A local favorite, The Washington Post Going Out Guide Weekend Concert Series Reggae Night featuring Archives (f. Lenny Kurlou), Passion Reggae Band and Carl Malcolm … Continue reading

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What Is Today’s Home Buyer Looking For?

The more a seller knows about their potential buyer, the more thy can leverage that knowledge to maximize their sales price. Today’s home buyer falls into 3 age groups: Baby Boomers (45+ years old), Gen-Xers (35-44 years old), and Gen-Yers (17-34 years old), and 3 categories: first-time buyers, repeat buyers, and investors. Continue reading

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Northern Virginia Housing Statistics, May 2011

May, in Northern Virginia, has typically been one of the most active months of the year for home sales. That is not true this year. Despite the best home affordability index in decades and historically low interest rates, buyers are just not buying. Continue reading

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Waiting for the bottom to buy a home may not be the best strategy

When will we know we have hit the bottom of the housing market when prices are at their lowest? Probably not until we can look back and see this bottom. If you “wait for the bottom” to buy a home, the reality is that you will probably be purchasing once prices are already starting to inch up. This chart explains why waiting is probably not the best strategy. Continue reading

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Your Home Can Help Fund Retirement

Americans are looking for ways to fund their retirement years. Have you considered refinancing to a 15 year fixed rate? Yes, it will increase your monthly payment, but you will pay the loan off in less time and save $10,000’s in interest. Once your mortgage is paid off, you will be living rent free which is the equivalent of increasing your monthly income by your mortgage amount. Continue reading

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Glory Days in Centreville

Whether you come for the great food, the great service, or the great venue to watch your favorite team, you won’t be disappointed with a stop in to local Centreville favorite, Glory Days. Continue reading

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Buying a new home from a builder? Why you need a real estate agent.

Clearly it makes sense for a buyer to be represented when they purchase a home, but does any savings a buyer might receive by not being represented outweigh the benefit of being represented? Removing the agent does not lower the price for the buyer; it raises the net price for the seller and leaves the buyer without an advocate. Continue reading

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Make Way for Goslings

In Centreville, Virginia, an area where drivers are often in a hurry, this family of geese accomplished more than many stop signs do! Continue reading

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Weekend Happenings May 20-May 22

Friday Story/Stereo at The Writer’s Corner in Bethesda, MD–Friday, May 20, 8:00pm. A night of words and music. Words curated by the Writer’s Center. Music curated by Chad Clark (Beauty Pill) & Matthew Byars (The Caribbean). On the Red Line … Continue reading

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7 ways to survive the housing market

The housing market downturn has lasted longer and gone deeper than any other downturn in the history of this country–certainly longer and deeper than anyone predicted. Here are 7 ways to survive the housing market whether you have to sell your home or not including information on the effect a short sale or foreclosure will have on your credit and/or ability to buy a home again. Continue reading

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Northern Virginia Housing Statistics, April 2011

April saw an increase in Active Listings and Homes Sold from the previous month. Last fall’s moratorium on the foreclosure process at most of the large lenders and servicers created a decline in inventory. Those moratoriums have started to be … Continue reading

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Weekend Happenings May 13-May 15

Weekend events in DC Metro area for May 13, May 14, May 15 include After Hours at the Kreeger Museum, Rosslyn Outdoor Film Festival, Fairfax Station Railroad Museum Tour, National Harbor Wine & Food Festival, The Taste of Wheaton, Yoga on the National Mall, and Mount Vernon Wine Festival and Sunset Tour. Continue reading

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Price, Price, Price Is the New Location, Location, Location

Sellers want to get the highest price they can for their house and often make the mistake of overpricing their house in an effort to do this. In today’s market, the very best way to maximize the selling price of your home is to price it correctly from the very beginning. Continue reading

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