Tag Archives: buying a home

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

Posted in Buying a Home | Tagged , , , , , | Leave a comment

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

Posted in Buying a Home | Tagged , , , , , , | Leave a comment

How does the home inspection contingency work?

You’re so excited! After all the time and effort to get your home ready to put on the market, all the anticipation as each potential buyer views your home, you now have a ratified contract. You’re done, right? Unfortunately, not … Continue reading

Posted in Selling a Home | Tagged , , , , , , , , , , | 4 Comments

You can buy a home with a 3.5% downpayment

One of the things that often surprises my buyers is that they only need a 3.5% downpayment. That’s right…you do not need to wait until you have saved a 20% downpayment. The idea of purchasing a home can be daunting … Continue reading

Posted in Buying a Home | Tagged , , , , , , , , , , , , , , | Leave a comment

The steps to buying a home

The steps to buying a home include: finding out how much you qualify for, working with an experienced Realtor, starting the home search, making an offer, ratifying a contract, final loan approval, removing contract contingencies, and going to settlement. Continue reading

Posted in Buying a Home | Tagged , , , , , , , , , , , , , , | 3 Comments

Northern Virginia Housing Statistics March, 2011

They are in, and they are encouraging! The March 2011 housing statistics were just released. The number of homes sold each month finally started to trend up in March after a relatively steady decline since the summer. Inventory is also … Continue reading

Posted in Real Estate Statistics | Tagged , , , , , , , , , , , , | Leave a comment

Yes, Virginia, there are multiple contracts!

Any buyer trying to buy a home in Northern VA these days is running into an odd situation–multiple contracts and bidding wars. Remember those? The question is why. You’ve probably heard of the robo-signing issues that started to come to … Continue reading

Posted in Buying a Home | Tagged , , , , , , , , , , | 4 Comments

Should we get rid of the Mortgage Interest Deduction? (MID)

Mortgage Interest Deduction. I don’t know about you, but it makes a big difference on my taxes each year…in a good way! Before you keep reading, there are two things that you should know about me. 1. I have not … Continue reading

Posted in Buying a Home | Tagged , , , , , , , , , | 3 Comments

Is it a good time to buy a home?

Now really, how do you think I’m going to answer that? I’m a Realtor®! Actually, I decided to write this post because I was pondering what advise I would give to my two sons who are almost 18 and 20. … Continue reading

Posted in Buying a Home | Tagged , , , , | 3 Comments

What is the difference between a Realtor® and a real estate agent?

I really never get this question, but it is a question that all buyers and sellers should ask! All Realtors® are real estate agents, but not all real estate agents are Realtors®. In order to be a Realtor, a real … Continue reading

Posted in Buying a Home, Selling a Home | Tagged , , , , , , , | 2 Comments

Think like a buyer when you sell your home

The internet, digital photography, satellite maps, and other new technology has totally changed the way buyers search for houses. How do sellers best reach a buyer? Continue reading

Posted in Selling a Home | Tagged , , , | 1 Comment

Townhouse versus Condo

The pros and cons of buying a townhouse versus a condo. Continue reading

Posted in Buying a Home | Tagged , , , , | Leave a comment

Buyers: Plan on Having a Contract Ratified by March

I’m recommending that buyers have contracts ratified by mid-March in order to take advantage of low interest rates before they go up. Continue reading

Posted in Buying a Home | Tagged , , | Leave a comment

Why It’s a Great Time to Buy

If you are planning on purchasing a house and holding on to it for the long-term, now is a great time to buy! Continue reading

Posted in The State of Real Estate | Tagged , , | Leave a comment

The Future of the Real Estate Market and Why

There has been a surge in buying activity & a decrease in inventory, but this doesn’t mean the real estate market is stabilizing…yet. Continue reading

Posted in The State of Real Estate | Tagged , , , , | Leave a comment