Edited from original post in 2014 Are home buyers obsessed with school ratings on real estate websites? In 2023, they still are! Most real estate sites now have data on local schools and show ratings from 1-10 on the overall performance (test results) and then give summaries and some parent comments on actual experiences. For example, take Continue Reading
Residential’s Subtle Shift | Northern Virginia Real Estate
Although many people are "chartists" reading the tea leaves of the local real estate market from the raw data that gets pumped out by MRIS on the Northern Virginia real estate market, I get my temperature reading from a more organic source. Those are the people who are in the dirt, actual real estate buyers and sellers. Hey, these people are Continue Reading
5 Tips for Buying Luxury Homes in Vienna
You have probably already started your home search online and noticed that most of the photos look great. But after seeing about 50 luxury homes in Vienna, McLean, Oakton and Great Falls over the past two months, I have noticed that not all luxury homes are created equal. In fact you would notice how much styles have changed after seeing only a Continue Reading
Home Sale Radon Testing Contingency
It is not a requirement that you test for Radon when you put in an offer to buy a home in Northern Virginia, but it is probably a good idea. The Radon Inspection Contingency in the Sales Contract puts some structure into getting a "short-term" radon test done on any home to make sure the levels of Radon on the lowest level of the home are below the Continue Reading
Is A School Part of Your Home Search Criteria?
Did you enter a specific school into your search criteria and still missed that hot new listing last weekend? Aren't those "search sites" supposed to make it easy for the consumer you? So, last weekend I was checking the MRIS database and noticed a Vienna VA real estate listing that didn't have any schools identified. Since I keep an eye out for Continue Reading
Vienna VA Real Estate Stats | 2024
Vienna Market - 2024 I always hear questions about pricing and market activity in Vienna, and I like to talk about what is happening today. Specifically: active inventory, days on market, buyer activity, number of offers, and other important factors that monthly "stats" don't always make obvious. And, with today's shifting market with interest Continue Reading
Yes, Reviews are Relevant
After a few real estate clients found me online, I asked how they stumbled across me or my Northern Virginia Real Estate Blog. Often it was a top Google result when they asked a question or one of my home listings showed up on one of the 10,548 "home search/IDX" sites that are out there. And when they drilled down, they found that my real estate Continue Reading
Adding a Deadline to Your Real Estate Offer
If you are planning to make an offer on real estate then remember that real estate offers must be in writing to be enforceable. Period! Although the real estate sales contract process is different around the U.S., having the terms on paper is the essential first step. The contact price, financing terms, closing date, and contingencies build a Continue Reading
Planning to go for an FHA Loan?
If you are currently in the market to buy a home and plan on using FHA for your mortgage financing, keep in mind that the annual mortgage insurance will be higher for loans assigned case numbers starting April 18, 2011. Local mortgage guy Todd Marumoto of Intercoastal Mortgage in Fairfax, VA sent me an e-mail update about this increase along Continue Reading
My Opinion on the 2010 Real Estate Statistics
Trying to pick up trends in the real estate business is a challenge because national stats don't always sync with what I see on the streets of Vienna or McLean, VA. Yes, I am talking about the mean streets, places where multiple buyers are still anxiously awaiting new listings even as 2011 arrives. Those two areas are still highly sought after Continue Reading
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