Twice in the past month I have sat with clients at closing and they asked, "where is the house survey?" The house location survey is an accurate drawing of the property that will show the corners, fences, driveway, house, shed, deck, or patio and include some very important measurements. Your lender doesn't require it In my twenty one years as Continue Reading
Getting a Closing Costs Credit?
It isn't unusual for a home buyer to ask the seller, in their written offer, to give a specific dollar credit at closing to pay some of the buyer's closing costs. And with mortgage folks favoring 20% down payments then that credit can really help with the other typical closing expenses. Does your offer? Offering to pay some of the buyer's Continue Reading
Let’s Review those Closing Costs Again
Update: Today's Washington Post (2/12) has a revised advertisement from the credit union that was the subject of this blog post, stating that they will pay $10,000 toward closing costs. Not the $100,000 that they previously advertised. ORIGINAL POST: When a real estate client came to me all pumped up because his Credit Union was offering to Continue Reading
5 Tips for Condo Buyers Paying Cash
Condo buyers that pay cash are typically savvy real estate investors looking to cash in on the current low prices with plans to rent out the properties. Although there are many places where that plan is a good bet, places such as Reston, Virginia may be a whole other story. You see, Reston is an ideal location for investors because a Metrorail 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
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
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