(2009)Mortgage rates in Northern Virginia will likely stay close to their current range for the rest of the year, if you ask me. So don't panic home buyers... your rate should be there. Next week is the mid-year NAR conference in Washington D.C., and you should expect the usual cast of characters to address the one-million member association. Continue Reading
A secret buyer agent search strategy for a home in Vienna, Virginia
Yes, another buyer agent secret search strategy for a lucky client living in Vienna, Virginia When I meet with buyer clients, I like to discuss how our home search is going to involve a multi-pronged effort in order to be successful. The client will use the resources of the Internet with sites like Homesdatabase.com, Realtor.com, Trulia or Continue Reading
It takes more than the crystal ball to understand real estate
Are you still looking into that crystal ball? You know, like when you were searching for the bottom of the market, the lowest interest rate to refinance, or if the economy is sending a signal of a turn around. In the April 27th issue of BusinessWeek, there was an article titled "What Good are Economists Anyway?" that really put the screws to Continue Reading
Power lines, law, human nature and real estate
An interesting aspect of being a real estate agent is that you get to learn about a variety of subjects such as law, environmental issues, construction, mortgage finance, human behavior, negotiation techniques, legislation, and much more. And the successful agents know that having a team or network of professionals is important to providing the Continue Reading
In real estate, get it in writing.
“Let’s get it in writing so there isn’t any confusion later,†is advice that I give my clients all the time. And you would assume that all real estate agents give their clients the same line when a potential sticky situation presents itself. Did I say “assume� Prior to a home inspection on one of my listings, I mentioned to the Continue Reading
An escalation clause?
People are now realizing that some prices are just too low, and they want to do whatever it takes to get the property. I don't think it is the right strategy to win the prize... if it really is a prize at all. Continue Reading
Considering buying a foreclosure?
You may not think about it when you see the sweet price on this Fairfax foreclosure. But the people have been living there probably mad as heck and taking it out on the house. So what is the potential problem if they flushed a little extra goop like cement into the sewer lateral? Trouble! And the paperwork the bank is going to send will strip Continue Reading
2009 Buyer Strategy – Northern Virginia
I recorded a video overview of the 2009 Real Estate market in Northern Virginia, and what are the best buying strategies. Enjoy! Continue Reading
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