Updated in 2023 Three common questions I'm hearing in 2019 are: Locking in a mortgage rate Mortgage rates dropped unexpectedly in early 2019 providing a unique opportunity for anyone who is house hunting to lock-in a long-term mortgage rate. This is really cheap money and it can really help you financially since it is a fixed expense Continue Reading
Is the wrong school listed online?
The truth is, school reputations can make or break real estate values. And why does public school funding usually become a political hot potato when jurisdictions discuss increasing funding or adding a new 1/2 cent meals tax to help fund the schools? Honestly, good schools cement real estate values. (Of course, if that new public school funding is Continue Reading
The House Survey tells a Story
Reading over a house survey is one of the most important steps you will take when you are buying a home, but you may not see it until you are a week away from the Final Settlement. This official drawing is done by a licensed surveyor who will go to the property and create an original map. After finding the corners and taking careful Continue Reading
Summer Events in Vienna
UPDATED: There is always something going on in Vienna during the summer... so don't be surprised if you have two choices on the same day and have to make a tough decision. Personally, I just realized that my annual neighborhood block party is the same day as The Beatles - White Album show at Wolf Trap. This show really sounded amazing and well Continue Reading
What is a Back-Up Contract?
"When one door closes, another opens." - Alexander Graham Bell Breaking bad news to a client is the pits. Imagine the call from the buyer's agent saying, "after the home inspection or after reviewing the Homeowner's Association disclosure docs, that the Buyer is declaring the contract Void." Then you have to call your client with the bad Continue Reading
Consider ARMs Again for Your Mortgage
Are we at an Inflection Point? Over the last decade, when home buyers were looking at mortgage rates there wasn't a big difference between fixed rate mortgages and adjustable rate mortgages (ARM). In fact, super-low 30-year fixed rates have ruled the market. Although I don't have a crystal ball, the tea leaves that I'm reading show a Continue Reading
On finding hidden new homes in Vienna
Ask anyone who lives in Vienna or McLean, and they will tell you about the impressive number of new homes being built. Many are custom homes being built for long-time owners, but more often it is an investor or builder scraping off an old house to build a new, semi-custom house to sell. What is happening here in Vienna, McLean, or Falls Continue Reading
How to pick a Settlement Agent
Selecting a Settlement Agent often comes down to a quick decision based on a recommendation from your Realtor. A quick decision? This is an interesting topic since home buyers, in Virginia, are given the option to select a Settlement Agent when they put together their offer to purchase. The idea is that they can compare fees and services, and Continue Reading
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