Another high priority checklist item for home buyers: getting a homeowners insurance policy set up early in the process. Yes, the Homeowners Insurance Policy. These policies are lender requirements and they will only give you a mortgage if you can show them a fresh policy. What you don't know is that insurance companies use an industry Continue Reading
What is Consummation in Real Estate?
When a prominent McLean real estate attorney gave a presentation in 2015 to our office about the upcoming RESPA changes, he used "Consummation" of the sale rather than Settlement. The room chuckled like a class of 8th graders, looking at each other and whispering, "Consummation?" Of course, we were all thinking along the lines of a proper Wedding Continue Reading
A required termite inspection in your sales contract?
Updated for 2023 Yes, a termite inspection is part of the standard Northern Virginia real estate sales contract. Last week, I received a question via email from an upset seller who had just been told that he was being required to have his home treated for termites. He wanted to know if this was accurate (getting a second opinion) because he really Continue Reading
Pavlov’s Dog or Today’s Home Buyer?
Your head is spinning and then "DING!" chimes your iPhone. It's Zillow alerting you to a perfect four bedroom colonial in the right school district..." - radio ad I heard a version of this ad today in my car and all I could think about was Russian physiologist Ivan Pavlov who studied an unconditional response in dogs who would salivate when he Continue Reading
Preparing for the Bidding Wars
After reading today's authoritative article "Bidding wars a legacy of housing bubble" in The Washington Post, you may think that many sellers are using a strategy of under-pricing their home to spark a bidding frenzy. Want to know what it is really like? Then ask any home buyer in Northern Virginia about finding a below-market priced Continue Reading
Expanding Your Colonial
Expanding your colonial is a smart option for anyone who appreciates their current location and doesn't want to move. The most common issue has to do with the typically small size of the master bedroom, master bath and closets. I feel there is a cost effective solution for you to consider. If you have a garage, or a carport which is Continue Reading
Vienna, VA | My Buyer Agent tip of the week – offers
When I am out there "in the field", I like to listen to responses I get from other agents and questions that I get from current home buyers. Frankly, you should know that sellers are expecting an offer and to negotiate. So, my buyer agent tip is to plan ahead and prepare an offer that is easily negotiable. Realtors in Northern Virginia now Continue Reading
Pick Your Dates
When you sit down and put together your real estate plan, selecting specific dates will be as critical as determining an offer price. For starters... business days might include Saturdays and it's also smart to check the Courthouse calender. So, you're a home buyer Settlement Date Contract Date Contingency Dates Ratification Continue Reading
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