November 24, 2017

Join Us for a Free Home-Buying Seminar & Wine Tasting

Join us at Sonoma Cellar in Old Town, Alexandria, Virginia, for a free home-buying educational session and wine tasting. The seminar will be led by wine educator and REALTOR Angela Logomasini and REALTOR Christopher Prawdzik. At the seminar you will receive a free copy of our home buying guide, a detailed explanation of the entire process, along with light snacks and wine to sample. At the end of the seminar, we can discuss the wines! For those who don't drink alcohol or wine, we are happy to … [Read more...]

FREE HOME-BUYING BOOK AND CONSULTATION

Thinking about buying a home but have no idea where to start? We offer a free, no-strings-attached home-buyer consultation and a book that outlines the entire process! Meet us for coffee at a convenient location and we will help you understand the steps, the costs, and how to plan for your home purchase. Even if you are not ready to buy for a while, it's worth learning these home-buying details so you will gain a better understanding of how much you need to save, what you can afford, and what to … [Read more...]

Lending Rule Changes Take Effect Monday

The Urban Turf offers some helpful information on new lending rules set to take effect on Oct 3: "What DC Homebuyers Need to Know Starting Monday. New home loan applications received on or after this Saturday will be subject to the Consumer Financial Protection Bureau’s final rule for TRID. TRID stands for TILA-RESPA Integrated Disclosures, forms that will replace existing closing disclosures as well as the HUD-1 settlement statement. The introduction of these new forms will come with new … [Read more...]

Higher Prices, Inventory, and Low Rates Benefit Both Buyers and Sellers

Home prices are up, but so is inventory in Northern Virginia, which is proving to help both buyers and sellers as we move into the dog days of summer. With 30-year fixed rates as low as 3.8 percent, conditions are ripe for continued steady activity as we head into the fall. Although average home sale prices in June for Northern Virginia were virtually unchanged from June 2014,  overall year-to-date home sale prices are up more than 2 percent according to RealEstate Business Intelligence … [Read more...]

VA Loans Offer Great Benefits for Veterans

Among the variety of loan choices for hopeful home buyers, a good bet could be a VA loan for current and former service members in good standing. But some may not know the ins and outs of a VA loan, so we thought we’d highlight some VA loan features. To do so, we contacted our friend Eric Boutcher, team loan officer at Atlantic Coast Mortgage LLC, to fill us in on how a VA loan might be different from a conventional one, clue us in to some of its benefits, and even resolve some … [Read more...]

A Really Creative Home Showing!

Looking for big impact when showing your home? Why not try the approach found in this video? Although it may be a bit more expensive than most staging, it's guaranteed to be entertaining for prospective buyers! Kidding, of course! … [Read more...]

Understanding Who Represents You in Real Estate Transactions

On this blog, we've already addressed why we ask our clients to sign a buyer agency agreement: It enables us to provide buyers with the best service possible, and a written agreement is required in Virginia and D.C. Here, we take a look at the differences among buyer agency in Maryland, Virginia, and D.C., because sometimes we have clients looking in more than one of these jurisdictions, and the differences can be confusing. First, buyers need to understand that REALTORS® work for brokers, … [Read more...]

Contingencies Allow You To Ease Into Your Home Purchase

That hint of angst, uncertainty, and hesitation a homebuyer might feel before signing an offer on a new home is common. But don't fret. Even with a ratified contract, a buyer still may legitimately get out of a contract through a number of release points—or contingencies—that protect buyers and sellers from surprises and unforeseen problems. They actually help turn the path to closing into a digestible process where confidence builds as the closing date approaches. This doesn’t mean getting … [Read more...]

Morgage Rate Update: Buy Now or Pay Later?

In a recent piece for The Washington Post, Kathy Orton highlights two studies that point out something I've been alerting my clients about recently: the impact of potentially rising interest rates. Truth be told, we've been hearing for years from mortgage experts and market analysts that mortgage interest rates will rise considerably in the near future, yet rates remain at historic lows. It is true that  we currently don't have the absurdly low 3.5 rates that we had for 30-year mortgages in … [Read more...]

Why We Ask for Written Buyer Agency Agreement

So, you're ready to start shopping for a new home! You meet with an agent, and the first thing he or she does is push a form in your face asking you to sign on the dotted line, committing you to work with them exclusively. It's annoying and you may want to walk, but it's actually in your best interest to have a written agreement when an agent is showing you properties. Believe it or not, agents don't like to push this paper in your face either, but we have little choice. As of 2012, it's the … [Read more...]

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