(Photo by Shopify Partners from Burst) Anyone buying a home today likely knows what an appraisal is, but what about an appraisal gap? A home appraisal is almost always required by a homebuyer to fulfill their requirements when obtaining a mortgage loan, or, even in the absence of a mortgage, to understand the value of […]
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Don’t Put Your House Hunt on Hold!
(Photo by Matthew Henry from Burst) Does everything going on in the real estate market right now make you just want to wait it out and see what happens instead of starting your house hunt? While that sounds like it might be a good strategy for uncertain times, it would also be a shame to […]
A Sad Story Relived Over and Over
Ask any real estate agent and they will tell you a similar sad story. The seller, whose home just hit the market, received an offer which was less than the list price, but felt secure their home would sell quickly and countered for more. For whatever reason, the buyer did not continue to negotiate and […]
Condo Inspections in VA: Things You Must to Know
(Photo by Thom Bradley from Burst) While the majority of properties in the Springfield and Burke areas are single-family homes, the Northern Virginia area does have its fair share of condo buildings. Recent events in Surfside, Florida have many wondering if any local condo buildings could be at risk, what sort of condo inspections they […]
What Are Disclosures?
(Photo by Matthew Henry from Burst) Real estate disclosures are documents offered to the buyer by the seller documenting their knowledge of the property. Disclosures include information on such things as hazards, repairs, damages, missing items, as well as HOA information. A Better Understanding of Disclosures Disclosure requirements vary based on state and local laws, […]
Will Rising Mortgage Interest Rates Cause the Market to Cool?
The residential real estate market has been red-hot for a while now but not many analysts are anticipating that low inventory, bidding wars, and rising home prices are going to stop anytime soon. There are signs, however, that things may have at least started to cool, especially with rising mortgage interest rates. Is this really […]
Prepare for Storms, Hurricanes, and Floods: 12 Tips
(Photo by Matthew Henry from Burst) Weather today can be challenging and you need to prepare for storms ahead of time. So it’s more important than ever to make sure you prepare for storms, hurricane, or flood. In addition to other preparations, this can include having the right outdoor power equipment on hand. Luckily, right […]
The Dynamics of Home Equity
For many people, their home is their largest asset and their best performing investment. The equity in a home is the difference in what it is worth and what is owed. Two dynamics, appreciation and unpaid balance, work in concert to make homeowner’s equity grow. It can be said that you appreciate the fact that […]
