With the strong seller’s market we’re experiencing right now and all of the bidding wars that are happening as a result, the escalation clause is receiving more attention than ever. What is an Escalation Clause? An escalation clause is a provision that is sometimes included in real estate purchase agreements. It is especially used when there is […]
Buying a New Home
Relocating to Springfield: Top 7 Things to Expect
Before Relocating to Springfield, you should know what to expect. It’s a unique place to call home. Springfield is one of our favorite cities in Virginia, and our clients agree! This very popular suburb located just 15 miles southwest of Washington, DC is a perennial favorite for home buyers, offering a variety of interesting neighborhoods […]
Using Your Tax Refund and Stimulus on Home Equity
For those home buyers that have to work a little harder to come up with the money for a down payment and closing costs — or other home investments — this is for you. Using your tax refund and stimulus on home equity can be very helpful. It has been reported that the majority of […]
How Important is Your Credit Score?
A credit score is a number — between 300–850 — that tells lenders a story about a consumer’s creditworthiness. Credit scores can be confusing even for the financially astute, but in general, the higher the score, the more attractive a borrower will be to potential lenders because it shows the lender you’re likely to repay […]
Mortgage Rates Rise Over 3% – What Happens Now?!
Uh oh! Mortgage rates are on the rise… sort of. In early March, Freddie Mac announced that their 30-year fixed mortgage rate was over 3% (3.02%) for the first time since last July. While this news may be alarming to those who are looking to take advantage of historic low rates touted during the coronavirus pandemic, keep […]
Real Estate Investment: An True Investment in You
Buying a home in Springfield & Burke has traditionally been considered a sound real estate investment. Some would argue that it may even be a better investment than stocks! Now, second homes and rental properties aside — we’re talking about homes you plan to buy to live in yourself — the purchase of real estate […]
How to Host a Pandemic Housewarming: 4 Options
The housing market is booming! With so many houses flying off the market, this means more families all over the country are moving and trying to figure out how to host a pandemic housewarming party. And we all know that one of the best parts of a move is throwing your first housewarming party to […]
What Does Pending Mean?
So you found a home online that you love, but the status says ‘Pending.’ What does that mean exactly? Could the home still be yours? Or maybe you’re the one selling a home and you’ve gotten to this stage. Can you rest easy knowing it’s a done deal? The home buying and selling process can […]
