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Appraisals – Why Buyers and Sellers Should Demand Change in Fee Disclosure
February 3, 2012 by admin · Leave a Comment
The Consumer Financial Protection Bureau, or CFPB, is reviewing ways to bring more clarity and better disclosure in regards to the costly (and at times hidden) fees that buyers and sellers are presented with at closing. One of the fees being examined is, surprisingly enough appraisal fees. Buyers often fork over $450-$600 for an appraisal [...]
Republic Presidential Candidates’ Ideas for Improving the Housing Crisis
January 25, 2012 by admin · Leave a Comment
Since the next presidential term is going to shape the future of real estates, let’s dabble in politics for a bit. During the presidential debate in Tampa, FL, the Republican presidential candidates were asked about how they would improve the current housing crisis. Here’s what they had to say (in a nutshell). Rick Santorum: [...]
AJ LUNCH SPOTS!
January 13, 2012 by admin · Leave a Comment
Looking for some great lunch spots in Northern Virginia? Here’s a breakdown of some of our favs: Santini’s New York Style Deli –( http://mysantinis.com/location.html) – Locations in Chantilly, Reston, Sterling & Oakton. Great sandwiches, Steak & Cheese, curly fries. True NOVA natives know this spot! Tony’s N.Y. [...]
Federal Reserve’s Chairman Cites Short Sales as a Solution to Housing Market Ills
January 12, 2012 by admin · Leave a Comment
The Federal Reserve Chairman Ben Bernanke recently sent a letter and white paper to Congress outlining his recommendations for curing the ills of the US Housing Market. Among the interesting findings on current national market conditions: •Housing prices remain 33% below their early 2006 peak, reflecting in part “the costs that an often unwieldy [...]
NOVA Real Estate Market Defying Nationwide Trends
January 5, 2012 by admin · Leave a Comment
The Washington, D.C. metro area housing prices are up 0.3% from the previous month while the rest of the country is still showing a flat-line market. This may seem like nothing to celebrate, but with a year-over-year price rise of 1.3% showing a continuing trend in which prices increased by 2.6% from the year before [...]
Featured New Build! Immediate Move-in! 4 Bed/2.5 Bath SFH in Gainesville, VA – $10K to Closing Costs!
January 5, 2012 by admin · Leave a Comment
Brand new home, ready for immediate delivery! Stunning, light-filled main level with family room extension, gas fireplace, morning room off of the kitchen with granite counters and SS appliances. Hardwood floors. Luxury master suite w/ dual walk-in closets, tray ceiling, soaking tub and separate shower. Walkout homesite. Gorgeous community surrounded by trees. $10K to closing [...]
Featured Foreclosure! 4 Bed/2.5 Bath Single Family in Madison Farm Lake Ridge
December 14, 2011 by admin · Leave a Comment
Single Family Home in established community with 4 bedrooms 2.5 baths and unfinished basement with room to grow! Approved for HomePath mortgage and can be yours for as little as 3% down! Kitchen features an island, pantry and table space while the family room has a fireplace for those cozy evenings. Minutes to Potomac Mills, [...]
November 2011 Northern Virginia Real Estate Statistics
December 13, 2011 by admin · Leave a Comment
NOVA’s November, 2011 statistics overall show a stabilizing market. Although the total dollar volume is down over November 2010, the amount is modest in comparison to the drops experienced in years past. November 2011 statistics show total dollar volume down 15.33% and closed sales down 15.87% for the same period. The median price has increased [...]
Home are More Affordable Now than in 2007!
December 8, 2011 by admin · Leave a Comment
In a study done for the Washington Post by Ted Mellnik & Laura Stanton where they assumed a down payment of 20%, a 30-year mortgage and that payments for principal and interest did not exceed 25% of income, the results showed that for Virginia the most expensive place to live remains McLean where the income [...]
Statistics Show Northern Virginia’s Real Estate Market as Improving
November 8, 2011 by admin · Leave a Comment
“Washington’s residential real estate market is outperforming all other areas in the country,” reports the Tucker Echols of the Washington Business Journal recently. The August, 2011 Washington-area home prices were up 1.6 percent on average from July, which was the largest monthly advance in the Standard & Poor’s/Case Shiller Home Price Index. Nationwide the average [...]
