Was it Real Estate Stats Day?

Vienna 22182 Sold Summary

As I read Corey Hart’s blog post about Phoenix real estate values and the wacky statistical report posted on Trulia, I started to hear news reports just released about the Washington DC regional real estate market. To dig a little deeper, I looked at a subscription service called RBI which is produced by a division [...]

Where is my House Survey?

Vienna_virginia_house_location_survey

Twice in the past month I have sat with clients at closing and they asked, “where is the house survey?” The house location survey is an accurate drawing of the property that will show the corners, fences, driveway, house, shed, deck, or patio and include some very important measurements. Your lender doesn’t require it In [...]

Getting a Closing Costs Credit?

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It isn’t unusual for a home buyer to ask the seller, in their written offer, to give a specific dollar credit at closing to pay some of the buyer’s closing costs. And with mortgage folks favoring 20% down payments then that credit can really help with the other typical closing expenses. Does your offer? Offering [...]

A Trove of (mls)information

MarketingCharts.com

It might as well be said by someone, so why not me? Everyone looking to buy a home is using the Internet. 100% = everyone. Whew, that feels good. After reading this morning’s real estate article in The Washington Post where they regurgitated a National Association of Realtors statistic that only 90% of buyers are [...]

Understanding inventory pressure

Inventory Northern Virginia real estate five year snapshot

Really, what’s the deal? Have you been looking at homes recently only to find that the listing you saw on Trulia.com  Wednesday afternoon is now under-contract? Well, that’s been a problem for many home buyers in Northern Virginia this year (2012) and it appears to be a systemic issue affecting the broader real estate market. [...]