As you may have surmised from reading my blogs, I believe in investment real estate. I have personally invested in Northern Virginia and in markets outside this area. When I went to new markets it took me quite a bit of work to find an investor friendly Realtor in that town. I thought others may […]
Losing a loved one is difficult on many fronts – emotionally, physically and legally. People grieve differently. However long it takes and after most of the tears are gone, there is the business part of things. Many people struggle with what to do with the personal possessions and, very often, a house. I can help […]
Almost all purchase contracts contain a contingency for a home inspection. And those that don’t, really should. There are some contract contingency clauses that are marginal. In a multiple offer situation, some of these may be passed over to make your contract more attractive. The home inspection contingency should not be on that list. Even in a foreclosure or short sale when you can not ask the seller to execute repairs, you still need a home inspection contingency. In that case the contingency will contain wording that if the inspection reveals conditions you can not deal with, you have the right to void the contract.
So that leads to the question of how to pick an inspector.
We have all received emails from foreign “dignitaries” who need our help transferring millions of dollars into the US. Or we get an email from a “relative” who was robbed while on vacation and needs money to get back home. These are easy to spot as frauds. But now hackers are getting more sophisticated. They […]
You are not going to like me. I am about to ruin your day. Here is a link to the classic theme song for that famous 70’s sitcom that inspired the title to this post. (“…Movin on up to the East Side, A Deluxe Apartment in the Sky…” Now it will be stuck in your head […]
Of course the right answer is to price right. But most of the time “right” involves a range. Should a seller price at the upper end or the lower end of that range? As with most questions, the answer is it depends. This where an experienced Realtor adds value. Let me explain. PRICING BASICS When […]
When I went to college many, many years ago, I had saved money from my paper route, cutting lawns and lots of other jobs including selling hot dogs and soda at Phillies games. All of that was enough to cover my first year of tuition at a private college in Philadelphia. Recently I finished paying […]
The Spring market in Northern Virginia is hot. It is not uncommon for new listings to receive multiple offers. In fact, I had 3 homes sell this month with multiple offers that were above asking. Why is this happening? Well, interest rates are still very attractive and buyers are out in force but sellers are […]
As I write this in mid February 2018, interest rates are about .5% higher than just a month or so ago. It is impossible to know where they will be 6 months from now but there is more pressure on the upside than the downside. So how much does a mortgage increase when rates rise? […]
I have written about the teardown business before. In one article “Is Your Home Worth More Dead Or Alive?” I suggested sellers should take time to analyze their situation and decide whether it is better to sell to a builder or sell to an owner occupant. In the other “Vienna Teardowns Part 2 – Street […]
In Deuteronomy and other places, the Bible talks about the sins of the Father being passed down to future generations. Well, moral issues aside, I can see how a father’s financial transgressions can hinder the prosperity of future generations. But did you know that in probate court the financial sins of a son or daughter […]
Every business changes with the times. New strategies, formulas and trends come and go. Real estate is no different. Over my 25+ plus years I’ve seen so much. Most of the change has been technology based. In 1989, I remember my broker was excited that he went out on a limb and bought a fax […]