Whenever you sell a home, it is very important to make sure the home’s problems have been taken care of as well as possible. It may cost you an out of pocket expense but at the same time, you may also be able to increase the selling price of your home to recoup those expenses. [...]
The real estate markets are on the rise a little bit. Pending home sales are rising by more than 7%. This is the highest it’s been in 19 months, according to the National Association of Realtors. NAR Chief Economist Lawrence Yun states: “Housing affordability conditions are at a record high and there is a pent-up [...]
Virginia is one of the most distressed real estate areas in the United States. The Country as a whole is suffering quite a bit in the real estate area. The job market has a direct connection to the real estate market. If people don’t have jobs, they won’t be able to maintain their mortgages. This [...]
Even though prices and interest rates for homes are at an all time low, the number of foreclosed homes is slowly piling up. That’s because the number of foreclosures take a while to process the paperwork. Lenders are making sure that all paperwork is done correctly in the wake of the financial crisis. On average [...]
Upward mobility is a growing trend in the United States. Not many people live and work in the same area for years and years like our parents and grandparents. Most of us were raised in the same home growing up. Today, most people move for that better paying job. Especially in this economy, you sometimes [...]
Since Washington, DC and the surrounding areas have such a large and diverse population, there is something for everyone. Of course, most people will want something that is comfortable to them and their lifestyle. Here are a few of the hottest markets in the real estate arena: Anacostia Waterfront – This is the fastest growing [...]
Everyone believes their property is worth more than others may think. This is because you pay for it, you live in it and it is worth a lot to you. But, these factors aside, do you really know what it is worth if you decide to sell it? Or, if you are looking to buy [...]
With the year 2012 just around the corner, many are wondering what the future will hold for the real estate market in the Washington, DC area and other parts of the country. Even though it will probably not be an extremely good year, it is also not supposed to be quite so bad as the [...]
There has been some very lucrative tax credits that last a few years when buying or making home energy efficient. However, the best part of those credits are just about gone as 2011 rounds to a close. So far, there has not been a tax credit decision for 2012 in Congress but existing homeowners who [...]
While the housing market statistics for May are not great, there is a hint of good news for those in the northeastern states. Sellers, and those who have purchased in recent months saw median home prices rise some 6.1% – for many, that’s an increase of 6.1% in equity. Employment and the ability to afford [...]
America’s economic rebound depends on a real estate recovery, but many people are asking, “what’s it going to take to get it all going?” Housing always leads the economy in recoveries, and this one will be no different. In fact, already there are signs that housing is perking up. The most important factor driving home [...]
There seems to be a trend over the last few years of buyers, and builders, downsizing. If you are one of those considering a move to a small property, there are a few things you need to be aware of first. The most important is the market in general. We often quote the phrase, ‘it’s [...]
How can you tell a seller is desperate? It’s not easy but there are some indications. The questions is, as a buyer, should you look for those desperate sellers? A cautious approach is always a good idea and desperate sellers can be ideal for finding homes below market value. Some indications of a desperate seller [...]
Time is running out for first home buyers that are hoping to capitalize on the Federal home buyer tax credits. Claims can be made by all eligible home buyers but only if their sales contract is signed by Friday, April 30 – that’s this coming Friday. After that, home buyers are on their own. If [...]
With the tax credit on home purchases about to end should home buyers stress if they look like missing the boat? If you are in contract negotiations then perhaps yes. If you are still ‘just looking’ then perhaps not. One of the most noticeable affects of the tax credit was the surge in interest in [...]
Should you enter into a mortgage today, especially if the interest rates are higher due to low deposits or credit difficulties? A report released yesterday provides a clear indication that real estate prices are slowly recovering with averages already back to 1996 prices. While that may not sound too promising, it should be remembered that [...]
One of the hardest questions to answer relates to pricing real estate. If someone walks in off the street with an address and asks us for a valuation, it is impossible to provide one without further information. This includes personally viewing the property as well. There are a number of factors that go into the [...]
