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Property Management 101
Property management is a business in and of itself. If you want to invest in real estate, but you don't want to be a property manager, the solution is really quite simple: employ the services of Nesbitt Realty. Our property managers are experienced individuals who will manage the day-to-day operations of your property. We manage...Continue reading→
Are disclosures required in emails?
In the Commonwealth of Virginia, emails sent for the purpose of advertising real estate services must contain specified disclosures at the beginning or end of the message. Does that mean disclosures are required in all emails? Let's look at the case of Earl and Brian. Earl lists his home for sale with an agent named...Continue reading→
The difference between equitable title and legal title
Do you know the difference between equitable title and legal title? Equitable title is conveyed to the buyer when the seller signs the offer to purchase. A ratified sales contract creates equitable title. After closing and accepting the deed, the buyer receives legal title.
First-Time Home Buyers: This Spring’s ‘Wild Card’?
First-time home buyers represented the fastest growing segment of home purchasers for January and February, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. Meanwhile, current home owners looking to move up posted the largest drop in market share in the month, dropping to the lowest market share recorded of current home owners since...Continue reading→
Fannie Mae Soars to Record Profits
Mortgage giant Fannie Mae reported $17.2 billion for net income in 2012, its largest annual profit ever, The Wall Street Journal reports. The housing market’s recovery is leading to fewer loans going bad, which is in turn helping Fannie see rising profits. Timothy Mayopoulos, Fannie’s chief executive, said he expects Fannie to “remain profitable for...Continue reading→
Homes For Sale Near Upton Hill Regional Park and Seven Corners
Upton Hill Regional Park, located at 6060 Wilson Boulevard in Arlington, Virginia near the Arlington and Fairfax County line at the intersection of Patrick Henry Drive and Wilson Boulevard. Upton Hill offers local residents and visitors alike a versatile, wooded recreational commons in the heart of one of the most densely populated areas of Northern...Continue reading→
Study: Buyers Can Afford Bigger House If It’s New
The National Association of Home Builders says its new study shows that home buyers can buy a more expensive, newer house and still have the same operating costs as owning an older existing home. NAHB examined data from the Census Bureau and Department of Housing and Urban Development’s 2011 American Housing Survey to determine how...Continue reading→
Americans Showing More Desire to Buy
The percentage of U.S. residents who say owning a home is an essential part of the American dream has hit a three-year high, reaching 79 percent, according to the CNBC-All-America Economic Survey. What’s more, the number of Americans who say it is better to own than rent grew by four points to 69 percent, according...Continue reading→
VAR’S Fight to Reduce Grantor’s Tax Increases in Northern Virginia
Some last-minute work by VAR has paid off: In his proposed amendments to Virginia’s transportation bill, Governor Bob McDonnell has asked that the proposed grantor’s tax increase in Northern Virginia be reduced from 25 cents per $100 to only 15 cents. The bill passed by the General Assembly included a regional package for Planning...Continue reading→
How may an appurtenant easement be terminated?
An appurtenant easement can be released by the dominant estate. An appurtenant easement is also released if the necessity for the easement no longer exists. An appurtenant easement is one of two primary types of easements. The other type of easement is an easement in gross. An easement in gross is attached to a particular...Continue reading→