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Seller’s Market Developing in Much of the U.S.
Existing-home sales edged up in January, while a seller’s market is developing and home prices continue to rise steadily above year-ago levels, according to the National Association of REALTORS®. Sales rose in every region but the West, which is the region most constrained by limited inventory. Total existing-home sales, which are completed transactions that include single-family...Continue reading→
4 Big Short Sales Hang-ups
Short sales are increasing this year, and these transactions can take up to three times longer than a traditional transaction. A lot can go wrong in that timeframe. These are the most common delays, according to a recent article by George “Gee” Dunsten, a real estate broker and president of Gee Dunsten Seminars, at RISMedia....Continue reading→
Condo Shortage on the Horizon?
According to Tom Meyer of Condo 1, "Arlington is a boom town. Just look at the cranes in Courthouse, Clarendon, Ballston. New office buildings, new rental projects, new restaurants and retail. BUT .... New condos? Nope!" Real estate data seems indicate that condo and home prices in Arlington are about to rise. Tom says, "We...Continue reading→
Buy Near the Friendly Rails
"Transit-oriented development" sounds like a solution to a variety of urban problems. If people could live and work within walking distance of a train or bus stop, people could save money on gas, people without cars could commute more easily, neighborhoods could reduce congestion and pollution, and economic growth could follow. Generally, it makes sense...Continue reading→
The Recession Changes Americans’ Moving Patterns
Moves across county and state lines are falling, with the 2007-2009 recession blamed for changing Americans’ moving patterns, according to an analysis of census data through 2010. The Great Recession caused more Americans to move because they could no longer afford to remain where they were. That's a big change in what traditionally motivates Americans...Continue reading→
Cabinetry: The Backbone of a Hardworking Kitchen
As kitchens have become rooms for doing more than just cooking, the need to maximize space has become paramount. That’s where cabinets come in handy. Learn about home owners’ options in using these to creative aesthetically pleasing storage solutions. As the number of kitchen accessories has increased, cabinetry has become both a major necessity and...Continue reading→
What is a Buyer Agency Agreement?
A buyer agent is a real estate agent that represents the buyer. A Listing Agent is an agent that represents the Seller. The buyer agent does not get paid to show homes to clients. A buyer agent only gets paid if the buyer contracts for and purchases a home. Your buyer agent can show you...Continue reading→
Changes to Agency Law in the Commonwealth of Virginia
Virginia replaced the common law of agency with legislation that governs agency relationships in Virginia. The principal broker is responsible to ensure compliance with Virginia agency obligations, including keeping records of specified agency disclosures and following various duties owed to clients and customers. However, both the principal broker and any salesperson or associate broker may...Continue reading→
The Best Real Estate Deal in the History of Alexandria VA?
In 1669 John Alexander bought the land that became Old Town Alexandria from an English ship captain. John Alexander paid the tidy sum of 6,000 pounds of tobacco. Almost twenty years later, the town of Alexandria was formally established in 1749. Today, visitors, tourists and travelers alike come to Alexandria VA to taste the quaint...Continue reading→
What is the Purpose of Condominium Documents?
As with any home purchase, location, size and price are important. With a condominium you'll also want to understand the ownership scheme. This type of information is found in the "condo docs" or condominium documents. Most states, and the Commonwealth of Virginia, require condo doc disclosure before any purchase contract is finalized. The condo docs...Continue reading→