northern virginia real estate blog: Fairfax County Ranks 13th Nationally In Traffic Congestion - 12/10/09 05:00 PM
While certainly not good news, there's some silver lining to this report that Craig Richardson (an agent in my office) discusses below regarding traffic congestion in the D.C. and Northern Virginia areas:
The traffic congestion points to the fact that our region is growing -- people are coming to the area.
Some … (3 comments)
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northern virginia real estate blog: Real Estate Quiz: The Results - 10/06/09 03:57 PM
Last week I posted THE REAL ESTATE QUIZ.
Thanks to everyone who participated. I know you've been waiting with anticipation for the answers.
Here they are (correct answer in BOLD & UNDERLINED):
1. What is the current minimum down payment on an FHA Mortgage?
A. 20%
… (4 comments)
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northern virginia real estate blog: September's Most Expensive Sales in Northern Virginia - 10/05/09 02:41 PM
Are you wondering about Northern Virginia real estate and pondering what has sold recently?
Here's some information about the most expensive home sales in Northern Virginia (Arlington County, Alexandria City, Fairfax City, Fairfax County, and Falls Church City) for September 2009. All information was obtained through MRIS.
Luxury home sales have … (2 comments)
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northern virginia real estate blog: They Are Definitely Interested in Selling - 10/05/09 06:49 AM
"They're Definitely Interested in Selling!"
"Thanks for letting me know" was my response to the listing agent who told me this nugget while informing me that there was a lockbox on the home and that I needn't call the sellers before showing.
Hmmm... I thought that's why most people put their … (7 comments)
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northern virginia real estate blog: Please Pardon this Blogging Intermission - 09/22/09 10:09 PM
Many times I wish there were more hours in the day. I've tried stealing hours from sleeping, but that doesn't work so well, especially in a career that involves some time on the road. To be honest, I can't even imagine yet what it will be like when we (God willing) … (14 comments)
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northern virginia real estate blog: Rev it Up: More Northern Virginia Homes are Selling and They're Selling Much Quicker - 08/13/09 04:12 PM
Gentlemen, start your engines!
Apparently the Northern Virginia real estate market has already heeded that cry. Some of the best news to hit the housing market in a while, the Northern Virginia Association of REALTORS reports that a total of 2,053 Northern Virginia homes sold in July 2009, a 10.55 … (11 comments)
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northern virginia real estate blog: There's No Such Thing as a "Small Sale" in Real Estate - 07/22/09 08:29 AM
From time to time I've had clients sincerely apologize to me for taking my time and causing me hassle for just "my small sale."
I always give them this same explanation:
There's No Such Thing as a "Small Sale" in Real Estate.
Sure, I've helped people purchase million dollar … (79 comments)
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northern virginia real estate blog: "We've Passed Your Name Along to Some Friends, Is That Okay?" - 07/20/09 10:57 AM
Work hard. Do a good job. Close a deal. Get referred to another buyer or seller. Repeat.
That's the way it should, can, and does happen. You can pay hundreds of dollars to hundreds of coaches who will all tell you the same thing: Try to build your business by referrals.
… (11 comments)
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northern virginia real estate blog: Is Your Real Estate Agent All Fat & Carbs, or Do They Have Protein? - 06/06/09 05:26 PM
As most health conscious people do these days, I found myself comparing the nutritional labels on various cereal boxes, juice containers, frozen meals, and other assorted products in the grocery store during my most recent trip to the supermarket. This got me thinking...
What if businesses, specifically, real estate agents … (29 comments)
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northern virginia real estate blog: Soaking up Sales: Early April Absorption Rates in Different Price Ranges - 04/09/09 01:19 PM
Absorption rates present a picture of how quickly properties are selling. An absorption rate analysis examines the current inventory of homes and looks back 6 months to see how many sales there have been to determine a monthly rate of sales over the most recent time period. Dividing the current inventory … (4 comments)
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northern virginia real estate blog: Is Now a Good Time to Buy Real Estate? The Game Show Version - 04/08/09 02:04 PM
It's the question that's on everyone's mind.
IS NOW A GOOD TIME TO BUY REAL ESTATE?
Let's see how that question would be answered on various classic game shows.
FAMILY FEUD
Cue up the music and my best Richard Dawson impression... "OUR SURVEY SAID":
According to the Pew Research Center's March … (6 comments)
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northern virginia real estate blog: Are We Going to See Some Mass Migrations? - 02/17/09 05:48 AM
California is dead broke. Kansas won't send out tax refunds. New York's got a big budget shortfall.
You'd be hard-pressed to find a single state with a huge surplus these days...
They say people vote with their feet.
Are we going to see some mass migrations across the United States? Who … (16 comments)
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northern virginia real estate blog: Read 'Em Their Rights -- Miranda Rights for Home Sellers - 02/03/09 06:58 PM
As anyone who watches Law & Order, CSI, or any other television show or movie featuring policemen, knows, criminals are entitled to be read their Miranda rights before being carted off to jail. Having studied this in my criminal law class back in law school, I know that this stems from … (25 comments)
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northern virginia real estate blog: How Many Homes Sold in 2008? How Many Will Sell in 2009? - 01/01/09 08:14 AM
HAPPY NEW YEAR!
Before looking ahead, it's important to take a look back at real estate sales for 2008. At the start of 2008, inventory of homes on the market was very high and it certainly looked like home sales were going to be tough. What we ended up with is … (7 comments)
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northern virginia real estate blog: Scraping the Bottom of the Market? - 09/21/08 07:37 AM
About a year ago, I posted Waiting for the Bottom: Don't Bother. The advice in that post still holds true and I'll repost the content of that article here. At the Northern Virginia Association of REALTORS Economic Summit the other week, area economists stated that we are now "Scraping the Bottom … (10 comments)
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northern virginia real estate blog: "J" is for Jobs; That's Good Enough for Me! - 09/16/08 10:25 AM
Let's think for a moment about economic factors that can affect the real estate market:
Supply, demand, interest rate, affordability, credit, incentives, prices...
Then let's think about the one thing that affects a region's economy and in turn the housing market more than just about anything:
JOBS
"J" is for Jobs; … (1 comments)
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northern virginia real estate blog: Seller's Settlement Costs in Virginia - 09/07/08 02:15 PM
What are the closing costs paid by the seller?
An Explanation for Northern Virginia sellers
Usually when one discusses closing costs in connection with the purchase and sale of a home they are referring to the costs incurred by a purchaser. These costs include items such as lender's fees, money … (7 comments)
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northern virginia real estate blog: When They Tell You Their Company is #1, Ask for the Proof! - 06/27/08 05:15 PM
Numerous agents and companies go around touting:
"We're #1"
"Top Company in Sales"
"Highest Sales Volume in the Region"
"We Sell More"
"Highest Number of Sales"
Anybody can say it, but can they all prove it?
That's what's important.
Next time an agent says that their company is the … (18 comments)
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northern virginia real estate blog: What's Hot & What's Not for Real Estate this Summer - 06/24/08 07:35 PM
Unlike the latest hit song or fleeting celebrity of Ashley Dupre (who? oh yeah, that was Eliot Spitzer's call girl), real estate is always a hot topic. Whether the market's going up or going down, having a home and a place to rest your head at night will always rank … (91 comments)
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northern virginia real estate blog: Now Taking Requests - 06/17/08 10:27 AM
As a Northern Virginia and D.C. REALTOR (and blogger), I see it as part of my job and duty to provide you (my readers) with valuable information about the area real estate market and I've been doing that for over a year, since March 2007. If you're new to this blog, … (6 comments)
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