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paragraph 7: "You're a Homeowner Now" - 04/29/09 05:12 PM
Recently (actually yesterday), I sold a two bedroom condo in Alexandria.  My client David lived in this particular condo for 8 years and 2 years ago after getting married, Dave and Lizzie extensively renovated the unit.  It looked and showed great and the new owners got a great deal on a great condo.
Last week after the home inspection, the buyers came back with a very long list of walkthrough items and home inspection issues.  13 items in total, which was a bit surprising since we're only talking about a 1309 square foot condo here!
Dave and I reviewed the list … (9 comments)

paragraph 7: See it Before You Sign It -- The Sales Contract - 04/02/08 09:09 PM
Remember walking up to the counter to rent a car while you are on vacation?
 
You know that before they hand you the keys and walk you out to the lot to inspect the car you'll be driving around in for the weekend, the clerk behind the desk presents you with a multiple page small print contract.
 
    "Please initial here, here, and here.  Sign and date on the bottom
      right hand corner on Page 3. We need 5 initials on this page and
      make sure you put a check mark in this box.  By the … (29 comments)

paragraph 7: Take Your Home for a Test Drive: The Importance of Home Inspections - 02/13/08 08:05 AM
You wouldn't buy that new or used car without taking it for a spin would you?
Everyone test drives a car before purchasing it.  Whether you are buying it from a dealer, a neighbor, a friend, or an advertisement on Craigslist, you'd be silly not to spend a little time taking a test run around the block or neighborhood.  A test drive gives you a sense of confidence that the automobile is in normal working order, that there's no obvious defects, and that you can trust the car to get you from point A to point B.
Having the home you … (36 comments)

paragraph 7: Mighty Paragaph 7 of the Sales Contract - 10/03/07 10:09 PM
Virginia is a caveat emptor state. 
 
That's Latin for "buyer beware."  For one reason or another, lawyers, Realtors, and the Catholic Church manage to keep the almost dead language on permanent life support.
Thus, when purchasing a home in Northern Virginia, it is very important to understand that there are certain disclosures and disclaimers that are made by the seller.  It is crucial to be aware of certain protections that are offered by the Regional Sales Contract. 
The mightiest of these protections is Paragraph 7 of the Regional Sales Contract.  Paragraph 7 is so important that I read it verbatim at our initial … (28 comments)

 
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Brian Block -- Northern Virginia & D.C. Real Estate

McLean, VA

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RE/MAX Allegiance, Managing Broker/Branch Vice President

Address: 6226 Old Dominion Drive, McLean, VA, 22101

Office Phone: (703) 626-0715

Cell Phone: (703) 626-0715

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