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Underwriter = Ultimate Procrastinator - 01/31/12 09:53 AM
Procrastinate: to defer action; delay: to wait until an opportunity is lost. Well, that pretty much sums it up.
What does the underwriter do? They are responsible for determining if the risk of offering a mortgage loan to a particular borrower under certain parameters acceptable. It is always up to the underwriter to make the final decision on whether to approve or decline a loan. Seems like an important job, right? So why do they not bother to look at a file until the day before closing to make the decision to approve or decline?
When a transaction … (19 comments)
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Yes Virginia! We are an "in-bound" State! - 01/27/12 12:43 PM
Per the Atlas Vine Lines Moving Migration Chart, Virginia is an "in-bound" State! More than 55% of total shipments are moving INTO the State. Click here to view the chart to see how your State had performed.
This helps explain Northern Virginia's low available housing inventory (2.9 month supply!) and the increase in demand for housing.
If you are "migrating" to Northern Virginia, Let's Talk!
Heather Embrey
Your :) Real Estate Source
Realtor®, Associate Broker - Licensed in Virginia
GRI, ABR, SRS, SRES, SFR, ePro
NVAR Leadership Institute - Class of 2011
NVAR Board of Directors - 2012, … (0 comments)
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Why does a home inspector matter? - 01/26/12 12:17 PM
Now that homes in Northern Virginia convey "as is", a good home inspection is more important than ever. I only recommend ASHI certified inspectors who provide very detailed pdf reports that note the condition of all items of the home - not just the defects. Wonder why that matters? Well, the new contract (as of 1/1/2012) allows the purchaser to select the the date at which they accept the home "as is". They may select as of the contract date, as of the home inspection date or any other date. While there are pros & cons to each option, the … (2 comments)
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Buyers: Are you Limiting your Property Search to the Internet? - 01/25/12 08:06 PM
It is no surprise that most buyers begin their search for a home on the inter-net. But what is surprising is that most of these buyer ONLY look on the inter-net. There are many other ways to find your perfect home. Here are a few techniques I use when shaking down a neighborhood to find the best house for a my client:
1. I look up expired listings. Sometimes a buyer makes an attempt to sell but for one reason or another the home didn't sell. The Seller may still want to sell but has been turned off by the experience … (17 comments)
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Northern Virginia Weekly Real Estate Market Update - 01/17/12 08:31 AM
Northern Virginia saw a 3.5% increase in contract activity for the week of January 9-15, 2012 compared to the same week last year.
We checked to see if the weather played a role in decreasing activity this time last year – and it didn’t. So the second full week of the year was a good one – let’s hope for many more to come!
… (0 comments)
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Why I Really Should Read the Paper. - 01/09/12 09:39 AM
I stopped receiving the local news paper delivery. Not because I am tech savvy and can read it on my iPad and not to save the world by reducing my usage of tree-killing paper - although these are both good reasons! I stopped receiving the paper because I simply do not have time to read it. But I now realize am going to have to find the time because when I do get the chance to take a look I am always surprised at the misinformation that spills into articles about real estate.
I found the following quote in the Washington … (2 comments)
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MetroWest, Vienna Virginia - 01/07/12 04:51 PM
I just previewed the new homes at MetroWest in Vienna, Northern Virginia. While I was sad to see the tear down of the older homes that occupied this cornerstone property, I know that the greater good called for a community like this due to the conveniently walkable location to the Vienna/Fairfax/GMU Metro station and easy access to Route 66.
The townhomes available are typical in modern design with open floor plans and hi-end finishes. Considering the pickings for new construction near the beltway is slim, I feel the prices Pulte is offering is well deserved. For more details on this community, … (0 comments)
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City Park Homes Year End Real Estate Review (Falls Church VA) - 01/05/12 08:34 AM
So how did we do?
A Quick Year End Review of Our City Park Homes Real Estate Market :
In 2010, 24 homes were sold. The average sales price was $445,239. Only 3 of these sales were short sales and only one was a foreclosure. It took 74 days on average to sell a home.
In 2011, 28 homes were sold yet the average sales price dropped to $418,992. This dip is the result of an increase in short sales and foreclosures. In 2011, 6 of the homes sold were short sales and 2 were foreclosures. But homes … (0 comments)
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Buyers! Are you aware of changes in the 2012 sales contract? - 01/03/12 12:25 PM
There have been big changes to the Northern Virginia regional sales contract that you will use to strike a deal on your next home. Before this new contract, the seller warranted the following items to be in normal working order: HVAC, appliances, electrical & plumbing systems and smoke detectors. With the new contract that went into effect January 1, 2012, the property conveys "as is" with no warranty implied.
You will still have the right to conduct a home inspection and negotiate repairs - that has not changed. But the liability to the seller to HAVE to correct certain items is … (1 comments)
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Heather Embrey , Your :) Real Estate Source
Falls Church,
VA
More about me…
McEnearney Realtors Northern Virginia 571-236-2616
Office Phone: (703) 790-9090 x 447
Cell Phone: (571) 236-2616
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