northern virginia real estate: Northern Virginia Weekly Real Estate Market Update - 01/17/12 12:31 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!
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northern virginia real estate: Buyers! Are you aware of changes in the 2012 sales contract? - 01/03/12 04:25 AM
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)

northern virginia real estate: Where have all the good homes gone? - 01/10/10 11:33 PM
NAR recently released statistics revealing the NATIONAL home sales activity had dropped in November 2009 16% over 2008. However, our LOCAL market here in Northern Virginia had seen an increase of 6.2% in contract activity.  Real estate has always been and will always be hyper-location based. In my own neighborhood there is a much different picture from one side of the street to the other side of the street due to one side belonging to a very desirable zip code and the other side not so much. 22042 zip vs. 22046 zip have very different statistics yet they are a stones … (1 comments)