how to buy a home in woodbridge virginia: Housing Prices Are Up 6.5% In Northern Virginia In 2015 - 08/05/15 02:12 AM
Real estate in Northern Virginia has recovered and surpassed the value reached in the peak of the boom market in 2007.
Housing prices in 2015 are up 6.5% as of June and are still climbing, and there is more pent up demand just waiting on the sidelines, ready to get into the game.
Below is a brief video that will give you insight into the psychology of potential buyers and sellers
Did you see yourself in that video?  Are you one of the folks who has been thinking about moving up to a larger home?  Do you think your home value is still in … (0 comments)

how to buy a home in woodbridge virginia: Congress Wants To Tax Mortgages To Pay For Transportation - 07/23/15 12:32 AM
Congress is working on a bill that will tack a tax on to mortgages to pay for transportation.  Email, call, or write your members of Congress today and say "No" to the government fee, or "G fee" on mortgages.
 
Drop what you are doing now and go to www.house.gov , look up your member of the House of Representatives, and send your member a fax or an email saying "No" to taxing mortgages.  Next, go to www.senate.gov, look up BOTH of your senators, and send them a fax or an email saying "No" to the G fee, government fee on mortgages.
Congress works for … (0 comments)

how to buy a home in woodbridge virginia: Homes For Sale In Lake Ridge Virginia - 07/20/15 02:35 AM
Homes for sale in Lake Ridge.
Lake Ridge is among the most popular communities in Woodbridge.  Lake Ridge was the first large planned community with a home owners association, pools, recreation facilities, lake front park, and shopping.
Approximately 20,000 people call Lake Ridge home.
There are links below that will show you lists of homes for sale in Lake Ridge.  If you want to see any of the homes on the  lists, give me a call or send a text to me at 703-677-1120.
As of July 20, 2015, there are 54 single family homes for sale in Lake Ridge. Click here now to see … (1 comments)

how to buy a home in woodbridge virginia: Why Are Home Loan Interest Rates Rising? - 07/17/15 02:50 AM
Home mortgage rates are up from 2.5% in January to 4% in July 2015. 
Economists forecast rising interest rates on home loans in 2015, with rates reaching 5% by the end of the year.
Why are rates rising?
There are more than one reason why rates are rising.  Other investments are offering investors greater rates of return on their money, causing them to pull their funds away from the bond market that backs home mortgages.
The stock market is the primary investment pool that is attracting money away from the bond market.  Corporate profits are up, feeding higher dividends, and rising stock values.   Institutional … (0 comments)

how to buy a home in woodbridge virginia: What Is A Luxury Home In Woodbridge Virginia? - 06/23/15 11:42 PM
A luxury home is a home priced in the top 5% of the market.
In Woodbridge, the luxury home market is defined as single family homes, priced over $700,000, with 4+ bedrooms, 2+ bathrooms, a basement, a 2+ car garage, that is a standard sale (not a short sale or foreclosure).
The average price for a single family house in Woodbridge Virginia is $365,728 according to the Metropolitan REALTORS Information Service (MRIS).
 
There are currently 14 luxury homes on the market for sale over $700,000 in Woodbridge, Virginia, at an average price of $1,043,193.
11 luxury homes have SOLD over the past 90 days at … (0 comments)

how to buy a home in woodbridge virginia: The Real Estate Market Has Slowed For 2 Reasons That May Surprise You - 11/16/14 11:30 PM
The market has slowed, but it doesn't FEEL like it has slowed for buyers or sellers.  That's because supply and demand have kept pace with the market.
Here is what I mean.
Fewer first time buyers are entering the market.  So fewer first time buyer home are selling.  The folks who want to sell what were their first homes and plow their equity into their move up homes are waiting longer for a sale.
Other first time sellers are cashing in on the outrageously expensive rental market.  They are keeping their first homes, renting them out, and buying their move up … (0 comments)

how to buy a home in woodbridge virginia: Woodbridge Virginia Real Estate News - 10/17/14 12:53 AM
Find out what is happening in the Woodbridge Virginia real estate market right now.  The market has shifted, and if you are considering buying a home in Woodbridge, your timing is ideal.

The spring and summer months were a sellers market in Woodbridge, with not enough inventory to meet demand, and bidding wars were common.
Autumn has arrived, and the market has slowed to a buyers market.  No more bidding wars, inventory is up, and buyers have choices.  Prices are holding steady, and sellers are not having to give away the farm to sell their houses, but they are being … (0 comments)

how to buy a home in woodbridge virginia: Sub-Prime Mortgages Are Back (But Don't Call Them Sub-Prime) - 10/08/14 04:34 AM
Remember sub-prime loans?  Loans that required a body with a pulse that could fog a mirror, no matter whether or not the borrower had a chance of making the payments.
Sub-prime loans (but don't call them sub-prime) are returning to the market.

Mountainview Mortgage Management Company (MMMC) is offering sub-prime loans under the banner of "non-prime" loans (catchy... don't ya think?).
If you have a 640 credit score, and it's been a year since your bankruptcy, you can get a non-prime loan, so long as you meet the generous debt-to-income ratios.
This time, these loans will not be packaged into … (1 comments)

how to buy a home in woodbridge virginia: Not All Lenders Lie, But Some Do... - 09/08/14 05:52 AM
Find Out How And Why Some Lenders Lie Just To Get Your Business
Vinnie Apostolico is one of the good guys in the home loan industry.
Vinnie is a staunch consumer advocate, and invests heavily in educating and empowering consumers, similar to my mission here on this website.
Last week, Vinnie posted this very familiar story on Facebook:
HOW EMBARRASSING – The level of incompetence is at EPIDEMIC PROPORTIONS in my industry. Folks, this happens way more often than you could possibly imagine. I get a call from a person 5 minutes ago. He has a pre-approval letter from a lender for … (1 comments)

how to buy a home in woodbridge virginia: Justin Got His Dream Home, You Can Too - 08/25/14 04:58 AM
Justin Got His Dream Home In Woodbridge Virginia With Erick Blackwelder
 
Justin is in his mid-twenties, and he decided it was time to buy a home and stop paying rent, and excessive income taxes.  Justin has a good job, that pays well, and he's on the fast-track to bigger opportunities.  He needed a tax write-off.
Please bear in mind that I am not an accountant.  For competent advice about the potential tax savings you could get from a mortgage payment, instead of a rent payment, I urge you to seek advice from the CPA of your choice.
First, Justin had … (0 comments)

how to buy a home in woodbridge virginia: Josh And April Priced Their Home Under Market And Sold For Top Dollar - 08/14/14 12:18 AM
Josh And April Priced Their Home $10,000 Below Market And Sold For $5,000 Over Market Price
Josh and April were newly weds when they bought their starter home with me eleven years ago.  Over the past eleven years, they have birthed three children, so they have outgrown their townhouse.
 
They wanted to move to a single-family home with a deck or patio, a fenced back yard in which the kids could play, and a home office for Josh because Josh is tele-commuting three days a week.
I pulled a comparative market analysis (CMA) from the multiple listing service (MLS) database … (0 comments)

how to buy a home in woodbridge virginia: A Topic That Has Nothing To Do With Real Estate In Woodbridge VA - 08/09/14 02:55 AM
How Much Fuel Per Person Does A Boeing 737 Consume Flying From Reagan National Airport To San Diego?
Airplanes are fascinating.
I have been around airplanes my entire life.  My Dad was an Air Force pilot, so I grew up on or near Air Force bases around the world.
I got my pilot's license as soon as I got out of college, so I've been flying for 34 years.  
I bought my own airplane in August 2001.  A Cessna 152.

After I wrote a blog post this week about cruise ships, and their fuel consumption, I decided to write … (2 comments)

how to buy a home in woodbridge virginia: Trivia That Has Nothing To Do With Real Estate In Woodbridge Virginia - 08/08/14 02:47 AM
This Post Has Nothing To Do With Selling Houses In Woodbridge Virginia
Here Is Some Trivia About Cruise Ships
My wife and I love vacations aboard cruise ships.  We have cruised 18 times in 30 years of marriage, and we have scheduled number 19 for a week this fall.
I love cruise ships.  Those floating cities that travel over 1,000 miles during a typical 7-day cruise are fully self contained.  
So I got to thinking... how much fuel does a cruise ship burn on a typical 7-day cruise?
I Googled the topic and found some fascinating answers.
Cruise ships burn … (0 comments)

how to buy a home in woodbridge virginia: How To Sell Or Buy A Home In Woodbridge Virginia - 08/06/14 02:03 AM
How To Sell Or Buy A House In Woodbridge Virginia
Working With A Traditional Real Estate Salesperson vs A Real Estate Consultant
 
You want to sell or buy a house in Woodbridge Virginia.  You know you want a real estate agent to do the job for you, but you don't know how to choose an agent.
When you hire an agent, you have a choice between two options: A traditional real estate salesperson vs a real estate consultant who works on a referral basis.
A traditional real estate salesperson works on a transactional basis, with little regard for your emotional … (0 comments)

how to buy a home in woodbridge virginia: Woodbridge Virginia Real Estate Market Update August 4, 2014 - 08/04/14 12:03 AM
Statistics About Homes Sold In Woodbridge Virginia
Woodbridge Virginia Real Estate News
Homes Sold
Overall, the market statistics show that we have a healthy real estate market in Woodbridge, Virginia.
The median SOLD price for homes under $500,000 is higher than the average price.  This means that many homes have sold for more than the list price.  
The median price is the price at which an equal number of homes sold below the median equal the number of homes sold over the number of homes sold above the median.   
The typical DOM for homes priced AT the market is … (0 comments)

how to buy a home in woodbridge virginia: Be On A Cruise Ship In 90 Minutes From Woodbridge Virginia - 07/30/14 03:48 AM
Catch A Cruise Ship At The Port At Baltimore
You Can Board Your Cruise Ship Just 90 Minutes Drive From Woodbridge Virginia
You want to go on a cruise, but you don't like the hassles associated with flying to Miami or Fort Lauderdale.  In the old days, the cruise lines were based in Miami, Fort Lauderdale, and San Juan.  No more.  
You can now catch a cruise at the Port At Baltimore, just 90 minutes drive time from Woodbridge Virginia.
As I write this post my wife is with her mother on a cruise to Bermuda.  My wife and I … (3 comments)

how to buy a home in woodbridge virginia: Family Finds Dream Home In Woodbridge Virginia - 07/13/14 02:19 AM
How To Buy A Home In Woodbridge Virginia
How To Find Your Dream Home In Woodbridge Virginia

Tom and Diane were referred to me by my client, "Big Ben", who worked with me to buy a home last year.
Tom and Diane wanted to move their growing family from their townhouse to a single family home in Woodbridge.  The townhouse was a good starter home when they were newly weds, but it was too small for three children.
They chose to keep the townhouse as a rental property.  
So the task ahead of them was to find a single … (1 comments)

how to buy a home in woodbridge virginia: Take A Photo Tour Of Homes In Woodbridge Virginia - 05/20/14 02:00 AM
Take A Photo Tour Of Homes In Woodbridge Virginia
Woodbridge Virginia Real Estate News
How To Buy A Home In Woodbridge Virginia

You want to own your own home in Woodbridge, but you don't know where to start.
The first step is to text or call me at 703-677-1120 for the name and phone number for a reliable loan officer who will pre-approve you for a home loan (Unless you're paying CASH for the property).  
Not all loan officers or mortgage banks are the same.  For example, pretend you're getting your home loan through your retail bank, the bank … (1 comments)

how to buy a home in woodbridge virginia: Text Messages And Real Estate In Woodbridge Virginia - 05/09/14 02:13 AM
Text Messages And Real Estate In Woodbridge Virginia
A Listing Instructed Me To Text To The Owner's Cell To Make An Appointment To Show His House
Woodbridge Virginia Real Estate Showings Have Caught Up To The 21st Century

I was making appointments by phone to show houses to one of my home buyers in Woodbridge Virginia.  
The customary procedure is to call the owner directly and make the appointment, or at least leave a message on their voice mail, advising them who I am and when I'll be showing their house.  
While making appointments this morning, I came … (0 comments)

how to buy a home in woodbridge virginia: Two Car Garage Townhomes For Sale In Woodbridge Virginia - 04/14/14 03:11 AM
Two Car Garage Townhomes For Sale In Woodbridge Virginia
You Get A Home With The Square Footage Of A Single Family Home
You Also Get A Two Car Garage
You want a large home with a two car garage, but you don't want a large yard and the maintenance that goes with it.  A two car garage townhome could be the answer for you.

If you watched the video, you saw two townhomes with the square footage of some single family homes, plus you saw townhomes with two car garages.
If you don't want a lot of yard work, a … (1 comments)

 
Erick Blackwelder, Text or call Erick now at 703-677-1120. (Cell: 703-677-1120)

Erick Blackwelder

Text or call Erick now at 703-677-1120.

Woodbridge, VA

More about me…

Cell: 703-677-1120

Address: Exit Realty Associates, 8998, Lorton, VA, 22079

Office: (703) 590-2252

Mobile: (703) 677-1120

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