how to buy a house in woodbridge virginia: New Website To Keep Up With Technology - 08/18/15 04:48 AM
You expect a world class experience when you visit a business website.
Every 3-4 years I have to update my website to incorporate new technology into the viewer experience.
This time I hired Dakno to build a new website for my business.  The website offers two search experiences.  First, you may search anywhere in Northern Virginia from the top search bar.  Second, you may search Woodbridge houses in specific price ranges, such as $400,000 - $450,000, starting at $200,000 and going to $1,000,000+.
The website is 100% mobile compatible, so it will work on your smart phone or tablet.
On the website you can also … (0 comments)

how to buy a house in woodbridge virginia: Rent Rates On Houses Reach New Highs - 08/03/15 02:18 AM
Rents have been rising by 5%+ per month since the first of 2015 as landlords take advantage of the shortage of rental housing across the Washington DC region.
Renting has become a luxury that some folks cannot afford if they want to live in a style to which they are accustomed.  Folks are compromising and taking smaller houses in order to afford the rent.  
Other folks are buying homes to get affordable house payments with the idea that they may only be here in Northern Virginia for one year, but they see that they can rent their house for positive cash flow … (0 comments)

how to buy a house in woodbridge virginia: Eight Waterfront Homes Under $1Million In Northern Virginia - 07/24/15 03:29 AM
Do you think waterfront homes in Northern Virginia cost millions of dollars.  Yes, some do cost $3Million-$4Million+.  
There are waterfront homes priced $1Million-$2Million.  But there are some homes priced under $1Million.
You want to live in a waterfront home in Northern Virginia, but you don't have a million dollars to spend on a house.
See eight waterfront homes for sale under $1Million in Northern Virginia.
Sure, they are not all 12,000 square foot mansions with maids quarters and 6-car garages, but most of them are what folks would call luxury homes.
If you would like to see any of these homes, call or text Erick … (0 comments)

how to buy a house 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 house in woodbridge virginia: 5 Ways HGTV Is Creating Unrealistic Home Buyers - 07/22/15 01:16 AM
I enjoy watching HGTV, but some shows are leading home buyers down an unrealastic path.
Here are 5 ways some home buyers are being lead astray by "reality" TV.
 
1. Open concept homes with stainless steel and granite are "normal", not the exception.
On some shows, every house is an open concept house with new appliances and stone counter tops.  That is the exception, not the norm.  The normal house has builder grade Formica counter tops, almond colored appliances, and oak cabinets.  Maybe one out of fifteen houses has an updated kitchen and updated baths in established neighborhoods.  Buyers, you need to reset your … (1 comments)

how to buy a house in woodbridge virginia: Why Are Home Rents Sky High In Woodbridge Virginia? - 07/17/15 05:54 AM
Why are rental prices sky high in Woodbridge Virginia?
Rental housing is in short supply, so landlords can ask top dollar for their houses.
It's a classic example of supply and demand.  Low supply, high demand leads to high rent.
For example, a lovely 4 bedroom, 2.5 bath, 2 car garage single family home in Old Bridge Estates just rented for $3,000 per month to a military man coming to DC for a one-year class.
That house was up for sale or for rent.  If it were purchased with a VA, no money down loan, the monthly payment, including taxes, insurance, and home owners association … (1 comments)

how to buy a house 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 house in woodbridge virginia: What If The Housing Market Crashes Again? - 07/13/15 01:03 AM
What if the housing market crashes again?
Specifically, what will happen to the mortgage market if the money market implodes because Fannie Mae and Freddie Mac are sitting on too much "funny money"?
Sounds to me like Congresswoman Waters ran off and put her head back in the sand.
I don't see signs of a crash.  In fact, the market has recovered on strong fundamentals, common sense loans, and healthy property values.
Perhaps you have been thinking about selling your house and moving up to a larger home.  Or you want to sell your house and move down to something smaller now that the kids … (1 comments)

how to buy a house in woodbridge virginia: What Are The "In" Colors For Summer 2015 - 07/08/15 05:07 AM
Pastels and nature tones are the "in" colors for 2015.
Click Here Now to see professional samples of this season's colors.
If you are painting your house to prepare it for sale, be sure you call me first.  My job is to help you prepare your house for the buyer's eyes.  You don't want to make a mistake.
Call me at 703-677-1120 for a pre-listing color consultation.
I will also give you tips on staging your house.
Call now, 703-677-1120.
Erick Blackwelder
Exit Realty Associates
8998C Lorton Station Blvd
Lorton, VA  22079
Equal Housing Opportunity
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how to buy a house in woodbridge virginia: Woodbridge House Values - 07/08/15 01:48 AM
What are Woodbridge house values?
That depends on where in Woodbridge you are talking about.  Woodbridge spans a wide area.  Values are different on the east side of I-95 from homes on the west side of I-95.
Newer homes tend to have more glitzy features, like high ceilings, granite counter tops in the kitchens, stainless steel appliances, wood or tile floors.  New homes usually have large, luxurious master suites, with luxury master baths and huge walk-in closets.  Newer single family homes east of I-95 sell in the $450,000 - $850,000 range.
Older homes, built in the 1980's, typically have 8' ceilings, fewer windows, smaller … (0 comments)

how to buy a house in woodbridge virginia: $5Billion+ Homes Sold Past 30 Days - 06/23/15 02:57 AM
Our Multiple Listing Service, Matrix, covers a small portion of the nation.  Just for fun, I looked up the sales volume over the past 30 days.  
Within Matrix, 12,978 houses have sold over the past 30 days, adding up to a total sales volume of $5,104,779,619.  That works out to an average sold price of $393,341 per house. 
That's a lot of houses, and a lot of monetary velocity through the economy.  Velocity is a measure of the flow of cash economists track through the economy.
So curiosity lead me to wonder how many homes have sold within the Matrix network over the … (1 comments)

how to buy a house in woodbridge virginia: New Rules For FHA Appraisals May Scare Appraisers Away - 06/03/15 01:05 AM

Appraisers work hard for the money they earn.  A typical appraisal comprises many pages, with lengthy narratives about the subjective property, and three other similar properties that were used to support the value of the subject property.
New FHA rules for appraisals will dump a ton more work squarely on the backs of overworked appraisers.  I suspect the cost of an FHA appraisal will rise in response to the increased workload heaped on appraisers.
Don't get me wrong.  FHA home financing is one of the best home loans in the market today.  FHA gives you a low 3.5% down payment, resonable qualifying ratios … (0 comments)

how to buy a house in woodbridge virginia: Why Zillow Z-Estimates Of House Values Are So Wrong - 04/24/15 03:36 AM
One of the questions that real estate agents often get from consumers is “how accurate are the Zillow home value estimates”. There are more tools available than ever for the average person interested in buying or selling a home. The internet provides numerous resources for everything related to real estate – locating properties, viewing, listing, advice on buying and selling and even pricing calculators. Zillow is one of the more popular real estate websites that offer many of these tools. Unfortunately, while these tools can certainly prove handy, there are times when using them can give you unreliable information.
The Problem With Zillow Home Value … (6 comments)

how to buy a house in woodbridge virginia: Why Zillow Z-Estimates Of House Values Are So Wrong - 04/24/15 03:30 AM
 There are more tools available than ever for the average person interested in buying or selling a home. The internet provides numerous resources for everything related to real estate – locating properties, viewing, listing, advice on buying and selling and even pricing calculators. 
Zillow is one of the more popular real estate websites that offer many of these tools. Unfortunately, while these tools can certainly prove handy, there are times when using them can give you unreliable information. One of the questions that real estate agents often get from consumers is “how accurate are the Zillow home value estimates”.
The Problem With Zillow Home Value … (2 comments)

how to buy a house in woodbridge virginia: How Are Sales Of Homes Going In Northern Virginia? - 02/09/15 12:09 AM
Folks who are in the market for a home have noticed that the really NICE homes for sale in Northern Virginia are selling fast.
Home sellers who hire agents with EFFECTIVE marketing plans are pleased to see their houses sell for fast, for top dollar, and with the fewest hassles.
The matrix below shows you the pace of the market.
 
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how to buy a house in woodbridge virginia: Whatever You Do, NEVER Pay Off Your Mortgage - 12/18/14 12:12 AM
You would think one of the wealthiest men on the planet would mortgage-free.  He isn't.  As the value of his househe bought in 1957 has risen, Warren has taken a cash-out refinance of his mortgage.
Why would a multi-billionaire carry a big, fat mortgage on his house?
Buffett says, "A mortgage is the cheapest source of money to invest for higher returns".
Buffett has a 3.5% mortgage, that is costing him roughly 2% after income taxes.  Meanwhile, he invests the cash from his house in his fund that has an annualized return on 19.7% over the past 20 years.
What does … (0 comments)

how to buy a house in woodbridge virginia: Industry Experts Report Strong Winter Market For Sellers - 12/15/14 11:39 PM
The housing market doesn’t hibernate in the winter. Sellers who list and buyers who buy often find the winter season the most advantageous time to make a move in real estate, according to a new study by industry experts. The winter season officially takes place between Dec. 21 and March 20, and real estate professionals should be ready for a season that often brings in more focused and active sellers and buyers.
In an update to a two-year analysis it completed last year, researchers studied nationwide home listings, sales prices, and time-on-market data from 2010 through October 2014.
The study found … (1 comments)

how to buy a house in woodbridge virginia: What's Happening In Woodbridge And Why You Should Care - 11/05/14 11:33 PM
You want to buy or sell a house in Woodbridge Virginia, or elswhere in Prince William County.
You have been watching recent sales in your area.  You know what houses have been listed for, and you even know the sales prices of some of those houses.
Here is a matrix showing recent sales by price and category of houses.
Obviously this paints the market with a broad brush because it only looks at two price ranges, below and above $500,000 for single family houses, and below and above $300,000 for townhouses/condos.  You get the broad overview of the market.

The … (0 comments)

how to buy a house in woodbridge virginia: They Got More Than They Expected And Everything They Wanted - 11/05/14 01:37 AM
We found out about Erick from a guy at work who used Erick to buy a home and he was really happy with what Erick did for him.  
We needed a bigger house because my mom and dad were coming from Columbia to live with us. My brother was already living with us and our daughter.
We were living in a little 3 bedroom house with 2 baths in Dale City, and we wanted at least a 4 bedroom house with an extra bedroom and bathroom in the basement where my brother could have his own apartment.
Our plan was … (0 comments)

how to buy a house 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)

 
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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