home buyers in alexandria: 5 Ways Buyers Sabotage Their Home Purchase
- 07/10/18 05:49 AM
5 Ways Buyers Sabotage Their Home Purchase Buying a home is a big event and it can lead to a lot of different emotions. The excitement is wonderful but, the stress can get to you if you let it. Don’t sabotage your dream of owning a home. Steer clear of these mistakes and you’ll stay on track right through closing on your new home!
Maintain Your Pre-Approval – just because you’re pre-approved doesn’t mean it’s good forever or that it can’t be changed. You need to stay pre-approved until after closing – even after your loan is fully approved do not make any … (38 comments)
home buyers in alexandria: It’s A Seller’s Market and Then Some
- 06/13/18 12:12 PM
It’s A Seller’s Market and Then Some I had a call from an agent who showed one of my listings the first day it came on the market. She was calling to inquire about its availability and I let her know we already had an offer, were expecting one more and had a full day of showings scheduled. We had a good conversation and she planned to call her buyers and then get back to me.
Fast forward to the next day, she called back and said her buyers think I’m not being honest about having an offer. Citing that there’s just no … (25 comments)
home buyers in alexandria: Buying A Home vs. Renting A Home
- 06/08/18 02:17 PM
Buying A Home vs. Renting A Home In the spirit of June being National Homeownership Month I thought I’d revisit the topic of buying a home vs. renting. Long before I became a real estate agent I was a big believer in buying a home or multiple homes. My belief has only strengthened as the years have gone by. Many still consider it to be the American Dream to own a home and it’s truly not as hard as one might think. Gone are the days of needing 20% down in order to get a mortgage. Home prices are rising, so are interest … (25 comments)
home buyers in alexandria: Why are HOA so Different between Complexes?
- 03/14/18 08:39 AM
Broker Joan Cox in Denver Colorado provides valuable insight on HOA's. If you are a home buyer considering a home that's located in an HOA it's imperative to read the resale packet thoroughly.
Why do HOA fees differ so much between complexes? Multi-family buildings include a few items in their monthly fee such as water/sewer, trash, snow removal, grounds maintenance of common areas, exterior building maintenance with roof and insurance of the exterior building. Some don't pay for water/sewer and some do not pay for exterior building with roof. Some complexes have amenities such as a pool and clubhouse … (10 comments)
home buyers in alexandria: Buying A Home In Northern Virginia In 2018 – Part 2
- 02/17/18 05:02 AM
Buying A Home In Northern Virginia In 2018 – Part 2 This is part 2 of our buying a home in Northern Virginia in 2018 series. You can read part 1 of our series here. We pick up where we left off with senior loan officer Brian Pawsat of Caliber home loans to talk about taking the right steps to purchase a home this year and what the current market conditions mean for home buyers.
Brian makes an excellent point that unless you live with your parents you’re going to have a housing payment – that could be rent or it could be … (15 comments)
home buyers in alexandria: Buying A Home In Northern Virginia In 2018 – Part 1
- 02/08/18 05:17 AM
Buying A Home In Northern Virginia In 2018 – Part 1 Buying a home is a big decision and it takes proper planning; both in the form of planning financially and making a plan that's best for your own personal timing. We sat down with senior loan officer Brian Pawsat of Caliber home loans to talk about what he’s seeing for mortgage rates and down payments in 2018. We also picked his brain about the Northern Virginia real estate market.
Mortgage rates – they’re on the rise. We’ve all been talking about it for years but, it’s really happening. As of today’s … (11 comments)
home buyers in alexandria: 4 Bedroom Homes For Sale in Alexandria
- 01/05/18 11:18 AM
4 Bedroom Homes For Sale in Alexandria Low inventory continues to be a trend in the Alexandria real estate market along with many other areas of the country. This is typically the time of year that we see inventory increase, days on the market inch up, and overall slower activity but, this year it a little different. There are still a lot of buyers looking for the perfect home and the market has been busy.
A four bedroom home is something many of our buyer clients seek out, particularly when they’re looking for a single family home. We often hear from them … (13 comments)
home buyers in alexandria: Why You Should Buy A Home In The Winter
- 11/25/17 05:29 AM
Why You Should Buy A Home In The Winter Statistically home sales slow during the winter but, it’s a myth real estate stops all together. Touring homes in the cold and the wind isn’t as appealing as it is when the grass is green and the sun is shining but, as a buyer if you’re willing to brave the winter weather there are benefits to buying in the winter.
Fewer Buyers Equals Less Competition With sales being slower that ties back to there being fewer buyers in the market which means less competition. Spring can be a feeding frenzy where multiple offers happen regularly and … (25 comments)
home buyers in alexandria: 5 First Time Home Buyer Mistakes
- 03/26/17 05:47 AM
First Time Home Buyer Mistakes Buying a home is a big decision and if you’re a first time home buyer all of the unknowns can be downright overwhelming. Avoid these common mistakes that often occur when purchasing your first home.
Not Understanding What You Can Afford- getting pre-approved should be one of your first steps once you’ve decided you want to purchase a home. Your loan officer will take a look at your finances and determine what you can afford. This doesn’t mean you have to purchase a home that’s equal to the maximum amount you qualify for but, it does mean that you’ll … (33 comments)
home buyers in alexandria: How Does the Fed Affect Mortgage Rates?
- 03/17/17 11:17 AM
John Meussner with Mason-McDuffie Mortgage Corporation shares an excellent post with us. The Fed increasing rates doesn't mean it's time to panic over mortgage rates. Check out John's post to see how the Fed affects mortgage rates - you might be surprised at what you find! How Does the Fed Affect Mortgage Rates?
What does the Fed do to mortgage rates? In the words of the late Edwin Starr, "Absolutely Nothin'". Yesterday. Janet Yellen announced a .25 increase in the Fed funds rate, and those in the real estate industry seemed quick to scare the pants off of potential home … (11 comments)
home buyers in alexandria: 6 Expenses Home Buyers Often Overlook
- 02/19/17 06:27 AM
6 Expenses Home Buyers Often Overlook Becoming a homeowner is exciting but, it’s also a big investment and one that requires a lot of thought and preparation to make. Be sure to factor in these expenses that home buyers frequently overlook.
Home Inspection – while a home inspection isn’t required it is money WELL SPENT. Once you have made an offer on a home it’s in your best interest to have a professional conduct a home inspection for you. The cost varies on the size and type of home. In the Northern Virginia area they range from $250 to $750.
5 Ways Buyers Sabotage Their Home Purchase
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