buyers edge: First Time Home Buyer Class this Saturday! - 06/04/19 05:35 AM
Considering your first home purchase? 
Learn how to buy a home from true buyer agents in our comfortable office setting in downtown Bethesda Maryland.
Saturday, June 8th
9:30 am at 4849 Rugby Avenue Bethesda Maryland 20814
The ninety-minute comprehensive workshop is free but space is limited to 20 people. The instructors are Lynn Spiegel, Stephen Mercer, Marshall Henderson, and Victoria Ray Henderson-experienced true buyer agents and members of the National Association of Exclusive Buyer Agents. 
You’ll be given educational materials and the class will cover several critical home buying topics, including, but not limited to, the following:
·      An overview of loans and what type of loan may work best for your situation
·      An explanation … (2 comments)

buyers edge: The Post-Occupancy Agreement - 05/22/19 10:42 AM
Important Details To Understand When Signing a Post-Occupancy Agreement
Photo by Kaitlyn Baker on Unsplash
 
Home buyers planning to purchase a home in the current market need to consider all their options to be competitive. It's not uncommon for a seller to review four or more offers for a single property in the Greater Washington DC area. Here are a few ways buyers can make an attractive offer-
All Cash Offers are frequently given more attention than offers with conventional, FHA or VA financing. Writing a Contract with Limited Contingencies. The home inspection addendum includes the following options: the right to negotiate and cancel, the right … (1 comments)

buyers edge: Ignorance is Not Bliss in Real Estate - 05/06/19 11:47 AM

Photo by Darius Bashar on Unsplash
The Consumer Federation of America
released a report in January 2019 titled,
The Agency Mess
Home Buyer & Seller Confusion and Costs related to diverse and poorly enforced State laws about the Role and Responsibility of Real Estate Agents
 
I encourage all home buyers and sellers to read this extensive report since it impacts one of the most expensive financial decision you will make in your lifetime. The author of the report Stephen Brobeck had this to say,
 
"Today, many home buyers and sellers do not know whether their agent is representing their interests, those of the other party, or those of neither. Given … (2 comments)

buyers edge: May feels like the happiest month of the year-Wordless Wednesday - 05/01/19 07:50 AM

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buyers edge: How Not To Be A Bitter Buyer - 04/09/19 12:06 PM
The escalation clause is used by home buyers who are competing with other buyers in a multiple offer situation.
Photo by Ryan Franco on Unsplash
 
In the Greater Washington DC area, buyers are competing for houses on the market near a Metro station, shops, and restaurants. In Arlington Virginia, where the Amazon headquarters will soon be located, the competition is tough. Last week, we submitted a contract on a one bedroom condo in Arlington and ours was one of twelve offers!  We included an escalation clause which looks something like this;
Sales Price $350,000 with an escalation factor of $1000 and a cap at $365,000
This means the … (3 comments)

buyers edge: Cherry Blossoms in the Washington DC Area - 03/25/19 11:08 AM
Walking along the Tidal Basin when the cherry trees are in bloom is a magical experience. 
Photo by Mark Tegethoff on Unsplash
One year I remember seeing tourists with tiny pink blossoms in their hair and on their clothes. There was a slight breeze and pink swirly blossoms were flying everywhere. Like I said, magical. But it's also crowded and it's easy to walk right into someone as you gaze up at the beautiful blossoms. 
If you are planning to visit Washington DC to see the cherry blossoms in full peak bloom, the weekend of April 13th & 14th should be your target time to visit. There … (3 comments)

buyers edge: 5 Top Tips for Visiting Open Houses - 03/22/19 06:38 AM
The real estate agent at an open house works for the seller. 
In many states, there is a sign, usually next to the sign in sheet, saying the agent at the open house works for the listing brokerage and the seller. 
If you are new to the real estate game, be polite to the open house agent but don't divulge too much about your personal situation. You don't want to compromise your bargaining position if you intend to put an offer on a house.
Here are a few tips on what to do when visiting an open house. 
 
Don't show your hand-Remember, the … (27 comments)

buyers edge: A Podcast for Home Buyers - 03/11/19 05:54 AM
 A home buying podcast is in the works! 
 
Photo by Jason Rosewell on Unsplash
I spent about half an hour on the phone with a buyer client yesterday explaining the first steps to take as you prepare to buy a home.
We talked about the importance of meeting with a lender to be pre-approved for a loan.   I explained the importance of choosing the right location. This is a critical first step and should factor your daily commute, schools and other criteria that impacts your daily life. We had a good laugh about HGTV and the shows that make home improvement projects look so easy! But … (0 comments)

buyers edge: Are You Really Ready to Buy A Home? - 02/22/19 02:22 PM
Spring is in the air in the Greater Washington DC area!
Do you know how I can tell?
 
 
Photo by William Stitt on Unsplash
 
We are competing with many contracts for almost every house and condo for sale within walking distance to a Metro station. 
If you are a first time home buyer, follow these steps for success to find your home 
Talk to a lender before you begin looking for a home. A reputable local lender will help you determine your price range. He/she will also explain the types of loan packages and explain the options to find the best plan that works for you and your … (2 comments)

buyers edge: Top 5 Tips for Selling Your Home - 01/11/19 11:55 AM
 
 How To Sell Your Home Quickly
Advice from an Exclusive Buyers Agent
 
1. Paint the interior walls a neutral color - If you want to make your house as appealing as possible to potential buyers, paint walls beige or off an off white color. And take the time to do it right! Take the switch plates and outlet covers off BEFORE you paint the wall.
This picture shows what NOT to do before painting a wall. In the remarks section of the listing description for this house, it read,  "all rooms freshly painted!" They were painted all right but it looked like a very cheap … (3 comments)

buyers edge: 5 Best New Year Resolutions for 2019 - 12/30/18 01:23 PM

Photo by NordWood Themes on Unsplash
Thanks to Facebook, Twitter & Instagram, I'm all caught up on the latest and hippest new year resolutions. So this blog will not include plans to lose weight, eat healthy foods, exercise or make new friends. 
My 5 best New Year resolutions are practical and aim to make daily life easier and more enjoyable.  So here goes!
 
Organize family photos with Digmypics.com -We literally have thousands of pictures of family and friends. Some are framed and hanging on the walls of our home but the majority of the photos we have are in boxes and stored under a staircase. I … (4 comments)

buyers edge: Homes in Virginia's Shenandoah-Wordless Wednesday - 12/05/18 05:24 AM

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buyers edge: Arched Door in NW Washington D.C. -Wordless Wednesday - 11/07/18 05:04 AM

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buyers edge: 7 Things to do in November in Washington D.C. - 11/05/18 09:24 AM
 
November in D.C. offers so much to do & enjoy! 
 
 Visit the National Arboretum at 3501 New York Avenue N.E., the U.S. Botanic Garden 100 Maryland Avenue S.W, the Downtown Holiday Market from November 23rd - December 23rd at 8th and F Streets N.W., Zoolights at the National Zoo from November 23rd - January 1st and that's just some of the events happening in and around Washington D.C. during the month of November. 
 
Capital Food Fight Washington D.C. is a food capital! The Food Fight brings out some of D.C.'s best and brightest chefs and hosted by restaurant owner and author, Jose Andres. Local chefs battle it out using secret ingredients and guest … (0 comments)

buyers edge: Should You Consider a Post Occupancy Agreement - 09/24/18 11:56 AM
A post-occupancy agreement happens when a buyer & seller agree to allow the sellers to stay in the property after settlement. 
Photo by Roberto Nickson (@g) on Unsplash
When it goes well, the seller leaves the property on or before the agreed upon date. The buyer completes the final inspection with their buyer's agent and finds no problems. At that point, buyer & seller agree to release the security deposit funds (security deposit from the seller held in escrow by the settlement attorney) and everyone is happy! 
But the post-occupancy agreement can get complicated and messy especially when the buyer and/or seller don't understand how it works. So here … (10 comments)

buyers edge: 5 Things to Know When Buying a Home from an Owner - 09/19/18 08:14 AM
We recently worked with a buyer who purchased a house for sale by owner. The owner was actually a flipper who had hired a listing brokerage to put the property into the Multiple Listing Service. The owner was the point of contact and handled all the negotiations. 
Top 5 things to know to protect your best interest when buying a FSBO
THE SELLER DOESN'T KNOW WHAT SHE DOESN'T KNOW - Every jurisdiction has addendums and requirements which become part of the contract. Several of these addendums are provided by the seller. For example, in Montgomery County Maryland, it's mandatory for the seller … (2 comments)

buyers edge: Big redevelopment plan at the RFK Stadium - 09/17/18 09:58 AM
New recreational fields, walking & biking trails and a large pavilion at the old RFK Stadium parking lot. 
Twenty-seven acres of asphalt parking lots will be transformed into a 217,000 square foot sports complex. The $489 million dollar redevelopment project will include soccer, lacrosse and baseball fields. A pedestrian bike path will be linked to the existing Anacostia Riverwalk Trail. There will be picnic areas and several playgrounds. 
A 47,000 square foot market hall for food vendors 350,000 square foot indoor sports  & entertainment facility Construction on the RFK sports complex started this month and is expected to finish the first phase … (0 comments)

buyers edge: Thinking About Buying a Fixer Upper? - 09/10/18 08:46 AM
Here are a few major points to consider before you buy a fixer upper
 
Time had stopped in a house we toured last week. The in-house speaker system was original and installed in 1958. All the bathrooms had original tile, sinks, and tubs. The kitchen had original cabinets and only the refrigerator had been replaced. The basement had asbestos tiles on the floor and a swingin' Rat Pack style bar that took up an entire wall. 
How much do you think it would cost to fix this place up? 
Many home buyers love the character, craftsmanship, and detail found in an older home.  But before … (1 comments)

buyers edge: Water is Your Worst Enemy - 08/30/18 08:38 AM
How To Check a House For Water Problems
 
Earlier this summer, I was with my client on a home inspection. The home was a Baltimore rowhouse on Federal Hill, built in 1900. After discovering that three of the four walls of the house were wet and there was mold in the crawlspace under the kitchen, my client voided the contract. 
The sellers said they were not aware of the water problems and offered a home warranty to my buyer. However, no home warranty could fix this problem so we walked. I hope the sellers used the information in the home inspection report to … (3 comments)

buyers edge: Hang Up Your Phone and Live Your Life - 08/28/18 03:01 PM
Hearing a baby in distress is upsetting.
I was standing in line at the grocery store and I heard a baby's muffled cry. I did a quick scan of the area and didn't see the baby. Then she cried again and I saw her. She was scrunched onto one side of the baby seat of the grocery cart. Her head was hanging over the side of the cart and her feet had slipped onto the seat. She was in trouble! The baby's mother was standing right in front of her but her back was turned and she was typing furiously into … (20 comments)

 
Victoria Ray Henderson       Marshall Henderson, Real Estate for Home Buyers with Buyer's Edge (Buyer's Edge Company Inc) Rainmaker large

Victoria Ray Henderson Marshall Henderson

Real Estate for Home Buyers with Buyer's Edge

Bethesda, MD

More about me…

Buyer's Edge Company Inc

Address: Buyer's Edge, 4849 Rugby Avenue, Bethesda , MD, 20814

Office: 301.657.1475

Mobile: 301.922.1677

Email Me



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