buyersagentcom: Real Estate Terms & Definitions
- 06/28/16 01:03 AM
If you are buying a home, you need to understand these terms and definitions. Your Realtor should explain the home buying process but knowing these terms will get you "on the same page". As Exclusive Buyer Agents, we advocate for home buyers in Washington D.C., Northern Virginia, Maryland & Baltimore. We want home buyers to have fun while house hunting! After all, this is likely the most expensive purchase of a lifetime-it should be enjoyable. Contract-legally binding document between a home seller and home buyer. Terms and agreements signed off by all partiesRatified Contract-legally binding document signed by all parties involving specific agreed … (1 comments)
buyersagentcom: One Habit That Increases Success
- 06/12/16 04:27 AM
There's a simple practice that dramatically increases success. Yesterday, Marshall & I met first time home buyers at a local Starbucks. They started their home search at the end of 2015 with a real estate agent that they hired and then fired. They asked us lots of questions but the one question that stands out was this- "When I call or email you, how soon can I expect to hear from you?"
These young home buyers fired their real estate agent because she did not return their calls, texts or emails promptly. In fact, she would get back to them days later or not at … (4 comments)
buyersagentcom: Video Tour of Mosaic District in Fairfax
- 03/31/16 08:04 AM
Mosaic District in Fairfax Virginia Homes close to Washington D.C. and near a Metro station are always in high demand in Fairfax Virginia. Buying a home in Alexandria, Arlington, McLean and Falls Church means competition. You need to be pre-approved, working with an excellent local lender & checking MLS updates from your Realtor on a daily basis. According to the Northern Virginia Association of Realtors, most of the Northern Va housing data is good although some zip codes are outperforming others and the average sales price is flat.
Enjoy our short video tour of the Mosaic District in Fairfax Virginia located about a mile from … (0 comments)
In 1888, two brothers used the slogan above to advertise Glen Echo Maryland. It's a quaint little town upriver from Georgetown in Washington D.C. Glen Echo was famous for the Glen Echo Amusement Park which operated from the late 1800's until the late 1960's.
My grandparents would ride the street car out to Glen Echo Amusement Park
Glen Echo's amusement park is now a National Park. Every weekend, dances are held in the Spanish Ballroom, a restored 1933 Mediterranean Art Deco style building . Washingtonian magazine says the Spanish Ballroom dominates the local swing dance scene. On Saturday nights, there … (0 comments)
Helping people make the biggest purchase of their life is serious business. No matter what your educational background, buying a home is a learning process. The lender lingo; adjustable rate mortgage, PMI, PITI, escrow, good faith estimate, points... The real estate language; contract contingencies, ratified contract, broker split, earnest money deposit, kick out, buyer agent, exclusive buyers agent...
Members of the National Association of Realtors, follow a code of ethics & are expected to practice all business relations with competency, fairness and high integrity. In fact, I love this old version of the Golden Rule which is in the preamble of NAR's Code … (0 comments)
buyersagentcom: Beautiful Homes in McLean Virginia
- 02/11/16 03:06 AM
When Hollywood comes to Washington D.C. there's a good chance they'll be filming in McLean Virginia McLean is home to diplomats, high ranking government officials and members of Congress. McLean Virginia is a short drive to the Central Intelligence Agency and downtown Washington D.C. Single family home prices start in the mid 700's. In this price range, the homes are typically older, built in the 50's & 60's split level, two story rambler or colonial styles. Arts & Crafts style homes are popular in McLean. These homes are newer and built on lots where the original home has been greatly remodeled or torn down. In Elmwood Estates of … (2 comments)
buyersagentcom: Washington DC Housing Market
- 02/08/16 01:54 AM
It's fun to review last years SmartCharts data for the Mid Atlantic Region and compare it to our personal experience with home buyers. Last year, we got off to a slow start and that's reflected in the chart below. According to Real Estate Business Intelligence, Annual sales reached the highest level since 2006.
Prices gained just 1% percent for the second straight year, and stayed 24% higher than 2009’s lowest levels.
Fairfax county Virginia had the biggest year end inventory, an increase of 10.4% compared to 2014.
Supply growth was greatest in Fairfax then Prince Georges county Maryland followed by Washington DC then Arlington … (0 comments)
buyersagentcom: Best Time for a Home Inspection
- 02/02/16 09:52 PM
Go on a House Tour or Schedule a Home Inspection TODAY Rain and thunderstorms are in the forecast today for areas in and around Washington D.C & Baltimore. It's too bad it's a weekday, when so many home buyers are at work. Today is the best day to see and smell a basement or inspect the gutters and roof on a home. When it rains, it pours and there is so much to learn about a house when it's wet! In Washington D.C., many of the row houses, town houses and single family homes are over 100 years old. Most of these old homes have stone or … (8 comments)
My Buyer and I stood in the backyard of a large brick colonial style house near a Metro station. He checked off three major items from his "What My House Must Have" list.
1. large beautiful backyard backing to trees and then a soccer field 2. brick colonial home-classic style, built in the 40's with crown molding, arched doorways and hardwood oak floors 3. walking distance to Metro-everyone in the DC area knows the value of an easy commute. Buying a home near a Metro station is a great find!
So … (69 comments)
buyersagentcom: Can I Trust My Real Estate Agent?
- 11/05/15 09:32 PM
Trust is the belief that someone is reliable, good & honest A trusting relationship is this belief in action When meeting new clients, the first conversation is the beginning of an inquiry. "Can I trust you?" Most people don't come right out and ask this question. Trust is a process. It begins with getting to know someone and believing in them. Trust is the basis of every relationship. It is defined by actions, not words. Building a Trusting Relationship with Home Buyers Since we are exclusive buyer agents, this advice is geared for home buyers & their Realtors Be honest-never be afraid to tell your clients the truth. There are … (2 comments)
buyersagentcom: Condos for sale in Washington DC
- 10/02/15 09:28 PM
Find your home at- BuyersAgent.com The right neighborhood, price & daily commute Interest rates are at historic lows and housing inventory is on the rise in Washington DC. If you've waiting for less buyer competition-Now is the time. The average sales price for a home in Washington DC is $529,000. Buy a condo and move in before the holidays Comparing the costs of renting vs. buying- Consider your budget -Most financial experts will agree that you don't want to spend more than 30% of your monthly income on housing expenses. Know what you can afford 9 in 10 Buyers find a home with a real estate agent-According to the National … (2 comments)
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